- 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…
- NAIROBI, Kenya, Oct 23 – Kenyans wishing to travel to the United Kingdom can now apply for UK visas through newly opened VFS Global offices in Nairobi and Mombasa. Alok Singhal, Head of Sub-Saharan Africa for VFS Global, announced that visa applicants must first book an appointment before…
- OCT 23 – The Legatum Center for Development and Entrepreneurship at MIT has launched a new podcast focused on leadership and entrepreneurs making positive global impacts. The series will highlight stories of purpose-driven individuals creating change both now and for the future. The inaugural…
- OCT 23 – The Legatum Center for Development and Entrepreneurship at MIT has launched a new podcast focused on leadership and entrepreneurs making positive global impacts. The series will highlight stories of purpose-driven individuals creating change both now and for the future. The inaugural…
- NAIROBI, Kenya, Oct 23 – The Institute of Engineers of Kenya (IEK) is organizing its 31st International Convention, set to take place from October 29 to November 1, 2024, at the PrideInn Paradise Beach Resort and Spa in Mombasa. The convention will bring together engineers, policymakers, and…
- By Dr. Njeri Karianjahi OCT 23 – As the Kenya Certificate of Secondary Education (KCSE) and Kenya Primary School Education Assessment (KEPSEA) exams approach, the pressure on students intensifies, creating a high-stress environment for many adolescents in our country. For many families in Kenya,…
- NAIROBI, Kenya, Oct 23 – Information Technology (IT), education, and research are the leading sectors most prone to cyber-attacks this year. The conclusion is contained in the recently released 2024 Digital Defense Report by Microsoft, which highlights an alarming rise in attacks across the globe.…
- NAIROBI, Kenya, Oct 23 – Kenyan low-cost carrier Jambojet has been named Africa’s Leading Low-Cost Airline for the third year in a row by the World Travel Awards, which recognize excellence in the tourism and airline sectors. Jambojet’s CEO and Managing Director, Karanja Ndegwa, attributed this…
- OCT 23 – A communications satellite designed and built by embattled aerospace giant Boeing has broken up in orbit. The satellite’s operator, Intelsat, has confirmed the “total loss” of iS-33e, which has affected customers in Europe, Africa and parts of the Asia-Pacific region. Intelsat also says it…
- NAIROBI, Kenya, Oct 23 – Safaricom has entered into a strategic partnership with MultiChoice to provide its customers access to exclusive streaming content on Showmax and DStv Stream. The collaboration will allow Safaricom Home Fibre customers and mobile users to enjoy a variety of premium TV shows…
- SACRAMENTO, United States, Oct. 22 (Xinhua) — Denny’s, the iconic American diner chain known for its round-the-clock service and extensive menu, announced Tuesday the closing of 150 restaurants by the end of 2025. The closures will occur in two phases: about 50 locations will shut down by the end…
- NAIROBI, Kenya, Oct 23 – The Government has committed to addressing device affordability challenges and implementing key recommendations from the newly launched ‘Digital Economy Report’ to foster growth in the ICT sector. Speaking during the report’s launch, ICT and Digital Economy Cabinet…
- NAIROBI, Kenya, Oct 23 – Kenyan electric vehicle assembler BasiGo has secured Sh5.43 billion from a consortium of investors, comprising both equity and debt funding, to support the delivery of 1,000 electric buses over the next three years. The breakdown includes Sh3.1 billion ($24 million) in…
- By Dr. James Alic Garang October 22 – frican nations have been advocating for significant reforms in international financial institutions (IFIs), over the years, to create an equitable environment for the continent. This push includes demand for greater representation at the International Monetary…
- OCT 22 – The new boss of Starbucks says he will overhaul the global coffee chain’s menu as the company continues to see its sales slide. Brian Niccol also announced that he was suspending the firm’s financial forecasts for the coming year due to the “current state of the business”. At the same time…
- NAIROBI, Oct. 22 (Xinhua) — Kenya would suspend the export of avocados and macadamia nuts to prevent undesired produce from entering the market, authorities announced on Tuesday. Andrew Karanja, cabinet secretary in the Ministry of Agriculture and Livestock Development, said in a statement released…
