- NAIROBI, Kenya, Aug 14 – EPRA has maintained petrol, diesel, and kerosene prices at Sh188.4, Sh171.6, and Sh161.75, respectively, in Nairobi for the next one month starting midnight. A litre of super petrol remained constant despite a 1.06 percent decline in the average landed cost of import to $…
- WASHINGTON, Aug. 14 (Xinhua) — U.S. consumer inflation in July increased 2.9 percent from a year ago, after climbing 3.0 percent in June and 3.3 percent in May, the U.S. Labor Department reported Wednesday. According to the report released by the Bureau of Labor Statistics, the Consumer Price Index…
- NAIROBI, Kenya, Aug 14 – Alando has been named as the new CEO of the Kenya Association of Manufacturers (KAM), taking over from Anthony Mwangi, who has stepped down. Alando, an insider, was serving as KAM’s Chief Operating Officer until his appointment. KAM Board Chair Jane Karuku announced that…
- AUG 14 – The UK’s inflation rate has risen for the first time this year, official figures show. Overall prices rose by 2.2% in the year to July, slightly above the Bank of England’s target of 2% where the rate had been since May. A rise was widely predicted and is due to prices of […]
- NAIROBI, Kenya Aug 14 – The newly appointed Tourism Cabinet Secretary, Rebecca Miano, has set out to address the classification of local hospitality facilities to align with global standards. She assured that her ministry will collaborate with catering industry stakeholders to enhance tourism…
- SINGAPORE, Aug. 14 (Xinhua) — A total of 1.6 million visitor arrivals were recorded in Singapore in July, up 12.9 percent year-on-year, according to the latest statistics released by the Singapore Tourism Board. The Chinese mainland topped Singapore’s visitor source last month, followed by…
- NAIROBI, Kenya Aug 13 – The British American Tobacco Kenya saw a 54 percent reduction in its scope 1 and 2 greenhouse gas emissions last year, which is within the 2030 target of a 50 percent emission cut. This is contained in its 2023 Sustainability Report, which focused on sustainability…
- Nairobi, Kenya, Aug 13 – Britam’s innovation hub, BetaLab, has picked six potential startups to join its 12-week pre-incubation program. The initiative seeks to provide solutions in Kenya’s financial services sector, addressing pressing issues in real estate, savings, SME financing, and healthcare…
- By Steven Maleche AUG 14 – For Kenyans in the diaspora, the desire to contribute to the growth and development of their country is evidenced by the $4.3 billion they remitted into the country in 2023, up from $4 billion the previous year, according to data from the Central Bank of Kenya. Kenyans in…
- By Catherine Muraga AUG 14 – In the rapidly evolving landscape of artificial intelligence (AI), Africa stands at a crossroads. Emerging technologies like AI and machine learning are no longer futuristic concepts but present-day realities shaping our world. As we advance towards a hyper-connected…
- TOKYO, Aug. 14 (Xinhua) — Tokyo stocks closed higher on Wednesday as confidence was bolstered by gains of stocks in the U.S. market overnight. Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 209.92 points, or 0.58 percent, from Tuesday to close the day at 36,442.…
- NAIROBI, Kenya, Aug 14 – The Kenya Revenue Authority (KRA) has won a value-added tax (VAT) fraud case against a Chinese firm. According to the taxman, the company evaded taxes by wiring incomes through shell companies to accounts in China. The fraud, commonly known as ‘the missing trader’ tax…
- NAIROBI Kenya, Aug 14 – The Kenya National Highway Authority (KeNHA) is proposing the Road Tolling Policy that will help the country repay loans used to fund major road projects and fund new ones. Already, KeNHA has proposed a tolling policy on the Nairobi Southern Bypass, Nairobi-Nakuru-Mau Summit…
- AUG 14 – Chinese car maker Zeekr says its new electric vehicle (EV) batteries charge faster than any of its rivals, including industry leader Tesla. The firm says its upgraded batteries can be charged from 10% to 80% capacity in 10 and a half minutes using its ultra-fast charging stations. In…
- NAIROBI, Aug. 14 (Xinhua) — Policymakers, scientists, and industry leaders from China, Africa, and the International Maize and Wheat Improvement Center (CIMMYT) convened in Nairobi, Kenya, Tuesday to launch a forum aimed at advancing agricultural transformation, achieving food security, and…
- NAIROBI, Aug. 14 (Xinhua) — Experts from the Common Market for Eastern and Southern Africa (COMESA) met in the Kenyan capital of Nairobi on Tuesday to discuss ways to promote the region’s leather sector. The two-day COMESA workshop on the validation of the regional leather value chain strategy…
- JERUSALEM, Aug. 13 (Xinhua) — Israel’s hi-tech sector contributes more than a third of the national income tax, according to a report jointly issued by the Israel Innovation Authority (IIA) and the Finance Ministry on Tuesday. The IIA said in a statement that this rate points to the Israeli hi-tech…
