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NEWS & CURRENT AFFAIRS

Digital News

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Esther Dianah

Amsons woos shareholders as it steps up Sh23.5b Bamburi buyout bid

Amsons Group, the Tanzanian business conglomerate, has started its marketing campaign to secure the support of Bamburi Cement shareholders following the release of a shareholder circular on Tuesday.

Amsons woos shareholders as it steps up Sh23.5b Bamburi buyout bid

Competition watchdog approves National Bank acquisition by Nigerian lender

Competition watchdog approves National Bank acquisition by Nigerian lender

Northern Kenya eyes investment boost as Sh3.37b loans disbursed to MSMEs

Northern Kenya eyes investment boost as Sh3.37b loans disbursed to MSMEs

Survey: Women spending dips despite retailers' increased sales

Survey: Women spending dips despite retailers' increased sales

KenGen profit jumps 35 per cent to Sh6.8b on higher power output

Kenya Electricity Generating Company PLC (KenGen) has posted a Sh.6.8 billion profit after tax for the year ended June 2024, representing a 35 per cent increase from the previous year.

KenGen profit jumps 35 per cent to Sh6.8b on higher power output

Boda boda business on the wane as lenders shy away

The motorcycle business has dropped significantly on the back of the prevailing high cost of living and as financial institutions scale back lending to households.

Boda boda business on the wane as lenders shy away

Lack of awareness blamed for low MSMEs tax revenues

To ensure compliance and increase revenue collection from the MSME sector, the Kenya Revenue Authority (KRA) says it working on ways to increase tax awareness.

Lack of awareness blamed for low MSMEs tax revenues

Ministry launches plan to increase revenue from tourism levy

The Tourism Fund’s strategic plan for the period 2024-29 aims to overcome challenges faced by the tourism sector and harness the potential in the industry.

Ministry launches plan to increase revenue from tourism levy

Habil Olaka: My 14-year journey in building the bankers' lobby

According to Dr Habil Olaka, most of the shocks that have hit the Kenyan economy are externally driven.

Habil Olaka: My 14-year journey in building the bankers' lobby

High energy costs, unpredictable taxes cut private sector efficiency

Unpredictable tax regimes, high energy costs, and a lack of tax policies have been cited as major issues that negatively impact Kenya’s trade and industry sectors.

High energy costs, unpredictable taxes cut private sector efficiency

Agencies in fresh plan to market Kenyan coffee

Two State agencies have partnered in a new initiative that is expected to enhance marketing of Kenyan coffee locally and abroad.

Agencies in fresh plan to market Kenyan coffee

Mwalimu Sacco eyes asset base of over Sh100 billion in two years

Mwalimu National Sacco says it is projecting to increase its asset base from Sh66.4 billion to Sh100 billion by 2026, representing a three per cent upward growth.

Mwalimu Sacco eyes asset base of over Sh100 billion in two years

Ruto's agriculture rebound buoyed by favourable weather and fertiliser

The agricultural sector rebounded strongly last year influencing the Kenyan economy to grow by 5.6 per cent in that year, compared to the 4.9 per cent growth rate in the previous year.

Ruto's agriculture rebound buoyed by favourable weather and fertiliser

Bamburi Cement confirms Sh25b bid from Savannah Clinker

Bamburi Cement has confirmed receipt of a Sh25.4 billion bid from Savannah Clinker to acquire its entire shareholding.

Bamburi Cement confirms Sh25b bid from Savannah Clinker

Business picks up after Gen Z's anti-tax protests die out

Kenya’s business environment recorded a mild recovery in August, with firms raising their output levels for the first time in three months.

Business picks up after Gen Z's anti-tax protests die out

Business activities picked up in August as Gen Z demos die out

Kenya's business environment recorded a mild recovery in August, with firms raising their output levels for the first time in three months.

Business activities picked up in August as Gen Z demos die out

Association wants state to reinstate ban on export of raw macadamia

The Macadamia Nuts Association of Kenya (MACNUT) has asked the government to re-evaluate the policy allowing the export of unprocessed macadamia.

By 2 months ago

Association wants state to reinstate ban on export of raw macadamia

Land dispute blocks LTWP from cashing in on carbon credits trade

Lake Turkana Wind Power (LTWP) says it is unable to offset its carbon credits due to a protracted land dispute with the local community in Marsabit County.

By 2 months ago

Land dispute blocks LTWP from cashing in on carbon credits trade

Gikomba traders to benefit from financial literacy initiative

Businesswomen in Gikomba Market are set to benefit from a financial literacy campaign launched by Sunlight.

By 2 months ago

Gikomba traders to benefit from financial literacy initiative

Z Boskovic Air honours its founders in 60-year celebration

One of Eastern Africa’s leading air charter companies, Z Boskovic Air Charters, celebrated 60 years in the aviation industry by honouring its founders and leadership.

By 2 months ago

Z Boskovic Air honours its founders in 60-year celebration

Counties get Sh13b for climate change mitigation, adaptation

A total of Sh12.6 billion has given to 45 counties through the Locally-Led Climate Action Programme as part of the County Climate Resilient Investment Grant.

By 2 months ago

Counties get Sh13b for climate change mitigation, adaptation

Kenya Pipeline is too strategic to sell, says CS

Wandayi and Managing Director said they are exploring ways to expand markets in the region as the company plans to diversify into LPG business and establish fibre-optic cables countrywide.

