- SEP 3 – As African leaders gather in Beijing this week for the triennial China-Africa summit, Chinese President Xi Jinping may have one thing under his belt to boast about – satellite TV. Almost nine years ago, President Xi promised the heads of state attending the Forum on China-Africa Cooperation…
- CARACAS, Sept. 3 (Xinhua) — Venezuela on Monday denounced Washington’s seizure of a plane used by Venezuelan President Nicolas Maduro as part of a “repeated criminal practice.” The United States has seized the plane in the Dominican Republic, claiming that its acquisition violated U.S. sanctions. “…
- NAIROBI, Sept. 3 (Xinhua) — The 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) to be held in Beijing this week provides an opportunity for Kenya to enhance bilateral trade with China while attracting new investors in key sectors of the economy, an official from an umbrella business…
- ROME, Sept. 2 (Xinhua) — Italy’s economy grew by 0.9 percent in the second quarter of this year compared to the same period in 2023, the country’s National Institute of Statistics (ISTAT) said on Monday. According to seasonal and calendar-adjusted data, the gross domestic product (GDP) increased by…
- NAIROBI,Kenya,Sep 2 – Kenya Airports Authority (KAA) has announced that airport operations at the Jommo Kenyatta International Airport (JKIA) remained unaffected early today despite a protest by some of its staff. The authority ascertained that the protest primarily involved employees from the…
- JOHANNESBURG, Sept. 2 (Xinhua) — South Africa is introducing a new Trusted Tour Operator Scheme (TTOS), with effect from January 2025, to facilitate tourists from China and India, said the Department of Home Affairs Monday. Red tape will be removed and visa processing efficiency will be improved…
- NAIROBI, Kenya Sept 2 – AgriTech Kenya, an initiative powered by the Consultative Group on International Agricultural Research (CGIAR), has launched a new agri-food systems innovation challenge to support startups, entrepreneurs, and researchers to address existing gaps in Kenya’s agricultural…
- SEP 2 – Kenya and other African countries are looking forward to intensifying their practical cooperation with China at the upcoming 2024 Summit of the Forum on China-Africa Cooperation, Kenyan President William Ruto said. In a recent interview with China Daily in Nairobi, the Kenyan capital, Ruto…
- ANKARA, Sept. 2 (Xinhua) — Türkiye’s economy grew 2.5 percent year-on-year in the second quarter of this year, falling short of expectations, showed official data on Monday. The figure fell below market expectations at around 3 percent. The country’s gross domestic product (GDP) only saw a slim…
- ADEN, Yemen, Sept. 2 (Xinhua) — A merchant vessel came under attack approximately 70 nautical miles (about 130 km) northwest of Saleef, Yemen, reported the United Kingdom Maritime Trade Operations (UKMTO) on Monday. The master of the affected vessel said that the ship was struck by two unknown…
- NAIROBI, Kenya, Sep 2 – Sales made via Kenya Breweries Limited’s (KBL’s) digital platform grew from 8 to 60 percent in the last financial year ending June 30, 2024. KBL Managing Director Mark Ocitti said that the use of Diageo One improved the delivery rate to retailers from 80 to 90 percent in the…
- SEP 2 – Raising the windfall tax on the UK’s oil and gas companies will hit the government’s main goal of growing the economy, the industry has said. Offshore Energies UK (OEUK) said the planned hike would cause investment in the sector to plunge and result in a loss of £13bn to the UK economy […]
- NAIROBI, Kenya, Sep 2 – Private security firm BM Security has appointed former TV anchor Michelle Morgan to be the new CEO. She succeeds Neil Morgan, who served in the position for the past eight years and will be taking the chairmanship post. Prior, the chair served as the executive director of…
- SEP 2 – Brazil’s Supreme Court will vote on Monday on whether or not to uphold a ruling to ban social media platform X, formerly known as Twitter. Justice Alexandre Moraes called for the vote after the platform was suspended in the country in the early hours of Saturday. It came after X failed to…
- NAIROBI, Kenya, Sep 2 – Kenyans will need licenses to hold fundraisers should the Public Fundraising Appeals Bill, 2024, sail through Parliament. The bill, which will be tabled by Senate Majority Leader Aaron Cheruiyot, seeks to overhaul the regulatory framework surrounding public fundraising…
- DOHA, Sept. 2 (Xinhua) — QatarEnergy announced on Sunday plans to construct a new world-scale urea production complex, which is expected to double Qatar’s current urea production from 6 million tons per annum (MTPA) to 12.4 MTPA. The project includes the construction of three ammonia production…
- COLOMBO, Sept. 1 (Xinhua) — The Maldivian government has submitted a proposal to bring PayPal, an online payment system widely used in most countries for online money transfers, to the Maldives, according to Minister of Economic Development and Trade Mohamed Saeed. He made the announcement during…
