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- JULY 27 – Airbus, the global aircraft manufacturer, has admitted the company is falling behind on its orders. Guillaume Faury, the company’s chief executive officer, said there are “bottlenecks” in the supply chain. “We have more demand than the ability to supply,” he said. Mr Faury was speaking at…
- NAIROBI, Kenya, July 27 – Betting firms integration into the Kenya Revenue Authority’s (KRA’s) tax system boosted revenue collection during the 2023/24 financial year. The taxman recorded a 26.2 percent growth in revenue collection from gambling activities, reaching Sh24.2 billion, up from Sh19.2…
- VIENNA, July 26 (Xinhua) — The International Atomic Energy Agency (IAEA) on Friday reiterated its concerns over the lingering “highly challenging” nuclear safety and security situation at the Zaporizhzhia nuclear power plant (ZNPP). IAEA Director-General Rafael Grossi noted in a statement the…
- RIO DE JANEIRO, July 26 (Xinhua) — Finance ministers and central bank presidents of the Group of Twenty (G20) concluded their third meeting Friday in Rio de Janeiro, adopting a joint communique that calls for a more just, stable, and efficient international tax system. “We acknowledge the urgency…
- NAIROBI, July 26 (Xinhua) — The China (Anhui)-Kenya Economic and Trade Conference was held on Thursday in the Kenyan capital of Nairobi to promote trade relations between the two sides. The event attracted a high-level delegation from east China’s Anhui Province, senior Kenyan government officials…
- JULY 26 – A week after a faulty update caused a global IT outage that grounded flights and knocked TV stations off-air, the boss of CrowdStrike has revealed nearly all systems are back online. In a post on LinkedIn, George Kurtz said “over 97%” of systems running its software were back online as of…
- NAIROBI, Kenya, July 26 – TotalEnergies and M-Gas have joined hands to enhance clean cooking accessibility in Kenya through a ‘Pay-as-You-Cook’ formula. Through the partnership, M-Gas will contribute its ‘Pay-as-You-Cook’ smart meters to its 400,000 households, which will be installed on…
- NAIROBI, Kenya, July 26 – The government will shortly be proposing changes to the relevant law to seal the loopholes that undermine the fight against corruption, President William Ruto has said. The President said the Executive will work together with the criminal justice system to ensure…
- By Amogh Wadwalkar JULY 26 – The rise of Information and Communication Technology (ICT) in Kenya, with mobile phones in nearly every hand and internet coverage growing nationwide, is driving a wave of innovation that’s reshaping everyday life. From how people access financial tools to the ways they…
- PARIS, July 26 (Xinhua) — TGV high-speed train traffic on France’s Atlantic, Northern and Eastern routes was severely disrupted due to arson attacks aimed at damaging installations, the French national rail company SNCF announced on X Friday morning. According to the SNCF, 800,000 passengers were…
- NAIROBI, Kenya, July 26 – The Director General of the Energy and Petroleum Regulatory Authority (EPRA) has been nominated to lead a 13-member steering committee of the Regulatory Energy Transition Accelerator (RETA) as Chair. Kiptoo will oversee a team that works with energy regulators to…
- NAIROBI, Kenya, JULY 26 – Facebook and WhatsApp have emerged as the leading social media platforms among Kenyans, according to the latest Audience Measurement and Industry Trends report released by the Communication Authority of Kenya (CA). Video-sharing platforms TikTok and YouTube closely follow…
- JULY 26 – OpenAI is working on adding new powers to its artificial intelligence (AI) bot, as it seeks to edge out Google as the go-to search engine. The company said it was trialling a search feature that incorporates real-time information into its ChatGPT product, allowing the bot to respond to…
- NAIROBI, Kenya, July 26 – Google says that it is committed to making artificial intelligence (AI) helpful for businesses by conducting training for business owners. This was said during an AI in Action event yesterday and follows the recent unveiling of the Gemini AI platform, which Google believes…
- JULY 26 – Major video game makers – like Activision, Warner Bros and Walt Disney – are facing a strike by Hollywood performers over the use of artificial intelligence (AI). It follows a year and half of talks over a new a contract between the companies and a union representing more than 2,500 video…
- ST. PETERSBURG, July 25 (Xinhua) — As of July 1, about 1.86 million passenger cars of Chinese brands were registered in Russia, accounting for 4 percent of the total, according to a report released by Russia’s analytical agency Autostat on Thursday. Chery is the most popular Chinese car brand in…
- NAIROBI, Kenya, July 26 – Climate change has made extreme weather events like drought, higher temperatures, and heavy rainfall become common and severe in Kenya, the Kenya Meteorological Department has said. In a report on climate change impacts in Kenya, the weatherman said that climate change…
