- NAIROBI, Kenya, May 15 – DIB Bank Kenya, a subsidiary of Dubai Islamic Bank, has posted its first gross profit since launching operations in Kenya in 2017. In the three months ended March 31, 2024, the lender’s profit before tax improved to Sh6.3 million, representing a 105 percent jump from a…
- MAY 15 – The cargo ship Dali lost electrical power several times before it crashed into the Francis Scott Key Bridge in March, killing six people and paralyzing a major transportation artery for the US, Northeast, federal investigators said on Tuesday. The National Transportation Safety Board (NTSB…
- By Gerald Maithya NAIROBI, Kenya, May 15 – Africa is often hailed as the birthplace of some of the world’s most exciting tech startups. From Cape to Cairo, small businesses across the continent have become catalysts for change, helping to drive economic prosperity and leaving their mark on local…
- TOKYO, May 15 (Xinhua) — Tokyo police plan to refer to prosecutors an 18-year-old man for allegedly using camera-equipped smart glasses to cheat on an entrance exam at Waseda University, local media reported on Wednesday. The Tokyo resident, who was a senior high school student at the time of the…
- SAN FRANCISCO, May 14 (Xinhua) — Google unveiled on Tuesday its latest innovations to its AI model series Gemini at the company’s annual developer conference Google I/O 2024. The company announced the private preview of a new version of Gemini 1.5 Pro, the company’s current flagship model, that can…
- NAIROBI, Kenya, May 15 – The COMESA Competition Commission has warned its member states against the sale of a false batch of cancer medicine identified as Herceptin 440 mg (Trastuzumab 440mg) reported to have penetrated the Kenyan market. This comes barely a few days after the Pharmacy and Poisons…
- NAIROBI, Kenya, May 14 – The Energy, Petroleum, and Regulatory Authority (EPRA) has cut fuel prices by about Sh1, offering reprieve to motorists, firms, and households. In the latest review, a liter of super petrol will be reduce by Sh1, diesel (Sh1.2), and kerosene (Sh1.3). Consequently, a liter…
- KAMPALA, May 14 (Xinhua) — Uganda has temporarily suspended hiking activities to the highest peak of Mountain Rwenzori, which is shared with the Democratic Republic of the Congo, following the formation of a crevasse in the glaciers. The Uganda Wildlife Authority (UWA), a state agency responsible…
- KAMPALA, May 14 (Xinhua) — Uganda issued a warning on Tuesday to communities living on lake shores and riverbanks, cautioning them about the increased water volume in those water bodies, which has reached worrying levels. Minister of Water and Environment Sam Cheptoris told reporters that the water…
- NAIROBI, Kenya, May 14 – The Kenyan economy showed resilience by the end of 2023, recording growth in gross domestic product (GDP), which increased to 5.9 percent in the third quarter of last year compared to 4.3 percent in the same period in 2022. The latest data from TransUnion Kenya, a global…
- NAIROBI, Kenya, May 14 – Corporations and private entities in the country have been urged to undertake environmental conservation and integrate climate-oriented projects as part of their corporate social responsibility (CSR). Speaking during a tree planting exercise in Muumandu Forest, Machakos…
- NAIROBI, Kenya, May 14 – The government targets getting Sh32.56 trillion ($250 billion) in investment deals during President William Ruto’s state visit to the United States of America. Investment, Trade, and Ministry Cabinet Secretary Rebecca Miano, in an address to the press, announced that the…
- NAIROBI, Kenya, May 14 – The Ethics and Anti-Corruption Commission (EACC) now recommends changes to the Anti-Corruption Act to bar those charged with corruption from office to prevent witness interference. Twalim Mbarak, EACC Chief Executive Officer, highlighted the need for the amendment of the…
- WASHINGTON, May 14 (Xinhua) — The White House unveiled on Tuesday new tariffs on imports of electric vehicles, solar cells and other clean-energy products from China, in a protectionist move widely believed to imperil the American ambition to enhance competitiveness and slash carbon emissions.…
- NAIROBI, Kenya, May 14 – Nixon Sigey’s helm at the New KCC is set to end as the creamer is looking for his replacement. The dairy company says that all prospective candidates have until May 3, 2024, to submit their applications. “We are seeking for an excellent leader with an outstanding track…
- MEXICO CITY, May 13 (Xinhua) — Mexican President Andres Manuel Lopez Obrador said on Monday that the flow of migrants to the United States has been reduced by 50 percent in recent months, and again called on Washington to help fund development programs designed to curb immigration. At his daily…
- NAIROBI, Kenya, May 14 – CIC Insurance Group profit after tax grew by 818 percent to Sh1.4 billion for the full year (FY) ended December last year compared to a similar period in 2022, buoyed by a growth in insurance income. The insurer also says revenue growth was boosted by improved revenue…
