- SACRAMENTO, United States, Aug. 22 (Xinhua) — A new study raised significant concerns about the nutritional quality of infant and toddler foods currently sold in the United States with misleading marketing claims. A staggering 60 percent of these products failed to meet international nutrition…
- NAIROBI, Kenya, Aug 22 – The National Bank of Kenya (NBK) has posted a net profit of Sh839 million in the half year ended June 30, 2024, an improvement from a pre-tax loss of Sh3.8 billion recorded during a similar period last year. NBK attributes the performance to a 20 percent increase in the…
- NAIROBI, Kenya, August 22 – The Aga Khan University Hospital has performed the first noninvasive procedure in the region that provides access to treatment of gynaecological conditions. Aga Khan conducted the Vaginal Natural Orifice Transluminal Endoscopic Surgery (vNOTES) on Wednesday, with the…
- CHICAGO, Aug. 22 (Xinhua) — The U.S. Federal Reserve will likely cut interest rates at its September meeting if economic data continues to come in as expected, according to minutes of the Fed’s July 30-31 meeting released Wednesday. “Almost all participants remarked that while the incoming data…
- NAIROBI, Kenya, August 22 – Absa Bank Kenya has announced plans to increase its agency network by 2,400 to supplement the accessibility of financial services across the country. In a statement, the lender said that it will expand the number from 600 to 3,000. According to the Bank’s Managing…
- NAIROBI, Kenya, Aug 22 — The Central Bank of Kenya (CBK) has defended its decision to award a Sh14.2 billion tender for the printing on new banknotes citing stockout fears. CBK told a parliamentary committee on Wednesday that projections in mid 2023 indicated a potential stockout hence the move to…
- WINDHOEK, Aug. 21 (Xinhua) — Namibia is on track to become one of Africa’s leading oil producers by 2035, potentially producing more than half a million barrels of oil per day, an official said on Wednesday. This development could see the country displace Egypt from the top five oil producers on…
- NAIROBI Kenya, Aug 21- National Treasury has released Sh40 billion to several government ministries to forestall disruption of services. The Ministry of Education has been allocated Sh29.7 billion, Ministry of Agriculture Sh4.6 billion, the Ministry of Roads with Sh2 billion, the County Aggregation…
- BY DOMAS MINEIKIS AUG 21 – Micro, Small, and Medium Enterprises (MSMEs) are undeniably the backbone of Kenya’s economy, significantly contributing to economic prosperity and social well-being. These enterprises play a crucial role in fostering innovation and introducing new ideas into the market,…
- NAIROBI, Kenya Aug 21 – Kenya Power has revealed that a total of 5.64 million prepaid (token) meters have so far been updated ahead of the August 31, 2024, deadline. The utility firm Managing Director and CEO Joseph Siror warned that those whose meters will not have been updated after the deadline…
- NAIROBI, Kenya Aug 20 – Selar, an e-commerce platform for content creators, has expanded into Kenya with an eye on the East African market. Douglas Kendyson, Selar Founder, said that the platform will empower African creators and drive economic growth by providing them with the tools and a platform…
- NAIROBI, Kenya, Aug 21 – KCB Group has announced a Sh1.5 interim dividend as net profit nearly doubles to Sh29.9 billion in the half year ended June 30, 2024. The bank, which had paused dividends last year amid profit slump, has earmarked Sh4.8 billion for investors. The resumption follows an 86…
- JOHANNESBURG, Aug. 21 (Xinhua) — South Africa’s annual consumer price inflation slowed to 4.6 percent in July from 5.1 percent in June, reaching the lowest level in three years since July 2021, official data showed Wednesday. In July, lower annual inflation rates were recorded for several product…
- AUG 21 – “I want to go home,” Kenyan Eulita Jerop tells the BBC from Lebanon, where she is employed as a domestic worker. But the terms of her employment make it difficult for her to leave, despite fears of an all-out war in the country. She has been terrified by the unfamiliar sounds she […]
- NAIROBI, Kenya, Aug 21 – Kenya Revenue Authority (KRA) has announced plans to enhance technology in the tax system following a directive from Cabinet Secretary for National Treasury John Mbadi. The taxman says the move is meant to drive up revenue collection. Mbadi in a statement emphasised the…
- AUG 21 – OpenAI and global magazine giant Condé Nast have announced a partnership to allow ChatGPT and its search engine SearchGPT to display content from Vogue, The New Yorker, GQ and other well known publications. The multi-year deal is the latest such agreement struck by OpenAI with major media…
- Nairobi, August 21, 2024 – The Kenya Pipeline Company (KPC) has refuted allegations published in a local daily that it paid an extra Sh40 billion in a pipeline construction deal. KPC in a statement clarified the circumstances surrounding the construction of the Mombasa-Nairobi petroleum products…
