- JAN 24 – A £9bn deal for nuclear submarine reactors has been agreed between the Ministry of Defence and Rolls-Royce – the biggest ever between the two. Defence Secretary John Healey announced the agreement on Friday during a visit to the firm’s nuclear reactor production facility in Derby. The…
- NAIROBI, Kenya, Jan 24 – The Communications Authority of Kenya (CA) has reported a significant decrease in cyber threats in the country, according to its first quarter sector statistics for the financial year 2024/2025. The report revealed that between July and September 2024, the number of cyber…
- NAIROBI, Kenya, Jan 24 – Sustainable construction firm On-Site Insulated Concrete Form (ICF) is transforming Kenya’s housing sector with innovative, cost-effective building technologies. The company’s flagship products, ICF blocks made from polyethylene-based materials, replace traditional bricks…
- NAIROBI, Kenya, Jan 24 – CFAO Mobility Kenya has acquired Tyre Distribution Africa (TYDIA), becoming the official distributor of Michelin and BF Goodrich tyres in East Africa. This strategic move bolsters CFAO Mobility Kenya’s footprint in the automotive sector, enhancing its tyre distribution…
- JAN 24 – Japan’s central bank has increased the cost of borrowing to its highest level in 17 years after consumer price rises accelerated in December. The move by the Bank of Japan (BOJ) to raise its short-term policy rate to “around 0.5 per cent” comes just hours after the latest economic data…
- NAIROBI, Kenya, Jan 24 – Muwariziki Sugar Millers Limited plans to establish a Sh1.5 billion ($11.52 million) sugar factory in Rangwe Sub-County, Homabay County. The project includes installing a 1250 TCD (expandable to 1500 TCD) sugar mill, a 20 KLPD ethanol distillery, and a 3 MW captive power…
- JAN 24 – UnitedHealthcare has named a new boss almost two months after its then-chief executive Brian Thompson was shot and killed in New York. Company veteran Tim Noel will take charge of the largest health insurer in the US, which has more than 50 million customers, at a critical moment. Mr…
- NAIROBI, Jan. 24 (Xinhua) — Kenya plans to leverage the World Chamber Forum-Africa Global Summit 2025 scheduled to take place in April in Nairobi, the Kenyan capital, to boost foreign direct investment. Abraham Korir Sing’Oei, principal secretary in the Ministry of Foreign and Diaspora Affairs,…
- NAIROBI, Kenya, Jan 24 – KCB Bank Kenya, in partnership with Mastercard, has introduced Kenya’s first multi-currency prepaid card, supporting 11 global currencies to simplify international transactions and spending across diverse destinations. The card accommodates the Kenyan Shilling, US Dollar,…
- JAN 24 – President Donald Trump has said the US does not need Canadian energy, vehicles or lumber as he spoke to global business leaders at the World Economic Forum. Trump also reiterated his threat to impose tariffs on the country, saying it can be avoided if the neighbouring nation chose to “…
- NAIROBI, Jan. 24 (Xinhua) — Kenya played host to about 80,000 inbound Chinese tourists in 2024, up from 51,000 in 2023, and hopes to get more this year, a senior government official said on Thursday. John Ololtuaa, principal secretary in the Ministry of Tourism and Wildlife, told Xinhua in the…
- BOSTON, Jan 23 – The Legatum Center for Development and Entrepreneurship at the MIT Sloan School of Management has announced a strategic five-year collaboration with the Government of Botswana to foster economic diversification and innovation. The partnership aims to position Botswana as a model…
- MANILA, Jan. 23 (Xinhua) — The Philippines has imposed a temporary import ban on birds and poultry products from South Dakota of the United States due to an outbreak of bird flu, the Philippines’ Department of Agriculture said Thursday. In a memorandum dated Jan. 22, Philippine Agriculture…
- NAIROBI, Kenya, Jan 23 – The Kenya Revenue Authority (KRA) has lauded its efforts to enhance service delivery through innovative customs operations, a move credited with boosting trade and revenue growth. Ahead of World Customs Day on January 24, KRA highlighted the success of its Integrated…
- NAIROBI, Kenya, Jan 23 – Five associations have united to form the FinTech Alliance (TFA) to drive the growth and development of Kenya’s fintech sector. The alliance brings together key industry players, including the Association of Fintechs in Kenya (AFIK), Fintech Association of Kenya (FINTAK),…
- JAN 23 – The publisher of the Sun newspaper has agreed to pay “substantial damages” and apologised to the Duke of Sussex to settle a long-running legal battle over claims of unlawful intrusion into his life. Prince Harry alleged journalists and private investigators working for News Group…
- NAIROBI, Kenya, Jan 22 – Kenya and Africa are projected to remain at the forefront of resilience and innovation in 2025, driven by strategic investments, sector diversification, and sound fiscal policies, according to Standard Chartered Bank’s 2025 Global Market Outlook. Despite a projected global…
