- NAIROBI, Kenya, Nov 6 – Kenya saw a 4.6 percent rate of attempted digital fraud targeting transactions in the first half of 2024, according to TransUnion’s latest H2 2024 ‘State of Omnichannel Fraud Report’. The findings reveal retail industries were particularly targeted by these fraudulent…
- NOV 6 – The US dollar has surged as Donald Trump is on the cusp of winning back the White House in the presidential race. Bitcoin also hit a record high while traders bet on potential tax cuts, increased tariffs, and rising inflation under Trump. The result of the election is expected to have a […]
- NAIROBI, Kenya, Nov 5 – Kenya’s private sector activity saw modest improvement in October, driven by increased sales and rising client interest. The latest Purchasing Managers’ Index (PMI) by Stanbic Bank Kenya recorded a score of 50.4, up from 49.7 in September, signaling an expansion in business…
- NOV 6 – A small business owner said she was shocked and heartbroken to find her card designs being sold on giant online retailer Temu’s website without her knowledge. Anwen Roberts, who owns design company Draenog, said identical versions of her Welsh language products appeared on the Chinese-based…
- NOV 6 – Investors around the world are closely watching the US election for clues on who will become the next president of the world’s biggest economy. Benchmark stock indexes across Asia were mostly higher on Wednesday, while the US dollar was also up. The result of the election is expected to…
- NAIROBI, Nov. 6 (Xinhua) — The Government will scale up green manufacturing by leveraging the country’s vast renewable energy potential and emerging technologies in a bid to boost exports and generate new jobs, senior officials said Tuesday. Salim Mvurya, cabinet secretary in the Ministry of…
- NOV 5 – Offices of streaming giant Netflix in Paris and Amsterdam have been raided by the French and Dutch authorities as part of an investigation into tax fraud, French judicial sources say. Officials from the two countries have been co-operating on the case since the investigation was opened in…
- NAIROBI, Kenya, Nov 5 – Mastercard and Diamond Trust Bank (DTB) have partnered with Tappy Technologies to launch Kenya’s first tokenization-based payment wearables, allowing users to make secure, contactless payments with ease. The new wearables will enable users to complete “tap and go”…
- NAIROBI, Kenya, Nov 5 – Visa has announced investments in four fintech start-ups as part of its inaugural Visa Africa Fintech Accelerator program, reinforcing its commitment to advancing digital innovation and financial inclusion in Africa. The selected start-ups include Ghana’s Oze, Kenya’s…
- NAIROBI, Kenya, Nov 5 – Kenya Electricity Generating Company (KenGen) is strengthening its presence in Africa’s geothermal sector, with strategic investments aimed at diversifying revenue streams. The utility firm is in the final stages of geothermal exploration in Eswatini, with plans to conclude…
- NAIROBI, Kenya, Nov 5 – Susan Mang’eni, Principal Secretary for the Ministry of Cooperatives and MSMEs, has encouraged Kenyans to consider insurance products to better secure their livelihoods, invest in their futures, and support community stability. This push aligns with President William Ruto’s…
- By Phyllis Migwi NOV 5 – In an increasingly digital world, the importance of equipping Africa’s youth with digital skills simply cannot be overstated. It’s a much-quoted statistic that as the world’s youngest continent, Africa will make up one-fifth of the total workforce and one-third of the total…
- BRUSSELS, Nov. 5 (Xinhua) — The European Commission will assess whether U.S. technology firm Apple complies with the European Union’s Digital Markets Act (DMA) regarding its operating system iPadOS, the European Commission said on Monday. “Apple must, among others, allow users to set the default…
- OTTAWA, Nov. 5 (Xinhua) — Maritime employers in Canada’s British Columbia locked out more than 730 dock foremen across the country’s west coast ports, including the largest port, Vancouver, in a labor dispute on Monday afternoon. The B.C. Maritime Employers Association said Monday that its plan to…
- NAIROBI, Kenya, Nov 6 – Passengers entering Kenya will soon be required to declare their mobile phones, including their International Mobile Equipment Identity (IMEI) numbers, as part of a new compliance measure by the Kenya Revenue Authority (KRA). The requirement, set to take effect on January 1…
- LONDON, Nov. 5 (Xinhua) — British Education Secretary Bridget Phillipson has announced that university tuition fees in England will increase by 3.1 percent next year, the first rise since 2016. The hike, attributed to inflation, will bring the maximum annual fee up to 9,535 pounds (12,335 U.S.…
- NAIROBI, Kenya, Nov 5 – CPF Financial Services has introduced the Taifa Pension Fund, a new pension scheme targeting Kenya’s unpensionable workforce across both private and public sectors. The fund, managed by Standard Investment Bank, provides flexible retirement solutions for those without…
