Business

28 March 2025 - Turkana Central Deputy County Commissioner Thomas Siele has announced that residents must register for the Social Health Authority (SHA) to receive relief food, despite the program being voluntary.

28 March 2025 - Hundreds of jobless teachers in Baringo, Elgeyo Marakwet, and Uasin Gishu have lost over Ksh3 million in a fake Teachers Service Commission (TSC) recruitment scam. Victims were tricked into paying large sums for fake job offers, with some taking loans…

28 March 2025 - An audit by the Auditor General has revealed that Kenya is losing Ksh89.4 million annually in commitment fees on undrawn donor funds for Covid-19 vaccines. Of the Ksh18.67 billion allocated for Supplementary Financing II, only Ksh800 million has been…

28 March 2025 - According to data from U.S. Foreign Assistance, in 2024, Rwanda received around $162 million in total U.S. funding, the 23rd highest funds received by an African country.

28 March 2025 - Authority seeks to develop new framework to families unclaimed property.

28 March 2025 - MTN Group’s South African unit and U.S.-based low-Earth orbit (LEO) satellite provider Lynk Global announced that they have successfully made Africa’s first phone call via satellite.

28 March 2025 - At least six people lost their lives when the "Sindbad" viewing submarine, carrying tourists, sank off the coast of Hurghada, a resort on Egypt's Red Sea.

27 March 2025 - Equity Group has registered a 12 percent growth in profit after tax to stand at Ksh.48.8 billion for the year ending December 2024.

27 March 2025 - The shrinking of the dominance of geothermal power came following the shutdown of KenGen’s Olkaria 1 plant for a capacity upgrade from 45 to 63 megawatts.

27 March 2025 - 'It has been a long journey in terms of clearing the issue of Spire Bank, which we did two years ago.'

27 March 2025 - The tour across cities in Europe and Africa is named after his massive hit song 'Omemma', a word from the Igbo language in Nigeria.

27 March 2025 - Local manufacturers have seized the opportunity to create formulations that are specifically designed for African skin and address the diverse needs of the population.

27 March 2025 - Acorn’s combined portfolio of operating and development-stage student beds now stands at 21,000.

27 March 2025 - Gathungu is concerned that the Sh89.4 million lost annually could have been used to improve health infrastructure, increase vaccine distribution, or strengthen emergency response mechanisms.

27 March 2025 - The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced it is in the final stages of securing a listing on the capital market.

27 March 2025 - 'There was no particular profession to admire at that time. There were no role models, to be honest.'

27 March 2025 - The Micro Small Enterprise Authority (MSEA) has formalized a strategic partnership with key industry players to enhance cold storage facilities in Meru, Kisii, and Nyandarua counties, which will benefit small-scale farmers.

27 March 2025 - The exhibition runs up to April 16, 2025.

27 March 2025 - Zambia’s economy outperformed expectations last year, surpassing growth forecasts from both the government and the International Monetary Fund (IMF), driven by a sharp rise in fourth-quarter output.

27 March 2025 - Vilanculos is Mozambique’s untouched gem with its benevolent sun, sand, surf – and horses, as this writer discovered. The photographs in the brochure show poised, slender women sitting atop horses in the ocean. Why then am I struggling to get a foot…

27 March 2025 - Topline Federal investigators are investigating claims suggesting Pfizer delayed announcing test results of its Covid vaccine until after the 2020 presidential election, the Wall Street Journal reported, bolstering a claim by President Donald Trump,…

27 March 2025 - NAIROBI, Kenya, Mar 27 – DIB Bank Kenya (DIBBK), a subsidiary of Dubai Islamic Bank PJSC, has reported a net profit of Sh103.4 million for the year ending December 31, 2024, a turnaround from a Sh256 million loss in 2023. The bank attributed this…

27 March 2025 - Tanzania has introduced new protectionist tariffs on Kenyan goods such as eggs, dairy, meat, and confectionery, disrupting the East African Community (EAC) Customs Union’s rules and causing a Ksh4.2 billion drop in Kenya’s export earnings to Tanzania.

27 March 2025 - About six months after my confirmation, I got this intense urge to live larger. I mean, I have a secure job now, and I cannot keep living in this small house. Still using the second-hand sofa set I had gotten as a bachelor. I need an upgrade! I…

27 March 2025 - On January 20, 2025, shortly after his inauguration, Donald Trump halted funding from USAID, a key source of aid for Africa. Considering the United States is one of the world’s largest aid providers, this decision raises critical questions about the…

27 March 2025 - Piloted in December 2024, the Ziidi MMF has already achieved remarkable success, pooling over Ksh2.85 billion in assets under management from more than 450,000 customers. This success is attributed to strategic partnerships with Standard Investment…

27 March 2025 - If you are approaching retirement or have recently retired, it's crucial to make wise investment choices to ensure financial stability and a comfortable lifestyle. A smart strategy involves striking a balance between protecting your principal and…

27 March 2025 - Four African countries are teetering on the brink of default as mounting debt burdens, rising interest rates, and declining revenues strain national budgets.

