- VIENNA, Nov. 4 (Xinhua) — Eight member countries of the OPEC+ oil-producing group anounced on Sunday to further extend their voluntary output cuts by a month, pushing the reductions through the end of December in response to ongoing weak oil prices. OPEC+ comprises the Organization of the Petroleum…
- NAIROBI, Kenya, Nov 4 – Uber has partnered with Safaricom to provide free data bundles to drivers, delivery partners, and riders using the Uber and Uber Eats apps. In this arrangement, Safaricom has zero-rated the Uber apps, allowing free access with Uber covering the costs. This collaboration also…
- NAIROBI, Kenya, Nov 4 – Kenyan recruitment platform BrighterMonday has teamed up with ed-tech company Arifu to launch the #BeaBossLady initiative, a program designed to support and empower women aged 18-35 across Kenya, Uganda, and Nigeria. This innovative program offers free, tailored micro-…
- TOKYO, Nov. 4 (Xinhua) — The Japanese government is unlikely to present its planned cybersecurity bill by the end of this year due to political uncertainties following the recent general election, Kyodo News reported Sunday, citing government sources. Initially intended for the autumn parliamentary…
- NAIROBI, Kenya, Nov 4 – Tourism stakeholders are urging the government to lower taxes in the sector, especially as the festive season approaches, to boost tourist numbers. At a Tamarind Tree Hotel event, General Manager John Musau advocated for reduced levies on services like game drives, which he…
- NOV 3 – Chidinma Emeneka is struggling to keep her business afloat amid power outages in Lagos. The reception is poorly lit and a small fan barely moves the humid air as staff at Chidinma Emeneka’s laundry service in Nigeria’s commercial capital, Lagos, wait for the generator to kick in. It roars…
- BEIJING, Nov. 3 (Xinhua) — Amid growing competition in artificial intelligence (AI) development, experts attending the 2024 Beijing Forum have emphasized the need to enhance the collaboration between China and the United States in the field of AI. China and the United States are among the leading…
- NOV 3 – Residents of Nairobi City will soon enjoy increased supply of clean drinking water as the Northern Collector Tunnel in Murang’a is near completion, President William Ruto has announced. He said the 11.8km tunnel will bring 140,00 cubic meters of additional water to the capital city daily, a…
- NOV 3 – Bitcoin underpins a two trillion-dollar cryptocurrency industry, is now traded by the world’s biggest investment houses and is even an official currency in one country. But despite its meteoric rise, a deep mystery remains at its heart: what is the true identity of its founder, the elusive…
- NAIROBI, Kenya, Nov 3 – As of June 30, 2024, the Kenya Revenue Authority (KRA) received 8 million tax returns, exceeding its target by 26%, President William Ruto revealed during the Taxpayers’ Day awards on Friday. President Ruto commended Dr. Lillian Nyawanda, Commissioner of Customs and Border…
- ACCRA, Nov. 2 (Xinhua) — Ghana on Friday launched its first 5G network to boost the country’s digital transformation and economic growth. The 5G network was built by Next-Gen InfraCo, a consortium of telecommunication service companies, which received exclusive rights for 10 years to roll out 5G…
- NAIROBI, Kenya, Nov 2 – The Treasury has proposed a 6 percent Significant Economic Presence Tax (SEPT) targeting digital firms in Kenya, including ride-hailing, food delivery platforms, and freelance services. SEPT aims to replace the current Digital Service Tax, increasing the rate from 1.5…
- NOV 2 – Jobs growth in the US slowed sharply in October as hurricanes and strikes disrupted the economy. Employers added 12,000 jobs last month, much lower than the 223,000 created in September, according to the Labor Department. But while hiring slowed, the unemployment rate held steady at 4.1%.…
- NAIROBI, Kenya, Nov 2 – The Kenya Revenue Authority (KRA) has recovered Sh4.22 billion through public reports of corruption and tax evasion submitted on its iWhistle platform. During the Taxpayers’ Day awards on Friday, President William Ruto announced that 883 cases of malpractice were reported,…
- NAIROBI, Kenya, Nov 2 – The persistent challenges surrounding women’s access to land, credit, and technology in agribusiness were brought to the forefront today at the Women in Agribusiness Leadership Summit 2024 (WIAS). NARK Kenya Chairperson Marth Karua highlighted the systemic barriers that…
- NAIROBI, Kenya Nov 2 – Pan African asset finance solutions provider Watu has scored a milestone by selling more than one million mobile devices in the Kenyan market. Through its Watu Simu subsidiary and in partnership with device manufacturers such as Samsung Mobile, the firm achieved a rare feat…
- NAIROBI, Kenya Nov 2 – G20 Ministers have called for urgent reforms in Multilateral Development Banks (MDBs) and global debt structures for increased support to African countries most hit by climate change and economic instability. The finance ministers approved a roadmap for MDB reforms aimed at…
