6 Aug 2020 - TOKYO, Japan, Aug 6 – Toyota on Thursday warned of a 64 percent drop in full-year net profit and reported a slump in quarterly earnings, as the coronavirus pandemic shreds the global auto market. Japan’s top car maker, which had previously declined to give a bottom-line forecast because of ongoing…

5 Aug 2020 - NAIROBI, Kenya, Aug 5- Telkom Kenya has announced that it is no longer pursuing a merger with Airtel Kenya Networks Limited. Telkom Chief Executive Officer Mugo Kibati in a statement announced that the two firms have made an agreement to stop the merger plans and that Telkom will pursue other…

5 Aug 2020 - SAN FRANCISCO, United States, Aug 5 – Instagram on Wednesday added a new short-form video feature to the image-focused platform in a direct challenge to TikTok, which is in the crosshairs of US President Donald Trump. “Reels” lets users record videos of up to 15 seconds and provides tools for…

5 Aug 2020 - NAIROBI, Kenya, Aug 5 – Equity has signed a Memorandum of Understanding with Crown Healthcare to enable SMEs in the medical sector to acquire medical equipment. Under the agreement, Equity will provide equipment financing, trade finance solutions, working capital facilities as well as offer the…

5 Aug 2020 - NAIROBI, Kenya, Aug 5 – Kenyans are set to receive free advice on Non – Communicable Diseases (NCDs) in all Goodlife Pharmacies across the country in a new campaign dubbed wellness 360. The campaign follows a partnership between Goodlife Pharmacy and Phillips Pharmaceutical where Goodlife pharmacy…

5 Aug 2020 - NAIROBI, Kenya, Aug 5 – Kenyan firms saw a renewed improvement in economic conditions during the month of July, as the lifting of regional border controls led to sharp rises in output and new business, a survey of purchasing managers by Stanbic Bank has shown. Stanbic’s PMI output index turned…

5 Aug 2020 - NAIROBI, Kenya, Aug 5- Kenya’s volume of trade in the international market increased by Sh13.75 billion in June. Kenya National Bureau of Statistics in its Leading Economic Indicators report reveals that the country’s trading volume increased from Sh155.90 billion in May 2020 to Sh169.65 billion in…

5 Aug 2020 - BEIRUT, Lebanon, Aug 5 – Lebanon, a small multi-confessional country which endured a devastating 15-year civil war, has often been caught in the crossfire of regional conflicts. The tragic explosions at Beirut port on Tuesday struck with the country mired in its worst economic crisis for decades,…

5 Aug 2020 - NAIROBI, Kenya Aug 5 – Qatar Airways has resumed 14 weekly flights to Kenya’s capital Nairobi. A statement from the airline said the flights resumed on August 3. The airline said it remained one of the largest carriers during the pandemic, with a steady schedule that never dropped below 30…

4 Aug 2020 - NAIROBI, Kenya, Aug 4- Intercontinental Hotels Corporation Limited is considering the permanent closure of its unit in Nairobi, through winding up its operations in Kenya. The hotel in a notice through its appointed attorney Oliver Geyer announced that the move is as a result of operation reasons…

4 Aug 2020 - NYERI, Kenya, Aug 4 – After seeing the struggle his parents and villagers at Kihuti in Mukurweini were going through while selling bananas at Ichamara market, Reuben Kibue has decided to set up a food processing plant in their village to end the exploitation of farmers by buyers. The Rutune Primary…

3 Aug 2020 - MOMBASA, Kenya, Aug 3 – Mombasa county’s five star rated beach resort PrideInn Paradise has reopened to domestic tourists for business after a hiatus of four months. The hotel suspended operations on 30th March 2020 following government’s directives to the public to avoid unnecessary travel and ban…

3 Aug 2020 - HARARE, Zimbabwe, Aug 3 – Trading resumed on the Zimbabwe stock exchange on Monday a month after it was ordered to halt business by authorities scrambling to protect the country’s currency, the bourse chief said. In a dramatic move on June 29, the government of the crises-plagued country…

3 Aug 2020 - NAIROBI, Kenya, Aug 3 – Small and Medium Enterprises (SMEs) will be some of the biggest beneficiaries of the Free Trade Agreement that is currently being negotiated between the governments of Kenya and United States. American Chamber of Commerce in Kenya (AMCHAM) CEO Maxwell Okello says SMEs will…

3 Aug 2020 - NAIROBI, Kenya, Aug 3 – Equity has been recognized among the top 1000 best banks globally by the Financial Times Banker Magazine. Equity was ranked at position 754 out of 1000 global banks, a ranking that was based on an array of metrics including the size of the lender, financial soundness,…

