Business

04 June 2024 - In the global economy, labour productivity is an important factor that drives economic growth and improves people's standard of living. Africa boasts a youthful and dynamic workforce with huge potential.

04 June 2024 - Wanjiru has not only lost a landmark case on who is to blame whenever hacker(s) swap and steal mobile money but will have to pay the cost of the case to mobile services provider Safaricom.

04 June 2024 - Kenya has signed a Ksh38 billion ($284.1 million) financial agreement with Korea for the construction of a state-of-the-art Konza Digital Media City at Konza Technopolis.

04 June 2024 - The irregularities were also found in applications from Honda, Suzuki and Yamaha Motor.

04 June 2024 - NAIROBI, Kenya, June 4 – 100 Kenyan students will be trained on cybersecurity security skills in a deal between the Microsoft Africa Development Centre (ADC) and Cyber Shujaa. The three-month programme will admit the first cohort of 70 undergraduate…

04 June 2024 - Naomi Ogutu, 48, Kea Wakesho Simmons, 41, and Nancy Gakere, 50, are among Kenyans who have found success in the US, all in the travel industry.

04 June 2024 - NAIROBI, Kenya Jun 4 – The Alcoholic Beverages Association of Kenya (ABAK) has warned that the sector will be hit hard by double taxation if the government will implement the proposed Finance Bill 2024. The Association stated that some provisions in…

04 June 2024 - The lender now joins the list of KCB, ABSA, Equity bank, and NCBA among the top banks with digital loaning arms.

04 June 2024 - With the coffee season 2023/2024 coming to an end, farmers have been paid more than Sh17 billion through DSS.

04 June 2024 - The transport and logistics firm is said to be indebted to the tune of Sh14 billion with creditors including NCBA, KCB, Co-op Bank and NSSF.

04 June 2024 - The Nigerian government just disclosed the extraordinary amount it is making accessible to businesses seeking a loan. The Minister of Finance made the announcement, disclosing that big businesses would be able to get as much as N1 billion in loans,…

04 June 2024 - NAIROBI, Kenya, June 4 – NCBA Bank has partnered with British automobile distributor Inchcape Kenya for an asset financing campaign slated to run till March 2025. Under the MEMORANDUM OF Understanding (MoU), the lender will provide financing options…

04 June 2024 - NAIROBI, Kenya, June 4 – The ICT Authority has enrolled 2,401 innovators in its Huduma Whitebox program, which focuses on incubation, capacity building, market linkages, and commercialization. The Authority aims to catalyze the growth of local ventures…

04 June 2024 - Kenya Association of Air Operators (KAAO) cautions that the proposed 16 pc VAT in the Finance Bill 2024 could jeopardise air transport sector.

04 June 2024 - Canal+ is set to begin the process of acquiring South African media company Multichoice after months of speculation. Canal+ first began buying shares in MultiChoice in 2020 in a bid to grow its business in Africa. Today, the French company owns about…

04 June 2024 - Last week, the company warned of the disruption, saying it was part of a system upgrade.

04 June 2024 - Ugandan students are currently encouraged to learn Chinese for better career prospects. Hilda Ayebare, an assistant curriculum specialist for foreign languages at the Uganda National Curriculum Development Center (NCDC), emphasised the importance of…

04 June 2024 - Africa has been dubbed blessed for many reasons, from its population size, to its mineral resources and its mind-blowing land mass.

04 June 2024 - The emergence of Bitcoin as a feasible asset elegance has attracted increasing interest from institutional buyers, marking a sizable shift in the conventional finance panorama. Once taken into consideration with skepticism, Bitcoin is now gaining…

04 June 2024 - NAIROBI, Kenya, June 4 – Standard Chartered has unveiled its SC Juza Mobile Loan App targeting the short-term lending market in Kenya. The lender sys the move is anchored on providing affordable financial solutions for both salaried and non-salaried…

04 June 2024 - NAIROBI, Kenya, June 4 – Policyholders Compensation Fund (PCF) has begun payments and compensation of policy holders of Xplico insurance. In a public notice, PCF directed all the affected parties to fill the online claims form on its website beginning…

04 June 2024 - Kenyan Public Service Cabinet Secretary, Moses Kuria is optimistic about Kenya’s economic future. He notes that Kenya’s fortune is set to change on the back of the economic initiatives that continue to be executed despite the administration. His…

04 June 2024 - A deal for Mukesh Ambani, Asia’s second-richest man to capitalize on the demand for 5G wireless services in Ghana is facing opposition from the country’s parliamentary minority, who have criticized the administration for rushing into a "sweetheart deal…

04 June 2024 - TOPLINE Shares of Spotify rose by about 5% on Monday, after the company announced it will once again raise the prices for its subscription plans in the U.S., following an increase in subscribers. KEY FACTS Spotify shares rose to over $310 as of 10 a.m…

04 June 2024 - As the primary and most well-known cryptocurrency, investing in Bitcoin gives capability opportunities for boom and diversification in funding portfolios.

