- NOV 11 – Geopolitical tensions and economic uncertainties, which can be partly attributed to people’s uneasiness after the pandemic, are temporary and will not impair the attractiveness of the Chinese market, whose importance and high quality cannot be overlooked, Kathy Bloomgarden, CEO of…
- NAIROBI, Kenya, Nov 11 – Nairobi Chapel has kicked off a Sh150 million fundraising campaign to establish the LOGOs Education Endowment Fund, aiming to support deserving students across Kenya who face financial challenges. The endowment fund will build on the LOGOs Scholarship Fund, which has…
- NOV 11 – When dairy farmer Patrick Holden sat down at his kitchen table to read his emails one day in July, he couldn’t believe his luck. A buyer, who claimed to represent a French supermarket chain, wanted to buy 22 tonnes of Hafod, his specialist cheddar. “It was the biggest order for our cheese…
- NAIROBI, Kenya, Nov 10 – The National Biosafety Authority has revealed that seven crops undergoing genetic modification in the country have either advanced to the confined field trial or the environmental release stage. A confined field trial (CFT) is a controlled experiment that tests the…
- NOV 11 – The price of bitcoin has risen above $80,000 (£62,000) for the first time ever, after Donald Trump’s decisive victory in the US election last week. It comes as the Republicans are edging closer to overall control of Congress after having already secured the presidency and a majority in the…
- NOV 11 – Indian full-service carrier Vistara will operate its last flight on Monday, after nine years in existence. A joint venture between Singapore Airlines and the Tata Sons, Vistara will merge with Tata-owned Air India to form a single entity with an expanded network and broader fleet. This…
- NAIROBI, Kenya, Nov 11 – President William Ruto has affirmed the government’s commitment to the genetic preservation of the two remaining Northern White Rhinos in the world, which are held at the Ol Pejeta Conservancy in Laikipia. Speaking during the 20th anniversary celebration of the conservancy…
- NAIROBI, Kenya, Nov 10 – Kenyan industries are being encouraged to adopt Artificial Intelligence (AI) and other advanced technologies to strengthen the manufacturing sector. Speaking at the Kenya Industrialization Conference at KICC, Kenya Association of Manufacturers (KAM) Vice Chairperson Hitesh…
- NEW DELHI, Nov. 10 (Xinhua) — India’s foreign exchange (forex) reserves continued to decline for the fifth consecutive week, down by 2.675 billion U.S. dollars to 682.130 billion dollars during the week ended Nov. 1, showed the latest data released by the Reserve Bank of India. During the previous…
- NAIROBI, Nov. 10 (Xinhua) — Kenya has reaffirmed its commitment to strengthening ties with China in the tourism and cultural sectors, building on the success of the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) in September in Beijing, China’s capital. Benard Kahuthia, acting tourism…
- NAIROBI, Kenya, Nov 9 – The Kenya Tea Development Agency Holdings (KTDA) has completed the implementation of Systems, Application, and Products (SAP) software across its 71 managed tea factories nationwide. The rollout, which began in 2016, integrates key functions across KTDA’s tea value chain,…
- NAIROBI, Kenya, Nov 9 – Metrofile and the Kenya Association of Records Managers and Archivists (KARMA) have partnered to modernize record management in Kenya, supporting the Ministry of Information, Communications, and Digital Economy’s (MICDE) Strategic Plan (2023-2027). The collaboration,…
- NAIROBI, Kenya, Nov 9 – Homa Bay County is aiming to increase its revenue collection ahead of the Christmas season by capitalizing on its growing tourism sector. Under Governor Gladys Wanga, the county has seen significant economic growth, transforming from a low-performing rural area into a…
- NOV 9 – The UK could face a £22bn hit to its exports if Donald Trump imposes a blanket 20% tariff on all imports into the US, according to a new analysis. UK exports to the world could fall more than 2.6% due to lower trade with the US and knock-on effects globally, economists at […]
- NAIROBI, Nov. 9 (Xinhua) — Kenya’s foreign exchange reserves rose by a record 737 million U.S. dollars to reach a three-year high of 9.32 billion dollars as of Thursday, the Central Bank of Kenya (CBK) said in its weekly financial markets update released Friday evening. The reserves increased from…
- SYDNEY, Nov. 9 (Xinhua) — A sailor who fell overboard from a cargo ship off Australia’s east coast near Sydney has been found alive after spending almost 24 hours stranded at sea. The man went overboard from the Singapore-based bulk carrier Double Delight 8 km off the coast of Newcastle, a harbor…
- NAIROBI, Kenya, Nov 9 – Majid Al Futtaim, the operator of Carrefour in Kenya, has launched its 25th store at Runda Mall in Nairobi, marking a key milestone in its national expansion strategy. The new location offers self-checkout services, making it the fifth Carrefour outlet in Kenya to introduce…
