- NAIROBI, Kenya, Aug 7 – The Central Bank of Kenya (CBK) has made some changes to Kenya’s banknotes with four additional features. The new notes bear the signatures of CBK Governor Kamau Thugge and National Treasury PS Chris Kiptoo. Additionally, they will be printed with a 2024 as well as the…
- NEW YORK, Aug. 7 (Xinhua) — Top election officials from five U.S. states urged Elon Musk, the billionaire owner of social media platform X, to immediately fix an artificial intelligence (AI) chatbot on the platform, blaming it for spreading election misinformation. In a letter sent on Monday,…
- RIYADH, Aug. 7 (Xinhua) — Saudi Arabian Oil Company, commonly known as Saudi Aramco, announced Tuesday that it delivered a strong performance in the first half of this year with a net income of 56.3 billion U.S. dollars. It also registered a cash flow from operating activities of 64.7 billion…
- AUG 7 – The 2024 summit for the Forum on China-Africa Cooperation, scheduled for September in Beijing, will inject vitality into bilateral relationships between China and Kenya that have spanned over six decades, prime cabinet secretary Musalia Mudavadi has said. Mudavadi made the remarks yesterday…
- AUG 6 – US shares opened higher on Tuesday as an uneasy calm returned to markets after days of wild swings. The technology-heavy Nasdaq, the Dow Jones Industrial Average and the S&P 500 all saw early gains. It followed subdued trading in the UK and Europe with London’s FTSE 100 initially rising…
- NAIROBI, Kenya, Aug 6 – The Central Bank of Kenya’s (CBK’s) Monetary Policy Committee (MPC) has cut its base rate to 12.75 percent in August, cutting the cost of taking credit from financial institutions. In a meeting held today, the committee noted that the previous rate of 13 percent helped cool…
- ANKARA, Aug. 6 (Xinhua) — Turkish Treasury and Finance Minister Mehmet Simsek said Tuesday that the government projects that annual inflation will ease to 40 percent by the end of the year. “As of now, we believe that the course of inflation is in line with our projections and that we will close…
- NAIROBI, Kenya Jul 6 – Stakeholders in the driving school sector have urged the National Transport and Safety Authority (NTSA) to ensure that drivers undergo refresher training before their licenses are renewed in efforts to curb road accidents. Led by Topride driving school chairman Richard Boro,…
- AUG 6 – Elon Musk has said in a post on X, formerly known as Twitter, that he has “no choice” but to move the flagship office of the social platform out of San Francisco. The post was in response to a New York Times report about an email from X chief executive Linda Yaccarino […]
- NAIROBI, Kenya Aug 6 — Meta has announced the launch of two new monetization features for eligible creators in Kenya: In-Stream Ads on Facebook and Facebook Ads on Reels. These features will enable creators to earn money by producing original videos and building their community. Moon Baz, Global…
- NAIROBI, Kenya, Aug 6 – National carrier Kenya Airways (KQ) and Safaricom have partnered to bolster innovation in digital solutions to boost operational efficiency, cybersecurity, and customer experience. The partnership will focus on an array of areas, including enhancing connectivity across Kenya…
- AUG 6 – Stock markets in Europe remained unsettled on Tuesday despite a rebound in Japan which almost reversed record falls at the start of the week. London’s FTSE 100, along with stock markets in Paris and Frankfurt, opened higher but soon slid back. Overnight, Japan’s Nikkei 225 stock index…
- AUG 6 – It seems like not a day goes by without billionaire Elon Musk making headlines. The boss of X (formerly Twitter), Tesla and SpaceX is the world’s richest person and has used his platform to make his views known on a vast array of topics. He has also charged ahead with human brain chip […]
- NAIROBI, Kenya, July 6 – Businessman Yagnesh Devani, who is the main suspect in the Sh7.6 billion Triton Oil scandal, is set to be arraigned in court following his arrest by officers from the Ethics and Anti-Corruption Commission (EACC). According to the commission, Devani, who was apprehended at…
- NAIROBI, Kenya Jul 6 – The University of Nairobi (UoN) has disputed claims that the Council of Legal Education (CLE) has refused to accredit its Master of Laws (LLM) program. According to Winifred Kamau, dean of the university’s faculty of law, the Masters of Law program and other postgraduate…
- CANBERRA, Aug. 7 (Xinhua) — A plan by the Australian government to cap international student numbers in higher education could cost 14,000 jobs and billions of dollars, the peak body for universities has said. Universities Australia Chief Executive Luke Sheehy told a senate inquiry on Tuesday that…
- NAIROBI, Kenya, Aug 6 – Kenyan vehicle manufacturer Mobius Motors is set to close Kenyan business after its shareholders approved plans to place the firm under liquidation. The automaker also appointed KVSK Sastry as the liquidator to help in the winding up of the company. Liquidation involves the…
