- NAIROBI, Kenya, Mar 5 – The Alliance for a Green Revolution in Africa (AGRA) has appointed Alice Ruhweza as its new President, succeeding Dr. Agnes Kalibata, who served two successful terms. Ruhweza’s appointment aligns with AGRA’s 2023-2027 Strategic Plan, which focuses on strengthening market…
- By Simon Wafubwa MAR 5 – Pension funds are among the largest institutional investors in any economy, and with recent reforms in the country, they are set to grow even larger. Starting February last month, contributions to the National Social Security Fund (NSSF) will rose by 50 percent.…
- NAIROBI, Kenya, Mar 5 – Stanbic Bank has recorded a 13 percent increase in profit after tax to Sh13.7 billion for the full year ending December 31, 2024. The growth was largely driven by a 27 percent rise in interest income, which surged from Sh37.9 billion in 2023 to Sh48.2 billion last year,…
- MAR 5 – The chancellor has earmarked several billion pounds in draft spending cuts to welfare and other government departments ahead of the Spring Statement. The Treasury will put the proposed cuts to the government’s official forecaster, the Office for Budget Responsibility (OBR), on Wednesday…
- MAR 5 – A Hong Kong-based company has agreed to sell most of its stake in two key ports on the Panama Canal to a group led by US investment firm BlackRock. The sale comes after weeks of complaining by President Donald Trump that the canal is under Chinese control and that the US should […]
- NAIROBI Kenya, Mar 5 – The Agricultural Food Authority (AFA) has said that Kenya only produces 8 percent of its wheat demand, which is 2.2 to 2.4 million metric tonnes annually, relying on 92 per cent in imports. In a report on Tuesday, the authority stated that Kenya’s annual wheat production was…
- MAR 5 – US Commerce Secretary Howard Lutnick has said President Donald Trump will “probably” announce a deal to reduce tariffs on Canada and Mexico on Wednesday. “Both the Canadians and Mexicans were on the phone with me all day today trying to show that they’ll do better” on reducing the flow of…
- NAIROBI, Kenya, Mar 5 – Tatu City, Kenya’s Special Economic Zone (SEZ), has launched The Link Warehousing & Logistics Park and broken ground for its second phase, reinforcing its role as a hub for economic growth and small and medium enterprises (SMEs). With a Sh2.5 billion investment, The Link…
- MAR 5 – China has set an economic growth target for this year of “around 5%” and pledged to pump billions of dollars into its ailing economy, which is now facing a trade war with the US. Its leaders unveiled the plan as thousands of delegates attend the National People’s Congress, a rubber-stamp…
- NAIROBI, Kenya, March 5 – The Office of the Auditor General has revealed that nearly half of the employees in the Office of the Deputy President (DP) during the 2023/2024 financial year were from a single ethnic group, breaching diversity laws. According to the audit report, 249 out of 542 staff…
- NAIROBI, Kenya Mar 5 – In celebration of International Women’s Day 2025, the Zuri Foundation has announced the nominations for the 2025 Zuri Awards, honoring the exceptional achievements of women across diverse sectors in Kenya. This year’s awards will culminate in a Gala Dinner Ceremony on March 6…
- MAR 4 – Stock market falls in the US have deepened as concerns grow that President Donald Trump’s tariffs on Canada, Mexico and China will lead to a wider trade war. The president has followed through on a threat to impose 25% tariffs on imports into the US from Canada and Mexico, and a 20% […]
- NAIROBI, Kenya, Mar 4 – The Football Kenya Federation is facing potential dissolution after a winding-up petition was filed against it by AFS International GMBH, which claims to be a creditor of the former. According to Gazette Notice No. 2610, the petition, referenced as HCCOMMIP/E85 of 2024, was…
- SYDNEY, March 4 (Xinhua) — As global temperatures climb due to climate change, cities are expected to face a growing risk of fires, according to Australian and international researchers on Tuesday. A new modeling study, published in Nature Cities, predicts that certain types of urban fires will…
- NAIROBI, Kenya, Mar 4 – Kenyan businesses are set to participate in the 137th Canton Fair, scheduled from April 15 to May 5, 2025, in Guangzhou, China. The Chinese consulate in Nairobi is coordinating the delegation, with officials highlighting the fair as an opportunity for trade and investment…
- NAIROBI, Kenya, Mar 4 – I&M Bank has opened nine new branches countrywide, pushing its nationwide presence to 61 outlets. They include facilities in Nairobi, Kilifi, Meru, and Embu, among others. The expansion is in line with the bank’s iMara Strategy, which focuses on broadening footprint in…
- NAIROBI, Kenya, Mar 4 – Kenya Power has warned that the proposed Sh200 per meter charge for power line wayleaves could increase the country’s energy costs by 30 percent, translating to an additional Sh63.8 billion annually. A power line wayleave allows utility firms to legally install, maintain,…
