20 Oct 2020 - NAIROBI, Kenya, Oct 20 – Shelter Afrique Board has approved the development of the Kinyinya Park Estate Project- a 10,000 integrated and sustainable large scale housing project in Kigali, Rwanda in partnership with Rwanda Social Security Board (RSSB), Ultimate Developers Limited (UDL), Development…

20 Oct 2020 - NAIROBI, Kenya, Oct 20 – Global consumer goods company Reckitt Benckiser (RB) has announced plans to invest in Hand hygiene facilities in a bid to bridge the sink to bed ratio deficit in the country. RB Country Manager Kenya Ibrahim Kabir says hand hygiene is critical component in the provision of…

19 Oct 2020 - NAIROBI, Kenya, Oct 19 – The manufacturing sector reported a contraction of 3.9 percent in the second quarter of 2020 compared to an expansion of 4 percent in the same period of 2019.  According to a report by Kenya Bureau of Statistics, the Manufacture of food which include beverages, meat and…

19 Oct 2020 - NAIROBI, Kenya, Oct 19 – Emirates SkyCargo, the freight division of Emirates, continues to play a vital role in supporting Kenyan businesses through the transportation of essential food commodities using its Boeing 777-300ERs passenger aircrafts from Nairobi to Dubai.  The air cargo carrier has…

19 Oct 2020 - NAIROBI, Kenya, Oct 19 – Bismart, a Kenyan insure-tech company has unveiled an online e-commerce platform that will enable insurance companies, brokers, agents to connect with their customer’s end- to- end. Known as Pamsmart, the cloud-based platform will allow different players to create products…

19 Oct 2020 - PARIS, France, Oct 19 – Airlines face a long, hard winter after a much hoped for rebound from the coronavirus crisis failed to materialise, prompting savage cost cutting programmes and fresh calls for government support.  “We are in a race against time. The key thing is to have the cash… we need to…

18 Oct 2020 - NAIROBI, Kenya, Oct 18 – Residents of off-grid areas in Kenya are poised to benefit from the sale of quality solar and clean cooking products following the release of Sh500 million from the Kenya Off-Grid Solar Access Project (KOSAP) to 19 companies to facilitate the sale of their products in these…

17 Oct 2020 - NAIROBI, Kenya, Oct 17- The Kenya Revenue Authority recorded a shortfall in tax revenue amounting to Sh317.7 billion in the first quarter of the 2020/2021 financial year. The National Treasury through a gazette notice revealed that this was a 15 percent drop from a Sh151 billion it had collected in…

16 Oct 2020 - NAIROBI, Kenya, Oct 16–The Nairobi Securities Exchange has admitted EGM securities as a trading member of the NSE derivatives market starting yesterday. The admission follows EGM Securities’ satisfaction of the licensing and operating requirements of a derivatives broker as stipulated under the…

16 Oct 2020 - NAIROBI, Kenya, Oct 16 Equity, with a balance sheet size worth Sh673.7 billion at the end of 2019, has been listed at number 7 among the top 10 Banks in Africa in 2020 with a score of 5.82 in the overall category of the best performing banks. This is according to The Banker’s Top 100 […]

16 Oct 2020 - NAIROBI, Kenya, Oct 16 – The Search for Women-led businesses is back! @iBizAfrica-Strathmore University in Partnership with Standard Chartered Bank Kenya is excited to Launch the Fourth Cohort of the Women in Tech 2020 program. The call for applicants is now open for women-led small and medium…

16 Oct 2020 - NAIROBI, Kenya, Oct 16 – Qatar Airways has announced the resumptions of services to Sofia via Bucharest, marking the 100th destination to be added back to its global network. The three weekly flights to Sofia starting from 16 October 2020 will see the airline’s network expand to more than 700…

13 Oct 2020 - NAIROBI, Kenya, Oct 13 – Bidco Africa Limited, East Africa’s leading manufacturer of Fast-Moving Consumer Goods (FMCG), has implemented a smart electrification solution for its latest production site at Bidco Industrial Park in Ruiru. Schneider Electric is providing and installing a suite of…

13 Oct 2020 - HELSINKI, Finland, Oct 13 – Officials in Finland have proposed updating sexual offences laws to make sending unsolicited explicit photographs punishable by up to six months in prison, the justice ministry spokesman said on Tuesday. The draft legislation would broaden the definition of sexual…

13 Oct 2020 - PARIS, France, Oct 13 – One year after sanctioning the EU for its support of Airbus, the World Trade Organization is expected Tuesday to let the bloc impose retaliatory sanctions over US aid for Boeing. In the latest development in the 16-year saga between Washington and Brussels over support for…

