At a time when a number of destinations across the globe are under pressure to make money from tourism – often because of the rising demand for cost-effective, technologically advanced and high-quality medical care –, a destination like Thailand is combining “world-class healthcare” with “holistic recovery” experiences to offer discerning travelers the best. Ahman Mad-Adam, Director of the Tourism Authority of Thailand Dubai Office says that over the past decade, the notion of healthcare has expanded far beyond its more traditional definition. Adam adds that medical wellness travellers choose Thailand not only for the treatments they need but for post-treatment…
Author: Victor Adar
Victor Adar
Victor Adar is a seasoned journalist with a Diploma in Mass Communication (Print) from the Technical University of Mombasa. He has previously worked with Reuters, Go Places travel magazine, and Aden Associates International. Since joining NBM in 2012, he has become a key member of the editorial team, covering enterprise, corporate affairs, HR, and technology.
Kenyan households and businesses are bracing for a fresh dose of pain after the Energy and Petroleum Regulatory Authority (EPRA) announced sharp increases in fuel prices, pushing diesel up by Sh40 per litre and super petrol by Sh28.69 in the latest pricing cycle. On average, both diesel and petrol will now cost Sh206 while kerosene will remain constant at Sh152. The adjustment, announced on April 14, immediately undercuts earlier assurances by William Ruto that the government-to-government fuel import deal with Middle Eastern suppliers would cushion consumers from global price shocks. Instead, the new pricing regime is already rippling through the…
Coalition for Dialogue on Africa (CDA), an initiative of the African Union that focuses on illicit financial flows (IFFs) in Africa, is deliberately seeking to combat illegal movements of money from tax evasion to corruption, and crime, to help accelerate growth of African countries. In its two reports unveiled on March 24, the “successes and Challenges of implementing the recommendations of the AU IFFs” and the “Five Years of Common African Position on Asset Recovery”, CDA reveals that Africa loses $50 billion per annum through illicit financial flows. The reports add that rising cases of illicit financial flows from Africa…
Mobile (SIM) subscribers of Safaricom, Airtel, Telcom, Finserve and Jamii increased by 0.1 percent to 78.4 million last year, roughly working out to a penetration rate of 149.5 percent as of December 31, 2025, indicating a shift in usage patterns. According to the second quarter (Q2) 2025/26 report by the Communications Authority of Kenya (CA), user activity remains strong, particularly in mobile money and data services. “The mobile money market sub-segment reported remarkable growth in the quarter with subscription growth of 5.6 per cent translating to penetration rate of 98.0 percent by end of December 2025,” CA said. Safaricom has…
Most firms in Kenya make employment law mistakes, including failure to provide written contracts, relying on short offer letters or outdated templates, failing to attach job descriptions in employment contracts, drafting incomplete or ambiguous contracts, leaving room for courts to presume the existence of an employment relationship between an employer and employee. A report prepared by Cliffe Decker Hofmeyr (CDH) law firm shows that employers in Kenya have been breaching the basic requirements like “early employment documentation”, indicating teething problems in employment laws. CDH says that courts don’t ask, “Was the employee wrong?” but “Did the employer do everything right?”…
A digital financial services division of NCBA bank, LOOP DFS, has invested Sh2.5 million in the restoration of the cricket pavilion at Limuru Country Club, aims at supporting community spaces and advancing sports development as part of its broader sustainability agenda. The pavilion, which had previously been damaged by a fire, has long served as a central hub for sporting and social activity within the Limuru community. Its restoration is expected to revive a key gathering space for players, families, and sports enthusiasts, while strengthening the club’s role as a cornerstone of local sporting life. The company’s CEO Eric Muriuki…
Kenya Airways (KQ) is back in the loss-making territory on lower revenue generation after posting a net loss of Sh17.1 billion for the year ended December 2025, from Sh5.4 billion profit in 2024. The airline said its operational loss dipped Sh5.6 billion compared to Sh16.6 billion in the previous period as revenue fell because of global supply chain challenges. Sales declined by Sh27 billion to Sh161.4 billion, resulting in an operating loss of Sh5.6 billion as operating costs fell by a smaller margin of Sh4.79 billion to Sh167 billion. “Overall performance and operations in the year 2025 were severely impacted…
Nairobi has claimed top honours in the latest Global Attractiveness Index (GAI) for emerging and fast-growing cities, developed by DHL Express Sub-Saharan Africa and The European House – Ambrosetti, securing position 56 globally, 11th in Africa, and 6th in Sub-Saharan Africa. On Monday, March 23, Hennie Heymans, CEO of DHL Express Sub-Saharan Africa, said the findings reflect the Kenyan capital’s growing economic and environmental strengths, while also highlighting structural constraints that continue to limit its full potential. “For Africa to accelerate its integration into global trade and to realize its full economic potential, we must understand where our cities stand,…
The Tony Elumelu Foundation (TEF) on Sunday, March, unveiled the 12th cohort of its entrepreneurship programme, demonstrating a commitment to empower the most valuable businesses and ideas on the continent. With 3,200 entrepreneurs selected from over 265,000 applications, this year’s cohort will receive non-refundable seed grants of $5,000 each, which the Foundations says comes to $16 million in direct funding, along with proper business training, mentorship, and access to TEF’s pan-African network. Of the 3,200 entrepreneurs who made the cut, 1,951 will benefit under the flagship program – as well as 100 entrepreneurs in waste management, 100 entrepreneurs under Aguka…
Old Mutual Holdings posted a net profit of Sh856 million for the year ended December 31, 2025, representing a 2 per cent increase from Sh838 million recorded in 2024. The company, which operates in Kenya, Uganda, Rwanda, and South Sudan, recorded a consolidated profit before tax of Sh1.9 billion, said the profit growth was powered by double-digit growth in asset management and strong performance in life business. Total assets grew slightly by 6 percent to Sh79.2 billion, up from Sh74.8 billion in 2024, while total equity strengthened by 3 percent to Sh20.4 billion from Sh19.7 billion, reinforcing the Group’s financial…
