- NAIROBI, Kenya, Oct 30 – Kenya declined slightly from fifth to sixth position on African states overall trade prospects, according to recent findings from the Stanbic Bank Africa Trade Barometer (SB ATB). The report highlights concerns over fiscal policy changes and social unrest, notably stemming…
- SAN FRANCISCO, Oct. 30 (Xinhua) — Alphabet Inc., Google’s parent company, on Tuesday reported its third-quarter revenue at 88.3 billion U.S. dollars, up 15 percent from a year ago. Announcing its financial results for the quarter ending Sept. 30, the company said its net income was 26.3 billion…
- NAIROBI, Kenya, Oct 29 – The Salaries and Remuneration Commission has initiated monitoring and evaluation visits across Kenya’s 47 counties to ensure compliance with its remuneration and benefits guidelines. The SRC states that the visits, which began on October 27 and will conclude on December 13…
- OCT 30 – Tatu City has launched one of Kenya’s largest outdoor gyms, open to the public at no cost. Located in City Park near Unity Homes, the 5,000-acre development offers residents and visitors a fitness hub equipped with advanced workout machines such as sky steppers, health walkers, and rowers…
- GENEVA, Oct. 29 (Xinhua) — With slow growth, high debt, and weak investment and trade deepening the divide between industrialized and developing nations, the United Nations Conference on Trade and Development (UNCTAD) has called for a fundamental rethink of global development strategies. In its “…
- NAIROBI, Kenya, Oct 29 – The Supreme Court has overturned a Court of Appeal (CoA) decision that had declared the Finance Act 2023 unconstitutional. The seven-judge bench, led by Chief Justice Martha Koome, ruled that Parliament adhered to public participation requirements when drafting the Finance…
- OCT 29 – The surging global popularity of TikTok has seen the co-founder of its parent company, ByteDance, become China’s richest person. According to a rich list produced by the Hurun Research Institute, Zhang Yiming, is now worth $49.3bn (£38bn) – 43% more than in 2023. The 41 year old stepped…
- NAIROBI, Kenya, Oct 29 – The African Export-Import Bank (Afreximbank) aims to boost local trade through the upcoming African Sub-Sovereign Governments Network (AfSNET) Conference, set to take place in Kisumu from November 25-27. The event, organized in collaboration with the United Cities and Local…
- NAIROBI, Kenya, Oct 29 – Stanbic Bank has launched two premium credit cards, the Stanbic World Elite Card and the Stanbic World Card, aimed at affluent clients through a partnership with Mastercard. The cards are designed to enhance the banking experience for high-net-worth individuals (HNWIs) with…
- NAIROBI, Kenya, Oct 29 – National Assembly Majority Leader Kimani Ichungwah has called on the Kenya Private Sector Alliance (KEPSA) to restore public trust in economic policies, highlighting the private sector’s potential in driving job creation and enhancing Kenya’s global competitiveness.…
- NAIROBI, Kenya, Oct 29 – Kenya Power has returned to profitability, recording Sh30 billion in earnings for the full year ending June 2024, recovering from a net loss of Sh3.19 billion in the previous year. This was driven by increased electricity sales and reduced finance costs due to a stronger…
- OCT 29 – After a long wait, Apple has finally released its artificial intelligence (AI) tools for iPhone – to a select few. Apple Intelligence, a suite of AI tools announced in June, became available to owners of some iPhones around the world on Monday. The new features include notification…
- OCT 29 – US banking giant JP Morgan Chase, is suing customers who allegedly took advantage of a glitch by illegally withdrawing thousands of dollars from its ATMs. The “infinite money glitch”, as it became known on TikTok, allowed the bank’s customers to write a large cheque to themselves, deposit…
- NAIROBI, Kenya, Oct 29 – KenGen net profit for the full year ending June 2024 expanded by 35 percent to Sh6.8 billion on improved geothermal and hydroelectric revenues. In 12 months to June last year, the power produced profit after tax stood at Sh5 billion. KenGen Managing Director and CEO Peter…
- TOKYO, Oct. 29 (Xinhua) — Meta Platforms Inc., the parent company of Facebook and Instagram, is facing a fresh wave of lawsuits in Japan, with 30 plaintiffs seeking a total of 435 million yen (about 2.8 million U.S. dollars) in damages for losses tied to fraudulent investment ads using fake…
- NAIROBI, Kenya, Oct 29 – Google has committed Sh748.2 million ($5.8 million) this year to support foundational AI and cybersecurity training in Nigeria, Kenya, and South Africa. The funding will back organizations providing foundational AI skills for workers, educating teenagers on AI’s safe and…
- NEW YORK, Oct. 28 (Xinhua) — U.S. stocks ended higher on Monday, as investors anticipate a busy week of key economic data releases and quarterly earnings, especially from major tech companies. The Dow Jones Industrial Average rose 273.17 points, or 0.65 percent, to 42,387.57. The S&P 500 added…
