- 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…
- NAIROBI, Kenya, Oct 30 – Safaricom has rolled out a two-day Cybersecurity Summit to raise awareness among businesses, governments, and individuals about the importance of investing in technology to safeguard sensitive information and critical systems. Themed ‘Secure Innovation, Unstoppable Growth…
- NAIROBI, Kenya, Oct 30 – Kenya Pipeline Company (KPC) has completed an upgrade of the Nairobi-Eldoret pipeline to increase petroleum product transportation and meet growing demand in Kenya’s western region. The second phase of the Line IV project enhances the flow rate of the 14-inch western Kenya…
- NAIROBI, Kenya, Oct 30 – Nairobi Gate Industrial Park is investing Sh903 million ($7 million) to expand its capacity by adding 130,000 square feet of modular warehouse units. The project aims to support Kenya’s light manufacturing sectors, including agro-processing and textiles, by providing space…
- OCT 30 – Some users on X who spend their days sharing content that includes election misinformation, AI-generated images and unfounded conspiracy theories say they are being paid “thousands of dollars” by the social media site. The BBC identified networks of dozens of accounts that re-share each…
- OCT 30 – A lack of information is slowing the adoption of regenerative agriculture among smallholder farmers, as discussed at the Africa Food Systems Forum during a panel titled ‘Regenerative Revolution: Building Sustainable Solutions for Smallholder Farmers’. This session brought together leaders…
- COLOMBO, Oct. 30 (Xinhua) — Sri Lanka’s overall inflation rate, measured by the Colombo Consumer Price Index (CCPI) on a year-over-year basis, dropped to -0.8 percent in October, down from -0.5 percent in September, according to the latest data released Wednesday by the Department of Census and…
- OCT 30 – Jumia has launched its Black Friday campaign, running from November 1 to 30, 2024, offering up to 50% off on over 10 million items, including electronics, fashion, and home goods. Key sponsors include Garnier, Xiaomi, Tecno, Jameson, and Jambo Jet. The e-commerce platform has expanded its…
- NAIROBI, Kenya, Oct 30 – Kenyan Micro, Small, and Medium Enterprises (MSMEs) are set to expand their reach within the East African Community (EAC), tapping into the region’s $305 billion GDP market. During Kenya Day at the annual EAC MSMEs Trade Fair in Juba, South Sudan, MSMEs Cabinet Secretary…
- NAIROBI, Kenya, Oct 30 – Inspector General (IG) of the National Police Service (NPS), Douglas Kanja Kirocho, has assured residents and businesses in Tatu City of enhanced security measures. The IG provided the assurance after paying a courtesy visit to the 5,000-acre mixed-use Special Economic Zone…
- OCT 30 – Starbucks is dropping its much-hyped range of olive oil-infused coffees in the US and Canada from early November. The announcement comes less than a week after new boss, Brian Niccol, promised to shake up the coffeeshop giant’s menu in an attempt to win back customers. The firm’s sales…
- HANOI, Oct. 30 (Xinhua) — The price of gold ring in Vietnam reached a new record high of 89.3 million Vietnamese dong (3,525 U.S. dollars) per tael on Wednesday morning, surpassing the gold bar price for the first time, local media reported. DOJI gold and jewelry corporation listed each tael of its…
- NAIROBI, Kenya, Oct 30 – Kenya declined slightly from fifth to sixth position on African states overall trade prospects, according to recent findings from the Stanbic Bank Africa Trade Barometer (SB ATB). The report highlights concerns over fiscal policy changes and social unrest, notably stemming…
- SAN FRANCISCO, Oct. 30 (Xinhua) — Alphabet Inc., Google’s parent company, on Tuesday reported its third-quarter revenue at 88.3 billion U.S. dollars, up 15 percent from a year ago. Announcing its financial results for the quarter ending Sept. 30, the company said its net income was 26.3 billion…
- NAIROBI, Kenya, Oct 29 – The Salaries and Remuneration Commission has initiated monitoring and evaluation visits across Kenya’s 47 counties to ensure compliance with its remuneration and benefits guidelines. The SRC states that the visits, which began on October 27 and will conclude on December 13…
- OCT 30 – Tatu City has launched one of Kenya’s largest outdoor gyms, open to the public at no cost. Located in City Park near Unity Homes, the 5,000-acre development offers residents and visitors a fitness hub equipped with advanced workout machines such as sky steppers, health walkers, and rowers…
- GENEVA, Oct. 29 (Xinhua) — With slow growth, high debt, and weak investment and trade deepening the divide between industrialized and developing nations, the United Nations Conference on Trade and Development (UNCTAD) has called for a fundamental rethink of global development strategies. In its “…
- NAIROBI, Kenya, Oct 29 – The Supreme Court has overturned a Court of Appeal (CoA) decision that had declared the Finance Act 2023 unconstitutional. The seven-judge bench, led by Chief Justice Martha Koome, ruled that Parliament adhered to public participation requirements when drafting the Finance…
