- NAIROBI, Kenya, Dec 10 – The Kenya Airports Authority (KAA) has issued a tender for the development and management of a new Commercially Important Persons (CIP) Terminal at Jomo Kenyatta International Airport (JKIA). KAA in a notice said the move is aimed at enhancing VIP services at the country’s…
- NAIROBI, Kenya Dec 10 – Smallholder Hass Avocado farmers affiliated with listed agri-business firm Kakuzi PLC(NSE: KUKZ) are set to enjoy a bonus of more than Sh10 million from their produce exports this year. Speaking when he confirmed the smallholders and out-growers bonus payout for 2024, Kakuzi…
- NAIROBI, Kenya, Dec 10 – The Kenya Tourism Board (KTB) is leveraging pent-up travel demand in the United States to increase international tourist arrivals. Speaking ahead of the United States Tour Operators Association (USTOA) Annual Conference in Florida, KTB CEO June Chepkemei emphasized the…
- ANKARA, Dec. 10 (Xinhua) — A tripartite commission of workers, employers, and government representatives began negotiations in Ankara on Tuesday to set Türkiye’s 2025 minimum wage. The discussions, set to conclude by Dec. 31, will impact approximately 9 million workers amid the country’s ongoing…
- NAIROBI, Kenya, Dec 10 – Bolt has introduced Bolt Market, a grocery delivery service in Nairobi, marking its entry into Kenya’s on-demand grocery sector. The platform allows customers to order groceries through the Bolt Food app, offering access to over 2,000 products, including fresh produce,…
- NAIROBI, Kenya, Dec 10 – Kenya Airways (KQ) has unveiled plans to operate direct flights from Nairobi’s Jomo Kenyatta International Airport (JKIA) to London’s Gatwick Airport, set to begin on July 2, 2025. The new route will complement the existing flights to Heathrow, offering KQ passengers more…
- MANILA, Dec. 10 (Xinhua) — The World Bank has trimmed the Philippines’ gross domestic product (GDP) growth forecast this year to 5.9 percent from 6 percent due to weaker-than-expected growth in the third quarter, its latest Philippines Economic Update showed Tuesday. The report, released on Tuesday…
- NAIROBI, Kenya, Dec 10 – The Social Health Authority (SHA) emerged as Kenya’s most searched term in 2024, according to Google’s Year in Search report. The SHA, introduced to replace the National Hospital Insurance Fund (NHIF), drew nationwide attention due to its transformative impact on healthcare…
- DEC 10 – Google has unveiled a new chip which it claims takes five minutes to solve a problem that would currently take the world’s fastest super computers ten septillion – or 10,000,000,000,000,000,000,000,000 years – to complete. The chip is the latest development in a field known as quantum…
- DEC 10 – Bribery charges by a US court against the Adani Group are unlikely to significantly upset India’s clean energy goals, industry leaders have told the BBC. Delhi has pledged to source half of its energy needs or 500 gigawatts (GW) of electricity from renewable sources by 2032, key to global…
- DEC 10 – A 26-year-old man has been charged with murder over last week’s fatal shooting of UnitedHealthcare CEO Brian Thompson in New York City. Luigi Mangione was taken into custody at a McDonald’s in the town of Altoona, Pennsylvania, about 280 miles (450km) west of New York City on Monday after…
- NAIROBI Kenya, Dec 10 – President William Ruto has announced the creation of the Hustler Fund Behavioral Credit Rating System that is aimed at expanding credit accessibility to borrowers who repay within the stipulated 14 days. Ruto also launched the Bridge Loan product, which will enable good…
- Nairobi, Kenya, Dec 10 – Online marketplace Jiji has secured a double victory, earning top honors at two events in the digital commerce and mobile app sectors. The company was named Best E-Commerce Platform at the 2024 Digitally Fit Awards – East Africa Edition, and Best Online Classified/Resale…
- JERUSALEM, Dec. 10 (Xinhua) — Israeli Prime Minister Benjamin Netanyahu is set to testify Tuesday for the first time in his trial for bribery, fraud and breach of trust charges. His testimony will begin in an underground room in the Tel Aviv District Court after being moved from Jerusalem for…
- NAIROBI, Kenya, Dec 10 – Kenya has completed a 400-kilovolt transmission line with Tanzania, paving the way for renewable energy exports and regional energy integration. Energy Cabinet Secretary Opiyo Wandayi announced the milestone, highlighting that the line will also allow Tanzania to access…
- NAIROBI, Kenya, Dec 9 – The United Kingdom has announced sanctions against Kenyan businessman Kamlesh Pattni for money laundering through gold exports from Southern Africa. Sanctions have also been imposed on Pattni’s wife and brother-in-law for their involvement in Russian money laundering…
- NAIROBI, Kenya, Dec 9 – The Route to Food Initiative (RTFI) has introduced Kenya’s first-ever Farmers Resource Guide on alternatives to Highly Hazardous Pesticides (HHPs) to promote sustainable and pesticide-free farming practices. This comes after findings from the 2023 report on the Toxic…