- JOHANNESBURG, Oct. 28 (Xinhua) — Business confidence in South Africa has “notably” improved since the formation of its Government of National Unity (GNU), said the consulting firm PricewaterhouseCoopers (PwC), Monday. South Africa in June established the GNU consisting of 10 political parties after…
- DHAKA, Oct. 28 (Xinhua) — The Bangladeshi government will float soon open tenders for the construction of 10 solar power plants in the country, Chairman of the Bangladesh Power Development Board (BPDB) Md Rezaul Karim said here Sunday. He added that steps are underway to float tender in the first…
- NAIROBI, Kenya, Oct 28 – Airtel Africa has rebounded to profitability for the full year ending September, achieving Sh10.2 billion ($79 million) in profit, a 726.3 percent increase compared to a Sh1.7 billion loss during the same period in 2023. The turnaround is largely driven by strong growth in…
- By Otieno Panya OCT 28 – Kenya is at a critical juncture in its journey toward becoming a middle-income country. With the rising demand for social amenities, persistent budget constraints and ballooning public debt, the country needs to explore alternative financing options to fund its large…
- By Anthony Hutia OCT 28 – Samsung is making significant strides in the Kenyan market, by establishing innovative partnerships that are integrating artificial intelligence (AI) and advanced technology into the daily fabric of life. Through these innovative partnerships, Samsung is embedding itself…
- By Stephen Mutoro OCT 28 – The prevalence of gambling addiction among children and minors is a pressing issue that demands attention of all Kenyans. Ethical and social responsibilities of betting firms in safeguarding this vulnerable population from the harm of gambling addiction need not to be…
- OCT 28 – China has urged the United States to stop arming the Taiwan region and undermining peace and stability across the Taiwan Strait, vowing to take resolute measures to safeguard national sovereignty, security and territorial integrity. The Foreign Ministry made the remarks late on Saturday in…
- NAIROBI, Kenya, Oct 28 – Online brokerage firm HFM Kenya forecasts robust growth in Kenya’s banking, telecommunications, export, and renewable energy sectors in 2025, indicating favorable investment returns for stakeholders. However, the firm cautions that global uncertainties—such as geopolitical…
- OCT 28 – After handing the reins of power to Claudia Sheinbaum on 1 October, Mexico’s outgoing president, Andrés Manuel López Obrador, hoisted her arm aloft in a joint show of victory. López Obrador – a hugely popular but controversial figure in Mexico – bequeathed more than just the presidential…
- NAIROBI, Kenya, Oct 28 – A single dollar of digital investment could yield an $8.3 return in a country’s digital economy, according to Huawei’s Global Digitalization Index (GDI) unveiled at GITEX Dubai 2024. Developed in collaboration with the International Data Corporation (IDC), the GDI assesses…
- OCT 28 – McDonald’s is resuming sales of its Quarter Pounder burgers in all of its US restaurants after ruling out its beef patties as the source of an E. coli outbreak that left at least one person dead and dozens of others ill. The fast food giant said samples of its beef patties that […]
- NAIROBI, Kenya, Oct 28 – A new guidebook has been launched to help judicial officers and businesses navigate corruption-related issues. The Business Guide on Anti-Corruption and Economic Crimes Law in Kenya, developed by the Kenya Association of Manufacturers (KAM) in collaboration with the Kenya…
- OCT 27 – “Google essentially disappeared us from the internet.” It was June 2006 and the couple’s trailblazing price comparison website Foundem – one they had sacrificed well-paid jobs for and built from scratch – had just gone fully live. They didn’t know it at the time but that day, and those…
- NAIROBI, Kenya, Oct – The Capital Markets Authority (CMA) has granted regulatory approval to HF Group Plc to raise up to Sh6 billion through a Rights Issue. In a statement, the group announced that the approved rights will offer up to 1.5 billion new ordinary shares, which will be listed on the…
- OCT 26 – The government is under pressure to stop illegal meat being smuggled into the UK, amid warnings of a “foot-and-mouth” level crisis for British farmers. The amount of meat seized by Border Force officials has doubled in a year, according to data obtained by BBC News. The data suggests more…
- NAIROBI, Kenya, October 26 – Hexing Group has announced a $10 million (Sh1.29 billion) investment to establish a local assembly line in Kenya for power products previously imported from its manufacturing plant in China. The funds will also support a new office in Nairobi, aimed at capturing…