- DAR ES SALAAM, Nov2 (Xinhua) — The central bank of Tanzania on Friday reiterated its move to withdraw old Tanzanian shilling banknotes from circulation. Ilulu Ilulu, acting director of currency management at the Bank of Tanzania (BoT), said the withdrawal of the old banknotes will be conducted from…
- NAIROBI, Kenya Nov 2 – Ministry of Trade, Investments and Industry in conjunction with the National Treasury have announced plans to introduce the Business Laws (Amendment) Bill, 2024, following public consultations aimed at improving regulations governing manufacturers, investors, and consumer…
- Nairobi, November 2, 2024… The Gertrude’s Children’s Hospital is seeking additional partners to support efforts aimed at expanding cancer screening capabilities, to ensure timely diagnosis of affected children. This appeal was a focal point during the 32nd Annual Charity Golf Tournament held at the…
- JERUSALEM, Nov. 1 (Xinhua) — Israel’s cabinet approved a 2025 wartime budget on Friday, detailing measures and tax increases to bolster military spending for ongoing operations in the Gaza Strip and Lebanon. The 607.4-billion-shekel (162 billion U.S. dollars) budget still faces three rounds of…
- NOV 1 – President William Ruto has assented to the Sugar Bill 2022, aiming to revitalise the sugar sector. The Bill will address the challenges that have crippled the once vibrant and profitable industry, a vital source of livelihood for many farmers. The Bill will enable the re-establishment of…
- TOKYO, Nov. 1 (Xinhua) — Tokyo stocks continued to fall on Friday, tracking overnight drops of tech shares on Wall Street, while anticipation of potential interest rate hikes by the Bank of Japan spurred a wave of sell-offs. Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average,…
- NAIROBI, Kenya, Nov 1 – A total of Sh3.37 billion in micro loans has been disbursed to support Micro, Small, and Medium Enterprises (MSMEs) in Northern Kenya. Announced during this week’s Northern Kenya Impact Investment Conference, the funds were provided by the Impact for Northern Kenya (INK)…
- Nov 1 – Researchers at the Indian Institute of Technology (IIT) Delhi, led by Prof. Trilok Singh from the Department of Energy Science and Engineering, have achieved a significant breakthrough in solar cell technology with their work on Perovskite solar cells, recently published in the journal…
- NAIROBI, Kenya, Nov 1 – The Ethiopian Steel Production and Building Company plc (ESPBC) has marked its 20th anniversary, underscoring its commitment to fostering economic independence and creating local jobs as part of its long-term strategy. ESPBC attributes its growth to significant investments…
- NAIROBI, Kenya, Oct 31 – The Kenya National Police Sacco has received a clean bill of health from GCR Ratings, achieving a Long-Term National rating of A-(KE) and a Short-Term National rating of A2(KE). The A-(KE) rating underscores the Sacco’s strong ability to meet financial obligations,…
- SAN FRANCISCO, Nov. 1 (Xinhua) — Amazon.com Inc. on Thursday announced financial results for its third quarter ending Sept. 30, with net sales increasing 11 percent to 158.9 billion U.S. dollars year over year. Its North America segment sales increased 9 percent year over year to 95.5 billion…
- NOV 1 – Striking Boeing workers are set to vote on a new offer from the aviation giant, which includes a 38% pay rise over the next four years. The International Association of Machinists and Aerospace Workers (IAM) union, which represents more than 30,000 striking workers, has endorsed the offer…
- NAIROBI, Kenya, Nov 1 – The High Court of Kenya has upheld the Salaries and Remuneration Commission(SRC) Directive to adjust the monthly stipend of medical interns. This comes after Healthcare interns and related professional bodies filed five petitions challenging the commission’s directive to…
- NAIROBI, Kenya, Nov 1 – Xiaomi Kenya is gearing up for its Black Friday event, offering an array of discounts on its latest smartphones. The company promises exclusive offers, flash sales, and limited-time deals, in wat it say is anchored on making it easier for Kenyans to access technology at…
- OCT 31 – A Russian court has fined Google two undecillion roubles – a two followed by 36 zeroes – for restricting Russian state media channels on YouTube. In dollar terms that means the tech giant has been told to pay $20,000,000,000,000,000,000,000,000,000,000,000. Despite being one of the world’s…
- NAIROBI, Oct. 31 (Xinhua) — African ministers of agriculture began a two-day meeting Thursday in the Kenyan capital of Nairobi to discuss ways of controlling the locusts that threaten the region’s food security. The Governing Council of Ministers of the International Red Locust Control Organization…
