- JULY 4 – Colleges in the United States are struggling financially, so much so that about one college is shutting its door every week on average this year, an analysis found. On June 10, the board of trustees at Pittsburgh Technical College, or PTC, announced that it will cease instruction at the…
- JULY 4 – Amazon founder Jeff Bezos says he will sell another 25 million shares in the technology giant, worth nearly $5bn (£3.9bn). It comes after the company’s stock market value hit a record high on Wednesday. In February, he announced that he would sell Amazon shares worth around $8.5bn. That…
- NAIROBI, Kenya, July 4 – The Kenya Ports Authority (KPA) has announced the arrival of the first consignment of directly imported Ugandan fuel in the Port of Mombasa. The consignment was received yesterday at the new Kipevu Oil Terminal by the Principal Secretary of the State Department of Petroleum…
- JULY 4 – Thursday, 4 July 2024: On 7 July, the world will celebrate World Kiswahili Language Day, recognizing the global importance of Kiswahili in uniting communities across Africa. TikTok, known for inspiring creativity and spreading joy, has become a hub for practical solutions to real-life…
- ACCRA, July 3 (Xinhua) — The Ghanaian government has vowed to restore confidence in the economy by implementing the economic reforms that started in May last year with support from the International Monetary Fund (IMF). Minister of State at the Finance Ministry Abena Osei-Asare made this pledge…
- NAIROBI, Kenya, July 4 – Finlays Tea Company has called out for the removal of the Director of Toror Tea Factory, a KTDA factory, John Chebochok, following allegations of sexual harassment against women. In a letter directed to the Kenya Tea Development Association’s (KTDA’s) senior management,…
- NAIROBI, Kenya, July 3 – Tourism and Wildlife Cabinet Secretary Alfred Mutua has stated that the sector has been recording high bookings despite the on-going protests witnessed across various parts of the country. CS Mutua said the trends in new bookings have been on the rise, with only a few…
- ANKARA, July 3 (Xinhua) — Türkiye’s annual inflation rate decreased in June for the first time in eight months, falling to 71.6 percent, down from 75.45 percent in May, in line with government expectations, official data showed Wednesday. According to data from the Turkish Statistical Institute,…
- NAIROBI, Kenya, July 3 – total of 2 million prepaid (token) meters have been updated in the last three weeks since the rollout of the ‘Update Token Meter Yako Campaign’ by Kenya Power. It targets 7.4 million prepaid meters. “We are almost at 30% of the targeted meters, and we are optimistic that…
- JULY 3 – Google’s greenhouse gas emissions in 2023 were 48% higher than in 2019, according to its latest environmental report. The tech giant puts it down to the increasing amounts of energy needed by its data centres, exacerbated by the explosive growth of artificial intelligence (AI). AI-powered…
- NAIROBI, Kenya, July 3 – Shri Krishana Overseas Ltd., a packaging solution provider, has revealed its intention to list on the Nairobi Securities Exchange (NSE) under the small and medium enterprises (SME) segment. According to Sonvir Singh, the firm’s managing director and founder, the company’s…
- NAIROBI, Kenya, July 3 – Kenya’s business activities fell sharply in June amid concerns about new tax proposals under the 2024 Finance Bill as well as sales declines amid protests and policy uncertainties. Latest Stanbic Bank Kenya’s Purchasing Manager’s Index (PMI) dropped to 47.2 last month,…
- NAIROBI, Kenya, July 3 – President William Ruto has directed the National Treasury to review the Salaries and Remuneration Commission’s 2023 Gazette Notice on the remuneration of state officers in the Executive, Senate, and Members of Parliament following the rejection of the 2024 Financial Bill.…
- NAIROBI, Kenya, July 3 – Safaricom has offered Sh50 million in donations to support victims of anti-budget protests and bolster hospital infrastructure. Speaking at Kenyatta National Hospital, where the donation was officially made, Safaricom CEO Peter Ndegwa emphasized the company’s commitment to…
- By Dr Musa Misiani JULY 3 – In recent years, preventive healthcare has gained significant interest among individuals and healthcare stakeholders, including insurance companies. With this emerging trend, we must appreciate the profound connection between preventative care and the sustainability of…
- NAIROBI, Kenya, July 3 – Kenyan exports will now access duty-free, quota-free markets in 27 European Union nations following the Economic Partnership Agreement between Kenya and the European Union (EPA). Speaking during the launch of the TRIFIC Special Economic Zone (SEZ) COSSA program, Trade…
- LUSAKA, July 3 (Xinhua) — The World Bank has approved a 207.6-million-U.S.-dollar grant to support Zambia’s response to drought, a senior government official said on Tuesday. The money was the second additional funding for enhancing shock-responsive social protection in Zambia and will support…
