- NAIROBI, Kenya, Nov 28 – Kenya Electricity Generating Company (KenGen) has reported significant progress on its Sh 250 million geothermal development contract with Eswatini Electricity Company (EEC). The project, which focuses on assessing the geothermal potential in three regions of Eswatini,…
- VIENNA, Nov. 28 (Xinhua) — The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, has posted its ministerial meeting, originally scheduled for Sunday, to Dec. 5. The Vienna-based OPEC said in a statement on Thursday that the ministerial meeting has been…
- WINDHOEK, Nov. 28 (Xinhua) — The Communications Regulatory Authority of Namibia (CRAN) has issued a cease-and-desist order to SpaceX’s Starlink satellite internet service, directing the company to immediately halt its operations within Namibian borders. The decision stems from an investigation that…
- NAIROBI, Kenya, Nov 28 – The Competition Authority of Kenya (CAK) has unconditionally approved the acquisition of Trapin Holdings Limited by Botswana-based Pamstad Proprietary Limited. The merger, according to CAK, will not harm competition in Kenya’s trade marketing, branding, or fast-moving…
- NAIROBI, Kenya Nov 28 – Kenya Breweries Limited’s (KBL) Senator Keg brand has kicked off a nationwide celebration marking 20 years since its launch, under the theme “Tuzidi Kuinuana” (Let’s Keep Uplifting Each Other). The campaign highlights Senator Keg’s contributions to economic growth, community…
- OTTAWA, Nov. 28 (Xinhua) — A 25 percent tariff would be damaging to both Canadian and American workers alike and would lead to job losses on both sides of the border, Canadian Prime Minister Justin Trudeau warned on Wednesday, in response to U.S. President-elect Donald Trump’s tariff threat.…
- NAIROBI, Kenya, Nov 28 – I&M Bank has announced a reduction in its lending interest rates by a total of 0.75%, aimed at increasing access to credit for individuals and businesses across Kenya. The move comes in response to the Central Bank of Kenya’s (CBK) recent cut in the Central Bank Rate (…
- NAIROBI, Kenya, Nov 28 – Craft Silicon, a financial and technology solutions provider, has been featured in the Forbes India Select 200 – DGEMS 2024, an exclusive list that recognizes entrepreneurs and companies with high global growth potential. The selection highlights Craft Silicon’s commitment…
- NAIROBI, Kenya Nov 28 – The World Macadamia Organisation (WMO) has confirmed ongoing plans to support the macadamia industry through growing demand for the superfood in the global market. Speaking at the start of a weeklong source market familiarisation visit to Kenya, WMO Chief Executive Officer…
- NAIROBI, Kenya Nov 28 – Cabinet Secretary Aden Duale inaugurated the two-day African Development Bank (AfDB) Climate Action Window (CAW) Adaptation Workshop in Nairobi, reinforcing Kenya’s leadership in Africa’s climate action efforts. Kenya has committed to cutting greenhouse gas emissions by 32%…
- NAIROBI, Kenya, Nov 28 – Public health experts across Africa are urging the adoption of science-led approaches in tobacco regulation and policy development to better support harm reduction efforts and improve public health outcomes. The experts who met in Nairobi for the fourth edition of the Harm…
- NAIROBI, Kenya, Nov 28 – Special Economic Zones (SEZs) created over 7,000 direct jobs and contributed Sh91 billion to the country’s Gross Domestic Product (GDP), according to Principal Secretary for the State Department of Industry Juma Mukhwana. Mukhwana, who spoke during the opening of the 9th…
- NAIROBI, Kenya, Nov 28 – The Director of Resource Mobilization for the International Development Association (IDA), Dirk Reinermann, has urged donor countries to fulfill their financial pledges, stressing the importance of sustained contributions to ensure continued development across the world’s…
- HOUSTON, Nov. 27 (Xinhua) — U.S. crude oil refinery inputs averaged 16.3 million barrels per day (b/d) during the week ending Nov. 22, 67,000 b/d more than the previous week’s average, according to the weekly report issued by the U.S. Energy Information Administration (EIA) on Wednesday. Refineries…
- TOKYO, Nov. 28 (Xinhua) — Toyota Motor Corp. said Thursday its global production for October fell 0.8 percent from a year earlier to 893,164 units, down for a ninth consecutive month after an 8-percent fall in September. Toyota’s overseas production tumbled 4.9 percent to 587,105 units, the…
- NAIROBI, Kenya, Nov 28- The Kenya Medical Research Institute (KEMRI) has signed a Sh15 billion MoU with Wellcome Trust, a UK charitable organization, and the University of Oxford, to support the country’s research capacity over the next 7 years. The signing, which was made on Wednesday, was led by…
- NAIROBI, Kenya, Nov 28- The Kenya Medical Research Institute (KEMRI) has signed a Sh15 billion MoU with Wellcome Trust, a UK charitable organization, and the University of Oxford, to support the country’s research capacity over the next 7 years. The signing, which was made on Wednesday, was led by…
