Business

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.

11 July 2024 - TOPLINE Price increases are headed for Xbox Game Pass users alongside the inclusion of a new tier for the subscription service, creating key price differences between Xbox and rival gaming platform PlayStation that mark the latest price hike amid…

11 July 2024 - LSK demands come as over 4,200 people signed an online petition seeking to have Chebochok removed.

11 July 2024 - There’s an issue dividing K-pop fans right now – artificial intelligence. Several of the genre’s biggest stars have now used the technology to create music videos and write lyrics, including boy band Seventeen. Last year the South Korean group sold…

11 July 2024 - SEOUL, July 11 (Xinhua) — South Korea’s tax revenue fell for the first five months of this year due to higher corporate tax benefits, government data showed Thursday. Tax revenue stood at 151.0 trillion won (109.5 billion U.S. dollars) in the January-…

11 July 2024 - NAIROBI, Kenya, July 11 – All ICT professionals in Kenya will have to be licensed to operate in the country if a new law passes. The ICT Authority Bill 2024 says that any person who intends to offer ICT services in Kenya should be accredited by the…

11 July 2024 - The scrutiny and discrimination of the LGBTQ+ community in several African countries is one of the most glaring in the world. Most of Africa still has a very low tolerance level for the group. Many LGBTQ+ people are abandoned by their families, and…

11 July 2024 - African mines have the potential to supply nearly 10% of the world's rare earth elements within five years, up from zero today, thereby introducing new players into a market currently dominated by China.

11 July 2024 - Ethiopia made significant gains from its coffee market in the 2023/24 fiscal year, surpassing the previous year’s figure. The Ethiopian government disclosed that coffee exports raked in $1.43 billion in revenue during the period under review. They also…

11 July 2024 - Volkswagen shares slipped on Wednesday after an overnight profit warning triggered in part by the possible closure of an Audi plant and a 3.8% drop in second quarter sales dented by China.

11 July 2024 - NAIROBI, Kenya, July 11 – Amsons Industries, a Tanzanian cement manufacturing company, has launched a Sh23.2 billion ($180 million) bid offer to acquire the full ownership of the Bamburi Cement PLC. In a statement, the company stated that the deal…

11 July 2024 - ADDIS ABABA, July 10 (Xinhua) — The National Bank of Ethiopia (NBE), the central bank, announced the adoption of an interest-rate-based monetary policy regime in line with international best practices to ensure price stability and foster economic…

11 July 2024 - BERLIN, July 10 (Xinhua) — Germany registered 1,384 new startups in the first six months of 2024, marking a 15-percent increase compared to the second half of last year, the German Startup Association reported on Wednesday. Following a sharp decline in…

11 July 2024 - Recent anti-tax protests have highlighted the fragile state of Kenya's finances, but a closer look reveals that the problem is not a lack of money but rather a colossal mismanagement of it.

11 July 2024 - Exness stands out as the largest retail broker in the world.

11 July 2024 - NAIROBI, Kenya, July 11 – 27 Female entrepreneurs in the Micro, Small, and Medium Enterprises (MSME) sectors have been honored at the Kayana Awards following their momentous contribution towards the elevation of communities and industries in the…

11 July 2024 - The business has created over 120 jobs for women weavers, as well as full-time jobs for those working in their facilities

11 July 2024 - Access to adequate housing is not just a matter of shelter, but a fundamental human right that is essential for the realisation of other rights and for living a life of dignity.

11 July 2024 - Local debt stock jumps to Sh5.4trn as at end of June 2024 from Sh4.832trn.

11 July 2024 - The businessman says the taxman was imposing taxes as per the rate of 2023 instead of 2022, and argues that his company and another one in Mauritius are two separate entities.

11 July 2024 - The successful adoption of water/infrastructure bonds in Kenya might result in numerous benefits.

11 July 2024 - Justice David Majanja ruled that he agreed with the magistrate’s court that, on a balance of probability, Kenya Power’s negligence caused an electric surge at Pwani Warehousing Limited.

11 July 2024 - A new report by the Intergovernmental Authority for Development (Igad) has shown that more women than men were unemployed between 2012 and 2022.

11 July 2024 - The court had, on March 14, 2024, directed Kenya Railways Corporation to pay the 206 residents Sh20.6 million for demolishing their houses in February 2021.

11 July 2024 - One of the biggest risks he or she faces is the lack of good governance structures that promote transparency and accountability due to the business being owned and managed by the same person.

11 July 2024 - The crux of Moody’s decision lies in the anticipated reduction of tax revenues, which could impair Kenya’s ability to service its debt.

11 July 2024 - Bamburi chief executive officer said the squatters' group has unlawfully occupied the parcel without authority or license under any law.

11 July 2024 - Fresh data from the Central Bank of Kenya (CBK) shows the new borrowing took the country’s domestic debt stock to Sh5.41 trillion as at the end of June 2024, up from Sh4.832 trillion at the end...

11 July 2024 - An audit of contracts for external loans for development projects faults the Treasury for failing to undertake proper market research on the terms of loans tapped, mainly due to limited skills by...