- By Kennedy Kachwanya SEP 24 – The global gaming industry is one of the fastest-growing sectors, projected to reach a staggering $300 billion by 2025. Africa, with its young and dynamic population, is poised to become a major player in this space. According to recent reports, the gaming industry in…
- NAIROBI, Kenya, Sep 24 – I&M Bank has introduced a new AI-powered ‘Buy Now, Pay Later’ service anchored on enhancing its unsecured lending offerings. The service, available to existing customers, is designed to provide a flexible and convenient financing option across multiple merchants and e-…
- NAIROBI, Kenya, Sep 24 – Kenya Tourism Board (KTB) has listed Kajulu forest in Kisumu County as the flagship site for the national “One Tourist, One Tree” campaign aimed at promoting sustainable tourism and environmental conservation. The program, undertaken in collaboration with the Ministry of…
- NAIROBI, Kenya Sep 13 –Kenyans have been granted free access to the country’s game reserves and Parks on September 28 2024 as Kenya marks the United Nation World Tourism Week which kicked off in Kisumu on Monday. Tourism Cabinet Secretary Rebecca Miano noted The culmination of UN Tourism Week…
- NAIROBI, Kenya Sep 13 -Kenya Revenue Authority (KRA) has now reduced the period of processing Value Add Tax (VAT) refunds from 102 days in the Financial Year 2020/21 to 41 days as of June 2024. KRA attributed the substantial improvement to the development of internal Service Level Agreements (SLAs…
- NAIROBI, Kenya, Sep 23 —Tatu Telecom, the telecommunications provider for Tatu City, has announced connecting more than 1,000 customers to its high-speed fibre optic network, while laying down 85,000 meters of fibre infrastructure, according to a recent company statement. In a move to bolster Tatu…
- NAIROBI, Kenya, Sep 23-Kenya Airways(KQ) lost at least Sh80 million during recent demonstrations against the government’s deal with Adani Company over Jomo Kenyatta International Airport (JKIA)takeover. Kenya Airways Chief Executive Officer (CEO)Allan Kilavuka on Monday revealed that the flight…
- NAIROBI, Kenya, Sep 23 – Safaricom has introduced a new data package with increased internet speeds for its Home and Business Customers. Through the Telco revamped Home and Business fibre Internet connectivity the new 1000Mbps Platinum package will see customers enjoy increased speeds and greater…
- NAIROBI, Kenya, Sep 23 -The Kenyatta International Convention Centre (KICC) and Kenya Airways (KQ) have today unveiled a strategic partnership to enhance the marketing and promotion of Kenya as a premier global destination for Meetings, Incentives, Conferences, and Exhibitions (MICE). This…
- NAIROBI, Kenya, Sept 22 – Safaricom has announced a Sh104.8 billion investment in Kenya’s healthcare sector with an aim to transform the nation’s health system through technology. The initiative, guided by the Ministry of Health’s vision for universal quality healthcare, involves an investment…
- NAIROBI, Kenya, Sep 22 – Acorn Holdings Limited (AHL), a property developer, plans to redeem the Sh5.7 billion green bond, Africa’s inaugural green housing bond, one month ahead of its official maturity date. The early repayment, set for the first week of October 2024, will return up to Sh2.7…
- SEP 22 – Half a billion fans, a multi-million dollar personal fortune and a global business empire. It would take a lot to dethrone YouTube’s biggest influencer Jimmy Donaldson, aka MrBeast. But a 54-page court document could be his toughest test yet. Five female contestants on upcoming Prime Video…
- NAIROBI,Kenya,Sep 22 – Rwanda’s economy grew by 9.7% in the first quarter of 2024, according to the 23rd edition of the Rwanda Economic Update (REU), recently released by the World Bank. This growth outpaced the 8.2% recorded in the same period last year. The report, titled Accelerating Skills…
- SEP 22 – A businessman has moved to court seeking to stop the construction of a building he claims is a threat to the residents of Kangara Road in Lavington, Nairobi County. In an application filed by lawyer Clinton Mwale, Symolink Company Limited and Ayaga Sankale, the plaintiffs claim that they…
- ROME, Sept. 22 (Xinhua) — Alongside the opportunities, significant risks posed by Artificial Intelligence (AI) to the cultural sector were highlighted at the Group of Seven (G7) ministers’ cultural meeting, which concluded on Saturday in Naples, Italy. AI is “increasingly permeating the value…
- NAIROBI, Sept. 22 (Xinhua) — Kenya’s foreign exchange reserves have reached a new high of 7.85 billion U.S. dollars as of Thursday, marking an increase for the third consecutive week, the Central Bank of Kenya (CBK) said in its weekly financial market update released on Friday evening. The reserves…
- SEP 21 – Text Book Centre (TBC), an educational and office supplies conglomerate, is targeting residents of Kiambu County with a new store in Ruiru. The Nord Ruiru store is TBC’s second facility to be opened outside of Nairobi and thirteenth nationally. TBC CEO Sachin Varma said that the expansion…
