- AUG 29 – A $8.5bn (£6.43bn) merger between Disney and Reliance Industries has been provisionally approved by the India’s competition watchdog. The venture, in which billionaire Mukesh Ambani’s Reliance Industries will have majority stake, will create India’s biggest entertainment player which will…
- By Catherine Muraga AUG 29 – According to a report released by Kenya’s Communications Authority, cybersecurity incidents in the country have skyrocketed, reaching 830 million by 2023. Cybersecurity threats are growing not only in Kenya but all over the continent and around the world. According to a…
- AUG 29 – The Kenya National Police DT SACCO has handed over classrooms, multipurpose Hall and 440 sets of furniture to Utumishi Comprehensive School in Gilgil as part of its corporate social responsibility (CSR) initiatives. The Sacco, with an asset base exceeding Sh55 billion, said that the new…
- NAIROBI, Kenya, Aug 29 – Quickmart Supermarket has marked its 18-year anniversary in the country with plans to bolster its presence further. The retail chain started in 2006 and says it’s keen on ensuring it reaches its customers spread across the country. Its deputy CEO, Jacques Dome, asserted…
- NAIROBI, Aug. 29 (Xinhua) — Experts met in the Kenyan capital of Nairobi on Wednesday to discuss ways to increase fertilizer use among farmers in Africa. The three-day African Fertilizer and Soil Health Post-Summit workshop brought together more than 100 delegates from the African Union (AU),…
- KUALA LUMPUR, Aug. 29 (Xinhua) — Airasia X, Malaysia-based low-cost carrier, has reported lower earnings in the second quarter of 2024 because of a traditionally weaker quarter and without activation of a full 18-aircraft fleet. The firm said in a bourse filing on Wednesday that its net profit fell…
- NAIROBI, Kenya, Aug 29 – Indian food, chicken, pizza, coffee, burgers, and ice creams are the most popular items ordered on the Bolt Food delivery app, a new report shows. Most of Indian food online orders were from Chowpaty, which is known for its vegetarian options. The restaurant currently has 3…
- NAIROBI, Kenya, Aug 29 – Infobip, a global cloud communications platform, has appointed Yariv Dafna as the new Chief Financial Officer (CFO) to grow the company’s Communications Platform as a Service (CPaaS). Dafna boosts nearly 20 years experience in finance, business management, and operations…
- SEOUL, Aug. 29 (Xinhua) — South Korean President Yoon Suk-yeol on Thursday offered to increase pension premium at a difference pace for age groups in a bid to make the pension program acceptable to the younger generation. “It is necessary to differentiate the rate of increase in pension premiums…
- PARIS, Aug. 28 (Xinhua) — Pavel Durov, the founder and CEO of the encrypted messaging service Telegram, was released on Wednesday after paying a 5-million-euro (about 5.6 million U.S. dollars) bail, but he is required to report to the police twice a week, Paris Public Prosecutor Laure Beccuau…
- NAIROBI, Kenya, Aug 28 – The government has denounced a report published on a local daily claiming that motorists overpaid Sh16 billion under a fuel deal with Gulf firms as well as Sh47 billion spent by the National Treasury on fuel subsidies. State Department of Petroleum PS Mohamed Liban, in a…
- NAIROBI, Kenya, Aug 28 – The government has denounced a report published on a local daily claiming that motorists overpaid Sh16 billion under a fuel deal with Gulf firms as well as Sh47 billion spent by the National Treasury on fuel subsidies. State Department of Petroleum PS Mohamed Liban, in a…
- AUG 28 – Aeroplane passengers should be restricted to two drinks at airports, Ryanair chief executive Michael O’Leary has said. Mr O’Leary said introducing alcohol limits at airports would help tackle a rise in disorder on flights. Violent outbursts are occurring weekly due to alcohol, he said,…
- NAIROBI, Kenya Aug 26 – The Competition Authority of Kenya (CAK) has approved the acquisition of Monarch Insurance by three firms. In the deal, Ondoba, Kenyoro, and Equico Thirteen Limited have bought 51 percent of the total issued share capital of the underwriter. Ondoba Limited, which was solely…
- NAIROBI, Kenya, August 28 – VFS Global, an outsourcing and technology services specialist for governments and diplomatic missions, has made progress in promoting gender diversity in its workforce. VFS, in a report, stated that 53 percent of its new hires in the past year have been women, which…
- Nairobi, Kenya, August 28 – Efforts to bolster Kenya’s Non-Governmental Organizations (NGOs) sector, which contributed KSh 196 billion to the economy last year through funding, have been intensified with the announcement of the first-ever NGOs Awards ceremony, set for November 2024. The awards,…
- AUH 28 – The second annual Transforming Africa MedTech Conference (TAMC) kicked off today at Kempisky, Nairobi. The three-day event serves as a premier platform for stakeholders to converge, collaborate, and refine strategies aimed at leveraging medical technology for meaningful progress in…
