Capital Business

  • - VALLETTA, July 23 (Xinhua) — The Armed Forces of Malta (AFM) on Monday night rescued three workers on an oil tanker passing through Maltese territorial waters. The army said in a statement on Tuesday that the rescue operation was carried out after the workers lost consciousness aboard the oil…
  • - JULY 23 – In a surprise move Google has abandoned a plan it first announced four years ago to block third-party cookies from its Chrome internet browser. The UK’s data privacy watchdog said it was “disappointed” by the decision. Cookies are small files stored on your computer which allow…
  • - NAIROBI, July 23 (Xinhua) — Kenya’s Ministry of Education said on Monday that it is committed to harnessing science, technology and innovation to empower the youth and spur development in the country. Beatrice Inyangala, principal secretary in the Ministry of Education, said the government has…
  • - NAIROBI, Kenya, July 23 – Former Bomet Governor Isaac Ruto risks facing a lawsuit over an alleged unpaid sum of Sh5 million for 50 cattle supplied to his ranch for a beef project. In a letter to Ruto, Nicholas Teeka, through his lawyers, Kalwa Advocates, has demanded that the former governor settle…
  • - JULY 23 – Philippine President Ferdinand Marcos Jr marked his third year in office by emphasizing his administration’s moves toward combating inflation, poverty and joblessness, the key concerns of most Filipinos, and also a ban on offshore gaming operators. “The hard lesson of this last year has…
  • - NAIROBI, Kenya, July 23 – Public transport service provider Kenya Bus Service (KBS) has acquired its first electric bus as it modernizes its fleet. The bus operator acquired a 36-seater electric bus built at Kenya’s first electric vehicle assembly line operated by BasiGo, located at the Kenya…
  • - NAIROBI, Kenya, July 23 – Users of the Standard Gauge Railway (SGR) premium services will have to pay Sh20,000 round-trip to enjoy the new services. This was announced yesterday by the Ministry of Roads and Transport principal secretary, Mohamed Daghar, during the flagging off of 20 new passenger…
  • - NAIROBI, Kenya, July 23 – Users of the Standard Gauge Railway (SGR) premium services will have to pay Sh24,000 round-trip to enjoy the new services. This was announced yesterday by the Ministry of Roads and Transport principal secretary, Mohamed Daghar, during the flagging off of 20 new passenger…
  • - JULY 23 – Tesla boss Elon Musk says the electric vehicle car maker will start producing and using humanoid robots from next year. In a social media post, Mr Musk said the robots will first be used by Tesla, which will start making them to sell in 2026. The technology billionaire had previously said…
  • - JAKARTA, July 23 (Xinhua) — Indonesia is planning to broaden its mineral and coal online tracking system, known as Simbara, to include several commodities, including copper, gold and bauxite, said the country’s Minister for Energy and Mineral Resources Arifin Tasrif. He mentioned the plan after the…
  • - MOMBASA, Kenya, July 22 (Xinhua) — Kenya on Monday received 20 new passenger coaches from China to increase transport capacity and improve passenger experience. They include 10 revamped economy-class coaches, four premium-class coaches, one dining car, one power car, and four first-class coaches. “…
  • - NAIROBI, Kenya July 22-Stakeholders in the manufacturing sector have challenged the government to foster their efforts in providing incentives to local manufacturers and assemblers in the country. The move has been hailed as a catalyst to stimulate economic growth and create employment…
  • - NEW DELHI, July 22 (Xinhua) — India’s Finance Minister Nirmala Sitharaman Monday tabled the new annual Economic Survey report in the lower house of the Indian parliament, locally known as Lok Sabha. The report projects the South Asian country’s gross domestic product (GDP) to grow 6.5-7 percent in…
  • - NAIROBI, Kenya, July 22 – Kenya Airways (KQ) has warned flyers of possible traffic disruptions ahead of Gen-Z’s protest tomorrow at the Jomo Kenyatta International Airport (JKIA). In a statement, the national carrier advised those traveling to arrive four hours prior to their scheduled departure…
  • - JULY 22 – Ryanair says it expects summer fares will be much lower than last year after profits at the no-frills airline fell by almost 50%. The company said cost-conscious passengers were cutting back while the timing of Easter holidays had also hit earnings, which slumped to €401m (£338m) in the…
  • - Kilifi, Kenya – Nestled in the coastal town of Kilifi, Kago John, a 33-year-old research microbiologist, has found a unique niche in baobab farming. His 5-hectare plantation on the Mnarani Mombasa-Malindi Road supplies Kenyan Originals (KO) with high-quality baobab powder, a crucial ingredient for…
  • - NAIROBI, Kenya, July 22 – Stanbic Holdings spent over Sh100 billion last year to promote sustainability, micro, small, and medium enterprises (MSMEs), and trade in Kenya and South Sudan. The Group says that the investments facilitated trade and investment, developed sustainable finance solutions,…
