Business

10 July 2024 - Kenya has raised the bond fee for fuel consignments destined for Uganda from $15 million to $45 million at the VTTI facility in Mombasa.

10 July 2024 - Kenya is reportedly on the verge of closing 19 Memorandums of Understanding with several Middle Eastern countries. This was revealed by Kenya’s Prime Cabinet Secretary; Musalia Mudavadi during a meeting on Wednesday. He noted that some of the…

10 July 2024 - A collaborative construction project between the Eastern African nations of Ethiopia and South Sudan was currently greenlit. Both countries in a joint effort, have decided to build an alternative oil infrastructure. The decision was reached to bolster…

10 July 2024 - JULY 10 – Asian American online grocery stores and delivery services in the United States are growing and reshaping eating habits, as more rare food from the East becomes available in the West with the click of a mouse. The stores Weee!, Yamibuy and…

10 July 2024 - NAIROBI, Kenya, July 10 – The CPF Group Individual Pension Funds surged to Sh2.9 billion in the year ending 2023, highlighting growing appetite for the category. The group comprising the Local Authorities Pension Trust (LAPTRUST), the County Pension…

10 July 2024 - NAIROBI, Kenya, July 10 – CPF CEO Hosea Kili has faulted the proposal to scale down the retirement age, citing the risk of having the government spend more on retirees. Kili, who spoke during the CPF Annual General Meeting, asserted that the proposal…

10 July 2024 - NAIROBI, Kenya Jul 10 – The Transforming African MedTech Conference (TAMC) 2024 has announced plans to further catalyze advancement in MedTech across the continent. The second annual TAMC Scheduled to take place in Nairobi, Kenya, from August 28 to 30…

10 July 2024 - TOPLINE Samsung Electronics’ unionized workers in South Korea announced an indefinite strike on Wednesday to step up their campaign for a pay raise—in a move that could impact global chip supplies. KEY FACTS The National Samsung Electronics Union said…

10 July 2024 - Nigeria's NNPC is negotiating another oil-backed loan to strengthen its finances and enable further investment, according to its chief executive, Mele Kyari.

10 July 2024 - NAIROBI, July 9 (Xinhua) — Global rating agency Moody’s has cut Kenya’s sovereign credit ratings, citing “diminished capacity to maintain revenue-based fiscal consolidation that would improve debt affordability and place debt on a downward trend.”…

10 July 2024 - SINGAPORE, July 10 (Xinhua) — Singapore will cease registering new diesel cars and taxis from 2025 to support its cleaner energy vision, the Land Transport Authority (LTA) said Wednesday. Meanwhile, diesel car owners can renew their certificate of…

10 July 2024 - NAIROBI, July 9 (Xinhua) — The Kenya Tourism Board (KTB), the state-run tourism marketing agency, said Tuesday it is leveraging on the public-private partnerships to spur the country’s adventure tourism opportunities. KTB Chief Executive Officer June…

10 July 2024 - DRC’s increased imports come on the back of a frosty diplomatic relationship.

10 July 2024 - ‘Always drive with due consideration for your passengers.’

10 July 2024 - Industry players have called on President Ruto to intervene.

10 July 2024 - Hopes to create close to 100,000 new jobs.

10 July 2024 - They want the rating firm factor the country's vast resources in the survey

10 July 2024 - President William Ruto unveiled Hustler Fund in late 2022

10 July 2024 - Last year, Kenya dropped one spot to 63rd globally in the rank of startup-friendly destinations while retaining its third place in Africa.

10 July 2024 - Data by the UN Population Fund indicates that more than 80 percent of maternal deaths in Kenya are attributed to poor quality of care.

10 July 2024 - Fresh data by KRA shows that collections from the CGT increased by 49.5 percent from Sh5.606 billion realised in the previous fiscal year.

10 July 2024 - It means that Kenya will miss out on the billions it makes from hosting other related agencies such as United Nations (UN) Africa headquarters and United Nations Environment Programme.

10 July 2024 - He said KLB engaged PSC to review the human resource (HR) instruments and proposed a new structure. In a letter on May 21, 2024, the PSC approved the new structure and directed him to implement it.

