- BERLIN, Nov. 16 (Xinhua) — Germany’s healthcare sector faces the most severe skilled labor shortages among all industries, according to a study released Saturday by the Competence Center for Securing a Skilled Workforce at the German Economic Institute. Approximately 47,400 positions in the…
- NAIROBI, Nov. 16 (Xinhua) — Kenya expects a boost in tourist numbers from the Asia Pacific region following AirAsia X’s inaugural flight from Kuala Lumpur, Malaysia, to Nairobi early Saturday, senior officials said. Rebecca Miano, Kenya’s cabinet secretary of tourism and wildlife, said that the…
- NAIROBI, Kenya, Nov 16 – AirAsia X (AAX), the low-cost arm of AirAsia, has launched its inaugural flight from Kuala Lumpur to Nairobi. The airline says its first-ever direct flight to Nairobi signals a significant step towards diversifying Kenya’s tourism markets and fostering deeper trade and…
- BUSIA, Kenya, Nov 16 – Busia Governor Paul Otwoma has signed a Memorandum Of Understanding (MOU) with Kenyatta International Conference Center (KICC)to help establish and develop Meetings, Incentives, Conferences and Exhibitions (MICE) tourism in the County. This partnership is the formulation of…
- SAN FRANCISCO, Nov. 15 (Xinhua) — Boeing has laid off more than 400 members of its professional aerospace labor union, the union said Friday. As of Thursday evening, Boeing had sent layoff notices to 438 union members of the Society of Professional Engineering Employees in Aerospace. The union’s…
- NAIROBI, Kenya, Nov 16 – Equity Bank has signed a trade credit financing deal with BPI France, a French investment bank, to support Small and Medium Enterprises (SMEs) in Kenya and the wider East African region. The partnership will offer local and regional investors funding in both US dollars and…
- NAIROBI, Kenya, Nov 15 – Kenya University Student Association’s President Antony Manyara has filed a petition at the National Assembly compelling Mps to direct President William Ruto to declare Femicides and Gender based violence a National Disaster. This comes after the country witnessed increase…
- NOV 15 – The UK economy barely grew between July and September, with uncertainty about the Budget being blamed for the weak growth. The economy slowed over the three-month period, growing by just 0.1%, and shrank during September itself. Labour made boosting economic growth its top priority when it…
- NAIROBI, Nov. 15 (Xinhua) — Kenya’s economy continues its strong recovery from past global and domestic challenges, achieving robust growth, the country’s Cabinet said. The Cabinet, chaired by President William Ruto in Nairobi, said that all macroeconomic indicators are signaling a positive…
- NOV 15 – The UK must “rebuild relations” with the EU “while respecting the decision of the British people” who voted to leave in 2016, the Bank of England’s governor has said. Andrew Bailey’s Mansion House speech to investors marked some of his strongest comments yet on Brexit, saying one of its…
- NAIROBI, Kenya, Nov 15 – Treasury Cabinet Secretary John Mbadi has reassured vehicle owners insured by Directline Assurance Company that their claims will be processed without delays, despite the company’s ongoing ownership dispute. Appearing before the National Assembly Finance Committee, Mbadi…
- OTTAWA, Nov. 15 (Xinhua) — Some 55,000 postal workers represented by the Canadian Union of Postal Workers (CUPW) went on a nationwide strike on Friday. The union issued a statement at midnight saying that after a year of bargaining with little progress, postal workers made the difficult decision to…
- NAIROBI, Kenya, Nov 15 – Concerns have been raised by Kenyan consumers over unlabeled poultry products sold in select supermarkets, allegedly originating from Uganda. These products, discovered during a recent spot check, fail to meet Kenya Bureau of Standards (KEBS) labeling regulations, sparking…
- NAIROBI, Kenya, Nov 14 – Equity Group has launched a German Desk in partnership with DEG (Deutsche Investitions- und Entwicklungsgesellschaft) to attract German SMEs and businesses operating in East Africa. The desk will provide services such as account opening, trade facilitation, credit lines,…
- NAIROBI, Kenya, Nov 14 – NCBA Bank has signed a Memorandum of Understanding (MoU) with global payment platform Xpress Money to expand remittance services for diaspora customers. The partnership gives NCBA customers access to Xpress Money’s network of over 185,000 locations in 160+ countries,…
- NOV 15 – One of the innovations at this year’s Paris Olympics was supposed to be an electric flying taxi service. Germany’s Volocopter promised its electric-powered, two-seater aircraft, the VoloCity, would be ferrying passengers around the city. It never happened. Instead the company ran…
- NOV 15 – A hacker has been sentenced to five years in a US prison for laundering the proceeds of one of the biggest ever cryptocurrency thefts. Ilya Lichtenstein pleaded guilty last year in the case involving the Bitfinex cryptocurrency exchange being hacked in 2016 and the theft of almost 120,000…