  • - JULY 22 – The US Olympic and Paralympic Committee is suing Logan Paul and KSI’s Prime energy drinks brand, accusing it of trademark infringement. It claims that Prime is using trademarked Olympic phrases and symbols on a special edition of its hydration drink featuring basketball star and three-…
  • - NAIROBI, Keya, July 22 – The Health Ministry has embarked on the process of preparing a Quality-of-Care Bill to allow patients to access higher standards of medical care. Kigen Bartilol, Director of Health Standards at the Ministry of Health, announced that the new law will ensure that both public…
  • - JULY 22 – On Tuesday, India’s Prime Minister Narendra Modi’s coalition government will present its first federal budget following a narrow election victory. A weakened Mr Modi, reliant for the first time on coalition partners, is widely expected to usher in a reset in his spending policies, while…
  • - NAIROBI, Kenya, July 22 – The COMESA Competition Commission has alerted car importers in the region over the ongoing recall of vehicles from more than 20 major car brands equipped with faulty Takata airbag inflators. In a statement, the commission’s registrar, Meti Demissie Disasa, said that car…
  • - JULY 22 – Cybersecurity firm CrowdStrike says “a significant number” of devices that were impacted by a global IT outage on Friday are now back online. In a social media post, the company – whose faulty security update caused Microsoft Windows computers to crash around the world – added it “…
  • - NAIROBI, Kenya, July 22 – The State Department for Education has revealed that an overall reduction in allocations of both its recurrent and development budget for the financial year 2024/25 will affect key projects, including school examinations, invigilation, and school feeding programs. While…
  • - NAIROBI, Kenya, July 22 – The State Department for Education has revealed that an overall reduction in allocations of both its recurrent and development budget for the financial year 2024/25 will affect key projects, including school examinations, invigilation, and school feeding programs. While…
  • - WELLINGTON, July 22 (Xinhua) — New Zealand exports of milk powder, butter, and cheese fell 10 percent to 1.5 billion NZ dollars (900 million U.S. dollars) in June, compared with the same month last year, which led the fall of the goods exports, the statistics department Stats NZ said on Monday. New…
  • - JULY 21 – A lock of Florence Nightingale’s hair has fetched more than £3,500 at auction in North Yorkshire. The hair, verified to belong to the 19th Century nursing pioneer, was expected to fetch between £2,000 and £3,000. It was sold alongside her signature on a clipped piece of paper. Tennants…
  • - NAIROBI, Kenya, July 21 – Eight Kenyan banks have significantly expanded their number of branches in the East African Community (EAC) Partner States and also in the Democratic Republic of Congo (DRC) between the years 2022 and 2023. According to a report released by the Central Bank of Kenya, these…
  • - NAIROBI,Kenya July 21 – The government has been urged to expedite the process of providing a permanent solution for sectional titles, which are issued to owners of houses in shared apartments. During a keys handover event to homeowners in Almond Height, Kibuchiku in Kiambu County, the Managing…
  • - NAIROBI,Kenya Jul 21 – The real estate market in Kenya has become a battleground for companies striving to capitalize on the nation’s robust demand for housing and commercial properties. With the population increasing and urbanization accelerating, real estate firms are engaged in fierce…
  • - NEW YORK, July 20 (Xinhua) — The White House unveiled a plan on Friday to phase out the use of single-use plastics from all federal operations by 2035, as part of a broader effort to tackle the growing plastic pollution crisis. In an 83-page document, the Biden administration said it is “committed…
  • - TOKYO, July 21 (Xinhua) — Corporate bankruptcies in Japan surged 22 percent year on year to a decade high in the first half of the year due to rising costs, labor shortages and waning financial support, according to a recent survey by a credit research company. The total number of bankruptcies from…
  • - NAIROBI, Kenya, July 20 – The National Construction Authority (NCA) has purchased 14 pieces of equipment with assistance from the World Bank to enhance and ensure the quality and safety of the construction sector in the country. In a report titled ‘THE NATIONAL BUILDING CODE 2024,’ the Authority…
  • - JULY 20 – The German cabinet finally approved its 2025 budget on Wednesday after weeks of negotiations, allocating a record 78 billion euros ($85 billion) for investments and 75.3 billion euros for NATO’s defense spending target, while halving funds to Ukraine. The budget package, which aims to…
