- NAIROBI, Kenya, June 17 – Artificial intelligence (AI) continues to gain traction, and there is a critical aspect that comes with it: breaking down the terminologies associated with AI. Since generative AI became mainstream in late 2022, understanding its evolving terminology is crucial. Tech giant…
- SEOUL, June 17 (Xinhua) — South Korean tech company Samsung Electronics said Monday that it will launch a joint artificial intelligence (AI) research center with Seoul National University (SNU). The research center will carry out joint projects on advanced AI technologies, such as on-device AI and…
- NAIROBI, Kenya, June 17 – Old Mutual has unveiled its latest Financial Services Monitor (OMFSM), highlighting a positive outlook among Kenyan men regarding their financial future. According to the survey, over 75 percent of Kenyan men are confident that their finances will improve in the next six…
- JUNE 17 – US regulators are investigating after a Boeing 737 Max 8 flown by Southwest Airlines rocked side to side while in air, a potentially dangerous movement known as a Dutch roll. It is one of two new inquiries involving Boeing planes that the Federal Aviation Administration (FAA) has recently…
- NAIROBI, Kenya, June 17 – The National Treasury is soon set to appoint a debt accounting officer in order to improve the efficiency of the office in the management of public debt servicing expenditures. Since January this year, the National Treasury has been looking to hire a new Public Debt…
- TOKYO, June 16 (Xinhua) — Japan Post has announced that it will raise postage rates for letters and postcards in October, in a bid to improve profitability amid a decrease in postal items. Japan Post said that postage rates will increase to 110 yen (0.7 U.S. dollars) from 84 yen for standard-size…
- NAIROBI, Kenya, June 16 – Family Bank shareholders have approved the establishment of a non-operating holding company that will hold shares in Family Bank Kenya and other non-banking subsidiaries ahead of expansion plans. The lender is planning to expand its footprint in the East, West, and Central…
- By Victoria Goro JUNE 16 – Before the advent of YouTube and video streaming in Africa, our children mainly relied on foreign animated cartoons like Teletubbies for entertainment and education. During that time, only a few who could afford a television set were lucky enough to watch its episodes,…
- TUNIS, June 15 (Xinhua) — At least 3.37 million tourists have visited Tunisia until June 10 this year, up 5.3 percent from the same period last year, private radio station Mosaique FM reported on Saturday. “The total number of tourists is likely to reach 10 million by the end of this year,” Aymen…
- JUNE 15 – Kiandu Coffee Factory in Nyeri has installed solar panels to cut energy costs. The Sh30 million solar eco pulping machine, which uses less power as well as minimal water during coffee cherry processing, will cover more than 5,000 farmers. Donated by Coffee Marketing Services and Self…
- In the fast-paced realm of digital marketing, one man has consistently defied norms, driven by an insatiable thirst for innovation and a contagious energy that inspires all around him. Dennis Maina, the visionary founder of Suss Ads, a Digital Marketing Agency, epitomizes the epitome of a dynamic…
- JUNE 15 – The Africa Fintech Festival concluded yesterday in Naivasha, with industry players reiterating the need for smart regulation, green technology, and agritech. The four-day event, a collaboration between the Association of Fintechs in Kenya (AFK), AFIK, and the African Fintech Network (AFN…
- BERLIN, June 14 (Xinhua) — The UEFA EURO 2024 football championship is expected to bring an additional 1 billion euros (1.07 billion U.S. dollars) towards the German economy from visiting fans, the country’s ifo Institute for Economic Research said Friday. Around 600,000 additional international…
- By Peter Mulwa JUNE 15 – A dear friend once told me, “Peter, in this modern era, ignorance is a choice we need not make. Technology has expanded our horizons, especially in accessing and applying knowledge.” I find the same sentiment applicable when it comes to our choice of cooking fuels. In the…
- TOKYO, June 15 (Xinhua) — Toyota Motor Corp. has decided to continue the current production halt for three vehicle models affected by its testing irregularities until July or later. Toyota decided to extend the production halt beyond the originally set deadline of June 28, as its internal…
- NAIROBI, Kenya, June 15 – Absa Bank has partnered with the International Trade Centre (ITC) SheTrades to host the Absa InspireMe Conference, targeting over 10,000 women entrepreneurs across Africa. The lender says the platform will go a long way in providing an opportunity for women entrepreneurs…
- NAIROBI, Kenya, June 15 – Kenya is set to host the pilot project for Indonesian tech company Aeroterra & Eldera Matadata Presisi to enhance environmental sustainability. This initiative marks a collaborative effort to harness advanced drone and AI technology for real-time carbon data collection…