- SEP 1 – Maize harvests will hit a record 70 million bags this year, President William Ruto has announced. The President attributed the huge harvests to the government policy of subsidising production, and not consumption, by providing farmers with affordable fertiliser. Speaking at the Anglican…
- SEPTEMBER 1 – A building has collapsed in Nigeria’s megacity, Lagos, once every two weeks on average so far this year. Whereas the commercial cost can be calculated, a figure can never be put on the value of the lives lost underneath the rubble. The gaps among the buildings, replaced by piles of…
- NAIROBI, Kenya, Aug, 30 – Cargo airline Astral Aviation, which is based at the Jomo Kenyatta International Airport, has introduced flights between Africa and China. The flight, which departed from the city of Guangzhou and landed in Maputo recently, the capital of the Republic of Mozambique, is…
- HARARE, Aug. 31 (Xinhua) — The Zimbabwean government on Friday banned the sale of gasoline that has not been blended with ethanol in an effort to further save foreign currency needed to import the fuel. A notice issued by the government said the new regulations would come into operation seven days…
- NAIROBI, Kenya, Aug 31 – The Kenya Aviation Workers Union (KAWU) has postponed its planned strike, initially set for tomorrow, to review lease deal documents provided by the government regarding the leasing of Jomo Kenyatta International Airport (JKIA) to the Indian firm, Adani Group. KAWU…
- AUG 31 – About nine months ago while researching a story, I found myself added to a large Telegram channel which was focused on selling drugs. I was then added to one about hacking and then one about stolen credit cards. I realised my Telegram settings had made it possible for people to add me […]
- SACRAMENTO, the United States, Aug. 31 (Xinhua) — A new study showed that minority adolescents and young adults ages 15 to 39 in the United States had worse cancer diagnoses and survival rates compared to the general population. The research, published Friday in the Journal of American Medical…
- NAIROBI, Kenya, Aug 31 – The Environment and Land Court has issued a conservatory order halting the construction of a proposed commuter railway line, connecting Riruta to Ngong through Karen. This follows a suit filed by Karen Langata District Association (KLDA) chairperson Samora Sikieh against…
- AUG 31 – SportPesa, Kenya’s leading online gaming company, has unveiled a monumental Ksh 75 million sponsorship agreement with Football Kenya Federation Premier League side Shabana FC. This game-changing partnership solidifies SportPesa’s role as a pillar in Kenya’s sporting landscape, now…
- NAIROBI, Kenya, August, 31 – Brighter Monday, a Kenyan recruitment and human resources services platform has been recognized as the best e-recruitment and HR platform during the 7th Pacesetters Internal Awards. The company attributed the success to the incorporation of Artificial Intelligence the…
- NEW DELHI, Aug. 30 (Xinhua) — Indian airline Vistara Friday said it has merged with the country’s flag air carrier Air India and its flights would be operated by Air India from Nov. 12. According to the airline, starting Sept. 3, customers will no longer be able to make bookings with Vistara for…
- NAIROBI, Aug. 31 (Xinhua) — Chinese telecom firm Huawei is supporting the digitization of energy systems in Kenya including power grids and transmission lines in a bid to enhance their efficiency and cut down on waste and pollution, senior executives said Friday. Kebal Wang, director of the energy…
- NAIROBI, Kenya, Aug 30 – Nairobi and other parts of Kenya are experiencing blackouts, Kenya Power has announced. The power loss has, however, not impacted areas of the North Rift and Western. “We regret any inconvenience caused and urge for patience from our customers as we work towards restoring…
- AUG 30 – Kenya’s Equity Bank has been ranked as the best bank for small and medium enterprises (SMEs) in the country for the second year in a row in the 2024 Euro Money Awards. The regional lender also emerged as the best for corporate responsibility both in Kenya and across the continent for the…
- NAIROBI, Kenya, Aug 30 – Lake Turkana Wind Power generated 1,481 gigawatt-hours of clean energy last year that was injected into the national grid. This output accounted for 11.04 percent of the country’s total electricity generation, according to LTWP’s 2023 sustainability report. The wind farm…
- AUG 30 – Full-time workers’ rights to ask for a four-day working week could be strengthened under government plans to increase flexible working. Employees would still have to work their full hours to receive their full pay but could request to compress their contracted hours into a shorter working…
