- NAIROBI, Kenya, Mar 13 – IWG, a global provider of flexible workspace solutions, has partnered with Karsan Ramji (Ndovu Cement) to launch its first co-working space on Mombasa Road at the prestigious Purple Tower. The collaboration initiates IWG’s presence in Kenya, catering to the growing demand…
- NAIROBI, Kenya, Mar 13 – National Bank of Kenya (NBK) has reported a new profit of Sh1.06 billion for the full year of 2025, a bounce back from a loss of Sh3.3 after-tax loss recorded during a similar period last year. Revenue growth was driven by balance sheet optimization and digital…
- VIENNA, March 13 (Xinhua) — The Organization of the Petroleum Exporting Countries (OPEC) has announced that its previous forecasts for global oil demand growth in 2025 and 2026 remain unchanged. In its monthly oil market report released on Wednesday, OPEC projects an increase in global oil demand.…
- NAIROBI, Kenya, Mar13 – Safaricom says it is keen on leveraging Artificial Intelligence (AI) to spur its customers experience. This is part of its ongoing transformation agenda anchored on sustaining digital transformation as a key player in the technology industry. The telco says it is already…
- NAIROBI, Kenya, Mar 13 – Agriculture & Livestock Development Cabinet Secretary (CS) Mutahi Kagwe has directed the destruction of 27,518 bags of expired fertilizer stored in various National Cereals and Produce Board (NCPB) facilities across the country. The Kenya Bureau of Standards (KEBS) will…
- MAR 13 – US President Donald Trump has pledged to impose more tariffs after his latest move to introduce import taxes on steel and aluminium entering the US prompted retaliation from the European Union (EU) and Canada. Trump said that “of course” he would respond to the countermeasures, repeating…
- NAIROBI, Kenya, Mar 12 – Kenya’s economy is set for a steady expansion in 2025, with GDP projected to grow by 4.7 percent year over year, according to the latest Economic Outlook 2025 report by the Mastercard Economics Institute. This growth outpaces the global average of 3.2 percent, underlining…
- NAIROBI, Kenya, Mar 13 – Business ownership increased by 7 percentage points (pp) in 2025, while full-time employment — as the main source of income — declined by 5 pp year-on-year. According to Tala’s MoneyMarch 2025 report, Kenyans in both full-time and part-time employment have pursued fewer…
- By Tsvetina Chankova MAR 13 – The 12th Sankalp Africa Summit, held on Feb 26-27 in Nairobi, brought together a pivotal cohort of start-up innovators, investors, entrepreneurs and policymakers to accelerate the innovation needed to enhance Africa’s energy transition. The summit ignited lively…
- WASHINGTON, March 13 (Xinhua) — Senate Minority Leader Chuck Schumer, a Democrat from New York, said Wednesday that Democrats would oppose the stopgap government funding bill passed by the Republican-controlled House, raising uncertainty about whether Congress can prevent a shutdown before the…
- NAIROBI Kenya, Mar 13 – The Kenya Revenue Authorities investigators have arrested 18 suspects in Eastleigh, Nairobi, for orchestrating a sophisticated cargo dumping scheme to evade taxes in a major crackdown on tax evasion. The operation, led by Kenya Revenue Authority (KRA) investigators in…
- MAR 13 – With Donald Trump’s tit-for-tat tariffs on India looming next month, millions of Americans may have to brace for steeper medical bills. Last week, Indian Commerce Minister Piyush Goyal made an unscheduled trip to the US for discussions with officials, hoping to strike a trade deal. It…
- NAIROBI, March 13 (Xinhua) — Kenya’s Ministry of Health announced Wednesday that it has developed a roadmap to strengthen domestic health financing as overseas support dwindles. Debra Barasa, cabinet secretary in the Ministry of Health, said the initiative follows Kenya’s reclassification from a…
- NAIROBI, Kenya, Mar 13 – The Capital Markets Authority (CMA) has clarified the status of Genghis Capital Limited, stating that the firm has not been placed under statutory management. CMA, in a statement released, emphasized that the company is currently in discussions to resolve outstanding…
- NAIROBI, Kenya, Mar 13 – The Competition Authority of Kenya (CAK) has approved the merger between Mobius Motors and Silver Box after a thorough evaluation of the proposed transaction. The decision was made following a review of the parties’ financial standing, which indicated that their combined…
- NAIROBI, Kenya, Mar 12 – Kenya today hosted the largest Artificial Intelligence (AI) conference in Africa, solidifying its status as the continent’s Silicon Savannah. This significant event, organised by Microsoft as part of its global AI Tour, occurred against a backdrop of rapid AI adoption by…
- NAIROBI, Kenya, Mar 12 – Kenya Commercial Bank (KCB) has reported a 64.9 percent growth in net profit for the full year of 2024, soaring to Sh61.8 billion, up from Sh37.5 billion during the same period in 2023. The lender says the performance is driven by robust topline growth across all business…
