- NAIROBI, Kenya, July 30 – Centum Investment Company profit after tax for the full year ended March this year grew to Sh2.5 billion, an improvement from a net loss of Sh9 billion during a similar period in the preceding fiscal year. Centum Group CEO James Mworia attributed the growth to improved…
- NAIROBI, Kenya, July 30 – NCBA has announced that it will waive monthly account maintenance fees for its retail banking customers, effective July 1, 2024. The lender says the move is anchored on enhancing customer satisfaction and adapting to the evolving economic landscape. This change will apply…
- NAIROBI, Kenya, July 30 – Kenya and Uganda have held discussions on the possible extension of the petroleum products pipeline from Eldoret to Kampala, Uganda. This follows a meeting that was held last week between Uganda’s Minister of Energy and Mineral Development Ruth Ssentamu and Kenya’s…
- NAIROBI, Kenya, July 30 – Gem Forest Hotel Nairobi, MGallery’s flagship project, has reiterated its commitment to sustainability ahead of its full opening in September. Its director, Jigar Patel, emphasized a commitment to environmentally friendly practices that align with Kenya’s growing…
- JULY 30 – More ScotRail workers are being balloted for strike action following a “miserly” pay offer. The TSSA is balloting 500 members, many in managerial and technical roles. The union has warned of a “summer of discontent” for passengers on Scotland’s railways. It is the fourth transport union…
- NAIROBI, Kenya, July 30 – Land prices in Nairobi’s satellite towns recorded double-digit growth in the last year, outperforming suburb areas. The latest Q2 HassConsult, a real estate firm, Land Price Index shows that an acre of land in Juja grew by 20.1 percent to Sh21.7 million. It was followed by…
- JULY 30 – Air New Zealand has abandoned a 2030 goal to cut its carbon emissions, blaming difficulties securing more efficient planes and sustainable jet fuel. The move makes it the first major carrier to back away from such a climate target. The airline added it is working on a new short-term…
- NAIROBI, Kenya, July 30 – The East African Breweries Limited (EABL) profit after tax dropped by 12 percent to Sh10.9 billion in the full year ending last month, weighed down by rising inflation, shilling devaluation, social unrest, and floods. This was a slight drop from Sh12.32 billion in the full…
- NAIROBI, Kenya, July 30 – Jaza Discounter Supermarket chain opened two new outlets in Mirema and Greatwall Athi River as it aggressively expands its network in Nairobi. This comes in the wake of the retailer opening branches in Buruburu Epren Centre and Donholm just last month. Willy Kimani,…
- NAIROBI, Kenya, Jul 29 – The government has urged both the Tea Board of Kenya (TBK) and Kenya Tea Development Agency (KTDA) to provide details of all unsold tea held at the Mombasa auction to avoid a possible delay in payments to farmers. This is after reports indicated that 20 million kilograms of…
- WASHINGTON, July 30 (Xinhua) — The U.S. federal government’s total public debt has surpassed 35 trillion U.S. dollars for the first time, again sparking concerns about the naiton’s escalating debt problem and its implications for the U.S. economy. The total public debt outstanding climbed to 35…
- NAIROBI, Kenya, July 29 – President William Ruto has appointed Joe Owaka Ager to be the new Chairperson of the Board of Directors of the Pyrethrum Processing Company of Kenya (PPCK). According to a gazette notice dated July 25, 2024, Owaka will serve in the said position for a period of 3 years…
- NAIROBI, Kenya, July 29 – Businessman Balvinder Kishori Lal Sahni has acquired a majority shareholding in Securex Agencies Limited, a Kenyan firm that provides security services as well as equipment and accessories. The additional stakes have been acquired through Securex Invstments Limited, which…
- JULY 29 – What do an Italian communist student of mime, a toddler with an eye for a ball and a comedian who jokes about nothing have in common? They all went on to become members of a very select global club. Miuccia Prada, Tiger Woods and Jerry Seinfeld are among about 2,800 people on […]
- NAIROBI, Kenya, July 29 – Kenya is looking to grow the number of tourist arrivals from the Kenyans in the diaspora. The Kenya Tourism Board (KTB) seeks to achieve this through a tourism marketing campaign aimed at rallying Kenyans living abroad to support the nation’s tourism industry. Unveiled on…
- MANILA, July 29 (Xinhua) — The Philippines’ Department of Budget and Management (DBM) on Monday submitted the proposed 2025 budget or national expenditure program (NEP) to the House of Representatives for scrutiny. Budget Secretary Amenah Pangandaman said the proposed 2025 budget amounts to 6.352…
- NAIROBI, Kenya, July 29 – The Competition Authority of Kenya (CAK) has approved an acquisition of Kwale Titanium’s parent company, Base Titanium Limited, by EFR Australia PTY Limited. EFR Australia PTY Limited is an Australian-based company that is wholly owned by Energy Fuels Inc. (EFI), a firm…
