Sunday, July 31, 2022

Maajabu ya ukuta mrefu zaidi duniani


By Ephrahim Bahemu

China. Maeneo mengi ya nchi ya China hivi sasa hali ya hewa ni joto, katika mji mkuu wa nchi hii, Beijing muda mwingi ni zaidi ya nyuzi joto 31, wakati mwingine hufika hadi 38, wenyeji wanasema kuna wakati linaweza kufika hata nyuzi joto 40.

Kombora la mwisho la Ally Hapi kwa vigogo CCM


Aliyekuwa Mkuu wa Mkoa wa Mara, Ally Hapi

By Peter Saramba
By Beldina Nyakeke

Mwanza/Tarime. Uongozi wa Serikali na CCM Mkoa wa Mara umetangazia kiama wote wanaodaiwa kujihusisha na mtandao wa wizi wa mawe ya dhahabu kutoka mgodi wa Barrick North Mara ulioko eneo la Nyamongo wilayani Tarime.

Rais Samia atengua uteuzi wa RC Mara, ateua mpya

chegeni pic

Dk Raphael Chegeni

By Mwandishi Wetu

Dar es Salaam. Siku tatu baada ya Dk Raphael Chegeni, kuteuliwa kuwa Mkuu wa Mkoa wa Mara, uteuzi wake umetenguliwa.

Kenya exports Sh220m worth of miraa to Somalia in four days


Vendors sell Miraa at Hola centre in Tana River County. PHOTO | STEPHEN ODUOR | NMG

By GERALD ANDAE More by this Author

Kenya exported miraa (khat) worth Sh221 million in four days since the resumption of the Somalia market, highlighting the significant role that the commodity is playing in the economy.

What Web3 promises Africa


It is a common misconception to use blockchain and cryptocurrency interchangeably. Cryptocurrency is a blockchain scion that receives more than its fair share of attention.

StanChart, I&M loans ranked most expensive


Standard Chartered Bank branch on Kenyatta Avenue in a picture taken on January 3, 2020. PHOTO | SALATON NJAU | NMG

By CHARLES MWANIKI More by this Author

I&M Bank and Standard Chartered have the highest cost of credit among tier-one lenders in Kenya, with external or third-party charges proving a key differentiator in the cost of loans among the large banks.

Shrinkflation: Why sizes of products are shrinking


A customer shops for dairy products at Naivas supermarket in Nyeri. PHOTO | JOSEPH KANYI | NMG

By BRIAN NGUGI More by this Author

Kenyan manufacturers are quietly downsizing their packages and product sizes without lowering prices as they embrace shrinkflation in the wake of sharp rice in cost of production.

Airtel saves Sh2.5bn on taxes as earnings improve


Airtel Kenya Ltd headquarters located along Mombasa Road. PHOTO | DENNIS ONSONGO | NMG


Airtel’s Kenya business has saved $21 million (Sh2.5 billion) in taxes after making the initial recognition of a deferred tax credit on its books, helping its parent firm Airtel Africa to grow its earnings by 25 percent in the quarter ended June 2022.

NSE rebounds from first half dip on race for cheap shares


Nairobi Securities Exchange (NSE) on the trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG

By ELIZABETH KIVUVA More by this Author

The Nairobi Securities Exchange (NSE) has rebounded from a dreadful first half of 2022 as easing rate rise expectations in the US and scramble for falling stocks fuelled a rally in July.

90 percent of firms did not pay corporate taxes


Times Tower in Nairobi, the headquarters of Kenya Revenue Authority (KRA). Picture taken on Thursday, October 15, 2020. PHOTO | DENNIS ONSONGO | NMG


Nine in 10 companies operating in Kenya did not pay taxes in the year to June, pointing to widespread avoidance that leaves a few firms to shoulder the burden of funding the government.

Microfinance bank cedes stake to US firm


Central Bank of Kenya. [Jenipher Wachie, Standard]

US-based fintech company UMBA has acquired a majority stake in Daraja Microfinance Bank (Daraja MFB).

Survey shows CEOs optimistic even as business activities dip

A hawker displays his commodities at a kiosk in Nairobi's Kayole slum. [Denish Ochieng, Standard]

Kenyan businesses reported subdued performance in the third quarter of the year as they struggled against the high cost of living, a survey by the Central Bank of Kenya (CBK) has shown.

Egypt protests Ethiopia plans to fill mega Nile dam for third year


The Grand Ethiopian Renaissance Dam in Guba, Ethiopia. FILE PHOTO | AFP


Egypt said it had protested to the UN Security Council Friday against Ethiopian plans to fill the reservoir of a controversial Nile dam for a third year without agreement from downstream countries.

Bin Laden family donated £1 milion to Prince Charles charity

Prince Charles

Britain's Prince Charles, Prince of Wales. PHOTO | FILE


Prince Charles, the heir to the British throne, accepted a £1 million ($1.19 million, 1.21 million euro) donation to his charitable trust from the family of 9/11 mastermind Osama bin Laden, The Sunday Times reported.

Pay rise was meant to improve low income earners' welfare, says Premier

Majaliwa pic

By Jacob Mosenda

Dar es Salaam. Prime Minister Kassim Majaliwa yesterday clarified that the 23.3 percent salary increment by the government intended to improve the welfare of the majority of low income public servants.