- 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…
- NAIROBI, Kenya, May 29 – Absa Bank Kenya profit after tax grew 34 percent in the first quarter of this year to Sh5.9 billion compared to a similar period last year. The bank’s diversification strategy seems to be paying off after total revenue rose 19 percent to Sh16.5 billion between January and…
- MAU 29 – The globe is at risk of losing $110 trillion between this year and 2050 if no investments are allocated to the adolescent age group. According to the Adolescents in a changing world–The case for urgent investment report, individuals in the age group of between 10 and 19 now face…
- MAY 29 – The Kenyan team participating in Huawei’s ICT Competition in Shenzhen, China, emerged at the top after scooping four of the award categories. The event, which took place from May 23–26, had the most Kenyan participants out of 16 teams from the continent. While the first prize was won by…
- NAIROBI, Kenya, May 29 – African Banker Magazine has named Kamau Thugge the Central Bank Governor of the Year for spearheading reforms in the economy. The awards committee cited the role played by the CBK boss in addressing market failures as well as stimulating the economy. Under his watch, Thugge…
- MAY 29 – Nine startups are set to benefit from the Spark Accelerator Program, an initiative by Safaricom in partnership with M-PESA Africa and Sumitomo Corporation. The program, which was launched last year and is being implemented by the iHub, seeks to grow and scale up commercially viable…
- ROME, May 28 (Xinhua) — About 600 looted artefacts and antiquities worth an estimated 60 million euros (65 million U.S. dollars) were returned to Italy from the United States, Italian police said on Tuesday. All the artefacts had been stolen and brought to the United States at various stages in the…
- CANBERRA, May 29 (Xinhua) — Australia’s annual inflation rate rose to 3.6 percent in April. According to official figures published by the Australian Bureau of Statistics (ABS) on Wednesday, the consumer price index (CPI) – the headline measure of inflation in Australia – rose by 3.6 percent in the…
- NAIROBI, May 28 (Xinhua) — Kenya hosted an economic and trade conference on Monday in the capital of Nairobi with the participation of a high-level delegation from the Chinese coastal city of Shenzhen, as commercial ties between the two sides continue to expand. The event also attracted…
- NAIROBI, Kenya, May 28 – The Nairobi International Financial Centre Authority (NIFCA) is now seeking a new boss after President William Ruto demanded the then CEO, Oscar Njuguna, refund his salary earned for no job done back in 2022. The state-owned corporation, which manages the Nairobi…
- TOKYO, May 28 (Xinhua) — Japan’s services producer prices in April jumped 2.8 pct from a year earlier, the steepest rise since September 1991 excluding the periods affected by consumption tax hikes, the Bank of Japan (BOJ) reported Tuesday. The services producer price index, which measures the…
- NAIROBI, Kenya, May 28 – The Competition Authority of Kenya (CAK) is seeking legal backing to auction properties of firms unwilling to pay penalties, despite exhaustion of all appeal avenues. In the draft Competition Amendment Bill 2024, CAK seeks to repeal Section 89 of the Competition Act and…
- NAIROBI, Kenya, May 28 – The National Treasury will deliver the Budget Statement for the 2024–2025 financial year (FY) on June 13, 2024. Treasury Cabinet Secretary (CS) Njuguna Ndung’u said that the budget statement will be submitted to parliament at 3 p.m. “This is to notify the general public…
- By James Alic Garang MAY 28 – South Sudan, the world’s youngest nation, possesses immense potential for diversification, economic growth, and shared prosperity. While oil has been the mainstay of the economy since independence from Sudan on July 9, 2011, the government focus on augmenting broader…
- MAY 28 – Preparations are under way at major Channel crossing points for a new automated European Union (EU) border IT system due to start this October, despite fears of queue chaos for holidaymakers. Under the Entry Exit System (EES) non-EU nationals, including Brits, will have to register…
- NAIROBI, Kenya, May 28 – -Banyan Investment Banking & Hedge Fund, a Connecticut-based digital bank with a focus on transformative financial technology, has announced its expansion to Nairobi, Kenya. The new office will serve as the fintech’s regional headquarters to address the growing demand…
- NAIROBI, Kenya, May 28 – Isuzu East Africa has committed to supporting the development of science, technology, engineering, and mathematics (STEM) skills. Through the Isuzu EA Foundation, its MD, Rita Kavashe, said that they will help the Nandi community through education, road safety, the…
