Business

15 July 2024 - CAIRO, July 14 (Xinhua) — Egypt is planning to drill 110 exploratory wells for gas and oil, with a total investment of 1.2 billion U.S. dollars during the current fiscal year 2024/2025, Egyptian Ministry of Petroleum and Mineral Resources quoted…

15 July 2024 - NAIROBI, Kenya, July 15 – Uncover, a Kenyan-founded skincare firm, has secured Sh180.9 million ($1.4 million) from international investors to expand its business portfolio. The Seed 2 funding was led by EQ2 and IgniteXL Ventures, with participation…

15 July 2024 - Despite fuel price reductions announced by the Energy and Petroleum Regulation Authority (EPRA) on Sunday, there remains a conundrum on why the Road Maintenance Levy Fund (RMLF) has been increased.

15 July 2024 - Over 34 per cent percent of the world’s energy consumption happens in buildings.

15 July 2024 - Despite rapid growth, challenges in offering flexible products and easy access persist.

15 July 2024 - Affordable housing is one advantageous feature that determines any resident’s appeal. As the world rapidly urbanizes and living expenses rise, African countries offer an interesting affordability model. Embracing and developing affordability may help…

15 July 2024 - The South African government recently revealed plans to employ the use of nuclear energy to address its electricity issues. However, South Africa's Minister of Electricity and Energy Kgosientsho Ramokgopa relayed that this operation would be handled at…

15 July 2024 - SEOUL, July 15 (Xinhua) — South Korea’s export of information and communications technology (ICT) products rose in double digits in the first half of this year, government data showed Monday. The ICT products shipment soared 28.2 percent from a year…

15 July 2024 - NAIROBI, Kenya, July 15 – The Energy and Petroleum Regulatory Authority (EPRA) has increased the Road Maintenance Levy by Sh7 to Sh25 despite public criticism of the new tax. Only last week did the Ministry of Roads and Transport sought public views…

15 July 2024 - Thousands of youths are missing out on maritime jobs due to the high cost of training, Kenya's special envoy for maritime and blue economy Nancy Karigithu, has said.

15 July 2024 - This explains the heavy debt burden that Kenyans are currently shouldering.

15 July 2024 - It has invested Sh1bn in funding injected by the US International Development Corporation.

15 July 2024 - The reserves increased by Sh15.6 billion in the week

15 July 2024 - Kenya can learn a lot from the success story of Rwanda.

15 July 2024 - Experts say the government must ensure strong Public Finance Management systems.

15 July 2024 - According to Shannon Bowen, strategic communication has the power to define issues, create understanding, envision solutions and implement policy at organisational and public policy levels.

15 July 2024 - While analysts admit that local firms cannot compete on remuneration rates with the Big tech, they recommend a raft of measures to safeguard against the latter-day talent poaching forays.

15 July 2024 - The proposals are in response to the post-implementation review of the IFRS 3 Business Combinations standard.

15 July 2024 - When a woman becomes pregnant, her body undergoes many changes to support the growing baby. These can significantly impact the heart.

15 July 2024 - Economies that have engendered digitalised services, the world over, have realised tremendous growth in citizen access to services, transparency, accountability, cost efficiency, protection of...

15 July 2024 - On Friday, the Central Bank of Kenya (CBK) quoted the shilling at Sh129.25 to the dollar, compared to Sh128.50 at the beginning of the week.

15 July 2024 - Kenya is expected to retire its next Eurobond in May 2027, clearing a liability of Sh116.5 billion ($900 million).

15 July 2024 - The 2024 Kenya Banking Industry customer experience survey reveals that 47 percent of bank clients consider branch customer experience’ as the reason for their preferred channel of accessing...

15 July 2024 - Currently, a litre of super petrol is retailing at the same rate in both Nairobi and Kampala, highlighting the direct effect of Kenya’s G-to-G deal on the cost of fuel in Uganda.

15 July 2024 - The government defended the law arguing that any Act of Parliament enjoys the presumption of constitutionality.

15 July 2024 - The National Treasury has estimated total deficit financing between the 2018/19 financial year and the 2022/23 cycle at Sh4.691 trillion in a period in which actual total government expenditures...

