10 Jan 2021 - NYERI, Kenya, Jan 10 – The ministry of agriculture will require coffee farmers countrywide to borrow from the Cherry Advance Fund that was set up by the government last year and ran by Kenya Planters Co-operative Union (KPCU).  According to the Ministry’s Cabinet Secretary Peter Munya, this will be…

9 Jan 2021 - NAIROBI, Kenya, Jan 9- The Kenya Urban Roads Authority has announced that it lost furniture worth Sh500,000 in the last few days of 2020 on account of increased cases of destroyed and vandalized road furniture. KURA Director-General Silas Kinoti through a statement on Friday said the authority had…

9 Jan 2021 - Beijing, China, Jan  9 – The International Monetary Fund on Friday lowered its 2021 growth forecast for China to 7.9 percent, following a year of “significant human and economic costs” inflicted by the Covid-19 crisis. The figure is slightly below the 8.2 percent the IMF earlier predicted, although…

9 Jan 2021 - SEOUL, South Korea, Jan 9-South Korean tech giant Samsung Electronics flagged a jump of more than 25 percent in Q4 operating profit Friday, with working from home under the coronavirus pandemic driving demand for the devices powered by its chips. The world’s biggest manufacturer of smartphones and…

9 Jan 2021 - SAN FRANCISCO, United States, Jan 9-Facebook has banned President Donald Trump from the platform “indefinitely” due to his efforts to incite violence at the US Capitol, chief executive Mark Zuckerberg said Thursday. Zuckerberg said a one-day ban imposed on Trump’s accounts on Facebook and Instagram…

8 Jan 2021 - NAIROBI, Kenya, Jan 8-The Kenya Railways has now made the 10 pm Express Standard Gauge Railway train a permanent feature. A statement released by the authority shows that the Madaraka Express Train due arrival time in Nairobi and Mombasa has been set as 3.35 am. The nighttime service will be…

8 Jan 2021 - NAIROBI, Kenya, Jan 8– Kenya Airports Authority (KCAA) says it has embarked on a renovation project to upgrade the Jomo Kenyatta International Airport’s Terminal 1B and C. In a statement, the Authority says the move is part of its commitment to position JKIA as the preferred regional aviation hub.…

7 Jan 2021 - DOHA, Qatar —Qatar Airways has announced it will bring forward the launch of its four weekly flights to Seattle from 15 March to 29 January 2021. The airline will operate a four-times weekly service operated by its state-of-the-art Boeing 777 featuring 42 seats in Business Class and 312 seats in…

7 Jan 2021 - NAIROBI, Kenya, Jan 7- The World Bank has forecast Kenya’s economy to rebound at 6.9 percent in 2021, the highest growth in the continent. In its Global Economic Prospects, World Bank however revises the expectations downwards to 5.7 percent for 2022. At a distant 6.9 percent, Kenya’s rebound is…

7 Jan 2021 - NAIROBI, Kenya, Jan 7 – Justus Mutabari Mutiga has retired as Chief Executive of ICEA LION Life Assurance after 27 years of service and a career of more than 35 years in Kenya’s insurance industry. The Company has named its General Manager; Business Development & Technical Services George…

6 Jan 2021 - BERLIN, Germany, Jan 6 – German listed companies must include women on their executive boards as part of a landmark bill agreed by the country’s coalition government Wednesday after voluntary efforts failed to close a gender gap. Listed companies with four executives or more must appoint at least…

6 Jan 2021 - NAIROBI, Kenya, Jan 6 –The month of December 2020 saw a modest improvement in business conditions in the Kenyan private sector, following a sharp deceleration of growth in November. This is according to the Purchasing Managers’ Index survey conducted by Stanbic Bank which indicates a fractional…

6 Jan 2021 - NAIROBI, Kenya, Jan 6 – The International Air Transport Association (IATA) has suspended local low-cost carrier Fly540 from using its automated ticketing system due to undisclosed reasons.   In a letter seen by Capital Business, the Organization said the airline breached its Billing and Settlement…

6 Jan 2021 - NAIROBI, Kenya Jan 6 – Kenya’s exporters of fresh produce are from 1st January 2021 paying at least four times the Agricultural Produce Cess. A letter sent on 30th December 2020 by the Horticultural Crops Directorate (HCD) to the industry directs all exporters of horticultural products to pay from…

5 Jan 2021 - London, United Kingdom, Jan 5 –The UK government on Tuesday launched an extra £4.6-billion package for virus-battered businesses as England began a fresh lockdown set to last weeks. The financial support, equivalent to $6.3 billion or 5.1 billion euros, “will help businesses to get through the…

