- JUNE 1 – Ticketmaster owner Live Nation confirmed “unauthorised activity” on its database after a group of hackers said they had stolen the personal details of 560 million customers. ShinyHunters, the group claiming responsibility, says the stolen data includes names, addresses, phone numbers and…
- NAIROBI, Kenya, Jun 1 — The government has approved Sh600 million for sugarcane development to anchor sugar sector reforms. The funding is part of a Sh2 billion lease plan announced by President William Ruto through state-owned mills and is set to be used for cane seed development in the sugar belt…
- NAIROBI, Kenya, June 1 — The government is set to scale up coffee production to 102,000 metric tons by 2027. This is an increase from 50,000 metric tons, translating to 10 kilograms for every bush of coffee. President William Ruto who spoke during the Madaraka Day celebrations in Kanduyi, Bungoma…
- TOKYO, June 1 (Xinhua) — Core inflation in Tokyo continued to rise in May as utility costs expanded, government data showed. The Tokyo core consumer price index, which excludes volatile fresh food but includes fuel costs, rose 1.9 percent in May from a year earlier, accelerating from a 1.6 percent…
- NAIROBI, Kenya, June 1 – Agro-food processor Kakuzi yesterday opened a new macadamia oil processing plant with a capacity of 1,000 litres per day. The new unit also has an installed capacity of 2,000 tonnes of saleable kernel (SK), making it one of the largest in the region. Kakuzi Chairperson…
- OTTAWA, June 1 (Xinhua) — Canada, generally a net electricity exporter, imported 3.3 million megawatt-hours (MWh) of electricity, a jump of 127.8 percent year over year, from the United States in March due to prolonged dry conditions, Statistics Canada said Friday. Canada’s electricity exports fell…
- NAIROBI, Kenya, June 1 – Prices of goods and services rose slightly in the month of May to 5.1 percent from 5 percent in April, pushed up by rising food and transport prices. Higher housing, electricity, gas, and other fuels also contributed to Kenya’s high inflation last month. In the period, the…
- JUNE 1 – Land selling firm AMG Realtors has developed a digital platform that seeks to educate investors on the latest trends shaping the country’s real estate industry With cases of land fraud being on the rise, the site also seeks to educate people on what they should and should not do while…
- BRUSSELS, May 31 (Xinhua) — The Eurozone’s yearly inflation rate should be reaching 2.6 percent in May, according to preliminary data published on Friday by Eurostat, the European Union’s (EU) statistical bureau. The Eurozone’s inflation rate stood at 2.4 percent in April and March, and had been on…
- NAIROBI, Kenya, May 31 – Chinese electric vehicle (EV) maker MojaEV has unveiled its first electric vehicles (EVs) in Kenya as it targets cab drivers. The Neta variant EVs, which comprise SUVs and mid-level consumer cars, will be fully launched in mid-June. MojaEv says the move is in line with the…
- NAIROBI, Kenya, May 31 – Java has opened its first outlet in Voi, Taita Taveta County, as it seeks to expand its market beyond Nairobi. The new Java Express restaurant is located at the Total Energies service station and is the chain’s 91st branch. The new Java Express restaurant is expected to…
- NAIROBI, Kenya, May 31 – KCB Group CEO Paul Russo has been named the African Business Leader of the Year by Africa Leadership Magazine. Russo’s selection followed rigorous and competitive competition on the African continent, with leadership qualities, transformative vision, and outstanding…
- By Dr. Robert Nyarango MAY 31 – Kenya is experiencing an acute medical practitioner shortage. According to the Kenya National Bureau of Statistics (KNBS), 19 doctors serve every 100,000 people. This results in a doctor-patient ratio of 1:5,263, which is far from the World Health Organization’s…
- NAIROBI, Kenya May 31 – In a bid to address the country’s acute housing shortage, Unity Homes, a leading real estate developer, has revolutionized the industry by integrating cutting-edge technology into its construction processes. The investment company has leveraged on South Korea building…
- Doctolib is one of the French start-up scene’s great success stories. Founded in 2013 by Stanislas Niox-Chateau and his three co-founders, the software firm assists healthcare providers with administrative tasks, primarily appointment booking and management. Rather than having to contact practices…
- NAIROBI, Kenya, May 30 – Enwealth Financial Services has welcomed plans to increase the tax-free contribution limit to Sh30,000, saying it will boost retirement savings. The proposed Finance Bill 2024, which is currently undergoing public participation, seeks to exempt taxes on contributions made…
- NAIROBI, Kenya, May 31 – Opera mini users will start to enjoy more privacy after the global browser announced new privacy enhancement measures with the introduction of Locked Mode. The new Locked Mode allows users to set a PIN that is independent from the device’s main lock code, which secures…
