24 May 2022 - New York, United States May 24-US retail giant Walmart said Tuesday it is dramatically ramping up its drone deliveries, expanding the airborne service to six states by year-end with the potential to deliver one million packages annually. The delivery network will broaden to 34 sites by the end of…

24 May 2022 - NAIROBI, Kenya May 24-KCB Group has appointed Paul Russo as its new Chief Executive Officer effective May 25, taking over from Joshua Oigara who has served in the role since 2013. According to a statement from the lender’s board, Oigara will be leaving the Group following the end of his contract…

24 May 2022 - NAIROBI, Kenya, May 24 – Tea Masters Cup (TMC) an international tournament for tea makers has approved Kenya through the Tea Board of Kenya (TBK) to coordinate the country’s tea industry competitions to ensure smooth integration of the local tournaments into the international TMC competitions.…

24 May 2022 - NAIROBI, Kenya May 24-I&M Group PLC has reported a Sh2.7billion net profit for the first quarter of 2022, a 44 per cent growth compared to Sh1.9 billion in the same period in 2021. During the period under review, the Group’s balance sheet and income metrics improved on the backdrop of a solid…

24 May 2022 - Paris, France, May 24 – Google celebrated on Tuesday 15 years since it kicked off its mammoth and hugely controversial effort to photograph streets in minute detail across the globe. The panoramic images of Google Street View have slipped into daily life for millions — but during its early years it…

24 May 2022 - KISUMU, Kenya, May 24 -Traders and the business fraternity in Kisumu are crying foul in the wake of the just concluded Africities Conference in Kisumu. The traders who mainly plied their ventures at Dunga beach and at Hippopoint beach lamented that they did not register any meaningful gains from…

24 May 2022 - NAIROBI, Kenya, May 24 -Faulu Microfinance bank has launched its new contactless card which now allows its users to tap and pay on the go. The card is available to all the bank account holders in Classic and Platinum variants and can be activated at any Faulu branch or at any Faulu ATM countrywide…

24 May 2022 - NAIROBI, Kenya May 24-Bolt Food has expanded its operations into Juja and Thika towns in its efforts to bring food delivery services closer to its customers. The company has onboarded new restaurants on its platform including;- KFC Thika, Chicken Inn Ananas, Caff’e Leo, Rhapsody Pizza & Cake…

24 May 2022 - NAIROBI, Kenya, May 24 – – To boost the participation of women in the Kenyan supply chain, Bamburi Cement PLC today partnered with International Finance Corporation (IFC) on a gender program that support the company increase procurement opportunities for women-owned enterprises in Kenya. Bamburi…

24 May 2022 - NAIROBI, Kenya May 24-Kenya’s mobile money use hit a new high of Sh1.82 trillion in the first quarter of 2021 as businesses fully recover from the effects of the Covid-19 pandemic, according to the latest data released by the Central Bank of Kenya. The usage is an increase from Sh1.6trillion…

24 May 2022 - NAIROBI, Kenya May 24-Diamond Trust Bank (DTB) has posted a Sh2.2billion net profit for the first quarter of 2022, a 15.8 per cent increase compared to Sh1.9 billion posted in the same period last year. The improved earnings for the lender were attributable to increased operating income and…

24 May 2022 - NAIROBI, Kenya, May 24 – BIDCO Africa Limited has added an industry first to its wide range of energy drinks, fruit juices and sodas by introducing joOz Boost+ (plus), a new beverage that helps support a healthy immune system. The Fast-Moving Consumer Goods Manufacturer launched its new product at…

24 May 2022 - KISUMU, Kenya, May 24 – The Lake Region Economic Bloc (LREB) has commenced talks with an Indian firm to build railway connectivity in the 14 counties that form the bloc. A delegation from ProCorp Enertech Private Limited India is currently in the area to conduct a pre-feasibility study for the…

24 May 2022 - TAITA TAVETA, Kenya, May 24 – Years back at an international gemstone fair in Europe, a veteran buyer drawn by a unique green stone displayed in one of the stands was perplexed to see the tag indicating the expensive stone had originated from a country in North America. After further probe, it…

