business
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...
GDC managers graft trial to resume following Supreme Court ruling
The trial of former officials of GDC over abuse of office among other offences will proceed...
Epra reveals second plan to increase cost of power
The Water Resources and Management Authority (Warma) is the latest State entity to seek a...
Ruto fails to cut spending in first supplementary budget
President William Ruto’s administration has failed to cut the annual government spending in its...
Court quashes betting tax, limit on gambling in 5-star hotels
The High Court has quashed laws that restricted gambling in the city to five-star hotels.
Landlady wants Trattoria owner cited for contempt
The Town House owner has accused Mr Ruffo of placing the items at the fire exit and fire...
Finnish businesses ready and willing to be part of Kenya’s success story
Finland is known for its world-class technological innovations, effective education system and...
Banks, saccos double size of subsidised mortgage to Sh8m
A State-backed mortgage refinancing company has doubled the size of subsidised home loans to...
