- JULY 9 – Nvidia has become the first company in the world to reach a market value of $4tn. Shares in the chip-maker rose by as much as 2.4% to $164 on Wednesday, as the company continues to benefit from the ongoing surge in demand for the tech that powers artificial intelligence (AI). The US-based…
- NAIROBI, Kenya, June 9 – Schneider Electric Kenya and Rwanda Airports Company (RAC) have signed a technical Memorandum of Understanding (MoU) to collaborate on strengthening Rwanda’s airport infrastructure. The agreement outlines areas of cooperation, including technical support, maintenance, and…
- NAIROBI, Kenya, July 9 – The African Development Bank (AfDB) has called for reforms that will broaden fiscal revenue, formalize the informal sector, deepen financial markets, and maximize the country’s human resource dividend to enhance Kenya’s ability to mobilize its own capital for development.…
- JUL 9 – Elon Musk’s artificial intelligence start-up xAI says it is working to remove “inappropriate” posts made by its chatbot, Grok, after users shared how it made positive references to Hitler. Screenshots published on social media show the chatbot saying the Nazi leader would be the best person…
- By Kariuki Ngari JULY 9 – Africa stands at a pivotal era in its development trajectory. With a rapidly growing population, an increasingly youthful demographic, and vast untapped resources, the continent is poised for transformative growth. However, realising this potential hinges on one crucial…
- NAIROBI, Kenya, July 9 – Small and medium-sized businesses across Africa are set to benefit from a new partnership between digital payment provider Network International and global business software company Odoo. The two firms have come together to streamline how SMEs manage and accept payments,…
- JULY 9 – The exodus of firms from the London Stock Exchange has created a “pivotal moment” for the UK’s financial services sector which requires urgent action, a leading business group has warned. The Confederation of British Industry (CBI) said a combination of companies choosing to list elsewhere…
- NAIROBI, Kenya, July 9 – The government has suspended sugarcane milling in the upper and lower Western regions amid an acute shortage of mature sugarcane. Acting Kenya Sugar Board (KSB) CEO Jude Chesire, in a letter, said that the affected facilities are Nzoia Sugar, Busia Sugar Industry, West…
- NAIROBI, Kenya, July 9 – Automotive and equipment distributor Car and General (C&G) has announced new measures to combat the growing threat of counterfeit motor oil infiltrating the Kenyan market. The company says it is rolling out a digital verification platform that will allow customers to…
- MOSCOW, July 9 (Xinhua) — Yale University was designated an “undesirable organization” by the Prosecutor General’s Office of Russia on Tuesday. The office said in a statement that it has decided to recognize the activities of the foreign organization Yale University as undesirable in Russia.…
- NAIROBI, Kenya, July 9 – CFAO Mobility Kenya has introduced an upgraded engine for the Toyota Land Cruiser (LC79) as it looks to offer buyers improved performance and reliability. The 2.8L GDJ engine also offers enhanced safety measures, including Anti-lock Braking System (ABS), Vehicle Stability…
- LOS ANGELES, July 9 (Xinhua) — U.S. President Donald Trump said Tuesday he has approved sending additional weapons to Ukraine and is considering new sanctions on Russia. “We’re sending some defensive weapons to Ukraine, and I’ve approved that,” Trump said during a cabinet meeting at the White House…
- JULY 9 – Elon Musk’s artificial intelligence start-up xAI says it is working to remove “inappropriate” posts on the multi-billionaire’s social network X. The announcement came after the platform’s Grok AI chatbot shared multiple comments that were widely criticised by users. “Since being made aware…
- NAIROBI, Kenya, July 9 – The Kenya Civil Aviation Authority (KCAA) has approved the Konza National Drone Corridor to boost the country’s aviation and technology landscape. Initiated by the Konza Technopolis Development Authority (KoTDA), the corridor is the first controlled airspace in Kenya…
- JULY 9 – Copper entering the US from other countries is set to face a new tax of 50%, President Donald Trump has said. The decision carries through on tariff threats the president made earlier this year, when he ordered an investigation into how imports of the metal were affecting national security…
- NAIROBI, Kenya, July 9 – Unilever and Equity Bank have unveiled a Sh2.4 billion financing partnership aimed at supporting small and medium-sized enterprises, strengthening manufacturing supply chains, and improving product availability across the country. Through the collaboration, Equity Bank will…
- NAIROBI, July 8 (Xinhua) — The 10th edition of the China Trade Week kicked off Tuesday in the Kenyan capital of Nairobi to promote Sino-Kenya commercial ties. The three-day event attracted over 100 exhibitors, including 88 from China, and displayed the latest products in building materials, solar…
