Latest from Capital Business

business13h ago

MPs revise Safaricom divestiture deal, shields employees

Members of Parliament have revised the government's plan to sell a portion of its stake in Safaricom PLC, introducing enhanced protections for employees and business partners in the multibillion-shilling transaction.

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business3h ago

KQ Chair Kiprono Kittony resigns from NSE Board

Kenya Airways (KQ) Board Chairman Kiprono Kittony has resigned from the board of the Nairobi Securities Exchange (NSE).

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business20h ago

Dusit Princess Hotel Residences Nairobi eyes muslims with Iftar buffet

The Dusit Princess Hotel Residences Nairobi is offering a special Iftar buffet to observe the holy month of Ramadan, targeting the Muslim community and corporate guests.

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business16h ago

MPs greenlight Sh4.7tn spending for 2026/27

Kenyan Members of Parliament (MPs) have approved the 2026/2027 Budget Policy Statement (BPS), a framework allowing for a total government spending of Sh4.7 trillion. This sets spending priorities and directs fiscal allocations for the upcoming financial year.

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business13h ago

Tanzanian tycoon acquires majority stake in Nation Media Group

Tanzanian businessman Rostam Azizi has acquired a majority stake in Nation Media Group (NMG), a leading East African media conglomerate, following the exit of the Aga Khan Fund for Economic Development (AKFED) after a 66-year investment.

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business13h ago

Volkswagen to cut 50,000 jobs as profits drop

Volkswagen has announced plans to cut 50,000 jobs in Germany by 2030 as its profits have dropped to their lowest point since 2016.

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business20h ago

Saudi Arabia’s Aramco says to maintain customer service as regional escalation causes shipping disruptions

Saudi Aramco CEO Amin Nasser has warned that regional military escalation is causing significant shipping and insurance disruptions, impacting global oil markets and the economy. The company is working to maintain customer service despite these challenges.

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business17h ago

Court clears auction of Tuju properties in Sh4.5bn loan dispute

The High Court of Kenya has authorized the auction of properties belonging to former Cabinet Secretary Raphael Tuju, dismissing a case that sought to halt the sale in a Sh4.5 billion loan dispute.

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business22h ago

Lobby seeks clarity on NTSA instant fines framework

The Motorists Association of Kenya (MAK) is seeking urgent clarification from the National Transport and Safety Authority (NTSA) regarding the legal and procedural aspects of its newly implemented instant traffic fines system.

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business21h ago

Tokyo stocks rebound as crude oil prices dip

Tokyo stocks saw a rebound on Tuesday, recovering some losses after a significant drop the previous day. This recovery was primarily driven by a retreat in crude oil prices.

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business21h ago

RBA clears KUSCCO Mutual Assurance to continue operations

The Retirement Benefits Authority (RBA) has renewed the operating license for KUSCCO Mutual Assurance Limited, permitting it to continue managing pension schemes.

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business20h ago

KRA deploys 350 body cameras at border points

The Kenya Revenue Authority (KRA) has deployed 350 body-worn cameras at border points nationwide to enhance transparency and accountability in customs operations.

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business1d ago

Faisal Islam: Trump comments may have eased oil price surge, but havoc remains

Oil prices experienced historic volatility, surging to $115 a barrel before a potential release of emergency stockpiles and comments from US President Donald Trump offered some relief, though prices remain elevated and supply chains are in disarray.

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business1d ago

Kenya Pipeline shares begin trading at NSE

Shares of Kenya Pipeline Company (KPC) commenced trading on the Nairobi Securities Exchange (NSE) on Tuesday, March 10, following a bell-ringing ceremony led by President William Ruto.

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business1d ago

China exports surge in first two months of the year despite Trump tariffs

China's exports experienced a significant surge of over 20% in January and February, defying trade tensions with the United States and setting the nation on pace to surpass its previous annual trade surplus record.

