Elon Musk’s Starlink now faces accusations of predatory pricing to lure customers against competitors in the…
Category: Business
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Kenya’s Diaspora Remittances Skyrockets to Record Sh56.2 Billion in October
Kenyan diaspora remittances has hit a new monthly record of $437.2 million, equivalent to Ksh.56.2 billion,…
Deductions for SHIF and Housing Levy Impacts Hefty Payslip Cuts on Workers
New statutory deductions for Kenya’s Social Health Insurance Fund (SHIF) and housing levy have pushed workers’…
I&M Group PLC Records 24% Growth in Profit Before Tax for Q3 2024
I&M Group PLC has recorded 24% growth in profit for the year 2024, before taxation, equivalent…
CBK Mounts Pressure on Commercial Banks to Reduce Lending Rates
The Central Bank of Kenya (CBK) is mounting more pressure on commercial banks to reduce borrowing…
Equity Group Holdings and DEG Launch German Desk to Promote Trade
Equity Bank Limited Group Holdings Plc and DEG-Deutsche investitions-und EntwicklungsgesellschaftmbH, the German Development Finance Institution, have…
Bolt Operations to Pay Driver Ksh.500k as Compensation for Infringing Rights
The Office of the Office of the Data Protection Commissioner (ODPC) has ruled against Bolt Operations…
Huawei Partners MTN to Launch First 5.5G in South Africa
MTN South Africa and Huawei have achieved a milestone in African telecommunications by completing the continent’s…
Google Picks Six South African Startups for 2024 Black Founders Accelerator Program
Google has announced the six startups selected for the 2024 Google for Startups Accelerator Africa, Black…
Gerald Nyaoma Appointed as Second Deputy Governor of the Central Bank of Kenya
Central Bank of Kenya (CBK) has faced several changes following President William Ruto’s recent nominations. Gerald…