- NAIROBI, Kenya, Aug 19 – The Public Service Commission (PSC) has unveiled a draft policy that seeks to limit salary advances for civil servants, capping them at an amount not exceeding one month’s pay. This proposal, part of the Human Resource Policies and Procedures Manual, is aimed at…
- AUG 19 – The owner of convenience store giant 7-Eleven has received a buyout offer from Canadian rival Alimentation Couche-Tard (ACT), which runs the Circle K chain. Tokyo-based Seven & i Holdings says it has formed a special committee to decide whether or not to accept the offer. Shares in…
- NAIROBI, Aug. 19 (Xinhua) — Technological cooperation and digital innovation are key to fostering mutual growth and prosperity and deepening the relationship between China and Kenya, a Kenyan expert has said. “China is very strategic in offering affordable technology,” which is crucial for Kenya to…
- AUG 19 – Libya’s central bank has announced the suspension of all its operations after a senior employee was kidnapped in the capital Tripoli. The bank denounced the abduction of its information technology director Musab Msallem in a statement on Sunday. They said Mr Msallem was taken from his home…
- NAIROBI, Kenya, Aug 17 – Logistics provider Citi Hoppa has introduced 24 new Isuzu buses as it expands fleet. The firm says that it spent Sh175 million to invest in the new buses, which boost modern features. Citi Hoppa Operations Director, Githaiga Weru, underscored the company’s commitment to…
- NAIROBI, Aug. 18 (Xinhua) — Chinese technology firm Huawei launched its 150K series commercial and industry inverter to enhance solar energy adoption in Kenya. Du Peng, chief executive officer of Huawei Digital Power Eastern Africa Region, said in Nairobi, the capital of Kenya, that the inverter…
- AUG 18 – Finance Secretary Shona Robison has defended spending constraints as the only option available to her in the current climate. Last week the Scottish government confirmed it would follow the UK government in no longer providing winter fuel payments to all pensioners. Ms Robison told BBC…
- NAIROBI, Kenya, Aug 19 – As the English Premier League Football (EPL) and UEFA Champions League usher in a new season, SportPesa has invited football fans to embark another thrilling journey in football. Whether celebrating the highs or enduring the lows, the 2024/25 season promises intense…
- AUG 18 – Nearly two years ago, Sarah Cook hopped on a train at Wombwell Station, just outside her pet shop in South Yorkshire, to travel one stop to Barnsley. A mere six minutes. “I tried to buy a ticket on the platform and the machine wouldn’t accept my bank card,” she told the BBC. […]
- NAIROBI, Kenya, Aug 18 – The Kenya Aviation Workers Union (KAWU) has postponed its planned strike for two weeks to allow for talks over the Jomo Kenyatta International Airport (JKIA)-Adani deal takeover. The union had opposed the proposed agreement with India’s Adani Airport Holdings which it says…
- NAIROBI, Kenya Aug 17- The United Nations Industrial Development Organisation (UNIDO) has affirmed that information and communication technologies (ICTs) can help accelerate progress towards the attainment of the 17 United Nations Sustainable Development Goals (SDGs). Speaking at MWC24 Shanghai,…
- AUG 18 – X, formerly known as Twitter, has closed its office in Brazil over a censorship row. The social media platform said a Brazilian Supreme Court judge, Alexandre de Moraes, threatened its legal representative in Brazil with arrest if it did not comply with his “censorship orders”. Brazil’s…
- Nairobi, Kenya Aug 17 – Shelter Afrique Development Bank (ShafDB), a financer of housing, urban, and related infrastructure development, has signed a Memorandum of Understanding (MoU) with CPF Group, a financial service, to speed up implementation of large-scale affordable housing projects in Kenya…
- AUG 17 – The hat worn by actor Harrison Ford in the second instalment of the Indiana Jones film franchise has sold for nearly half a million pounds at auction. The brown felt fedora – specifically made for the Temple of Doom film – fetched $630,000 (£487,000) in Los Angeles on Thursday. Other items…
- NAIROBI, Kenya, Aug 17 – Kenya Re’s profit recovered to Sh600 million in the half year ending June this year, from a loss of Sh200 million during a similar period last year. The improvement is attributed to a 20 percent growth in insurance revenue from Sh8.6 billion to Sh10.3 billion. Income was…
- CANBERRA, Aug. 17 (Xinhua) — Australia will trial digital passenger cards to replace paper cards for arrivals to the country, the border force has announced. Under the pilot program for the Australia Travel Declaration, passengers on Qantas flights from New Zealand to Australia later in 2024 will…
- NAIROBI, Kenya, Aug 17 – Moses Okoth Nyabanda has been appointed as the new acting Managing Director (MD) for Equity Bank Kenya, pending regulatory approval from the Central Bank of Kenya. Nyabanda is replacing Gerald Warui, who is going for an early retirement. Prior, Nyabanda served as the Equity…