- OCT 29 – The surging global popularity of TikTok has seen the co-founder of its parent company, ByteDance, become China’s richest person. According to a rich list produced by the Hurun Research Institute, Zhang Yiming, is now worth $49.3bn (£38bn) – 43% more than in 2023. The 41 year old stepped…
- NAIROBI, Kenya, Oct 29 – The African Export-Import Bank (Afreximbank) aims to boost local trade through the upcoming African Sub-Sovereign Governments Network (AfSNET) Conference, set to take place in Kisumu from November 25-27. The event, organized in collaboration with the United Cities and Local…
- NAIROBI, Kenya, Oct 29 – Stanbic Bank has launched two premium credit cards, the Stanbic World Elite Card and the Stanbic World Card, aimed at affluent clients through a partnership with Mastercard. The cards are designed to enhance the banking experience for high-net-worth individuals (HNWIs) with…
- NAIROBI, Kenya, Oct 29 – National Assembly Majority Leader Kimani Ichungwah has called on the Kenya Private Sector Alliance (KEPSA) to restore public trust in economic policies, highlighting the private sector’s potential in driving job creation and enhancing Kenya’s global competitiveness.…
- 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 sales and reduced finance costs due to a stronger…
- 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 Monday. The new features include notification…
- 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 customers to write a large cheque to themselves, deposit…
- 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 billion. KenGen Managing Director and CEO Peter…
- 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 tied to fraudulent investment ads using fake…
- 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 for workers, educating teenagers on AI’s safe and…
- 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 0.65 percent, to 42,387.57. The S&P 500 added…
- 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 established the GNU consisting of 10 political parties after…
- DHAKA, Oct. 28 (Xinhua) — The Bangladeshi government will float soon open tenders for the construction of 10 solar power plants in the country, Chairman of the Bangladesh Power Development Board (BPDB) Md Rezaul Karim said here Sunday. He added that steps are underway to float tender in the first…
- NAIROBI, Kenya, Oct 28 – Airtel Africa has rebounded to profitability for the full year ending September, achieving Sh10.2 billion ($79 million) in profit, a 726.3 percent increase compared to a Sh1.7 billion loss during the same period in 2023. The turnaround is largely driven by strong growth in…
- By Otieno Panya OCT 28 – Kenya is at a critical juncture in its journey toward becoming a middle-income country. With the rising demand for social amenities, persistent budget constraints and ballooning public debt, the country needs to explore alternative financing options to fund its large…
- By Anthony Hutia OCT 28 – Samsung is making significant strides in the Kenyan market, by establishing innovative partnerships that are integrating artificial intelligence (AI) and advanced technology into the daily fabric of life. Through these innovative partnerships, Samsung is embedding itself…
- By Stephen Mutoro OCT 28 – The prevalence of gambling addiction among children and minors is a pressing issue that demands attention of all Kenyans. Ethical and social responsibilities of betting firms in safeguarding this vulnerable population from the harm of gambling addiction need not to be…
- OCT 28 – China has urged the United States to stop arming the Taiwan region and undermining peace and stability across the Taiwan Strait, vowing to take resolute measures to safeguard national sovereignty, security and territorial integrity. The Foreign Ministry made the remarks late on Saturday in…
- NAIROBI, Kenya, Oct 28 – Online brokerage firm HFM Kenya forecasts robust growth in Kenya’s banking, telecommunications, export, and renewable energy sectors in 2025, indicating favorable investment returns for stakeholders. However, the firm cautions that global uncertainties—such as geopolitical…
- OCT 28 – After handing the reins of power to Claudia Sheinbaum on 1 October, Mexico’s outgoing president, Andrés Manuel López Obrador, hoisted her arm aloft in a joint show of victory. López Obrador – a hugely popular but controversial figure in Mexico – bequeathed more than just the presidential…
- NAIROBI, Kenya, Oct 28 – A single dollar of digital investment could yield an $8.3 return in a country’s digital economy, according to Huawei’s Global Digitalization Index (GDI) unveiled at GITEX Dubai 2024. Developed in collaboration with the International Data Corporation (IDC), the GDI assesses…
- OCT 28 – McDonald’s is resuming sales of its Quarter Pounder burgers in all of its US restaurants after ruling out its beef patties as the source of an E. coli outbreak that left at least one person dead and dozens of others ill. The fast food giant said samples of its beef patties that […]
- NAIROBI, Kenya, Oct 28 – A new guidebook has been launched to help judicial officers and businesses navigate corruption-related issues. The Business Guide on Anti-Corruption and Economic Crimes Law in Kenya, developed by the Kenya Association of Manufacturers (KAM) in collaboration with the Kenya…