13 Oct 2020 - NAIROBI, Kenya, Oct 13 – Naivas Supermarkets has opened the doors of its newest Foodmarket outlet at the Waterfront Mall in Karen to the public. The new store is the retailer’s 66 branch all of which are in Kenya. The branch will serve the upmarket residential area of Karen and surrounding…

13 Oct 2020 - NAIROBI, Kenya, Oct 13- The Kenya National Chamber of Commerce and Industry and Equity Bank on Tuesday signed a Memorandum of understanding (MoU), that will see the financial institution set aside Sh200 billion for the chambers to access as part of the post-COVID-19 financial support for businesses…

13 Oct 2020 - NAIROBI, Kenya, Oct 13 – The first 20 years of this century have seen a “staggering” rise in climate disasters, UN researchers said on Monday, while also maintaining that “almost all nations” have failed to prevent a “wave of death and illness” caused by the COVID-19 pandemic. In an urgent call for…

13 Oct 2020 - NAIROBI, Kenya, Oct 13 – Kenya will join the rest of the world to pay tribute to the collaborative efforts of the thousands of experts worldwide who develop the voluntary technical agreements that are published as International Standards. World Standards Day is celebrated internationally each year…

13 Oct 2020 - NEW YORK, United States, Oct 13 – Anticipation over the launch of the new iPhone drove US tech stocks higher on Monday, capping a mostly buoyant day in global markets. Sentiment was also boosted by rising confidence the United States will avoid a post-election challenge and see a decisive winner in…

12 Oct 2020 - NYERI, Kenya, Oct 12 – A section of coffee farmers from Nyeri and Kirinyaga counties have resolved to set up their own factory as a way of boosting their income.  The farmers who are conducting intense farming under “single stem” hope to earn three hundred shillings per kilogramme of cherry they…

12 Oct 2020 - LONDON, United Kingdom, Oct 12 – UK supermarket giant Tesco said Monday it had suspended the supply of avocados from a vast Kenyan plantation operation accused of systemic human rights abuses in a new lawsuit. Britain’s biggest grocery retailer announced the move after law firm Leigh Day said…

12 Oct 2020 - NAIROBI, Kenya, Oct 12 – IT-services company Techno Brain Kenya limited alongside its parent company Techno Brain Global have been debarred from the World Bank Group for 28 months.  In a statement, World Bank says the debarment of the Kenyan firm alongside its United Arab Emirates-based parent…

12 Oct 2020 - NAIROBI, Kenya, Oct 12 – KCB Bank Kenya has donated 1 million reusable face masks to support the reopening of learning institutions that kicked off today. The initiative seeks to facilitate protecting learners and school administrators from contracting Covid-19 as well as reducing the risk of…

12 Oct 2020 - NAIROBI, Kenya, Oct 12 – The Capital Markets Authority (CMA) has granted a ‘No Objection’ to Pezesha Africa Limited (Pezesha) to operate its debt-based crowdfunding platform in the Kenyan capital markets, after a successful one-year testing period in the Regulatory Sandbox, which was launched in…

12 Oct 2020 - NAIROBI, Kenya, Oct 12 – Kenya Breweries Limited (KBL) has partnered with National Transport and Safety Authority (NTSA) to educate and sensitize road users on responsible drinking in order to enhance road safety in Kenya. The partnership will involve the adoption of a Responsible Drinking…

12 Oct 2020 - BEIJING, China, Oct 12 – All nine million people in a major Chinese port city will be tested for Covid-19 following a tiny outbreak, health officials said Monday, as surging infection numbers in Europe force another round of containment efforts. The virus has been largely brought under control in…

11 Oct 2020 - WASHINGTON, United States, Oct 11 – African countries will need $1.2 trillion through 2023 to repair the economic damage inflicted by the coronavirus pandemic, IMF Managing Director Kristalina Georgieva said Friday. About $345 billion in financing has not yet been pledged, Georgieva said in a…

11 Oct 2020 - WASHINGTON, United States, Oct 11 – Software giant Microsoft will let employees work from home permanently if they choose to, US media reported on Friday, becoming the latest employer to expand work-from-home provisions prompted by the Covid-19 pandemic. US tech news website The Verge said most…

11 Oct 2020 - NAIROBI, Kenya, Oct 11- Data usage in the Kenyan market has continued to grow with a 5.1 percent rise witnessed between April to June 2020, a new report shows. Data by the Communication Authority of Kenya for the fourth quarter for the 2019/2020 financial year reveals that total internet…