- MAY 28 – The Federal Bureau of Investigation, the United States law enforcement agency, is investigating the sale of numerous items believed to be treasures from the renowned British Museum to buyers in the US. According to BBC sources, the FBI has already played a role in facilitating the return…
- NAIROBI, Kenya, May 28 – City Hall has announced the lifting of a ban on deep excavation activities within the city. The ban, which was instituted on April 29 by Governor Johnson Sakaja, was a precautionary measure taken after heavy rains caused hazardous conditions at several construction sites.…
- MAY 28 – Jubilee Health Insurance today unveiled a new program that seeks to boost healthcare delivery. The ‘Always With You’ program, available to all Jubilee Health customers, will cover a wide range of services, including scheduled doctor consultations, pharmacy teleconsultations, drug delivery…
- By Joseph Kithitu NAIROBI, Kenya, May 28 – In recent months, rains have been ravaging Kenya resulting in devastating floods that swept across the country leaving an indelible mark on the country’s landscape and its people. From the sprawling plains of the Maasai Mara to the bustling streets of…
- NAIROBI, Kenya, May 28 – The government has secured Sh27 billion to connect a 280,000 households to electricity under the Last Mile Connectivity Project. Making the announcement on Monday, President William Ruto said the funds will strengthen the government’s ambitious plan of achieving universal…
- NAIROBI, Kenya, May 28 – Family Bank gross profit grew by 24.3 percent to Sh1.3 billion in the three months to March last year compared to a similar period last year, buoyed by high interest income. In the review period, net interest income expanded by 19.9 percent to Sh2.4 billion, supported by a…
- NAIROBI, Kenya, MAY 28 – A majority of Africans prefer international brands, a new analysis shows, highlighting their preference for international brands. For the second time in a row, Brand Africa’s 14th annual Brand Africa 100 shows that the most popular brands in Africa are South African…
- MAY 28 – David Beckham has signed a deal to be a global ambassador for AliExpress, an online retail platform owned by Chinese technology giant Alibaba. The announcement comes as the Euros football tournament is due to kick off in Germany next month. The company did not reveal how much it is paying…
- NAIROBI, Kenya, May 28 – It is a well-known fact that Artificial Intelligence (AI) has been the ‘flavor of the month’ for every month of the past decade. From chat-bots and personalized shopping applications to autonomous vehicles and flying taxis, companies are trying their luck with AI everywhere…
- NAIROBI, Kenya, May 28 – Over 30 local entrepreneurs have had an opportunity to pitch to a panel of successful entrepreneurs, investors and corporate leaders at the 99th Endeavor International Selection Panel event, held between the 22nd to 24th of May, in Nairobi. The choice to hold the 99th ISP…
- GABORONE, May 27 (Xinhua) — Botswana, in cooperation with the Food and Agriculture Organization of the United Nations, on Monday launched the National Apiculture Strategy that seeks to improve honey production. The strategy, which will run until 2027, aims to promote sustainable beekeeping…
- NAIROBI, May 27 (Xinhua) — Irene Wairimu has been selling cereals for the past 10 years along the 84-km Kenol-Sagana-Marua Highway, which links Nairobi, Kenya’s capital, to the agriculturally rich central region. Before its upgrade to a four-lane dual highway, it was a congested two-lane road that…
- NEW DELHI, May 27 (Xinhua) — India’s federal health ministry has advised employers to take essential heat safety measures at the workplace, officials said Monday. The advisory comes amid heat wave conditions that are prevalent in most parts of the country. “Keep your workers safe with these…
- NAIROBI, Kenya, May 27 – Kalenjin is the biggest tribe in the Kenya Electricity Transmission Company’s (KETRACO’s) workforce, followed closely by the Kikuyu ethnic group out of 22 different ethnic groups working for the company. According to a report submitted before the Public Service Commission (…
- NAIROBI, May 27 (Xinhua) — African experts said here on Monday that the full implementation of the African Continental Free Trade Area (AfCFTA) will foster inclusive growth across the continent. Speaking at the 59th Annual Meeting of the Board of Governors of the African Development Bank (AfDB) in…
