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Home » Business & Economy » Page 3

Browsing: Business & Economy

Kampala beef prices steady this Christmas, far below 2024 festive surge

By Amani NuruDecember 24, 20252 Mins Read0

KAMPALA, Uganda — Residents of Kampala are enjoying a rare festive reprieve as beaf prices remain significantly lower than the dramatic spikes recorded during the…

Uganda restricts Starlink imports, requires military clearance from Gen. Muhoozi

By Michael WandatiDecember 22, 2025Updated:December 22, 20253 Mins Read0

KAMPALA, Uganda — The Ugandan government has implemented a stringent new directive requiring military clearance for the importation of Starlink satellite internet kits and related…

Japanese beer giant Asahi acquires Diageo Kenya in $4.8bn takeover of EABL

By Michael WandatiDecember 18, 20253 Mins Read0

NAIROBI, Kenya — In a transformative move for the African beverage sector, Japan-listed global giant Asahi Group Holdings has reached an agreement to acquire a…

Kenya among Africa’s most expensive fuel markets: Petrol and diesel prices highest in EAC

By Michael WandatiDecember 18, 2025Updated:December 18, 20252 Mins Read0

NAIROBI, Kenya — Kenya has solidified its position as one of Africa’s most expensive fuel jurisdictions, consistently ranking within the continent’s top 10 highest-priced markets…

Museveni backs UAE plan to build strategic inland port at Bukasa

By Michael WandatiDecember 17, 20252 Mins Read0

NAKASERO, Uganda — President Yoweri Kaguta Museveni has given a preliminary welcome to a significant infrastructure proposal from the United Arab Emirates aimed at transforming…

PayPal applies for US banking licence to expand small business lending

By Michael WandatiDecember 16, 20253 Mins Read0

NEW YORK, United States — The strategic line between established technology firms and traditional financial institutions continues to blur, with PayPal Holdings Inc. announcing its…

Central Bank of Kenya lowers base lending rate to 9%

By Michael WandatiDecember 9, 2025Updated:December 9, 20252 Mins Read0

NAIROBI, Kenya — The Monetary Policy Committee (MPC) of the Central Bank of Kenya (CBK) has, for the ninth time in a row, announced a…

Netflix strikes $72 billion deal to acquire Warner Bros Discovery studios

By Imani TendoDecember 5, 20253 Mins Read0

HOLLYWOOD, United States — The media industry is facing a massive shake-up after Netflix agreed to purchase the film and television studios and streaming assets…

Kenya named Africa’s most competitive economy in landmark 2025 IMD global ranking

By Michael WandatiNovember 30, 20253 Mins Read0

NAIROBI, Kenya — Kenya has achieved a significant milestone in global economic recognition, making its first-ever entry into the prestigious IMD World Competitiveness Ranking for…

Safaricom’s M-Shwari experiences major outage again, leaving thousands of Kenyans frustrated

By Michael WandatiNovember 11, 20253 Mins Read0

NAIROBI, Kenya — Telecommunications giant Safaricom PLC has confirmed that its M-Shwari mobile banking service is experiencing a significant outage, sparking widespread frustration after thousands…

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