- SEP 9 – India’s market regulator is facing a threat to its credibility after a barrage of allegations against its chief, top fund managers have told the BBC. Multiple charges, mostly around conflict of interest, have surfaced against Madhabi Puri Buch, chairperson of the Securities and Exchange…
- SEP 9 – More local authorities in England are to be given powers to take control of bus services under legislation being laid before Parliament on Monday. Transport Secretary Louise Haigh says the changes will deliver a “bus revolution” that will save vital routes. It will allow all authorities to…
- NAIROBI, Kenya, Sep 9 – The National Treasury is proposing tax cuts, Cabinet Secretary (CS) John Mbadi has announced. The plan includes reducing valued-added tax (VAT) from 16 percent to 14 percent, cutting corporation tax from 30 percent to 25 percent, and lowering pay-as-you-earn (PAYE) rates,…
- SEP 9 – Tourism experts are optimistic about the growth of China’s outbound travel to Africa, fueled by deepening cooperation and Chinese travelers’ emerging passion for exotic destinations. Travel industry statistics for the recently completed summer holiday period, from early July to late August…
- NAIROBI, Kenya, Sept 9 – NCBA Bank invested $5 million dollars (Sh644.5 million) in cyber security as cyber-attack threats over the last year. The lender says the amount was primarily used in fortifying its fire walls amid spiraling cases of cyberthreat in the country. Its managing director, John…
- SEP 9 – The US government is taking aim at the engine of Google’s immense wealth – its extremely lucrative ad tech business. A trial beginning on Monday will hear the Department of Justice’s case that the search engine’s parent company Alphabet illegally operates a monopoly in the market. The…
- SEP 9 – Boeing is offering its staff a 25% pay bump over a four-year contract, in a bid to avoid a strike that could potentially shut down its assembly lines as early as Friday. Union leaders representing more than 30,000 employees have urged the workers to support the proposal, describing it as…
- WELLINGTON, Sept. 9 (Xinhua) — Farming at the edges of nature reserves is facilitating invasions by exotic plants, according to a study published on Monday. The study found that exotic plants are invading native shrubland reserves in the Canterbury Plains of New Zealand’s South Island, which are…
- TOKYO, Sept. 9 (Xinhua) — Japan logged a current account surplus of 3.19 trillion yen (about 22.4 billion U.S. dollars) in July, said a government report on Monday, noting an increase in foreign investment returns. The figure marked an expansion of 418 billion yen from the same period a year ago,…
- NAIROBI, Kenya, Sep 9 – If a new bill passes in Parliament, bankers in the country will be required to pay Sh10,000 per year as a license. Kesses Member of Parliament Julius Rutto proposed the bill, titled ‘The Institute of Bankers Bill 2024,’ this month. The bill further proposes the establishment…
- NAIROBI, Kenya, Sept 8 – Over 1000 students from Baraka Oontoyie Secondary School in Kajiado County have benefitted from life skills, financial literacy, and health awareness programs empowered by TAC That Awkward Conversation. According to Wathanu Warui, TAC Co-Founder, the program will inspire…
- DHAKA, Sept. 8 (Xinhua) — The central bank of Bangladesh has lifted a limit on cash withdrawals from banks from Sunday. Bangladesh Bank spokesperson Md Mezbaul Haque made the announcement on Saturday, saying the restriction on cash withdrawals will no longer be in effect as of Sunday. He said bank…
- NAIROBI, Kenya Sept 8 – Kenya’s investment in macadamia nuts has positioned the country as a leading exporter in the region despite regulatory and market challenges in the sector. This is according to the 2024 Africa Agriculture Status Report by Alliance for a Green Revolution in Africa (AGRA). The…
- NAIROBI, Kenya, Sep 7 – Absa Bank Kenya has launched a new Corporate and Investment Banking (CIB) ‘Invested in Your Story’ campaign that aims to support clients to recover from post-COVID shock. Through the campaign, the bank will offer financial solutions to its customers, such as transactional…
- SEP 8 – Chinese car giant Chery is weighing up the possibility of building cars in the UK, according to a senior executive. Its UK head Victor Zhang told the BBC it was a “matter of time” before the company made a final decision. He said Chery, which is already preparing to build cars in […]
- SEP 8 – Adrian Newey is joining Aston Martin on a salary that could rise to £30m, including bonuses and add-ons. That is a lot of money for an engineer – but then Newey is not just any engineer. That money is believed to be more than all the drivers are earning, bar Max Verstappen, […]