- NAIROBI, Kenya, Aug 28 – The Kenya Development Corporation (KDC) has advanced a credit facility worth Sh300 million to a Muranga-based savings and credit cooperative society, Amica Savings and Credit Ltd, for onwards lending to consumers. Amica Chief Executive Officer James Mbui said that the loan…
- SACRAMENTO, United States, Aug. 28 (Xinhua) — With rising college costs and mounting student debts, the soaring price for higher education in the United States has sparked wide concerns over college affordability and declining enrollment. Several prestigious universities in the United States have…
- NAIROBI, Kenya, Aug 28 – Savannah Clinker Limited (SCL), a local building and construction sector firm, has outbid Tanzanian company Amsons Group in an effort to acquire full ownership of Bamburi Cement. The firm today announced that it has bid an improved Sh25.4 billion for up to 100 percent of…
- NAIROBI, Kenya, August 27 – Organic farming advocates in Africa are now rallying against industrialised agriculture introduced by foreign parties following its potential damage to the continent’s food system. Four organisations under the Alliance for a Green Revolution in Africa (AGRA), namely the…
- AUG 28 – Police units around the world have joined forces in a series of covert operations targeting one of West Africa’s most feared criminal networks – Black Axe. Operation Jackal III saw officers in body armour carry out raids in 21 countries between April and July 2024. The mission, co-…
- NAIROBI, Kenya Aug 28- The Insurance Regulatory Authority (IRA) will now handle complaints lodged with the Advocates Complaints Commission (ACC) involving cases of withholding compensation by Advocates from settled insurance claims. This follows a recent Memorandum of Understanding (MoU) signed by…
- AUG 28 – An oil tanker which was attacked by Yemen’s Houthi rebels in the Red Sea last week is still on fire and may be leaking oil, the US Pentagon says. Attempts to salvage the Greek-owned and flagged MV Sounion have been thwarted by the Houthis, who have threatened more attacks, the Pentagon…
- Nairobi, Kenya, Aug 27 – Treasury Cabinet Secretary (CS) John Mbadi has announced plans to reintroduce key provisions from the suspended Finance Bill 2024 through a newly proposed Tax Procedures (Amendment) Bill, 2024. The bill, published in the latest Kenya Gazette Supplement No. 165, is set to…
- AUG 28 – A Barbie-branded phone has been launched in the UK and Europe with the aim – its makers say – of helping young people take a break from their smartphones. It is a very pink and fundamentally very basic device, with no front camera, only one game and very limited access to the […]
- NAIROBI, Aug. 28 (Xinhua) — Chinese telecom firm Huawei has partnered with the Kenyan government to upgrade the skills of the African country’s workforce responsible for protecting the digital infrastructure in public and private sectors. Senior government officials and Huawei executives said that…
- CANBERRA, Aug. 28 (Xinhua) — Australia’s annual rate of inflation slowed to 3.5 percent in the year to July, official figures have shown. According to data published by the Australian Bureau of Statistics (ABS) on Wednesday, the consumer price index (CPI), the headline measure of inflation in…
- NAIROBI, Kenya, Aug 28 – Bayobab Kenya, a subsidiary of Bayobab Group and the digital infrastructure arm of MTN Group, has announced the completion of a multi-million shilling fibre network project connecting Mombasa to Malaba and Busia. The infrastructure, the tech firm said, seeks to improve…
- MOSCOW/KIEV, Aug. 27 (Xinhua) — Ukraine’s state-run energy company Ukrenergo said Tuesday it has implemented nationwide power cuts following Russia’s largest-ever airstrike on the country. Ukrenergo said electricity restrictions will be in place in all Ukrainian regions from 6 to 11 a.m. local time…
- NAIROBI, Kenya, Aug 27 – Entries for the 23rd Financial Reporting (FiRe) Awards are open ahead of the annual prestigious gala dinner ceremony slated for December 5, 2024. Participating entities should avail a soft copy version of their latest Annual Report and Audited Financial Statements to…
- AUG 27 – Meta boss Mark Zuckerberg says he regrets bowing to what he said was pressure from the Biden administration to “censor” content on Facebook and Instagram during the coronavirus pandemic. In a letter sent to a US House committee chair, he said senior officials, including some from the White…
- NAIROBI, Kenya, August 27 – A new report from the Malabo Montpellier Panel has now stressed the need for African food processors to take advantage of the rising population, urbanization, and middle-class incomes to decrease the continent’s reliance on food importation. The report titled ‘VALUE-UP:…