5 Jan 2021 - NAIROBI, Kenya, Jan 5 – With ICT services playing a crucial role in the mitigation of the COVID-19 pandemic, cybercriminals have been exploiting vulnerable ICT systems for fraudulent gains. According to the quarterly sector statistics report covering July-September 2020 released by the…

5 Jan 2021 - NAIROBI, Kenya, Jan 5 – Regional low-cost carrier Jambojet has announced a 72-hour sale, offering 10,000 seats at a discounted rate of Sh2,100 one way to usher in the new year. The three day sale which is part of the #NowTravelReady campaign will run from 5th January to 7th January 2021. The…

4 Jan 2021 - LONDON, United Kingdom, Jan 4 – The London stockmarket jumped more than 1.5 percent on Monday in a strong start to 2021 on the first trading day since Britain formally left the EU’s single market and customs union. The benchmark FTSE 100 index rallied 1.54 percent to 6,560.33 points at the open,…

4 Jan 2021 - NAIROBI, Kenya, Jan 4 – Smallholder tea farmers affiliated to factories that are. managed by the Kenya Tea Development Agency (KTDA) will lose over Sh754 Million every year when the newly introduced Minimum Tax which came into effect on the 1st of January 2021. To put this into perspective, the…

4 Jan 2021 - WASHINGTON, United States, Jan 4 – Tesla delivered a record number of cars in 2020, the company said, just narrowly missing its half a million target for the year. The pioneering high-end electric vehicle maker delivered 180,570 cars to customers and produced 179,757 in the fourth quarter of the…

30 Dec 2020 - LONDON, United Kingdom, Dec  30 – Even before Brexit, Britain and the European Union had an often troubled history.   – Twice turned away – On August 9, 1961, Britain formally applies to join what was then called the European Economic Community (EEC). But France’s president Charles de Gaulle vetoes…

29 Dec 2020 - NAIROBI, Kenya, Dec 29-ABSA Bank Kenya has warned that its net profit for the year 2020 will be lower than the earnings reported in the 2019 financial year.  In a notice issued by the bank’s Company Secretary Loise Gakumo, ABSA said this is due to exceptional costs incurred in 2020 relating to…

29 Dec 2020 - NAIROBI, Kenya, Dec 29-The Director General of the Competition Authority of Kenya Wang’ombe Kariuki has been appointed to the World Bank’s Advisory Panel. His key deliverable will be advising on the World Development Report (WDR) 2021. The Director-General will be part of a team of leaders from…

28 Dec 2020 - NAIROBI, Kenya, Dec 28-Kenya’s volume of trade dropped from Sh199.80 billion in September 2020 to Sh198.40 billion in October 2020, a new study shows. The study by the Kenya National Bureau of Statistics reveals that the value of total exports decreased from Sh56.41 billion in September 2020 to…

28 Dec 2020 - NAIROBI, Kenya, Dec 28- Amana Capital Limited has declared that 41 percent of funds currently deposited at Kingdom Bank, Coop Bank and I&M Bank, Sh122million is now available for redemption from first week of December. The firm through a statement said that this represents 68percent of the…

28 Dec 2020 - NAIROBI, Kenya, Dec 28-The Kenya Standard Code of Practice for Inspection of Road Vehicles, and Legal Notice No.78 of 28th April 2020; Verification of Conformity to Kenya Standards of Imports Order, has notified all importers of second motor vehicles including returning residents, diplomatic staff…

28 Dec 2020 - DUBAI, United Arab Emirates, Dec 28 – Dubai said Sunday it expects to cut its budget to $15.5 billion in 2021 after its economy was impacted by a plunge in tourism and other sectors amid the novel coronavirus pandemic. The emirate, one of the seven that make up the United Arab Emirates, had posted…

28 Dec 2020 - WEST PALM BEACH, United States, Dec 28 – After delaying for nearly a week and under pressure from all sides, US President Donald Trump finally signed a massive $900 billion stimulus bill Sunday, in a long-sought boost for millions of Americans and businesses battered by the coronavirus pandemic.…

27 Dec 2020 - PARIS, France, Dec 27 – When the world celebrated the dawn of a new decade with a blaze of firework parties and revelry on January 1, few could have imagined what 2020 had in store. In the last 12 months, the novel coronavirus has paralysed economies, devastated communities and confined nearly four…

24 Dec 2020 - BEIJING, China, Dec 24 – China on Thursday suspended flights to and from Britain after it reported a new, more infectious strain of the coronavirus. China has largely curbed the spread of Covid-19 within its borders, but authorities remain highly vigilant about the threat of “imported” virus cases…