Business
Wazupnaija – Naija Entertainment blogs & Forums – Business
Nairobi to pay KCB Sh90m in prime city plot legal row
A judge has ordered Nairobi County to pay KCB Ltd Sh90 million.
Rights group sues KFS in baobab exports dispute
Rights group Kituo cha Sheria has sued the Kenya Forest Service and the Environment ministry.
Procurement agency cancels Sh72m Kemsa cover tender
The procurement watchdog has overturned a decision by the Kenya Medical Supplies Authority...
Tullow earned Sh498m from early oil exports
British oil explorer Tullow made Sh498.5 million ($4 million) from the sale of Kenyan oil in...
TradeMark rebrands, sets its sights on West Africa
TradeMark East Africa, one of the world’s leading aid-for-trade organisations has rebranded to...
MPs shield 1,764 regulations from expiry with extension
Parliament has given the State a one-year window to republish and table in the house 1,764...
Auditor flags another Sh1.3bn diverted from petroleum fund
The Rural Electrification and Renewable Energy Corporation (REREC) spent Sh1.3 billion.
KeNIC appoints new CEO to drive .ke domain uptake
KeNIC has appointed Andrew Mwanyota Lewela as its new CEO effective February 1 following the...
Kenya Power kicks off search for a new MD
KPLC has kicked off the process of hiring a new managing director to replace acting MD Geoffrey...
Court suspends reappointment of Joe Sang’ as KPC boss
The High Court has temporarily suspended the reappointment of Joe Sang’ as the acting managing...
Meta Reports Losses of $4.3 Billion USD in Its Metaverse Division in Q4 2022
In the recent year, Meta CEO Mark Zuckerberg has widely shifted the company's focus to the metaverse, from changing the name of the corporation to product design. Meta's recent Q4 2022 results have arrived and they are proving that Zuckerberg's metaverse-obsessed direction may not be a promising one. The company has officially reported major net losses of approximately $4.3 billion USD in its metaverse and VR division in the final three months of 2022. Meta's stock price was also down more than 50% over the past year to $153.12 USD. However, it did go up 23% from last month. Despite heavy losses from the metaverse unit, Reality Labs, the tech giant did report a net income for the quarter at $4.65 billion USD. Its app units - which include Facebook, Instagram, Messenger and WhatsApp perform...
How Nigerian techies wired Sh276bn without CBK nod
As the world toasted Nigeria’s Olugbenga Agboola as Africa’s freshly minted tech billionaire...