- NAIROBI, Kenya Mar 4 – Four staff members of the Independent Electoral and Boundaries Commission (IEBC) are set to face multiple criminal charges, including forgery, following the approval of their prosecution by the Director of Public Prosecutions (DPP). This comes after the Ethics and Anti-…
- MAR 4 – US President Donald Trump has imposed tariffs on Canada and Mexico in a move that threatens to spark a trade war between America and its neighbours. Goods entering the US from Canada and Mexico will now be slapped with a 25% charge. Both countries have said they will retaliate to the…
- OTTAWA, March 4 (Xinhua) — Canadian Prime Minister Justin Trudeau said on Monday that Canada will impose 25-percent tariffs on 155 billion Canadian dollars (about 107 billion U.S. dollars) worth of U.S. goods if the United States proceeds with its proposed tariffs on Canadian products. Trudeau made…
- NAIROBI, Kenya, Mar 4 – Eleven Kenyan companies have been ranked among Africa’s top 500 firms by The Africa Report and Jeune Afrique, based on their 2023 financial performance. The Kenyan firms on the list include Safaricom (62), Vivo Energy Kenya (100), Kenya Airways (114), TotalEnergies Marketing…
- MAR 4 – Donald Trump has been threatening major tariffs on America’s two largest trading partners, Canada and Mexico, for more than a month. It now appears that the day of reckoning is at hand. The risk for the president is that his sweeping tariffs, which also target China, may drive up prices for…
- NAIROBI, Kenya, Mar 3 – Dentsu has launched an initiative in Kenya aimed at empowering the next generation of digital content creators. The School of Influence (DSOI), the first of its kind in the country, will provide aspiring creators with the skills and knowledge needed to navigate the evolving…
- CHICAGO, March 4 (Xinhua) Ford Motor Co. announced on Monday that it sold 158,675 vehicles in the United States in February 2025, down 8.9 percent from the same period of last year. Ford sales of hybrid vehicles rose by 27.5 percent to 15,357 units; sales of electric vehicles increased by 15…
- NAIROBI, March 4 (Xinhua) — The International Monetary Fund (IMF) on Monday began an official review of Kenya’s corruption and governance issues, a senior Kenyan official said. The findings of the technical assessment will enable the government to implement priority governance reforms to fight…
- NAIROBI, Kenya, Mar 3 – Controller of Budget (COB) Margaret Nyakango has urged the National Treasury to lower the country’s debt-to-GDP ratio to 55 percent by 2029. The recommendation comes as part of efforts to address ongoing concerns regarding the sustainability of the nation’s public debt.…
- SHENZHEN – Chinese automaker BYD and drone giant DJI have launched an intelligent vehicle-mounted drone system, aiming to transform cars into mobile entertainment and exploration platforms. The system, called “Lingyuan”, integrates a drone with the vehicle, offering a vertical field of view to…
- MAR 3 – US President Donald Trump has revealed the names of five cryptocurrencies that he says he’d like to be included in a new strategic reserve to make the US “the Crypto Capital of the World”. The market prices of the five coins he named – Bitcoin, Ethereum, XRP, Solana and Cardano – all […]
- NAIROBI, Kenya, Mar 3 – Amsons Group, a Tanzanian conglomerate that operates in energy and manufacturing, has begun integrating Bamburi Cement operations into its fold after acquiring over 95 percent equity shares. The integration process through its Kenyan subsidiary, Amsons Industries Kenya…
- NAIROBI, Kenya, Mar 3 – Economist Ashish Chadda has expressed concerns that the Kenya shilling is currently stronger than its intrinsic and fundamental value, inhibiting both business growth and foreign direct investment (FDI) inflows. According to Chadda, the current exchange rate is not…
- MAR 3 – The world is a very insecure place right now – conflict, climate change, and fears of recession dominate the headlines. But for some people, things are going rather well – the wealthy. Despite the global turmoil, the number of billionaires in the world is growing and the personal wealth of…
- NAIROBI, Kenya, Mar 3 – Kenya Power and the Nairobi City County Government have completed a meter verification exercise aimed at improving the management of energy supply and billing. The exercise, which began on January 24, 2023, aimed to identify and verify the metering locations owned by City…
- MAR 3 – Mixue Ice Cream and Tea may be unfamiliar to many of us but the Chinese firm has more outlets than McDonald’s and Starbucks. On Monday, the bubble tea chain’s shares jumped by 40% as they started trading on the Hong Kong Stock Exchange. The company raised $444m (£352m) in the financial hub’…