- NOV 9 – A Brazilian businessman, with ties to one of the country’s most powerful criminal groups, has been shot dead at Guarulhos Airport in São Paulo. Antônio Vinicius Gritzbach had recently entered into a plea bargain with local prosecutors to provide information about Primeiro Comando da Capital…
- NAIROBI, Kenya, Nov 9 – The government will embark on a nationwide livestock vaccination programme against diseases in January next year, President William Ruto has announced. The President said 22 million cattle and 50 million goats and sheep will be vaccinated. He explained that the programme…
- NOV 8 – Vivo Energy Kenya, a Shell licensee, has launched a campaign to educate motorists on the benefits of high-quality fuel. The initiative, supported by a state-of-the-art lab in Nairobi’s Industrial Area, highlights the advantages of Shell FuelSave’s advanced additive technology. This…
- MOSCOW, Nov. 8 (Xinhua) — About 112,000 new passenger vehicles were imported to Russia in October, a monthly record for the last 12 years, Russia’s analytical agency Autostat said on Thursday. The previous record was set in August 2012, with around 120,000 new imported cars. Agency experts noted…
- NAIROBI, Kenya, Nov 8 – Small-scale rice farmers in Embu, Meru, and Tharaka Nithi Counties now have access to portable rice milling machines, eliminating the need to travel long distances for milling. Previously, these farmers faced high transport costs, poor rice quality, and high milling fees.…
- NAIROBI, Kenya, Nov 8 – Rosalyn Mugoh has been appointed the new Managing Director of Heritage Insurance Company Kenya Limited by Liberty Kenya Holdings. She assumes the position immediately, following the completion of all regulatory approvals. With over 14 years of executive experience in the…
- NAIROBI, Kenya, Nov 8 – South Africa has emerged as a crucial country for clinical trials in AstraZeneca’s global operations, playing a pivotal role in advancing medical research and delivering innovative treatments. Through groundbreaking efforts in respiratory, cardiovascular, and oncology…
- NAIROBI, Kenya, Nov 8 – Radisson Hotel Group has appointed Sandra Kneubuhler as Managing Director (MD) for its Sub-Saharan Africa operations. Based in Johannesburg, Kneubuhler will oversee the Group’s operations across English-speaking African countries. Kneubuhler, who joined Radisson in 2019,…
- NAIROBI, Kenya Nov 8 – The Mozilla Festival House (MozFest House) event, an innovative gathering focused on harnessing the potential of Artificial Intelligence (AI), data ethics, and nurturing community-driven technological alternatives will Kick off this November. The 3rd edition of the festivals…
- NOV 8 – A painting by an AI robot of the eminent World War Two codebreaker Alan Turing has sold for a record $1.3m (£1m) at auction. Sotheby’s said there were 27 bids for the digital art sale of “A.I. God”, which had been originally estimated to sell for between $120,000 (£9,252) and $180,000 (£139…
- NAIROBI, Kenya, Nov 8 – Domestic Value Added Tax (VAT) collection plunged by 26.3 percent in October due to reduced remittances from key sectors, the Kenya Revenue Authority (KRA) reported. The decline resulted in a Sh2.37 billion deficit, attributed to lower contributions from sectors such as…
- NOV 8 – Nissan has said it will lay off thousands of workers as it slashes global production to tackle a drop in sales in China and the US. The Japanese car making giant says it will cut 9,000 jobs around the world in a cost saving effort that will see its global production reduced […]
- NAIROBI, Kenya, Nov 8 – The Kenya Revenue Authority (KRA) has exempted tourists from declaring the International Mobile Equipment Identity (IMEI) numbers of their gadgets upon arrival, aiming to maintain seamless entry for visitors while enhancing tax compliance. Tourism Cabinet Secretary Rebecca…
- NOV 8 – The head of the US central bank has hit back at speculation that his post might be in jeopardy as Donald Trump prepares to assume power in Washington. Federal Reserve chairman Jerome Powell said he would not step down if Trump asked and that it is “not permitted under law” for the […]
- NOV 8 – China is expected to unveil new measures to boost its flagging economy, as it braces for a second Donald Trump presidency. Trump won the election on a platform that promised steep import taxes, including tariffs as high as 60% on Chinese-made goods. His victory is now likely to hinder Xi…
- NAIROBI, Kenya, Nov 8 – The Committee on Delegated Legislation, chaired by Ainabkoi MP Samuel Chepkong’a, has approved a legal notice to raise the road maintenance levy by Sh10 to Sh28 per liter for petrol and diesel. While concerns were raised about the impact on fuel prices, the Ministry of…
