business
Saudi Arabia overtakes China as Kenya’s top import market
Saudi Arabia overtook China, India and the United Arabs Emirates (UAE) to become Kenya’s...
Kenya’s rich get richer as gap with the poor widens
The gap between Kenya’s richest and poorest widened after a dip during the peak of the...
Court unfreezes Judiciary registrar Anne Amadi’s accounts
Chief Registrar of Judiciary Anne Amadi has been allowed to access her bank accounts in a gold...
Baloobhai Patel transfers Sh376m Bamburi stake in succession
Billionaire investor Baloobhai Patel has transferred his 4.12 percent stake worth Sh376.9...
Civil servant faces Sh1.2bn asset seizure in graft war
A senior official at the Ministry of Lands has his Sh1.2 billion assets being targeted for...
State sets aside Sh25bn to settle fuel subsidy arrears
The government has set aside Sh25.2 billion to settle the controversial fuel subsidy debt owed...
Facebook owner Meta blocked from firing content moderators
Meta told to put redundancies by its former agent Samasource Kenya on hold until case by...
Electricity costs soar by 67pc in President Ruto’s first nine months in office
The cost of electricity has soared by 67 percent in the last nine months from a combination of...
Three Siaya residents want EACC to probe graft in county
Three residents of Siaya County have moved to court seeking to compel the anti-graft body to...
Ex- judiciary accountant to be paid for illegal sacking
A former accountant at the Judiciary will be paid Sh1.5 million after the Employment court...
Gold trader wants Amadi removed from judiciary post over Sh100m fraud
A British gold trader has filed a petition before the Judicial Service Commission (JSC) seeking...
Elon Musk Regains Title of World’s Richest Man
Multi-hyphenate CEO Elon Musk makes headlines as he is crowned the world's richest man, once again. The Tesla founder regains his title at the top after shares of the electric vehicle company saw shares rise 24% in May. According to the Bloomberg Billionaires Index, Musk's wealth saw his wealth increase 40.3% this year to $192 billion USD with his 13% ownership of Tesla. Musk knocked out LVMH CEO Bernard Arnault from the top spot. Arnault regained the title when Tesla's shares saw a steep decline following Musk's $44 billion USD acquisition of Twitter. Musk's wealth is mostly tied to Tesla and it is therefore volatile and dependent on how Tesla succeeds. Back in November, Tesla's stock hit a two-year low where share price dropped to $167.87 USD when Musk took over Twitter. Arnault, who is ...