- JULY 29 – The chancellor is set to announce immediate cuts worth billions of pounds, aimed at plugging a £20bn black hole in the finances, when she addresses Parliament on Monday. Rachel Reeves’ plans are expected to include the cancellation of some road and rail projects, a reduction in spending…
- NAIROBI, Kenya, July 29 – The funding for Kenya Power’s Last Mile Connectivity Project (LMCP) has received a Sh1.85 billion boost from the Japan International Cooperation Agency (JICA). The grant will be used to connect power to 9,121 households in Nakuru, Kilifi, Kwale, and Nyandarua under Phase V…
- NAIROBI, Kenya, July 28 – The Central Bank of Kenya (CBK) has now announced that the ‘purpose of payment’ field option in online and mobile banking transactions will now be mandatory from next month. In a statement, the CBK stated that this new rule will apply to all Real Time Gross Settlement (…
- JULY 29 – Italy’s prime minister Giorgia Meloni has vowed to “relaunch” relations with China as she began her first visit to Beijing since taking office. Ms Meloni met Chinese Premier Li Qiang at the beginning of her five-day trip and signed a three-year plan to strengthen economic cooperation…
- NAIROBI, Kenya, Jul 28 – Stakeholders in Kenya’s human resource sector are calling on organizations across the country to integrate technology into their daily operations to enhance their HR practices. By leveraging innovations such as artificial intelligence and data analytics, the HR…
- NAIROBI, July 28 (Xinhua) — Chinese vehicle firm Chery on Saturday signed a partnership deal with Kenyan firm Afrigreen Automobile to build an assembly plant to produce electric vehicles (EVs) in the East African country. The event attracted a high-level delegation from east China’s Anhui Province…
- NAIROBI, July 28 (Xinhua) — Chinese vehicle firm Chery on Saturday signed a partnership deal with Kenyan firm Afrigreen Automobile to build an assembly plant to produce electric vehicles (EVs) in the East African country. The event attracted a high-level delegation from east China’s Anhui Province…
- JULY 28 – Venezuela’s battered economy is one of the key battlegrounds in Sunday’s presidential election, with President Nicolás Maduro hoping to convince voters that the country has turned the corner after years of strife. Thanks to his recent efforts to push down the cost of living, the outlook…
- TOKYO, July 28 (Xinhua) — The average price of a new condominium in central Tokyo in the first half of 2024 dropped 16.3 percent from a year earlier to 108.6 million yen (about 690,000 U.S. dollars), according to figures released by Japan’s Real Estate Economic Institute. The average unit price for…
- NAIROBI, Kenya, July 26 – Advertising spending in Kenya surged by Sh1 billion to reach Sh17 billion in the second quarter of 2024, according to the latest audience measurement and industry trends report released by the Communication Authority of Kenya (CA). This represents a 21 percent increase in…
- NAIROBI, July 27 (Xinhua) — The historic town of Gedi in the coastal region of Kenya has been inscribed on the World Heritage List by the United Nations Educational, Scientific and Cultural Organization (UNESCO), the National Museums of Kenya (NMK) said on Saturday. According to the NMK, this…
- NAIROBI, Kenya, July 24 – Former Bomet Governor Isaac Ruto has refuted allegations that he failed to pay a complainant, Nicholas Teeka, Sh5 million for 50 cattle supplied to Ruto’s ranch in 2022. In a statement, Ruto asserted that he paid for all the animals supplied to his farm as agreed hence the…
- JULY 27 – Airbus, the global aircraft manufacturer, has admitted the company is falling behind on its orders. Guillaume Faury, the company’s chief executive officer, said there are “bottlenecks” in the supply chain. “We have more demand than the ability to supply,” he said. Mr Faury was speaking at…
- NAIROBI, Kenya, July 27 – Betting firms integration into the Kenya Revenue Authority’s (KRA’s) tax system boosted revenue collection during the 2023/24 financial year. The taxman recorded a 26.2 percent growth in revenue collection from gambling activities, reaching Sh24.2 billion, up from Sh19.2…
- VIENNA, July 26 (Xinhua) — The International Atomic Energy Agency (IAEA) on Friday reiterated its concerns over the lingering “highly challenging” nuclear safety and security situation at the Zaporizhzhia nuclear power plant (ZNPP). IAEA Director-General Rafael Grossi noted in a statement the…
- RIO DE JANEIRO, July 26 (Xinhua) — Finance ministers and central bank presidents of the Group of Twenty (G20) concluded their third meeting Friday in Rio de Janeiro, adopting a joint communique that calls for a more just, stable, and efficient international tax system. “We acknowledge the urgency…