- By Maya Horgan Famodu NOV 5 – In the lead-up to the 2024 U.S. presidential election, one Africa-born figure stands out. A man who applies distinctly-African political strategies to the American landscape: Elon Musk. His influence, ranging from deregulation to a million-dollar-a-day sweepstakes,…
- NOV 5 – Boeing workers have voted to accept the aviation giant’s latest pay offer, ending a damaging seven-week-long walkout. Striking workers can start returning to their jobs as early as Wednesday, or as late as 12 November, the International Association of Machinists and Aerospace Workers (IAM)…
- NAIROBI, Nov. 5 (Xinhua) — Kenya’s exports to other African countries, boosted by increased shipment and strengthened bilateral relations, rose 26 percent in the first seven months of 2024, according to an economic report from the Central Bank released Monday. The apex bank said that the exports…
- NAIROBI, Nov. 4 (Xinhua) — For James Kariuki, a macadamia farmer in central Kenya since 1997, cultivating macadamia nuts has been a double-edged sword. While the crop promises high yields and potential income, the journey from harvest to market is fraught with challenges. Kariuki, like many of his…
- NAIROBI, Kenya, Nov 4 — Real estate firm Jabavu Village Limited (JVL) has refuted claims of delays in the construction of Ngara’s Jevanjee Housing Estate, asserting that the affordable housing project remains on track and financed through legally approved channels. JVL Managing Director Abdulkadir…
- DAR ES SALAAM, Nov. 4 (Xinhua) — The number of Chinese tourists visiting Tanzania’s tourist attractions has been on a remarkable rise since the end of the COVID-19 pandemic, a Tanzanian tourism official has said. Hassan Abbasi, permanent secretary in the Ministry of Natural Resources and Tourism,…
- NAIROBI, Kenya, Nov 4 – The pirated sports streaming site “score808.US” has been shut down in Nairobi following a coordinated operation by the Kenya Copyright Board (KECOBO) and the National Police Service. The raid, conducted in Makadara Subcounty on October 29, targeted the site for unauthorized…
- ANKARA, Nov. 4 (Xinhua) — Türkiye has launched a tax compliance initiative targeting small and medium-sized enterprises (SMEs) to strengthen budget stability and curb unregistered economic activity. The move, part of a broader effort to improve public finances, follows recent crackdowns on…
- NAIROBI, Kenya, Nov 4 – Four State Agencies have jointly resolved to acquire modern scanner technology for Kenya’s border points, aiming to streamline operations and boost revenue at all ports of entry. The agencies—Kenya Bureau of Standards (KEBS), Kenya Ports Authority (KPA), Kenya Revenue…
- NAIROBI, Kenya, Nov 4 – French-owned hotel brand Novotel has expanded into Nairobi’s Westlands area with a new property featuring 347 rooms and suites, designed for travelers seeking adventure, relaxation, and business convenience. This latest addition to Accor’s portfolio introduces a distinct…
- NOV 4 – Major carmakers in China and Germany have expressed their opposition to the European Union’s decision to impose additional tariffs on China-made electric vehicles, which they said is protectionist and harmful. The newly added tariffs, which are already in place and will be valid for five…
- NAIROBI, Kenya, Nov 4 – Kenya has emerged as the country where individuals spend the most time on social media, a new report has revealed. The GWI report compiled by Cable.co.uk revealed that most Kenyans spend an average of three hours and 43 minutes daily. This is against the global average of…
- NAIROBI, Kenya, Nov 4 – The Kenya National Chamber of Commerce and Industry (KNCCI) has appointed Ahmed Farah, former Country Director of TradeMark Africa (TMA) Kenya, as its new CEO. Farah takes over from Patrick Nyangweso, who held the position since April 2023. During his tenure at TMA, Farah…
- LONDON, Nov. 4 (Xinhua) — The British government has announced a 2-billion-pound (about 2.59-billion-U.S. dollar) reduction in its Official Development Assistance (ODA) budget, reducing foreign aid spending from 0.58 percent of Gross National Income (GNI) in 2023 to 0.5 percent in the upcoming…
- NOV 4 – Environmental campaigner Julie Bolthouse points out that Northern Virginia has the world’s largest concentration of data centres. This is not something she is thrilled about. “We’re the Wall Street of the data centre industry,” says Ms Bolthouse, who is a director of local Virginian charity…
- VIENNA, Nov. 4 (Xinhua) — Eight member countries of the OPEC+ oil-producing group anounced on Sunday to further extend their voluntary output cuts by a month, pushing the reductions through the end of December in response to ongoing weak oil prices. OPEC+ comprises the Organization of the Petroleum…
