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Business Daily
Site URL: www.businessdailyafrica.com/bd
Feed URL: www.businessdailyafrica.com/service/rss/bd/1939132/feed.rss
Posts: 36
Followers: 1
How AI is teaching banks to read customers’ mind
Published: June 14, 2026 16:52
Global IT firms like Salesforce, NTT Data, Oracle and Microsoft have built tools that use AI, data and automation to cut costs, understand customers better, sell more products and improve decision-making.
Kenya primed to reclaim edge as Africa’s aviation hub sprint intensifies
Published: June 14, 2026 16:36
Kenya’s aviation sector is abuzz with activity amid upgrades to the main Jomo Kenyatta International Airport(JKIA) and maneuvers by airlines including fleet expansion and partnerships with major global airlines.
The founder who lost his company: Bharat Thakrar's long fight for Scangroup
Published: June 14, 2026 15:59
The father of two founded Scanad Marketing Ltd in 1982 and painstakingly grew it into one of East Africa's most influential advertising agencies.
Kemsa set for Sh20.9bn to fill donor-funded supplies gap
Published: June 14, 2026 15:48
The funding boost comes at a critical moment for the State drug supplier, which has been grappling with cash flow constraints, mounting debts, delayed deliveries and chronic stock shortages in public health facilities.
Scangroup commits Sh1.4bn long-term loan to parent firm
Published: June 14, 2026 15:41
ScanGroup says in its 2025 annual report that the long-term loans recoverable from WPP had a gross value of Sh1.49 billion at the end of last year.
Industrialists win major tax breaks on top-grade ethanol
Published: June 14, 2026 15:27
Extra Neutral Alcohol is the primary ingredient used in the manufacture of spirits such as vodka, gin, whisky and other distilled alcoholic drinks.
Agricultural insurance to be offered separately amid rising climate risks
Published: June 11, 2026 20:21
Insurance penetration in Kenya remains below three percent of gross domestic product, with agricultural coverage accounting for only a tiny fraction of total insured risks despite farming remaining a critical economic sector.
State turns to private capital in Sh647bn infrastructure push ahead of 2027 elections
Published: June 11, 2026 20:11
The government is also planning to develop the Nairobi–Mombasa Expressway and the Mau Summit–Eldoret–Malaba Highway under similar arrangements.
Small lenders given three more years to meet core capital rule
Published: June 11, 2026 19:43
The declaration by the National Treasury comes a day after the Central Bank Kenya (CBK) declared the deadlines were not being extended.
ICT allocation drops to Sh8.6 billion in Budget
Published: June 11, 2026 19:36
The latest allocations come as the government continues to push its Digital Superhighway agenda aimed at expanding broadband access and digitising public services and increasing digital inclusion across the country.
Consolidated and Credit Bank breach insider loans rule
Published: June 11, 2026 16:08
The Central Bank of Kenya (CBK) mandates lending to directors and employees not to exceed a bank's core capital in order to prevent conflict of interest and overexposure to insiders.
Central Bank Governor on making policy decisions under uncertainty
Published: June 11, 2026 15:55
'We don’t see much inflation coming from what has been proposed in the Finance Bill. So yes, we don't see an impact on inflation coming from the Finance Bill.'
Manufacturing and ICT hit as growth forecast cut to 4.9pc
Published: June 11, 2026 15:37
The Kenyan economy grew at a slow rate of 4.6 percent last year from 4.7 percent in 2024 on lower-than-expected output from the agriculture sector, which represents one-fifth of gross domestic product.
Chef Seby’s creamy chicken gravy recipe
Published: June 11, 2026 13:28
Chef Seby Onyango shares a rich, comforting chicken gravy recipe that turns simple ingredients into a flavour-packed meal perfect for any occasion.
Fallouts from Middle East crisis limit CBK fiscal policy options
Published: June 10, 2026 15:57
CBK’s core mandate entails maintaining price stability in the economy and has a set inflation target ranging from 2.5 percent to 7.5 percent.
How a Kenyan entrepreneur turned ice cubes into a six-figure monthly business
Published: June 10, 2026 15:26
A simple ice cube has become a profitable business, with entrepreneurs supplying bars, restaurants and retailers while earning six-figure monthly profits.
The pain of Sh1.1trn budget funding deficit
https://www.businessdailyafrica.com/bd/economy/the-pain-of-sh1-1trn-budget-funding-deficit-5491734
Published: June 10, 2026 15:00
The deficit has persisted despite repeated promises of fiscal consolidation, reflecting insistent pressure from debt repayments, salaries, infrastructure spending and other recurrent government operations.