- NAIROBI, Kenya, Jan 23 – Parliament has introduced the Anti-Corruption Laws (Amendment) Bill, 2025, aimed at accelerating the hearing and determination of corruption cases in the High Court and Court of Appeal. The Bill seeks to amend several key statutes, including the Ethics and Anti-Corruption…
- JAN 23 – The new EU trade chief says a new customs area could be up for discussion in reset talks later this year. The European Union’s new trade chief responsible for post-Brexit negotiations has told the BBC that a “pan-European [customs] area is something we could consider” as part of “reset”…
- NAIROBI, Kenya, Jan 23 – Payroll and HR tech company SeamlessHR has raised $9 million in its latest funding round, backed by the Gates Foundation and Helios Digital Ventures. The investment will bolster SeamlessHR’s expansion across Africa, enabling the firm to enhance workforce productivity and…
- JAN 23 – A US lawsuit filed on behalf of LinkedIn Premium users accuses the social media platform of sharing their private messages with other companies to train artificial intelligence (AI) models. It alleges that in August last year, the world’s largest professional social networking website “…
- NAIROBI, Jan. 23 (Xinhua) — Investors’ wealth at Kenya’s Nairobi Securities Exchange (NSE) has surged 48 percent in a year amid sustained rise in share prices of blue chip stocks. Market data from the NSE released on Wednesday shows that market capitalization, a measure of investors’ wealth, stood…
- NAIROBI, Kenya, Jan 23 – Justice Onyango Vincent’s journey from a small town in Busia County to establishing an educational haven in Mtwapa, Kilifi County, is a story of resilience, vision, and purpose. At 38, the founder and director of BTC Adult School and Bridging Centre has redefined the…
- NAIROBI, Kenya, Jan 22 – The Green Belt Movement (GBM) has urged Chief Conservator of Forests Alexander Lemarkoko to address concerns over potential encroachment near Karura Forest. The organization, founded on the legacy of Nobel Laureate Wangari Maathai, has questioned the land’s ownership,…
- JAN 22 – Netflix will raise prices across a number of countries after adding nearly 19 million subscribers in the final months of 2024. The streaming firm said it will increase subscription costs in the US, Canada, Argentina and Portugal. Asked if prices were set to increase in the UK, a…
- NAIROBI, Kenya, Jan 22 – Kenya remains at a heightened risk of debt distress, despite the government’s successful sale of a $2 billion Eurobond last year, according to a new report from the Institute of Public Finance (IPF). In its 2025 Macro Fiscal Analysis Snapshot (MFAS), IPF sounded the alarm…
- Jan 22 – Industry leaders have expressed optimism about the future of India-US trade and economic ties under President Donald Trump, highlighting opportunities for collaboration in key sectors such as healthcare, pharmaceuticals, and electronics. However, concerns remain after Trump reiterated his…
- NAIROBI, Kenya, January 23 – A petition challenging the appointment of Mary Wanjira Kimonye as the Vice Chairperson of the Public Service Commission (PSC) and seven other members has been filed at the High Court of Kenya, Milimani, Nairobi. The appointments, made by President William Ruto in…
- NAIROBI, Kenya, January 22 – The National Assembly has called for a special audit of exchequer releases to the State Departments of Water and Roads amid allegations of financial mismanagement and delays in project implementation. A motion passed by the House cited “persistent” reports of…
- JAN 22 – OpenAI is teaming up with Oracle and Softbank to build data centres equipped to power artificial intelligence (AI), with plans to invest $100bn “immediately”. Flanked by the bosses of the three companies at the White House, US President Donald Trump said the plan is a “resounding…
- NAIROBI, Kenya, Jan 22 – Land prices in Nairobi’s satellite towns grew at the slowest rate since June 2023, with average price growth declining to 1.9 percent in Q4 2024, down from 3.02 percent in Q3, according to HassConsult. Nine of 14 tracked towns saw decelerations, led by Thika and Mlolongo…
- DAVOS, Switzerland, January 22 – Renowned pan-African communications expert Gina Din-Kariuki has called on African nations to reclaim their narrative to counter biased media portrayals that undermine the continent’s economic potential. Speaking at the World Economic Forum, Din-Kariuki emphasized…
- NAIROBI, Kenya, Jan 22 – Hyatt Hotels Corporation has officially opened the Hyatt Regency Nairobi in Westlands, marking the brand’s debut in Kenya. The five-star hotel, located near key attractions such as Karura Forest and Nairobi National Park, features 219 rooms, including suites and…
