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Business Daily Africa

Prepare for budget cuts, ministries warned

The cuts will accompany a freeze in both hiring and pay increases as well restrictions on new development project

Travel firm claims it is owner of Ruto city hotel land

Company says that being the registered owner of the parcel serves as conclusive evidence of ownership.

Revealed: Kenya’s most expensive mobile loans

Credit to buy electricity has annualised interest rate of 150 percent

Parliament seek insurance scheme for wildlife victims

A parliamentary committee wants the government to establish an insurance scheme to compensate victims of wildlife.

Pan-African lender dumps Nairobi for Kampala HQ

This deals a blow to Kenya as it denies Nairobi the benefits that come with hosting such top international organisations.

Experts fault State for SMEs credit crunch

400,000 firms close shop before their second year on funding difficulties.

Police consider insider job angle in Equity Moyale airstrip heist

Robbers made away with an unknown amount of money destined to Equity Bank’s Moyale branch.

StanChart in Sh20m search for tech startups run by women

StanChart has set aside Sh20 million to support this year’s search for women-led technology startups.

SBM Bank launches debit card for firms trading with China

SBM Bank Kenya will roll out a debit card that will ease online transactions for local firms importing goods from China.

Co-op Bank set to launch five new branches

Co-op Bank is set to open five new branches.

Bank employees given 6pc salary raise in new deal

The workers’ allowances will meanwhile be raised by 12 percent over two years.

How StanChart helped TransCentury post profit

Investment firm breaks loss-making streak after debt restructuring.

Surveyors fault new land compensation rules, call for review

Surveyors have faulted the new land compensation rules.

Cabinet approves Sh6.9bn for Naivasha dry port

Amount to be used to develop an inland container depot, railway marshalling yard, logistics zone and public utility area.

Kenya bans foreign adoptions

Cabinet orders streamlining of Child Welfare Society of Kenya's operations

Battle of billionaires for control of ARM Cement takes a new turn

PwC, which is acting as ARM administrator, did not accept the guarantee equivalent to 20 per cent of the Sh6.5 billion bid price from Mr Rai.

92 percent of firms ‘fail to pay corporate taxes’

Only a very small fraction of firms had filed their returns by the June deadline, tax man tells MPs amid missed targets.

Naivasha forum to discuss African smart cities

More than 500 experts are set to converge in Naivasha to discuss smart cities in Africa in the wake of increased urbanisation.

High taxes on digital economy will hinder growth, UN warns

The taxman will be targeting revenue generated in Kenya by global internet-based giants.

Why we have reason to worry about this Deepfake application

Deepfake is a method of audiovisual content manipulation using machine learning.

Sh20m centre to help firms keep hackers at bay

Increased adoption of digital transactions expose clients to theft of financial data.

Why Kenya is one of six countries driving Africa digital growth

There is need to create a conducive business atmosphere to reduce the high number of start-ups folding.

Billionaire Baloobhai buys Sh185m NIC stake

Baloobhai Patel has bought 6.6 million shares in NIC Group.

Tapping virtual reality tech to reduce death of infants

VR is now part of the undergraduate medical training curriculum in medical schools in Nairobi, Kampala and Kigali.

KBL targets female consumers with new Cider beer

KBL has launched a new brand of cider beer dubbed Sikera Apple.

Family Bank offers salary loans on phone

Employees can borrow up to 50 percent of their salaries via the PesaPap App.

Home Afrika buys 40-acre land from chairman Gitahi

The transaction is valued at tens of millions of shillings.

15 Mau eviction schools denied registration on land papers

The schools made inquiries on the registration requirements.

APs in Sh72m heist probe told to file torture claims with Ipoa

Chief Magistrate Francis Andayi said Wednesday that the officers' claims of having been tortured while in custody merited investigations by Ipoa.

Seized graft assets to be invested in State bonds

Luxury cars, homes and land confiscated from suspects linked to money laundering and corruption will be sold and cash used for social good
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