- NAIROBI, Kenya, Nov 28 – The Ministry of Labour and Social Protection has announced a salary delay for all employees in ministries, departments, and agencies for November due to system upgrade. In a memo directed to all department heads, the director of HRM&D, P.M. Mukiri noted that the delay…
- NAIROBI, Kenya Nov 28 – Family Bank Group’s Profit Before Tax for the nine months of 2024 grew by 8 per cent to Sh3.26 billion, up from Sh3.02 billion in the same period last year. This growth was driven by a significant increase in income across various revenue streams. Total interest income…
- NOV 27 – Payless, the fintech disruptor revolutionizing Kenya’s financial services landscape, has unveiled its highly anticipated Bank-to-Payless feature. This innovative functionality allows customers to transfer up to Ksh. 250,000 per transaction and up to Ksh. 500,000 daily directly from their…
- NEW YORK, Nov. 27 (Xinhua) — Food Bank for New York City, the largest hunger relief organization in the megacity, on Monday urged Congress to significantly raise funding allocation as it saw a big increase in demand for its service in the last few years. The organization is now asking Congress to…
- NAIROBI, Kenya, Nov 27 — The Black Founders Fund (BFF) Alumni Summit unveiled the latest BFF Impact Report, highlighting the transformative role of Black-led startups in Africa’s digital economy. The report revealed that BFF-supported companies have collectively raised $379 million (Sh1.4 trillion…
- NAIROBI, Kenya, Nov 27 – The World Organisation for Animal Health (WOAH) has hosted its veterinary forum in Nairobi aimed at addressing the continent’s veterinary workforce challenges. The forum which brought together over 175 participants from 36 African countries in Nairobi focused on…
- NAIROBI, Kenya, Nov 27— Old Mutual General Insurance Kenya (OMGIK) has unveiled its new Monthly Premiums Plan, offering Kenyans a more flexible and affordable way to manage their insurance needs. The insurer says the product designed to ease the financial burden of large upfront payments enables…
- NAIROBI, Kenya Nov 27 – Airtel Money Kenya has signed a partnership with Naivas Supermarket that will allow Airtel Money customers to deposit and withdraw cash across Naivas branches countrywide. The deal is part of Airtel Money’s proactive strategy to expand its agent footprint and get closer to…
- NEW YORK, Nov. 26 (Xinhua) — The Joe Biden administration is proposing a rule that would require the U.S. government to cover weight-loss drugs, potentially expanding access for millions of Americans with obesity and creating a huge new medical bill for President-elect Donald Trump, reported…
- HARARE, Nov. 26 (Xinhua) — Zimbabwe’s monthly inflation rate dived to 11.7 percent in November from 37.2 percent in October, according to data released by the Zimbabwe National Statistics Agency (ZIMSTAT) on Tuesday. The month-on-month inflation rate was 11.7 percent in November 2024, a decline of…
- KISUMU, Kenya, Nov. 26 (Xinhua) — A two-day regional conference opened in Kenya’s lakeside city of Kisumu Tuesday amid calls for African institutions to deepen understanding of the continent’s economy and the unique challenges it faces. The Fourth Investment Conference of the African Sub-Sovereign…
- NAIROBI, Nov. 26 (Xinhua) — Kenya and the International Vaccine Institute (IVI) signed a memorandum of understanding (MoU) on Tuesday to strengthen vaccine research and production capabilities. Deborah Barasa, cabinet secretary in the Ministry of Health, said the signing marks a significant…
- NAIROBI, Kenya Nov 26–The Capital Markets Authority(CMA) has granted approval to several firms across various license categories in efforts to deepen and promote development of the capital markets. The Authority Chief Executive Officer (CEO), Wyckliffe Shamiah, noted that the licenses align with…
- JAKARTA, Nov. 26 (Xinhua) — The Indonesian government has officially rejected Apple’s 100 million U.S. dollars investment proposal for the 2024-2026 period. “The Ministry of Industry considers that the proposal submitted by Apple does not meet the aspects of fairness,” said Indonesian Industry…
- NAIROBI, Kenya, Nov 25 – Google’s products and services generated an estimated $900 million (Sh116.3 billion) for Kenya’s economy in 2023, according to a new report titled “The Digital Opportunity of Kenya.” The report highlights how Google tools such as Search, Workspace, YouTube, Cloud, and Ads…
- NAIROBI, Kenya, Nov 26 – The Cabinet Secretary for Interior and National Administration Musalia Mudavadi has announced significant changes to the Registration of Persons Rules under the Registration of Persons Act, 2024. Musalia in a legal notice asserted that the new amendments are anchored on…