- AUG 6 – Japanese shares rebounded in Tuesday morning trade after plunging on Monday in a rout that sent shockwaves through global financial markets. The Nikkei 225 stock index rose by as much as 10% after slumping by over 12% the previous day. Monday’s market rout in Tokyo came after the Bank of…
- AUG 6 – A US judge has ruled Google acted illegally to crush its competition and maintain a monopoly on online search and related advertising. The landmark decision on Monday is a major blow to Alphabet, Google’s parent company, and could reshape how technology giants do business. Google was sued…
- NAIROBI, Kenya, Aug 5 – The election of John Chebochok as Director of Tegat Tea Factory has been annulled, according to Agriculture Principal Secretary Paul Ronoh. This follows nearly two months of uproar by civil society organizations, including Nguvu Change Leaders and the Coalition of…
- AUG 5 – US stock markets sank on Monday following nosedives in Asia and Europe as fears rise about slowing American economic growth. In the US, the S&P 500 slumped 4.1% as the tech-heavy Nasdaq plummeted 6.3%. In London, the FTSE 100 index fell by 2.8%. Earlier, Asian markets plunged, with…
- FRANKFURT, Aug. 5 (Xinhua) — German companies in the automotive industry have become more pessimistic about their business prospect, a survey published by a leading German think tank on Monday showed. The indicator designed to gauge the sentiment of companies in the automotive industry fell to…
- NAIROBI, Aug. 5 (Xinhua) — Kenyan President William Ruto on Monday signed into law the Supplementary Appropriations Bill that slashes the government’s expenditure by 145.7 billion shillings (about 1.12 billion U.S. dollars). The new bill, which the National Assembly passed on July 31 after the…
- ANKARA, Aug. 5 (Xinhua) — Türkiye will hold talks with Instagram officials on Monday after blocking access to the social media platform last week, the country’s Transport Minister Abdulkadir Uraloglu said. Uraloglu said a previous meeting with Instagram representatives had addressed Turkish…
- NAIROBI, Kenya Aug 5 – Xbox, a video gaming brand, now seeks to drive accelerated growth in the African video game industry after it recently concluded its 2024 Xbox Game Camp Africa. The two-day hybrid event, hosted physically in Johannesburg, South Africa, Casablanca, Morocco, and Nairobi, Kenya…
- NAIROBI, Kenya, Aug 5 – Private sector activities in Kenya last month saw a sharp decline, weighed down by Gen Z’s countrywide protests that disrupted business operations. Latest Stanbic Bank Kenya’s Purchasng Manager’s Index (PMI) shows that the country’s PMI in July dropped to 43.1 percent from…
- By Eddy Khavakali AUG 5 – In an era dominated by rapid technological advancements and digital transformation, the health insurance industry stands at a pivotal crossroads. While digitization profoundly impacts the healthcare sector, the human touch remains a fundamental element that continues to…
- NAIROBI, Kenya, Aug 5 – Microsoft has teamed up with Kenyan start-ups Zendawa and Flapmax to deploy AI-powered solutions in the health sector. The collaboration aims to significantly enhance the capabilities of small and medium enterprises (SMEs) in the pharmaceutical industry by improving access…
- By Joy Ojiambo AUG 5 – Traditionally, Corporate Social Responsibility (CSR) was often seen as a superficial gesture of corporate philanthropy, serving primarily to enhance public perception without substantial strategic alignment. However, in recent years, businesses have undergone a paradigm shift…
- NAIROBI, Kenya, Aug 5 – The Council of Governors (CoG) has commenced discussions with the Commission on Revenue Allocation (CRA) to review the proposed Fourth Basis for Revenue Sharing Among Counties Formula. CoG chairperson Anne Waiguru disclosed that the discussions are centered on ensuring that…
- NAIROBI, Kenya, Aug 5 – The government is on course to fulfill its promise of salary increase for prison officers and police personnel effective this month after 3.5 billion Shillings aimed at improving the terms and conditions of officers working in security organs was ring-fenced in the just…
- AUG 5 – Stock markets across Europe and Asia tumbled on Monday, spooked by fears that the US economy is heading for a slowdown. In London, the FTSE 100 index opened 2.3% lower while the Euronext 100 tumbled by 3.5%. They followed sharp falls across Asia with Japan’s Nikkei 225 dropping 12.4% or 4,…
- NAIROBI, Kenya, Aug 5 – British Virgin Islands firm Kingsbourne Assets Limited (KAL) will start making photocopy papers in Kenya after the Competition Authority of Kenya (CAK) approved a joint venture (JV) with Amstel Trading Company Limited. In the deal, the JV will establish a paper-converting…
