- OCT 27 – “Google essentially disappeared us from the internet.” It was June 2006 and the couple’s trailblazing price comparison website Foundem – one they had sacrificed well-paid jobs for and built from scratch – had just gone fully live. They didn’t know it at the time but that day, and those…
- NAIROBI, Kenya, Oct – The Capital Markets Authority (CMA) has granted regulatory approval to HF Group Plc to raise up to Sh6 billion through a Rights Issue. In a statement, the group announced that the approved rights will offer up to 1.5 billion new ordinary shares, which will be listed on the…
- OCT 26 – The government is under pressure to stop illegal meat being smuggled into the UK, amid warnings of a “foot-and-mouth” level crisis for British farmers. The amount of meat seized by Border Force officials has doubled in a year, according to data obtained by BBC News. The data suggests more…
- NAIROBI, Kenya, October 26 – Hexing Group has announced a $10 million (Sh1.29 billion) investment to establish a local assembly line in Kenya for power products previously imported from its manufacturing plant in China. The funds will also support a new office in Nairobi, aimed at capturing…
- OCT 25 – Microsoft’s chief executive Satya Nadella earned $79.1m (£61m) last year, a rise of 63% compared to his compensation the year before. That was despite a request from Mr Nadella to reduce one element of his pay package because of cybersecurity flaws at the tech giant – which resulted in him…
- NAIROBI, Kenya, Oct 25 – Amsons Group, a Tanzanian conglomerate with interests in fuel and transportation, has launched a bid to acquire Kenya’s Bamburi Cement through its subsidiary Amsons Industries (K) Ltd. The group intends to invest over Sh23.5 billion to gain up to 100 percent ownership of…
- NAIROBI, Kenya Oct 25 – HACO Industries emerged as the overall winner in the Circular Economy Leadership Category at the Sustainable Packaging, Innovation and Circular Economy (SPICE) Awards held during the recently concluded Kenya Extended Producer Responsibility Organization 2nd Annual Circular…
- By Hasnain Noorani OCT 25 – My team recently had the privilege of attending the prestigious 31st Annual World Travel Awards Africa Gala 2024 held at the Diamonds Leisure Beach & Golf Resort in Diani. It was an evening that celebrated the best in African tourism and shone a spotlight on Kenya’s…
- NAIROBI, Kenya, Oct 25 – Panelists at the inaugural Kenya Anti-Financial Crime Summit emphasized that illicit fund flows within Kenya’s financial system led to Kenya’s placement on the Financial Action Task Force (FATF) grey list in February 2024. The greylisting has raised Kenya’s risk profile,…
- NAIROBI, Kenya, Oct 25 – Absa Bank Kenya, in partnership with the International Finance Corporation (IFC), a World Bank Group member, is set to train over 600 suppliers across Kenya on corporate procurement readiness. According to Charles Wokabi, Absa Bank Kenya’s Head of Sustainability and…
- NAIROBI, Kenya, Oct 25 – The KEMRI Wellcome Trust, in collaboration with the Aga Khan University’s Institute for Human Development (IHD), is set to recruit up to 25 students from institutions across Kenya for specialized training in medical research. The students will join the 2025 Postgraduate…
- NAIROBI, Kenya, Oct 25 – Depositors from 21 countries have added over 30,000 new seed samples to the Svalbard Global Seed Vault in Norway, marking one of the highest deposits since 2020, according to Crop Trust. The organization, dedicated to conserving crop diversity, noted this year’s additions…
- NAIROBI, Kenya Oct 25 – M-Kopa has now reached over 3 million customers in Kenya, sustaining more than 16,000 jobs, according to its 2024 Impact Report. The report based on Kenya’s transformative role in digital connectivity and financial inclusion showed that the company also boosted the local…
- NAIROBI, Kenya, Oct 25 – The 3rd Northern Kenya Impact Investment Conference, focusing on economic growth across 10 counties, will be held from October 29 to 30, 2024, in Nairobi. Organized by USAID Kuza, this event aims to connect local enterprises with potential investors to drive sustainable…
- BEIJING, Oct. 25 (Xinhua) — The People’s Bank of China (PBOC) and the Bank of Japan have agreed to renew their bilateral currency swap deal amounting to 200 billion yuan (about 28.13 billion U.S. dollars), or 3.4 trillion Japanese yen. The agreement will be valid for a three-year period and can be…
- NAIROBI, Kenya, Oct 25 – The High Court has temporarily halted the Sh96 billion deal between the Energy Ministry and Adani Energy Solutions Limited for the construction of electricity transmission lines and substations. Justice Bahati Mwamuye ordered that no further actions be taken on the…
- OCT 25 – Dettol has teamed up with the Ministry of Health to promote hand hygiene as part of Kenya’s Global Handwashing Day celebrations on October 15. The event, themed “Why Are Clean Hands Still Important?”, was held at Kenya Medical Training College (KMTC) Manza Campus in Machakos County. At the…
