Tuesday, January 31, 2023

‘Divorce fuels surge in street children in Zanzibar’

ISSA YUSSUF in Zanzibar

THE Zanzibar’s Second Vice-President Hemed Suleiman Abdulla has urged adults, in marriage to avoid divorces as it contributes to increasing number of street children.

Royal Tour pushes Uchumi profit nine times


KILIMANJARO-BASED Uchumi Commercial Bank (UCB)’s net profit has jumped up almost nine times, thanks to a notable influx of tourists last year.

EABC urges members to fast-track review of SMEs charter


THE East African Business Council (EABC) has urged East African Community (EAC) member states to fast-track the review of the Small and Medium-sized Enterprises (SMEs) charter to empower women and youth entrepreneurs.

Ramani’s billion dollar vision


Ramani’s senior leadership team. PHOTO | COURTESY


Lucy Tomeka


·         As two brothers and their best friend have been able to prove, a functioning community is key to any type of growth

For many of us, growing up, we heard that businessmen do so well for themselves and as a

Mo Dewji cements position as East Africa's top billionaire


Mo Dewji


·         With a net worth of $1.5 billion the philanthropist and sports enthusiast remains the only dollar billionaire in East Africa in the latest Forbes rich list

Dar es Salaam. Tanzanian businessman Mohamed Dewji has climbed two places in the

Tanesco allays fears of power rationing in February


anzania Electric Supply Company (Tanesco) managing director Maharage Chande. PHOTO | FILE


·         Efforts have been made to ensure the situation remains under control to enable power users to go on with their daily economic activities.

Dar es Salaam. Tanzania Electric Supply Company Limited (Tanesco), has dispelled fears of

Teacher turns social media pages into cultural classroom


Ms Jamila Hamisi Kizondo, a Kenyan at her home in Washington DC where she teaches, and promotes Swahili Culture and traditions. FILE PHOTO | POOL


More by this Author

When she left the country a few years ago and moved to Dubai, Jamila Kizondo noted with dismay that more often other migrants from Africa soon forgot their culture and traditions.

African prosecutors meet in Mombasa


President William Ruto arrives at the 16th Annual General Meeting and Conference of Africa Prosecutors' Association at Sarova Whitesands in Mombasa on January 30, 2023. PHOTO | POOL

By SAM KIPLAGAT More by this Author

President William Ruto on Monday officially opened the Africa prosecutor's Annual General Meeting (AGM) and conference, which brings together prosecutors across the continent under the Africa Prosecutor's Association (APA).

Walk the talk on fines for contract breaches


Attorney-General Justin Muturi. FILE PHOTO | NMG

By BUSINESS DAILY More by this Author

The government should proceed with the plans to make public servants accountable with regard to decisions and actions that culminate in the State being ordered to

Folly of going for ex-presidents’ heads


Reports that the Kenya Kwanza administration has, through the Kenya Revenue Authority, placed taxed demands on both Moi and Kenyatta families in relation to their wealth is hardly surprising. FILE PHOTO | SHUTTERSTOCK

By GEORGE BODO More by this Author

Reports that the Kenya Kwanza administration has, through the Kenya Revenue Authority, placed taxed demands on both Moi and Kenyatta families in relation to

Corporate bonds trade rallies on increased supply


Capital Markets Authority (CMA) CEO Wycliffe Shamiah during the Capital Markets Soundness Report media briefing at the authority's offices on January 30, 2023. PHOTO | DIANA NGILA | NMG

By CHARLES MWANIKI More by this Author

Secondary market trading on corporate bonds picked up in the fourth quarter of last year, reflecting the improved supply of issuances in the market and sales by

NSE fights for foreign investors amid negative returns


The Nairobi Securities Exchange. FILE PHOTO | DIANA NGILA | NMG  

By CHARLES MWANIKI More by this Author

The weakening of the shilling and falling blue chip stock prices have left the Nairobi Securities Exchange (NSE) at a disadvantage against African peers in the race for

Why you should invest in collective investment schemes


If you are risk averse or would like to create wealth using a safe approach cognizant of the current macro-economic factors, then the Collective Investment Scheme is the product for you. PHOTO | SHUTTERSTOCK

The financial system offers a wide range of financial services and products accessible to more Kenyans in a wider geographical coverage. This is where Collective

The role of capital markets in supporting sustainable investments


Transitioning to a green economy will be at the heart of sustainable growth and shared prosperity for our citizens. PHOTO | SHUTTERSTOCK

By Capital Markets Authority More by this Author

The increase in the threat of climate change raises the urgency of commitment to climate transition, including the important role of global financial markets to align investment.

How investors are protected in Kenya’s capital markets


Stockmarket. The Capital Markets Authority has leveraged technology in order to disseminate information on capital markets to the public. PHOTO | SHUTTERSTOCK 

By Capital Markets Authority More by this Author

As a rule of thumb those who save more become wealthier because foregoing consumption today allows one to invest in the future.

Why Actuaries will be key to Kenyan banking sector growth


The Central Bank of Kenya in Nairobi. FILE PHOTO | NMG

By JOHN NJIRU More by this Author

Kenya’s banking industry outlook shows a myriad of risks necessitated by weaker global and domestic conditions, projecting lower growth rates in the long run.

Digital lenders, telcos, brewers lose tax fight against new excise duty


Times Tower in Nairobi, the headquarters of Kenya Revenue Authority. FILE PHOTO | DENNIS ONSONGO | NMG  

By SAM KIPLAGAT More by this Author

Consumers will pay the new excise taxes on SIM cards, beer and mobile phones after the High Court dismissed several petitions challenging the Finance Act that came into effect last July.

The making of an effective data watchdog with sharper teeth


Data Protection Commissioner, Immaculate Kassait. FILE PHOTO | JEFF ANGOTE | NMG 

By JOHN NDIRANGU More by this Author

Over the past few years, the protection of personal data has been a hot topic of discussion both in Kenya and internationally.

Konza city marketing head to lead investment authority


Trade Cabinet Secretary Moses Kuria during a press conference on January 24, 2023. PHOTO | DIANA NGILA | NMG

By KABUI MWANGI More by this Author

Trade Cabinet Secretary Moses Kuria has tapped Konza Technopolis Development Authority marketing head June Chepkemei as managing director of the Kenya Investment Authority on an acting basis.

Higher sales drive Isuzu market share up to 45pc


48 Isuzu Dmax Double Cabin pickups to be issued to Deputy County Commissioners at the automobile manufacturer along Mombasa Road on May 16, 2022, before their flag off. PHOTO | DIANA NGILA | NMG

By VICTOR JUMA More by this Author

Isuzu East Africa raised its market share to a new record of 44.7 percent in the year ended December 2022 after growing sales amid an overall slump in the new vehicle industry.