- Balancing the need to offer quality healthcare benefits with budgetary constraints requires strategic planning and proactive measures. Companies that are keen to manage their health insurance costs while ensuring employee well-being must begin by assessing the existing health plans offered to…
- WASHINGTON, May 13 (Xinhua) — U.S. President Joe Biden signed into law Monday a bill that will prohibit U.S. imports of unirradiated low-enriched uranium from Russia. U.S. National Security Advisor Jake Sullivan said in a statement that Biden signed the Prohibiting Russian Uranium Imports Act,…
- GABORONE, May 13 (Xinhua) — The Food and Agriculture Organization of the United Nations (FAO) in Botswana expressed concern that the extensive use of pesticides to manage pests, weeds, and diseases may increase the risk of harming species essential to ecosystem health. Speaking at the commemoration…
- NAIROBI, Kenya, May 14 – President William Ruto has rallied for the renewal of the African Development Fund, underscoring the transformative impact of the funds in supporting development projects in the country. During a high-level meeting with Akinwumi Adesina, President of the African Development…
- NEW DELHI, May 13 (Xinhua) — India’s retail inflation eased to 4.83 percent in April, the latest government data showed Monday. The Consumer Price Index (CPI)-based inflation for April stood at 4.83 percent, compared with 4.85 percent recorded in March, according to the data released by the federal…
- NAIROBI, Kenya, May 13 – The Communications Authority of Kenya expects internet connectivity to remain slow in the country for a few days after undersea fibre was cut. In a statement, CA Director General David Mugonyi said that the authority is closely monitoring the situation to ensure the full…
- NAIROBI, Kenya, May 13 – The national government has released Sh1.13 billion to county governments for the establishment of county aggregation and industrial parks (CAIPs). Trade and Investments Cabinet Secretary Rebecca Miano revealed that each county will receive Sh62.5 million during Phase 1 of…
- May 13 – As businesses downsize in the hybrid-work era, empty offices could become ‘flats for millionaires with little daylight’ – or an opportunity to reinvent the city centre. As more employees work from home in the hybrid-work era, many companies are finding they need smaller offices. Compared…
- NAIROBI, Kenya, May 13 – Equity Group’s profit after tax in the first quarter ending March 31 this year grew by 25 percent to Sh16 billion compared to a similar period in 2023. The lender links high income to bold and strong leadership decision making, and an agile balance sheet that drove recovery…
- NAIROBI, Kenya, May 13 – The NTT data, formerly known as Dimension Data, has urged private and public institutions across the country to reassess their cyber security strategies to avert the adverse risks of cyberattacks orchestrated by criminals using artificial intelligence (AI). Speaking in…
- NAIROBI, Kenya, May 13 – The National Land Commission (NLC) has approved a land lease request by the Homa Bay County Government for the construction of the Homa Bay County Headquarters. In a joint statement, NLC and the devolved unit stated that the land was leased to the CPF Group, which will…
- UNITED NATIONS, May 10 (Xinhua) — Host to 500,000 refugees from neighboring Sudan, Chad needs food security and nutrition aid for one-third of its own 18 million population, UN humanitarians said on Friday. The UN Office for the Coordination of Humanitarian Affairs (OCHA) said the situation across…
- NAIROBI, Kenya, May 13 – The Ethics and Anti-Corruption Commission (EACC) has issued model procedures targeted at combating corruption and bribery. According to the Commission, the procedure guidelines will help prevent acts of corruption and bribery for both public and private entities in line…
- NAIROBI, Kenya, May 13 – Stanbic Bank has committed to facilitating Kenyan businesses’ access to China’s thriving market by enhancing seamless transactions. Speaking during the just concluded China-Africa Economic Trade Exhibition (CAETE) held in Nairobi, Paul Mungai, Head of Trade and Africa China…
- May 13 – Internet access and use is consistently associated with positive wellbeing, a new study of data from 168 countries by the Oxford Internet Institute (OII) suggests. In many parts of the world, including the EU and UK, concerns about online harms have prompted new laws. The OII says some of…
- When Fleuri Adon landed in Kenya a year ago, he spotted a gap in food supply chain within the Hotel, Restaurants and Catering (HORECA) industry, resulting into wastage of time and money to the entrepreneurs in the space. Despite the penetration of internet in the country, he says, most HORECA…