- NAIROBI, Kenya, July 26 – Safaricom shareholders have approved a Sh0.65 dividend per share, amounting to Sh26.04 billion for the financial year ended March 31, 2024. This follows an interim dividend of Sh0.55 per share, totalling Sh22.04 billion, paid in March 2024. The company’s total dividend…
- Nairobi, Kenya, [26/7/2024] – Xiaomi Kenya proudly introduces the Redmi A3x, a masterpiece of modern design and cutting-edge technology. This innovative smartphone, with its stunning glass back and ultra-smooth 6.71” 90Hz display, is set to elevate your user experience to new heights. Sleek Glass…
- July 25 – India’s card payments market is expected to experience substantial growth in 2024, with a forecasted increase of 11.3%, reaching Rs 28.4 trillion (USD 344 billion), according to GlobalData, a data and analytics company. This growth is driven by a rising consumer preference for non-cash…
- CAIRO, July 25 (Xinhua) — Egypt raised pump prices for gasoline and diesel again on Thursday, the latest step in its economic reform program aimed at managing fuel subsidies, the Ministry of Petroleum and Mineral Resources said in a statement. The Fuel Automatic Pricing Committee adjusted prices…
- LOS ANGELES, July 25 (Xinhua) — Locking China all down on the artificial intelligence (AI) technology is “really wrong,” Mark Zuckerberg, CEO and co-founder of Meta Platforms Inc., the parent company of Facebook, said Wednesday. On the question of how the United States should approach the AI…
- NAIROBI, Kenya, May 25 – The Tourism Principal Secretary, John Ololtuaa, has urged African states to join forces and champion the sustainability of tourism in the region and the continent’s competitiveness in the global arena. Speaking at the 67th Meeting of the UN Tourism Regional Commission for…
- NAIROBI, Kenya, May 25 – The Public Service Commission has announced 106 fresh government job vacancies despite declaring that it has halted the recruitment of public servants. During the presentation of the 2024–2025 budget highlights in the middle of last month, the former Treasury Cabinet…
- JULY 25 – A new non-surgical heart procedure is proving to be a game changer, particularly for patients with critical underlying illnesses. Traditionally, these heart patients were treated surgically by replacing the damaged heart valve with an artificial valve via open-heart surgery. However, such…
- JULY 25 – Financial markets in the US and Asia have fallen sharply as investors sell off shares in technology companies, with artificial intelligence (AI) stocks hit particularly hard. In Wednesday’s trading in New York, the S&P 500 lost 2.3% and the tech-heavy Nasdaq fell 3.6%, in their…
- NAIROBI, Kenya, July 25 – I&M Bank Rwanda has confirmed Nikhil Rustam Hira as the new board chair effective July 15, 2024. Hira takes over from Bonaventure Niyibizi, who is retiring. Since 2019, the new chair has been serving on the bank’s board as an independent director and chairperson of the…
- NAIROBI, Kenya, July 25 – Kenya Airways (KQ) will from next month stop its 5 weekly flights to Bangui in the Central African Republic amid low demand and poor performance. The suspension, which is slated for August 9, 2024, will however not affect cargo services. The national carrier said that it…
- SEOUL, July 25 (Xinhua) — South Korea’s chipmaker SK hynix logged its record-high revenue in the second quarter thanks to strong demand for semiconductors used in artificial intelligence (AI) computing, a regulatory filing showed Thursday. Revenue surged 124.8 percent from a year earlier to hit a…
- SEOUL, July 25 (Xinhua) — South Korean tech company LG Electronics posted a double-digit growth in the second-quarter operating profit due to solid sales of home appliances and vehicle components, the company said Thursday. Consolidated operating profit spiked 61.2 percent over the year to 1.2…
- NAIROBI, July 25 (Xinhua) — Experts began a three-day meeting in Nairobi, the capital of Kenya, Wednesday to discuss ways of boosting the dairy sector in Africa. The Dairy Tech Africa conference gathered more than 100 exhibitors and 500 delegates composed of officials from United Nations agencies,…
- VIENNA, July 24 (Xinhua) — The Organization of the Petroleum Exporting Countries (OPEC) Secretariat said Wednesday that it received compensation plans from Iraq, Kazakhstan and Russia for their overproduced oil volumes in the first half of 2024. OPEC said in a statement that the combined…
- NAIROBI, Kenya, July 25 – Zambia’s central bank said on Wednesday that it will take a cautious approach on banning the use of the U.S. dollar in local transactions to avoid distortion in the economy. Denny Kalyalya, governor of Bank of Zambia (BoZ), said the central bank was currently getting…
