Business

The investment is projected to deliver net benefits of Sh2.3 trillion, with every shilling invested generating Sh3.9 in total economic benefits and Sh2.9 in net returns.

Knight Frank defines UHNWIs as individuals with a net worth of at least $30 million (Sh3.88 billion), while HNWIs are those with assets worth at least $1 million (Sh129.30 million).

As AI becomes a bigger part of teenagers' online experiences, child safety advocates say digital literacy is becoming just as important as traditional online safety.

According to Committee Chairperson Bernard Shinali, the circumstances surrounding the clearance of the consignment required urgent answers, particularly given the amount of revenue waived by the government.

The new arrangement allows eligible KDF personnel to access the Civil Servants Housing Mortgage Scheme at a fixed four per cent interest rate, arguably lower than the Affordable Housing Programme's existing income-based mortgage rates.

The move is aimed at ensuring creators who produce original content receive the financial rewards they deserve, while limiting earnings for accounts that profit from copied posts or artificial engagement.

Karuku, who is also the Group Managing Director of East African Breweries PLC (EABL), will remain on the KAM Board as an Ex-Officio member to provide strategic guidance.

While the changes are expected to reshape how Android users in the United States discover and download applications, there will be no immediate changes for Android users in Kenya or other markets outside the US.

The company says these safeguards are intended to provide children with a safer introduction to music streaming while giving parents greater confidence over what their children can access.

Nigeria and Egypt are projected to record the continent’s largest urban populations by 2050, with both countries expected to rank among the world’s top ten countries with the largest urban populations.

Benchmark Brent crude traded around $85 (Sh10,995.60) per barrel on Thursday, up sharply from about $70 (Sh9,055.20) recorded for much of last week.

CS Chirchir said the contract marks the beginning of a critical stage in the delivery of a modern, efficient, safe and sustainable airport that meets global aviation standards.

Knight Frank says high-net-worth individuals are increasingly investing in data centres, farmland, rental housing and logistics as they seek stronger returns, greater liquidity and long-term growth.

As more commuters embrace mobile money payments, Nairobi's iconic matatu conductors are seeing their traditional roles shrink, raising concerns over the future of thousands of jobs in the public transport sector.

Digital safety experts say the UK's latest proposals could influence future online safety policies in other parts of the world as governments grapple with the rapid growth of social media and generative AI.

In its latest monthly review, EPRA maintained pump prices for Super Petrol, Diesel and Kerosene, allowing motorists to continue paying the same rates for the next 30 days.

The committee, chaired by North Mugirango MP Joash Nyamoko, had on Tuesday summoned officials from the State Department for Lands and Physical Planning to respond to four petitions regarding land disputes affecting individuals and communities across the country.

KRA data shows the average revenue collected from each settled dispute dropped to about Sh35 million in the latest financial year from about Sh158 million in 2024/25, suggesting that many of the disputes resolved were smaller in value.

Amid helping students and recent graduates navigate today’s competitive and rapidly changing job market, she spoke with UN News about some of the best ways to rise to the challenge.

In Nairobi, Super Petrol will continue retailing at Sh214.03 per litre, Diesel at Sh222.86 per litre, while Kerosene will remain at Sh191.38 per litre.

The new measures are designed to give users greater confidence when interacting with AI-generated content while supporting creators who use AI tools responsibly.

Since 2017, the United Nations University World Institute for Development Economics Research (UNU-WIDER) has conducted surveys to trace the path of students from the classroom into the labour market.

The people most likely to thrive in the AI era will not necessarily be those who use AI the most, but those who know when to put it aside.

Rather than replacing one genre with another, Spotify says Gen Z listeners are increasingly consuming a wide variety of music simultaneously, highlighting how streaming platforms encourage musical discovery across cultures and styles.

Jetter studied mathematics and computer science at the Massachusetts Institute of Technology, specialising in planetary science, followed by a master's in aeronautics and astronautics at Stanford and 20 years developing autonomous algorithms for spacecraft and robots.

Energy Cabinet Secretary Opiyo Wandayi said the extension will help reduce the impact of global market changes as tensions in the Middle East continue to affect international oil prices.

Classic cars continue to appeal because of their limited supply, growing international collector markets and potential for capital appreciation, while jewellery remains attractive as a portable store of value during uncertain economic conditions.

The apex bank notes that it has received more than 800 applications since the licensing framework for digital lenders began in March 2022.

The individuals are preferring to channel the bulk of their wealth into productive assets such as real estate, private businesses and agriculture instead of collectables like luxury watches, wine and jewellery.

The World Bank said improving the composition and efficiency of government expenditure should be prioritised to support fiscal sustainability and economic growth.

Is Kenya Africa's next major energy hub? A plan from Dangote Industries to build a massive refinery off the country's coast could reshape fuel supply, trade and economic growth across East Africa.

An expert panel has recommended limiting access to social media for young children across the EU. The European Commission is expected to present a proposal for legislation on the issue in the coming months.

One of the biggest concerns is employment. As AI becomes more capable of performing repetitive tasks, some experts warn that certain administrative, customer service and content-related jobs could change significantly or become automated.

The company has begun rolling out a new Copilot capability to users in the Windows Insider programme that allows the AI assistant to diagnose common PC performance problems and suggest ways to fix them.

The latest report finds that wealthy nations reported mobilising nearly $137 billion (Sh17.7 trillion) in climate finance in 2024.

The rebound came as renewed military exchanges between the US and Iran over the weekend heightened fears over disruptions to global energy supplies through the Strait of Hormuz.

The National Assembly Energy Committee said a reduction in the prices charged by big electricity producers would give Kenya Power room to lower electricity bills without affecting its financial stability.

Industry leaders say Africa’s beverage sector has huge growth potential but local manufacturers must overcome counterfeits, high costs, supply chain challenges and weak branding to compete globally.

Samsung Health users are being asked to allow their activity, medical and other personal health data to be used in AI training, sparking fresh privacy concerns.

The value of the continent’s construction industry is projected to increase from nearly $190 billion (Sh24.5 trillion) in 2025 to more than $300 billion (Sh38.8 trillion) by 2030.

The latest disruption revives memories of the first closure of the strategic waterway earlier this year, when Brent crude climbed to about $120.36 (Sh15,548) a barrel before easing as diplomatic efforts between Tehran and Washington gained momentum.

Organisers said between 40 and 50 tourists and participants travelled to Mombasa specifically for the two-day event, which was held in partnership with the Mombasa County Government and other business organisations.

Industrial exports recorded significant gains, with earnings from industrial machinery more than tripling to Sh9.8 billion, largely driven by increased exports of bifacial solar cells.

Nairobi Upper and Nairobi Middle recorded declines, with their indices falling to 90.1 and 85.3, respectively, from 94.1 and 88.2 a year earlier.

While Muse Image remains available for other AI image-generation tasks, the controversial capability that allowed public Instagram profiles to be used as references has been removed.

Manufacturing emerged as one of the strongest contributors to the improved performance, with growth accelerating to 4.4 per cent from 2.8 per cent a year earlier.

The report notes that although Kenya has recorded sustained economic growth over the past two decades, much of it has been driven by public sector spending and capital-intensive investments that have yielded limited employment gains.

Central to the Commission's case is the argument that Meta understood, or should have understood, the risks associated with these design choices but failed to take adequate action.

Existing users will begin receiving notifications in the ChatGPT app and via email explaining how to migrate their data.

Users who do not want their public photos used for AI-generated images can opt out without making their account private.