- WASHINGTON, Oct. 22 (Xinhua) — The International Monetary Fund (IMF) on Tuesday maintained its global growth forecast in 2024 at 3.2 percent, consistent with its projection in July, its newly released World Economic Outlook (WEO) report said. The level of uncertainty surrounding the global economic…
- NAIROBI, Kenya, Oct 22 – The High Court of Kenya has upheld the constitutionality of the Government’s housing levy, clearing the way for the full implementation of President William Ruto’s affordable housing initiative. The ruling was delivered by a three-judge bench composed of Justices Olga Sewe…
- OCT 22 – HSBC’s new boss has announced a major overhaul of the bank’s structure, splitting geographically into eastern and western markets amid increasing geopolitical tensions and a need to cut costs. The bank said that it was simplifying operations by splitting into four key units, which will see…
- NAIROBI, Kenya, Oct 22 – Micro, small, and medium enterprises (MSMEs) in Kenya will now have access to affordable, comprehensive cybersecurity services under a new partnership between Safaricom, Cloudflare, and Copy Cat, an East African systems integrator. The collaboration aims to provide…
- NAIROBI, Kenya, Oct 22 – The Kenya Electricity Transmission Company Limited (KETRACO) has constructed a new 132/33kV sub-station in Loitoktok, Kajiado County, aimed at enhancing stable and reliable power supply to Merrueshi, Loitoktok towns, and surrounding areas. The project includes an extension…
- By Anna Manyara NAIROBI, Kenya, Oct 22 – Artificial intelligence (AI) will undoubtfully continue to revolutionize various sectors, and the insurance industry is no exception. Traditionally known for some rigid practices, the sector is embracing AI to streamline processes, enhance customer…
- By Nancy Ngetich OCT 22 – Diversity and inclusion has in the recent years become a strategic priority for organisations that seek to promote fair treatment and full participation of all employees. At the global level, the United Nations’ Sustainable Development Goals (SDGs) – more specifically…
- OCT 22 – Government borrowing rose last month, marking the third-highest September since records began in January 1993. Official figures show that borrowing – the difference between spending and tax take – reached £16.6bn, continuing a trend of overshooting official forecasts. The numbers present a…
- NAIROBI, Kenya, Oct 22 – Land prices in Nairobi’s satellite towns are offering higher returns for investors compared to Treasury Bills, according to new industry data, driven by an anticipated drop in bond returns and the growing attractiveness of land investments. HassConsult’s Q3 report shows…
- OCT 22 – HSBC has announced the appointment of its first female finance chief in the bank’s 159-year history as its new boss shakes up the business. Pam Kaur has worked at the bank for more than a decade and is currently its chief risk and compliance officer. HSBC’s chief executive, Georges…
- NAIROBI, Kenya, Oct 22 – Kenya has emerged as the leading African country in startup funding, raising $437 million (Sh56.5 billion), which represents 31 percent of total funds raised on the continent, according to data from Africa: The Big Deal. The growth highlights the strong preference for…
- OCT 22 – TikTok owner, ByteDance, says it has sacked an intern for “maliciously interfering” with the training of one of its artificial intelligence (AI) models. But the firm rejected claims about the extent of the damage caused by the unnamed individual, saying they “contain some exaggerations and…
- CARACAS, Oct. 22 (Xinhua) — Venezuelan authorities have confirmed the arrest of former Oil Minister Pedro Tellechea on charges of committing “serious crimes” that threaten national interests, the Public Prosecutor’s Office announced on Monday. Tellechea was taken into custody early Sunday morning…
- NAIROBI, Kenya, Oct 21 – The Athi Water Works and Development Agency (AWWDA) has been officially licensed to operate the Northern Collector Bulk Water Supply System. In a statement released on Monday, AWWDA announced that the license was issued by the Water Services Regulatory Board (WASREB). “In…
- DUBAI, Oct. 21 (Xinhua) — Emirates, a flagship carrier of the United Arab Emirates (UAE) and one of the world’s largest cargo carriers, announced Monday an order of five additional Boeing 777 freighters (B777Fs) to be delivered between 2025-2026. “Together with its previous orders, Emirates now has…
- STUTTGART, Germany, Oct. 21 (Xinhua) — The first battery recycling plant in Europe, owned by Germany’s luxury automaker Mercedes-Benz, began operations on Monday in the southern German town of Kuppenheim. With an investment totaling tens of millions of euros, the plant can recover over 96 percent…
