- NAIROBI, Kenya, Feb 10 – The Insurance Regulatory Authority (IRA) has trained life insurers on Anti-Money Laundering (AML) to tame the illicit flow of money and terrorist financing. In a training workshop in Nairobi, participants were also informed about Combating the Financing of Terrorism (CFT)…
- WASHINGTON, Feb. 9 (Xinhua) — U.S. President Donald Trump said on Sunday that he will announce new 25-percent tariffs on all steel and aluminum imports into the United States, with the official statement to be made on Monday. Speaking to reporters on Air Force One, Trump also said he would announce…
- NAIROBI, Kenya, Feb 10 – Micro, Small and Medium Enterprises (MSMEs) in tour operations are set to play a pivotal role in driving Kenya’s tourism growth under a new partnership between the Kenya Tourism Board (KTB) and the Tour Operators Society of Kenya (TOSK). The agreement will see the two…
- FEB 9 – The shoes that basketball legend Kobe Bryant wore when he tore his Achilles tendon during an iconic 2013 game have sold at auction for $660,000 (£532,000). Playing for the Los Angeles Lakers, Bryant stayed in the game against the Golden State Warriors to score two clutch free throws despite…
- NAIROBI, Kenya, Feb 7 – The Commission on Revenue Allocation (CRA) has proposed changes to its Third Basis for equitable share allocation among Kenya’s county governments. This review follows concerns over data inconsistencies and the need for better alignment of resource distribution with…
- FEB 8 – A government decision to scrap tariffs on Chinese e-bikes coming into the UK has been described as a “kick in the teeth for British manufacturing”. Border taxes were imposed on Chinese e-bikes following Brexit, keeping the UK in line with the EU, but the Business Secretary Jonathan Reynolds…
- NAIROBI, Feb. 8 (Xinhua) — Kenya’s foreign exchange reserves increased by 324 million U.S. dollars this week, surpassing 9.2 billion dollars, amid a rise in inflows from exports and a stronger shilling, the Central Bank said in an update released Friday evening. The apex bank said that the reserves…
- FEB 8 – When Donald Trump’s fortunes took a downturn in the 90s and he needed to raise cash fast, he sailed his 282ft (85m) superyacht, the Trump Princess, to Asia hoping he could attract Japan’s wealthy. It wasn’t the first time the businessman had sought out Japanese buyers or lenders for his…
- NAIROBI, Kenya, Feb 8 – A new non-surgical heart procedure is proving to be a game changer, especially for patients with critical underlying conditions. Traditionally, such patients were treated through open heart surgery, where the damaged heart valve was replaced with an artificial one. However,…
- NAIROBI, Kenya, Feb 8 – The Tax Appeals Tribunal has ruled that companies with employees working abroad will not face double taxation. The Tribunal barred the Kenya Revenue Authority from demanding Sh436 million in PAYE from a Kenyan company, asserting that the taxes paid to a related overseas…
- FEB 8 – A judge has temporarily blocked President Donald Trump from placing 2,200 workers at the US Agency for International Development (USAID) on paid leave, hours before it was due to happen. Judge Carl Nichols issued a “limited” temporary restraining order, in response to a last-minute lawsuit…
- NAIROBI, Kenya, Feb 7 – The Agriculture and Food Authority (AFA) has warned macadamia industry players against harvesting, trading, or processing immature nuts, vowing to take legal action against violators, including license revocation and prosecution. The Authority noted that individuals or…
- NAIROBI, Kenya Feb 7 – A Kenyan business leader in the fresh produce sector has assured global buyers that the country is working hard to overcome the unique logistical and shipping challenges brought about by the Middle East Conflict. Speaking at the opening of this year’s Fruit Logistica 2025 …
- By Monica Chege FEB 7 – Customer feedback has and will always be a far more than a post-transaction formality—it is a strategic asset that, when harnessed effectively, drives innovation, deepens customer loyalty, and secures competitive advantage. A report released last month by a US-based…
- FEB 7 – GulfCap Real Estate has announced the commencement of Phase 1 construction for LV Marina, a waterfront development along the shores of Lake Victoria in Kisumu. The Sh120 billion project is strategically located just five minutes from Kisumu International Airport and sits on a 285-acre site…
- NAIROBI, Kenya, Feb 7 – Vivo Energy Kenya, the official distributor of Shell V-Power, has refuted allegations of selling substandard fuel, asserting that its products undergo rigorous testing before they reach consumers. Vivo Energy Managing Director Peter Murungi, in an address to the press, took…
- FEB 7 – TikTok has been sued by the parents of four British teenagers who believe the children died after taking part in viral trends that circulated on the video-sharing platform in 2022. The lawsuit claims Isaac Kenevan, Archie Battersbee, Julian “Jools” Sweeney and Maia Walsh died while…