KRA targets employers over Sh100bn Affordable Housing Levy default
Published: June 10, 2026 14:52
The Affordable Housing Levy Fund Act 2024 requires employers to deduct 1.5 percent of employees’ salaries and match the same for the construction of affordable housing units.
Brookside farmers get Sh255m bonus in first half-year
Published: June 10, 2026 13:44
The reward, which is in addition to payments made for milk deliveries, aims to mainstream clean milk production.
Microfinancier ordered to refund Sh150m on botched guarantee scheme
Published: June 10, 2026 13:32
The court upheld a deed of guarantee signed on November 12, 2012 between the Youth Enterprise Development Fund Board and Indo Africa Ltd under the Fund's Credit Guarantee Scheme.
Healthcare firm lines up Sh601m specialist cancer centre in Nairobi
Published: June 10, 2026 13:24
The project comes at a time when cancer continues to pile pressure on the already strained oncology infrastructure in the country.
Physiotherapy becomes Kenya’s most popular university course
Published: June 9, 2026 17:58
Physiotherapy is attracting more Kenyan students as demand and career opportunities grow globally.
Ex-Scangroup CEO bid to oust board at AGM flops on investors snub
Published: June 9, 2026 16:25
Mr Thakrar, the founder of ScanGroup, exited the firm in 2021 following a fallout and has sued the firm and its parent company, WPP Group, for $£24 million (Sh4.22 billion), citing irregular removal.
State lines up Sh7.5n soft loans for vehicle assemblers
Published: June 9, 2026 14:53
The three-year programme is aimed at supporting Kenya’s goal of becoming a regional automotive manufacturing hub.
Court stops CMA summons against Kakuzi directors pending ruling
Published: June 9, 2026 14:46
The court held that the directors and the company had failed to demonstrate any violation of their constitutional rights and fundamental freedoms to warrant judicial intervention.
Court backs elite school for firing official over sexual harassment
Published: June 9, 2026 14:34
The court found that the school had valid reasons to terminate his employment after multiple complaints emerged against him and that it followed the procedures required under employment law before reaching its decision.
Mbadi shields auditors in push to guard county funds
Published: June 9, 2026 14:26
An internal auditor plays a critical role in a corporation by evaluating financial controls and record-keeping processes for accuracy, efficiency, and compliance with relevant laws and regulations.
Kenya wants to sell data, here’s what it can’t sell and why
Published: June 9, 2026 14:11
Selling citizens’ personal information would likely violate several core principles of data protection, including purpose limitation, fairness and lawful processing.
Tribunal backs KRA tax demands from dividend payouts in dispute
Published: June 9, 2026 13:48
KRA argued that although KenGen paid taxes on rental income, interest income and other miscellaneous income, it paid no tax on its principal business income because of substantial capital allowance claims.
Uber seeks courier licence in Kenya logistics expansion
Published: June 8, 2026 16:09
Uber’s entry into the courier business is set to pile fresh pressure on Posta, which has in recent years struggled to remain afloat as declining letter volumes, mounting losses and rising competition reshape Kenya’s delivery market.
MPs query Treasury’s ‘rushed’ Sh400m office building repairs
Published: June 8, 2026 15:51
Molo MP Kuria Kimani, who chairs the Finance and Planning Committee, said executing costly structural renovations on a property before finalising the acquisition exposes public funds to risk.
Landowner wins Sh909m payout for Nairobi Southern Bypass asset
Published: June 8, 2026 15:35
The court warned that the NLC chairman and chief executive could face contempt proceedings if the commission fails to comply with the payment order.
Old Mutual to clean balance sheet, resume dividend payout
Published: June 8, 2026 15:13
Old Mutual becomes the second insurer this year to use share premium to clear its accumulated losses.
Stanbic mulls startup entry in Addis to beat ownership limit
Published: June 8, 2026 15:02
In March 2025, Ethiopia’s Central Bank issued a Business Proclamation 136 ushering in the liberalisation of the country’s banking sector through allowing foreign institutional and foreign national investments into Ethiopia.
Life philosophy shaped by a 2,000-plant garden
Published: June 8, 2026 14:48
In 2021, her gardening story was interrupted. She broke her leg in a road accident, and while she was recovering, almost all of her plants died.
What recent matatu strike revealed about state of Kenya’s remote work readiness
Published: June 8, 2026 14:32
The transport strike not only tested workers, but also the organisations they work for.