South African businessman who blew whistle on state bribery scandal gets plea bargain agreement
For weeks in early 2019, Agrizzi became the most famous man in South Africa as he testified how part of his job as chief operating officer at a facilities management company involved delivering bags of cash and organising favours for a then-cabinet minister, senior government officials and other politicians
World’s wealthiest man Elon Musk’s $1 trillion Tesla pay plan wins shareholder approval
The net value of those shares would be $878 billion: the package is structured to exclude the value of the stock on the day the board passed the proposal in early September. Musk could either pay that amount in cash or accept fewer shares to account for their original value.
Kenya’s premier agricultural university, Egerton, enters deal with US based firm to assemble tractors
The deal was signed by Egerton University Vice Chancellor Isaac Kibwage, Jaclyn Schess and Mike Christensen from the Idaho-based IROC Tractors and Agypro International’s Bill Bough Miller and Emmanuel Juma who is the Country Manager, Agypro Kenya.
Kenya’s Safaricom reports 55 per cent higher profit as Ethiopia loss narrows
Steady growth in its Kenya business continued to be the main profit driver, while its reported loss in Ethiopia dropped by 59 per cent compared to the first half of the previous financial year, which was heavily impacted by a depreciation of the birr currency.
Thanksgiving holiday faces disruptions as US shutdown sends airlines scrambling, travel chaos looms
Industry sources said the first round of reductions, which cuts about 4 per cent of scheduled flights, will take effect as soon as Friday. The cuts will rise to 5 per cent on Saturday, 6 cent on Sunday, and reach as much as 10 per cent by next week if the shutdown persists.
Trade minister says Kenya is investing in green and competitive manufacturing for industrial lift-off
Trade Cabinet Secretary Lee Kinyanjui called on industry leaders to deepen local content, support innovation and promote digital adoption among SMEs, adding that the government would continue to improve policy coherence and the business environment.
Echoes of Ugandan-born Mamdani’s New York mayoral election win: Museveni’s time is up
President Yoweri Museveni, an authoritarian who is up for re-election in January, has rejected calls to retire, leading to fears of a volatile political transition.
October best month this year for Kenya’s private sector with strong performance
Rising demand encouraged firms to increase their purchasing activity for the first time since April in addition to the improved economic environment which was also supported by a milder increase in business expenses, with input costs rising at the slowest pace in just over a year.
Legal campaign, health risks linked to with tobacco have not dissuaded farmers in central Kenya to dump the crop
The government, via the Tobacco Control Board and the Tobacco Control (Amendment) Bill, 2024, plans to reinforce tobacco industry regulations by improving public education, tightening advertising restrictions, and aligning Kenya’s tobacco policies with global health standards.
Opposition, Church accuse police and army in Tanzania of secretly dumping bodies of thousands they killed in election violence
The main opposition party, Chadema, has claimed that more than 1,000 people were killed and said on Tuesday that security forces were trying to hide the scale of the deaths by secretly disposing of the bodies. The authorities have not responded to the claims.