- NAIROBI, Kenya, Feb 7 – KRA has surpassed the customs revenue collection target by Sh8.12 billion to Sh82.6 billion in January 2025, boosted by reforms, including the establishment of the Centralized Release Operations. Initially, the taxman expected to raise Sh74.44 billion. Customs are taxes…
- NAIROBI, Kenya, Feb 7 – Huawei’s DigiTruck Initiative has trained 6,000 youth since its launch in 2019, equipping them with essential digital skills to thrive in today’s ICT-driven world. The program continues to bridge the digital divide, expanding opportunities for young people across Kenya.…
- NAIROBI, Kenya,Feb 7 – Safaricom and Opportunity International have collaborated to introduce FarmerAI, an innovative AI chatbot designed to provide smallholder farmers in Kenya with real-time, personalized agricultural support. The partnership aims to assist up to 1,000 potato farmers across the…
- FEB 7 – The Governor of the Bank of England has urged continued US support for two major global economic institutions. Andrew Bailey told the BBC he was “following extremely closely” whether the Trump administration will change its support for the International Monetary Fund (IMF) and the World…
- NAIROBI, Kenya, Feb 7 – Restaurant group Eat ‘N’ Go Limited has declared redundancy, resulting in the loss of 55 jobs. In an internal letter sent to staff, the local franchisee of Domino’s Pizza and Cold Stone Creamery attributed the move to a decline in revenue and profitability as well as a…
- NAIROBI, Kenya, Feb 7 – Bus body-building firm Labh Singh Harnam Singh Limited has been placed under administration, stripping its directors of control over the company’s assets. According to a notice, PVR Rao and Swaroop Rao Ponangipalli have been appointed joint administrators, effective February…
- WASHINGTON, Feb. 7 (Xinhua) — A federal judge in the U.S. city of Boston on Thursday temporarily blocked President Donald Trump’s plan to reduce federal employees by offering them financial incentives. The ruling came hours before the midnight deadline for workers to apply for the deferred…
- NAIROBI, Kenya, Feb 7 – Kenya Wine Agencies Limited (KWAL) has launched Windhoek Beer in Kenya, expanding its premium beer portfolio to meet the rising demand for high-quality brews. Brewed in Namibia, Windhoek adheres to the German Beer Purity Law (Reinheitsgebot) of 1516, using only three natural…
- FEB 7 – Panama President José Raúl Mulino has accused the US of spreading “lies and falsehoods” after the US State Department claimed American government vessels were no longer required to pay a fee to transit through the Panama Canal. US Secretary of State Marco Rubio has since rowed back on his…
- NAIROBI, Kenya, Feb 7 – Kenya Airways has denied claims that it denied the boarding of three passengers in South Africa based on how they appeared. This comes after a video circulating online showed three passengers alleging that they were denied entry on a KQ plane at O.R. Tambo International…
- By Asman Mugambi FEB 6 – Success in life often comes down to intentional choices and thoughtful planning. Whether you are saving for your child’s education, owning a home, or preparing for a fulfilling retirement, reaching these milestones starts with setting clear goals and securing your financial…
- NAIROBI, Kenya, Feb 6 – Global audit firm KPMG has warned that the newly implemented National Social Security Fund (NSSF) contribution model will reduce the purchasing power of employed Kenyans by lowering their disposable income. In its latest report, the tax advisory firm notes that higher NSSF…
- NAIROBI, Kenya, Jan 6 – Online delivery platform Glovo has announced plans to integrate Artificial Intelligence (AI) into its customer service operations, assuring users of data security under its updated privacy policy. “We may use AI technology as part of our customer service processes. Rest…
- LONDON, Feb. 6 (Xinhua) — The British central bank announced on Thursday that it would cut the interest rate from 4.75 percent to 4.5 percent, citing concerns about stagnant growth. The decision was made by the Monetary Policy Committee of the Bank of England (BoE), which voted 7-2 to cut rates.…
- Nairobi, Kenya – Feb 6 – Axmed, a Health-tech social impact company, today introduced the Axmed Medicines Platform and unveiled its inaugural Axmed Access Summit in Nairobi. Anchored by the theme, “Unlocking Access, Transforming Lives,” the summit unites global leaders, changemakers, and innovators…
- NAIROBI, Kenya, Feb 6 – The Kenya Bureau of Standards (KEBS) and the Energy and Petroleum Regulatory Authority (EPRA) have assured the public of the quality of petroleum fuels in the country, following rising concerns over substandard fuel sold at gas stations. In a joint statement, the…