- NAIROBI, Kenya, Aug 13 – Former Kenya Re Chairman David Kibet Kemei has been named as the new Director General of Competition Authority of Kenya (CAK), pending approvals from the National Assembly. Kemei previously served as the Chairman of the Kenya Re, a re-insurance company. Upon confirmation by…
- NAIROBI, Kenya, Aug 13 – Former Kenya Re Chairman David Kibet Kemei has been named as the new Director General of Competition Authority of Kenya (CAK), pending approvals from the National Assembly. Kemei previously served as the Chairman of the Kenya Re, a re-insurance company. Upon confirmation by…
- NAIROBI, Kenya, Aug 13 – On-demand video streaming platform Showmax will start to air live football matches on mobile devices in the 2024/2025 season. It will feature all 380 matches of the English Premier League, as well as top games from La Liga, Serie A, the Zambian Super League, and the…
- AUG 13 – Grocery price inflation has risen for the first time in more than a year – but this did not stop shoppers splashing out on booze to celebrate a summer of sport, new figures suggest. Wine sales were up 35% on the day of the Olympic opening ceremony and £10m worth of beer […]
- NAIROBI, Kenya, Aug 13 – Euroform, a UK metal and aluminum works firm, has opened a new workshop in Tatu City in Kiambu County. This comes after it completed its first project in Kenya, The Link Logistics & Business Park, that involved the supply and installation of aluminum windows and doors,…
- AUG 13 – The 2024 Half-Year Review is set to kick off officially on Wednesday at the Heron Portico Hotel in Nairobi after weeks of postponement following recent anti-government protests led by the youths across the country. The event, which will start at 7.30 am till noon and be hosted in…
- NAIROBI, Kenya, Aug 13 – Standard Chartered has announced a new management fee for the Sanlam Money Market Fund starting next month. The company, in a notice to investors, said the fund, which is in partnership with Sanlam Investments East Africa, will see the annual deduction go up from 1.2…
- NAIROBI, Aug. 12 (Xinhua) — Kenya is seeking to expand its partnership with Chinese telecommunication firm Huawei to boost technology adoption in the country, a government official said on Monday. “We are in the process of expanding partnership with Chinese firms such as Huawei through leveraging…
- AUG 13 – The UK’s unemployment rate has fallen slightly, official figures suggest. Unemployment was 4.2% in the three months to the end of June, down from 4.4% over the previous quarter. Meanwhile, wage growth continued to slow, rising at an annual rate of 5.4% – the weakest for around two years,…
- WASHINGTON, Aug. 12 (Xinhua) — As the Office of the U.S. Trade Representative (USTR) is expected to issue a final determination on its proposed “modifications” of the actions toward China under Section 301, U.S. economists, trade groups and international organizations have voiced concerns and…
- AUG 123 – Banknotes with a face value of £78,430 have raised more than 11 times that amount for charity following a series of auctions. New £5, £10, £20 and £50 notes featuring King Charles III entered circulation in June. A full set of the first issues were presented to the monarch, but hundreds…
- NAIROBI, Kenya, Aug 13 – The Kenya Commercial Bank has been named in the Sh24 billion edible oil deal in a latest report by the Auditor General. According to the data, the Kenya National Trading Corporation (KNTC) board of directors on October 5, 2022, authorized the KNTC management to open a bank…
- CANBERRA, Aug. 13 (Xinhua) — Wealth inequality in Australia has grown to record levels, a new report published by independent think tank the Australia Institute has found. According to the report, which was published on Tuesday, the wealth of Australia’s richest 200 people as a share of gross…
- NAIROBI, Kenya, Aug 13 – A total of 10,000 homes in Kisii County will be connected to power under a state-backed project with the European Union. President William Ruto announced this during the commissioning of an electrification project at Nyang’eni village in Nyaribari Chache yesterday. The Head…
- WASHINGTON, Aug. 12 (Xinhua) — An underground reservoir of water may reside beneath the surface of Mars, according to new research released on Monday. This water, estimated to be located approximately 7 to 12 miles (11.5 to 20 km) below the Martian crust, is hidden within cracks in underground…
- AUG 13 – AFC Leopards Chairman Dan Shikanda has expressed his excitement ahead of the club’s first ever Player Awards Gala set for Wednesday, August 21 2024 in Nairobi. The event, organized by the U45 Unit Branch, will recognize the outstanding contributions of players, fans, and branches that…
