- NAIROBI, Kenya, Aug 11 — The Kenya Aviation Workers Union (KAWU) has announced an intended strike to protest the planned leasing of Jomo Kenyatta International Airport (JKIA) to a private operator. KAWU Secretary General Moses Ndiema said the union will present a seven-day strike notice on Monday…
- AUG 11 – Ministers are urging insurance firms to pay out quickly to businesses damaged by last week’s rioting. Business Secretary Jonathan Reynolds told the BBC he had written to the Association of British Insurers (ABI) to make sure companies “receive the cover that they are entitled to through…
- NAIROBI, Kenya, Aug 11 – Global provider of smart energy solutions, CHINT Global, has opened a new manufacturing plant at Graylands Industrial Park in Athi River, Machakos County. The latest factory is CHINT Group’s tenth overseas unit and second on the African continent. The facility will produce…
- AUG 11 – Susan Wojcicki, the former boss of YouTube and one of Google’s earliest employees, has died aged 56. Google’s chief executive Sundar Pichai announced that Ms Wojcicki had passed away after two years of living with lung cancer. Mr Pichai, who is also the boss of Google’s parent company…
- NAIROBI, Kenya, Aug 11 – The Ethics and Anti-Corruption Commission (EACC) has launched an investigation into allegations of forgery involving a senior medical social worker employed by the Wajir County Government. The case revolves around the alleged falsification of a Bachelor of Arts Degree in…
- NAIROBI,Kenya,Aug 11-Nairobi Governor Johnson Sakaja now says City Hall will build a perimeter wall around Toi Market to enhance security. According to the Nairobi County boss, city hall has set aside Sh100 million to help with the reconstruction of the market. Sakaja, who spoke at a rally in Toi…
- NEW DELHI, Aug. 10 (Xinhua) — India’s foreign exchange (forex) reserves rose by 7.53 billion U.S. dollars to 674.91 billion U.S. dollars during the week ended August 2, revealed the official data released by the country’s central bank, the Reserve Bank of India (RBI) in its weekly supplement. This…
- ADDIS ABABA, Aug. 10 (Xinhua) — Ethiopian Airlines, the flag carrier of Ethiopia, and Dar Al-Handasah, an international consulting firm, signed an agreement Friday for the design and supervision of a new mega airport to be built near Bishoftu town, about 42 km east of the Ethiopian capital of Addis…
- NAIRIOBI, Kenya, Aug 10 – The Federation of Kenya Employers (FKE) has sought the clarification of the Kenya Revenue Authority on the status of July 2024 tax payments following a recent Court of Appeal ruling that declared the Finance Bill 2023 unconstitutional. In a letter to KRA Commissioner…
- ROME, Aug. 10 (Xinhua) — Italian exports decreased by 6.1 percent in value in June, compared to the same period last year, according to data released on Friday. Data from ISTAT, Italy’s National Statistics Institute, show that the sector with the most significant year-on-year decline was the motor…
- NAIROBI, Aug. 9 (Xinhua) — Kenya on Friday launched the National Biodiversity Coordination Mechanism to enhance conservation efforts. The goal of the mechanism is to facilitate and enhance the coordination of biodiversity-related activities and initiatives in the country, Festus Ng’eno, principal…
- NAIROBI, Kenya Aug 9 – 85 percent of Kenyan consumers are confident that their incomes incomes will grow next year due to enhanced debt management, according to a recent study by TransUnion. The latest ‘Consumer Pulse Study’ revealed Kenyan households experienced a modest financial rebound in the…
- BERLIN, Aug. 9 (Xinhua) — Germany’s inflation rate edged up slightly to 2.3 percent in July from 2.2 percent in June, according to data released by the Federal Statistical Office (Destatis) on Friday. Since falling to 2.2 percent in March from 2.9 percent at the start of the year, inflation in the…
- NAIROBI, Kenya, Aug 9 – The Founders Factory Africa (FFA), an African venture capital (VC) firm, has rebranded to 54 Collective. In a statement, the firm said that the change will be pivotal in supporting transformative technology ventures across the continent. According to 54 Collective CEO…
- AUG 9 – The stock index of the UK’s biggest publicly-listed companies edged higher on Friday after concerns eased over the state of the US economy. The FTSE 100, which is made up of the country’s biggest businesses including banks, airlines and housebuilders, rose in early trading. It follows…
- NAIROBI, Kenya, Aug 9 – The Salaries and Remuneration Commission (SRC) has released the Fourth Quarter Wage Bill Bulletin for the financial year 2023/2024, revealing that allowances and benefits make up the largest portion of public sector wage expenditures. The bulletin, which covers the period…
- NAIROBI, Kenya, Aug 9 – Businessman Jimi Wanjigi has taken legal action against the Director of Public Prosecutions (DPP) Renson Igonga and the Inspector General of Police (IG) Gilbert Masengeli following a raid on his Muthaiga residence on Thursday. In his lawsuit, Wanjigi accuses the IG and DPP…