- NAIROBI, Kenya, July 3 – The Kenyan economy slowed by 0.5 percent to 5 percent in quarter one of this year, weighed down by decelerating growth in the construction as well as transportation and storage sectors. The latest Kenya National Bureau of Statistics (KNBS) Quarterly Gross Domestic Product…
- CANBERRA, July 3 (Xinhua) — Australia’s largest business group has warned that the government’s plan to cap international student numbers at universities will damage the economy. The Business Council of Australia (BCA), which comprises the chief executives of more than 100 of Australia’s biggest…
- BERLIN, July 2 (Xinhua) — The stock market value of the world’s 100 largest publicly traded companies rose by 17 percent in the first six months (H1) of 2024, reaching a record high of 42.3 trillion U.S. dollars, according to a study published by consulting firm Ernst and Young (EY) on Tuesday. The…
- NAIROBI, Kenya, July 3 – Kenya has been ranked the sixth-most crypto-friendly country in Africa, with 5.1 percent of the population holding crypto. According to a report released by Crypto Casinos, Kenya was further ranked 46th out of the 50 leading crypto-friendly countries internationally, with a…
- By Amos Mzenge NAIROBI, Kenya, July 3 – The solution to avoid the angst that engulfs a person as they wait on their next pay, only to have this cycle repeat itself, lies in budgeting. Nowadays, there are all sorts of budgeting systems available to aid one in their journey of tracking and managing…
- BANGKOK, July 3 (Xinhua) — Thailand received over 17.5 million foreign tourists in the first half of 2024, an increase of 35 percent from a year earlier, on course to meet the year-end target of 36.7 million foreign arrivals, official data showed on Tuesday. With 3.43 million arrivals, Chinese…
- NAIROBI, Kenya, July 3 – KCB Bank has entered into a settlement agreement with the Competition Authority of Kenya (CAK) after alleged unfair conduct regarding its credit billing and repayment cycles. KCB Bank has entered into a settlement agreement with the Competition Authority of Kenya (CAK)…
- NAIROBI, Kenya, July 2 – AfriKonekta has entered into a deal with Google Maps to integrate intercity and cross-border bus transit information. The deal will enable travelers to plan trips, compare fares and bus schedules, book, and pay online seamlessly. Through this, AfriKonekta aims to integrate…
- MANILA, July 2 (Xinhua) — Philippine President Ferdinand Romualdez Marcos has approved a 6.352 trillion pesos (roughly 107.97 billion U.S. dollars) proposed national budget for 2025, 10.1 percent higher than the budget for 2024, the Department of Budget and Management said on Tuesday. Budget…
- NAIROBI, Kenya, July 2 – Two Rivers International Finance and Innovation Centre Special Economic Zone (TRIFIC SEZ), in partnership with Chanzo Capital, a venture and growth capital firm investing in high-tech startups and scaleups, has launched the Chanzo ONESPACE Startup and Scaleup Accelerator (…
- NAIROBI, Kenya, July 2 – The Private Security Regulatory Authority (PSRA) is looking for a new Chief Executive Officer (CEO) to replace Fazul Mohamed, whose term ended. In a notice, PSRA urged qualified individuals to submit their credentials. ”Applications are invited from suitably qualified…
- CARACAS, July 1 (Xinhua) — Venezuelan President Nicolas Maduro announced Monday night that his government will resume direct dialogue with the U.S. authorities, aiming to enhance the bilateral relationship and promote joint political agreements. In a televised address, the president conveyed his…
- NAIROBI, Kenya, July 2 – The World Bank has slapped audit firm Ernst & Young (EY Kenya) with a 30-month debarment over corruption allegations. The debarment is linked to two projects in Somalia involving the Somali Core Economic Institutions and Opportunities Program (SCORE) and the Second…
- NAIROBI, Kenya, July 2 – The World Bank has slapped audit firm Ernst & Young (EY Kenya) with a 30-month debarment over corruption allegations. The debarment is linked to two projects in Somalia involving the Somali Core Economic Institutions and Opportunities Program (SCORE) and the Second…
- NAIROBI, Kenya, July 2 – The Kenya Tea Development Agency (KTDA) has denied claims that it is holding 200 million kilograms of expired unsold tea. In a statement, KTDA asserted that the reports, which originated from Williamson Tea Kenya’s financial disclosures and were reported in certain sections…
- NAIROBI, Kenya, July 2 – Health payments provider CarePay International has picked Pieter Prickaerts as the new Managing Director to spearhead global expansion. Prickaerts, who will also continue to oversee M-TIBA’s operations in Kenya, was selected by the Supervisory Board of CarePay…