- NAIROBI, Kenya, Mar 12 – Ghana International Bank (GHIB) and British International Investment (BII) have announced a $50 million trade finance facility to support businesses in Sierra Leone, Liberia, The Gambia, Benin, the Democratic Republic of Congo (DRC), Rwanda, and Tanzania. The facility,…
- NAIROBI, Kenya, Mar 12 – International Housing Solutions (IHS) Kenya and KCB Bank Kenya have announced a strategic partnership to accelerate the development of green affordable housing in the country. The partnership, unveiled at IHS’s Tilisi Development PLC site in Limuru, Kiambu County, will see…
- MAR 12 – People protesting against Tesla should be labelled domestic terrorists, President Donald Trump said on Tuesday at a White House media event designed to bolster Elon Musk’s electric car company. Trump sat in the driver’s seat of a brand new red Tesla that he said he planned to buy, with…
- NAIROBI, Kenya, Mar 12 – An unknown number of employees working with OLA Energy, a fuel retailing company, are set to lose their jobs as the firm moves to boost profitability and increase market share over the next five years. In a statement, the firm attributed current unsustainable fixed costs to…
- MAR 12 – The US Department of Education is planning to cut about half of its workforce, as the Trump administration works to slash the size of the federal government. The mass layoffs will affect nearly 2,100 people who are set to be placed on leave from 21 March. Trump has long sought to eliminate…
- NAIROBI, Kenya, Mar 12 – Kenya Electricity Generating Company (KenGen) has disbursed Sh3 billion in dividends to the National Treasury for the financial year ending June 30, 2024, following a strong financial performance that saw the company post a Sh6.8 billion net profit. Speaking during the…
- WASHINGTON, March 12 (Xinhua) — The U.S. House of Representatives passed a bill on Tuesday to avert a partial government shutdown starting this weekend by funding federal agencies through September. The bill was passed by the Republican-controlled House with a 217-213 vote. It still needs support…
- NAIROBI, Kenya, Mar 12 – Cabinet has approved a set of new initiatives aimed at enhancing the tourism sector, focusing on improving competitiveness, sustainability, and attracting more international visitors. This includes scaling up eco-tourism, expanding community-based tourism, and enhancing…
- SINGAPORE, March 12 (Xinhua) — Singapore’s authorities have issued a warning about scams involving artificial intelligence (AI)-powered digital manipulation, where fraudsters use synthetic media to impersonate high-ranking executives and deceive employees into transferring company funds. In a joint…
- NAIROBI, Kenya, March 12 – The liquidator of the troubled Awe Diaspora Savings and Credit Co-operative Society Limited has issued an official notice regarding the admission of claims. Susan Ong’ondi, who was appointed as the liquidator, has set May 5, 2025, as the final deadline for shareholders…
- MAR 12 – Global sales of smartwatches have fallen for the first time, new figures indicate, in large part due to a sharp decline in the popularity of market leader, Apple. Market research firm Counterpoint says 7% fewer of the devices were shipped in 2024 compared to the year before. Shipments of…
- NAIROBI, March 12 (Xinhua) — Kenya Wildlife Service (KWS) on Tuesday launched a wildlife restocking initiative to introduce new species at a coastal biodiversity hotspot. The reintroduction of majestic species at Shimba Hills National Reserve, located in Kwale County on the south coast of Kenya,…
- NAIROBI, March 12 (Xinhua) — Kenya Wildlife Service (KWS) on Tuesday launched a wildlife restocking initiative to introduce new species at a coastal biodiversity hotspot. The reintroduction of majestic species at Shimba Hills National Reserve, located in Kwale County on the south coast of Kenya,…
- NAIROBI, Kenya, Mar 11 – HEVA Fund has announced a $5 million investment in the creative industry through two newly launched financial products, Ota Kopa and Ota Kopa Plus, aimed at increasing financial access for creative entrepreneurs. In partnership with Longitude Capital, Tenakata Ltd., Kenya…
- NAIROBI, Kenya, Mar 11 – The Controller of Budget (CoB), Margaret Nyakang’o, has warned that critical government oversight functions risk being crippled due to severe funding shortfalls. One of the most affected areas is the automation of financial oversight processes, a crucial step aimed at…
- BERLIN, March 11 (Xinhua) — Operations at 13 major German airports resumed on Tuesday following a large-scale strike that had disrupted air travel across the country. While flights have restarted, terminals remain crowded as airlines work to clear backlogs caused by Monday’s walkout. A spokesperson…
