Business

12 July 2024 - KNBS data shows that rice production at the main Mwea scheme increased to 137,769 tonnes in 2023 from 153,654 the previous year because the number of plot holders grew from 10,024 to 11,488...

12 July 2024 - An analysis of bonus payments published on respective annual reports by the firms shows that their top executives took home Sh734.7 million in the 2023 financial year, down from Sh816.3 mullion...

12 July 2024 - Small time traders are rapidly eating into the market that was traditionally preserved for these e-commerce giants, thanks to social media platforms like TikTok and Instagram.

12 July 2024 - Aleph Hospitality manages hotels directly for owners or on a franchise basis for branded properties.

12 July 2024 - The agency has cited Kenya—alongside Uganda and Ghana—as countries in Africa that have reportedly prohibited imports of digitalisation-related waste, including second-hand items.

12 July 2024 - Auditor-General Nancy Gathungu (right) says the institution had capital work in progress totaling Sh229,069,813 incurred in respect of the Rwanda campus.

12 July 2024 - The taxman says 2,617,111 taxpayers were granted amnesty in the period under which the agency waived penalties, interest, and fines on debts where the taxpayers had paid the full principal tax...

12 July 2024 - Equity Bank and M-Pesa, a popular mobile money transfer service, are increasingly rivalling tea and flowers as Kenya’s leading exports.

12 July 2024 - The leaking roofs not only elicited public criticism during rains late last year and early this year, but also tainted the country’s image.

12 July 2024 - Under guidelines by the taxman, all the taxable items attract levies at rates determined by the value of money paid at a foreign country rather than factors such as quality, size, or weight, the...

12 July 2024 - Dr Ruto’s Cabinet comprised one of the richest people in the nation, with Prime Cabinet Secretary Musalia Mudavadi topping the list with a Sh4.4 billion net worth.

12 July 2024 - According to a survey by the National Bureau of Statistics, Nigerian officials are demanding and receiving bribes to deliver public services.

11 July 2024 - From fintech to foodtech solutions; from beauty brands to biotech infusions, FORBES AFRICA’s inaugural list of Small Giants across Africa showcases the tenacity of homegrown businesses and their impact on the communities they serve. Their pan-African…

11 July 2024 - Helicopters are not parked or stored anywhere. They need a secure hangar.

11 July 2024 - The latest audit of the taxman's books of account reveals glaring discrepancies in collections and outstanding refund claims with an under-declaration of revenues amounting to Sh490 billion.

11 July 2024 - Outstanding bills as of December 31, 2023, were Sh162.4b. The updated bills as of June 30, 2024, stood at Sh165b.

11 July 2024 - The bank has issued a wines and spirits tender for its Kenya School of Monetary Studies. Questions abound over the necessity of lavish purchases in the current economic climate.

11 July 2024 - Five years down the line, there is almost not much of a tale to tell when numbers are put into perspective. When mortgage loan accounts for 2019 and 2022 are juxtaposed, it's a drop.

11 July 2024 - Mali's military junta has lifted a suspension on political party activities, the council of ministers announced late Wednesday.

11 July 2024 - According to the Food and Agriculture Organization of the United Nations (FAO) and World Food Programme (WFP), severe food insecurity is expected to worsen in 18 hunger hotspots. A few of these hotspots are in Africa, highlighting numerous factors that…

11 July 2024 - Uganda has joined a growing list of African countries turning to gold to support their currencies.

11 July 2024 - A customer experience survey across Kenya's banking sector has found that customers prioritize excellent service over cost considerations when selecting their preferred banking channels.

11 July 2024 - The 2,700 square meter lounge can host up to 1,000 guests

11 July 2024 - JULY 11 – Samsung is hoping to lure fitness and health-tracking technology lovers with its newest wearable device – the Galaxy Ring. It launched the device at its Galaxy Unpacked event on Wednesday as the latest addition to its ecosystem of devices it…

11 July 2024 - JULY 11 – The UK economy grew faster than expected in May helped by a strong performance from retailers and the construction industry. The economy expanded by 0.4%, rebounding from zero growth in April when wet weather put off shoppers and slowed down…

11 July 2024 - Following the debacle within Nigeria’s oil sector, oil regulators have reached an agreement with oil producers to stabilize the sector. The deal would ensure that domestic refineries would be able to buy crude at market prices. There has been concerns…

11 July 2024 - President William Ruto has fired all Cabinet Secretaries and the Attorney General Justin Muturi save for Prime Cabinet Secretary Musalia Mudavadi.