- FEB 6 – Indian tax authorities have sent a confidential notice to South Korean car maker Kia Motors accusing it of evading millions of dollars in taxes. The amount could be as high as $155m (£125m) and the notice was sent in April last year, according to Reuters. Kia India told the BBC it has […]
- NAIROBI, Kenya, Feb 5 – National Assembly Majority Leader Kimani Ichung’wah is under growing pressure ahead of an upcoming Al Jazeera interview, with civil society groups demanding tough questions on corruption, nepotism, and human rights violations. A letter from concerned citizens and advocacy…
- PANAMA CITY, Feb. 6 (Xinhua) — The Panama Canal Authority denied reports on Wednesday that it would allow U.S. government vessels to transit the canal for free, clarifying that no changes have been made to tolls or fees. “In response to a publication issued by the U.S. Department of State, the…
- NAIROBI, Kenya, Jan 6 – Kenya Electricity Generating Company (KenGen) has reported a 79 percent increase in profit after tax for the six months ending December 31, 2024. The electricity producer posted a net profit of Sh5.3 billion, up from Sh2.96 billion in the same period last year. KenGen says…
- FEB 6 – Thousands of employees at the US Agency for International Development (USAID) will be placed on leave from Friday night, the agency says. A USAID statement said the order would affect all “direct-hire personnel” except those on “mission-critical functions, core leadership and specially…
- FEB 6 – The U-turn by a former diversity champion comes as big US firms face pressure to abandon the policies Google has become the latest big US firm to scrap its goals to recruit more workers from underrepresented groups, BBC News understands. The decision to abandon the diversity, equity, and…
- NAIROBI, Kenya, Feb 6 – Former Prime Minister Raila Odinga has vowed to support private developers in expanding their investments across Africa if elected as the next African Union Commission (AUC) Chairperson. Speaking during an impromptu visit to Business Bay Square (BBS) Mall in Eastleigh, Raila…
- NAIROBI, Kenya, Feb 6 – TikTok has reinforced its safety measures in Kenya, removing over 334,000 videos in Q3 2024 for violating its Community Guidelines. According to its latest Community Guidelines Enforcement Report, 88.9% of these videos were taken down before any views, while 93% were removed…
- SINGAPORE, Feb. 6 (Xinhua) — Singapore will allocate nearly 7 billion Singapore dollars (about 5.18 billion USD dollars) to marriage and parenthood initiatives in the financial year 2026 (April 2026 — March 2027), up from over 4 billion Singapore dollars in 2020, Minister in the Prime Minister’s…
- NAIROBI, Feb. 6 (Xinhua) — Senior government and business leaders on Wednesday arrived at Nairobi, the capital of Kenya, in hopes of promoting commercial ties between Africa and the Middle East region. The two-day Future Growth Forum, with the theme of “Enhancing Economic Development and Innovation…
- CAPE TOWN, Feb. 5 (Xinhua) — The national minimum wage in South Africa will increase by about 4.4 percent to 28.79 rand (about 1.55 U.S. dollars) per hour, effective March 1, the Department of Employment and Labor announced Wednesday. Minister of the Department of Employment and Labor Nomakhosazana…
- NAIROBI, Kenya, Feb 5 – The Central Bank of Kenya (CBK) has reduced its official lending rate by 50 basis points to 10.75 percent, aiming to stimulate economic growth. The Monetary Policy Committee (MPC) made the cut amid expectations that inflation will remain stable in the near term. This…
- JERUSALEM, Feb. 5 (Xinhua) — United Airlines will be the first U.S. carrier to resume flights to Israel, the Israel Airports Authority confirmed on Wednesday in a statement. The carrier announced Tuesday that it will resume service from Newark’s Liberty International Airport to Israel’s Tel Aviv on…
- NAIROBI, Kenya Feb 5 – Kenyan business conditions improved last month with expansions in output and new orders, according to Stanbic Bank Kenya’s Purchasing Managers’ Index (PMI). The private sector recorded a PMI of 50.5 in January 2025, an improvement from the previous month. Readings above 50.…
- FEB 5 – The UK government has denied claims made by the prime minister of Mauritius that it faces paying billions more under a renegotiated deal over the future of the Chagos Islands. Last October, the UK announced it would hand over sovereignty of the islands to Mauritius but would maintain a 99-…
- NAIROBI, Kenya, Feb 5 – Pan-African insurer African Trade Insurance Agency (ATIDI) has called for greater investment in African development institutions as a means of reducing the continent’s reliance on unpredictable donor funding. The call comes in response to the recent decision by the U.S.…
- NAIROBI, Kenya Feb 5 – East Africa’s travel solutions platform BuuPass, has partnered with Stanbic Bank Kenya to offer exclusive cashback rewards for Stanbic Bank cardholders. This limited-time offer allows travelers to enjoy significant savings on their journeys where Stanbic Bank cardholders can…