  • - NAIROBI, Kenya, July 20 – PrideInn Hotel yesterday evening an eco-friendly restaurant, Sayari, to support the government’s sustainability agenda. The launch is part of the hotel chain’s growth strategy, which comes after rebranding last November. The Sayari restaurant, which means ‘planet’ and is…
  • - NAIROBI, Kenya, July 20 – PrideInn Hotel yesterday evening an eco-friendly restaurant, Sayari, to support the government’s sustainability agenda. The launch is part of the hotel chain’s growth strategy, which comes after rebranding last November. The Sayari restaurant, which means ‘planet’ and is…
  • - BUCHAREST, July 19 (Xinhua) — Romanian President Klaus Iohannis signed into law new regulations on Friday that tighten advertising restrictions on e-cigarettes, including vape devices and heated tobacco products. The new legislation expanded the existing prohibitions on explicit advertising for…
  • - ACCRA, July 20 (Xinhua) — The executive council of the African Union (AU) has approved its Continental Artificial Intelligence (AI) Strategy and African Digital Compact to boost Africa’s digital development, an official has said. AU Commissioner for Infrastructure, Energy and Digitization Amani…
  • - NAIROBI, July 20 (Xinhua) — The Kenya Tourism Board (KTB), the country’s tourism marketing agency, said Friday it will use the upcoming Paris Olympics to showcase Kenya’s potential in sports tourism. John Ololtuaa, principal secretary in the State Department of Tourism, said in a statement issued…
  • - NAIROBI, Kenya, July 20 – Despite the powerful gusts of the savannah, strong storms and rains, and earth tremors, the memorial grave of Sudan, the last male Northern White Rhino still stands firm under a Desert date acacia tree, at the heart of Ol Pejeta Laikipia County. Nested on the Leeward Side…
  • - NAIROBI, Kenya, July 20 – The Central Bank of Kenya (CBK) has revealed that the agricultural sector played a pivotal role in the country’s robust economic performance in 2023. According to a report released by the apex bank titled ‘CENTRAL BANK OF KENYA BANK SUPERVISION ANNUAL REPORT 2023’, the…
  • - JULY 20 – mTek, a Kenya-based digital insurance platform, has partnered with Workpay to simplify access and enable employees to purchase insurance coverage on the Workpay system. The solution targets  employees whose employers are using Workpay for HR and  payroll management. This collaboration…
  • - JOHANNESBURG, July 19 (Xinhua) — Several South African companies were affected by global network outages that affected many countries Friday. South African airliner Airlink on Friday warned its customers that it was experiencing some network and communication outage with customer services being…
  • - NAIROBI, Kenya, Jul 19 – President William Ruto has nominated new faces in his 11-member partial cabinet with Mlongo Barasa being assigned to the Health docket. In the appointments announced at State House Nairobi, President Ruto nominated Andrew Mwihia as the Agriculture Cabinet Secretary and Eric…
  • - NAIROBI, Kenya July 19 – President William Ruto on Friday officially dismissed 15 Cabinet Secretaries and introduced 10 nominees for his Cabinet and a new nominee for the Attorney General post. The 15 were excluded from the first batch of new Cabinet members nominees, and it seems unlikely they…
  • - NAIROBI, Kenya, July 19 – Twelve commercial banks were found to be in violation of supervisory and regulatory requirements as of December 31, 2023. This is according to the Central Bank of Kenya’s (CBK) annual report for 2023. The central bank did not, however, disclose the list of banks in its…
  • - JULY 19 – The UK’s national debt has reached its highest level since 1962, according to new official figures. The total stock of government debt was worth 99.5% of the value of the economy in June, exceeding the highs reached during the coronavirus pandemic for the first time. The Office for…
  • - NAIROBI, Kenya, July 19 – The National Lands Commission (NLC) is pleading for an extra Sh233.9 million for development and recurrent expenditures. While an additional Sh147.8 million will go into development spending, Sh86.1 million is set for the recurrent budget. National Assembly Departmental…
  • - Nairobi, Kenya, July 19– Xiaomi Kenya is thrilled to announce the launch of the innovative Redmi 13. This groundbreaking model promises to captivate tech enthusiasts and consumers alike with its cutting-edge technology and exceptional features, redefining the user experience with its advanced…
  • - NAIROBI, Kenya, July 19 – Kenya Airways is among the global companies affected by the global IT outages that have hit airlines, media, and banks. KQ, in a statement, admitted that the outage is part of a larger global system disruption, which has severely impacted their ability to process bookings…
  • - JULY 19 – Major US airlines have grounded flights across the country, citing communication issues. The grounding appears to be related to a global IT outage, which has affected banks, emergency services and airports around the world. American Airlines, which is the world’s biggest by passenger…