- The PR company appeared on the list for showcasing outstanding work in branding, reputation management, and engagement management for businesses operating in the financial and professional services industries. Other firms on the list include South Africa’s Clockwork Media and Mauritius’s Blast…
- NAIROBI, Kenya, May 13 – Kenya’s avocado sector is seeking improved cooperation with China in food safety to expand exports to the lucrative market. Kenya is one of the leading avocado producers in Africa, and China is a huge market for Kenyan avocado farmers and exporters. But many have failed to…
- WASHINGTON, May 12 (Xinhua) — The United States seems to be giving up on electric vehicles (EVs), as tariffs and corporate timidity are causing “an astonishing loss of nerve” in the country, “whose capitalist hunger once created the modern auto industry,” Bloomberg has reported. “Cosy within a…
- NAIROBI, May 11 (Xinhua) — Standard Chartered Bank is keen to provide significant financing to Chinese firms that uphold green ethos to expand their footprint in Africa, an executive said on Friday. There is a growing demand on the continent for sustainable consumption and production technologies…
- May 12 – Stronger than expected growth at the start of the year saw the UK emerge from recession. The economy grew by 0.6% between January and March, the fastest rate for two years, official figures showed. The UK fell into recession at the end of last year after shrinking for two three-month…
- NAIROBI, Kenya, May 12 – Kenyans are set to brace themselves for tough times ahead following the proposed 16 percent VAT on bread, which will see the price of the commodity skyrocket. According to the new proposal by the National Treasury under the Finance Bill 2024, the price of Kenya’s favorite…
- May 12 – Hundreds of climate protesters have clashed with police in Germany after attempting to storm the Tesla factory near Berlin. Several people were injured, including three police officers, during Friday’s demonstration against the proposed expansion of the electric car giant’s only European…
- NAIROBI, May 11 (Xinhua) — Kenya on Saturday issued a public alert warning against sale of a false batch of cancer medicine that poses immense health risks to civilians. Fred Siyoi, the chief executive officer of the Pharmacy and Poisons Board, a state-owned regulatory body, said that the batch of…
- By Robert Kibaara NAIROBI, Kenya, May 12 – If you were to conduct a vox pop on people’s source of inspiration or success, no doubt you would find that a large number attribute this to their mothers. The immense influence that mothers wield in society cannot be over emphasized. The contribution of…
- BY ELSA LUNANI NAIROBI, Kenya, May 12 – The season of soccer thrills is drawing to a close, with K’Ogalo, as Gor Mahia FC is fondly called by its diehard supporters, already asserting its authority as the winner of the Kenya Premier League (KPL) 2023/2024 season – marking its 21st KPL triumph.…
- HANOI, May 11 (Xinhua) — Jewelry stores in Vietnam have been crowded with customers looking to buy gold as prices kept soaring to an all-time high of over 90 million Vietnamese dong (3,536 U.S. dollars) in recent days, VnExpress reported. A store on Cau Giay street in capital Hanoi even had to stop…
- NAIROBI, Kenya, May 11 – The State Department for Diaspora Affairs is seeking to establish a Kenya-Diaspora Skills Transfer Program for Kenyans living abroad. The program will provide a platform for Kenyans based abroad to be consulted on various development policies and offer their unique skills,…
- SYDNEY, May 11 (Xinhua) — The Australian government announced on Saturday that the country will stop exporting live sheep by sea from May 1, 2028, while unveiling a package of 107 million Australian dollars (71 million U.S. dollars) to help the industry transition. Australian Minister for…
- NAIROBI, Kenya, May 11 – Kenya and China have agreed to work together to promote tourism cooperation between one another. The pact that was unveiled during the China-Africa (Kenya) Culture and Tourism Promotion and Cooperation Fair seeks to deepen industry cooperation and enhance people-to-people…
- NAIROBI, Kenya, May 11 – CCI Global, Africa’s business outsourcing firm, yesterday opened a Sh6.6 billion ($50 million) call centre at Tatu City in Ruiru, Kiambu County. Housed in a five-storey building in the 5,000-acre Special Economic Zone (SEZ), the facility is now Kenya’s largest call centre…
- NAIROBI, Kenya, May 12 – Trade and Industry Cabinet Secretary (CS) Rebecca Miano has lauded the commencement of the construction of a 250-kilometer road to bitumen standard, connecting Antananarivo and Toamasina in Madagascar, saying it will boost the growth of the region. The project, spearheaded…
- NAIROBI, Kenya, May 11 – The Electric Mobility Taskforce Kenya has called for the development of a financial model that will assess the cost-benefit analysis for Kenya to transition over time from internal combustion engine vehicles (ICEVs) to electric vehicles (EVs). In a letter directed to…