- CAIRO, Aug. 8 (Xinhua) — Hisense Group, a Chinese multinational major appliance and electronics manufacturer, in partnership with the United Arab Emirates’ FBB TECH company, signed on Thursday a land lease contract with Egypt-TEDA SEZone Development Company to build a new factory in the China-Egypt…
- NAIROBI, Kenya, Aug 9 – Manufacturing exhibitors from Africa, Asia, and Europe are congregating in Nairobi for the 8th edition of the Agro-Food Pack exhibition. The expo is set to last for three days, hosting over 200 exhibitors from the three continents. Speaking during the event, Antony Mwangi,…
- NAIROBI, Kenya, Aug 9 – Manufacturing exhibitors from Africa, Asia, and Europe are congregating in Nairobi for the 8th edition of the Agro-Food Pack exhibition. The expo is set to last for three days, hosting over 200 exhibitors from the three continents. Speaking during the event, Antony Mwangi,…
- NAIROBI, Kenya, Aug 9 – Stanbic Bank has declared an interim dividend of Sh1.84 per share as profit grows to Sh7.2 billion in the half year ending June 2024. The lender, which has operations in Kenya and South Sudan, attributes a 2 percent growth in profit after tax to a surging net interest income…
- MOSCOW, Aug. 8 (Xinhua) — Russian President Vladimir Putin signed a law on Thursday, officially legalizing cryptocurrency mining in the country from November 2024, according to a document published on the government portal of legal information. Under the new law, legal entities and individual…
- AUG 9 – Delta Airlines has expressed frustration with CrowdStrike in a new letter on Thursday, as the two companies continue to trade jabs after last month’s massive global network outage. The US-based carrier accused the cybersecurity company of “negligence”, saying it was forced to cancel…
- HOUSTON, Aug. 9 (Xinhua) — U.S. construction startup ICON will finish the last few of its planned 100 3D-printed houses in Texas this summer, according to a Reuters report. ICON, which 3D-printed its first home in Austin, Texas in 2018, began printing the walls of what it says the world’s largest…
- NAIROBI, Aug. 9 (Xinhua) — Kenya seeks to leverage foreign funding and technology to boost the mining sector, a government official said Wednesday. Through international partnerships, the contribution of the mining sector can expand from the current 0.7 percent of the country’s gross domestic…
- NAIROBI, Kenya, Aug 9 – The Human Resource Management Professionals Examinations Board (HRMPEB) is currently administering the third series of examinations for the CBET Diploma and Certificate in HRM. The exams, which started on August 7 and end today, are being conducted nationwide at Sigalagala,…
- NAIROBI, Kenya, Aug 9 – The Human Resource Management Professionals Examinations Board (HRMPEB) is currently administering the third series of examinations for the CBET Diploma and Certificate in HRM. The exams, which started on August 7 and end today, are being conducted nationwide at Sigalagala,…
- NAIROBI, Kenya, Aug 9 – The Human Resource Management Professionals Examinations Board (HRMPEB) is currently administering the third series of examinations for the CBET Diploma and Certificate in HRM. The exams, which started on August 7 and end today, are being conducted nationwide at Sigalagala,…
- NAIROBI, Kenya, Aug 8 – Equity Bank Group has announced a Sh2.8 billion scholarship that will be paid for 113 students who have been admitted to top global universities. The Equity Leadership Program (ELP), a social arm of the bank, scholars have secured admissions in 71 international universities…
- TOKYO, Aug. 8 (Xinhua) — Tokyo stocks ended lower Thursday, as investors remain concerned about a possible recession in the U.S. economy. Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 258.47 points, or 0.74 percent, from Wednesday at 34,831.15. The broader…
- NAIROBI, Kenya, August 8 – The Jubilee Asset Management Limited has introduced a U.S. dollar-denominated fund to attract hard currency investment. The Jubilee Money Market Fund targets investors looking for stable and predictable greenback-tied returns. JAML says that the fund offers a short- to…
- KISUMU, Kenya Aug 8 – The Sugar Pricing Committee has come under fire for reducing the price of sugarcane based on the retail price of sugar. Francis Wangara, Secretary General of the Kenya Union of Sugarcane Plantation and Allied Workers (KUSPAW), warned that the new pricing announced yesterday…
- NAIROBI, Kenya, Aug 8 – Public Procurement Regulatory Authority, in partnership with GIZ and Strathmore University’s @iLabAfrica, has announced the launch of the upgraded Public Procurement Information Platform. The fully automated PPIP will be used for the publication of contract awards and tender…
