Business

05 July 2024 - Samsung Electronics is expected to post a 13-fold increase in second-quarter profit from a year earlier as demand for artificial intelligence technology fuels a rebound in memory chip prices.

05 July 2024 - Tesla's best-selling Model Y was included in a list of electric and plug-in hybrid models that a local government in China can purchase as a service car, according to the official Chinese media outlet the Paper on Thursday.

05 July 2024 - Majority of Kenyans prefer Whatsapp and Facebook for accessing news, a report by Reuters indicates, as news consumption continues to shift to social from traditional media. The global Digital News Consumption report, commissioned by Reuters, covered…

05 July 2024 - The Corporation reported a loss of Sh2.34 billion for the year ended June 2023.

05 July 2024 - Credit extended to enterprises in the construction sector grew by 0.6 per cent

05 July 2024 - -          Government has assured visitors of their safety -          The demonstrations have turned to be violent

05 July 2024 - Investors lost about Sh63bn in paper wealth over the two weeks.

05 July 2024 - CANBERRA, July 5 (Xinhua) — Dating app companies have pledged to do more to protect Australian users under the government’s new online safety code. Michelle Rowland, minister for Communications, and Social Services Minister Amanda Rishworth on Friday…

05 July 2024 - JUOY 5 – The Kenyan government is reorganizing the budget following the withdrawal of the Finance Bill 2024, which sparked protests across the country in the past three weeks, President William Ruto said Thursday. Ruto, who chaired a Cabinet meeting in…

05 July 2024 - SEOUL, July 5 (Xinhua) — South Korea’s tech giant Samsung Electronics saw its earnings surge in the second quarter, the company said Friday. Preliminary operating profit reached 10.4 trillion won (7.5 billion U.S. dollars) in the April-June quarter,…

05 July 2024 - Outgoing Premier Sunak concedes defeat, says he has called Starmer to congratulate him on his victory.

05 July 2024 - The electoral agency says he presented all required documents and was cleared by police.

05 July 2024 - The amount was irregularly passed on to clients as demurrage charges, auditor says

05 July 2024 - Analysts have long feared that the virtual AGMs risk excluding participants who might be unfamiliar with the required technology, such as older retail shareholders.

05 July 2024 - Retailers and construction firms among the hardest hit by the countrywide anti-government protests.

05 July 2024 - George Odenyo is the CEO of American Tower Company (ATC), the American real estate investment firm that owns, develops, and operates wireless and broadcast communication infrastructure.

05 July 2024 - George Odenyo is the CEO of American Tower Company (ATC), the American real estate investment firm that owns, develops, and operates wireless and broadcast communication infrastructure.

05 July 2024 - The fall in foreign currency loans and deposits is a relief to banks after the International Monetary Fund (IMF) warned of high exposure.

05 July 2024 - A deep dive into CBK Governor Kamau Thugge's first year in office.

05 July 2024 - With the latest breed of employees being outspoken, outgoing, and carefree, Gen Z is rewriting norms and daily practices that define a workplace.

05 July 2024 - With about Sh21 billion in user deposits and over 350,000 accounts, Faulu is one of Kenya’s largest microfinance lenders but has struggled to make a profit for the last few years.

05 July 2024 - An estimated 143,569.5 tonnes of chemical fertiliser were shipped into the country in the first three months of the year, a drop of 66.27 percent compared with 425,675.20 tonnes in the...

05 July 2024 - The KPC contracted Zakhem International Construction (Kenya) Ltd to build the Sh48 billion new Mombasa –Nairobi oil pipeline.

05 July 2024 - Data shows that the sector has been on a consistently accelerated year-on-year rise since March 2021 when growth stood at 5.1 percent before rising to 8.1 percent during a similar period in 2022.

05 July 2024 - The multinational in November 2023 managed to sell 4.35 billion shares equivalent to a 10.89 percent stake in Airtel Uganda’s initial public offering (IPO).

05 July 2024 - The poor growth performance leaves the sector on the ropes despite being touted as a key pillar of the Kenya Kwanza administration.

