- Koros emphasized the significance of resolving persistent waiting times in the processing of claims, citing the NSSF's track record of up to a year-long claim delay
- LOS ANGELES, May 6 (Xinhua) — NASA and Boeing postponed the launch of the first crewed mission of Starliner spacecraft on Monday due to technical issues. The spacecraft was scheduled to launch on a United Launch Alliance Atlas V rocket at 10:34 p.m. Eastern Time Monday (0234 GMT Tuesday) from Space…
- NAIROBI, Kenya, May 7 – The Kenya Revenue Authority (KRA) has directed employers and individuals across the country to remit housing levy deductions by May 9, 2024. The taxman also reminded employers that the Affordable Housing Levy (AHL) will be charged at the rate of 1.5 percent, including gross…
- May 7 – The US has opened a new inquiry into troubled jet firm Boeing, after the company told air safety regulators that it might not have properly inspected its 787 Dreamliner planes. The Federal Aviation Administration (FAA) said it would look into whether staff had falsified records. It said…
- NAIROBI, Kenya, May 7 – The Kenya Airways (KQ) manager in the Democratic Republic of Congo, who was detained in Kinshasa over missing customs documentation on “valuable” cargo, has been released. According to Kenya’s foreign affairs principal secretary, Korir Sing’oei, Lydia Mbotela was released on…
- COLOMBO, May 6 (Xinhua) — The Sri Lanka government on Monday decided to maintain the existing 50 U.S. dollar fee for a 30-day single entry visa for foreigners visiting the country, the President’s Media Division (PMD) said. The PMD added that the free visa service currently offered to citizens of…
- NAIROBI, Kenya, May 6 – The Kenya Railways (KR) has announced the resumption of commuter train services on four routes that had halted operations due to floods. In a statement, the KR managing director stated that the four routes, which include Embakasi village, Lukenya, the SGR Link train, and…
- JAKARTA, May 6 (Xinhua) — Indonesia’s economy grew by 5.11 percent year on year in the first quarter of this year, Statistics Indonesia BPS announced on Monday. The quarterly growth marks the highest for a first quarter since 2015, said acting head of BPS Amalia Widyasanti, adding the Southeast…
- NAIROBI, Kenya, May 6 – The National Cereals and Produce Board (NCPB) has suspended Joseph Kimote as MD amid fertilizer scandal charges. Samuel Karogo, who currently serves in the organization as Finance and Accounting General Manager, will occupy the new post in an acting capacity. NCPB chairman,…
- NAIROBI, Kenya, May 6 – Equity Bank is Kenya’s most valuable company, a new global ranking shows, coming on the back of regional and local expansions. Brand Finance, the world’s brand valuation consultancy, data reveals that the lender recorded a brand value increase of 1 percent to Sh65.8 billion…
- ISTANBUL, May 6 (Xinhua) — Turkish authorities have decided to impose fines totaling 1.9 million U.S. dollars on businesses found guilty of exorbitant price increases and stockpiling, amid high inflation, the Turkish Trade Ministry said on Monday. The ministry said on the social media platform X…
- NAIROBI, Kenya, May 6 – The East African Security Regulatory Authorities (ESRA) have agreed to develop regional frameworks for sustainability-linked financing and carbon credit markets in the region. In a statement, ESRA stated that the framework would be pivotal in providing sustainability-linked…
- NAIROBI, Kenya, May 6 – Kenya’s private sector recorded a stable business operating condition in the month of April 2024. Stanbic Bank Kenya’s Purchasing Manager’s Index (PMI) attributes the above to an improvement in sector activities,which improved from 49.7 recorded last month to 50.1. A PMI…
- NAIROBI, Kenya, May 6 – Kenya’s private sector recorded a stable business operating condition in the month of April 2024. Stanbic Bank Kenya’s Purchasing Manager’s Index (PMI) attributes the above to an improvement in sector activities,which improved from 49.7 recorded last month to 50.1. A PMI…
- NAIROBI, Kenya, May 6 – Kamukunji Member of Parliament, Yusuf Hassan, has urged business entities to invest heavily in Eastleigh. Speaking during a meeting where Crown Paint met with Somali property developers in Eastleigh, Hassaan stated that the peaceful nature of the area now provides an ideal…
- NAIROBI, Kenya, May 6 – Pullman Hotels and Resorts, a hospitality brand by Accor, is set to open its Upper Hill Branch in Nairobi come June 2024. The Hotel will be the first ever Pullman Accor branded in Kenya and the East Africa region. According to the hotelier, the new establishment, which will…
- HANOI, May 6 (Xinhua) — Prices of the Vietnamese rice in the global market rose by 3 to 8 U.S. dollars per ton last week, helping the Southeast Asian country return to the top position in terms of export rice prices, Vietnam News Agency reported Monday, citing the Vietnam Food Association. The…