- SEP 21 – The Kenya National Police DT Sacco is set to accelerate loan processing for its members and adopt advanced technologies across its platforms. CEO Solomon Agutsa emphasized that these initiatives will enhance accessibility and efficiency in banking for customers. Agutsa made these remarks…
- SACRAMENTO, the United States, Sept. 21 (Xinhua) — Microsoft and Constellation Energy announced a groundbreaking deal Friday to reopen the partially-melted-down Three Mile Island nuclear plant, with the tech giant purchasing all the power for 20 years after restart. The deal marked the first time a…
- NAIROBI, Kenya, Sep 21 – The ongoing reforms in coffee and tea subsectors are bearing fruit as farmers earn more money, Deputy President Rigathi Gachagua has said. Mr Gachagua attributed this to the Government-driven reforms and interventions, small scale farmers have also been able to raise…
- LOS ANGELES, Sept. 21 (Xinhua) — U.S. private space company SpaceX launched 20 Starlink satellites into orbit on Friday. According to SpaceX, the satellites were launched aboard a Falcon 9 rocket from Vandenberg Space Force Base in California at 6:50 a.m. Pacific Time. Shortly after the launch,…
- ADDIS ABABA, Sept. 21 (Xinhua) — Ethiopian Airlines, the leading African carrier, announced Friday the addition of three new flights from Addis Ababa, the capital of Ethiopia, to Guangzhou, the capital of south China’s Guangdong Province. The newly added flights will commence on Sept. 27, 2024,…
- NAIROBI, Sept. 21 (Xinhua) — Kenya’s electricity imports from Ethiopia rose 88 percent in the first six months (H1) of 2024 as compared to a similar period in 2023, as the East African nation sought cheaper hydropower, the national statistics bureau said in a report Friday. Kenya National Bureau of…
- NAIROBI, Kenya, Sep 20 – Justice Alfred Mabeya, Presiding Judge of the Milimani High Court Commercial & Tax Division, has warned that evolving tax policies and emerging economic realities pose significant challenges for judicial officers in delivering informed judgments. Mabeya emphasized the…
- NAIROBI, Kenya, Sep 20 – Norwegian state-owned investment company Norfund has inked a Sh2.3 billion ($18 million) deal with Irvine’s Group to boost the poultry sector in Kenya, Tanzania, Botswana, and Mozambique. The equity investment in Buchan Limited, the Group’s holding company, will allow…
- SEP 20 – South Yorkshire has been chosen as the home for an American company’s factory making nuclear reactors. Holtec, the world’s largest exporter of capital nuclear components, said it planned to build small modular reactors (SMRs) at the factory to serve the UK, European and Middle East markets…
- By Robert Karanja SEP 20 – As Africa rises to the forefront of global socio-economic development, a crucial tool remains often underappreciated: communication. In an era where our continent is poised for growth, the ability to communicate effectively stands as a catalyst to Africa’s renaissance.…
- SEP 20 – The United Kingdom should commit to improving relations with the European Union, an influential trade policy think tank says. The European Centre for International Political Economy made the call as it published a road map aimed at bringing the two sides together. The Brussels-based…
- NAIROBI, Kenya, Sept 20 – Solicitor-General Shadrack Mose has called on the Treasury to expedite the long-overdue payment of terminal dues owed to former employees of Kenya Co-operative Creameries Limited (KCC). In a response to the Senate’s Standing Committee on Labour and Social Welfare, Mose…
- SEP 20 – The boss of Nike will step down next month, making way for a company veteran to take his place as the leader of the world’s biggest sportswear company amid tough competition in the retail sector. In a statement, Nike said John Donahoe will retire on 13 October, staying on in an advisory […]
- SEP 20 – The Taiwanese government has said components in thousands of pagers used by the armed group Hezbollah that exploded in Lebanon earlier this week were not made on the island. The comments come after Taiwanese company Gold Apollo said it did not make the devices used in the attack. The…
- NAIROBI, Kenya, Sep 20 – Dealers of horticulture in Kenya will be required to get licenses to grow, handle, and sell fruits, vegetables, and flowers under a new Bill. The 2024 Horticultural Crops Authority Bill, sponsored by nominated MP Sabina Chege, mandates county governments to keep a list of…
- NEW YORK, Sept. 20 (Xinhua) — U.S. stocks ended higher on Thursday, with the Dow Jones Industrial Average and the S&P 500 both reaching record highs, after the Federal Reserve lowered interest rates by half a percentage point. The Dow Jones Industrial Average rose 522.09 points, or 1.26 percent…