- NAIROBI, Kenya, September 8 – The United States Secretary of State Anthony Blinken has reiterated the importance of paying Kenyan troops participating in the Haiti operation on time. Answering one of the questions in regards to the mission in a press conference on Wednesday, Blinken stressed that…
- SEP 7 – Selena Gomez rose to fame as a child star on Barney and the Disney Channel. Her latest role? Billionaire. The 32-year-old actress and singer has amassed a fortune worth $1.3bn, according to Bloomberg, which added the celebrity to its billionaire index on Friday. It said her wealth came…
- NAIROBI, Sept. 7 (Xinhua) — Kenya’s avocado exports reached 16,000 tons in the first eight months of 2024, compared to 14,000 tons in 2023, a trade association said on Friday. The growth in exports was attributed to the increasing land under cultivation by farmers seeking to tap into the lucrative…
- NAIROBI, Kenya, Sep 7 – Individuals and companies that are passionate about the development of the African continent are invited to submit entries for nomination in various categories of The Year of Return Africa (YORA) Awards 2024. The awards, organized by US based Non-profit organization Abana…
- WASHINGTON, Sept. 7 (Xinhua) — U.S. export control measures in semiconductor and quantum sectors on the grounds of national security have drawn pushback from industry insiders and observers. The U.S. Commerce Department’s Bureau of Industry and Security (BIS) is implementing export controls on…
- NAIROBI, Kenya Sept 7 – National Treasury Cabinet Secretary (CS) John Mbadi has inked a new deal with China Development Bank for the construction of 15 rural roads across the country. CS John Mbadi, who accompanied President William Ruto during the Forum on China-Africa Cooperation (FOCAC) held in…
- NAIROBI, Kenya Sep 7 – Phoenix Aviation, Kenya’s premier executive and VIP charter carrier, has expanded its fleet to 13 as it continues to contribute to tourism growth and professional medical evacuation services across the world. The jet was received on Thursday 5th September amid pomp colour. …
- OTTAWA, Sept. 7 (Xinhua) — Canada’s unemployment rate rose 0.2 percentage points to 6.6 percent in August, after holding steady in July, Statistics Canada said Friday. The unemployment rate in August was the highest since May 2017, outside of 2020 and 2021, during the COVID-19 pandemic, the…
- NAIROBI, Sept. 7 (Xinhua) — Fresh produce exporters from Kenya on Friday called for urgent resolution of the Red Sea tensions, which have increased both the cost and time required to transport cargo to the European Union. The exporters said that the Red Sea tensions have exacerbated geopolitical…
- KATHMANDU, Sept. 6 (Xinhua) — The Nepal Telecommunications Authority on Friday directed the country’s internet and mobile service providers to lift the ban on TikTok, in line with a cabinet decision on the popular short-video app. “The authority issues a directive to all the concerned Internet and…
- ROME, Sept. 6 (Xinhua) — Global dairy prices increased while sugar prices declined in August, leaving the United Nations Food and Agriculture Organization (FAO) Food Price Index virtually unchanged compared to the previous month. FAO reported Friday that the dairy sub-index was 2.2 percent higher…
- NAIROBI, Kenya, Sep 6 – The power outage reported across the country was due to an interruption on the 220 kilovolt (kV) Loiyangalani transmission line. Energy Cabinet Secretary (CS) Opiyo Wandayi said that the morning (8:56am) incident occurred at Suswa substation, resulting in a power loss of 288…
- SEP 6 – Google uses anti-competitive practices to dominate the market for online advertising technology, a UK watchdog has found. The potentially unlawful behaviour could be harming thousands of UK publishers and advertisers, a provisional investigation by the Competition and Markets Authority (CMA…
- NAIROBI, Kenya, Sep 6 – African Originals, a Kenyan startup specializing in locally-sourced alcoholic and non-alcoholic beverages, raised Sh257.4 million ($2 million) from international investors last month. The funds came from Phoenix Beverages Limited, a Mauritius beverage company, and will be…
- SEP 6 – House prices in the UK reached a two-year high in August and the recent interest rate cut has increased confidence among homebuyers, the UK’s largest mortgage lender has said. Halifax said prices last month were up 4.3% compared to last year, taking the average cost of a UK property to £292…
- SEP 6 – Seventeen pupils have died after a dormitory at a boarding school in central Kenya caught fire on Thursday night, the Ministry of Education has said. There were fears the death toll could rise on Friday morning, with 14 other children taken to hospital with injuries. More than 150 pupils…
- NAIROBI, Kenya, Sep 6 – The National Government’s pending bills dropped by Sh106.6 billion to Sh516.27 billion in the full year ending June 30, 2024, partly driven by the recent state’s initiative to clear outstanding debt. Latest Controller of Budget (CoB) data shows that the country’s debt to…