- NAIROBI, Kenya, May 6 – Global apparel and footwear manufacturer Youngone will set up an apparel and footwear factoryat the Athi River Export Processing Zone. This was announced yesterday by Cabinet Secretary for the Ministry of Trade and Industrialization, Rebecca Miano. Upon completion, the…
- NAIROBI, Kenya, May 6 – Asset financier MOGO has opened its first-ever electric motorbike showroom in Nairobi, targeting boda boda operators. The company says it is keen on fostering the adoption of environmentally friendly transportation in the country. The showroom located along Jogoo Road in…
- NAIROBI, Kenya, May 6 – Kesh Kesh Cafe Limited has been removed from the list of registered companies in Kenya. Through a gazette notice, the registrar of companies, Joyce Koech, stated that the café registration was canceled due to failure to adhere to Section 58 of the Companies Act 2015. “…
- HOUSTON, May 6 (Xinhua) — Dozens of Chinese and U.S. entrepreneurs gathered here at a forum on Sunday to foster future cooperation amid challenges in both traditional and new energy fields. Addressing the 10th China-U.S. Energy Enterprise Cooperation Forum, U.S. Congressman Al Green, who has…
- SYDNEY, May 6 (Xinhua) — Australia’s largest domestic and international airline Qantas confirmed on Monday that it would pay 120 million Australian dollars (about 79.4 million U.S. dollars) in fines and compensation for allegedly selling tickets on canceled flights. That came as part of the…
- NAIROBI, Kenya, May 6 – The Association of Startups and SMEs Enablers of Kenya (ASSEK) now demands startups and small and medium enterprises (SMEs) business support be decentralized to counties to support innovations. In its recent report, ASSEK recommends that innovation and entrepreneurship…
- TOKYO, May 5 (Xinhua) — Japan’s estimated child population as of April 1 stood at 14.01 million, marking a fall for the 43rd straight year, government data showed. The number of children aged 14 or younger, including foreigners, dropped 330,000 from a year before to hit its record low since…
- NAIROBI, Kenya, May 5 – Kenya’s rum market is poised for a significant surge, with a projected valuation of Sh2 billion ($18.2 million) by 2028, according to a new industry report. This marks a substantial leap from the estimated Sh1.6 billion ($12.3 million) valuation in 2024, a 7.31 per cent…
- WASHINGTON — US employers added fewer-than-expected 175,000 jobs in April, with the unemployment rate again ticking up to 3.9 percent, the US Labor Department reported Friday. Job gains occurred in health care, social assistance, and transportation and warehousing, according to the department’s…
- NAIROBI, Kenya, May 5 – Packaging solutions provider Dune has announced a minority equity investment injection by Ascent Rift Valley Fund II. The company says the move is anchored on bolstering growth and expanding its market presence. Ascent Rift Valley Fund II aims to support Dune Packaging’s…
- YANGON, May 4 (Xinhua) — The scorching temperatures gripping many parts of Myanmar have significantly impacted people’s daily lives, particularly affecting the livelihoods of taxi drivers. The reports released by Myanmar’s Department of Meteorology and Hydrology showed that many areas in the…
- MOMBASA, Kenya, May 3 (Xinhua) — Four African transport ministers agreed on Friday to expedite the completion of the remaining sections of the high-speed Standard Gauge Railway (SGR) from Naivasha, Kenya, to regional countries. The ministers of transport from Kenya, Uganda, the Democratic Republic…
- TUNIS, May 4 (Xinhua) — Tunisian Prime Minister Ahmed Hachani urged Tunisian and foreign economic operators to invest in economic zones to boost the country’s economic growth and sustainable development, the Tunis Afrique Presse reported on Friday. He made the appeal at a small cabinet meeting,…
- NAIROBI, Kenya, May 4 – The Kenya Tobacco Industry has urged the Ministry of Health to reconsider the proposal to introduce graphic health warning signs to tobacco free, smokeless nicotine products. Speaking in Embu during a public participation exercise for the consideration of the draft graphic…
- JERUSALEM, May 3 (Xinhua) — Israeli Ministry of Foreign Affairs announced on Friday several measures to be taken against Türkiye following the latter’s decision to halt all trade activities with Israel due to “non-stop violence” against Palestinians in the Gaza Strip. The ministry said in a…
- ROME, May 3 (Xinhua) — Global food prices rose for the second consecutive month in April, the United Nations Food and Agriculture Organization (FAO) reported Friday. It was the first time they rose in consecutive months in more than two years, FAO said. A significant increase in prices for meat,…
- NAIROBI, Kenya, May 4 – The government has released over Sh2.08 billion for the April payment to beneficiaries enrolled in the Inua Jamii Program. In a statement, the principal secretary of Social Protection and Senior Citizen Affairs, Joseph Motari, stated that the state has further released Sh7…