By 2 months ago

Kenya Pipeline is too strategic to sell, says CS

Britam's innovation hub to support six start-up ventures

Britam’s BetaLab is committed to fostering a thriving innovation ecosystem and empowering the next generation of entrepreneurs.

By 2 months ago

Britam's innovation hub to support six start-up ventures

Petitioners urge Samia Suluhu to halt trophy hunting of elephants

Tanzania’s decision to issue hunting permits for ‘super tuskers’ has been criticized with Kenya’s elephant population having grown from 16,000 in 1989 to over 36,280 in 2021.

By 2 months ago

Petitioners urge Samia Suluhu to halt trophy hunting of elephants

New programme to help startups get investor-ready

Change in the mindset has been cited as a major challenge faced when transforming startups into bankable, investor-ready and profitable entities.

By 2 months ago

New programme to help startups get investor-ready

KTB seeks to tap into the Kenyan diaspora to attract more tourists

The Kenya Tourism Board (KTB) is rallying Kenyans in diaspora to support the country to hit three million tourist arrivals a year.

By 3 months ago

KTB seeks to tap into the Kenyan diaspora to attract more tourists

EABL full-year profit down 12pc to Sh11b on inflation and unrest

Results blamed on inflation, shilling devaluation, social unrest, and floods that ate into its net sales.

By 3 months ago

EABL full-year profit down 12pc to Sh11b on inflation and unrest

Tourism agency bets on adventure travel to grow numbers

Tourism has demonstrated resilience and potential to attract more visitors.

By 3 months ago

Tourism agency bets on adventure travel to grow numbers

GPF Director receives prestigious Hive Africa Global leaders Award

Global Peace Foundation's (GPF) Kenya's Executive Director Daniel Juma has been awarded the prestigious Hive Africa Global Leaders Award.

By 3 months ago

GPF Director receives prestigious Hive Africa Global leaders Award

New report highlights gender disparity in regional jobs

A new report by the Intergovernmental Authority for Development (Igad) has shown that more women than men were unemployed between 2012 and 2022.

By 3 months ago

New report highlights gender disparity in regional jobs

Jobs boost for women, youth in fresh Sh13b fisheries drive

More than 240,000 people around Africa are set to benefit from a new Sh12.9 billion programme targeting the fisheries value chain over the next four years.

By 4 months ago

Jobs boost for women, youth in fresh Sh13b fisheries drive

The hidden cost of uninsured employees

The culprit behind this low private health insurance adoption rate? Soaring healthcare costs.

By 4 months ago

The hidden cost of uninsured employees

Ecobank launches 2024 fintech challenge

Ecobank Fintech Fellows will gain access to opportunities through collaboration with Ecobank and its partners, including multinational product rollout, and service provider partnerships.

By 4 months ago

Ecobank launches 2024 fintech challenge

Private beachfront ownership hurting tourism

Private land ownership at the beachfront has been cited as a key challenge facing the growth of hotel businesses in the Coastal region.

By 4 months ago

Private beachfront ownership hurting tourism

Brookside ups bonus payment to farmers by 54pc to Sh218 million

Farmers contracted by Brookside Dairy have a reason to smile after the processor announced a Sh218 million bonus payout.

By 4 months ago

Brookside ups bonus payment to farmers by 54pc to Sh218 million

Kenyans warn new punitive tax proposals will hurt investments

Kenyans say provisions in the Finance Bill 2024 will retard economic growth, impoverish Kenyans and lead to job losses.

By 4 months ago

Kenyans warn new punitive tax proposals will hurt investments

Lessons from running TVET for 25 years

Challenges include acquiring right staff, getting relevant accreditation and unfair competition from peers.

By 5 months ago

Lessons from running TVET for 25 years

'Don't gamble with tax', private sector tells Ruto

Finance bill likely to cause business shut down, massive job losses, further increase in cost of living and failure by the taxman to grow tax collections.

By 5 months ago

'Don't gamble with tax', private sector tells Ruto

'Poor public finance management is incentive for graft'

Lack of capacity and insufficient policies and procedures are leadership challenges facing financial management systems in Africa.

By 5 months ago

'Poor public finance management is incentive for graft'

Acorn Holdings secures Sh. 23.6B funding from the U.S. DFC

The financing will see development of 35 new affordable student housing units in Kenya which will offer a package of key essential services and amenities at an affordable monthly rate to students.

By 5 months ago

Acorn Holdings secures Sh. 23.6B funding from the U.S. DFC

State agency to up safety standards in nuclear energy

Kenya will have its first nuclear power plant up and running by 2035. A site for construction has been identified along the coastal belt, with feasibility studies ongoing.

By 5 months ago

State agency to up safety standards in nuclear energy

Lobby presses for higher budgetary allocation to agriculture

ASNET Chief Executive Agatha Thuo explained that the estimates made significant cuts in the State Departments for Agriculture and Livestock budgets.

By 5 months ago

Lobby presses for higher budgetary allocation to agriculture

Tourism sector rides on aviation recovery path to bounce back

Kenyans accounted for more than half of total bed-nights occupancy last year, highlighting the significance of domestic tourism

By 5 months ago

Tourism sector rides on aviation recovery path to bounce back

Strathmore moots agric-data hub to boost small-scale producers

Strathmore University has launched an agri-food innovation centre to drive sustainable agricultural growth and innovation across Africa through data-driven solutions.

By 5 months ago

Strathmore moots agric-data hub to boost small-scale producers

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