- NAIROBI, July 26 (Xinhua) — The China (Anhui)-Kenya Economic and Trade Conference was held on Thursday in the Kenyan capital of Nairobi to promote trade relations between the two sides. The event attracted a high-level delegation from east China’s Anhui Province, senior Kenyan government officials…
- JULY 26 – A week after a faulty update caused a global IT outage that grounded flights and knocked TV stations off-air, the boss of CrowdStrike has revealed nearly all systems are back online. In a post on LinkedIn, George Kurtz said “over 97%” of systems running its software were back online as of…
- NAIROBI, Kenya, July 26 – TotalEnergies and M-Gas have joined hands to enhance clean cooking accessibility in Kenya through a ‘Pay-as-You-Cook’ formula. Through the partnership, M-Gas will contribute its ‘Pay-as-You-Cook’ smart meters to its 400,000 households, which will be installed on…
- NAIROBI, Kenya, July 26 – The government will shortly be proposing changes to the relevant law to seal the loopholes that undermine the fight against corruption, President William Ruto has said. The President said the Executive will work together with the criminal justice system to ensure…
- By Amogh Wadwalkar JULY 26 – The rise of Information and Communication Technology (ICT) in Kenya, with mobile phones in nearly every hand and internet coverage growing nationwide, is driving a wave of innovation that’s reshaping everyday life. From how people access financial tools to the ways they…
- PARIS, July 26 (Xinhua) — TGV high-speed train traffic on France’s Atlantic, Northern and Eastern routes was severely disrupted due to arson attacks aimed at damaging installations, the French national rail company SNCF announced on X Friday morning. According to the SNCF, 800,000 passengers were…
- NAIROBI, Kenya, July 26 – The Director General of the Energy and Petroleum Regulatory Authority (EPRA) has been nominated to lead a 13-member steering committee of the Regulatory Energy Transition Accelerator (RETA) as Chair. Kiptoo will oversee a team that works with energy regulators to…
- NAIROBI, Kenya, JULY 26 – Facebook and WhatsApp have emerged as the leading social media platforms among Kenyans, according to the latest Audience Measurement and Industry Trends report released by the Communication Authority of Kenya (CA). Video-sharing platforms TikTok and YouTube closely follow…
- JULY 26 – OpenAI is working on adding new powers to its artificial intelligence (AI) bot, as it seeks to edge out Google as the go-to search engine. The company said it was trialling a search feature that incorporates real-time information into its ChatGPT product, allowing the bot to respond to…
- NAIROBI, Kenya, July 26 – Google says that it is committed to making artificial intelligence (AI) helpful for businesses by conducting training for business owners. This was said during an AI in Action event yesterday and follows the recent unveiling of the Gemini AI platform, which Google believes…
- JULY 26 – Major video game makers – like Activision, Warner Bros and Walt Disney – are facing a strike by Hollywood performers over the use of artificial intelligence (AI). It follows a year and half of talks over a new a contract between the companies and a union representing more than 2,500 video…
- ST. PETERSBURG, July 25 (Xinhua) — As of July 1, about 1.86 million passenger cars of Chinese brands were registered in Russia, accounting for 4 percent of the total, according to a report released by Russia’s analytical agency Autostat on Thursday. Chery is the most popular Chinese car brand in…
- NAIROBI, Kenya, July 26 – Climate change has made extreme weather events like drought, higher temperatures, and heavy rainfall become common and severe in Kenya, the Kenya Meteorological Department has said. In a report on climate change impacts in Kenya, the weatherman said that climate change…
- NAIROBI, Kenya, July 26 – Safaricom shareholders have approved a Sh0.65 dividend per share, amounting to Sh26.04 billion for the financial year ended March 31, 2024. This follows an interim dividend of Sh0.55 per share, totalling Sh22.04 billion, paid in March 2024. The company’s total dividend…
- Nairobi, Kenya, [26/7/2024] – Xiaomi Kenya proudly introduces the Redmi A3x, a masterpiece of modern design and cutting-edge technology. This innovative smartphone, with its stunning glass back and ultra-smooth 6.71” 90Hz display, is set to elevate your user experience to new heights. Sleek Glass…
- July 25 – India’s card payments market is expected to experience substantial growth in 2024, with a forecasted increase of 11.3%, reaching Rs 28.4 trillion (USD 344 billion), according to GlobalData, a data and analytics company. This growth is driven by a rising consumer preference for non-cash…
- CAIRO, July 25 (Xinhua) — Egypt raised pump prices for gasoline and diesel again on Thursday, the latest step in its economic reform program aimed at managing fuel subsidies, the Ministry of Petroleum and Mineral Resources said in a statement. The Fuel Automatic Pricing Committee adjusted prices…