- NAIROBI, Kenya, July 25 – Africa’s green economy has the potential of creating up to 3.3 million new direct green jobs on the continent by 2030, with the majority particularly in the renewable energy solar sector. According to the ‘Forecasting Green Jobs in Africa’ latest report by FSD Africa and…
- BY TAMARA RAJIC JULY 24 – The rapid advancement of artificial intelligence (AI) has captured the world’s attention, permeating businesses across all sectors at an astonishing pace. Embracing AI technologies is essential for businesses to remain competitive and meet the evolving demands of customers…
- NAIROBI, Kenya, July 24 – Kenyan-hailing American-based food outlet Swahili Village has reached a no-fault settlement with the District of Columbia over allegations of wage theft, concluding a year-long legal dispute. The decision, the restaurant asserts, was made voluntarily to allow the business…
- JULY 24 – China’s economic slowdown and a crackdown by Beijing on displays of wealth are taking a toll on some of the world’s top luxury brands. LVMH says its sales in Asia, which include China but not Japan, fell by 14% in the three months to the end of June, worsening from a 6% […]
- NAIROBI, Kenya Jul 24 – President William Ruto now says that the government will drop charges against innocent persons arrested in the recent protests across the country. Addressing the Nation on Wednesday at Statehouse Ruto admitted instances where the police used excessive, unlawful, and…
- NAIROBI, Kenya, July 24 – Nominated Member of Parliament (MP) John Mbadi has been picked to be the new National Treasury Cabinet Secretary by President William Ruto. Mbadi, who is in his fourth term as a legislator, will be taking over from Njuguna Ndung’u, who was shown the door by the President…
- TOKYO, July 24 (Xinhua) — The population of Japanese nationals fell by 861,000, or 0.70 pct, in 2023 from a year earlier to 121,561,801, dropping for the 15th year in a row and marking the steepest decline since the survey began in 1968, government data showed Wednesday. As of Jan. 1, 2024, Japan’s…
- NAIROBI, Kenya, July 24 – Kenyans are more worried about their health problems than unemployment as well as cost of living, according to a new report by AfroBarometer. The Pan-African latest data shows that half, or 50 percent, of Kenyans are concerned about health challenges, followed by high cost…
- NAIROBI Kenya, Jul 24 – Kenya Airports Authority (KAA) has clarified that the Adani Airport Holdings Limited Group will be investing in a new passenger terminal building at the Jomo Kenyatta International Airport (JKIA) amid claims of sell of the airport to the group. KAA Acting Managing Director…
- NAIROBI, Kenya, Jul 24 – President William Ruto has urged the newly sworn-in Commissioner General of Prisons, Patrick Aranduh, to accelerate decent housing programs for officers to boost their morale. Speaking during the swearing-in ceremony held at the Statehouse, Nairobi, on Wednesday, Ruto…
- KATHMANDU, July 24 (Xinhua) — A domestic plane carrying 23 people crashed on Wednesday at the Tribhuvan International Airport in Kathmandu, Nepal’s capital, an official said. A witness said the plane nosedived into the ground and an explosion could be heard inside the airport. The plane belonged to…
- NAIROBI, Kenya, July 24 – Over 85,000 registered nurses and clinical officers will enjoy indemnity insurance in the new expansion by Britam General Insurance. While professional indemnity insurance is not mandatory for them, it is for doctors in Kenya. Eligible healthcare professionals for this…
- SAN FRANCISCO, July 23 (Xinhua) — Alphabet Inc., Google’s parent company, on Tuesday reported its second-quarter revenue at 84.74 billion U.S. dollars, up 14 percent from the same period last year. Announcing its financial results for the quarter that ended June 30, 2024, the company said that its…
- SAN FRANCISCO, July 23 (Xinhua) — U.S. electric vehicle maker Tesla on Tuesday reported a revenue of 25.5 billion U.S. dollars in the second quarter of fiscal 2024, up 2 percent over a year ago. Tesla posted 1.48 billion dollars in net income for the quarter that ended on June 30, representing a 45…
- NAIROBI, Kenya, July 24 – Kenya Airways (KQ) has relaunched KQ Holidays, an online platform that allows customers to book for holiday packages in various countries. Through the KQ Holidays platform, flyers can book flights, accommodations, airport transfers, and tours under one system. “The new KQ…
- NAIROBI, Kenya, July 23 – Data annotation company Sama has partnered with the University of Nairobi in a pact aiming at advancing the generative AI (GenAI) industry in Kenya. The collaboration will provide part-time employment opportunities for UoN faculty and students, offering them valuable…
- NAIROBI, Kenya Jul 23 – Numeral IOT, an IT provider company, has unveiled TransitTag, a real-time monitoring system for children’s bus commutes. The TransitTag, powered by the Numeral Infinity Engine, a Kenyan-made communication module for IoT devices, will include wearable wrist tags that will…