- NAIROBI, Kenya, Nov 4 – Uber has partnered with Safaricom to provide free data bundles to drivers, delivery partners, and riders using the Uber and Uber Eats apps. In this arrangement, Safaricom has zero-rated the Uber apps, allowing free access with Uber covering the costs. This collaboration also…
- NAIROBI, Kenya, Nov 4 – Kenyan recruitment platform BrighterMonday has teamed up with ed-tech company Arifu to launch the #BeaBossLady initiative, a program designed to support and empower women aged 18-35 across Kenya, Uganda, and Nigeria. This innovative program offers free, tailored micro-…
- TOKYO, Nov. 4 (Xinhua) — The Japanese government is unlikely to present its planned cybersecurity bill by the end of this year due to political uncertainties following the recent general election, Kyodo News reported Sunday, citing government sources. Initially intended for the autumn parliamentary…
- NAIROBI, Kenya, Nov 4 – Tourism stakeholders are urging the government to lower taxes in the sector, especially as the festive season approaches, to boost tourist numbers. At a Tamarind Tree Hotel event, General Manager John Musau advocated for reduced levies on services like game drives, which he…
- NOV 3 – Chidinma Emeneka is struggling to keep her business afloat amid power outages in Lagos. The reception is poorly lit and a small fan barely moves the humid air as staff at Chidinma Emeneka’s laundry service in Nigeria’s commercial capital, Lagos, wait for the generator to kick in. It roars…
- BEIJING, Nov. 3 (Xinhua) — Amid growing competition in artificial intelligence (AI) development, experts attending the 2024 Beijing Forum have emphasized the need to enhance the collaboration between China and the United States in the field of AI. China and the United States are among the leading…
- NOV 3 – Residents of Nairobi City will soon enjoy increased supply of clean drinking water as the Northern Collector Tunnel in Murang’a is near completion, President William Ruto has announced. He said the 11.8km tunnel will bring 140,00 cubic meters of additional water to the capital city daily, a…
- NOV 3 – Bitcoin underpins a two trillion-dollar cryptocurrency industry, is now traded by the world’s biggest investment houses and is even an official currency in one country. But despite its meteoric rise, a deep mystery remains at its heart: what is the true identity of its founder, the elusive…
- NAIROBI, Kenya, Nov 3 – As of June 30, 2024, the Kenya Revenue Authority (KRA) received 8 million tax returns, exceeding its target by 26%, President William Ruto revealed during the Taxpayers’ Day awards on Friday. President Ruto commended Dr. Lillian Nyawanda, Commissioner of Customs and Border…
- ACCRA, Nov. 2 (Xinhua) — Ghana on Friday launched its first 5G network to boost the country’s digital transformation and economic growth. The 5G network was built by Next-Gen InfraCo, a consortium of telecommunication service companies, which received exclusive rights for 10 years to roll out 5G…
- NAIROBI, Kenya, Nov 2 – The Treasury has proposed a 6 percent Significant Economic Presence Tax (SEPT) targeting digital firms in Kenya, including ride-hailing, food delivery platforms, and freelance services. SEPT aims to replace the current Digital Service Tax, increasing the rate from 1.5…
- NOV 2 – Jobs growth in the US slowed sharply in October as hurricanes and strikes disrupted the economy. Employers added 12,000 jobs last month, much lower than the 223,000 created in September, according to the Labor Department. But while hiring slowed, the unemployment rate held steady at 4.1%.…
- NAIROBI, Kenya, Nov 2 – The Kenya Revenue Authority (KRA) has recovered Sh4.22 billion through public reports of corruption and tax evasion submitted on its iWhistle platform. During the Taxpayers’ Day awards on Friday, President William Ruto announced that 883 cases of malpractice were reported,…
- NAIROBI, Kenya, Nov 2 – The persistent challenges surrounding women’s access to land, credit, and technology in agribusiness were brought to the forefront today at the Women in Agribusiness Leadership Summit 2024 (WIAS). NARK Kenya Chairperson Marth Karua highlighted the systemic barriers that…
- NAIROBI, Kenya Nov 2 – Pan African asset finance solutions provider Watu has scored a milestone by selling more than one million mobile devices in the Kenyan market. Through its Watu Simu subsidiary and in partnership with device manufacturers such as Samsung Mobile, the firm achieved a rare feat…
- NAIROBI, Kenya Nov 2 – G20 Ministers have called for urgent reforms in Multilateral Development Banks (MDBs) and global debt structures for increased support to African countries most hit by climate change and economic instability. The finance ministers approved a roadmap for MDB reforms aimed at…
- DAR ES SALAAM, Nov2 (Xinhua) — The central bank of Tanzania on Friday reiterated its move to withdraw old Tanzanian shilling banknotes from circulation. Ilulu Ilulu, acting director of currency management at the Bank of Tanzania (BoT), said the withdrawal of the old banknotes will be conducted from…