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business1d ago

KRA introduces body cameras for staff at JKIA

The Kenya Revenue Authority (KRA) has deployed body cameras for its officers at Jomo Kenyatta International Airport (JKIA) to boost transparency and accountability in passenger clearance.

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business1d ago

India faces cooking gas shortage

India is facing a significant shortage of Liquefied Petroleum Gas (LPG), impacting several regions, particularly in Karnataka and Maharashtra. Lawmakers are expressing serious concern over the supply disruptions.

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business1d ago

City Hall unveils Sh38bn water upgrade plan

Nairobi City County Government has launched a substantial Sh38.1 billion water and sanitation upgrade plan to enhance access to clean water and sewage infrastructure in the capital.

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business1d ago

Oil prices fall after Trump warns Iran over Strait of Hormuz

Oil prices experienced a significant drop following US President Donald Trump's strong warning to Iran against blocking the Strait of Hormuz, a vital shipping route for global energy supplies.

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business1d ago

Why global technology and BPO firms are scaling in Kenya

Global technology and Business Process Outsourcing (BPO) firms are increasingly scaling operations in Kenya, driven by a convergence of digital readiness, talent availability, infrastructure, and policy alignment. As Kenya prepares to host the Kenya International Investment Conference (KIICO), the country is being recognized as a credible base for globally integrated services.

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business1d ago

The financial system is being rebuilt

The global financial system is undergoing a fundamental transformation driven by blockchain technology and digital assets, creating a unique opportunity to rebuild financial infrastructure for the next era.

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business1d ago

CMA, Afri Fund Capital sign MoU to boost infrastructure financing

The Capital Markets Authority Kenya (CMA) has partnered with Afri Fund Capital through a Memorandum of Understanding (MoU) to boost infrastructure financing in Kenya using capital market products.

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business1d ago

G7 to take ‘necessary measures’ to support energy supplies

G7 nations have pledged to take "necessary measures" to support global energy supplies amidst soaring oil prices triggered by the US-Israel conflict with Iran. A meeting of G7 finance ministers and the International Energy Agency (IEA) concluded without an immediate agreement to release strategic crude reserves.

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business1d ago

12 Kenyan firms ranked among Africa’s top 500 brands

A recent report by The Africa Report has recognized 12 Kenyan companies among Africa's top 500 firms based on profit and turnover.

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business1d ago

Bahrain’s oil company Bapco declares force majeure following explosion

Bahrain's national oil company, Bapco Energies, has declared a force majeure on its operations following an Iranian drone attack on its refinery early Monday morning. While local demand remains secured, the attack resulted in civilian injuries.

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business1d ago

Asia governments to cap fuel prices as oil costs jump

Asian governments are moving to cap fuel prices in response to surging global oil costs, exacerbated by the US-Israel war with Iran. Crude oil prices have surpassed $100 a barrel amidst concerns of Middle East energy supply disruptions.

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business1d ago

License cancellation for Moi University Sacco reversed

The Commissioner for Co-operative Development has reversed the cancellation of the licence for the Moi University Savings and Credit Co-operative Society (MUSCO), which was initially revoked on June 30, 2018.

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business1d ago

Angela Gichuki: Driving digital transformation in Kenya’s hospitality industry

Angela Gichuki, IT Director at Hemingways Hospitality, is spearheading the digital transformation within Kenya's hospitality industry, integrating technology to enhance guest experiences and operational efficiency.

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business2d ago

Stock markets slump as oil prices surge over Strait of Hormuz fears

Global stock markets have significantly declined, with oil prices surging above $100 a barrel due to escalating fears of supply disruptions through the Strait of Hormuz amid the ongoing US-Israeli conflict with Iran.

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business2d ago

Ruto signs Infrastructure Fund law to unlock Sh5tn development plan

President William Ruto has signed into law the National Infrastructure Fund (NIF) Bill, 2026, a significant move to finance large-scale development projects through an investment-led approach.

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