- GENEVA, May 24 (Xinhua) — The World Intellectual Property Organization (WIPO) approved on Friday a new treaty to highlight the disclosure of genetic resources and associated traditional knowledge in patent applications. This is the first WIPO treaty to address the interface between intellectual…
- NAIROBI, Kenya, May 27 – NCBA Bank has unveiled trustee services as the lender seeks to expand investment solutions for clients. The unveiling comes after it secured a license from the Capital Markets Authority (CMA) in March 2024 to offer the Real Estate Investment Trust (REIT). The trustees are…
- NAIROBI, Kenya, May 27 – The Kenya Electricity Transmission Company (KETRACO) has received a greenlight to proceed with the construction of the 220kV Mariakani-Dogo Kundu power transmission project after ecological concerns from the locals. The project had stalled after local residents said it…
- MANILA, May 27 (Xinhua) — Increasing indigenous peoples’ access to water and sanitation, education, health services, and economic opportunities while preserving their cultural identities can significantly improve their living standards, said a World Bank report released on Monday. According to…
- NAIROBI, Kenya, May 27 – Kenya Power and Lighting Company (KPLC) has announced interruptions of the prepaid token vending system from June 2 to June 3, 2024, to facilitate its system network upgrade. The power utility firm said that the token vending system will be unavailable from 10:00 p.m. on…
- MAY 27 – The boss of Singapore Airlines, Goh Choon Pong, has thanked the carrier’s staff for their hard work in the aftermath of a severe turbulence incident in which a British man died and tens more people were injured. “The last five days have been immensely challenging for everyone at Singapore…
- NAIROBI, Kenya, May 27 – Creatives, including artists and comedians using various social media platforms, are set to benefit from the Creative Economy Support Bill 2023, which offers support for people in the creative industry. The Bill proposed by Migori Senator Eddy Gicheru Oketch seeks to…
- ADDIS ABABA, May 26 (Xinhua) — The African Union (AU) has reiterated the crucial need to redouble continental efforts to silence the guns in Africa and realize a conflict-free continent as it marks the 20th anniversary of the AU Peace and Security Council (AU-PSC). To commemorate the occasion, the…
- NAIROBI, Kenya, May 26 – Illicit online platforms offering cut-rate access to films and TV series are often fundraising channels for syndicates involved in everything from child porn to sex-trafficking, drugs and terrorism. Law enforcement teams across Africa now take an aggressive approach to…
- NAIROBI, Kenya, May 26 – Infobip, a global cloud communications platform, has emphasised the need for healthcare providers to adopt automated, omnichannel communication solutions to enhance patient experiences, both in-person and at home, in Kenya. Rachel Njiru, Director of OP Africa at Infobip,…
- YANGON, May 26 (Xinhua) — Myanmar is expected to earn 805 million U.S. dollars from aquatic exports this fiscal year, with fish and shrimp exports projected to increase, the state-run television channel MRTV reported on Sunday, citing Nyunt Win, director of the Department of Fisheries. The country’…
- NAIROBI, Kenya, May 26 – Digital payments solution provider Onfon has unveiled its Buy Now, Pay Later (BNPL) services in Kenya. Onfon seeks to tap into the growing BNPL market in Kenya to provide consumers with an array of smartphones. Through Onfon’s new platform, customers can now access…
- MAY 26 – A leading think tank has issued a stark warning about the financial challenges awaiting the next government. The Institute for Fiscal Studies (IFS) says the state of public finances hangs over the election campaign “like a dark cloud”. It warns more tax rises or cuts to public services…
- NAIROBI Kenya, May 25 – Online retailer Copia Kenya has appointed Makenzi Muthusi and Julius Ngonga of KPMG as joint administrators of Copia Kenya Limited. In a notice seen by Capital Business, the company states that all the affairs, business, and properties of the company will be managed by the…
- MAY 25 – Families of the victims of the Uvalde school shooting are suing the manufacturer of the gun used in the attack, the maker of a video game and Instagram parent company Meta. In two new lawsuits, they claim the companies helped promote dangerous weapons to a generation of “socially…
- NAIROBI, May 25 (Xinhua) — Five people were killed on Friday following the collapse of a gold mine in the northern Kenyan county of Marsabit, according to local officials. Marsabit County Police Commander Patrick Mwakio told Xinhua by telephone on Saturday that search and rescue efforts at the gold…