11 July 2024 - The green project is worth Sh69.4 million

11 July 2024 - Kenyan President William Ruto has sacked his entire cabinet except for the foreign minister following widespread anti-government protests.

11 July 2024 - NAIROBI, Kenya July 11 – President William Ruto has dismissed his entire Cabinet, following pressure from GenZ youths who demanded change. In announcing the changes on Thursday, Ruto said only his Deputy Rigathi Gachagua and Prime Cabinet Secretary…

11 July 2024 - NAIROBI, Kenya, July 11 – The newly commissioned 220/66 kilovolt (kV) Kimuka Substation will serve 560,000 customers in Nairobi and surrounding areas after it was opened yesterday by President William Ruto. The substation now supplies five 66kV feeder…

11 July 2024 - JULY 11 – The Chinese government says it will investigate allegations that fuel tankers have been used to transport cooking oil after carrying toxic chemicals without being cleaned properly between loads. The controversy has spread online as social…

11 July 2024 - President William Ruto on Thursday, July 11, dissolved the Cabinet, firing all Cabinet Secretaries with the exception of Deputy President William Ruto and Prime Cabinet Secretary Musalia Mudavadi.The head of state promised to name a new Cabinet in the…

11 July 2024 - NAIROBI, Kenya, July 11 – President William Ruto is set to preside over the conferment of city status to Eldoret Municipality. State House, in a letter addressed to Uasin Gishu governor Jonathan Bii, announced that the municipality has met all…

11 July 2024 - President William Ruto has nominated 51 candidates for the position of Principal Secretary (PS) in various State Departments.‍ The Public Service Commission (PSC) forwarded him 250 names after interviews, which President Ruto narrowed down to 51 names.‍

11 July 2024 - The logistics costs are likely to see pump prices in Kampala rise by 30%

11 July 2024 - Farmers in Meru have raised the alarm over rising cases of coffee theft in the region. They believe an organised gang is behind the spate of attacks that have left several factory guards dead.

11 July 2024 - At the beginning of 2024, the number of companies in the Nigerian stock market with a market cap of over a trillion naira grew to 13. Behind these records lie the efforts of individuals, notably the MDs and CEOs, who bear the weight of responsibility…

11 July 2024 - Real estate firm Finsco Africa has urged developers to tap into the international market to access long-term capital, which is critical for rolling out affordable housing.

11 July 2024 - Office of Deputy President Rigathi Gachagua unaffected.

11 July 2024 - LIVE: President William Ruto's address to the nation

11 July 2024 - A randomized controlled trial published in the leading academic journal Nature finds two days of working from home improved job satisfaction and reduced turnover when compared to those working in offices five days a week. The long-simmering debate over…

11 July 2024 - The judges said that they did not doubt that the affordable housing levy had generated a lot of public interest with divergent arguments on its constitutionality.

11 July 2024 - SEOUL, July 11 (Xinhua) — South Korea’s population aged 65 and older topped 10 million, coming closer to a super-aged society, the interior ministry said Thursday. The number of officially registered residents aged 65 or higher reached 10,000,062 on…

11 July 2024 - NAIROBI, Kenya, Jul 11 – Lack of employment among young Africans has remained a hindrance to the continent’s development, with data from the World Africa Review showing the continent leads in global unemployment rates. It is on this backdrop that…

11 July 2024 - NAIROBI, Kenya, July 11 – The National Gender and Equality Commission (NGEC) has stated that limited budgetary allocations have hindered its mandate of promoting and protecting the welfare of minority and marginalized groups. While revealing the status…

11 July 2024 - NAIROBI, Kenya, July 11 – Cake franchise Cake City has opened a new cake store at Gallant Mall in Nairobi. This pushes its total outlets in the capital to 11. Its CEO, Mohamed Zahir, said the expansion is part of the company’s broader strategy to…

11 July 2024 - CNN will merge its news-gathering and digital news teams.

11 July 2024 - Amsons has issued a notice of intention to launch a public takeover offer to acquire up to 100 per cent of Bamburi's shares at 65 Kenyan shillings per share.

11 July 2024 - The hybrid Cloud said the cloud has ramped up investments in Africa to support the continent's development into an intelligent digital hub.