- JULY 8 – Former Prime Minister Rishi Sunak has joined Goldman Sachs as a senior advisor. Sunak, who resigned as PM in July 2024, will work part-time advising the bank’s clients with his “unique perspectives and insights” on global politics and the economy, the company said. He remains the…
- NAIROBI, Kenya July 9 – Moses Kuria has resigned as President William Ruto’s Senior Economic Advisor, hours after sparking public outrage by tweeting that there would be “no elections in 2027.” Kuria confirmed his resignation on X, saying he had met with the President who has accepted his…
- NEW DELHI, July 8 (Xinhua) — Investigators from the Aircraft Accident Investigation Bureau (AAIB) have submitted a preliminary report on the recent Air India deadly crash to the federal ministry of civil aviation, a local news agency Asian News International (ANI) reported Tuesday. “AAIB submits…
- NAIROBI, Kenya, July 8 – Automotive and equipment distributor Car and General has reported a recovery in its boda boda sales following a slump in 2024. According to the company’s General Manager, George Rubiri, the resurgence is driven by improved financial behaviour among buyers and a more stable…
- NAIROBI, Kenya July 8 – Association of Insurance Brokers of Kenya (AIBK) has partnered with Birdview Microinsurance to scale up microinsurance adoption, particularly among niche and underserved markets. The partners aver that the move is anchored on deepening insurance access in Kenya. AIBK CEO,…
- NAIROBI, Kenya, July 8 – The Kenya Bureau of Standards (KEBS) has introduced a mandatory document validation process for used motor vehicles imported without a valid Certificate of Roadworthiness (CoR). In a notice to importers, KEBS said the new requirement is aimed at curbing the importation of…
- NAIROBI, Kenya, July 8 – MyCredit, a fast-growing non-bank financial institution in Kenya, has donated Sh500,000 to the WEDCO Youth Program, an initiative that equips vulnerable youth with life skills, entrepreneurship training, and mental health support. The contribution is part of MyCredit’s…
- JULY 8 – South Africa’s President Cyril Ramaphosa has opposed what he calls the “unilateral” higher trade tariffs imposed on his country by the US. US President Donald Trump announced on Monday that he would subject imports from South Africa to a new 30% tariff from 1 August. It is the only African…
- NAIROBI, Kenya, July 8 – Start-ups in Africa that are led by women continue to face major challenges in raising capital, particularly as they seek later-stage funding, according to new data from Africa: The Big Deal, a U.S.-based newsletter tracking start-up investments across the continent. In a…
- NAIROBI, Kenya Jul 8 – The Government has dismissed claims that it has banned the export of fresh avocados, assuring both local producers and international markets that trade remains uninterrupted. Government Spokesperson Isaac Mwaura clarified that no such proposal was discussed in a recent high-…
- JULY 8 – President Donald Trump has officially delayed imposing higher tariffs on US imports, while sending letters to 14 countries including Japan and South Korea detailing the levies they face. The latest development comes as a 90-day pause the White House placed on some of its most aggressive…
- NAIROBI, Kenya, July 8 – ICT Authority is looking to fill the Chief Executive Officer (CEO) office after the sacking of Stanley Kamanguya last week. In an advertisement, the Authority said that the new CEO will offer strategic leadership and direction. The officeholder must hold a Bachelor’s or…
- NAIROBI, Kenya, July 8 – The government has extended the period for public input on the proposed Traffic and Transport Regulations, 2025 by an additional 14 days, according to a statement posted by the National Transport and Safety Authority (NTSA) on X (formerly Twitter). The regulations propose a…
- JULY 8 – The US plans to impose a 25% tax on products entering the country from South Korea and Japan on 1 August, President Donald Trump has said. He announced the tariffs in a post on social media, sharing letters he said had been sent to leaders of the two countries. The White House […]
- SEOUL, July 7 (Xinhua) — South Korea’s tech behemoth LG Electronics posted a double-digit fall in second-quarter operating profit due to the negative effect of the U.S. tariffs imposition and the delayed domestic demand recovery, the company said Monday. Preliminary operating profit tumbled 46.6…
- NAIROBI, Kenya, July 7 – Kenyan startups raised Sh17 billion in the first half (H1) of this year, a new report shows, highlighting the country’s attractiveness among international investors. Latest Africa: The Big Deal, an American newsletter for start-ups, shows that this was a 12 percent…