- TOKYO, July 2 (Xinhua) — The prices of land adjacent to roads in Japan have increased for the third straight year as the country gradually walks out of the COVID-19 pandemic impact on economic activities, data from the National Tax Agency showed. The prices per square meter of land facing major…
- NAIROBI, Kenya, July 2 – Jambojet yesterday began its first of four weekly flights between Zanzibar and Mombasa with an eye on tourists flying into the Tanzanian island. The flights will depart from Mombasa to Zanzibar on Monday, Wednesday, Friday, and Sunday. “Our new route starts at 24,420 Kenyan…
- NAIROBI, Kenya, July 2 – The Public Relations Global Network (PRGN) has announced today the launch of the Global Expert Panel on tourism and travel for Africa, led by its member agency, the Newmark Group, a strategic communications and advisory firm headquartered in Nairobi, Kenya. This pioneering…
- ACCRA, July 2 (Xinhua) — The International Monetary Fund (IMF) on Monday announced that it has revised its growth projection for Ghana’s economy in 2024 to 3.1 percent, up from the previous 2.8 percent. Stephane Roudet, the IMF mission chief for Ghana, made this announcement at a joint press…
- NAIROBI, Kenya, July 2 – Simba Corporation, an automotive company, has delivered the first all-electric Mahindra XUV400 Sports Utility Vehicle to Kenya Power. David Mugambi, Head of Transport at the utility firm, said the move marks a significant step in Kenya’s journey towards sustainable mobility…
- NAIROBI, Kenya, July 2 – NCBA Group has finalized the full acquisition of AIG Kenya Insurance Company, further expanding its grip on Kenya’s insurance sector. NCBA has held a minority shareholding in AIG Kenya for over 18 years, and the takeover will allow the financial institution to offer general…
- NAIROBI, Kenya, Jul 1 –The Economic Partnership Agreement between Kenya and the European Union (EPA) has officially effected following ratification of the strategic partnership aimed at boosting boost bilateral trade in goods and investment flows for sustainable economic growth. According to Trade…
- NAIROBI, Kenya, July 1 – Nairobi has been listed among the major city routes in Africa not served by Airbus, a global aerospace and aviation corporation. In its latest report, which identified key unserved routes that would boost air travel on the continent, Airbus also enlisted Lagos, Cape Town,…
- JULY 1 – A lawyer representing victims of two fatal Boeing 737 Max crashes has told the BBC that the US government is preparing to offer the plane maker a “sweetheart plea deal”. Paul Cassell, who says he got the information “directly from the Justice Department”, added that the deal includes a…
- RIYADH, June 30 (Xinhua) — Saudi Arabia announced Sunday that foreign direct investment (FDI) net inflows grew by 5.6 percent in the first quarter of 2024 compared to the same period in 2023. According to a report by the Saudi General Authority of Statistics, FDI net inflows in the first quarter…
- NAIROBI, Kenya, July 1 – Most directors at tea factories in Nyeri County have been sent home, highlighting farmers frustrations in the running and management of these facilities. Out of over 20 slots, only three current directors were re-elected from tea factories, such as Ragati, Chinga, and…
- NAIROBI, Kenya, July 1 – The 2024 China-Kenya Traditional Medicine Cooperation Exhibition, hosted by Shandong University of Traditional Chinese Medicine, Kenyatta University and Kenya Chinese Chamber of Commerce (Shandong), took place from June 27-29, 2024, with a total number of participants more…
- NAIROBI, Kenya, Jun 28 – Diversified financial services firm Britam has announced its reinvestment of profits from the financial year ending December 31, 2023, to support its ambitious five-year business strategy. During its 28th Annual General Meeting (AGM), the Nairobi Securities Exchange (NSE)…
- NAIROBI, Kenya, Jun 28 – The Supreme Court has declared that banks and financial institutions must seek approval from the Cabinet Secretary for Finance before increasing interest rates on loans and facilities. This follows a case between Stanbic Bank and Santowels Limited that has clarified the…
- KAKAMEGA, Kenya, Jun 28 – A Section of Kakamega residents have opposed a proposal to transfer Amboseli National Park, which is a national natural resource, to the county government of Kajiado. Speaking during a public participation forum at Magharibi Hall, the residents warned that the park which…
- NEW DELHI, June 28 (Xinhua) — At least one person died and a few others were injured when a portion of a roof collapsed at New Delhi’s airport on Friday, confirmed a local cop to Xinhua over phone. The incident occurred at the airport’s Terminal-1 amid heavy rains, with water leaking from various…
- BRUSSELS, June 27 (Xinhua) — The European Council summit agreed on Thursday to formally nominate Germany’s Ursula von der Leyen for a second term as president of the European Commission. European Council President Charles Michel confirmed the nomination on social media platform X. In addition to…