- NAIROBI, Kenya, Oct 25 – Rich Communication Services (RCS) messaging is set to transform communication across East Africa, with Kenya, Tanzania, and Uganda expected to see substantial adoption. A new whitepaper from global communications platform Infobip projects that RCS traffic across Africa and…
- NAIROBI, Kenya, Oct 25 – The Human Resource Management Professionals Examinations Board (HRMPEB) has gazetted and certified over 700 HR professionals. During the certification ceremony, HRMPEB Chairperson Commissioner CS Sharon Kisire highlighted the need for continuous professional development to…
- OTTAWA, Oct. 24 (Xinhua) — The Canadian federal government announced an immigration levels plan on Thursday to pause population growth in the short term which will witness a population decline in 2025 and 2026. The population of Canada has been increasing each year since 1867 thanks to endless…
- OCT 25 – For years, Western critics have dismissed Brics as a relatively inconsequential entity. But this past week, at its annual summit in Russia, the group triumphantly showcased just how far it has come. Top leaders from 36 countries, as well as the UN Secretary General, attended the three-day…
- NAIROBI, Kenya, Oct 25 – Holcim, the Swiss majority shareholder in Bamburi Cement, has suspended a sale agreement with Tanzanian firm Amsons Group for its stake in the Kenyan cement company. The two companies initially signed an irrevocable sale agreement in July, effectively barring third-party…
- NAIROBI, Oct. 24 (Xinhua) — Kenya’s quest for universal access to green energy received a boost Thursday during the groundbreaking ceremony for the construction of a 35-megawatt (MW) geothermal power plant in Nakuru County, located about 200 km to the northwest of Nairobi, the Kenyan capital. To be…
- OCT 25 – The owners of a container ship that crashed into Baltimore’s Francis Scott Key Bridge have been ordered to pay the US government more than $100m (£77.1m) in damages, the US justice department has announced. Grace Ocean Private Limited and Synergy Marine Private Limited, the companies that…
- OCT 25 – A man who was twice homeless as a teenager before becoming a multimillionaire entrepreneur has topped a list celebrating influential black Britons. Dean Forbes, who, after failing to make it as a professional footballer, began his career in a call centre, is now the boss of several…
- NAIROBI, Kenya, Oct 25 – Belkin Limited has recalled its Belkin Boost Charge Pro Fast Wireless Charger for Apple Watch + Power Bank 10 model number BDPOO5 over a lithium cell flaw. In a statement, the COMESA Competition Authority Registrar, Meti Demissie Disasa, stated that the company voluntarily…
- NAIROBI, Kenya, Oct 24 – Kenyan power generation company, Craftskills Wind Energy International Limited, has been awarded the prestigious 2024 United Nations Person of the Year in Kenya Award for its outstanding contributions to sustainable energy and community development. Founded by three Kenyans…
- NAIROBI, Kenya, Oct 24 – Companies and Limited Liability Partnerships (LLPs) have been directed to submit a register of beneficial owners to the Business Registration Service. In a notice, the Registrar of Companies, Joyce Koech, indicated that Private Limited Companies must file their registers by…
- LONDON, Oct. 24 (Xinhua) — The British government is set to ban the sale and supply of single-use vapes in England from next summer, it was announced on Thursday. The Labour party government has proposed the legislation in a bid to curb a rise in vaping among young people, protect the environment,…
- KUALA LUMPUR, Oct. 24 (Xinhua) — Malaysia’s inflation eased to 1.8 percent in September, official data showed Thursday. The Department of Statistics Malaysia (DOSM) said in a statement that the inflation in September was driven by a slower increase in the main groups of personal care, social…
- NAIROBI, Kenya, Oct 24 – Safaricom contributed Sh983 billion to the Kenyan economy and sustained over 1.28 million jobs in the last financial year, according to its 13th Sustainable Business Report. The report, launched as the company transitions to become Africa’s leading purpose-led technology…
- DOHA, Oct. 24 (Xinhua) — Qatar Airways announced on Thursday the temporary suspension of flights to and from Iraq, Iran and Lebanon, along with operational adjustments for flights to Jordan. “Due to the current situation in the Middle East region, Qatar Airways has temporarily suspended flights to…
- NAIROBI, Kenya, October 24 – Entrepreneur Benson Sande Ndeta, owner of Savannah Clinker, has increased his takeover offer for Bamburi Cement by Sh2.38 billion. Initially offering Sh25.4 billion for the cement firm’s 362.96 million issued shares at Sh70 each, Ndeta has now raised the bid to Sh76.55…