- NAIROBI, Kenya Jun 14 – An expansion of collaboration between two leading fintech companies is set to revolutionize the financial landscape by simplifying payment procedures. ACI Worldwide, known globally for its advanced payment solutions that optimize operational efficiency, has bolstered its…
- NEW DELHI, June 14 (Xinhua) — The rate of wholesale inflation in India rose to 2.62 percent in May from 1.26 percent in April, according to data released by the federal Ministry of Commerce and Industry on Friday. “Positive rate of inflation in May 2024 is primarily due to increase in prices of…
- NAIROBI, Kenya, June 14 – The government has removed a proposal to cap taxes on registered motor vehicles at Sh100,000, meaning that those owning high-end or expensive cars will have to pay more if Finance Bill 2024 passes. Under the new system, vehicle owners will now be taxed based on the current…
- NAIROBI, Kenya, June 14 – For the past 10 years, credit-only microfinance institution, Jijenge Credit limited has been at the forefront of cultivating a vibrant financial ecosystem across the country. Through the strength of sheer hard work and resilience, this financial cornerstone has become a…
- NAIROBI, Kenya, June 14 – Fuel prices have dropped by about Sh3 and Sh6 in the latest Energy, Petroleum, and Regulatory Authority (EPRA), coming on the back of Kenya’s currency appreciation against major global currencies. While a litre of super petrol has declined by Sh3, diesel has dropped by Sh6…
- JUNE 14 – US investigators have arrested the founder and CEO of a telehealth company who is accused of a running a $100m (£78m) scheme to fraudulently distribute over 40m pills of Adderall and other controlled substances. US Attorney General Merrick Garland said that Done CEO Ruthia He conspired…
- NAIROBI, Kenya, June 14 – The government has announced a significant enhancement to the ‘Hustlers’ Fund by an additional Sh5 billion in a move anchored on addressing the accessibility of affordable credit for Kenyans. Treasury Cabinet Secretary Njuguna Ndung’u, during the reading of the 2024–2025…
- NAIROBI, June 13 (Xinhua) — Every Sunday, several streets of Nairobi, the capital of Kenya, as well as its suburbs, usually bustle with activity involving mainly young people. The youngsters normally take photos in all manner of poses as others make skits and record videos using their phones. The…
- COLOMBO, June 14 (Xinhua) — Sri Lankan economy is expected to expand by 2.2 percent in 2024 and reach 3 percent in 2026, assuming successful debt restructuring negotiations and the implementation of structural reforms, according to the World Bank’s latest Global Economic Prospects report on Friday…
- NAIROBI, Kenya, June 14 – Kenyan farmers are among the big winners in the just-released 2024–2025 budget that was read yesterday by the National Treasury. This follows the sector receiving an allocation of Sh54.6 billion, according to the estimates read by Treasury Cabinet Secretary Njuguna Ndung’u…
- OTTAWA, June 13 (Xinhua) — Canadian Prime Minister Justin Trudeau on Thursday announced 5 billion Canadian dollars (3.6 billion U.S. dollars) in funding as the country’s contribution to G7 Extraordinary Revenue Acceleration (ERA) Loans, an initiative of using frozen Russian assets to support…
- NAIROBI, June 13 (Xinhua) — Kenya on Thursday presented its 3.9 trillion shillings (about 30 billion U.S. dollars) budget for the financial year 2024/2025, focusing on sustaining economic growth. Njuguna Ndung’u, the cabinet secretary for the Ministry of National Treasury and Economic Planning, who…
- LONDON, June 12 (Xinhua) — The monthly real gross domestic product (GDP) of the United Kingdom (UK) is estimated to have shown no growth in April, according to official data released on Wednesday. Services output grew by 0.2 percent in April, for its fourth consecutive monthly growth, said the…
- NAIROBI, Kenya, June 12 – Kilimo Trust, Kenya Agriculture and Livestock Research Organization (KALRO), and Egerton University have collaborated to spur the cultivation of high-yielding upland rice varieties. The exercise is being undertaken in Meru, Embu, and Tharaka Nithi counties. The partners…
- NAIROBI, Kenya, June 12 – Kenya Re gross profit last year grew by 53 percent to Sh7.03 billion compared to a similar period in 2022, buoyed by prudent underwriting and business diversification. Between January and December last year, the re-insurer’s profit before tax stood at Sh4.59 billion. In…
- JUNE 12 – Chinese electric cars may become pricier in the European Union (EU) after politicians called them a threat to its own electric car industry. It has “provisionally concluded” that three Chinese electric vehicle (EV) manufacturers will face tariffs from 4 July “should discussions with…