- NAIROBI, Kenya, May 31 – Angaza Forum hosted a dialogue with stakeholders in the financial sector to discuss ways to empower women in the field. This was announced on the sidelines of the African Development Bank Annual Meeting in Nairobi in partnership with the Ellen Johnson Sirleaf Presidential…
- RIYADH, May 30 (Xinhua) — The Saudi Arabian government on Thursday announced that it would sell a new stake in state oil giant Aramco that could raise as much as 13.1 billion U.S. dollars. According to a statement by Aramco, Saudi Arabia is offering about 1.545 billion Aramco shares, about 0.64…
- NAIROBI, Kenya, May 31 – Kenya Power and Lighting Company (KPLC) has announced an open tender for the supply and delivery of electric vehicle (EV) chargers and related compact substations. The firm says the move marks a significant step towards establishing a network of EV charging stations across…
- NEW YORK, May 30 (Xinhua) — A jury in New York on Thursday found former U.S. President Donald Trump guilty on all charges in the hush money case. Trump was found guilty of all 34 felony counts of falsifying business records in a bid to hide hush money payment of 130,000 U.S. dollars to porn […]
- NAIROBI, May 30 (Xinhua) — Kenya on Thursday launched a strategic plan that seeks to boost the country’s exports by at least 10 percent annually from the 1 trillion shillings (about 7.7 billion U.S. dollars) recorded in 2023. Jaswinder Bedi, chairperson of the state-owned Kenya Export Promotion and…
- JERUSALEM, May 30 (Xinhua) — The Israeli Energy Ministry announced on Thursday a reduction in fuel prices, marking the country’s first such decrease since last March. Unleaded 95-octane gasoline will now cost 7.52 shekels (equivalent to 2.03 U.S. dollars), down from the previous price of 7.90…
- NAIROBI, Kenya, May 30 – The Council of the European Union has adopted a decision on the conclusion of the EU-Kenya Economic Partnership Agreement (EPA). The EU Council said Thursday that the agreement will boost trade in goods and create new economic opportunities, with targeted cooperation to…
- NAIROBI, Kenya, May 30 – Over a decade ago, a group of visionary farmers in Kenya found themselves confronted with a common set of challenges: depleted soil nutrients, water scarcity, and declining crop yields. Determined to overcome these obstacles and pave the way for a more sustainable future,…
- ANKARA, May 30 (Xinhua) — Türkiye’s trade deficit widened by 12.9 percent year-on-year in April to 9.9 billion U.S. dollars, the Turkish Statistical Institute (TUIK) said on Thursday. Exports edged up 0.1 percent to 19.25 billion dollars, while imports climbed 4.0 percent to 29.17 billion dollars,…
- NAIROBI, Kenya, May 30 – The Institute of Certified Public Accountants of Kenya (ICPAK) has demanded a review of a few of the Finance Bill 2024’s proposals because, if approved, they will negatively impact Kenyans. In a statement presented before the Finance Committee during public hearings on the…
- Nairobi, Kenya, May 30 – Investment service provider Xeno today unveiled its investment platform in Kenya as it seeks to formally enter the Kenyan market. The Ugandan-founded trust scheme says that it will provide Kenyans with the necessary tools for digital investments. “Financial security shouldn…
- May 30 – Kashmir has witnessed over a million tourist arrivals till mid-May, with the J&K administration gearing up for record-breaking tourist numbers this year. This year, Kashmir is experiencing a significant tourism boom, including a promising increase in foreign arrivals. Hotels,…
- NAIROBI, Kenya, May 30 – South Africa-based data science and artificial intelligence (AI) platform Zindi has entered into a partnership with tech firm Microsoft to advance AI upskilling across the African continent. This groundbreaking collaboration, announced at the ongoing GITEX Africa summit in…
- MAY 30 – The University of Copenhagen in Denmark has announced it will cease investments in companies operating in the occupied Palestinian territory of the West Bank, responding to student protests urging the institution to sever financial and institutional connections with Israel. In early May,…
- MAY 30 – China’s economic growth is projected to “remain resilient” at 5 percent this year, driven by its strong first-quarter data and recent policy measures, the International Monetary Fund said on Tuesday after its team concluded a visit to the country. That forecast reflects an upward revision…
- NAIROBI, Kenya, May 30 – Kenya’s budget transparency has improved amid institutional and policy interventions instituted by the government. The Institute of Public Finance (IFP), an independent think tank, Open Budget Survey 2023 shows that the country improved in transparency score from 50 in 2021…