- NAIROBI, Kenya, Nov 26 — Bayer East Africa has bolstered the safety of Kenyan farmers by donating 1,000 pairs of nitrile gloves, 1,000 masks, and 1,000 goggles to the Cereal Growers Association (CGA). The donation is part of Bayer’s commitment to improving agricultural practices and safeguarding…
- SAN FRANCISCO, Nov. 26 (Xinhua) — Apple on Monday announced its list of finalists for “iPhone App of the Year” award. The company’s 2024 list of top iPhone finalists favors more traditional iOS apps, including those that help iPhone users perform specific tasks like recording professional video (…
- NAIROBI, Kenya, Nov 26 – The Kenya Electricity Generating Company PLC (KenGen) has been appointed to the Multi-Sectoral Technical Committee (MSTC) to spearhead Kenya’s carbon market framework development. Environment Cabinet Secretary Aden Duale confirmed the three-year appointment, effective…
- NAIROBI, Kenya, Nov 26 – The International Fund for Animal Welfare (IFAW), World Wide Fund for Nature-Kenya (WWF-Kenya), and The Nature Conservancy (TNC) have signed a five-year Memorandum of Understanding (MoU) to enhance community-centered nature conservation. The partnership focuses on…
- NAIROBI, Kenya, Nov 25 – The Kenya Revenue Authority (KRA) has unlocked Sh21.9 billion through the Alternative Dispute Resolution (ADR) mechanism. This was following the conclusion of 1,184 cases in the 2023/2024 Financial Year 2023/2024. This achievement is attributed to the improvement of the tax…
- NAIROBI, Kenya, Nov 25 -Kenya Airways has been awarded Africa’s Best Airline Website 2024 and Africa’s Best Airline App 2024 at the 4th Annual World Travel Tech Awards. KQ’s website (www.kenya-airways.com) was recognized for its user-friendly design and intuitive features, ensuring that travelers…
- NAIROBI, Kenya Nov 25 – The African Economic Research Consortium (AERC), in partnership with the Central Bank of Kenya (CBK), has announced that the 61st Biannual Plenary Session focusing on the FinTech Revolution in Africa is now scheduled for December 1st, 2024, at Glee Hotel in Nairobi, Kenya.…
- NAIROBI, Kenya, Nov 25 – The High Court has issued conservatory orders suspending the legal notice that granted the Bill and Melinda Gates Foundation diplomatic immunity and privileges under the Privileges and Immunities Act. In his ruling, Justice Mwamuye ordered the immediate suspension of the…
- NAIROBI, Kenya, Nov 25 – Uptake Education, in collaboration with iHub and the Mastercard Foundation Ed Tech Fellowship, has launched a revolutionary digital content platform aimed at empowering learners with disabilities. The partners say this platform promises to significantly enhance access to…
- MOSCOW, Nov. 24 (Xinhua) — Russian President Vladimir Putin on Saturday signed a new law allowing participants in the Special Military Operation (SMO) and their spouses to write off overdue loans of up to 10 million rubles (about 96,000 U.S. dollars). The legislation, set to take effect on Dec. 1,…
- NAIROBI, Kenya, Nov 23 – Equity Bank, through its ongoing Equity Trade Mission to the Democratic Republic of Congo (DRC), continues to create transformative opportunities for Kenyan and international entrepreneurs and investors. The mission, which is designed to open up one of Africa’s most dynamic…
- MEXICO CITY, Nov. 22 (Xinhua) — Mexico’s Gross Domestic Product (GDP) grew by 1.6 percent year on year in the third quarter this year, figures released on Friday by the National Institute of Statistics and Geography (Inegi) showed. The revised figure slightly exceeds the preliminary estimate of 1.5…
- NAIROBI, Kenya, Nov 23 – Citizens across 22 African countries are calling on their governments to demand more support from rich and developed nations to address the devastating impacts of climate change, according to a new Afro barometer survey. The findings highlight growing public concern over…
- NAIROBI, Kenya, Nov 23– Standard Chartered Bank has announced a Sh22.5 billion in Profit before Tax, in its Q3 results 64 percent increase compared ton a similar period last year. The lender the surge is driven by increased operating income and controlled expenses. Its CEO, Kariuki Ngari,…
- NAIROBI, Kenya, Nov 22 – Africa and Middle East trade industry players have partnered to unveil the Elite Jamboree aimed at bolstering economic ties between Africa and the Middle East. The Jamboree is set to debut on December 4 at Atlantis the Royal in Dubai. bringing together industry players from…
- NAIROBI, Kenya, Nov 22 -Kenya has reaffirmed its commitment to combating counterfeiting and safeguarding intellectual property (IP) rights with the official release of the Second International Symposium on Intellectual Property Protection and Enforcement (ISIPPE-2) Report. The event, held at the…
- NAIROBI, Kenya, Nov 22 – Kenya is aligning the National E-Commerce Strategy to the East African e-commerce strategy, AfCFTA protocol on E-Commerce and UN Sustainable Development Goal no. 9. Trade Principal Secretary Alfred K’Ombudo said the Government will align with international best practices…
