29 October 2024
- Tanzania, according to Russia, seems to have a geographic advantage it can tap into. Russia mentioned Tanzania’s location on the East African coast, which is vital for accessing the neighboring land locked markets.
29 October 2024
- Urbanization in Africa has accelerated in recent years, resulting in considerable expansion in many African cities. As populations grows, there is a greater need for affordable housing. However, the affordability of housing loans could deter this…
29 October 2024
- World Bank’s private sector lending arm said the funding will form part of a Sh7.74 trillion project in which Abyssinia targets to cut emissions.
29 October 2024
- The United states has said it will be imposing visa restrictions on individuals that pose a threat to Ghana's democracy. The statement comes amid Ghana's preparations for the coming presidential elections in December 2024.
29 October 2024
- NAIROBI, Kenya, Oct 29 – Kenya Power has returned to profitability, recording Sh30 billion in earnings for the full year ending June 2024, recovering from a net loss of Sh3.19 billion in the previous year. This was driven by increased electricity…
29 October 2024
- OCT 29 – After a long wait, Apple has finally released its artificial intelligence (AI) tools for iPhone – to a select few. Apple Intelligence, a suite of AI tools announced in June, became available to owners of some iPhones around the world on…
29 October 2024
- To ensure the continuous economic growth of African countries, there is a need to boost trade, finance, and positive migration within the continent. To achieve this, attracting investments by world powers such as China has been crucial to Africa's…
29 October 2024
- The Teachers Service Commission (TSC) has announced 20,000 teaching opportunities to Junior Secondary School (JSS) Teachers on internship basis. TSC made this announcement on Tuesday ,October 29 calling on qualified candidates to apply for the…
29 October 2024
- Despite the challenges posed by the ongoing funding winter, Kenya has maintained a strong position relative to its peers in the African startup ecosystem.
29 October 2024
- Moniepoint Inc has successfully raised US$110 million in equity financing, to power the dreams of millions of businesses and their customers across Africa and the diaspora.
29 October 2024
- OCT 29 – US banking giant JP Morgan Chase, is suing customers who allegedly took advantage of a glitch by illegally withdrawing thousands of dollars from its ATMs. The “infinite money glitch”, as it became known on TikTok, allowed the bank’s…
29 October 2024
- NAIROBI, Kenya, Oct 29 – KenGen net profit for the full year ending June 2024 expanded by 35 percent to Sh6.8 billion on improved geothermal and hydroelectric revenues. In 12 months to June last year, the power produced profit after tax stood at Sh5…
29 October 2024
- TOKYO, Oct. 29 (Xinhua) — Meta Platforms Inc., the parent company of Facebook and Instagram, is facing a fresh wave of lawsuits in Japan, with 30 plaintiffs seeking a total of 435 million yen (about 2.8 million U.S. dollars) in damages for losses…
29 October 2024
- The push for a unified currency, known as Eco, in West Africa, is a project that ECOWAS has pursued for over two decades. In 2021, the bloc revised its roadmap, setting a goal to launch the currency by 2027. Ivory Coast President Alassane Ouattara…
29 October 2024
- NAIROBI, Kenya, Oct 29 – Google has committed Sh748.2 million ($5.8 million) this year to support foundational AI and cybersecurity training in Nigeria, Kenya, and South Africa. The funding will back organizations providing foundational AI skills…
29 October 2024
- NEW YORK, Oct. 28 (Xinhua) — U.S. stocks ended higher on Monday, as investors anticipate a busy week of key economic data releases and quarterly earnings, especially from major tech companies. The Dow Jones Industrial Average rose 273.17 points, or…
29 October 2024
- The Social Health Authority (SHA) has designated six prominent lenders financial institutions — Kenya Commercial Bank (KCB), Sidian Bank, Co-operative Bank, Equity Bank, Absa and Diamond Trust...
28 October 2024
- The KRA is focused on payments being done by businesses for supply of goods and services, consultancy services, commissions and royalties amid concerns of under-declaration.
28 October 2024
- As the solar business booms, each entrant in the market is targeting its own niche, with some focusing on the importation of solar components from leading manufacturers and suppliers in the major...
28 October 2024
- Questions have been raised as to why remittances are processed through a different pay bill and not the single government pay bill unveiled by President Willam Ruto.
28 October 2024
- Learning networks will allow teachers to share best practices, challenges, and success stories and foster a collaborative environment for improving science education in high schools.
28 October 2024
- JOHANNESBURG, Oct. 28 (Xinhua) — Business confidence in South Africa has “notably” improved since the formation of its Government of National Unity (GNU), said the consulting firm PricewaterhouseCoopers (PwC), Monday. South Africa in June…
28 October 2024
- This year’s theme, Orchids in Cinema, inspired exhibitors to create movie-themed displays, each creatively merging orchids with the magic of film.
28 October 2024
- The early renewal of its licence comes after an out-of-court settlement with the government over its expired licence, which brought to an end a seven-year court fight.
28 October 2024
- Employment and Labour Relations Court Judge Hellen Wasilwa said the contracts of all the 108 employees alleged to have been sent on compulsory leave, should be attached to the proceedings.
28 October 2024
- Technological advancements, regulatory changes, and shifting consumer expectations have created a landscape where long-term planning feels more like a gamble.
28 October 2024
- Nairobi, the biggest spender over the 11 years to June 2024, spent Sh278.4 billion, largely being disbursements from the Treasury (Sh173.2 billion) and its own revenues (Sh105.2 billion).
28 October 2024
- The stock traded within a range of Sh4.07 and Sh4.50 per share, moving 594,300 units on the day for a total traded turnover of Sh2.48 million.
28 October 2024
- Fresh data from CBK indicates that Kenyans in the diaspora sent home $418.5 million in September, adding to the cumulative $3.22 billion remitted during the eight-month period to August this year.
28 October 2024
- The content creation and social media influencing space has grown exponentially, now worth $250 billion. Creators have evolved from just entertaining, to earning millions directly from social media platforms as seen in the latest Forbes top creators…
28 October 2024
- GCR has cited Police Sacco’s solid asset quality in contrast to peers in the savings and credit cooperatives sector and its strong capitalisation and reliable funding.
28 October 2024
- It is crucial for emerging markets to adopt energy strategies that align with their specific realities and address the needs and priorities of their citizens.
28 October 2024
- NSE data shows that the price of the 8.5-year IFB sold in February 2024 has gone up to Sh112.96 per unit of Sh100, implying high demand from buyers.