- NAIROBI, Kenya, June 12 –UK’s development finance institution, British International Investment (BII), has sold its 10.1 percent stake in I&M Group. AfricInvest will now be the custodian of the East African Banking Group following the acquisition from BII, which made the investment in 2016. BII…
- NAIROBI, Kenya, June 12 – Kenya Power has rolled out a campaign targeting 7.4 million customers on the upgraded electricity prepaid meter system. All customers enrolled in the prepaid system will receive two codes, including a reset and update code, through the Short Message Service (SMS) from…
- JUNE 12 – In the era of big data, where the volume, variety, and velocity of data continue to explode, effective data governance has become essential for the successful implementation of Regulatory Technology (RegTech). Laurent Sarr, Chief Technology Officer at Global Voice Group, outlines the…
- JUNE 12 – Elon Musk has unexpectedly asked a California court to withdraw a legal case against OpenAI and its boss Sam Altman, which accused them of abandoning the firm’s founding mission of developing artificial intelligence (AI) for humanity’s benefit. The filing submitted by the multi-…
- LOS ANGELES, June 11 (Xinhua) — The popularity of artificial intelligence (AI) chatbot in education has grown sharply among students and teachers in the United States over the last year, according to a new survey. The national survey was conducted on May 7-15 by Impact Research for the Walton…
- NAIROBI, Kenya, June 12 – Airtel Kenya is entering the Kenyan home internet market with the rollout of home broadband. The Unlimited Home Broadband 5G Data Plans will also be available to businesses. It enters a market that is dominated by Safaricom Home Fibre as well as Zuku and Jamii…
- JUNE 12 – A new report on African elephants has revealed the wild animals, just like humans, use “names” to address each other, findings that will help in conservation efforts of the endangered animal. The study published on Monday by Save the Elephants, a conservation group based in Nairobi, Kenya…
- LOS ANGELES, June 11 (Xinhua) — Average global temperatures for each of the past 12 months hit record highs, marking an unprecedented streak, according to a NASA analysis released on Tuesday. “It’s clear we are facing a climate crisis,” said NASA Administrator Bill Nelson in a news release. “…
- NAIROBI, Kenya, June 12 – Several government agencies are disposing of vehicles and equipment ahead of a new financial year (FY) starting on July 1, 2024. In an advertisement, the National Irrigation Authority (NIA) is planning to sell motor vehicles, spare parts, assorted farm implements, and…
- By Willys Mac’Olale NAIROBI, June 12 – Like many governments around the world, the Government of Kenya (GoK) has unveiled an initiative to incorporate individuals working remotely for Kenyan organizations into its tax system. A proposal for this initiative is included in the Finance Bill of 2024,…
- WASHINGTON, June 11 (Xinhua) — A jury of 12 members in the U.S. state of Delaware on Tuesday found Hunter Biden, son of U.S. President Joe Biden, guilty of three federal gun charges, marking the first time a sitting president’s child has been criminally convicted. The felony charges accused the 54-…
- TOKYO, June 12 (Xinhua) — The World Bank has cut its economic growth forecast for Japan for 2024 to 0.7 percent from 0.9 percent, while lifting the global growth outlook for the year to 2.6 percent from 2.4 percent, local media reported. The Japan growth forecast fell 0.2 percentage point from the…
- NAIROBI, June 11 (Xinhua) — Experts met Tuesday in the Kenyan capital of Nairobi to discuss ways to fight malnutrition in Africa. The three-day workshop on nutrition-sensitive agriculture, rural development and food system transformation brought together senior government officials, agronomists and…
- NAIROBI, Kenya, June 12 – KPMG recently hosted a summit where industry leaders gathered to discuss critical issues in the financial sector, with a spotlight on the future of fintech and tax compliance. This transformative and pioneering summit aimed to immerse participants in forward-thinking…
- JUNE 12 – Over 1500 candidates are taking their Certified Human Resource Professionals (CHRP) exams starting today. The CHRP certification, offered by the Human Resource Management Professionals Examinations Board (HRMPEB), is gaining significant importance both nationally and internationally. It…
- LONDON, June 11 (Xinhua) — Prime Minister of the United Kingdom (UK) Rishi Sunak on Tuesday promised to cut taxes and reduce immigration as he launched the Conservative Party’s general election manifesto. “We Conservatives have a plan to give you financial security,” said Sunak, unveiling the…
- NAIROBI, Kenya, June 11 – The Insurance Regulatory Authority (IRA) has suspended the closure of Directline Assurance Company Limited, a few hours after the closure. IRA CEO Godfrey Kiptum said that the insurer is still operational. “The purported actions are null and devoid of any legal effect and…
