Business Archives - Page 20 of 106

Kenya Discovers Large Deposits of Coltan – Mineral Used in Modern Tech

Kenya has announced a significant discovery that is poised to enhance its status as a mineral exporter. Mining and Blue Economy Cabinet Secretary Salim

January 25, 2024

Business·News·TL

Italian Firm To Invest Ksh16 Billion in Kenya for Production of Aviation Biofuel

The Kenyan government, under President William Ruto, has secured a significant investment from an Italian company for a project aimed at producing jet fuel,

January 25, 2024

Business·TL

Unexpected: Kenya Shillings Records Biggest Single-day Gain Since 2020

The Kenyan shilling has this week shown a remarkable recovery, experiencing its fastest appreciation against the US dollar in three years. On Tuesday, the

January 25, 2024

Business·TL

Eight Kenya Ports Authority Officials Charged in Sh62 Million Tender Corruption Case

On Wednesday, eight Kenya Ports Authority officials faced six corruption-related charges related to a Sh 62 million Tender before the Mombasa Anti-Corruption Court. Chief

January 25, 2024

Business·News·TL

The Guardian Reveals How BAT ‘Blackmailed’ Kenyan Government Over Lyft/Velo

The recent investigation has uncovered that the Kenyan government eased its regulations on health warnings for nicotine pouches following British American Tobacco’s (BAT) threat

January 23, 2024

Business·News·TL

Private Company To Invest Ksh13 Billion at Galana Kulalu After Record Harvest

Selu Limited, a key investor in the Galana-Kulalu irrigation project, has announced a significant investment of $80 million (Sh13 billion) over the next three

January 23, 2024

Business·TL

Kenyan Diaspora Remittances Hit Record High of Ksh670 Billion in 2023

In the year leading up to December 2023, Kenyans abroad have significantly increased their remittances back home, with an additional Sh25.9 billion flowing into

January 23, 2024

Business·TL

Kenyans Urged to Collect Unclaimed Ksh.33 billion Cash, Ksh.30 billion Shares

On Monday, Unclaimed Financial Assets Authority (UFAA) Chairperson Francis Njenga urged Kenyans to collect their unclaimed assets currently held at the Central Bank of

January 23, 2024

Business·News·TL

Chinese Investors Launch Property Developers Association, Declare Kenya “Our Second Home”

Chinese investors officially launched an association of property developers from China to be based in Kenya last week. They unveiled the Chinese Property Developers

January 23, 2024

Business·News·TL

Don’t Blindly Follow Bitcoin Hype – Read The Pros & Cons

In the age of Bitcoin, it’s vital to tread wisely amidst the hype. Our journey through the world of cryptocurrencies begins here, where we

January 23, 2024

Business

Family Members of Civil Servants Reportedly Targeted in Wealth Declaration Forms

The government has reportedly sent shockwaves through thousands of civil servants and public officers by requiring them to include details of their families in

January 22, 2024

Business·News·TL

The Economist: Kenya Will Not Default on the Eurobond

According to the latest Africa Outlook 2024 report by the Economist Intelligence Unit (EIU), Kenya is firmly on track to repay its Ksh322 billion

January 19, 2024

Business·TL

Airtel, Telkom Receive Warning from Communication Authority Over Poor Services

The latest report by the Communication Authority of Kenya (CA) on the performance of mobile network operators for the year 2022-2023 has brought to

January 19, 2024

Business·TL

Kenyan Billionaire Expands Co-op Bank Stake With Sh232 Million Share Purchase

Baloobhai Patel, a billionaire investor, has recently increased his stake in the Co-operative Bank of Kenya to 1.29 percent by purchasing an additional 20.5

January 19, 2024

Business·TL

Flydubai Granted Approval for Direct Flights from Dubai to Mombasa

The Dubai-based low-cost carrier Fly-Dubai recently inaugurated direct flight services to Mombasa, marking a strategic move to expand its African market presence, enhance connectivity,

January 19, 2024

Business·News·TL

Government Targets Ksh50 Billion in 2024 PPP Deals for Roads, New JKIA Terminal

The Kenyan government has announced an ambitious plan to mobilize Sh50 billion through Public Private Partnerships (PPPs) in the fiscal year starting July 2024.

January 18, 2024

Business·TL

Nova Pioneer Tatu City Assets Approved for Sale by Competition Authority

The Competition Authority of Kenya (CAK) announced on Wednesday its approval of a significant real estate transaction involving Heri Holdings Limited. The deal encompasses

January 18, 2024

Business·Education·TL

Ruto – We Are Working Smart To Address Youth Unemployment

By the Presidential Communication Service(PCS) The Government is deliberately implementing programmes and policies that will create jobs for the youth. President William Ruto said

January 18, 2024

Business·News·TL

Boost for Ruto as IMF Approves Ksh 110 Billion Loan

The IMF Executive Board recently authorized a substantial financial package for Kenya, amounting to approximately Sh109.8 billion ($685 million). This decision, announced on a

January 18, 2024

Business·News·TL

EACC Anti-Graft Operation Nabs Five Senior County Officials over Sh58 Million Fraud

The Ethics and Anti-Corruption Commission (EACC) is holding five suspects linked to corruption within the Isiolo County government. The arrests took place early Wednesday

January 18, 2024

Business·News·TL

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