Business

07 June 2024 - Executives at Nation Media Group (NMG) are planning to lay off several hundred of its more than 1,000 employees over the next week, the latest in a wave of sharp job cuts in the media industry this month. Stephen Gitagama, NMG’s CEO, said in an…

07 June 2024 - Aside from the number of countries in Africa and the population that defines its diversity, the continent is home to many languages. With roughly one-third of the world's 6,000 languages, Africa boasts over 2,000 linguistic variations to cater to its…

07 June 2024 - A new report has revealed that the Islamic State (ISIS) now conducts over 60% of its global activities in Africa. The report, which provides insights into ISIS’s operations, revealed that the presence of ISIS-affiliated groups in Africa positions the…

07 June 2024 - Kenya is on the verge of becoming the newest member of the Organization of American States (OAS). A few more steps remain before Kenya can become a member, albeit with the condition of not being able to vote. Kenya would add to the sizable number of…

07 June 2024 - The Competition and Consumer Protection Tribunal has fined Multichoice Nigeria N150 million for challenging the jurisdiction of an Abuja court that recently restrained it from increasing the prices of its DStv and GOtv packages.

07 June 2024 - The workers said payment of the arrears had been approved but they were yet to receive any money.

07 June 2024 - The workers said payment of the arrears had been approved but they were yet to receive any money.

07 June 2024 - Pan-African housing financier Shelter Afrique is seeking institutional investors to bolster its capital standing after rebranding into a development bank.

07 June 2024 - AFRAA's latest data shows high demand Available Seat Kilometers across all regional flights.

07 June 2024 - 90 million Africans become sick from food-borne illness every year.

07 June 2024 - NAIROBI, Kenya, June 7 – Beverage manufacturer Coca-Cola has opposed the proposed 10 percent levy on all locally manufactured plastics in the 2024–2025 Finance Bill. The American soft drink maker, during a public participation forum at the National…

07 June 2024 - ANKARA, June 7 (Xinhua) — Following a successful year in 2023, Türkiye is targeting a position among the world’s top three travel destinations by 2028, industry officials said. Culture and Tourism Minister Mehmet Nuri Ersoy announced in May that…

07 June 2024 - JUNE 7 – Trade and Investment Cabinet Secretary Rebecca Miano has vowed to crack down on counterfeit goods so as to protect legitimate manufacturers across the country. Speaking during the launch of the fifth CITAM business conference expo, the CS…

07 June 2024 - Previously, the Cabinet Secretary could, by notice in the Gazette, exempt certain NGOs from registration.

07 June 2024 - The program combines financial support with technical assistance

07 June 2024 - Samsung Electronics is one of the world's largest smartphone makers and also one of the only companies globally to produce high-end memory chips.

07 June 2024 - President Yoweri Museveni has boldly stated that foreign influences pose no risk to Uganda’s sovereignty or economic progression. This declaration comes in the wake of sanctions imposed by the United Kingdom and the United States on Uganda’s Speaker of…

07 June 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…

07 June 2024 - JUNE 7 – Kenya’s AI-driven social commerce platform, Twiva, has been chosen for the prestigious Spark Accelerator Program by Safaricom.  Known for leveraging influencers to market and sell brands’ products and services, Twiva will benefit from a…

07 June 2024 - In 1960 Del Monte Kenya supported the establishment of Kihunguro Primary School, which has benefitted close to 3,000 students to date.

07 June 2024 - NAIROBI, Kenya, June 7 – The United States Agency for International Development (USAID) is set to showcase significant gains in Northern Kenya’s livestock sector at the upcoming Kenya Meat Expo 2024 slotted for June 12 through 14. The event, themed ‘…

07 June 2024 - When you look around Africa, you see several foreign car brands on the roads. It has been like this for years due to the continent's large dependence on imported cars from Europe, Asia and America to meet its mobility needs.

07 June 2024 - NAIROBI, Kenya, June 7 – Lamu is preparing to host the Lamu,Tana River, Garissa, Wajir, and Mandera County Investment Conference, anchored on promoting climate resilience solutions tailored for Kenya’s semi-arid regions. The event dubbed ‘Unveiling…

07 June 2024 - NAIROBI, Kenya, June 7 – Lamu is preparing to host its County Investment Conference, anchored on promoting climate resilience solutions tailored for Kenya’s semi-arid regions. The even-dubbed ‘Unveiling Opportunities: Redefining Northern Kenya as an…

07 June 2024 - China's Gotion High Tech will build Morocco's first EV battery gigafactory at a total cost of 12.8 billion dirhams ($1.3 billion).