- NAIROBI, Kenya, July 7 – WHX Nairobi and WHX Labs Nairobi are set to convene in Nairobi to discurse an array of ussues among them growing shortfal of health workers in the country. The summit arrives at a time when Kenya is facing a pressing health workforce crisis. The country is producing far…
- NAIROBI, Kenya, July 7 – The 9th AgroFood-PlastPack Exhibition is set to take place at the Sarit Centre in Nairobi from August 21 to 23, bringing together stakeholders from across Africa and beyond to showcase advancements in agriculture, poultry, food processing, plastics, paper, and tissue.…
- SINGAPORE, July 7 (Xinhua) — A total of 26,328 marriages were registered in Singapore in 2024, marking a 7.0 percent decline from the 28,310 marriages recorded in 2023, according to figures released Monday by the Singapore Department of Statistics. The annual average number of marriages from 2020…
- NAIROBI, Kenya, July 7 – The Central Bank of Kenya (CBK), in partnership with the Kenya Bankers Association (KBA), has launched a nationwide survey to assess user experience on the Total Cost of Credit (TCC) website, with the aim of upgrading the platform to better serve borrowers. The TCC website…
- VIENNA, July 7 (Xinhua) — OPEC and its allies, collectively known as OPEC+, announced the decision on Saturday to increase oil output by 548,000 barrels per day (bpd) in August, a faster move compared with July. In July, the OPEC+ countries saw an oil output increase of 411,000 bpd amid a plan to…
- NAIROBI, Kenya, July 7 – A large number of businesses in Nairobi’s Central Business District (CBD) and surrounding areas remained closed on Monday amid fears of looting and violence associated with the planned Saba Saba protests. A spot check by Capital FM Business found that several supermarkets,…
- JULY 7 – US President Donald Trump says countries that side with the polices of the Brics alliance that go against US interests will be hit with an extra 10% tariff. “Any country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% tariff. There will be no…
- NAIROBI, Kenya, July 7 – Kenya Railways has attributed the suspension of the Mombasa to Nairobi Madaraka Express 10pm train on July 6 to a technical hitch, assuring affected passengers that efforts are underway to resolve the issue. In a public notice, the rail operator confirmed that alternative…
- JULY 5 – As Donald Trump cheered the passage of his self-styled, and officially named, Big Beautiful Budget Bill through Congress this week, long-sown seeds of doubt about the scale and sustainability of US borrowing from the rest of the world sprouted anew. Trump’s tax-cutting budget bill is…
- NAIROBI, Kenya, July 5 – Jambojet has reinducted one of its earlier leased aircraft, a Dash 8-400 previously registered as JXA, into its fleet as part of efforts to boost capacity on high-demand domestic routes. The aircraft, which was first leased in 2016 from Abu Dhabi Aviation, returned to Jomo…
- NAIROBI, Kenya, July 4 – The CPF Group has posted strong financial results for the year ended 2024, driven by robust asset growth and rising membership across its pension schemes. The LAPTRUST Defined Benefit (DB) Scheme saw net assets rise to Sh28.1 billion, up from Sh26.99 billion in 2023,…
- JULY 5 – US President Donald Trump has signed his landmark policy bill into law, a day after it was narrowly passed by Congress. The signing event at the White House on Friday afternoon enacts key parts of the Trump agenda including tax cuts, spending boosts for defence and the immigration…
- TALA, Kenya, July 3, 2025 – Residents of Machakos County are set to benefit from expanded access to quality medical services following the opening of The Tala Hospital, a modern 120-bed facility offering a range of outpatient, emergency, and specialist care. Located in Tala town, the hospital is…
- ELDORET, Kenya, July 4 – Minet, a leading risk management and insurance advisory firm, has unveiled a new full-service branch in Eldoret as part of a strategic move to tap into the town’s fast-growing small and medium-sized enterprise (SME) ecosystem. The relocation comes in response to Eldoret’s…
- JULY 4 – ASA International, one of the world’s largest microfinance institutions focused on serving low-income, predominantly female entrepreneurs, has partnered with technology-driven microinsurance provider Turaco to launch an Enhanced Credit Life insurance product across its African markets. The…
- JULY 4 – It’s pitch black and we’re crawling along a secret underground tunnel beneath a high street in Hull. We pass rotting beams propped up precariously by stacked breeze blocks. A rusty car jack is helping prevent the shop floor above from falling in. Through the rubble, we follow a Trading…
- NAIROBI, Kenya, July 4, 2025 – Kenya’s cross-border trade recorded a sluggish start to 2025, with latest data showing a decline in both export receipts and import spending across multiple global markets. The performance reflects a cautious global trade environment shaped by shifting demand,…