- AUG 13 – The World Health Organization recently observed World Cancer Day on August 1 to raise awareness about lung cancer and the need for increased research funding. Despite recent breakthroughs that have improved survival rates, lung cancer continues to affect many lives. In Kenya, lung cancer…
- GENEVA, Aug. 12 (Xinhua) — The International Labour Organization (ILO) highlighted the concerns about the global number of 15 to 24-year-olds not in employment, education, or training (NEET), even as youth unemployment rates decline, according to an ILO report issued on Monday. The report, titled…
- AUG 12 – Barely a month after taking office, British Prime Minister Keir Starmer is facing his first major challenge with violent protests raging in several cities across the country. Anti-immigration sentiments, fanned by the rise of the far right in the United Kingdom and compounded by the cost…
- NAIROBI, Kenya, Aug 12 – Safaricom 5G network sites have reached 1,114 across the country as part of the telco’s goal to offer Kenyans ultra-speed internet speeds. The 5G connectivity is spread in 102 towns. According to Safaricom, its 5G network now covers 14 percent of Kenya’s population and…
- NAIROBI, Kenya, Aug 12 – Experian MicroAnalytics, a mobile financial services company, has entered into a deal with Creditinfo Group, a firm that offers risk management solutions, to unveil new fintech solutions that will facilitate access to finance for individuals and businesses across Africa.…
- NAIROBI, Kenya, Aug 12 – The Kenya Railways Corporation (KRC) has refuted claims that 10 out of its 11 Diesel Multiple Unit (DMU) trains bought in 2020 have broken down and only one is operational. Through a statement, the corporation clarified that all the diesel multiple unit trains operating on…
- AUG 12 – Potholes causing damage to vehicles is the main concern for the majority of drivers in Britain, a motoring survey suggests. The condition and maintenance of roads was the top issue for almost six in 10 people for the first time recorded in research by the RAC, ahead of insurance costs and…
- NAIROBI, Kenya, Aug 12 – Safaricom Ethiopia customer base grew by about 250,000 subscribers to 4.6 million in the quarter two (Q2) ending July as the telco rolls out an aggressive plan to grow user base. Between January and March, the company subscribers stood at 4.35 million. “As of end of June…
- NAIROBI, Kenya, Aug 12 – Equity Group’s half-year profit after tax grew by 12 percent to Sh29.6 billion compared to a similar period last year, boosted by high interest income and improved performance by regional subsidiaries. In its latest financial result, the lender’s revenue generated from…
- NAIROBI, Kenya, Aug 12 – Beverage manufacturer DaVinci Gourmet has announced its inaugural Barista Craft Championship 2024. This global competition, themed “United Through Coffee,” will showcase talented baristas from Africa, Asia Pacific, the Middle East, and Latin America. Participants will vie…
- NAIROBI, Kenya, Aug 12 – Over 12,000 micro, small, and medium-sized enterprises (MSMEs) have so far benefitted from the Impact for Northern Kenya (INK) Fund financed by USAID Kuza, which lends capital to the underserved population in northern counties. The 43 million-dollar fund aimed at fostering…
- AUG 12 – Free school meals provided “independently of government” could help a region tackle child poverty, its mayor has said. Labour’s Kim McGuinness is considering a range of strategies in an effort to address the rate of impoverished children across the north-east of England. She told the BBC…
- NAIROBI, Kenya Aug 12 – The latest study by TransUnion, an information and insights company, has revealed that 72 percent of consumers reported being targeted by digital fraud schemes but avoided falling victim during the second quarter period of the year. The Consumer Pulse study, however, showed…
- AUG 12 – A statue commemorating the first entirely British-designed and built motor car is to be installed later this year. In 1898, engineer Richard Stephens built his prototype model A on a small assembly line in Clevedon. Car enthusiast Mark Reber, organiser of the Clevedon Cars and Coffee event…
- SEOUL, Aug. 12 (Xinhua) — South Korean banks’ household lending rose for the fourth straight month due to strong demand for mortgage loan, central bank data showed Monday. Debt owed by households to deposit-taking banks grew 5.5 trillion won (4 billion U.S. dollars) from a month earlier to 1,120.8…
- NYERI, Kenya, Aug. 11 (Xinhua) — Two km outside the central Kenyan town of Nyeri’s bustling streets along the busy highway linking the town to Nairobi, the Kenyan capital, one cannot fail to notice the well-tended giant evergreen trees under whose shades rest dozens of donkeys. The meeting point…
- Aug 11 – India’s foreign exchange reserves have once again reached a historic high, underscoring the country’s robust economic position. According to data released by the Reserve Bank of India (RBI) on Friday, the reserves surged by $7.533 billion during the week ending August 2, bringing the total…
