Business

23 April 2024 - Apparel factories within the Economic Processing Zones (EPZs) are seeking exemption from wage increase and new levies.

23 April 2024 - According to the bank, the customer, whose identity was not disclosed, initiated the swift transfer on April 8, 2024, to her supplier in China and asked for a revearsal days later.

23 April 2024 - The 20% excise duty was introduced in 2022.

23 April 2024 - Africa's internet penetration rate which stands at 36 percent

23 April 2024 - Insurance companies in Kenya are also driving the insurance ecosystem by promoting the versatility of insurtechs.

23 April 2024 - New leadership focused on empowering Africa's tech talent.

23 April 2024 - The Nigerian government has shut down a Chinese business over allegations of discrimination. The Chinese establishment had been accused of refusing Nigerians entry into the supermarket, tagging it Chinese only. The Chinese supermarket has however…

23 April 2024 - LONDON, UK, April 23 – The United States electric vehicle manufacturer Tesla has slashed the selling price of its products in the wake of a slump in sales during the first three months of 2024. The world’s largest EV maker by volume, which is owned by…

23 April 2024 - NAIROBI, Kenya, April 23 – The Communications Authority of Kenya (CA) will punish public service vehicle (PSV) saccos and postal offices that are operating without the authority’s postal courier service licenses. According to the Authority’s Director…

23 April 2024 - NAIROBI, Kenya, April 23 – 21 African countries have enacted rules for non-resident suppliers to pay value-added tax (VAT) or goods and services tax (GST) on electronically supplied services. The digital economy, driven by technologies like generative…

23 April 2024 - NAIROBI, Kenya, April 23 – Rwanda is set to host the Shelter Afrique Development Bank’s (ShafDB) 43rd Annual General Meeting (AGM) from June 11 to 13, 2024. The event, which will take place in Kigali, is expected to cover an annual symposium, a…

23 April 2024 - Having been clueless about how to navigate money throughout my childhood and youth, I have been determined to ensure that my children and those around me do not walk down the same road making the same mistakes I made then.

23 April 2024 - Campaigns for the director positions have intensified following the decision by the Tea Board of Kenya to set the elections end of June.

23 April 2024 - When borrowing, the power dynamics might seem skewed. The lending institution might seem to have the power to exert more power. However, the Kenyan law has ensured that the power dynamics are harmonised. The laws ensure that the lenders (banks, saccos…

23 April 2024 - With its new fund, TLcom Capital plans to deploy additional capital into female-founded African tech startups, building on the firm’s June 2022 co-investment commitment of $2 million to FirstCheck Africa, a female-focused pre-seed fund. TLcom Capital…

23 April 2024 - Kenya expects to produce over $1 billion (Ksh. 133 billion) in textile and apparel exports by 2027, President William Ruto said on Tuesday, citing current potential and investment growth.

23 April 2024 - NEW YORK, April 22 (Xinhua) — All classes at Columbia University went virtual starting on Monday as divisive demonstrations and debates around the Israel-Hamas conflict heated up on campus recently. The university’s president Minouche Shafik urged…

23 April 2024 - NAIROBI, Kenya, Apr 23 – President William Ruto has announced the introduction of a special nighttime electricity tariff for manufacturers from next month, cutting cost by 50 per cent and removing the need for full daytime cap. Speaking Tuesday during…

23 April 2024 - When we look at countries around the world and their leadership through the lens of power, we use different terms to describe their influence and strategies: Hard Power, Soft Power, sticky power, old power, and new power.

23 April 2024 - At its core, the NSE functions as a marketplace where investors can trade securities issued by publicly listed companies. This exchange facilitates transactions between buyers and sellers, providing liquidity and transparency to the market. You can…

23 April 2024 - The 2024 Smart City Index has been released. This year’s index ranks 142 smart cities worldwide based on data analyzed by researchers and survey responses of 120 residents in each city.

23 April 2024 - NAIROBI, Kenya, April 23 – The Aga Khan University has been awarded Sh19.6 million by the National Institute of Health to advance cervical cancer testing in the country. In a statement, AKU stated that the funds will enable the institution to perform…

23 April 2024 - WELLINGTON, April 23 (Xinhua) — Global tourism revenue is estimated to total 5.8 trillion U.S. dollars in 2024, marking an increase of 139.6 percent over the pre-pandemic level in 2019, according to a report released by an international tourism summit…

23 April 2024 - NAIROBI, Kenya, April 23 – The Kenya Investment Authority (KenInvest) is looking for a new managing director (MD) to replace June Chepkemei, who was last month appointed Kenya Tourism Board CEO. A successful candidate will promote and facilitate…

23 April 2024 - State Corporations Advisory Committee accuses the lawmakers and Cabinet Secretaries of abusing laws to create forms that end up bleeding public coffers.