- By Wilfred Chege AUG 5 – Access to essential medicine is a prerequisite for basic healthcare. Yet, patients in Africa, especially those among more vulnerable groups, often find it difficult to access the drugs that they need. As a result, it is estimated that the rate of deaths from communicable…
- LISBON, Aug. 5 (Xinhua) — Portugal is rapidly becoming a central player in global data interconnection, thanks to its unique 100-kilometer network infrastructure of submarine cables, Internet Exchange points, and data centers, according to a local news report on Sunday. Portuguese News cites a…
- NAIROBI, Kenya, Aug 5 – The Kenya Ports Authority (KPA) has acquired four more Rubber Tyred Gantry Cranes (RTGs) at the port of Mombasa. The Chinese-made cranes were received at the second container terminal, where they are awaiting commission. According to KPA managing director William Ruto, the…
- NAIROBI, Kenya, Aug 5 – President William Ruto has signed the Supplementary Appropriations Act as the government intensifies budget cuts amid new austerity measures. The move includes significant reductions across various sectors, with Sh6 billion slashed from the presidency, Sh6.9 billion from…
- CANBERRA, Aug. 5 (Xinhua) — Hybrid car sales in Australia have hit a record high as the market share of internal combustion engine (ICE) vehicles continues to decline, according to new data. The latest quarterly data published by peak industry body the Australian Automobile Association (AAA) on…
- NAIROBI, Kenya, August 5 – The ICEA Lions has revealed that respondents working in the manufacturing and education sectors have had the highest proportions of improved incomes in the second quarter of 2024. This was revealed by the Senior Portfolio Manager at ICEA LION Asset Management, Richard…
- AUG 4 – “Desperation” is behind a sharp rise in the number of reports of energy theft or meter tampering, according to a fuel poverty charity. There has been a nearly 50% increase in reports to Crimestoppers but the charity estimates up to 250,000 cases of energy theft go unreported every year. “It…
- NAIROBI, Kenya, August 4 – Despite being the majority, Kenyan youth have benefitted less from the robust economic development the country has experienced in the last decade. According to a state of the Kenya population released by the National Council for Population Development (NCPD), the state…
- AUG 4 – The US government has filed a new lawsuit against TikTok, accusing the social media company of unlawfully collecting children’s data and failing to respond when parents tried to delete their children’s accounts. The Department of Justice said the firm’s practices amounted to a “massive-…
- NAIROBI, Kenya, Aug 2 — The rising unemployment rate in the United States is likely to have significant ripple effects in Kenya, according to HFM Market analysts. HFM market analyst Dennis Mwenga indicated that the US Federal Reserve is expected to cut interest rates in September to stimulate job…
- NAIROBI, Kenya, Aug 2 — The rising unemployment rate in the United States is likely to have significant ripple effects in Kenya, according to HFM Market analysts. HFM market analyst Dennis Mwenga indicated that the US Federal Reserve is expected to cut interest rates in September to stimulate job…
- LOS ANGELES, Aug. 3 (Xinhua) — Hawaii Governor Josh Green on Friday announced a settlement totaling over 4 billion U.S. dollars to resolve hundreds of lawsuits filed after last year’s deadly wildfires which claimed over 100 lives on the Hawaiian island of Maui. “Less than a year after devastating…
- Nairobi, Kenya, Aug – Friends of Oloolua Forest (FoOF) and Public Interest Litigation and Advocacy for the Environment (PILAE) have partnered to address a case of land grabbing that has put 66 acres of the gazetted and protected Oloolua Forest at risk, sparking public outcry. According to the…
- NAIROBI, Kenya, August 3 – EatOut and Beans is How have announced the launch of the #BeansOnTheMenu initiative in Nairobi, which aims to encourage restaurants across the city to incorporate beans in their dishes to encourage healthy eating. In a joint press statement, the two parties have stated…
- NAIROBI, Kenya, Aug 3 – Treasury Cabinet Secretary John Mbadi has advocated for the saving of ‘good provisions’ in the Finance Bill 2024 through amendments. Appearing before the National Assembly’s appointments committee, Mbadi further emphasised the need ‘intensive public participation’. Mbadi…
- NAIROBI, Kenya, Aug 3 – Treasury Cabinet Secretary nominee John Mbadi says raising taxes is not the solution to increasing revenue. Appearing before the National Assembly appointments committee, Mbadi instead advocated for Kenya Revenue Authority (KRA) capacity building to improve collection. Mbadi…
- BERLIN, Aug. 3 (Xinhua) — The number of completed dwellings residential units across Europe is set to decrease significantly, with 1.6 million units predicted by the end of 2024, an 8.5 percent drop from the previous year, according to the ifo Institute for Economic Research. Germany is expected to…