- NAIROBI, Kenya, Oct 31 – Murali Natarajan, a veteran banker from India, has been appointed as the new Managing Director and CEO of Diamond Trust Bank (DTB) Kenya. His appointment follows regulatory approvals and is part of DTB’s strategic reorganization to drive regional growth, the bank announced…
- NAIROBI, Kenya, Oct 31 – Safaricom has denied allegations of sharing customer data with state agencies, stating it only complies when ordered by the court. This comes amid concerns that Safaricom’s data sharing may be linked to rising abductions. In a statement, the telco clarified that Call Data…
- NAIROBI, Kenya, Oct 31 — KPMG East Africa’s 2024 CEO Outlook report reveals a decline in confidence among East African CEOs regarding economic growth. Only 60 percent of CEOs expressed optimism for their organizations’ growth in 2024, down from 80 percent in 2023. Key concerns include trade…
- NAIROBI, Kenya, Oct 31 – Java is set to reach 100 regional branches by the first quarter of 2025 as part of its strategy to bring services closer to customers. Recently, three new outlets were opened, including one at Thika’s Vivo Energy, marking Java’s 95th location in the region. The second…
- OCT 31 – The Chinese electric vehicle giant BYD has seen its quarterly revenues soar, beating Tesla’s for the first time. It posted more than 200bn yuan ($28.2bn, £21.8bn) in revenues between July and September. This is a 24% jump from the same period last year, and more than Elon Musk’s company…
- NAIROBI, Kenya, Oct 31 – Pan-African venture capital firm Janngo Capital has announced the final closing of its second fund at $78 million, surpassing its initial target by 20 percent. Backed by the European Investment Bank (EIB) and the African Development Bank (AfDB), the fund aims to accelerate…
- NAIROBI, Kenya, Oct 31 – EFT Corporation (EFTCorp) and Visa have launched a five-year partnership aimed at reshaping Africa’s digital payments landscape, with a focus on financial inclusion and advanced payment solutions across the continent. The initiative offers fintech companies in Africa…
- NAIROBI, Kenya, Oct 31 – The European Union, in collaboration with NGOs including Friedrich-Ebert-Stiftung (FES-Kenya), Civil Society Urban Development Platform (CSUDP), and Pan African Climate Justice Alliance (PACJA), has launched the ‘Strengthening Civil Society Engagement for a Just and…
- NAIROBI, Kenya, Oct 31 – Kenya’s inflation rate fell to 2.7 percent in October, its lowest in about 12 years, as food, electricity, and fuel prices declined, according to new data from the Kenya National Bureau of Statistics (KNBS). The drop follows September’s 3.6 percent rate, marking the lowest…
- SEOUL, Oct. 31 (Xinhua) — South Korea’s tech giant Samsung Electronics logged weaker-than-expected profit in the third quarter owing to the delayed production of memory chips used in generative artificial intelligence (AI) chipsets, the company said Thursday. Samsung’s consolidated operating profit…
- SAN FRANCISCO, Oct. 30 (Xinhua) — Dropbox, a tech firm based in San Francisco, U.S. state of California, announced on Wednesday the company is cutting its workforce by approximately 20 percent amid the slowdown in growth within the cloud storage sector. The restructuring will result in 528 layoffs…
- NAIROBI, Kenya, Oct 31 – The International Monetary Fund (IMF) has approved a disbursement of Sh78 billion (US$605 million) to assist Kenya in bolstering its fiscal and external buffers, enhancing resilience to climate-related shocks. This decision comes as part of the seventh and eighth reviews…
- SAN FRANCISCO, Oct. 30 (Xinhua) — U.S. social media giant Meta Platforms, Inc. on Wednesday reported financial results for the third quarter ending Sept. 30, with a total quarterly revenue of 40.59 billion U.S. dollars, a 19 percent increase year on year. The company’s quarterly net income…
- NAIROBI, Oct. 31 (Xinhua) — Kenya on Wednesday launched 100 Chinese electric taxis to promote green transport in the country. Aden Duale, cabinet secretary in the Ministry of Environment, Climate Change and Forestry, told journalists in Nairobi, the capital of Kenya, that the Neta V electric…
- SAN FRANCISCO, Oct. 31 (Xinhua) — Microsoft on Wednesday posted a revenue of 65.6 billion U.S. dollars for the first quarter of its 2025 fiscal year ending Sept. 30, 2024, up 16 percent from the same period of the previous year. The company generated quarterly net profits of 24.7 billion dollars,…
- NAIROBI, Oct. 31 (Xinhua) — Kenya’s Tourism Regulatory Authority (TRA) said on Wednesday it will undertake a nationwide classification exercise for all tourism facilities and establishments from February 2025. TRA Director-General Norbert Talam said the comprehensive assessment, last carried out in…
- LONDON, Oct. 30 (Xinhua) — The Labour Party government unveiled its first budget on Wednesday, planning to raise taxes by 40 billion pounds (51.9 billion U.S. dollars) a year. The Chancellor of the Exchequer Rachel Reeves delivered her budget statement in the House of Commons. This is the Labour…