- SYDNEY, Nov. 8 (Xinhua) — A grassfire was ignited next to a runway at Sydney Airport following a reported engine explosion on a Qantas flight upon takeoff on Friday afternoon. Fire and rescue crews were deployed to the airport, the busiest in Australia, to extinguish the blaze next to the third…
- LONDON, Nov. 7 (Xinhua) — The Bank of England (BoE) on Thursday reduced interest rates for the second time this year, setting the rate at 4.75 percent, a 0.25 percentage-point decrease from the previous 5 percent. This adjustment brings rates to their lowest level in over a year, last seen below 5…
- NAIROBI, Kenya, Nov 7 – Lazarus Muema has been appointed Chairman of Family Bank’s Board of Directors following regulatory approval, replacing the late Francis Mungai, who passed away shortly after his appointment. Muema has been with the bank since 2017, serving as a Non-Executive Director and…
- NAIROBI, Kenya, Nov 7 – M-Kopa has announced that it has assembled over 1.5 million smartphones at its Nairobi-based facility, East Africa Device Assembly Kenya (EADAK). Since opening in January 2023 in partnership with Human Mobile Devices (HMD), EADAK has grown to become sub-Saharan Africa’s…
- JERUSALEM, Nov. 7 (Xinhua) — The Israeli Defense Ministry announced Thursday that it has signed a 5.2-billion-U.S. dollar deal with U.S.-based Boeing to acquire 25 advanced F-15 fighter jets. The ministry said in a statement that the deal is part of a broader aid package approved by the U.S.…
- LUSAKA, Nov. 7 (Xinhua) — Zambia’s national power utility has announced that consumers will have a power supply for seven hours a day, up from three hours. Zesco Limited said in a statement Wednesday that the daily rotational power supply hours were extended after tariffs were raised. “This…
- NAIROBI, Kenya, Nov 7 – The Kenya Revenue Authority (KRA) exceeded its monthly revenue targets in October, marking the first time since December 2021. KRA’s overall revenue collection surpassed targets by Ksh6.8 billion, achieving a performance rate of 103.3 percent. Exchequer revenue alone…
- BRUSSELS, Nov. 7 (Xinhua) — The year 2024 is on track to become the hottest on record, with annual global temperature projected to be 1.5 degrees Celsius above pre-industrial levels for the first time, the EU’s Copernicus Climate Change Service (C3S) said on Thursday. The C3S said it is now “…
- NOV 7 – Australia’s government says it will introduce “world-leading” legislation to ban children under 16 from social media. Prime Minister Anthony Albanese said the proposed laws, to be tabled in parliament next week, were aimed at mitigating the “harm” social media was inflicting on Australian…
- NAIROBI, Kenya, Nov 7 – Safaricom Group’s net profit fell by 17.7 percent to Sh28.1 billion in the half-year ending September 30, 2024, largely due to the depreciation of Ethiopia’s currency, the Birr. The Birr lost 106 percent of its value against the dollar, trading at 118.99. Despite the forex…
- NOV 7 – Donald Trump vowed on his campaign that he would tax all goods imported into the US if he won back the White House. Following his victory, businesses and economists around the world are scrambling to work out how serious he is. In the past, Trump has targeted tariffs at individual countries…
- NAIROBI, Kenya, Nov 7 – The Caucus of Patient-Led Organizations of Non-Communicable Diseases (NCDs) has urged the Social Health Insurance Fund (SHIF) to restore overseas treatment funding for patients needing specialized care unavailable in Kenya. In a press briefing, Caucus Chair Evans Majau…
- ADDIS ABABA, Nov. 6 (Xinhua) — Ethiopian Airlines has received its first Airbus A350-1000, becoming the first African carrier to operate the largest model in the A350 family. The passenger plane, named “Ethiopia: Land of Origins,” landed Tuesday at the Bole International Airport in Addis Ababa, the…
- TOKYO, Nov. 6 (Xinhua) — Japanese automaker Toyota Motor Corp. said Wednesday its net profit for the first half of the fiscal year (April to September 2024) fell 26.4 percent to 1.91 trillion yen (about 12.3 billion U.S. dollars). The decline was mainly attributed to issues like certification…
- COLOMBO, Nov. 6 (Xinhua) — Sri Lanka’s Cabinet of Ministers has approved the construction of 1,996 housing units for low-income families with funding provided by the Chinese government, cabinet spokesperson Vijitha Herath announced on Wednesday. At a press conference detailing the cabinet’s…
- NAIROBI, Kenya, Nov 6 – NCBA Bank has forecasted a 4.8 percent GDP growth for Kenya in 2024, attributing the optimistic outlook to lower inflation and a favorable external environment. This projection aligns with the International Monetary Fund’s (IMF) anticipated 3.1 percent global GDP growth for…
- NOV 6 – The dollar has surged as Donald Trump is now projected to have won the presidency and will re-enter the White House. Bitcoin has also hit a record high while traders bet on potential tax cuts, increased tariffs, and rising inflation under Trump’s second term. This election result will have…
