Business News

Housing project. Photo/File Mutwiri Muriithi @mutwirimuriithi The government has been urged to embrace Pubic Private Partnerships (PPP’s) while developing housing projects to address shortage of affordable houses. This emerged during a technical training organised by Pan African housing development financier, Shelter Afrique...

Reuters 25th Apr 2019 00:00:00 GMT +0300 Tanzania President John Magufuli addresses a joint press conference at State House in Nairobi. Tanzania on Tuesday denied blocking the publication of a critical International Monetary Fund report that accuses President...

  The listing of online marketplace Jumia at the New York Stock Exchange stirred debate on the extent to which it is an African company that should qualify for the grand reception that it has received and its perceived benefit...

Jeane Ongiyo As world leaders settle for the 2nd Belt and Road Forum starting in Beijing, China today, they have an opportunity to gauge perceptions of the much-publicised Belt and Road Initiative (BRI), which focuses on improving connectivity and enhancing common development. Though the BRI aims to boost trade...

  Diamond Trust Bank (DTB) has partnered with SWIFT to streamline cross-border payments by providing real-time payments tracking and transparency on transaction fees and foreign exchange rates.DTB, which operates in Kenya, Burundi, Tanzania and Uganda, will be the first East...

  African Ecommerce platform Jumia has partnered with Reckitt Benckiser (RB) ahead of World Malaria Day to help eradicate malaria through reduced prices and free delivery of Reckitt Benckiser products on Jumia. RB a multinational consumer goods company will see...

Oppo brand all stars Samuel Muraya popularly known as Dj Mo (right), singers Kambua Manundu and Judith Nyambura (centre), who goes by the stage name Avril during the official launch of the OPPO F11 Pro smartphone. FILE PHOTO | NMG  ...

Pro Coach David Opati (Orange Cap) taking 8th Cohort through the chipping session at Windsor Golf and County Club (PHOTO; Courtesy) Golf is a popular fast growing sport on the African continent, particularly Kenya. The early European settlers keen on the game left...

Kenya requires more than 250,000 housing units every year to meet the demand/FILE By SHEILA NYAMBURA, NAIROBI, Kenya 24th Apr – The government has pledged support for Technical Vocational Education and Training Institutions (TVETs) to ensure the youth have the requisite skill for provision of various construction services....

An artistic impression of JKIA-Westlands expressway. With Kenya's debt set to hit Sh7 trillion by 2022, the Government is turning to private public partnerships (PPP) to build major infrastructure projects in the country.  The PPP model of financing marks a shift...

London-based online e-commerce platform goAfrica is known to focus on business to business customers/goafrica.com By JULIE OWINO, NAIROBI, Kenya, Apr 24 – Buyers from across Africa will now be able to buy and pay for goods from merchants located in various markets in a fast, convenient and secure...

The most popular careers in Kenya and Uganda can now be revealed after IT Skills gap Report by the Nairobi Tech Week was launched Wednesday. Software developer jobs are in highest demand in the country, with over 50 per cent of job postings being in midlevel job category. “Only two...

Nairobi securities Exchange (NSE) trading floor (BEVERLYNE MUSILI) NAIROBI, KENYA: Investors are subconsciously prone to behavioral biases that influence their investment decisions and majority to negative results. The effect of emotions in investing has for long been an ignored area that...

KISII, KENYA: A Government Multi-agency task force has started demolishing over 200 buildings constructed along with riparian land in Kisii town. The demolitions will have more than five major hotels built along the area; River Nyakomisaro brought down in the next five days. Several tenants...

Billions of dollars’ worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East – a gateway to markets in Europe, the United States and beyond – a Reuters analysis has found. Customs data shows that the UAE imported $15.1 billion...

Nairobi Governor Mike Sonko (PHOTO: FILE) NAIROBI, KENYA: Nairobi Governor Mike Sonko has told a Senate Committee that he is still consulting on the best person to appoint as his deputy, a year after the exit of Polycarp Igathe. In a...

Housing principal secretary Charles Hinga. FILE PHOTO | NMG  A top government official has said beneficiaries of the President Uhuru Kenyatta’s housing levy fund will be picked through a lottery system.During an interview with Citizen TV on Tuesday night, Housing...

XN Iraki 24th Apr 2019 11:21:01 GMT +0300 Nairobi’s Westlands was once a sleepy green suburb with bungalows and trees. It has undergone a major transformation in the last decade with landmark buildings like Sankara Hotel, Westgate, the...

Xinhua 24th Apr 2019 10:48:01 GMT +0300 Chinese President Xi Jinping delivers a keynote speech at the opening ceremony of the Belt and Road Forum (BRF) for International Cooperation in Beijing, capital of China, May 14, 2017. (Xinhua/Ma Zhancheng) ...

Subsidised fertiliser at the National Cereals and Produce Board depot in Eldoret. PHOTO | JARED NYATAYA  A newly appointed chief executive of the National Cereals and Produce Board (NCPB) has not assumed office four months after he was selected, citing...

“There is no point of importing things we can make here,” said Matiangi/CFM NEWS By CORRESPONDENT, KITUI, Kenya, Apr 24 – The government fully supports the Kitui textile factory, Interior Cabinet Secretary Fred Matiangi has said....

Xinhua 24th Apr 2019 10:28:21 GMT +0300 A new study showed that global warming might worsen economic inequality in the world since the 1960s. The study published on Monday in the Proceedings of the National Academy of Sciences revealed...

A Maasai giraffe walks in Nairobi National Park, Kenya, on November 21, 2018. FILE PHOTO | AFP  The cash-strapped Kenya Wildlife Service (KWS) has invited investors to develop and manage more than 20 of its hospitality establishments, including luxury lodges,...

Kenya Revenue Authority Headquarters in Nairobi (PHOTO: File) NAIROBI, KENYA: The Kenya Revenue Authority (KRA) has hit a technical snag in its efforts to collect taxes amounting to more than Sh2.7 billion per month accruing from betting wins following a court order...

  Okolea loan app, which provides instant loans to Kenyans to cater to both business and personal financial needs, has launched a direct-to-bank option that will see borrower’s cash credited to their accounts. Okolea customers previously only got their loans...

Downing Street declined to comment on the newspaper report/AFP By AGENCE FRANCE PRESSE, London, United Kingdom, Apr 24 – British Prime Minister Theresa May has given the go-ahead for China’s Huawei to help build a 5G network, shrugging off security warnings from senior ministers and Washington, the Daily...

KWALE, KENYA: The County Government of Kwale has denied ever-authorising sand mining in the Diani ocean waters. This latest move has deepened controversy over industrial-scale sand mining off Diani beach by the Kenya Ports Authority (KPA). The harvesting is being carried out by a foreign company...

Reuters 24th Apr 2019 09:30:27 GMT +0300 Tanzania aims to have six times its current power generation capacity by 2025 through investment in thermal and renewable energy, deputy energy minister Subira Mgalu told parliament on Tuesday. The country boasts...

The Government is unable to process birth certificates as a result of a paper shortage. This has complicated matters, especially for parents whose children need to join school. Death certificates, which are a requirement for families to carry out services such as transfer...

Equity chief executive James Mwangi. FILE PHOTO | NMG  Equity Group #ticker: invested an additional Sh1 billion in its Tanzanian banking subsidiary last year when the regulator in that market introduced new prudential rules that put a strain on lenders’...