business
Pleasant surprise, bizarre request and giggles at Red Ginger
You call to reserve if you want a table. If you walk in swinging your hands, you might not get...
Time to make KRA professional
The chairman of the Kenya Revenue Authority, Anthony Mwaura Nganga, has been forced to eat the...
How Africa can cut impact of US dollar on its markets
Whenever I meet clients and investors, the one discussion I always end up having, regardless of...
Funding cuts hit Sh2.5bn LPG project for schools
President William Ruto's plan to provide cooking gas for learning institutions will take longer...
PSC kicks off search for new revenue allocation boss
The Public Service Commission has opened search for chairperson of the Commission on Revenue...
How does the AfCFTA impact Africa’s trading landscape?
AfCFTA offers some genuine benefits to trade in Africa and should come into its own as the...
Universal Music Group Reports Revenue of Nearly $11 Billion USD in 2022
Universal Music Group has posted impressive results for 2022 year. UMG reports an increase of revenue by 21.6% hitting nearly $10.95 billion USD. The success UMG has incurred from 2022 was largely driven by its new streaming model and strong performances in the recording music and publishing divisions. Variety indicates that recorded music revenues from streaming and subscriptions soared around 19% to over $5.6 billion USD while digital revenues from publishing had an overwhelming uptick of 50% to reach $1.05 billion USD. In 2022, top-selling artists at UMG include Taylor Swift, BTS and Olivia Rodrigo. In the fourth quarter of 2022, Swifte continued to be a top-seller along with the Beatles, Drake and Lil Baby. The earnings call noted that UMG's recent partnership with Tidaal to expand its...
Absa Kenya names Abdi Mohamed to replace Jeremy Awori as CEO
Absa Bank Kenya has named Abdi Mohamed as its new chief executive officer, replacing Jeremy Awori.
Somalia lender to acquire struggling First Community Bank
Premier Bank Limited (Somalia) is seeking to acquire a 62.5 percent stake in FCB.
The Antetokounmpo Brothers Are Joining the World of MLS
The Antetokounmpo brothers are entering the world of MLS, but not in the way that you might expect. Giannis and his brothers Kostas, Thanasis and Alex are not ready to step away from professional basketball just yet, but from a business standpoint, the family is expanding its portfolio as a part of an ownership group that is buying a stake in the MLS club, Nashville SC.ESPN's Jeff Carlisle reports that Milwaukee Bucks superstar and Nashville Predators forward Filip Forsberg are part of a new set of minority investors that have acquired a stake in Nashville SC. In a statement, principal owner John Ingram said, "Soccer is a global sport, and our newest owners once again reinforce our club's commitment to being a global team. Filip and Giannis are not just amazing athletes -- they are ambassa...
Business registry services go offline for e-Citizen upgrade
Services under the business registry on the government portal, the e-Citizen, will be...
Carbacid regional sales lift earnings to hit Sh411m
Carbacid Investments posted a 14 percent rise in net profit to Sh411.65 million in the...