- LAMU, Kenya, Sept. 20 (Xinhua) — The Kenyan government will enhance security in Lamu County, a popular tourist region, to combat terrorism and other threats, aiming to attract more visitors, Deputy President Rigathi Gachagua said Thursday. The government has mobilized all security agencies in the…
- By Monica Chege SEP 19 – In my many years of crafting successful campaigns for organizations, I’ve come to realize that success in marketing is not just about visibility or creative campaigns—it’s about having the right foundation. At the heart of every great marketing effort are two critical…
- NAIROBI, Sept. 19 (Xinhua) — Kenya’s Nairobi Securities Exchange (NSE) on Thursday unveiled a series of bond reforms aimed at boosting the growth of the country’s capital markets. John Mbadi, cabinet secretary for the national treasury and economic planning, told journalists in Nairobi, the capital…
- SEP 19 – Interest rates are “now gradually on the path down”, the Bank of England governor has said after borrowing costs were held at 5%. Andrew Bailey said inflation had “come down a long way” but warned the Bank would need to see more evidence that it will remain low before cutting rates further…
- SEP 19 – An engine fire on a Cathay Pacific Airbus A350 earlier this month was the result of a fuel leak and could have caused extensive damage to the plane, according to investigators. Hong Kong’s flagship airline grounded planes after being forced to turn a flight around a couple of weeks ago…
- SEP 19 – Some X users in Brazil were once again able to access the social media platform on Wednesday despite a ban imposed by the nation’s judiciary last month. Brazilian users swarmed the site after X, which is owned by tech billionaire Elon Musk, updated how its servers within the country are…
- NAIROBI, Kenya, Sept 19 – The Ministry of Labour and Social Protection has expressed regret over the prolonged delay in the payment of terminal dues owed to former employees of Pan African Paper Mills in Webuye, Bungoma County. The issue, which has been a source of concern for years, was recently…
- NAIROBI, Kenya, Sep 19 – Carrefour has opened a new store in Ruiru, Kiambu County, as part of its e-commerce expansion in Nairobi’s satellite towns. Located in the Nord Mall, this 24th store in Kenya and 19th in Nairobi spans around 2,500 square meters, offering a diverse range of consumer goods,…
- NAIROBI, Sept. 19 (Xinhua) — The Chinese-built Nairobi Expressway in Kenya has been nominated for the “Best Technological Innovation in Transport” category at the Afrika Mashariki Transport Awards 2024, according to a statement issued on Wednesday. “Nairobi Expressway is up for Best Technological…
- SACRAMENTO, the United States, Sept. 19 (Xinhua) — California Governor Gavin Newsom signed five artificial intelligence (AI) bills into law this week, addressing concerns about deepfakes in elections and protecting performers’ digital likenesses. However, he has yet to sign the pivotal Senate Bill…
- CANBERRA, Sept. 19 (Xinhua) — Australia’s unemployment rate remained steady in August, official figures have revealed. According to data published by the Australian Bureau of Statistics (ABS) on Thursday, the official unemployment rate in August was 4.2 percent – the same as in July. The number of…
- NAIROBI, Kenya, Sep 19 – Nairobi is hosting an event showcasing the latest developments in the electric vehicle sector at the 3rd edition of the Africa E-Mobility Week Conference, which aims to advance electric mobility in Africa. The event, which started yesterday and ends on September 21, brings…
- NAIROBI, Kenya, Sep 19 – Unconventional Capital (Uncap), a German firm, has rolled out a Sh4.3 billion (€30 million) fund targeting early-stage startups in Kenya and other African nations. The facility offers non-dilutive and revenue-based financing to pioneering small and medium-sized enterprises…
- By Ben Selier SEP 19 – This year, APC celebrates 40 years since introducing its first, milestone UPS in 1984. This original model, the 750, used a lead-acid battery to provide surge protection and backup power for PCs, LANs, and workstations. However, due to its high development cost, it didn’t…
- NAIROBI, Sept. 19 (Xinhua) — E-mobility experts met in the Kenyan capital of Nairobi on Wednesday to discuss ways to accelerate the adoption of e-mobility in Africa. The five-day Africa E-Mobility Week 2024 brought together more than 200 delegates, including representatives from United Nations…
- OTTAWA, Sept. 19 (Xinhua) — The Canadian federal government on Wednesday announced a further reduction of international students to manage the volume of temporary resident arrivals. Immigration, Refugees and Citizenship Canada (IRCC) said in a news release that in 2025 new international student…
- NEW YORK, Sept. 19 (Xinhua) — U.S. stocks ended lower on Wednesday, after the Federal Reserve announced a 0.5-percentage-point interest rate cut. The Dow Jones Industrial Average fell 103.08 points, or 0.25 percent, to 41,503.1. The S&P 500 sank 16.32 points, or 0.29 percent, to 5,618.26. The…