- SINGAPORE, Jan. 22 (Xinhua) — China emerged as the largest source market for Singapore’s Changi Airport in 2024, with passenger traffic nearly doubling from 2023 and surpassing the pre-COVID level by 6 percent, according to a report released by the airport on Wednesday. The top five passenger…
- NAIROBI, Jan. 22 (Xinhua) — Kenya’s business process outsourcing (BPO) sector has created over 40,000 jobs recently, driven by the entry of new investors attracted by an enabling policy and regulatory environment, senior officials said on Tuesday. John Tanui, principal secretary in the Ministry of…
- NAIROBI, Kenya, Jan 22 – US President Donald Trump has said he is considering imposing a 10% tariff on imports of Chinese-made goods as soon as 1 February. Trump said discussions with his administration were “based on the fact that they’re sending fentanyl to Mexico and Canada.” It followed threats…
- MADRID, Jan. 22 (Xinhua) — International tourist arrivals rose by 11 percent in 2024, with 1.4 billion people traveling internationally, according to the World Tourism Barometer published by UN Tourism on Tuesday. The data, which is published on the eve of the FITUR international tourism exhibition…
- NAIROBI, Kenya, Jan 21 – The Kenyan government has announced the removal of eTA and visa requirements for all African nationals, excluding those from Somalia and Libya, citing security concerns. The move aims to bolster regional integration and promote tourism growth across the continent. African…
- By Dr. Ayman Mostafa, IVF Expert, The Nairobi West Hospital JAN 22 – Kenya’s fertility rate has been gradually declining over the past two decades. In 2022, the fertility rate was 3.311 births per woman, reflecting a 1.55% decrease from 2021. This decline has led to a growing demand for fertility…
- JAN 21 – In a move towards addressing Africa’s energy access challenges, PowerGen Renewable Energy has enlisted Delphos as its financial advisor for a series of transformative renewable energy initiatives on the continent. Delphos, a global specialist in development finance, has been instrumental…
- JAN 21 – Stock markets in Asia made modest gains on Tuesday after President Donald Trump said he is thinking of imposing new tariffs on Mexico, Canada and China. Shares were flat to a little higher after Trump pledged in his inaugural address to bring in a “golden age” for America and stopped short…
- NAIROBI, Kenya, Jan 21 – HF Group’s rights issue received an oversubscription of 38.32 percent amid investors high demand. The financial solutions provider, which held a bell-ringing ceremony today in Nairobi, targeted to raise an additional investment of Sh4.6 billion but received applications of…
- NAIROBI, Kenya, Jan 21 – Safaricom’s Ziidi Money Market Fund (MMF) has achieved Sh2.85 billion in assets under management just a month after its launch, with over 450,000 users onboarded. Ziidi MMF is a unit trust product allowing customers to earn daily interest by investing funds from their M-…
- SINGAPORE, Jan. 21 (Xinhua) — Singapore has introduced stricter measures to regulate screen use among children in schools and preschools as part of a broader multi-ministry health initiative launched on Tuesday. From Feb. 1, preschools will enforce updated rules banning screen use for children…
- By Branton Sammy Mutea JAN 21 – The recent amendments to Kenya’s business laws mark a watershed moment for borrowers and asset financiers, offering clarity and regulation in a sector that has long operated in legal limbo. For years, asset financiers faced uncertainty due to gaps in the law, leaving…
- NAIROBI, Kenya, Jan 21 – Cold Solutions Kenya has achieved LEED Gold certification from the U.S. Green Building Council, becoming the first multipurpose temperature-controlled warehouse in Africa to receive this recognition. The accolade underscores the company’s commitment to sustainability and…
- NAIROBI, Kenya, Jan 21 – Adili Group has entered the Rwandan market with the launch of Adili Rwanda, solidifying its role as a leading provider of corporate services in East Africa. Leveraging over 150 years of expertise in regulatory compliance, risk management, and corporate governance, Adili…
- JAN 21 – President Trump has signed an executive order granting TikTok a 75-day extension to comply with a law that requires a sale or ban of the platform. He says during that time, the US will not enforce the law passed by Congress last year and signed by former President Joe Biden. The order […]
- NAIROBI, Kenya, Jan 21 – Kenya Power has awarded tenders worth Sh4.15 billion to businesses owned by youth, women, and persons with disabilities (PWDs) during the financial year 2023/2024, surpassing the initial target of Sh3.2 billion. Youths took the lion’s share, securing Sh3.8 billion worth of…
- By Alex Kanyi and Lena Onyango, Jan 21 – There can be no doubt that redeemable preference shares have fast become a key instrument for businesses seeking to raise capital. How can businesses say no when the dual benefits of financing flexibility and potential tax advantages are put on the table.…
