Business Barometer

1 month ago

Italian wine’s event returns to Nairobi

The second edition of the Gambero Rosso Top Italian Wine Roadshow in Nairobi concluded on Thursday, January 30, at the Shamba Village in Loresho. Organized by International Wine Consultants, VinPodium, and local business partner, Victoria Mulu-Munywoki, Wine Consultant, Judge and…

BUSINESS·SPONSORED

2 months ago

Absa, International Trade Centre to give women entrepreneurs access to financing

In the framework of the SheTrades Commonwealth+ Programme, which is funded by United Kingdom (UK) International Development, the International Trade Centre is collaborating with Absa Bank Kenya, the host institution of the SheTrades Kenya Hub, to launch the Access to…

NEWS

2 months ago

CMC Motors shuts down operations in Kenya, Tanzania and Uganda

CMC Motors Group is shutting down its operations in Kenya, Tanzania, and Uganda, ending its four decades of business in the region thanks to sharp economic pressures. The company, acquired by Dubai-based Al-Futtaim Group in 2014, attributes the decision to…

Seven parliamentary Bills to help accelerate economic transformation

President William Ruto has signed seven parliamentary Bills that seek to accelerate the implementation of the Bottom-Up Economic Transformation Agenda. They are Kenya Revenue Authority (KRA) – amendment – Bill 2024, the Kenya Roads (Amendment) Bill 2024, the Ethics and…

3 months ago

Politics

Sanlam Kenya plans a Sh3.25bn rights issue

Listed non-bank financial services firm, Sanlam Kenya Plc, is set to improve its financial position after shareholders approved the Sanlam Kenya Rights Issue through which it seeks to raise a Sh3.25 billion. The company’s shareholders attending an Extra-Ordinary General Meeting…

3 months ago

BUSINESS

For Africa Centre for Open Governance, Kenya is on the wrong track

Kenyans believe the country under President William Ruto’s leadership is heading in the wrong direction, as revealed by the Africa Centre for Open Governance (AfriCOG) in its final report of 2024 titled “Wrong direction Corruption in Kenya 2022-2024.” The report details…

3 months ago

Politics

World Bank launches a $100bn fund for poor countries

The World Bank has raised close to $24 billion to provide loans and grants for some of the world’s underdeveloped nations, which it can leverage to generate a record $100bn in total spending power. Donor countries committed $23.7bn to replenish…

3 months ago

NEWS

Carrefour opens business school in Kenya

Majid Al Futtaim, the operator of Carrefour in Kenya, has taken a deliberate step to nurture the next generation of retailers by opening its first business school in Nairobi. Located at Two Rivers Mall, this initiative is set to upskill…

3 months ago

BUSINESS

Premier Bank, Mastercard jointly launch Shari’ah compliant solutions

Premier Bank has partnered with Mastercard to introduce a collection of Shari’ah-compliant debit, credit, and prepaid cards. The fresh Premier and Mastercard suite will offer features including contactless payments and global acceptance, while also ensuring that all customers can access…

3 months ago

BUSINESS

Minor to Debut in Zimbabwe, Launches Anantara Stanley & Livingstone Victoria Falls Hotel

Minor Hotels, an international hotel owner, operator and investor with more than 550 hotels in 56 countries in Asia Pacific, the Middle East, Africa, the Indian Ocean, Europe and the Americas, has added Anantara Stanley and Livingstone Victoria Falls Hotel…

3 months ago

BUSINESS

Leicester sign van Nistelrooy as manager

Leicester City hired Ruud van Nistelrooy as their manager on Friday following his impressive spell as interim coach at former club Manchester United, which included two wins over his new team. The 48-year-old van Nistelrooy joined on a deal until…

3 months ago

Sports

Nairobi Expressway records Sh1.2bn loss

The Nairobi Expressway has posted a loss of Sh1.2 billion between July 2023 and June 30, 2024, despite an increase in traffic and higher toll fees. Latest data from the Treasury shows the expressway generated revenue valued at Sh4.6 billion…

3 months ago

BUSINESS

We are using tech and innovation to create jobs – President Ruto

The government is using technology and innovation to create jobs and tackle the unemployment challenge in the country, President William Ruto has said. He said not only will innovation scale up investments, but also position Kenya as a global innovation…

3 months ago

TECH

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Business Barometer

Italian wine’s event returns to Nairobi

Absa, International Trade Centre to give women entrepreneurs access to financing

CMC Motors shuts down operations in Kenya, Tanzania and Uganda

Seven parliamentary Bills to help accelerate economic transformation

Sanlam Kenya plans a Sh3.25bn rights issue

For Africa Centre for Open Governance, Kenya is on the wrong track

World Bank launches a $100bn fund for poor countries

Carrefour opens business school in Kenya

Premier Bank, Mastercard jointly launch Shari’ah compliant solutions

Minor to Debut in Zimbabwe, Launches Anantara Stanley & Livingstone Victoria Falls Hotel

Leicester sign van Nistelrooy as manager

Nairobi Expressway records Sh1.2bn loss

We are using tech and innovation to create jobs – President Ruto

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