- SEOUL, Oct. 24 (Xinhua) — South Korean tech giant LG Electronics posted its record third-quarter revenue owing to an updated business portfolio, the company said Thursday. Consolidated revenue rose 10.7 percent from a year earlier to 22.18 trillion won (16.1 billion U.S. dollars) in the July-…
- NAIROBI, Kenya, Oct 24 – BURN, a manufacturer of clean cooking stoves, has secured Sh1.93 billion ($15 million) in funding from the European Investment Bank (EIB) to expand its production of electric cooking appliances. The announcement was made during the World Bank/IMF Annual Meetings in…
- OCT 23 – The world economy could contract by the size of the combined French and German economies, if there is a broad-based trade war between the world’s major economies, the International Monetary Fund (IMF) has told the BBC. It comes as concerns are heightened ahead of the possible re-election…
- NAIROBI, Kenya, October 24 — From January 2025, mobile devices imported or assembled in Kenya from November 1, 2024, will need to be tax-compliant to connect to mobile networks, according to a notice released by the Communications Authority of Kenya (CA). CA Director General David Mugonyi stated…
- OCT 23 – Shaped and coloured like the country’s rare gemstone, tanzanite, the sparkling new railway terminal in Dar es Salaam is a symbol of Tanzania’s transport ambitions. The glass panels gleam in the sun, like an outsize version of the prismatic bluish-purple gem that glitters in the light. The…
- By Dr. Erustus Kanga OCT 24 – Kenya has long been celebrated for its rich biodiversity and iconic wildlife, which are not only a cornerstone of the country’s identity but a world heritage and a major driver of the country’s tourism industry. However, as human population increase, the ecosystems and…
- NAIROBI, Kenya, Oct 23 – 150 top organisations have been shortlisted for the upcoming CIO100 Awards and Symposium. Scheduled for 20-22 November 2024, the event will take place at the Enashipai Resort and Spa in Naivasha. Previously known as the ‘Oscars of Technology,’ the CIO100 Awards celebrates,…
- NAIROBI, Kenya, Oct 24 – Mango suppliers across Kenya are now required to register with the Agriculture and Food Authority (AFA) in order to operate, ahead of the upcoming mango export season. In a notice, AFA Director General Bruno Linyiru announced that the Horticultural Crops Directorate (HCD)…
- NAIROBI, Kenya, Oct 23 – More than 500 international experts are gathered in Nairobi for the two-day Global Bioeconomy Summit 2024, aimed at developing strategies and policies to advance the bioeconomy. The summit, which brings together participants from 65 countries, is focused on addressing…
- WASHINGTON, Oct. 23 (Xinhua) — The International Monetary Fund (IMF) on Wednesday warned of elevated risks to public debt and called on policymakers to implement enduring and carefully designed fiscal adjustments. “Deficits are high and global public debt is very high, rising and risky. Global…
- By Doreen Lukandwa OCT 23 – Saying that small and medium-sized enterprises (SMEs) are the backbone of economies in East Africa is an understatement. SMEs make up the largest part of all registered entities in nearly every industry and sector in most East African countries, averaging between 60% to…
- By Elisha Kamau OCT 23 – The digital landscape in Africa is under siege, with organizations facing an average of 2,960 cyberattacks every week. It’s a staggering number – and it’s growing rapidly every year. According to Checkpoint Research, this year’s number was up 37% from the year before. Not…
- KIGALI, Oct. 23 (Xinhua) — The Green Climate Fund (GCF), a global climate finance initiative, has approved a grant of 28 million U.S. dollars to support Rwanda’s Green City Kigali initiative, a pioneering project aimed at developing climate-resilient and low-emission urban infrastructure. The grant…
- By David Kyalo, OCT 23 – In recent months, fixed income investments have grown in popularity among retail investors in Kenya. For instance, by June 2024, over 1.2 million individuals had signed up for investment schemes in this market class, a trend that reflects a growing recognition of the…
- By Phyllis Migwi OCT 23 – When thinking about industries that cybercriminals might target, tertiary education probably isn’t the first to come to mind. But according to the latest edition of Microsoft’s Cyber Signals report, education was the third most targeted industry in the second quarter of…
- TOKYO, Oct. 23 (Xinhua) — Shares of Tokyo Metro Co. surged on the first day of trading, closing at 1,739 yen (about 11.4 U.S. dollars) after opening at 1,630 yen on the Tokyo Stock Exchange’s top-tier Prime Market Wednesday. The share price of Asia’s oldest subway operator briefly surged 47.3…
- NAIROBI, Kenya, Oct 23 – Acorn Holdings, a leading student hostel developer, has successfully repaid the remaining balance of its Sh2.7 billion green bond ahead of its scheduled maturity next month. The repayment is part of the Sh5.7 billion five-year bond issued in 2019, which was used to finance…
