business
New law forces gamblers to save with every bet placed
The government will slash a chunk of the billions staked every year from punters and channel...
Elon Musk Values Twitter at $20 Billion USD
Over the weekend, Elon Musk identified to his Twitter employee in a company email that the value of the social media platform has dropped significantly since he acquired it for $44 billion USD. The email was viewed by the New York Times, which reported that employees were sent a "new stock compensation program." In the same email, Musk warned employees that Twitter is currently still in a "precarious financial position" and even justified the "radical changes" made at the company, which included the cost-cutting and mass layoffs were all necessary to avoid going bankrupt and to streamline operations. He wrote that despite all this, "Twitter is being reshaped rapidly." However, since Musk took over, Twitter's value has rapidly declined to less than 50% of what it was worth when he acquired ...
KFS eyes Sh3.5 billion from trees as harvesting resumes
The Kenya Forest Service (KFS) targets to earn Sh3.5 billion this year when commercial...
Mail services firm raises charges 33pc
MPost —a service that turns mobile phones into formal postal addresses— has increased annual...
Former head of Public Service Joseph Kinyua joins KCB Group board
Former head of public service Joseph Kinyua has been appointed to the board of directors of KCB...
CBK clears 10 more mobile phone lenders
The Central Bank of Kenya has granted licenses to an additional 10 digital credit providers...
Dollar stockpile households hold soars 246pc to Sh285bn
Households joined corporate bodies in the race to stack up dollars in banks amid a supply...
Middle class to pay Sh2.7bn more per month for power
Kenya's middle-class households and small commercial power consumers will spend at least Sh2.7...
KQ, SAA eye partnership next year
Kenya Airways and South African Airways have finally announced the formation of Pan-African...
I&M gets Sh457m dividend from Mauritius subsidiary
I&M Group was paid a dividend of Sh457.6 million by its Mauritius subsidiary Bank One in...
How genetic modification techniques in crop improvement have evolved
Crop improvement through genetic modification is as old as mankind. Our nomadic ancestors...
Comical hedgehog encounter at Medina Palms
I was at Medina Palms in Watamu a good-looking resort that is very nice to photograph. Very...