- NAIROBI, Kenya, Mar 11 – Expansion of the Rironi-Mau Summit Road will start this June after the Cabinet approved the widening of the single-way carriageway to a four-lane dual highway. The 170-kilometer project, which will take 24 months to be finished, is part of the government’s broader…
- MAR 11 – An Albanian national who travelled to the UK illegally has told the BBC how his life became “unbearable” after he ended up working on a cannabis farm. Gzim, who wished to remain anonymous, was one of more than 12,600 Albanians who made the trip to the UK by small boat in 2022 […]
- NAIROBI, Kenya, Mar 11 – Commuter service operator CBS Sacco has entered a deal with KCB Bank Kenya to finance the acquisition of 150 new buses at Sh8 billion. Additional passenger service vehicles will enable the firm to expand its transport services in Nairobi County. The financing follows an…
- By Jean Karienye MAR 11 – We live in a generation where much of our lives reside online. In the digital world, we do our banking, music purchases, bill paying, social planning, and even parts of our job. This increased reliance on the Internet and digital networks brings risks along with the…
- WASHINGTON, March 11 (Xinhua) — U.S. President Donald Trump announced early Tuesday that he would buy “a brand new Tesla” to show “confidence and support for Elon Musk.” In a post on Truth Social early Tuesday, Trump said that Musk, in charge of the Department of Government Efficiency, is “doing a…
- NAIROBI, Kenya, Mar 11 – The Kenya Revenue Authority (KRA) is set to release an internal audit report next week to assess the ethnic composition of its workforce, following concerns over regional bias in recruitment. A senior KRA official acknowledged public concerns that the tax authority had…
- NAIROBI, March 11 (Xinhua) — Kenya is currently hosting an estimated 829,211 refugees and asylum seekers, up from 823,932 at the end of 2024, a senior government official said on Monday. Kipchumba Murkomen, cabinet secretary in the Ministry of Interior and National Administration, told journalists…
- MAR 11 – Stock markets fell sharply in the US on Monday as investors raised concerns about the negative economic impact of President Donald Trump’s tariffs. It followed the president saying in a TV interview that the world’s biggest economy was in a “period of transition”, when asked about…
- WASHINGTON, March 11 (Xinhua) — U.S. Secretary of State Marco Rubio said on Monday that more than 80 percent of the programs sponsored by the U.S. Agency for International Development (USAID) would be canceled. After a 6-week review, the Trump administration is “officially cancelling 83% of the…
- NAIROBI, Kenya, Mar 11 – The Court of Appeal has dismissed an appeal by Telkom Kenya, ruling in favor of unionisable employees who had been subjected to discriminatory bonus payments by their employer. The appellate court, in its ruling, found that the telco had violated the terms of its Collective…
- NAIROBI, Kenya, Mar 11 – In many African societies, pregnancy loss and miscarriages are often not discussed. Many times couples usually keep quiet and endure their grief in silence after losing their unborn child. Yvonne and Michael’s journey to get their first baby was marked with 3 rounds of…
- NAIROBI, March 11 (Xinhua) — Kenyan President William Ruto on Monday presided over the groundbreaking ceremony for the protection and restoration of the Nairobi River Basin, a project to be implemented by Energy China. Senior government officials, executives from Energy China, and environmental…
- MAR 11 – Elon Musk’s social media platform X, formerly known as Twitter, experienced massive outages throughout Monday morning that impacted thousands of users in the US and UK. The outage came as platform monitor Downdetector said it had seen tens of thousands of reports from US users of technical…
- MAR 10 – A sell-off in the US stock market gathered steam on Monday, fuelled by rising concern about the cost of the trade war to the world’s largest economy. The S&P 500, which tracks the biggest American companies, fell about 2% in early trade, while the Dow Jones dropped 0.9% and the Nasdaq…
- NAIROBI, Kenya, Mar 10 – Two petitioners have urged the Judiciary to deem the Kenya National Public Health Institute (KNPHI) unconstitutional, arguing that it was illegally established and operated. Petitioners Marage Gikenyi and Eliud Karanja claim that public health is a devolved function, making…
- STOCKHOLM, March 10 (Xinhua) — European arms imports saw a significant increase in 2020-2024, said a leading Swedish think tank in a report Monday. Data from the Stockholm International Peace Research Institute reveals that European arms imports surged by 155 percent between 2020 and 2024 compared…
- DAKAR, Senegal, Mar 10 – Logidoo, a digital logistics platform transforming transportation across Africa, has launched TexMiles, a joint venture aimed at reshaping last-mile delivery in West Africa. Headquartered in Dakar, Senegal, TexMiles will address the rising demand for digital commerce by…