10 July 2024 - The signing into law of the Bill paves the way for the appointment of the selection panel that will be tasked with recruiting new commissioners.

10 July 2024 - Central Bank of Kenya (CBK) data showed one Kenyan shilling was averaging Ush28.79, Tsh20.66 and Rwf10.22 at the start of trading on Tuesday.

10 July 2024 - The Reit posted a net profit of Sh244 million in the year ended December 2023 and recommended the dividend payout of Sh195 million.

10 July 2024 - Membership to the Country Pension Fund--which is drawn from county staff-- also rose in the year to 76,593 from 68,280 in 2022.

10 July 2024 - An audit examined how 39 commercial loans valued Sh1.36 trillion during the time were used, and whether they were borrowed legally.

10 July 2024 - Audit reveals that the government has been breaching crucial public finance management requirements when borrowing, including borrowing to fund unapproved projects and projects lacking...

10 July 2024 - President William Ruto was last month forced to withdraw the Finance Bill 2024 following street protests that left at least 41 people and hundreds injured.

10 July 2024 - Kenya’s exports to the DRC jumped by more than half (56.04 percent) to Sh8.62 billion in the first three months of the year, according to the latest official data.

10 July 2024 - The Capital Markets Tribunal dismissed an appeal by the four ex-directors who had sought to block CMA’s Ad Hoc committee from proceeding with the hearings on the matter.

10 July 2024 - Young Kenyans are increasingly vocal on platforms that allow them to challenge established norms and express dissatisfaction without the filters of respect and fear that previously governed such...

10 July 2024 - Kenya currently ranks 101 in the Government AI Readiness Index 2023 Report. Simply put, there is no robotics and AI industry to talk of in the country.

10 July 2024 - According to the Institute for Security Studies, the region contributed 14 percent in 2018 and 17 percent in 2022. This is set to grow to 29 percent by 2040.

10 July 2024 - In its newly released annual report, Safaricom indicates that it had activated up to 803 5G sites as of the close of March, dwarfing the 690 that Airtel is currently running.

10 July 2024 - Voice over skills are so unique that even established actors find it difficult to master. It takes versatility, imagination and more than a little practice to do a wide range of voices for...

10 July 2024 - 'I’m the grandfather of breast surgery. Now, I have trained more of the latter, we are like 10.' he says.

10 July 2024 - The pension funds, encompassing the LAPTRUST, CPF and CPF Individual Pension Plan have posted a mixed record marked by sustained growth and resilient performance.

10 July 2024 - In a world where profit dictates if and what kind of business one starts, social entrepreneurs flip the equation by looking at impact. If it is not impactful, then it does not make sense.

10 July 2024 - Safaricom found itself in a tight spot over reports of internet throttling when users across the country experienced outages and slow connections for hours during the protests. 

10 July 2024 - Counties raised Sh34.4 billion from their own sources in the 2020/21 financial year against a target of Sh54.3 billion.

09 July 2024 - When Moody’s Rating Committee sat a week ago on the second of July, it was Kenya’s debt rating on the table for dissection.

09 July 2024 - Emotion AI enables entertainment providers to understand and respond to human emotions expressed through facial expressions and tone of voice.

09 July 2024 - Online commerce platforms have emerged as a transformative force - bridging the gap between enterprises and consumers.

09 July 2024 - The new planned austerity drive is set to have a significant impact on various sectors, including consultants, hotels, airlines, and banks. 

09 July 2024 - Treasury's decision to prequalify external legal firms to support its PPP programme has come under scrutiny, given the mandate of the AG to advise the govt on legal matters.

09 July 2024 - On Darasa app, students can access content categorised in topics and sub-topics.

09 July 2024 - Some African cities are renowned for providing their citizens with a superior quality of life. Investments in infrastructure, healthcare, education, and public services have significantly improved living standards in many of these cities.

09 July 2024 - In recent years, Africa has been rocked by anti-Western military interventions, leading to numerous coups, particularly in its western region. These events have shaken the foundation of its democracies and sparked global concern.