- AUG 8 – South Korean technology tycoon, Kim Beom-su, who is also known as Brian Kim, has been indicted on charges of stock price manipulation. Kakao executives led by Mr Kim have been accused of buying large amounts of shares in K-pop agency SM Entertainment to inflate its stock price and undermine…
- AUG 8 – The compensation that egg donors receive will rise for the first time in over a decade in the UK, but people should not donate purely for the money, the fertility regulator has warned. It is illegal to pay someone for their eggs in the UK but compensation is paid to cover expenses. […]
- AUG 8 – Kenya’s President William Ruto must be feeling punch-drunk – after suffering another blow to his plans to raise taxes for his cash-strapped, debt-burdened government. After the recent widespread anti-tax protests – that saw parliament set alight – he bowed to public pressure and withdrew…
- MEXICO CITY, Aug. 8 (Xinhua) — Mexican President Andres Manuel Lopez Obrador said on Wednesday that 16.8 billion U.S. dollars were invested in a new refinery operating in southeast Mexico, with most of the funding derived from combating fuel theft. At his regular daily press conference, the Mexican…
- NAIROBI, Kenya, Aug 8 – Nairobi businesses are counting losses as anti-government demos pushing for good governance and calls for the resignation of President William Ruto start. A spot-check by Capital Business in the Central Business District (CBD) showed that a majority of businesses were closed…
- AUG 8 – Australian airline Qantas says it will slash the exit package of its former chief executive Alan Joyce after a series of scandals and costly legal cases that resulted from decisions made during his time in charge. The A$21.4m ($14m; £11m) payout Mr Joyce was due to get after leaving the…
- NAIROBI, Kenya Aug 7 – Ribbeck Law Chartered (RLC), a law firm based in the United States that is representing Kenyan as well as other families of the 2019 Ethiopian Airline’s Boeing 737 Max plane crash victims, is pushing for higher compensation. On July 24, 2024, the American plane maker…
- By Lydia Owuor AUG 7 – Property has no gender. However, historical records demonstrate entrenched gender biases in the ownership of property, heavily favouring men while marginalizing women’s rights and contribution. Over time, various movements and legal reforms have aimed to rectify these…
- AUG 7 – AGRA today engaged with 100 youth in agri-food systems on the effect of climate change and possible solutions. At the fourth meeting, the youth narrated new approaches that they have employed to reduce climate vulnerability in the country. This year’s event sought to empower young people…
- BERLIN, Aug. 7 (Xinhua) — Germany’s industrial production rose in June, driven by a surge in the automotive sector, according to the Federal Statistical Office on Wednesday. Overall industrial output increased by 1.4 percent compared to the previous month. The auto industry saw a significant…
- NAIROBI, Kenya Aug 7 – The Central Bank of Kenya (CBK) now projects Kenya’s forex market to remain stable despite reducing the lending rate to 12.75 percent. CBK governor Kamau Thugge affirmed that the Kenyan shilling-US dollar rates will remain stable despite higher interest rate differentials (…
- NAIROBI, Kenya, May 7 – Insurtech company mTek has teamed up with Buupass, an online travel booking platform, to provide travel insurance to travelers. In the agreement, customers will be able to select and purchase insurance coverage as part of their ticket booking process. According to mTek CEO…
- NEW DELHI, Aug. 7 (Xinhua) — Indian air carriers have resumed flight operations to Bangladesh’s capital Dhaka amid political turmoil in the neighbouring country, officials said Wednesday. The Indian carriers, including Air India, Vistara, and IndiGo, resumed their flight services to Dhaka briefly…
- NAIROBI Kenya, Aug 7 – The Central Bank of Kenya (CBK) Governor Kamau Thugge has said that the new banknotes to be replaced will be printed by a German firm after De La Rue exited the country last year. Thugge clarified that the objective of the replacement is to replace old denominations with new…
- AUG 7 – Elon Musk’s X/Twitter is suing a group of major companies, alleging that they unlawfully conspired to boycott the site. It accuses the food giants Unilever and Mars, private healthcare company CVS Health, and renewable energy firm Orsted – along with a trade association called the World…
- NAIROBI, Kenya, August 7 – The Commission of Administrative Justice has summoned the Kenya Universities and College Central Placement Service (KUCCPS) CEO for failing to make public universities and colleges placement results proactively. In a letter dated 6th August, which was directed to the…
- TOKYO, Aug. 7 (Xinhua) — Japan’s benchmark Nikkei briefly jumped over 1,100 points, or 3 percent, as the yen fell to the lower 147 range against the U.S. dollar Wednesday morning. Tokyo stocks fluctuated wildly in morning trade by opening sharply lower as investors locked in profits after the…