- NAIROBI, Kenya, Sep 6 – The Commission of Revenue Allocation (CRA) says there is no justification to reduce the equitable share for devolved units from Sh400 billion to Sh380 billion in the current financial year. CRA Chairperson Mary Chebukati expressed that the revenue projections for the…
- NAIROBI, Kenya, September 6 – The ICT Authority has signed a Memorandum of Understanding with the Kenya Network Information Center (KeNIC) that aims to ensure the country’s smooth transition to the digital era. According to the ICT authority CEO, Stanley Kamanguya, the agreement will also address…
- NAIROBI, Kenya, September 6 – The ICT Authority has signed a Memorandum of Understanding with the Kenya Network Information Center (KeNIC) that aims to ensure the country’s smooth transition to the digital era. According to the ICT authority CEO, Stanley Kamanguya, the agreement will also address…
- NAIROBI, Kenya, Sep 6 – The state house continues to spend large on hospitality, travel, and allowances despite the austerity pledge by President William Ruto, according to a new report by the Controller of Budget (CoB) Margaret Nyakango. The auditor general report shows that State House spent…
- SEP 6 – The Japanese owner of convenience store chain 7-Eleven has rejected a $38bn (£29.2bn) takeover bid from a Canadian rival. In a letter addressed to the Circle K owner Alimentation Couche-Tard (ACT), Seven & i Holdings said the Canadian company’s offer “grossly” undervalued the company…
- SEP 6 – The United States, the European Union, and the United Kingdom were set to sign the first legally binding international artificial intelligence treaty on Thursday that prioritizes human rights and democracy in regulating both public and private AI systems. The new framework agreed by the…
- NAIROBI, Kenya, Sep 6 – Kenya Power has announced a partial nationwide power cut, impacting thousands of households and businesses. The utility firm, however, says that areas in North Rif and Western have not been impacted. “We are experiencing a power outage affecting several parts of the country…
- SEP 6 – YouTube is to limit recommendations of certain health and fitness videos to teenagers, including those which “idealise” certain body types. It says 13 to 17-year-old users will still be able to search for and view fitness-related content – but will not be encouraged into repeated viewing of…
- WASHINGTON, Sept. 6 (Xinhua) — A report released Thursday showed that the U.S. private sector added 99,000 jobs in August, the fewest in more than three years, signaling that the job market continued to cool. The latest data was announced by Automatic Data Processing (ADP) and Moody’s Analytics in…
- NAIROBI, Sept. 6 (Xinhua) — Experts met in the Kenyan capital of Nairobi on Thursday to discuss ways to promote the use of fintech solutions to boost intra-African trade. The 11th edition of the Africa Fintech Summit brought together more than 200 participants composed of senior government…
- NEW YORK, Sept. 5 (Xinhua) — U.S. private space company SpaceX launched 21 Starlink satellites into orbit Thursday. According to SpaceX, the satellites were launched aboard a Falcon 9 rocket from Cape Canaveral Space Force Station in Florida at 11:33 a.m. Eastern Time. Shortly after the launch,…
- NAIROBI, Kenya Sept 5 – Biometric tech company Smart Applications International plans to expand into Botswana to capture a larger market share in the southern African country. William Techera, the firm’s marketing manager, stated that this expansion aims to foster innovation across the continent. “…
- DOHA, Qatar Sep 5 – Qatar Airways has unveiled a new global ‘AI Adventure’ film which utilises state-of-the-art technology to reinforce its commitment to developing incomparable, immersive experiences for everyone. In an industry-first, the campaign offers the opportunity to be part of its emotive…
- NAIROBI, Kenya, Sep 5 – Unions representing doctors, nurses, clinic officers have threatened an industrial action within the next 14 days, citing salary arrears owed to health workers across the 47 counties. The Kenya Medical Practitioners, Pharmacists and Dentists Union chairperson Davji Atellah…
- NAIROBI, Kenya, Sep 5 – Absa Bank Kenya invested Sh60 billion into sustainability initiatives in 2023, highlighting growing investments in clean as well as projects that support communities. The allocation went into sustainable financing, social responsibility, environmental responsibility, and…
- BEIJING, China, Sep 5 – President William Ruto has called on China to scale up its cooperation with Africa by helping them access concessional funding for development. The President asked China to rally various stakeholders to double their contribution to multilateral development banks such as the…