15 July 2024 - Data shows actual repayments towards interest more than doubled from the initially budgeted amount, rising 127.55 percent to Sh52.22 billion from Sh22.95 billion.

15 July 2024 - Cape Holdings Limited had been put under administration on October 12, 2021, but was terminated on June 9, 2023 due to non-performance by the administrator.

15 July 2024 - Amsons Group said last Thursday that the proposed deal to acquire the entire stake in Bamburi for Sh23.59 billion includes a $5.31 million break fee.

15 July 2024 - The upgrade is poised to offer convenience to users who receive lengthy voice notes, allowing them to quickly read the transcriptions instead of listening to the entire audio message.

15 July 2024 - Tullow had earlier been given a deadline of December 2021 to present a comprehensive investment plan for oil production in Turkana or risk losing concession on the exploration fields.

15 July 2024 - CFAO, which has been relying on Simba Corp’s Associated Vehicle Assemblers (AVA) plant in Mombasa to produce most of its vehicles, currently owns a 32.5 percent stake in KVM.

15 July 2024 - Chief Justice Martha Koome said that throughout her years of service at the High Court and the Judicial Service Commission (JSC), Justice Majanja was passionate about preserving the rule of law...

15 July 2024 - The fund's asset growth is attributable to inflows from new investors and reinvestments by existing ones.

15 July 2024 - Back issues can cause ED when veins and nerves are pinched, leading to less blood flow to the pelvic area.

15 July 2024 - The collective firing should certainly bring a better work ethic for the next group of Kenya Limited’s exco and braver conversations around the Cabinet board table when one of them is publicly...

15 July 2024 - Many families experienced devastating losses as their hard-earned homes and cherished possessions were damaged or destroyed with minimal warning.

15 July 2024 - Huge tracts of land initially leased to Base Titanium Ltd in Kwale County have not been re-leased to other investors, Mining PS Elijah Mwangi has said.

15 July 2024 - The sale of 20 acres of land by a farmers' company ten years ago has returned to haunt a former official.

15 July 2024 - Exports through Mombasa Port have gone up by 85 per cent this year.

15 July 2024 - Flower farmers in Naivasha are now opting to employ workers on six-month contracts as part of cost-cutting measures due to harsh economic times.

14 July 2024 - Pump prices dropped to Sh168.50 per litre of diesel from Sh173.10 while that of petrol dropped to Sh188.84 from Sh189.84 in Nairobi.

14 July 2024 - NAIROBI, Kenya, July 14 – The Energy and Petroleum Regulatory Authority (EPRA) has cut super petrol, diesel, and kerosene prices per liter by Sh1, Sh1.5, and Sh1.3, respectively. Starting midnight, a liter of petrol will retail at Sh188.4 in Nairobi…

14 July 2024 - The Energy and Petroleum Regulation Authority (EPRA), has reduced the pump prices for major petroleum products in its July review.

14 July 2024 - The Chief Executive Officer of Dangote Refinery, Aliko Dangote, has announced that the Nigerian National Petroleum Corporation (NNPC) Limited no longer holds a 20% stake in the refinery.

14 July 2024 - The Ugandan government plans to amend the Anti-Corruption Bill to allow for the blocking of corruption convicts from holding public offices.

14 July 2024 - Safaricom has rescheduled a planned system maintenance set for Sunday, July 14 to Monday, July 15 to allow customers to continue enjoying their mobile services.

14 July 2024 - Railways have long been recognized as vital arteries for economic development, facilitating the efficient movement of goods and people. In Africa, the interest in railway infrastructure has surged in recent years, with countries across the continent…

14 July 2024 - KABUL, July 14 (Xinhua) — Around 90,000 CCTV cameras have been installed in different parts of Afghanistan’s capital Kabul to ensure security and check criminal activities, spokesperson for the Ministry of Interior Affairs Abdul Matin Qani has said.…

14 July 2024 - NAIROBU, Kenya, July 14 – The government has constituted a Taskforce on the Development of Cybersecurity Policy that will undertake a comprehensive review and audit of the Computer Misuse and Cybercrime Act. According to the Kenya Gazette notice dated…