Business

28 March 2024 - The recently built Dangote refinery could significantly dent the European oil market. The refinery threatens to heighten the competition for European refineries in a market that already seems over-saturated. According to economists, the Dangote…

28 March 2024 - It follows in the footsteps of KCB Group, which recently announced a Sh3.3 billion drop in net earnings. This is on account of increased provisioning to cover bad loans last year.

28 March 2024 - By Joseph M. Kamau NAIROBI, Kenya, Mar 28 – As the sixth session of the United Nations Environment Assembly (UNEA-6) concludes in Nairobi, Kenya this March, the urgent need for effective, inclusive, and sustainable multilateral actions to tackle…

28 March 2024 - NAIROBI, Kenya, Mar 27 – Hungary looks to open its doors to Kenyan students by adding two universities for applications. The two institutions, which include the University of Sopron and the University of Miskolc, add to existing higher learning…

28 March 2024 - Kenya and Uganda appear to have resolved their oil dispute, with Kenya preparing to license the Uganda National Oil Company (Unoc). This move effectively ended months of a big disagreement that spilled over into the regional court and harmed…

28 March 2024 - HARARE, March 28 (Xinhua) — Zimbabwe’s annual inflation rose to a seven-month peak of 55.3 percent in March from 47.6 percent in the previous month, according to data released by the National Statistics Agency (ZimStat) on Wednesday. The upward trend…

28 March 2024 - SportPesa has announced its groundbreaking platform that's quickly becoming Kenya's most sought-after online gaming destination.

28 March 2024 - NAIROBI, Kenya, Mar 28 – Student hostel developer Acorn has more than doubled the dividend to be paid to investors to Sh480 million in the full year ending December last year. The payout, which grew from Sh192 million during a similar period in 2022,…

28 March 2024 - Britam has posted a 97.4 percent jump in net earnings.

28 March 2024 - The name BlackRock has been tossed around in Kenyan business circles in the last few days after the Central Bank of Kenya (CBK) governor was quoted saying the American multinational investment firm BlackRock has invested in the Nairobi Securities…

28 March 2024 - The Kenya Electricity Transmission Company (KETRACO) has announced the successful energization of the 220/66kV Kimuka Substation transmission line, marking a milestone in the region's power supply.

28 March 2024 - This revolutionary SportPesa app is redefining the gaming landscape, offering a comprehensive, exhilarating and convenient platform for all.

28 March 2024 - With every passing weekend, the progressive SportPesa Mega Jackpot continues to get to breath-taking record heights, raising the stakes in Kenya's sport betting industry.

28 March 2024 - NAIROBI, Kenya, Mar 28 – The global peace crusader Search for Common Ground (SCM) has said that it will strengthen partnerships with Meta and X platforms to entrench the peace process in the country. The lobby group says the deal is a good way to…

28 March 2024 - The Tony Elumelu Foundation (TEF), the leading philanthropy empowering young African entrepreneurs from all 54 African countries, has announced the successful entrepreneurs in its tenth selection for the TEF Entrepreneurship Programme. 37 Kenyans…

28 March 2024 - Ruto flags off WRC Rally at KICC

28 March 2024 - Treasury has banned revisions of the approved expenditure budgets of State corporations.

28 March 2024 - As the world grapples with the ongoing crisis in the Middle East, it has opened the door for African leadership on a global stage. The new best-selling book released this month, Middle East in Crisis & Conflict: A Primer, by leading geopolitical…

28 March 2024 - NAIROBI, March 27 (Xinhua) — Kenya is keen to expand market access for its agricultural products, and boost foreign exchange earnings and economic growth, senior officials said Wednesday at a forum in Nairobi, the Kenyan capital. Musalia Mudavadi,…

28 March 2024 - SYDNEY, March 28 (Xinhua) — Many young Australians and low-income households are spending up to one-quarter of their net income on groceries, according to a survey conducted by the country’s consumer and competition watchdog. The Australian…

28 March 2024 - NAIROBI, Kenya, Mar 28 – Access Bank has increased the cost of borrowing loans after increasing the interest rate to 20 percent.  The lender says that it had to hike the rate in response to the tough prevailing economic conditions.  In a public notice…

28 March 2024 - Story curated by Chanel Retief and Nicole Pillay Art Direction: Lucy Nkosi Photography: Katlego Mokubyane ; Assistant: Sbusiso Sigidi Styling: Deneal Van Wyk; Outfits supplied by Fashimo Styles Studio, Ukara, Suited For Her and Preview Accessories…

28 March 2024 - Lands Cabinet Secretary Alice Wahome has said the government has designated about 575 land parcels totaling about 12,000 acres since 2017 for the Affordable Housing Programme.