24 May 2022 - Davos, Switzerland May 24-IMF leaders warned Monday that growing pressures undermining global integration, including an increase in trade barriers, threaten economic growth worldwide. In a message to officials gathering in Davos, Switzerland, IMF chief Kristalina Georgieva and her deputy, Gita…

24 May 2022 - San Francisco, United States May 24-Home rental service Airbnb is shutting down its business in China as a pandemic lockdown shows no sign of ending there, a source close to the company told AFP Monday. Airbnb will no longer book stays or visitor “experiences” in China, focusing instead on helping…

23 May 2022 - NAIROBI, Kenya, May 23 – The Government has urged business firms and the private sector to resist blackmail and extortion disguised as protection money by rogue politicians. Interior CS Dr. Fred Matiangi has said intelligence agencies are aware that politicians are extorting donations from…

23 May 2022 - NYANDARUA, Kenya, May 23 – Nyandarua County disclosed the least budget information to the public last financial year compared to its Central Economic Bloc peers, to the displeasure of its residents. According to The Kenya County Budget Transparency Survey 2021 by the International Budget…

23 May 2022 - Muscat, Oman May 23-Iran’s President Ebrahim Raisi arrived in Oman on Monday as the two countries signed a string of trade deals and as international talks on Tehran’s nuclear programme hang in the balance, leaving the Islamic republic under sanctions. Raisi, on his second Gulf visit since taking…

23 May 2022 - NAIROBI, Kenya, May 23 – Equity has introduced its Equity Virtual Assistant (EVA), the Bank’s chat banking platform on social media platforms including WhatsApp, Facebook Messenger, and Telegram. EVA chatbot offers digital banking and customer support services to existing and new customers and can…

23 May 2022 - NAIROBI, Kenya May 23-The Uganda Tourism Board (UTB) has commenced a tourist roadshow in Kenya, partnering with Kenyan tour operators in a bid to boost intra-African tourism between the two East African countries. The roadshow taking place at the Sarova Stanley Hotel in Nairobi, from May 23-25…

23 May 2022 - NANYUKI, Kenya May 23-Dalbit Petroleum Ltd has marked its 20-year anniversary by planting 1,000 trees at the Mount Kenya Wildlife Conservancy as part of its environmental conservation efforts aimed at preserving the world’s first Mountain Bongo sanctuary. The tree planting exercise was done in…

23 May 2022 - NAIROBI, Kenya, May 23 –Kenya is set to roll out a grant telemedicine program across the country to improve access to healthcare, particularly in remote and marginalized regions. Already, the government through the Communication Authority has set aside Shs600 million to fund the laying out of the…

23 May 2022 - NAIROBI, Kenya, May 23 –  Kenya Tourism Board (KTB) is capitalizing on conferences and business meetings to popularise leisure activities in the country. KTB Chief executive officer  Betty Radier says tour operators are quickly taking advantage of conferences hosted in the country to offer travel…

23 May 2022 - NAIROBI, Kenya, May 23 -Tea prices have continued to decline at the tea auction falling below the minimum price of Shs 279 set by the Kenya Tea Development Agency (KTDA). According to the East African Tea Trade Association, a kilo of tea sold at Sh 262 during the auction held last week an increase…

23 May 2022 - Washington, United States, May 23 – A US military plane bringing several tons of much-needed baby formula from Germany landed Sunday at an airport in Indiana as authorities scramble to address a critical shortage. Scarcity of medical-grade baby formula caused by production problems and supply-chain…

23 May 2022 - KAJIADO, Kenya, May 23 -Kajiado Governor, Joseph ole Lenku, has appealed to the National Government to step in and provide relief food and water, to cushion residents from the effects of the on-going drought. Lenku revealed that most parts of the County have been affected severely, following…