- AUG 16 – Train drivers at London North Eastern Railway (LNER) are set to strike every weekend in September, October and two in November, union bosses have announced. Aslef, which represents train drivers, said the walkouts at LNER were due to a breakdown in industrial relations and agreements. The…
- NAIROBI, Kenya, Aug 16 – Logistic company MetroTrans Investment Limited has invested Sh103 million in new buses as it modernizes fleets. The 14 Hino buses have been locally assembled by CFAO Mobility, Kenya’s automotive distributor, and financed by Family Bank. CFAO Mobility Kenya Managing Director…
- NAIROBI, Kenya Aug 16 – Kenya Electricity Generating Company (KenGen) has been inducted into the Morgan Stanley Capital International (MSCI) Frontier Markets Small Cap Index. Peter Njenga, KenGen’s Managing Director and CEO, said the induction has the potential to increase foreign direct…
- AUG 16 – MultiChoice has cut monthly charges for GOtv Supa+, allowing users to save on entertainment spending. The price has been reduced by Sh700 to Sh3,000, with the offer running until November this year. “At MultiChoice, we are dedicated to providing our customers with the best value and…
- By Hasnain Noorani Aug 16 – If you’ve ever traveled to Mombasa, you know that the beauty of the coast is matched only by the challenge of getting there. For years, the Likoni Ferry has been a bottleneck, often turning what should be a quick trip into a test of patience. But with the soon […]
- ABUJA, Aug. 16 (Xinhua) — Nigeria’s headline inflation rate declined to 33.40 percent in July after a persistent rise in almost two years, the latest report released Thursday by the country’s statistics bureau showed. The consumer price index, a main gauge of inflation, declined by 0.8 percent…
- AUG 16 – Nothing is stopping child sexual abuse imagery spreading on WhatsApp, a safety group has warned. The Internet Watch Foundation (IWF) is calling on Meta, which owns WhatsApp, to do more to protect children and put mechanisms in place. The group suggested these mechanisms could stop the…
- NAIROBI, Kenya, Aug 16 – Foreign Affairs Principal Secretary, Korir Sing’Oei, has announced the government’s intention to extend the second phase of the Standard Gauge Railway (SGR) to Kisumu port and Malaba. This ambitious project aims to bolster regional connectivity and facilitate trade across…
- AUG 16 – Chinese autonomous driving company WeRide is looking for its shares to take a ride on the Nasdaq. WeRide, based in Guangzhou in South China’s Guangdong province, plans to offer 6.45 million American depositary shares, or ADS, at a price range of $15.50 to $18.50 in its upcoming initial…
- By Peter Macharia AUG 16 – Millions of Kenyan borrowers continue to depend on microloans to raise the funds to grow their businesses or just stay afloat in hard times. And thanks to digital platforms, smartphones and free-moving capital among a few rich. Microfinance was conceived as a solution…
- NAIROBI, Kenya, Aug 16 – Eyebrows have been raised on how imported refined edible palm oil disguised as crude palm oil entered the port of Mombasa in a bid to evade taxes. The country is estimated to have lost Sh62 billion in revenue tax for the last three years as the importation of the product […]
- AUG 16 – Retailers reported a 0.5% rebound in July after the Euro 2024 football championship and summer discounting fuelled shopping. The increase follows a sharp fall in June, when sales volumes – which measure the quantity bought – were hit by poor weather. Department stores and shops selling…
- NAIROBI, Kenya, Aug 16 – Kenya Airports Authority (KAA) says contingency measures are in place to ensure seamless airport operations amid talks to avert the workers strike set for Monday. In a statement to the press, KAA emphasized its commitment to upholding high standards of service even if the…
- BEIJING, Aug. 16 (Xinhua) — European fishing vessels are operating under local flags in some African waters under opaque conditions, contributing to overfishing which threatens the livelihoods of local fishers and the sustainability of fish stocks, the Financial Times (FT) reported. Altering a…
- NEW DELHI, Aug. 16 (Xinhua) — Indian Space Research Organisation (ISRO) Friday successfully launched its third and final developmental flight, Small Satellite Launch Vehicle (SSLV)-D3, carrying Earth Observation Satellite EOS-08, officials said. The SSLV-D3 lifted off from the launch pad of…
- NEW YORK, Aug. 15 (Xinhua) — The U.S. dollar increased in late trading on Thursday. The dollar index, which measures the greenback against six major peers, went up 0.4 percent to 102.976 at 3:00 p.m. (1900 GMT). In late New York trading, the euro fell to 1.0978 U.S. dollars from 1.1016 U.S. dollars…