- NAIROBI, Kenya, Oct 21 — Students Campaign Against Drugs (SCAD) and the International Institute for Legislative Affairs (IILA) are advocating for higher health taxes on alcohol in Kenya, aiming to reduce alcohol consumption and related harms. In a joint statement, the organizations highlighted…
- NAIROBI, Kenya, Oct 21 – Joan Okorodudu’s passion for modelling was evident when she was a little girl; however, given her beginnings in a politically charged Nigeria and a background in political science, her dream to enter the modelling world seemed unlikely. “My motivation for modelling started…
- CANBERRA, Oct. 21 (Xinhua) — Australian researchers have identified an immune protein that could be the key to developing new treatments for bowel cancer. In a new study, a team of researchers from the Australian National University (ANU) discovered that the immune protein NLRC4 can prevent healthy…
- NAIROBI, Kenya, Oct 21 – The National Construction Authority (NCA) has confirmed that all tenants of the Kahawa West building that collapsed on Sunday had been evacuated prior to the incident. The building, located on Plot No. 223 along Station Road in Kahawa West, collapsed at approximately 12:30…
- OCT 20 – Kenya shall remain a united nation whose true potential will not be held back by the shackles of tribalism or regionalism, President William Ruto has said. The President said Kenya’s freedom fighters were driven by a common agenda to liberate all Kenyans irrespective of their geographical…
- SINGAPORE, Oct. 20 (Xinhua) — The Maritime and Port Authority of Singapore (MPA) reported an oil leakage from a Shell land-based pipeline between Bukom Island and Bukom Kecil on Sunday. Shell has placed containment booms off the leak site and deployed craft equipped with dispersants to clean up the…
- DAR ES SALAAM, Oct. 19 (Xinhua) — Tanzanian President Samia Suluhu Hassan said Saturday that the Chinese-upgraded Tanga Port has increased ship traffic and boosted the amount of cargo it handles. The port, upgraded by China Harbour Engineering Company Limited, is part of Tanzania’s strategy to…
- DODOMA, Oct. 20 (Xinhua) — Tanzania is set to reintroduce international gemstone auctions in a move aimed at empowering local producers and jewelers, a senior official said Saturday. Minister of Minerals Anthony Mavunde said the auctions will be held quarterly in certain Tanzanian cities, including…
- NAIROBI, Kenya, Oct 20 – A group of 100 NCBA Bank commercial and SME customers are currently in China to explore the business opportunities offered by the Asian economic giant. The 12-day trip, part of NCBA’s ongoing market exposure program that began in 2016, is designed to empower SME and…
- OCT 19 – Cuba is experiencing a nationwide blackout after its main energy plant failed, knocking out power to its 10 million people. Its power grid collapsed at around 11:00 (15:00 GMT) on Friday, the energy ministry announced on social media. Grid officials said they did not know how long it would…
- OCT 19 – The US agency in charge of regulating road safety revealed Friday that they are probing Tesla’s self-driving software systems. The evaluation by the National Highway Traffic Safety Administration (NHTSA) covers 2.4 million Tesla vehicles across multiple models manufactured between 2016 and…
- NAIROBI, Oct. 19 (Xinhua) — Kenya has accumulated about one billion U.S. dollars in foreign exchange reserves over the past few weeks, raising the total to a record high of 8.49 billion dollars as of Thursday, the Central Bank of Kenya (CBK) said in an update released on Friday evening. According…
- HOUSTON, Oct. 19 (Xinhua) — SB Energy Global said on Friday that its major solar project in Texas has begun commercial operations, which will help power Google data centers as the tech giant’s largest solar energy investment worldwide. The Orion Solar Belt, one of the largest solar projects in the…
- NAIROBI, Kenya, Oct 19 – The Milimani High Court has granted a 120-day temporary injunction to TransCentury Plc in its case against Equity Bank. The injunction was issued on Friday by Justice Alfred Mabeya. During this period, Equity Bank will be restrained from exercising its rights under the…
- NAIROBI, Kenya, Oct 19 – Kenyan tour company Twiga Tours won three prestigious awards at the World Travel Awards yesterday evening. The company was recognized as Africa’s Responsible Tourism Award 2024 winner, Kenya’s Leading Safari Company 2024, and Tanzania’s Leading Safari Company 2024.…
