business
State finds buyer for Sh15bn stake in Portland Cement
The government has found a deep-pocketed buyer for the East African Portland Cement Company...
KRA misses revenue target by Sh107bn
The taxman collected Sh2.166 trillion, a 95.3 percent performance rate.
Co-op Bank taps Sh14bn loan for lending to small businesses
Co-op Bank says the seven-year facility will allow it to offer long-term loans to MSMEs.
Centum RE posts Sh174m profit on valuation gain
Centum Real Estate has posted a net profit of Sh174 million in the year ended March.
Maurice Akech: NCA executive director on fighting the menace of collapsed buildings in Kenya
The Business Daily spoke to NCA executive director Maurice Akech on the menace of collapsing...
Tea firms decry security costs as theft on the rise
Williamson Tea Kenya (WTK) has revealed an increased number of insecurity cases such as theft.
Elon Musk launches xAI firm to take on OpenAI
Musk says his plan for building a safer AI. Rather than explicitly programming morality into...
Tumblr Loses $30 Million USD Each Year
With all the news surrounding popular platforms like Instagram, Twitter and Threads, Tumblr has now entered the chat but this time with some unfortunate news. The once-popular blog-like platform has been in the red, losing millions every year.Tumblr CEO Matt Mullenweg recently hosted a Q&A which was attended by 800 users, sharing with them the company's current status. The CEO claims that the company loses $30 million USD annually. TechCrunch reported the Q&A session which was also co-hosted by Tumblr's COO Zandy Ring. According to the CEO, Tumblr spends $30 million USD than it is making as it desperately tries to fight against the likes of Instagram and TikTok. COO Ring comments on the platform's user base stating that they do not see much increase, "People have this impression th...
Jambojet leans on KQ cash amid losses
Jambojet received additional financial support worth Sh1.45 billion from Kenya Airways (KQ)...
Auctioneers shake billionaire David Langat’s empire over Sh2.1bn debt
Langat finds himself in unfamiliar territory after auctioneers put up tea estate and office...
How markets are shrugging off opposition-led protests
The Kenyan financial markets shrugged off disruptions caused by the protests to record gains.
How markets are shrugging off opposition-led protests
The Kenyan financial markets shrugged off disruptions caused by the protests to record gains.