- NAIROBI, Nov. 15 (Xinhua) — Four counties in Kenya’s arid and semi-arid lands (ASAL) have sunk into the “alert” drought phase, leaving about a million people at risk of starvation, the National Drought Management Authority (NDMA) said on Thursday. According to an NDMA report released in Nairobi,…
- NAIROBI Kenya, Nov 15- African Originals a Kenya’s craft spirits brand won the Kenya Beverage Excellence Awards 2024. The Company has clinched multiple awards underscoring its commitment to quality and innovation in the beverage industry. It was awarded as the Most Preferred Ready-to-Drink Tea ,…
- BRUSSELS, Nov. 14 (Xinhua) — The European Commission announced on Thursday that it will evaluate whether Booking Holdings, which operates the online platform Booking.com for short-term real estate rentals, complies with the Digital Markets Act (DMA). In its statement, the Commission noted that…
- NAIROBI, Kenya, Nov 14 – Bolt has announced a Sh14 billion investment over the next three years to improve platform safety and increase awareness of its safety features. Linda Ndungu, Bolt’s General Manager, stated that the funds will support a team of 500 specialists focused on proactive safety…
- By Rajat Khosla NOV 14 – Each year, millions of women and children around the world die from preventable causes. Maternal, newborn, and child health (MNCH) is a shared global priority, yet we often overlook one of its most pressing—and preventable—barriers: violence against women. As we mark the 16…
- NAIROBI, Kenya, Nov 14 –Businesswomen across Africa are pushing for sustained inclusivity and expanded opportunities in the procurement sector, underscoring the need for greater support in accessing global trade networks and procurement channels. The call to action came during the WEConnect…
- NAIROBI, Kenya, Nov 14 – The COMESA Competition Commission has approved Amsons Group’s bid to acquire Bamburi Cement, confirming that the transaction poses no risk to competition in the regional market. “It is unlikely the merger will create a dominant position enabling unilateral market control,”…
- NAIROBI, Kenya, Nov 14 — Co-operative Bank of Kenya recorded a net profit of Sh26.8 billion for the third quarter of 2024, representing an 8.5 percent year-on-year growth. This performance was driven by increases in customer loans and deposits, supporting growth in both interest and non-interest…
- GABORONE, Nov. 14 (Xinhua) — Botswanan Vice President Ndaba Gaolathe has encouraged renewable energy leaders to dream big and set greater targets to position Botswana as Africa’s solar energy leader. Gaolathe told the National Renewable Energy Dialogue in Gaborone, the capital, that the previous…
- NAIROBI, Kenya, Nov 14 – The Capital Markets Authority (CMA) has approved four new funds to offer diversified investments in different asset classes and geographical regions for investors. The funds licensed by asset management firms seek to address investors’ diversified investment needs. Britam…
- NAIROBI, Kenya, Nov 14 – The Port of Mombasa has reported a 13.9 percent increase in cargo throughput, handling 33.8 million tons of cargo in the first half of 2024, up from 29.7 million tons during the same period last year. The surge, amounting to an additional 4.1 million tons, surpasses the…
- CANBERRA, Nov. 14 (Xinhua) — The Australian government has announced a new plan to force social media companies to take proactive steps to ensure the wellbeing of their users. Michelle Rowland, the Minister for Communications, on Wednesday night committed to legislate Digital Duty of Care…
- NAIROBI, Kenya, Nov 14 – The Central Bank of Kenya (CBK) has issued a warning to the public about malicious actors spreading false information regarding changes in the banking system. In an official statement, CBK assured Kenyans that the banking sector remains stable, resilient, and adequately…
- SACRAMENTO, United States, Nov. 13 (Xinhua) — California cities have dominated the list of the most expensive U.S. cities for single-family rentals, claiming 18 of the nation’s top 20 costliest cities to rent a home, according to the latest report by a rental data website. Among large U.S. cities…
- NAIROBI, Kenya, Nov 14 – Global security firm G4S Kenya has announced plans to lay off approximately 400 employees over the next six months. In a letter to the Ministry of Labour and Social Protection, G4S stated that the redundancy exercise will take place gradually from November 2024 to April…
- NOV 14 – Apple is facing a legal claim accusing it of effectively locking 40 million British customers into its iCloud service and charging them “rip off prices.” Consumer group Which? says the legal action – which it has launched – could result in a £3bn payout if it is successful, equivalent to £…