- NAIROBI, Kenya, Aug 16 – Residents of Karen have raised concerns over the construction of the proposed Nairobi Waldorf School Trust, an international learning institution along Nandi Road. During a public participation exercise on the proposed project, which involves the construction of semi-…
- JERUSALEM, Aug. 15 (Xinhua) — Israel’s national airline El Al has signed an agreement with the U.S. aircraft manufacturer Boeing Company to purchase 20 737 MAX aircraft for 1.5 billion U.S. dollars. A statement issued by El Al on Thursday said that this is by far the largest equipping deal for the…
- AUG 15 – Eldoret has become Kenya’s fifth city after the town was conferred with the premier honours on Thursday. At an event attended by thousands of guests and residents at the Eldoret Sports Club, President William Ruto declared: “It is now my singular honour and pleasant duty, by authority…
- NAIROBI, Kenya, Aug 15 – Cabinet Secretary for Energy Opiyo Wandayi is focused on expanding Kenya’s power infrastructures despite numerous challenges facing the sub-sector. Wandayi said there have been delays in the implementation of such projects, attributing them to meagre financial resources. “…
- LONDON, Aug. 15 (Xinhua) — Britain’s quarterly real gross domestic product (GDP) was estimated to have increased by 0.6 percent in the second quarter of this year, according to the Office for National Statistics (ONS) on Thursday. This follows a 0.7 percent increase in the first quarter of 2024.…
- AUG 15 – Former President Donald Trump held a battleground state rally to tout his economic plan and recalibrate his campaign amid a tightening race for the White House. In a 90-minute speech in Asheville, North Carolina, Trump pledged to bring down consumer prices and increase wages through…
- NAIROBI, Kenya, Aug 15 – U.S. and Mogo, an asset financier, have agreed to support the uptake of electric mobility in the country. U.S. Ambassador to Kenya Meg Whitman, who visited Mogo’s electric vehicle (EV) showroom in Nairobi yesterday, praised Kenya’s progress in decarbonising its transport…
- By Monica Chege Brands are operating in an interesting era, where the dynamics of consumer interaction are evolving at an unprecedented pace. Over the years, the way companies have engaged with their customers and wider stakeholders has undergone significant transformation. From the early days of…
- NAIROBI, Kenya, August 15 – The 11th annual Financial Times Africa Summit is scheduled to take place in London this October, bringing together African Heads of State, policymakers, global investors, and business leaders. The two-day summit is set to get underway from October 29 to October 30, 2024…
- AUG 15 – North Korea will reopen one city to foreign tourists in December after nearly five years of border closures due to the Covid pandemic. At least two China-based tour operators have announced that tourists will soon be allowed to visit the mountainous northern city of Samjiyon. Reclusive…
- NAIROBI, Kenya, August 15 – The Milimani High Court has directed Egerton University to cover and facilitate remedial classes for engineering graduates who undertook unaccredited engineering courses. This comes after engineering graduates from the university were denied a chance to register with the…
- NAIROBI, Kenya, August 15 – The Milimani High Court has directed Egerton University to cover and facilitate remedial classes for engineering graduates who undertook unaccredited engineering courses. This comes after engineering graduates from the university were denied a chance to register with the…
- NAIROBI, Kenya, Aug 15 – The Insurance Regulatory Authority (IRA) has placed Invesco Assurance Company Limited under statutory management, meaning that the running of the company will now be under the regulator. IRA has also appointed the Policyholders Compensation Fund (PCF) to oversee functions…
- CANBERRA, Aug. 15 (Xinhua) — Australia’s unemployment rate has risen to its highest level in over two years. According to official data published by the Australian Bureau of Statistics (ABS) on Thursday, the unemployment rate rose to 4.2 percent in July – up from 4.1 percent in June and the equal-…
- NAIROBI, Kenya Aug 15 – Kenyan mung bean or ndengu farmers will require licenses from the Agriculture and Food Authority (AFA) if a new Bill becomes law. The Mung Beans Bill 2022, seeking to promote growth and development of the mung bean industry, proposes that every grower shall register with the…
- AUG 14 – Consumer prices in the US rose at the slowest pace in more than three years last month, bolstering the case for the central bank to start cutting interest rates. Overall, prices rose 2.9% over the 12 months to July, the smallest annual increase since March 2021 and down from 3% in June, […]
- AUG 14 – Confectionery giant Mars has struck a deal to snap up Pringles and Pop-Tart-maker Kellanova for nearly $36bn (£28bn). The firms called it the biggest snacking buyout this year, while legal experts don’t expect any objections from regulators. The deal comes as cash-strapped consumers have…