05 July 2024 - According to the study, most locals who support taxing the wealthy view it as an effective means of redistributing income in a country characterised by a huge inequality gap.

05 July 2024 - Two diplomatic sources, who sought anonymity, confirmed the phone conversation on a day the President chaired a crisis Cabinet meeting.

05 July 2024 - Kenya’s history reminds us that if violence is not promptly contained, it can quickly degenerate into national chaos with serious negative socio-economic and political outcomes.

05 July 2024 - We went into this massive affordable housing project without thinking through it properly and before agreeing on the feasible model.

05 July 2024 - Disclosures showed defaults on the Kenya and Uganda loans are part of a Sh27.15 billion ($210.95 million) debt that the Botswana Stock Exchange-listed lender failed to repay as scheduled.

05 July 2024 - The airline has a policy that allows customers to seek refunds for cancelled flights or delays of more than eight hours.

05 July 2024 - Adam Masava and Andew ‘Crae’ Chege are like birds of a feather despite their coming from very different backgrounds.

05 July 2024 - Two teachers took a hands-on approach by staging the award-winning musical, Matilda the Musical, at Brookhouse School in Karen.

05 July 2024 - Today, I highlight why certain non-financial firms (read: commodity exporters, importers) need to develop a corporate hedging policy.

05 July 2024 - The story of the 56-year-old superstar’s battle against the condition is chronicled in the new documentary I Am Celine Dion which premiered on Prime Video.

04 July 2024 - Cape Media has been unveiled as the official media partner for the WhozNext talent search programme by the Ministry of Youth Affairs Creative Economy and Sports. The WhozNext talent search programme is set to premiere in the next few days. In a meeting…

04 July 2024 - The Authority is in the spotlight for failure to collect a debt of Sh6.4 billion owed by Kenya Airways.

04 July 2024 - Cities and major towns have suffered in the wake of protests, affecting revenue collection and business activities.

04 July 2024 - BRUSSELS, July 4 (Xinhua) — The European Commission announced on Thursday it will impose provisional countervailing duties on imports of battery electric vehicles (BEVs) from China starting Friday, sparking backlash from various business sectors. The…

04 July 2024 - In Africa, coal usage entails a complicated combination of economic incentives, environmental issues, and health concerns. While coal remains a key component of numerous African countries' energy mix, the continent is shifting towards a future driven…

04 July 2024 - In Africa, coal usage entails a complicated combination of economic incentives, environmental issues, and health concerns. While coal remains a key component of numerous African countries' energy mix, the continent is shifting towards a future driven…

04 July 2024 - The sectors bore the brunt of anxiety over new and higher tax proposals in the now-dropped Finance Bill 2024.

04 July 2024 - APA Insurance has partnered with Hollard Health to launch a global health insurance solution, APA Hollard Health.

04 July 2024 - NAIROBI, Kenya, July 4 – Kenya’s Sustainable Development Goals (SDGs) Forum has unveiled the Civil Society Organizations (CSOs) Voluntary National Review (VNR) Report 2024, in a significant move towards achieving the goals. The 2024 VNR report is a…

04 July 2024 - NAIROBI, Kenya, July 4 – Kenya’s Sustainable Development Goals (SDGs) Forum has unveiled the Civil Society Organizations (CSOs) Voluntary National Review (VNR) Report 2024, in a significant move towards achieving the goals. The 2024 VNR report is a…

04 July 2024 - Diesel costs have a considerable influence on the social and economic development of various African countries, as they do in most other regions across the globe. The increase in diesel prices has a knock-on effect on various industries, including…

04 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…

04 July 2024 - NAIROBI, July 4 (Xinhua) — The number of foreign tourist arrivals in Kenya for 2024 is expected to reach 3 million, up from 2 million posted in 2023, Alfred Mutua, cabinet secretary for the Ministry of Tourism and Wildlife, has said. “The increase in…

04 July 2024 - DAR ES SALAAM, July 4 (Xinhua) — Tanzania’s central bank said Thursday it had decided to keep the key interest rate unchanged at 6 percent for the third quarter. Its assessment of the economy’s outlook and the balance of risks indicated that the…