- NAIROBI, Kenya, Nov 14 – A survey by the Rural and Urban Private Hospitals Association of Kenya (RUPHA) has found that over 55 percent of patients are turning to out-of-pocket (OOP) payments following the rollout of the new Social Health Insurance Funding (SHIF) model. Approximately 94 percent of…
- NOV 14 – Uranium is making a comeback thanks to a renewed focus on nuclear energy as a climate crisis solution. Canada, rich with high-grade deposits, could become a nuclear “superpower”. But can its potential be realised? Leigh Curyer had been working in uranium mining for nearly two decades when…
- NOV 13 – British newspaper group the Guardian has announced it will no longer post on X, formerly Twitter, saying it has become a “a toxic media platform”. In a message to readers, it said the US presidential election “underlined” its concerns that its owner, Elon Musk, had been able to use X to “…
- NOV 13 – Inflation in the US picked up last month, as progress toward stabilising prices appeared to stall. Consumer prices rose 2.6% over the 12 months to October, driven by higher housing and food costs, the Labor Department said. That marked a slight uptick from 2.4% the month before. The latest…
- NAIROBI, Nov. 13 (Xinhua) — The World Food Program (WFP) said Tuesday that it requires 137.6 million U.S. dollars in net funding to provide humanitarian aid to one million food-insecure Kenyans over the next six months. The WFP estimates that one million Kenyans, primarily in arid and semi-arid…
- ADDIS ABABA, Nov. 13 (Xinhua) — The Ethiopian Industrial Parks Development Corporation (IPDC) on Tuesday announced that the Dire Dawa Free Trade Zone, the country’s first free trade zone, has become fully operational. The free trade zone will boost the East African country’s capabilities in…
- NAIROBI, Kenya, Nov 13 – All Kenyan tenders less than Sh1 billion will be reserved for local companies if Parliamentarians give nod to the proposed Public Procurement and Asset Disposal (Amendment) Bill. According to the government, the move is aimed at increasing opportunities for local firms in…
- WASHINGTON, Nov. 12 (Xinhua) — U.S. President-elect Donald Trump announced Tuesday that he has chosen entrepreneurs Elon Musk and Vivek Ramaswamy to lead a new “Department of Government Efficiency” in his second administration. “Together, these two wonderful Americans will pave the way for my…
- NAIROBI, Kenya, Nov 13 – MultiChoice Group posted strong revenue growth across its new products for the six months ending 30 September 2024. DStv Stream saw a 71 percent increase, DStv Internet grew by 85 percent, and DStv Insurance rose by 31 percent. King Makers experienced a 27 percent rise in…
- NAIROBI, Kenya, Nov 13 – Global cloud communications platform Infobip has been ranked number one among Established Leaders in Juniper Research’s RCS Business Messaging Competitor Leaderboard 2024. The ranking reflects Infobip’s strong presence in the global messaging market and its strategic…
- NAIROBI, Kenya, Nov 13 – Standard Chartered Bank has announced the launch of the 7th edition of its Standard Chartered Cup a 5-a-side futsal tournament that highlights the lender’s ongoing partnership with Liverpool FC. According to the lender,this year’s tournament promises an opportunity for…
- NOV 13 – Financial markets greeted Donald Trump’s victory in the US presidential election with a blistering rally. That’s despite considerable debate about how Trump’s plans for tariffs, lower taxes and mass migrant deportations might affect the world’s largest economy. A week on, the surge finally…
- NOV 13 – Several airlines have cancelled flights to and from Bali due to dangerous ash clouds from a volcano near the Indonesian holiday island. Qantas, Jetstar and Virgin Australia advised passengers of the disruptions on Wednesday, saying the ash from Mount Lewotobi Laki-laki made it unsafe to…
- NAIROBI, Kenya, Nov 13 – TikTok has disclosed that over 360,000 videos were removed from its platform in Kenya during the second quarter of 2024 for violating its Community Guidelines. This accounts for approximately 0.3 percent of all videos uploaded in the country during the period. The company’s…
- NOV 13 – Volkswagen Group (VW) and Tesla rival Rivian have launched a joint venture, with the German car giant increasing its investment in the partnership. The two companies say the deal is now worth $5.8bn (£4.55bn) – up from an initial pledge from VW of $5bn. Shares in the US electric vehicle (…
- NAIROBI, Kenya, Nov 13 – President William Ruto has nominated Gerald Nyaoma Arita as the second Deputy Governor of the Central Bank of Kenya (CBK), succeeding Sheila M’mbijiwe, who retired in June. Arita, currently the Director of the Bank Supervision Department at CBK, brings 36 years of…
- NAIROBI, Kenya, Nov 13 – Gitson Energy Limited has petitioned the Kenyan High Court to join the Law Society of Kenya’s case challenging the KETRACO-Adani contract as an Interested Party. The renewable energy developer filed its petition on November 8, 2024, through its advocates, Theuri Wesonga and…