- NAIROBI, Kenya, May 30 – Menzies Aviation and Siginon Aviation have improved their temperature controlled pharmaceutical shipment capabilities in Kenya after receiving the International Air Transport Association’s (IATA) CEIV Pharma accreditation. The recently opened facility now becomes the…
- NAIROBI, Kenya, May 30 – 13 out of 364 ecosystem intermediaries will be trained and funded under a World Bank program to enhance SME training capabilities. The group was unveiled yesterday by the Kenya Industry and Entrepreneurship Program (KIEP). The initiative, Strengthening Kenya’s Innovation…
- MAY 30 – Law enforcement agencies from around the world have shut down a global malware network which stole $5.9bn (£4.65bn) and is linked to other crimes, the US Department of Justice (DOJ) has said. The DOJ partnered with the FBI and other international agencies to take down what was “likely the…
- NAIROBI, Kenya, May 30 – Businesses owned by women are more open to intra-African trade than male ones, a new survey shows, highlighting the need for market diversification. The research focused on trade-led industrialization featuring auto, personal care products, clothing, and textile value…
- BAGHDAD, May 29 (Xinhua) — Iraq exported about 102.38 million barrels of crude oil in April, the country’s Oil Ministry announced on Wednesday. During the month, about 100.92 million barrels were exported from oil fields in central and southern Iraq via the port of Basra, and 1.016 million barrels…
- LOS ANGELES, May 29 (Xinhua) — The Sun emitted a strong solar flare on Wednesday, peaking at 10:37 a.m Eastern Time, according to NASA’s Solar Dynamics Observatory. The observatory captured an image of the event, which was classified as X1.4. This solar flare was from the same region that produced…
- NAIROBI, May 29(Xinhua) — KRA Commissioner General Humphrey Wattanga on Wednesday urged African countries to modernise their tax administrations and revenue collections despite governance deficits and illicit financial flows. The KRA boss spoke while attending a meeting that brought together tax…
- CAIRO, May 29 (Xinhua) — Egyptian Prime Minister Mostafa Madbouly announced Wednesday that the price of subsidized bread will increase up to 20 piasters. The new decision will be enforced as of June 1, the prime minister told a televised press conference. The price of a loaf of bread, which is 5…
- NAIROBI, May 29 (Xinhua) — Some 74.9 million people in the Greater Horn of Africa region are highly food insecure and in urgent need of humanitarian assistance, according to a report released on Wednesday by the Food and Agriculture Organization of the United Nations (FAO) and the Intergovernmental…
- NAIROBI, Kenya, May 29 – The Kenya Association of Manufacturers (KAM) has voiced concerns about the proposed Finance Bill 2024, warning that it may be detrimental to the country’s manufacturing sector. The Chief Executive Officer (CEO) of KAM told Capital Business Wednesday that the bill’s new…
- NAIROBI, Kenya, May 28 – Sidian Bank announced its recent accolades at the prestigious Think Business Bank Awards 2024, where it was recognized for its Best Bank in Trade Finance – 1st Runner Up and The Bank with Lowest Tariff – 1st Runner Up. The awards showcase Sidian Bank’s dedication to…
- NAIROBI, Kenya, May 29 – Fresh fruits and vegetables exporter AvoVeg plans to invest Sh2.63 billion ($20 million) in Kenya’s avocado industry through value addition. The fund, which will be invested in the in the 3rd quarter of 2024, will go into the set-up of state-of-the-art machinery for…
- NAIROBI, Kenya, May 29 – Kenya is losing annually between Sh100 billion and Sh1 trillion to illicit trade, according to intellectual property rights (IPR) stakeholders at the Enforcement for the African Regional Intellectual Property Organization (ARIPO). Sectors mostly impacted include…
- MAY 29 – Billionaire philanthropist Melinda French Gates announced Tuesday that she is committing $1 billion (£782.4m) over the next two years to women’s causes and gender equity around the world. About $200 million (£157m) will go to organisations fighting for gender and reproductive rights in the…
- BEIJING, May 29 (Xinhua) — The number of homeless people in the United States hit a 16-year high, according to the Report on Human Rights Violations in the United States in 2023, which was released on Wednesday. According to data published by the U.S. Department of Housing and Urban Development on…
- NAIROBI, Kenya, May 29 -In a move signifying its commitment to environmental sustainability, ABC Bank has joined the Greening Financial Systems Technical Assistance Programme (GFS TAP) of the European Investment Bank (EIB). The partnership aims to help ABC Bank enhance its climate risk management…
- MAY 29 – A union representing thousands of workers at Samsung Electronics has called the first strike at the South Korean technology giant since it was founded five and a half decades ago. The National Samsung Electronics Union says it will hold a one-day protest by asking all of its members to use…