- TOKYO, Dec. 9 (Xinhua) — Tokyo stocks rebounded Monday, following gains in U.S. tech stocks over the weekend with strong demand seen in leading stocks. The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, closed the day at 39,160.50, up 69.33 points, or 0.18 percent from the…
- NEW DELHI, Dec. 9 (Xinhua) — India on Monday appointed Sanjay Malhotra as the new governor of its central bank – Reserve Bank of India (RBI), officials said. The announcement was made in a notification issued by the government’s cabinet appointments committee, which has approved Malhotra’s…
- NAIROBI, Kenya, Dec 9 – Kenyan fintech startup Leja has processed over $2 billion in business-to-business (B2B) payments since its launch, reflecting a 30 percent month-over-month growth rate and a cumulative 300 percent increase within a year. The achievement highlights its growing impact on micro…
- DEC 9 – Closer relations between the UK and the European Union (EU) will boost economic growth, Chancellor Rachel Reeves will tell finance leaders on Monday. In the first address by a British chancellor to the Eurogroup since Brexit, Reeves will say resetting relations means “breaking down barriers…
- MERU, Kenya, Dec 9 – The Policyholders Compensation Fund (PCF) has disbursed Sh116 million to 890 claimants from collapsed insurance firms, including Resolution Insurance, Concord Insurance, Standard Assurance, Blue Shield, United Insurance, and Xplico Insurance. The compensation, capped at Sh250,…
- NAIROBI, Kenya, Dec 9 – Revenue collected by the Kenya Revenue Authority (KRA) in the five months to last month expanded by 4.3 percent to Sh1 trillion compared to a similar period last year. Between July and November 2023, the taxman collected Sh963.75 billion, coming on the back of tough economic…
- WELLINGTON, Dec. 9 (Xinhua) — The New Zealand government is introducing measures to ensure the Reserve Bank places greater importance on competition in the banking sector, Finance Minister Nicola Willis said on Monday. “The change will enable the New Zealand-owned bank to more vigorously compete…
- NAIROBI, Kenya, Dec 9 – The Nairobi County Government has announced new private and public valuation properties/plot rates. In a notice, the Nairobi County Built Environment and Urban Planning CECM Patrick Mbogo stated that residential plots, commercial plots, and agricultural plots will be…
- DEC 9 – With winter nights drawing in across North America, Canadian “snowbirds” – citizens who flee their freezing temperatures for sunnier climes every year – are planning their annual trips to Florida or the Caribbean. Traditionally, Cuba has been hugely popular among Canadians, drawn to the…
- NAIROBI, Kenya, Nov 28 – Local pharmaceutical manufacturers and financiers gathered at Radisson Blu, Nairobi, for the Second APIFA Breakfast Meeting under the theme “Unlocking Financing for Local Manufacturing: Advancing Sustainable Health Systems in Africa.” The event aimed to bridge the gap…
- NAIROBI, Kenya, Dec 9 – 76 percent of funding raised by African start-ups last month went to Kenya and Nigeria. Out of $180 million (Sh23.27 billion), which was in the form of equity, debt, and grants, raised by 32 startups on the continent, the two countries combined took home $136.8 million (Sh17…
- SINGAPORE, Dec. 9 (Xinhua) — Singapore’s labor market showed strong growth in the third quarter of 2024, with total employment nearly doubling the increase seen in the previous quarter, according to the latest Labor Market Report by the Ministry of Manpower published Monday. By September, total…
- NAIROBI, Kenya, Dec 7 – VFS Global, a leading outsourcing and technology service provider for governments and diplomatic missions, has surpassed the milestone of processing 300 million visa applications globally. In the past five years alone, the firm handled 100 million applications, showcasing…
- NAIROBI, Kenya, Dec 7-The National Authority for the Campaign Against Alcohol and Drug Abuse (NACADA) has been recognized at the 2024 Financial Reporting (FiRe) Awards for its financial management practices. The Authority received a Certificate of Recognition in the “Unqualified Report –…
- RABAT, Morocco, Dec 5 – The International Solar Alliance (ISA) and Africa50 have signed a landmark agreement for Africa50 to manage and implement the Africa Solar Facility (ASF), a $200 million initiative aimed at accelerating investments in distributed renewable energy (DRE) projects across Africa…
- NAIROBI, Kenya, Dec 6 – The Development Bank of Southern Africa (DBSA) and Axian have signed agreements to invest in the Africa50 Infrastructure Acceleration Fund (IAF), bolstering the continent’s infrastructure financing pool with support from regional and international investors. The signing,…