27 March 2025 - February 2025’s MMF performance, reflect the ongoing economic shifts. The average daily effective rate declined to 11.93% per annum, down from 12.19% in January. This downward trend mirrors falling Treasury Bill (T-bill) rates, which directly impact…

27 March 2025 - President William Ruto has made changes in the positions of Principal Secretaries, ushering in 14 new entrants into his government. In other changes, Prof Edwin Kisiangani, who serves in the ICT Ministry, has been dropped as PS and will now serve as a…

27 March 2025 - The Sacco sector has faced a historical crisis in the aftermath of the insolvency that has hit KUSCCO on account of massive fraud. An audit by PwC detailed how top officials at the body engaged in unethical financial practices that put many Saccos the…

27 March 2025 - NAIROBI, Kenya, Mar 27 – Acorn Investment Management Limited (AIML) reported a Sh1.4 billion net profit for 2024 across its Acorn Student Accommodation Development REIT (ASA D-REIT) and Income REIT (ASA I-REIT), nearly 200 percent growth from Sh467…

27 March 2025 - NAIROBI, Kenya, Mar 27 – Equity Group has posted a profit after tax growth of 12 percent to Sh48.8 billion for the full year ending December 31, 2024, boosted by gains earned from regional subsidiaries as well as business diversification. The Kenyan…

27 March 2025 - MAR 27 – British Steel is launching a consultation that could see the closure of its two blast furnaces at Scunthorpe, putting between 2,000 and 2,700 jobs at risk. The company said the blast furnaces were “no longer financially sustainable” due to…

27 March 2025 - A new report from the CBK shows that December 2024 recorded the slowest growth in money circulation since 2001, rising by only 0.58%. The slow growth in cash flow comes at a time when many Kenyans are feeling the squeeze of a high cost of living and…

27 March 2025 - NAIROBI, Kenya Mar 27 – Various travel agency stakeholders have been challenged to embrace greater collaboration including Public-Private Partnerships (PPP) to strengthen Kenya’s travel payment ecosystem particularly in the digital payment space.…

27 March 2025 - By Mercy Mwelu MAR 27 – Kenyan women are increasingly taking charge of their financial destinies. The shift from informal savings to structured investments signals a new era of financial independence and economic empowerment. While the road ahead…

27 March 2025 - NAIROBI, Kenya, Mar 27 – Kenya’s healthcare sector has receive a boost after the government secured a Sh1.8 billion grant from China to upgrade key hospitals nationwide. Treasury Cabinet Secretary John Mbadi and the Ambassador of the People’s Republic…

27 March 2025 - After more than two decades of dormancy, the Port Harcourt refinery has successfully completed 180 days of uninterrupted operation, marking a crucial milestone in Nigeria’s push to revive its domestic refining capacity.

27 March 2025 - While Russia remains a far smaller economic partner to Africa than Western countries or China, its interests with the continent, as is with other global superpowers are deeply rooted in vital areas such as weaponry, mining, and energy (including…

27 March 2025 - Kenya has officially recognized Kosovo as an independent state, marking the first such recognition in nearly five years amid stalled efforts for broader international acceptance.

27 March 2025 - The industry report shows that the three insurers accounted for nearly half of the 357 complaints made against more than 20 companies.

27 March 2025 - For the first time in over a year, Zambia records an inflation decline, presenting the Southern African country with some much-needed economic relief.

27 March 2025 - The United States has expressed concern over the escalating political crisis in South Sudan following the arrest of the nation’s First Vice President, Riek Machar.

27 March 2025 - Cape Holdings Limited filed an urgent application in the High Court to block the auction slated for April 11.

27 March 2025 - Equity Group’s regional expansion pays off.

27 March 2025 -  TOKYO, March 27 (Xinhua) — Japan’s automobile production will decrease by 4.3 percent annually over declining U.S. sales while overall industrial production could drop by 0.6 percent due to the U.S. expanded tariffs, the Japan Research Institute…

27 March 2025 - NAIROBI, Kenya, Mar 27 – Vivo Energy Kenya Limited and TotalEnergies are among the top Kenyan oil marketers who have lost their market shares in the latest Energy & Petroleum Regulatory Authority (EPRA) industry data. EPRA’s Energy & Petroleum…

27 March 2025 - NAIROBI, Kenya, Mar 27 – Smallholder farmers in Nyandarua, Meru, and Kisii have received a boost after the Micro Small Enterprise Authority (MSEA), the Kenya Development Corporation (KDC), and the House of Procurement entered into a deal to enhance…

27 March 2025 - In a recent turn of events, the World Bank has brought to notice, the alarming state of Nigeria’s poor statistical performance.