China’s gross domestic product (GDP) posted a growth of 5.2 percent year on year to 126.06 trillion yuan ($17.71 trillion) in 2023, higher than the target of around 5 percent, data from the National Bureau of Statistics (NBS) showed Wednesday. China’s economy in 2023 grew by over 6 trillion yuan, equivalent to the annual GDP […]
The Government is deliberately implementing programmes and policies that will create jobs for the youth. President William Ruto said there is need for urgent, intentional and strategic measures to address unemployment in the country. He said the Government has identified the Affordable Housing Programme, digital jobs and export of labour as some of the programmes […]
Dr. Majid Twahir, Associate Dean Research & Innovation at Strathmore University (seated left) and, Mr. Tirus Mwithiga, Group Director Retail NCBA (Seated Right) sign a MoU to further enhance their partnership through the Owner Manager Programme (OMP), a Programme for mid-sized companies in East Africa. Looking on are Dr Hellen Otieno, Academic Director, Enterprise Development […]
President William Ruto visited the Swahili Village Restaurant in New Jersey, United States, on Sunday, September 17, where he expressed his pride in Kenyans engaged in business abroad. “We are very proud as Kenyans. I am a very proud Kenyan leader. You have come all the way and hustled your way through the states,” President […]
A city tycoon was on Thursday, September 21, 2023, charged in Milimani Law court with conspiracy to defraud beneficiaries of a five-storey building along Latema Road in Nairobi county worth Ksh230 million. Appearing before Chief Magistrate Susan Shitubi, the businessman Nilesh Jayantilal Lalji Kotedia the Trustee of Lalji Mulji Jetha Trust Deed faced three charges […]
Former Family Bank Chief Commercial Officer Kenneth Kaniu has asked the High Court to award him Sh717 million, claiming the lender ruined his career after allegedly authoring a damning report before kicking him out. In his case before Justice Lawrence Mugambi, Kaniu narrates that he was hired by the lender on December 24, 2021, following a […]
Majid Al Futtaim, the operator of Carrefour’s supermarket franchise in Kenya, has seen its business model brought under the spotlight again after it was slapped with a record Sh1.1 billion fine by the competition watchdog on Tuesday. The retailer’s operating model of demanding substantial discounts from suppliers first came to light in April 2019 when […]
The Rwanda Food Drug Authority (RFDA) has recalled a Kenyan Pharmaceutical from its stores and this is not the first time the same action is being taken against drugs from the same Kenyan company. According to RFDA, four bulk batches of pink Fluconazole 200mg tablets imported into the country had a white discoloration. “Reference is […]
In a bombshell statement by WorldRemit CEO Ismail Ahmed he tells paid agents and trolls from Somalia “you only contribute to 0.3% of my business so boycott away.” Over the past few days Somalia has waged a campaign against one of the most successful business men who hail from the Somaliland. Ismail the 2020 most […]
Kenya Airways appears to have been hit by a cyberattack by Ransomexx ransomware group on December 30, 2023 leading to a massive data leak including highly sensitive and confidential data that they uploaded on the dark internet. The airline, which plays a crucial role in connecting African nations to the rest of the globe, now […]
A technology specialist in one of the banks in the country has been accused of revealing the secret of the account of a customer who lost Sh2.2 million. Mr Simon Sirere Seno, a technology affairs officer at the Cooperative bank, was charged together with Harrisson Mwaura Njoroge for stealing Sh2.2 million from Mrs Nancy Nyambura […]
Global software giant SAP has agreed to pay more than $220 million to settle bribery charges involving government officials around the world. The money and gifts, typically routed via outside business consultants, were intended to help win business in Kenya, South Africa, Indonesia and elsewhere, according to US officials.The schemes allegedly operated from at least […]