- NAIROBI, Kenya, Aug 21 – Ride-hailing platform Uber has increased its trip costs, including minimum fees, in response to criticism from drivers. This follows drivers’ objections to Uber’s pricing. Uber said in a statement on Monday that all its services would see price increases, with minimum…
- KHARTOUM, Aug. 20 (Xinhua) — Sudan’s annual inflation rate jumped to 193.94 percent in July, up from 158.16 percent in June, the country’s Central Bureau of Statistics said in a statement on Tuesday. The inflation rate in urban areas rose to 181.70 percent in July compared to 155.89 percent in June…
- NAIROBI, Kenya, Aug 21 – I&M Group profit after tax grew by 21 percent to Sh6.1 billion in the half year ended June 30, 2024, compared to a similar period last year, buoyed by high operating income and improved performances by regional subsidiaries. In the review period, the lender’s operating…
- NAIROBI, Kenya, August 21 – The swift advancement and adoption of artificial genetic modification technologies in organisms is reigniting the longing to win the fight against malaria. According to experts who converged in Uganda on Monday during World Mosquito Day, genetic engineering on mosquitoes…
- NAIROBI, Kenya, August 21 – The COMESA Competition Commission has warned member states over the ongoing recall of faulty American-made Steam Shot-style handheld steam cleaners. In a statement, the commission’s registrar, Demissie Disasa, urged buyers or users in the region to refrain from…
- BRUSSELS, Aug. 20 (Xinhua) — The European Union (EU) has approved a 5-billion-euro (5.56 billion U.S. dollars) state subsidy from Germany to support the construction and operation of a new microchip manufacturing plant, the European Commission announced on Tuesday. The facility, known as the…
- KUALA LUMPUR, Aug. 20 (Xinhua) — Malaysia, the world’s second-largest palm oil producer, Tuesday maintained its September crude palm oil (CPO) exports duty at 8 percent. According to a circular from the Malaysian Palm Oil Board, Malaysia has raised its CPO reference price for September to 3,915.19…
- NAIROBI, Kenya, Aug 20 – Kakuzi’s macadamia nuts business posted a profit of Sh32 million in the half-year ended June this year, an improvement from a Sh328 million loss recorded during a similar period last year. The agricultural firm’s managing director, Chris Flowers, said that the international…
- NAIROBI, Kenya, Aug 20 – Kakuzi’s macadamia businesses posted a profit of Sh32 million in the half-year ended June, an improvement from a Sh328 million loss recorded during a similar period last year. Kakuzi Managing Director Chris Flowers said that the international demand for macadamia nuts…
- AUG 20 – Hundreds of thousands of pensioners have been urged to claim a pension top-up that will enable them to beat government cuts in energy bill support. An estimated 880,000 low-income pensioner households eligible for pension credit currently fail to claim it and a deadline is approaching. The…
- NAIROBI, Kenya Aug 20 – KCB Bank approved green loans worth Sh21.4 billion, which represent 15.5 percent of its total loan book, to support environmentally friendly projects, according to its 2023 Environmental, Social, and Governance (ESG) and Sustainability Report, released on Tuesday. Last year…
- NAIROBI, Kenya, Aug 20 – Bolt has entered into a deal with Hakki Africa, a microfinance company, to allow drivers without their own vehicles to acquire 1,500 cars through financing. It will apply to Bolt drivers on the platform and will be implemented over a period of 18 months. Under the program,…
- NAIROBI, Kenya, Aug 20 – Low-cost retailer Jaza Discounter Supermarket has opened its 14th store at Greatwall in Athi River in Machakos County. This comes at a time when the retail chain has been on an aggressive expansion drive to expand outlets in Nairobi and surrounding areas. “We are not in…
- NAIROBI, Kenya, AUG 20 – Global health organization PATH has released its 2023 Global Diversity, Equity, and Inclusion (DEI) Annual Report, showcasing strides in creating a more inclusive, equitable, and diverse workplace. The report reflects PATH’s commitment to embedding DEI principles throughout…
- NAIROBI, Kenya, Aug 20 – The National Government’s pending bills rose by Sh29 billion to Sh516.3 billion as of June 30, 2024, highlighting financial constraints the state is facing to clear the debts. The rise came at a time when the Pending Bills Verification Committee was mapping out all of the…
- NAIROBI, Kenya, Aug 20 – The National Government’s pending bills rose by Sh29 billion to Sh516.3 billion as of June 30, 2024, highlighting financial constraints the state is facing to clear the debts. The rise came at a time when the Pending Bills Verification Committee was mapping out all of the…