07 June 2024 - TOKYO, June 7 (Xinhua) — Japan’s real household spending gained 0.5 percent in April from a year earlier although consumption remained sluggish amid soaring prices, government data showed on Friday. Households of two or more people spent an average of…

07 June 2024 - NAIROBI, Kenya, June 7 – Treasury cabinet secretary Njuguna Ndu’ngu has stressed the need for pumping adequate human capital development facilitation to the youth population following their rapid population rise in the country. Speaking during the…

07 June 2024 - Choosing to keep your natural hair could be the best or worst decision of your life, depending on how you style and care for it

07 June 2024 - One of Africa’s largest oil producers, Nigeria, is projected to spend more this year on regulating fuel prices than last year. This is despite the fact that fuel subsidies were discontinued in 2023 due to their high cost. Last year, Nigeria spent a…

07 June 2024 - FORBES AFRICA attended the second edition of the Benin International Arts Festival and found the tiny West African nation to be a hub of creativity with an emerging pool of talent. As the sun dipped below the horizon, casting its glow over the streets…

07 June 2024 - It is likely to have a serious implication on the balance sheet and economic growth.

07 June 2024 - Banks are strongly inclined towards medium-sized enterprises, directing 86% of loan accounts to this segment

07 June 2024 - Kenyans have resorted to where they can easily access their money away from financial institutions

07 June 2024 - Africa is increasingly becoming a hub for innovation and entrepreneurship. With a young population, increased internet reach, and a rising middle class, the continent is primed for a startup boom. Several African countries have emerged as attractive…

07 June 2024 - TOPLINE The Federal Trade Commission is probing Microsoft’s recent deal with artificial intelligence startup Inflection AI to examine if the tech giant deliberately structured it in a manner that would avoid an antitrust review, the Wall Street Journal…

07 June 2024 - NAIROBI, Kenya Jun 6 – The Civil Registration Services (CRS) department has committed to putting up a 3-year plan to ensure smooth operations of the offices in all 290 constituencies across the country. Appearing before the Regional Development…

07 June 2024 - EPRA says it will advice ministry by June 30.

07 June 2024 - These startups will undergo a three-month capacity-building program

07 June 2024 - Visa application centres significantly boosted job creation in 2023, sustainability report shows

07 June 2024 - TOKYO, June 6 (Xinhua) — Japanese auto giants Toyota and Mazda suspended production of five car models on Thursday due to fraudulent practices discovered in national certification tests, in the wake of a cheating scandal among five major Japanese…

07 June 2024 - NAIROBI, Kenya, June 7 – At least 200 youthful entrepreneurs participating in the Jiinue Growth Program (JGP) received specialized business training on the first day of the inaugural Eldoret Business Summit 2024, held at Rupa Mall, Eldoret. The two-day…

07 June 2024 - NAIROBI, Kenya,June 7 – Swaroop Rao Ponangipalli and Ponangipalli Venkata Ramana Rao have been appointed as joint administrators by Trance Towers Limited. In a notice, the company announced that it has ceased all the powers of the directors in charge…

07 June 2024 - Fady Rostom won’t reveal himself easily. He hides behind a curtain of withering self-deprecation and truly atrocious dad jokes.

07 June 2024 - The Hustler Fund issued Sh465 million loans to 809,351 Kenyans who had not registered for the product.

07 June 2024 - Banks have warned of higher costs of transacting if Parliament approves the proposed value-added tax.

07 June 2024 - Kenya will use part of the Sh156.8 billion loan it recently secured from the World Bank to clear the outstanding balance of Sh65.3 billion ($500 million) from its debut Eurobond.

07 June 2024 - Kenya Airways took up the loan to finance the purchase of seven aircraft and an engine.

07 June 2024 - SGR will get Sh901 million from the exchequer in the new financial year starting July 1.

07 June 2024 - The US wants Kenya to tighten rules on environmental protection and conserving natural resources.

07 June 2024 - The Business Daily talked with John Mativo, the managing director of the Kenya Electricity Transmission Company.