- AUG 27 – The prime minister has scrapped a government helicopter contract – thought to be worth £40m. Rishi Sunak was criticised for his use of helicopters during his time in No 10. The contract was set to be renewed, but is now being scrapped by Downing Street and the Ministry of Defence. It is […]
- NAIROBI, Kenya, Aug 27 – Experts are meeting in Nairobi to discuss ways to improve food and feed safety in Kenya. The three-day workshop, which started today, is co-hosted by the Food and Agriculture Export Alliance (FAEA) and the United States Department of Agriculture (USDA). It aims to…
- AUG 27 – Prosecutors in Italy say the sinking of the superyacht Bayesian off the coast of Sicily, that left seven people dead, could results in charges of manslaughter and negligent shipwreck. Speaking to journalists, Ambrogio Cartosio, public prosecutor in the town of Termini Imerese, where the 56…
- NAIROBI, Kenya, Aug 27 – Kenyan-founded business-to-business (B-2-B) e-commerce platform Wasoko has finalized a merger with Egyptian online retailer MaxAB, allowing the two entities to form a pan-African entity. The deal, which involves an all-stock transaction, is Africa’s biggest merger with a…
- AUG 27 – Prime Minister Justin Trudeau has said he plans to lower the number of low-wage, temporary foreign workers and permanent residents being let into Canada. Mr Trudeau made the announcement on Monday, on the second day of a cabinet retreat where his team is hammering out their autumn agenda.…
- AUG 27 – Imagine picking up a nice juicy apple – but instead of biting into it you keep the seeds and throw the rest away. That’s what chocolate producers have traditionally done with the cocoa fruit – used the beans and disposed of the rest. But now food scientists in Switzerland have come up […]
- NAIROBI, Kenya, Aug 27 – Family Bank profit before tax grew by 15.4 percent to Sh2.32 billion in the first six months of this year compared to a similar period in 2023, buoyed by a rise in interest income. In the review period, net interest income grew by 12.7 percent to Sh4.9 billion. “This growth…
- CAIRO, Aug. 27 (Xinhua) — The International Monetary Fund (IMF) on Monday approved a disbursement of 820 million U.S. dollars to Egypt as part of an 8 billion-dollar loan program. The IMF said macroeconomic conditions in Egypt have improved since the program’s first and second reviews in March,…
- AUG 27 – Canada says it will impose a 100% tariff on imports of China-made electric vehicles (EV) after similar announcements by the US and European Union. The country also plans to impose a 25% duty on Chinese steel and aluminium. Canada and its Western allies accuse China of subsidising its EV…
- NAIROBI, Aug. 26 (Xinhua) — Kenya said Monday that it is actualizing its fiscal consolidation, bettering export performance, and expanding foreign reserves to improve its sovereign credit ratings. The National Treasury said in a report that the activities will make the East African nation graduate…
- NAIROBI, Kenya, Aug 26 – Diamond Trust Bank (DTB) posted a Sh4.9 billion net profit in the half year ended June 2024, a 12 percent jump compared to a similar period last year. DTB Group Chief Executive Officer and Managing Director Nasim Devji announced that subsidiaries in Tanzania, Uganda, and…
- COLOMBO, Aug. 26 (Xinhua) — Sri Lanka’s Hambantota International Port (HIP) has recorded a substantial increase in its operational volumes, achieving a 40 percent growth so far in 2024, Hambantota International Port Group (HIPG) said in a press statement on Monday. This figure could reach 50…
- NAIROBI, Kenya, Aug 26 – Seven in 10 Kenyan (70 percent) digital credit borrowers will be able to repay their loans in time despite tough economic challenges, a new report shows. The latest customer barometer survey by Tala, however, reveals that borrowing habits remained unchanged in the last half…
- AUG 26 – The ride-hailing app Uber has been hit with a €290m (£246m; $324m) fine for transferring the personal data of European drivers to US servers in violation of EU rules, the Dutch data protection regulator said on Monday. The Dutch Data Protection Authority (DPA) said the transfers were a “…
- MOSCOW, Aug. 26 (Xinhua) — Russia’s Gross Domestic Product grew by 4.6 percent in the first half of 2024, Russian President Vladimir Putin said Monday. During a videoconferencing meeting on economic issues, Putin said the Russian economy “as in the previous year, continues to grow at a good, high…
- NAIROBI, Kenya, Aug 26 – A Kenyan citizen has threatened to take legal action against the Health Ministry within 14 days should it fail to address issues raised on the Social Health Insurance Fund (SHIF). Mutua Mutuku, through her lawyers, raised concerns about the transparency and fairness of the…
- NAIROBI, Kenya Aug 26 – Data center company iColo has expanded its renewable energy initiatives by commissioning over 650 kilowatts (kW) of new solar installations at its two data centers in Nairobi and Mombasa. Ranjith Cherickel, Founder and Chief Executive Officer (CEO) of iColo, revealed that…