- NAIROBI, Kenya, Mar 3 – The National Treasury has addressed concerns regarding the government’s withdrawal of Sh1.3 trillion from the exchequer within a seven-month period. In a statement issued Sunday, Treasury Principal Secretary Chris Kiptoo reassured the public that all exchequer withdrawals,…
- MAR 3 – A former boss of Barclays, who was ousted from the bank over his links to convicted sex offender Jeffrey Epstein, will seek to clear his name in court this week. Jes Staley was forced out in November 2021 after UK regulators ruled he had failed to accurately disclose the nature and length…
- NAIROBI, Kenya, Mar 3 – The Commission on Administrative Justice has called on the Capital Markets Authority (CMA) to provide a detailed institutional report regarding a request for information that has been left unaddressed. The request pertains to the suspension of Kenya Airways shares from…
- TEHRAN, March 2 (Xinhua) — Iranian lawmakers on Sunday impeached Minister of Economic Affairs and Finance Abdolnaser Hemmati due to the country’s economic problems, the official news agency IRNA reported. After being impeached at an open parliamentary session over issues such as high inflation and…
- COLOMBO, March 2 (Xinhua) — Maldivian President Mohamed Muizzu ordered the closure of government offices and institutions on Sunday in response to severe flooding caused by the highest daily accumulated rainfall in the country’s history, PSM News, the official state media of the Maldives, reported…
- NAIROBI, Kenya, Mar 2 – A new report by Save the Children reveals that over one million children in Kenya could benefit from the Universal Child Benefit (UCB) by 2030, significantly expanding social protection for vulnerable children. The program aims to reduce child poverty and provide families…
- MAR 2 – In Union County, South Carolina, the sprawling cotton mills that once put bread on the table for many are long gone. Union is also what is termed a “food desert”, where many residents live far from the nearest supermarket. So in 2016, local non-profit director Elise Ashby began working with…
- NAIROBI, March 2 (Xinhua) — Kenya’s foreign exchange reserves dropped by a record 200 million U.S. dollars this week, reaching a four-week low amid the weakening of the shilling, the central bank said in its weekly financial markets update released on Friday evening. The Central Bank of Kenya (CBK…
- MAR 28 – A California judge has said the mass firings of probationary employees by the Trump administration were likely unlawful. The ruling said the Office of Personnel Management (OPM) had told thousands of employees across a handful of federal agencies they were fired using authority the agency…
- NAIROBI, Kenya, Feb 28 – The Kenya Medical Practitioners Pharmacists and Dentists Union (KMPDU) has called for the consolidation of all healthcare regulatory bodies into a single entity to improve efficiency, accountability, and patient safety. KMPDU Secretary-General Davji Atellah said the…
- MAR 1 – Skype, the video-calling service that had hundreds of millions of users, is closing in May, its owner Microsoft has said. It was once one of the world’s most popular websites and allowed people to make voice calls via their computers to friends and family all over the globe for free. Skype…
- NAIROBI, Kenya, Feb 28 – The Government has declared the Olkaria area in Naivasha a Special Economic Zone (SEZ) in a move aimed at positioning the country as a regional hub for industrialisation and clean energy investment. The Ministry of Trade and Investment says the move will leverage Kenya’s…
- MUNICH, Feb. 28 (Xinhua) — BMW Group’s Munich plant will be transformed into a fully electric vehicle (EV) production base by 2027, the German automaker announced Thursday. The plant is also accelerating preparations for producing “Neue Klasse” (New Generation) EV models, which are set to begin…
- NAIROBI, Kenya, Feb 28 – Saccos across the country are feeling the heat following a multi-billion fraud scandal implicating the Kenya Union of Savings and Credit Co-operatives (KUSCCO). This follows a directive from the government requiring Saccos to cover losses in the face of the scandal that has…
- FEB 28 – Qatar Airways says an internal review has found that its crew “acted quickly, appropriately and professionally” when they placed the body of a woman who died mid-flight next to an Australian couple. The airline issued the statement to the BBC on Friday, after the couple told Australia’s…
- NAIROBI, Kenya Feb, 28 – Kenya’s monthly inflation rate rose to 3.5 percent in February 2025, up from 3.3 percent recorded in January, according to the latest report from the Kenya National Bureau of Statistics (KNBS). The surge in inflation was largely driven by rising prices in the Food and Non-…
- NAIROBI, Kenya, Feb 28 – iXAfrica Data Centres, East Africa’s largest hyperscale data centre provider, has launched the first phase of its state-of-the-art facility, NBOX1, in Nairobi. The 4.5MW, 780-rack carrier-neutral and AI-ready data centre expands access to cloud services, secure data storage…