- SYDNEY, Dec. 9 (Xinhua) — Homelessness in Australia has surged over the last three years, a new report published on Monday has found. According to a report published by the University of New South Wales (UNSW), University of Queensland (UQ), and NGO Homelessness Australia, the number of people…
- NAIROBI, Kenya, Dec 9 – The Kenya Revenue Authority (KRA) has announced the development of a comprehensive set of draft statutory instruments aimed at refining the country’s tax framework. The draft rules include the Income Tax (Pay As You Earn) Rules, 2024; the Income Tax (Advance Tax) Rules, 2024…
- WASHINGTON, Dec. 7 (Xinhua) — The U.S. Department of Defense announced on Saturday that it will provide weapons worth 988 million U.S. dollars to Ukraine over a relatively longer term to enhance its military capabilities amid the conflict with Russia. According to a statement, the additional…
- DEC 8 – Private sector players have been urged to leverage technology as a critical tool in combating corruption and upholding business ethics. Speaking at the 5th Africa Business Conference (ABEC), Francesco Checchi, Team Lead at the United Nations Office on Drugs and Crime (UNODC) Africa Anti-…
- Nairobi, Kenya – Dec – Boniface Makori has been crowned the winner of Procera Gin’s first-ever bartender competition, held at the Procera Distillery in Nairobi. Competing against 35 top mixologists, Makori’s victory earned him a coveted spot at the prestigious Tales of the Cocktail competition in…
- MOSCOW, Dec. 7 (Xinhua) — The average hotel cost in Russia for this year’s New Year holidays increased by 19 percent from the same period last year, the latest data from analytics firms showed. The mean cost of short-term rental apartments for the holidays in the 16 largest cities in Russia also…
- NAIROBI, Kenya, Dec 7– President William Ruto has announced plans to extend the Standard Gauge Railway (SGR) from Naivasha to Uganda, Rwanda, and the Democratic Republic of Congo (DRC) to bolster regional trade and investment. Speaking during the opening of the East Africa Community (EAC) Inter-…
- WASHINGTON, Dec. 6 (Xinhua) — A U.S. federal appeals court on Friday upheld a law mandating that ByteDance sell the widely-used social media app TikTok or face a potential ban in the United States, despite widespread opposition. A three-judge panel of the U.S. Court of Appeals in Washington, D.C.…
- NAIROBI, Kenya, Dec 7 – The National Transport and Safety Authority (NTSA) has warned vehicle dealers and showroom operators of license revocation should they fail to document all vehicles in the yards. Its Director General, George Njao, in a notice Friday announced that dealers must comply by…
- SINGAPORE, Dec. 7 (Xinhua) — A Singaporean charity has unveiled a new initiative to support migrant workers facing critical illnesses, aiming to raise 410,500 Singapore dollars (about 307,875 U.S. dollars) to assist 20 workers over the next two years. The CritiCare Fund for Migrant Workers seeks to…
- NAIROBI, Kenya, Dec 6 — Guaranty Trust Bank Kenya has unveiled GT Mazao, a new loan product designed to support Micro, Small, and Medium Enterprises (MSMEs) in scaling their operations. Jubril Adeniji, GT Bank Kenya and East Africa Managing Director, highlighted the facility’s role in bridging…
- Nairobi, Kenya, Dec – Jubilee Health Insurance CEO Njeri Jomo has been honored as CEO of the Year at the 2024 Company of the Year Awards (COYA), hosted by the Kenya Institute of Management (KIM). The award recognizes Jomo’s exceptional leadership in driving strategic growth, fostering innovation,…
- DEC 6 – Canada is being accused of throwing Mexico under the bus amid a tariff threat ahead of President-elect Donald Trump’s second term in the White House. Last week, Trump threatened he would impose a blanket 25% tariff on both countries when he takes office in January unless they secured their…
- NAIROBI, Kenya, Dec 6 – Central Bank of Kenya (CBK) Governor Kamau Thugge has supported the move to raise capital requirements for banks, stating that it will lead to mergers, create stronger financial institutions, and enhance regional influence. Thugge emphasized that increasing capital buffers…
- NAIROBI, Kenya, Dec 6 – The Central Bank of Kenya (CBK) has called on commercial banks to urgently reduce their lending rates in a bid to stimulate economic activities and provide relief to borrowers. Speaking during a press conference, CBK Governor Kamau Thugge underscored the importance of swift…
- NAIROBI, Kenya, Dec 6 – The Supreme Court has upheld the Sh2 billion compensation for Uhuru Owino slum residents affected by environmental pollution, ruling that those responsible for environmental degradation must not only compensate victims but also cover the cost of restoring the damage. The…
- CAIRO, Dec. 5 (Xinhua) — The Egyptian pound retreated to 50.04 against the U.S. dollar on Thursday, breaching the threshold of 50 for the first time since the Central Bank of Egypt (CBE) last devalued the pound in March. The fluctuation comes as the country pledges to enact a flexible exchange…