- OCT 25 – Microsoft’s chief executive Satya Nadella earned $79.1m (£61m) last year, a rise of 63% compared to his compensation the year before. That was despite a request from Mr Nadella to reduce one element of his pay package because of cybersecurity flaws at the tech giant – which resulted in him…
- NAIROBI, Kenya, Oct 25 – Amsons Group, a Tanzanian conglomerate with interests in fuel and transportation, has launched a bid to acquire Kenya’s Bamburi Cement through its subsidiary Amsons Industries (K) Ltd. The group intends to invest over Sh23.5 billion to gain up to 100 percent ownership of…
- NAIROBI, Kenya Oct 25 – HACO Industries emerged as the overall winner in the Circular Economy Leadership Category at the Sustainable Packaging, Innovation and Circular Economy (SPICE) Awards held during the recently concluded Kenya Extended Producer Responsibility Organization 2nd Annual Circular…
- By Hasnain Noorani OCT 25 – My team recently had the privilege of attending the prestigious 31st Annual World Travel Awards Africa Gala 2024 held at the Diamonds Leisure Beach & Golf Resort in Diani. It was an evening that celebrated the best in African tourism and shone a spotlight on Kenya’s…
- NAIROBI, Kenya, Oct 25 – Panelists at the inaugural Kenya Anti-Financial Crime Summit emphasized that illicit fund flows within Kenya’s financial system led to Kenya’s placement on the Financial Action Task Force (FATF) grey list in February 2024. The greylisting has raised Kenya’s risk profile,…
- NAIROBI, Kenya, Oct 25 – Absa Bank Kenya, in partnership with the International Finance Corporation (IFC), a World Bank Group member, is set to train over 600 suppliers across Kenya on corporate procurement readiness. According to Charles Wokabi, Absa Bank Kenya’s Head of Sustainability and…
- NAIROBI, Kenya, Oct 25 – The KEMRI Wellcome Trust, in collaboration with the Aga Khan University’s Institute for Human Development (IHD), is set to recruit up to 25 students from institutions across Kenya for specialized training in medical research. The students will join the 2025 Postgraduate…
- NAIROBI, Kenya, Oct 25 – Depositors from 21 countries have added over 30,000 new seed samples to the Svalbard Global Seed Vault in Norway, marking one of the highest deposits since 2020, according to Crop Trust. The organization, dedicated to conserving crop diversity, noted this year’s additions…
- NAIROBI, Kenya Oct 25 – M-Kopa has now reached over 3 million customers in Kenya, sustaining more than 16,000 jobs, according to its 2024 Impact Report. The report based on Kenya’s transformative role in digital connectivity and financial inclusion showed that the company also boosted the local…
- NAIROBI, Kenya, Oct 25 – The 3rd Northern Kenya Impact Investment Conference, focusing on economic growth across 10 counties, will be held from October 29 to 30, 2024, in Nairobi. Organized by USAID Kuza, this event aims to connect local enterprises with potential investors to drive sustainable…
- BEIJING, Oct. 25 (Xinhua) — The People’s Bank of China (PBOC) and the Bank of Japan have agreed to renew their bilateral currency swap deal amounting to 200 billion yuan (about 28.13 billion U.S. dollars), or 3.4 trillion Japanese yen. The agreement will be valid for a three-year period and can be…
- NAIROBI, Kenya, Oct 25 – The High Court has temporarily halted the Sh96 billion deal between the Energy Ministry and Adani Energy Solutions Limited for the construction of electricity transmission lines and substations. Justice Bahati Mwamuye ordered that no further actions be taken on the…
- OCT 25 – Dettol has teamed up with the Ministry of Health to promote hand hygiene as part of Kenya’s Global Handwashing Day celebrations on October 15. The event, themed “Why Are Clean Hands Still Important?”, was held at Kenya Medical Training College (KMTC) Manza Campus in Machakos County. At the…
- NAIROBI, Kenya, Oct 25 – Rich Communication Services (RCS) messaging is set to transform communication across East Africa, with Kenya, Tanzania, and Uganda expected to see substantial adoption. A new whitepaper from global communications platform Infobip projects that RCS traffic across Africa and…
- NAIROBI, Kenya, Oct 25 – The Human Resource Management Professionals Examinations Board (HRMPEB) has gazetted and certified over 700 HR professionals. During the certification ceremony, HRMPEB Chairperson Commissioner CS Sharon Kisire highlighted the need for continuous professional development to…
- OTTAWA, Oct. 24 (Xinhua) — The Canadian federal government announced an immigration levels plan on Thursday to pause population growth in the short term which will witness a population decline in 2025 and 2026. The population of Canada has been increasing each year since 1867 thanks to endless…
- OCT 25 – For years, Western critics have dismissed Brics as a relatively inconsequential entity. But this past week, at its annual summit in Russia, the group triumphantly showcased just how far it has come. Top leaders from 36 countries, as well as the UN Secretary General, attended the three-day…