23 May 2022 - MOMBASA, Kenya, May 23 – Phase-Two of the Sh32 billion second container terminal at the port of Mombasa is complete and set for commissioning next month. Construction of the terminal which started in September 2018, is expected to increase the port’s annual capacity by 450,000 containers, bringing…

22 May 2022 - NAIROBI, Kenya May 22-The Ministry of Tourism & Wildlife has launched a new strategy that seeks to diversify the country’s tourism offering, moving away from dependence on Safari and Beach tourism. Dubbed “the new vision for Kenya’s tourism” the strategy will provide a road map for the sector…

22 May 2022 - KIAMBU, Kenya May 22-The government has granted a waiver of import duty capped at 540,000 metric tonnes of maize allowing cereal traders to import the grain. This follows a warning by the Agriculture Cabinet Secretary Peter Munya about an impending maize crisis in the country. In a gazette notice…

22 May 2022 - NAIROBI, Kenya May 22-Kenyans living abroad sent home Sh41.35billion in April, a Sh700million drop compared to the Sh42.05billion sent in March. According to the Central Bank of Kenya(CBK), the US remains the largest source of remittances into Kenya, accounting for 62 per cent in the period. “The…

22 May 2022 - Khanna, India May 22-When New Delhi banned wheat exports as prices soared over Russia’s invasion of Ukraine it provoked consternation abroad and drove the cereal even higher.  Now Indian farmers and traders are fuming they have been denied a windfall as domestic prices have plummeted. India is the…

21 May 2022 - NAIROBI, Kenya May 21- Movenpick Hotel & Residences Nairobi has introduced a new menu at its all-day dining restaurant; Baluba, offering a taste of East African/Continental fusion for their guests. Speaking during the relaunch on Thursday, he hotel’s General Manager – Michael Flint said, “We…

21 May 2022 - NAIROBI, Kenya May 20-Real estate company, Dowgate Properties has opened its first Safari Centre highway service station along the Nairobi-Nakuru highway, in a new servicing model for motorists and travelers. The station will offer a variety of facilities from electric vehicle charging stations to…

21 May 2022 - Bureti, Kenya May 21-Kericho County government has signed a deal with Stanbic Bank to offer financial support to Small and Medium Enterprises (SMEs) grow their businesses in addition to sponsoring digital skills trainings within the devolved unit. The memorandum of understanding (M0U) between the…

21 May 2022 - Helsinki, Finland May 21-Russia on Saturday stopped providing natural gas to neighbouring Finland, which has angered Moscow by applying for NATO membership, after the Nordic country refused to pay supplier Gazprom in rubles. Following Russia’s February 24 invasion of Ukraine, Moscow has asked…

20 May 2022 - NAIROBI, Kenya May 20-The High Court has overturned the decision of the Tax Appeals Tribunal (TAT) that ruled that the Muga Developers Ltd were not liable to pay the Sh3.5billion tax assessed by Kenya Revenue Authority (KRA). Muga Developers Ltd, whose principal shareholder is the Suraya Property…

20 May 2022 - NAIROBI, Kenya May 20- Naivas supermarket is set to open the doors of its 84th outlet in Kayole, Naivasha along Nairobi- Nakuru highway as it continues with its expansion across the country. The opening of the new store covering 18,000 square feet targets shoppers along the busy highway. The store…

20 May 2022 - NAIROBI, Kenya May 20-The Postal Corporation of Kenya (PCK) has signed a Memorandum of Understanding (MoU) with the Somaliland Postal Services to explore cooperation in the areas of mutual interest in international mail processing and delivery, knowledge exchange and innovative solutions in Kenya,…

20 May 2022 - NAIROBI, Kenya May 20-Kenya has been hailed for having one of the most developed energy sectors in Sub-Saharan Africa- and more so in the green sector. This was during the 9th edition of the oil and gas, power, and energy exhibitions, which brought in more than 30 countries and more than 200…

20 May 2022 - NAIROBI, Kenya May 20-Absa Bank Kenya has received the International Finance Corporation’s (IFC) Excellence in Design for Greater Efficiencies (EDGE) global Certification for integrating green building technologies in accordance with global standards. The bank has invested nearly Sh45 million in…