04 June 2024 - It is no secret that Africa is rich in valuable minerals crucial for economic development, ranging from extensive oil reserves to lush agricultural lands.

04 June 2024 - External shocks from, global rates and geopolitical tension have been cited as major factors

04 June 2024 - External shocks from, global rates and geopolitical tension have been cited as major factors

04 June 2024 - Nigeria’s Central Bank recently disclosed that it sold a historic amount of US Dollars in the previous month. The Apex Bank admitted that so far in the year it sold the most Dollars in May, albeit with very little overall market turnover in May. For…

04 June 2024 - Introduction of Value Added Tax on insurance services and motor vehicles is bad for the industry, says lobby.

04 June 2024 - Zambia has signed a deal with a US-based Kenyan investor after a Jeff Bezos-backed firm discovered large copper deposits.

04 June 2024 - AmCham wants Parliament to cut the proposed motor vehicle tax from 2.5 per cent to one per cent.

04 June 2024 - NAIROBI, Kenya, June 4 – Xiaomi Kenya is thrilled to announce the launch of the “Xiaomi Deals Carnival,” a month-long promotion featuring unbeatable deals and discounts on a wide range of Xiaomi smartphones. From June 4th to June 30th, customers can…

04 June 2024 - A "Roast" an event where a person or group of people are subjected to good-natured ridicule or mockery by friends or colleagues. Kenyan movies and most TV shows tend to look and feel alike.

04 June 2024 - The contracts for the construction of a new national electricity dispatch hub to be managed by the Kenya Electricity Transmission Company (Ketraco) will be ready this month for approval by...

04 June 2024 - The development institutions are increasingly turning away from poverty-related ills like hunger, infectious disease and illiteracy—the challenges still facing most people across the planet. An...

04 June 2024 - The American Chamber of Commerce, Kenya (AmCham) wants Parliament to cut the proposed motor vehicle tax from 2.5 percent to one percent of the vehicle's value. AmCham also wants the National...

04 June 2024 - Epra says cap could be removed entirely by the end of the current tariffs control in 2026.

04 June 2024 - Mental health and financial well-being are two important aspects of life that are often viewed in isolation from each other. However, these deeply intertwined elements play a key role in...

04 June 2024 - A newly published National Tax Policy said the reviews would help the Treasury avoid a “Laffer curve” effect where tax rates affect revenue performance.

04 June 2024 - Safaricom and the Institute of Certified Investment and Financial Analysts (Icifa) have signed a memorandum of understanding (MoU) to improve access and inclusivity in financial education. As...

04 June 2024 - The government is considering scrapping the monthly limit on the quantity of cheaper electricity that electric vehicles (EVs) are allowed to enjoy, in a bid to accelerate the adoption of the...

04 June 2024 - The insurance penetration rate in Kenya stands at 2.43 percent, the third lowest in sub-Saharan Africa. This low insurance uptake presents an opportunity for growth and expansion. As insurers...

04 June 2024 - Players in the aviation sector want Parliament to reject the proposal to introduce a 16 percent value-added tax (VAT) on airplane spare parts on grounds that expensive parts would hurt air...

04 June 2024 - Retirement planning is a critical aspect of financial health yet, many Kenyans still hold misconceptions that encourage old age poverty and forced work in retirement. Let’s debunk some of these...

04 June 2024 - Insurance firms are warning that the proposal to introduce value-added tax (VAT) on insurance services such as brokerage will increase premiums, trigger job losses, and hurt uptake further in...

04 June 2024 - Kenya Reinsurance Company (Kenya Re) shareholders are set for a Sh6.69 billion windfall in a bonus share issue that will see them gain one share for each held, in addition to a record Sh839.9...

04 June 2024 - Expensive imported construction materials saw property developers go back to the banks for Sh45.3 billion top-ups last year, pushing the growth in loans advanced to the sector to a five-year...

04 June 2024 - Lilian Seenoi-Barr was sworn into Derry City & Strabane District Council on Monday, shattering a glass ceiling as the first Black person in the local government’s highest position in Northern Ireland. The 42-year-old Barr is officially the Mayor of…

04 June 2024 - The role played by internal audit functions is changing. Traditionally, auditors were known for financial statements and operational audits, and were skilled and trained to do just...