2 Aug 2020 - NAIROBI, Kenya, Aug 2 – The Mitumba Association of Kenya is making an urgent plea to the Ministry of Industrialization, Trade and Enterprise Development to publish the protocols for the resumption of the importation and sale of imported or second-hand clothes as directed by the President. Three…

1 Aug 2020 - Nairobi, 30 July 2020 – Kenya Airways (KQ) today resumed international passenger services following the easing of movement restrictions as directed by President Uhuru Kenyatta. The first international flights depart today 1st August to the following international destinations; London, Dubai, Addis…

1 Aug 2020 - NAIROBI, Kenya, Aug 1 – Kenya Airways is seeking to move 720,000 kilogrammes of cargo and 8,000 passengers in the next one week, following its resumption of international travel today. The Airline said the projection is against its performance during the pandemic period, when it flew about 10,000…

1 Aug 2020 - NEW YORK, United States, Aug 1 – Pop royalty Beyonce on Friday released her much-hyped visual album “Black Is King,” an aesthetically ambitious video billed as a companion to her 2019 album of songs inspired by Disney’s live-action remake of “The Lion King.” The highly stylized visual narrative…

31 Jul 2020 - NAIROBI, Kenya Jul 31 – Kenya has reviewed a list of countries whose passengers are welcome as it resumes international flights. The country’s Transport Cabinet Secretary James Macharia had on Thursday listed China, Canada, South Korea, Namibia, Uganda, Rwanda, Morocco, Japan, Zimbabwe, Ethiopia…

31 Jul 2020 - NAIROBI, Kenya, Jul 31 – The government will officially launch a mobile app for air travel passengers on August 1st, to help track incoming passengers as well as help in easing congestion at airports around the country. Director of Public Health Koki Mutua said the app contains a surveillance form…

31 Jul 2020 - NAIROBI, Kenya, Jul 31 – As Kenya prepares to open its skies up to international passengers on August 1st, the Ministry of Health has said that the selection of countries whose passengers are allowed in is not based on diplomatic relations. Health Cabinet Secretary said the categorization will keep…

31 Jul 2020 - NAIROBI, Kenya, Jul 31 – Kenya’s year-on-year inflation in July further dropped to 4.36 percent from 4.59 percent in June, the lowest it has been since November 2019 before the coronavirus pandemic hit the economy. According to the latest figures by Kenya National Bureau of Statistics, the consumer…

31 Jul 2020 - San Francisco, United States, Jul 31 – Facebook reported Thursday that its quarterly profit had nearly doubled and users grew despite a boycott by advertisers and the pandemic-induced economic turmoil. The leading social network said it made a profit of $5.2 billion on $18.7 billion in revenue in…

30 Jul 2020 - NYERI, Kenya, Jul 30 – As cases of COVID-19 continue to rise each day, the construction sector in Mt. Kenya region is on the verge of collapse due to what industry players term as a failure by lending institutions to advance loans to the working class. According to a finding by Capital Business,…

30 Jul 2020 - NAIROBI, Kenya, Jul 30 – The economic fallout from COVID-19 is crippling even the most resilient markets, stifling growth, decimating entire industries, and is resulting in mass unemployment and loss of revenue. In a survey conducted by FiveThirtyEight, an opinion poll analysis publication, 32 per…

24 Jul 2020 - NAIROBI, Kenya, Jul 24 – Faulu Microfinance Bank has been voted the best lender in its category for the second successive year in the 2020 Think Business Banking Awards.  The Bank was cited for its innovative products targeting mostly small businesses and individual clients.  In a double win for…

24 Jul 2020 - NAIROBI, Kenya, Jul 24 – The Government of Israel has pledged to deepen its agricultural cooperation with the Kenyan Government to ensure that the country is food secure during and after coronavirus pandemic.   Speaking during a press briefing on Thursday, Israel Ambassador to Kenya Oded Joseph…

24 Jul 2020 - WASHINGTON, United States, Jul 24 – Billionaire philanthropist Bill Gates on Thursday pushed back against some of the conspiracy theories spreading online accusing him of creating the coronavirus outbreak. “It’s a bad combination of pandemic and social media and people looking for a very simple…

24 Jul 2020 - NAIROBI, Kenya, Jul 24 – Kenya Power has partnered with Safaricom to enable its customers to pay for electricity using Bonga Points. Through the partnership, Kenya Power’s 7.1 million domestic customers can now redeem their Bonga Points to purchase tokens or pay for their bills at the rate of 20…