20 May 2022 - Nairobi, Kenya May 20 – WhatsApp has developed a feature that is yet to be released whereby one can “Silently exit groups” without notifying other people in the chat.  Only group admins will be able to see who exits the group, but others will not. According to the WhatsApp Desktop beta, when you…

20 May 2022 - NAKURU, Kenya, May 20 — Ascent Rift Valley Fund II LP, a leading East African private equity firm in the region has acquired a significant equity stake of Valley Hospital Limited (“Valley Hospital”) located in Nakuru City, Kenya. David Owino, Managing Partner of Ascent Capital Advisory Services LLP…

20 May 2022 - KISUMU, Kenya, May 20 – Municipal authorities in Africa should reconfigure urban planning to boost the adoption of non-motorized transport that promotes climate resilience and human health, experts said Thursday at the ninth Africities summit underway in Kenya’s western city of Kisumu. Adelheid…

19 May 2022 - NAIROBI, Kenya May 19-The Nairobi Securities Exchange (NSE)has announced the introduction of additional single stock futures to its derivatives market. The addition, which brings the total number of single stock futures offered to ten, follows a review of the eligibility criteria for admission of…

19 May 2022 - Frankfurt, Germany March 19-German carmaker Mercedes-Benz said Thursday it would focus more on high luxury vehicles in the hope of boosting profit margins.  Luxury had “always been the core of our brand” and would become the cornerstone of the manufacturer’s strategy, Mercedes-Benz CEO Ola…

19 May 2022 - NAIROBI, Kenya May 19 – Mastercard and fintech firm OPay have announced a strategic partnership which will open up digital commerce to millions of people across Middle East and Africa. The collaboration enables OPay consumers and merchants in the region – including Kenya, Pakistan, Egypt, Nigeria,…

19 May 2022 - NAIROBI, Kenya May 19-Kenyan women’s businesses have received a major boost following a commitment by Ecobank to channel more financial resources to support their growth. Speaking during the ongoing Africities conference in Kisumu, Ecobank’s Director for Commercial Banking in Kenya and East Africa…

19 May 2022 - BERN, Switzerland, May 19 – President Uhuru Kenyatta is set to open a new chancery in the Swiss Capital of Bern to enhance trade tries between Kenya and Switzerland. Speaking ahead of President Kenyatta’s official visit to Switzerland, Ambassador Andrew Kihuran said the opening of the new chancery…

19 May 2022 - NAIROBI, Kenya May 19-The East African Breweries Limited (EABL) has committed Sh100 million in a partnership with the Government to save elephants in Kenya as it marks 100 years. In a ceremony attended by Tourism Cabinet Secretary Najib Balala and Diageo CEO Ivan Menezes on Wednesday, EABL’s Group…

19 May 2022 - NAIROBI,Kenya May 19 – Tala, Kenya’s leading non-bank digital credit provider, has today announced that Munyi Nthigah has been named the new General Manager for Kenya effective immediately. In his new role, he will oversee end-to-end business growth and overall operations for Tala Kenya’s 120-…

19 May 2022 - NAIROBI, Kenya May 19-Chinese-invested Global Trade Center(GTC) is set to position Kenya as a regional commercial hub, providing a one-stop-shop for investors to live, work and play. Speaking to Capital Business, Shamim Malowa, Marketing Supervisor – GTC Kenya, Avic International Real Estate said…

19 May 2022 - THIKA, Kenya May 19-Residents of Ruiru town are upbeat that the ongoing upgrade of the urban centre through the construction of parking lots and drainage will improve its standards and boost businesses.  The 250 parking spaces being done by the Kiambu County Government have come as a relief to…

18 May 2022 - NAIROBI, Kenya, May 18  – The upgrading of Angama airstrip to an International Airport in a bid to directly connect foreign tourists to the world-famous game reserve is on course. The rehabilitation sponsored by the Government of Kenya through the Kenya Airports Authority (KAA) is expected to be…