Business Daily Africa

BDAfrica features a variety of articles from the Business Daily newspaper, which is based in Nairobi and produced by the Nation Media Group. Additionally, it offers unique content that is available exclusively online.

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Kieran Godden on striking balance between managing risks and investment

1 day ago | businessdailyafrica.com | Constant Munda

Elevated interest rates in 2024 lifted investments income for insurance companies to Sh124.87 billion from Sh69.67 billion, at a time growth in profit from the underwriting business was largely modest. Liberty Kenya Holdings Plc was amongst leading insurers, whose profitability surged on the back of increased earnings from investment of premiums in government securities and fixed deposit assets.
Pensions funds deserve bigger role in economy

2 days ago | businessdailyafrica.com | Jaindi Kisero

For me; what the National Social Security Fund (NSSF) has done by investing in the Nairobi- Mau-Summit Road is an example of bold ambition. Today; following the implementation of the higher contribution rates under the controversial NSSF of 2013; the fund is collecting close to Sh6 billion a month. I ask? Where is the fund going to invest all this money if it does not start looking for bankable investment opportunities in alternative asset classes?
Kenya’s exports to Uganda drop to seven-year low in first 3 months

3 days ago | businessdailyafrica.com | Constant Munda

The value of Kenya’s exports to Uganda fell for the first time in seven years during the first quarter of the year, partly reflecting the impact of tit-for-tat tariff and non-tariff measures in recent years. Trade between the two countries has in recent years been hurt by on-and-off retaliatory protectionist measures leading to the blockade of goods at border points.
Chef turns sorghum into rich ice cream

3 days ago | businessdailyafrica.com | Wangu Kanuri

I’m seated at the Gastronomy panel at Africa’s Travel Indaba in Durban, where three South African chefs are passionately unwrapping the magic of African flavours. Midway through, Chef Wandile Mabaso, the founder of Les Créatifs Restaurant in Johannesburg, shares about pushing boundaries and crafting new flavour profiles rooted in African heritage. Then he drops it: ‘like the sorghum ice cream we created.’ The room gasps. Eyes widen. Did he just say sorghum... ice cream?
Customary property: I'm in a financial fix, can I sell our ancestral land?

5 days ago | businessdailyafrica.com | Wangu Kanuri

Ancestral landâ€”often at the heart of family legacies and disputesâ€”is not just a piece of property. It carries emotional weight, cultural identity, and a deep sense of belonging. Ribin Ondwari, partner and head of real estate, banking and financial services at Ashitiva Advocates LLP, spoke to the Business Daily about what defines ancestral land and if one can sell it.
StanChart slashes jobs by half in 10 years amid automation

5 days ago | businessdailyafrica.com | Patrick Alushula

Standard Chartered Bank Kenya last year spent Sh580.1 million on staff redundancies, marking the latest in a decade-long trend that has seen its workforce shrink by more than half to 1,001. The lender, which has been leaning further into digital banking, has been consistently downsizing even as its net profit and payroll costs continue to grow.
Cement uptake shows signs of recovery after two-year slide

5 days ago | businessdailyafrica.com | Constant Munda

Cement firms recorded the first growth in quarter one sales in three years, signalling glimmers of recovery in construction activities which contracted last year on elevated interest rates and reduced expenditure on public infrastructure projects. Consumption of cement, a key input in the building and construction industry, grew 20.69 percent in the first three months of the year to 2.34 million metric tonnes, according to data collated by Kenya National Bureau of Statistics.
Treasury funding for roads, bridges surge 42pc in nine months

5 days ago | businessdailyafrica.com | Constant Munda

The Treasury’s disbursement of funds for roads and bridges surged 42.59 percent in first nine months of the current financial year, pointing to a resumption of construction projects. Latest budget outturn report shows nearly Sh79.81 billion was wired to the State Department for Roads for development projects in the period ended March, compared with Sh55.97 billion a year earlier.
Sandeep Madan: Airtel advert man who wants the industry’s future to resemble its past

5 days ago | businessdailyafrica.com | Dominic Omondi

Sandeep Madan, the chief executive officer of The Partnership Africa, might have stumbled upon a career in advertising and marketing, but snatching Airtel Africa from WPP-ScanGroup was far from a fluke. When news emerged that some former employees of WPP-ScanGroup, one of the leading advertising agencies, had secured the tender to become Airtel Africa's advertising and marketing agency from their erstwhile employer, critics were not amused by the coincidence.
Ifeanyi Odoh: CEO who brings peace to the jollof wars - with pilau

6 days ago | businessdailyafrica.com | Eddy Ashioya

Ifeanyi Odoh is feverish when I walk into his office. His voice, like stepping on broken glass, keeps drifting in and out of consciousness, a minute-by-minute lesson in insidiousness. Yet he doesn’t want to stop. “You are here already,” he says, “Let’s talk.” Talk we do. About his morning walks. His father. His life story is well-trodden. Born in Nigeria, he went to France’s top engineering school, École Polytechnique on a scholarship—his family was not wealthy.