- AUG 20 – Thirty six flights were cancelled and 201 delayed at a Japanese airport on the weekend after a pair of scissors went missing in a store near the boarding gates. Security checks at Hokkaido’s New Chitose Airport domestic terminal were suspended for about two hours on Saturday morning,…
- NAIROBI, Kenya, Aug 20 – Prateek Suri, the enigmatic African billionaire best known for his success in the consumer electronics industry, is charting new territory. With a deep understanding of Africa’s economic landscape and a keen eye for untapped opportunities, Suri is making a bold pivot into…
- NAIROBI, Kenya, Aug 20 – The Supreme Court has suspended the Court of Appeal’s judgment declaring Finance Act 2023 unconstitutional. The Supreme Court in its ruling faulted the appellate court, highlighting the uncertainty surrounding the revenue measures and the difficulties that could arise in…
- NAIROBI, Kenya Aug 20 – Residents of Green Park Estate in Athi River, Machakos County, can now breathe a sigh of relief after the court of appeal ruled that the residential property is not sitting on a riparian land. A three-judge bench composed of Kathurima Minoti, Imaana Laibuta, and Hellen…
- NAIROBI, Kenya, Aug 20 – The National Treasury has started to receive pending bills and claim submissions from the public aimed at clearing outstanding arrears owed by the government. The Pending Bills Verification Committee said that the exercise, which started yesterday and ends on August 31,…
- AUG 20 – British tech tycoon Mike Lynch and his 18-year-old daughter are among the six people missing after a luxury yacht sank off the coast of the Italian island of Sicily in the early hours of Monday morning. The 56m (183ft) vessel was carrying 22 people including British, American and Canadian…
- NEW YORK, Aug. 20 (Xinhua) — U.S. stocks ended higher on Monday after all three major U.S. indexes notched their biggest weekly gains of the year, continuing the market’s recovery as investors geared up for the highly anticipated Federal Reserve symposium later this week. The Dow Jones Industrial…
- ANKARA, Aug. 29 (Xinhua) — The Turkish Statistical Institute (TurkStat) released its happiness rankings for Türkiye’s cities on Monday, with Sinop in the Black Sea region topping the list at 77.66 percent among the country’s 81 major cities. Sinop is followed by Afyonkarahisar of the western Aegean…
- NAIROBI, Aug. 20 (Xinhua) — Kenya generated 142.5 billion shillings (around 1.11 billion U.S. dollars) in tourism revenue during the first half (H1) of this year, assisted by a significant rise in visitor numbers, according to the Kenya Tourism Board (KTB) Monday. This represents an increase from 1…
- BERLIN, Aug. 19 (Xinhua) — The value of German exports fell by 1.6 percent year-on-year in the first six months of the year (H1), while imports dropped by 6.2 percent, highlighting the underwhelming performance of foreign trade in Europe’s largest economy, official data showed on Monday. In the…
- NAIROBI, Kenya, Aug 19 – Prime Cabinet Secretary Musalia Mudavadi has challenged countries in the global south, including Kenya, to tell their problems on the international stage amid multiple economic challenges. Mudavadi highlighted severe economic and geopolitical challenges currently facing…
- NAIROBI, Aug. 19 (Xinhua) — The Greater Horn of Africa region could experience depressed rainfall in the October-December season amid the likelihood of a La Nina weather phenomenon, according to the latest prediction from the Intergovernmental Authority on Development (IGAD), an East African bloc,…
- NAIROBI, Kenya, Aug 19 – Kenya Airways (KQ) has announced a historic profit after tax of Sh513 million for the six months ending June 30, 2024. Reduced exposures from foreign currency fluctuations and loan restructuring by the state helped grow the revenue. Likewise, improved cargo and passenger…
- NAIROBI, Kenya, Aug 19 – Safaricom has announced a new change to its reverse call service, introducing a fee for customers who use the service more than twice in a single day. The telco revised the terms and conditions for the popular service, which previously allowed unlimited free reverse calls.…
- NAIROBI, Kenya, Aug 19 – Xiaomi Kenya has unveiled the Redmi Note 13 Series Offers Festival 2024, running from August 9th to September 9th. The month-long promotion offers opportunities for tech enthusiasts and smartphone users to upgrade to the Redmi Note 13 Series with discounts of up to Sh3,500…
- AUG 19 – Domestic energy prices are expected to rise in the run-up to winter, according to consultancy Cornwall Insight. The forecaster, which is widely regarded for its accurate predictions, said a household using a typical amount of gas and electricity would pay £1,714 a year from October. That…
- NAIROBI, Kenya, Aug 19 – Businessman Yagnesh Devani has been granted a Sh5 million cash bail in the Sh7.5 billion Triton oil scandal case against him. Trial magistrate Thomas Nzioki gave him an alternative Sh20 million bond plus two contact persons. He said in his ruling that the prosecution did…