23 April 2024 - NAIROBI, Kenya, April 23 – Members of the Metropolitan National Sacco will next month hold a second demonstration amid an array of unresolved grievances, including non-remittance of monthly repayments of huge loans to members and the irregular…

23 April 2024 - Building wealth may seem like an unachievable hassle, but it is not complex, and people should take up investments from an early age.

23 April 2024 - Just a few days after the United States announced its decision to withdraw its 1,100 troops from the West African nation, some U.S. officials in Washington are starting to admit that the Biden administration’s strategy to maintain diplomatic…

23 April 2024 - Firms are now warning that growing regulatory requirements are the biggest drivers of ballooning business costs.

23 April 2024 - TOPLINE Patients treated by female doctors fare better than patients treated by male doctors, according to new research published Monday, despite the field struggling to improve female representation in research and among practitioners. KEY FACTS…

23 April 2024 - LONDON, April 23 (Xinhua) — The British government’s flagship Rwanda bill is set to become law after months of wrangling ended in a parliamentary showdown on Monday night. The bill, which has faced fierce opposition for months, designates Rwanda as a…

23 April 2024 - NAIROBI, Kenya, April 23 – Ride-hailing platform Bolt, in partnership with M-KOPA, an African fintech firm, has launched its electric motorcycle fleet in Kenya in efforts to combat climate change and improve driver earnings. Over 5,000 e-bikes will be…

23 April 2024 - NAIROBI, Kenya, April 23 – Wire and wire product maker, Wire Product Limited, plans to announce 178 positions as redundant due to financial constraints. In a letter by the company’s general manager, Preeth Xavier, directed to the secretary general of…

23 April 2024 - Judge says there is no legal provision for levy sough by taxman against the firm.

23 April 2024 - Judge says there is no legal provision for levy sough by taxman against the firm.

23 April 2024 - NAIROBI, Kenya, April 23 – While still pursuing her degree in Business Management and Accounting at the University, Hope Tamara joined Imarisha Mabati roofing company as a sales agent. It is during this time that her interactions with different types…

23 April 2024 - DHAKA, April 23 (Xinhua) — Chinese mobile phone manufacturer TECNO brings their groundbreaking Artificial Intelligence Operating System to Bangladesh, marking a significant leap forward in mobile technology innovation. In a statement issued on Monday…

23 April 2024 - According to the Egyptian Ministry of Tourism and Antiquities, a 3400 old Egyptian relic taken away from the North African country, a few decades ago has been returned. The 3,400-year-old statue of Ramesses II, an ancient Egyptian pharaoh, was…

23 April 2024 - SEOUL, April 23 (Xinhua) — South Korea’s foreign currency deposit fell for the third successive month due to higher demand for import settlement, central bank data showed Tuesday. The deposit, denominated in foreign currencies, shrank 1.12 billion…

23 April 2024 - NAIROBI, April 22 (Xinhua) — Kenyan President William Ruto on Monday called for the harmonization of information and communication technology (ICT) policies across Africa in order to spur digital transformation. Ruto said that the collaboration should…

23 April 2024 - Africa is a continent full of unrealized potential and emerging prospects, yet it is sometimes seen through a prism of difficulties and hardships. With its abundance of natural resources, youthful population, and quickly urbanizing cities, Africa is…

23 April 2024 - Failure to issue licenses to private coffee mills is one of the key issues that have split coffee sector players.

23 April 2024 - Sidian Bank founders and individual shareholders received Sh841.66 million on sale of their entire stake.

23 April 2024 - In a strategic plan to make clients reach their financial goals Chumz, a saving and investment app enables one to save money from discounts for making certain purchases. The saving can be from as low as Ksh.5.

23 April 2024 - Kwale titanium miner Base Titanium’s Australian parent firm is set to be acquired by Energy Fuels.

23 April 2024 - The quantity of second-hand clothes imported from China jumped by 86.2 per cent in the first quarter of this year.

23 April 2024 - About 35 kilometres from Nairobi's Central Business District, we arrive at Kamulu, one of the fast-growing satellite towns.

23 April 2024 - Kenya will overtake Angola to become the fourth-largest economy in sub-Saharan Africa this year.

23 April 2024 - The Treasury faces the difficult task of raising Sh1.58 trillion revenues in three months to the end of June.

23 April 2024 - Cellnet Ltd is a private limited company whose trade is the sale of airtime, connector packs, mobile phones and accessories.