28 March 2024 - MEXICO CITY, March 27 (Xinhua) — Mexico’s economic growth could moderately slow down in 2025 due to reduced expansion in the United States and normalization in some subsectors in the service industry after the COVID-19 pandemic, the Finance Ministry…

28 March 2024 - Assets that were previously highly preferred by investors have grown less popular.

28 March 2024 - NAIROBI, March 27 (Xinhua) — Kenya on Wednesday launched a digital campaign aimed at promoting the country as a global destination for tourism and investment. John Tanui, principal secretary in the Ministry of Information, Communications and the…

28 March 2024 - NAIROBI, March 27 (Xinhua) — Kenya’s exports reached 1 trillion shillings (about 7.6 billion U.S. dollars) in 2023, up from the 5.95 billion dollars recorded in 2022, a government official said on Wednesday. The weakening of the Kenyan shilling last…

28 March 2024 - Kenya Transport Association accused international firms of outsourcing logistics and warehousing services abroad, hindering the growth of local companies.

28 March 2024 - The record dividend comes amid a rise in NCBA’s net earnings.

28 March 2024 - Equity’s regional subsidiaries grow their contribution to the bank’s net profit.

28 March 2024 - Patrice Motsepe, the South African billionaire, is in talks with Vivendi SE's Canal+ to team up for a multibillion-dollar bid for broadcaster MultiChoice Group, as per sources familiar with the situation.

28 March 2024 - Kenya will finally license the Uganda National Oil Company (Unoc).

28 March 2024 - The prevalence of obesity in Kenyan women is three times as high as that of their male counterparts

28 March 2024 - Makutano, an urban centre in West Pokot, which borders Trans Nzoia, has the cheapest maize in the country.

28 March 2024 - NCBA Group is set to pay a record Sh7.8 billion dividend following a 56.2 percent jump in net profits.

28 March 2024 - The scale of domestic and external debts could have tilted in favour of the latter by January.

28 March 2024 - Every year, Kenyans living abroad send hundreds of billions of shillings home using non-inclusive banking and financial services.

28 March 2024 - The value of buildings approved for construction in Nairobi last year increased by 33.6 percent to Sh217.04 billion.

28 March 2024 - Tier one banks’ cumulative dividends remained flat in the year ended December 2023.

28 March 2024 - Ketraco has awarded a Sh697 million contract for the completion of a 69-kilometre high-voltage power line to link Sondu and Ndhiwa

28 March 2024 - Makutano, which borders Trans Nzoia, has the cheapest maize in the country.

28 March 2024 - Tier one banks’ cumulative dividends remained flat in the year ended December 2023.

28 March 2024 - Illicit trade may have short-term gains but long-term pain if busted

28 March 2024 - Authorities announced a major drug trafficking bust on Wednesday, which led to the arrests of five women suspected members of a narcotics ring accused of selling cocaine in Kenya’s capital, Nairobi, and elsewhere. The first one to be apprehended was…

28 March 2024 - Says willing to license Uganda National Oil Company.

28 March 2024 - Equity Bank has posted a 5 percent drop in profits for the year ending December 2023, recording a net income of Ksh.43.7 billion compared to Ksh.6.1 billion profit posted in the year ending December 2022.

28 March 2024 - Having routine targets, year-in year-out derails the organisation's success in the long run. Innovation is not taking place. Innovation is not simply being the first to do something.

28 March 2024 - Tier one lenders NCBA Group, DTB Bank Kenya, and Family Bank grew their annual profits and maintained dividends even as concerns mounted on the outlook of the economy

28 March 2024 - The Kenya Pipeline Company (KPC) has paid an interim dividend of Sh5 billion to the National Treasury for the financial year ended June 2023.

28 March 2024 - Agriculture stands as a fundamental economic pillar, providing sustenance, livelihoods, and economic stability in many countries.