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Category: Business / Finance

Excitement Flares as affordable housing Project beneficiaries get keys
Business / Finance East Africa Kenya

Excitement Flares as affordable housing Project beneficiaries get keys

Kevin SeweMay 16, 2025

At the heart of Mukuru kwa Njenga, 52-year-old Obed Matongo walks majestically while displaying a smiley facial expression as he…

Knight Frank: Self-Made Wealth Reshapes Kenya’s HNWI Investment Landscape in 2025
Business / Finance East Africa Kenya

Knight Frank: Self-Made Wealth Reshapes Kenya’s HNWI Investment Landscape in 2025

Kevin SeweMay 14, 2025May 14, 2025

Self-made wealth is increasingly driving investment decisions among Kenya’s High Net-Worth Individuals (HNWIs) in 2025. This is according to the…

UK Unemployment Hits Highest Since 2021
Business / Finance International

UK Unemployment Hits Highest Since 2021

Wadh KassimMay 13, 2025

Analysts said the data would likely see the Bank of England cut its key interest rate a further two times this year, having reduced borrowing costs twice already in 2025.

Nissan Posts $4.5 Billion Annual Net Loss, Says to Cut 20,000 Jobs
Business / Finance International

Nissan Posts $4.5 Billion Annual Net Loss, Says to Cut 20,000 Jobs

Wadh KassimMay 13, 2025

Nissan reported a net loss of 671 billion yen for 2024-25 but did not issue a net profit forecast for the financial year that began in April. It did say, however, that it expects sales of 12.5 trillion yen in 2025-26.

Emirates Airline Group Announces Record $6.2 bn Gross Profit
Business / Finance International

Emirates Airline Group Announces Record $6.2 bn Gross Profit

Wadh KassimMay 8, 2025

The 18 percent rise in profit, based on strong customer demand, slimmed to $5.6 billion after the UAE’s recently introduced corporate tax, which was applied for a full financial year for the first time.

Trump Signs Executive Order to Cut NPR, PBS Public Funding
Business / Finance International

Trump Signs Executive Order to Cut NPR, PBS Public Funding

Mwanzo EditorMay 2, 2025May 2, 2025

US President Donald Trump signed an executive order on Thursday seeking to cut public funding for NPR and PBS, accusing the news outlets of being biased.

Meta Releases Standalone AI App, Competing With ChatGPT
Business / Finance International

Meta Releases Standalone AI App, Competing With ChatGPT

Mwanzo EditorApril 29, 2025April 29, 2025

The new application also replaces Meta View as the companion app for Ray-Ban Meta smart glasses, allowing conversations to flow between glasses, mobile app and desktop interfaces, the company said.

Government of Kenya suspends all forms of gambling advertisement for 30 days
Business / Finance East Africa Kenya

Government of Kenya suspends all forms of gambling advertisement for 30 days

Kevin SeweApril 29, 2025April 29, 2025

The government of Kenya has suspended all gambling advertisements and testimonials across all media platforms for 30 days. On Tuesday,…

Spotify Pays $100 Million to Podcasters in First Quarter
Business / Finance Entertainment International

Spotify Pays $100 Million to Podcasters in First Quarter

Wadh KassimApril 28, 2025

The payout includes ad-based revenue and audience-driven earnings from Spotify Premium video engagement, allowing creators to monetize their content across multiple formats.

Trump claims China’s Xi Called him on Tariffs
Business / Finance International

Trump claims China’s Xi Called him on Tariffs

Mwanzo EditorApril 25, 2025April 25, 2025

US President Donald Trump has insisted Chinese leader Xi Jinping called him despite Beijing denials of any contact between the two countries over their bitter trade dispute.

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