- BY ALMA NUMIĆ NAIROBI, Kenya, May 3 – Conversational messaging channels are witnessing rapid growth, reflecting a growing consumer desire for stronger connections with the brands they support. Whether customers engage with a human agent, a chatbot, or a combination of both, conversational support…
- NAIROBI, Kenya, May 3 – WhatsApp remains the most popular online platform in Kenya, leading with 22 percent of the market share, according to the latest report on the state of the media in the country released by the Media Council of Kenya (MCK). Facebook and video sharing platform YouTube account…
- GUANGZHOU – Chinese home appliance giant Midea Group saw its revenue rise 10 percent year-on-year to 106.5 billion yuan ($14.99 billion) in the first quarter of 2024, the company said on Monday. It was its highest quarterly revenue since the second quarter of last year, when it raked in 101.2…
- NAIROBI, Kenya, May 3 – The Kenyan government launched the first Electric Mobility Draft Policy, setting in motion plans to adopt and accelerate the use of electric vehicles (EVs) in the country. During the event, the Cabinet Secretary, Roads and Transport, Kipchumba Murkomen, said the document…
- KISUMU, Kenya, May 3 – Beach Management Units (BMUs) along the Lake Victoria Basin have called for help in the wake of floods, which have affected several landing beaches, thus threatening a shortage of fish in the country. Tom Guda, National Chair, BMU Network Kenya, says the fishing community has…
- NAIROBI, Kenya, May 3 – KenGen plans to raise Masinga Dam by 1.5 meters to contain water overflow and hold more water during heavy rainy seasons. Already, the level of water at the dam, which is Kenya’s largest power-generating reservoir, has reached 1,058.22 meters, above its holding capacity of 1…
- BERLIN, May 3 (Xinhua) — Around 693,000 children were born in Germany in 2023, the lowest level since 2013, the Federal Statistical Office (Destatis) said on Thursday. The number also marked a 6.2 percent drop compared to the previous year, according to figures published by Destatis. Meanwhile, the…
- CAIRO, May 2 (Xinhua) — China’s home appliance giant Haier inaugurated Thursday its first industrial park in Egypt in 10th of Ramadan, a city northeast of Cairo. Haier Smart Home Co., Ltd., a subsidiary of the Haier Group, invests 135 million U.S. dollars to build the Haier Egypt Ecological Park.…
- NAIROBI, Kenya, May 3 – The government will have to spend Sh7.8 billion to absorb 8,571Universal Health Coverage (UHC) staff into permanent positions. However, the state says that it only has Sh4.23 billion in the national budget. In a letter directed to the Head of Public Service Commission Simon…
- ANKARA, May 3 (Xinhua) — Türkiye halted all trade activities with Israel as of Thursday due to the latter’s “non-stop violence” against Palestinians in the Gaza Strip, the Turkish Trade Ministry said. The move follows Türkiye’s imposition of restrictions on an array of exports to Israel since last…
- SAN FRANCISCO, May 3 (Xinhua) — Apple on Thursday announced financial results for its fiscal 2024 second quarter ending March 30, with a quarterly revenue of 90.8 billion U.S. dollars, down 4 percent year over year. The company posted its quarterly earnings per diluted share of 1.53 dollars, one…
- NAIROBI, Kenya, May 3 – The Competition Authority of Kenya (CAK) has approved the full acquisition of Shanta Gold Limited Company by Saturn Resources Limited. Saturn Resources Limited, which is under ETC Group, an investment company with assets in a diverse range of industries, including logistics…
- NAIROBI, Kenya, May 2 – At the recent World Economic Forum gathering in Riyadh, Saudi Arabia, one topic echoed loudly throughout the discussions: the urgent need for sustainable energy solutions to address the pressing challenges of climate change and environmental degradation. Among the prominent…
- MANILA, May 2 (Xinhua) — The Philippines’ debt reduced to 14.93 trillion pesos (roughly 259 billion U.S. dollars) as of end-March, 1.67 percent lower than the country’s outstanding debt recorded in end-February, the Philippines’ Bureau of Treasury said on Thursday. The bureau attributed the…
- NAIROBI, Kenya, May 2 – Payless Africa, a fintech that focuses on digital payments, has launched its Kenyan operations. The firm says that it will leverage technology and target youth to drive its agenda. Its CEO, Kev Muley, said that the firm seeks to provide affordable payment solutions,…
- MOSCOW, May 2 (Xinhua) — Russia’s largest carmaker AvtoVAZ in April registered a 12-year high in record monthly sales of its Lada vehicles, the company said Thursday. According to a statement, sales of Lada commercial and passenger vehicles in Russia amounted to 45,551 units in April, up 64.8…