Investments

NAIROBI, Kenya, June 12 – Treasury Cabinet Secretary John Mbadi is presenting a Sh4.2 trillion budget for the 2025/26 financial year, with the government targeting to raise Sh3.3 trillion in revenue and bridge a Sh900 billion deficit through borrowing and grants. Of the projected revenue, Sh2.7 trillion will come from taxes and Sh560 billion from…

JUNE 11 – A TV ad for chocolate bar Twix has been banned for encouraging unsafe driving. The advert shows a man with flowing hair involved in a car chase and crash that results in his and an identical, caramel-coloured car sandwiched on top of each other, like a Twix. Five complaints issued against the…

Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 122.94 points, or 0.32 percent, from Monday at 38,211.51. The broader Topix index, meanwhile, finished 0.83 point, or 0.03 percent, higher at 2,786.24. On the stock market, sentiment was lifted after senior U.S. officials made positive remarks following the conclusion of the first…

NAIROBI, Kenya, June 9 – The Competition Authority of Kenya (CAK) has launched the first phase of its forensic laboratory project, investing Sh45 million to enhance its ability to gather credible evidence in competition-related investigations. According to CAK Director General David Kemei, the move is aimed at addressing past challenges in obtaining verifiable evidence capable…

JUNE 8 – The row between Donald Trump and Elon Musk over a major spending bill has exacerbated uncertainty over the future of Nasa’s budget, which is facing deep cuts. The space agency has published its budget request to Congress, which would see funding for science projects cut by nearly a half. Forty science missions,…

JUNE 7 – They rumble down the highway between Beijing and Tianjin port: big lorries, loaded up and fully able to navigate themselves. Sure, there is a safety driver in the seat, as per government regulations, but these lorries don’t require them, and many analysts say it won’t take long before they are gone. When…

MEXICO CITY, June 6 (Xinhua) — The Mexican government said Thursday it strongly disagrees with a U.S. Supreme Court ruling to dismiss its lawsuit against eight U.S. gun companies for their alleged role in trafficking illegal arms into Mexico. The Ministry of Foreign Affairs strongly expresses its disagreement with the decision issued by the Supreme…

JUNE 5 – With Air Canada and Southwest the latest airlines to charge passengers for check-in luggage, the ballooning cost of such ancillary or “junk fees” is provoking anger among politicians and consumer groups. At the same time, sales of suitcases small enough for passengers to take on the plane as hand luggage are booming….

NAIROBI, Kenya, June 4 – Harambee Sacco has launched a nationwide campaign aimed at boosting savings among youth, informal sector workers, and retirees, as it seeks to broaden its member base and promote an inclusive savings culture. The Sacco is currently touring different regions to engage members and recognize individuals who have saved more than Sh1…