- NAIROBI, Kenya, Aug 30 – Old Mutual Holdings has announced a Sh327 million profit after tax in the six months ending June 30, 2024, an improvement from a Sh195 million loss during a similar period last year. The firm attributes profitability to a reduction in finance costs, which fell from Sh1.8…
- By Amogh Wadwalka AUG 30 – Healthy societies lead to thriving economies. A salient lesson from the Coronavirus pandemic is that threats to human health can lead to global economic stagnation. The days of lockdowns and social distancing now feel ancient, thanks to medical innovations. Overcoming…
- NAIROBI, Kenya, Aug 30 – President William Ruto yesterday disclosed that Treasury is looking to raise revenue through other sources after the suspension of the Finance Bill 2024. The head of state was speaking at the Town Hall meeting in Kisumu, where he said the situation currently is untenable. “…
- MOSCOW, Aug. 30 (Xinhua) — Pavel Popov, a former Russian deputy defense minister, has been arrested on charges of large-scale fraud and is being held in a pre-trial detention center, the TASS news agency reported on Thursday. The report said a Russian court has ordered Popov to remain in detention…
- AUG 30 – X, formerly known as Twitter, has said it expects to be blocked in Brazil after failing to meet a deadline to name a new legal representative for the company. The social media network closed its office in the country earlier this month, saying its representative had been threatened with…
- NEW YORK, Aug. 30 (Xinhua) — U.S. stocks ended mixed on Thursday, as Wall Street gave a lukewarm response to Nvidia’s latest results, despite the chipmaker’s impressive growth streak, which has been a key driver of this year’s market rally. The Dow Jones Industrial Average rose 243.63 points, or 0.…
- NAIROBI, Kenya, Aug 30 – Insurer and financial service provider Britam has announced a Sh370.8 million profit after tax rise to Sh2 billion in the six months to June this year, up from Sh1.64 billion during a similar period last year. The improved performance was buoyed by enhanced revenue from…
- CARACAS, Aug. 30 (Xinhua) — Venezuela’s economy grew by 8.78 percent in the second quarter of 2024, reaffirming a positive trend that has seen 13 quarters in a row of economic growth, Venezuela’s Central Bank BCV said Thursday. “Gross domestic product (GDP) increased by 8.78 percent in the second…
- NAIROBI, Kenya, Aug 30 – Treasury is on the lookout for a new head to lead its Resource Mobilization Department, a key division tasked with managing the country’s debt and coordinating financial relations with both domestic and international partners. The Public Service Commission (PSC), which is…
- JAKARTA, Aug. 29 (Xinhua) — Indonesia will host the second Indonesia-Africa Forum (IAF) on Sept. 1-3 in its resort island Bali, with the aim of securing business agreements worth 3.5 billion U.S. dollars to address pressing issues in energy and food security. Indonesian Vice Minister of Foreign…
- NAIROBI, Kenya, Aug 29 –The Teachers Service Commission (TSC) has rejected the Kenya Union of Post Primary Education Teachers (KUPPET) request to end the on-going strike. In a letter addressed to the KUPPET Secretary Akelo Misori the Commission maintained that the Union must call off the work…
- NAIROBI, Kenya, Aug 29 – Jubilee Holdings has announced an interim dividend of Sh2 per share after its net profit jumped to Sh2.5 billion in the half year ended June 30, 2024. In a similar period last year, the insurer posted a Sh2 billion profit after tax. The revenue growth was primarily driven…
- AUG 29 – Shares in Nvidia have fallen despite the artificial intelligence (AI) chip giant comfortably beating expectations after more than doubling its sales. Nvidia announced record revenues of $30bn (£24.7bn) over a three-month period. The company has been one of the biggest beneficiaries of the…
- NAIROBI, Kenya, Aug 29 – The National Treasury is considering the incorporation of an exempt pension structure aimed at making the pension sector more attractive, following a nod from the cabinet for the implementation of the Retirement Benefits Policy. Speaking during the unveiling of the…
- MOMBASA, Kenya, Aug 29 – Hasmukh Patel, the owner of Mombasa Cement, passed on while being rushed to a private hospital in Nyali. Tudor MCA Samir Bhalo, who is also a close family member, confirmed the report. “Today at around 1pm, we lost Mr Hasmukh Patel, the CEO of Mombasa Cement. He was just…
- NAIROBI, Kenya Aug 29 – The Ministry of Tourism is devising a new strategy to increase international tourist arrivals to five million by 2027. It seeks to achieve this through a Tembea Kenya, which will soon be launched, to boost the number from the current about 2 million arrivals yearly. Tourism…
- NAIROBI, Kenya Aug 29 – Kenya is among 4 countries, including Nigeria, South Africa, and Tunisia, that continue to be top African investment hotspots. The 2024 Deloitte Africa Private Equity Confidence Survey (PECS) report, which provides insights into how private equity (PE) practitioners view the…