- NAIROBI, Kenya, April 9 – Kenya’s imports of electricity have grown by 65.74 percent from 143.40 gigawatts (GWh) per hour in the second half of 2022 to 419.13 gigawatt-hours (GWh) during a similar period last year. This is per the Energy and Petroleum Regulatory Authority’s (EPRA’s) Energy and…
- NAIROBI, Kenya, April 9 – The industrial sector is leading in electricity consumption, with 2,706.62 gigawatt hours (GWh) representing 51.99 percent of the total consumption amid supply chain recovery in Kenya’s economy. This is according to the Energy and Petroleum Regulatory Authority’s (EPRA’s)…
- NAIROBI, Kenya, April 9 – Zeepay, a Ghanian online payment platform, has secured an equity investment from four investors to expand cross-border remittances and mobile financial services businesses in Africa and the Caribbean. The investment was led by Africa50 and Oikocredit, with participation…
- NAIROBI, Kenya, April 9 – I&M Bank has extended free M-Pesa and Airtel Money transfers to sole business owners after last year offering the same to personal account holders. The lender announced yesterday that the move is aimed at supporting small businesses and promoting financial inclusion. “…
- NAIROBI, Kenya, April 9 – Luxury hotelier Hemingways has been nominated for seven awards in this year’s World Travel Awards. The categories include Africa’s Leading Beach Resort 2024, Africa’s Leading Boutique Hotel 2024, Kenya’s Leading Beach Resort 2024, and Kenya’s Leading Boutique Hotel 2024.…
- NEW YORK, April 9 (Xinhua) — A judge from the New York Court of Appeals on Monday rejected former U.S. President Donald Trump’s emergency request to delay a criminal trial on his hush money payments to an adult film star during the 2016 presidential campaign, according to media reports. Associate…
- NAIROBI, Kenya, April 9 – Huawei Technologies Kenya is providing its DigiTruck, a mobile digital classroom, for onsite robotics training at the Kenya Science and Engineering Fair (KSEF), offering technology and digital skills training to underserved communities in Kenya and across Africa. Secondary…
- NAIROBI, April 8 (Xinhua) — China is a positive force in the economy of Kenya, said the chief of the Micro, Small and Medium Enterprise (MSME) Alliance of Kenya, the umbrella body of small entrepreneurs, at a business forum here Monday. Ben Mutahi, the chairperson of the MSME Alliance of Kenya,…
- By Kevin Nganga NAIROBI, Kenya, April 9 – Last month was six years since the grand dream to create a single African market for 1.2 billion people plus took a concrete step and therefore now is a good time to reflect on how far we have come and what we need to do to achieve […]
- NAIROBI, Kenya, April 9 – Text Book Centre (TBC), a distributor of educational, cultural, and technological content in East and Central Africa, has partnered with Makueni County to enhance Early Childhood Development Education (ECDE) centres across the country. The agreement, formalized at the…
- NAIROBI, Kenya, April 9 – Liberty Life Assurance Kenya has announced a zero return on its retirement saving scheme, the Guaranteed Pension Portfolio. The firm’s Board of Directors attributed the decrease to the low returns from the investment markets, especially the equities market and the Treasury…
- HARARE, April 8 (Xinhua) — Zimbabwe’s gold-backed currency started trading on Monday following the announcement of the new currency by the central bank last Friday. The Zimbabwe Stock Exchange (ZSE) announced that effective from April 8, the trading currency is the Zimbabwe Gold, or ZiG. “All share…
- NAIROBI, Kenya, April 9 – Infobip, a global cloud communications platform, has been featured in the list of the world’s most innovative brands. The tech firm was named on the Fast Company 2024 list, which this year focused on businesses that are shaping industry and culture through innovations.…
- NAIROBI, Kenya, April 9 – The Human Resource Management Professional Examinations Board (HRMPEB) has become the first exam body in Kenya to administer the inaugural competency-based craft certificate in HRM. This aligns with the government’s transition to competency-based curriculum (CBC) in 2017,…
- SAN FRANCISCO, April 8 (Xinhua) — San Francisco-based First Republic Bank will close down on May 24 after the remaining 62 branches of the bank complete takeover by JPMorgan Chase, media reported on Monday. Customers will be alerted by mail that their First Republic accounts will convert to…
- NAIROBI, April 8 (Xinhua) — Kenya’s efforts to decarbonize its transportation sector are beginning to pay off, as the East African nation continues to see a steady rise in the number of electric vehicles (EVs), a regulatory authority said Monday. Between July and December 2023, a record 2,694 new…
- WEST POKOT, Kenya, April 8 – President William Ruto has said that local manufacturing of clinker and steel is saving the country $500 million in foreign exchange that would have otherwise been used to import them. The Head of State said yesterday after opening the Sh45 billion Cemtech Limited…
- MOGADISHU, April 8 (Xinhua) — The African Union Peace and Security Council (AUPSC) has called for adequate, sustainable, and predictable funding for the soon-to-be-established follow-up mission after the exit of the AU Transition Mission in Somalia (ATMIS) in December this year. “The AUPSC welcomes…
- WEST POKOT, Kenya, April 8 – The government is rolling out incentives to attract investors to the manufacturing sector, President William Ruto has said. The President said the goal is to grow the country’s manufacturing sector to an ambitious 20 per cent of our GDP by 2030. He pointed out that…
- NAIROBI, Kenya, April 8 – MultiChoice Kenya, an entertainment and pay TV provider, has asked Kenyans to support the growth of the country’s local content. Speaking during this year’s media content showcase in Nairobi, MultiChoice Kenya Managing Director (MD) Nzola Miranda said that the company has…
- NAIROBI, Kenya, April 8 – M-Tiba, a health insurance tech platform, has integrated artificial intelligence (AI) into its system, reducing insurance claim approval time to less than 12 hours. Shadrack Kiratu, Head of Pricing and Portfolio Management at M-Tiba, agreed that the implementation of…
- CHINA, April 8 – Freight forwarders have turned to rail services between China and Europe, backed by the Belt and Road Initiative, as a transportation alternative in light of disruption to international shipping caused by the Red Sea attacks, emphasizing the rail route’s strategic importance in…
- TOKYO, April 8 (Xinhua) — Japan saw a staggering surge in corporate bankruptcies for the fiscal year of 2023, with the number surpassing 9,000 for the first time in nine years as many businesses failed to survive without government financial aid during the COVID-19 pandemic, a local credit research…
- NAIROBI, Kenya, April 8 – Motor vehicle distributor Simba Corporation today entered the light-duty truck segment with the unveiling of the Ashok Leyland ECOMET Truck model. The launch coincided with the opening of a new dealership in Thika Town, Swanley Motors, which enhanced the company’s efforts…
- ELDORET, Kenya, April 8 – President William Ruto has said he is satisfied with the ongoing distribution of fertilisers. However, he noted that the process must be accelerated on account of increased rains across the country. He assured farmers across the country that there is sufficient stock to…
- NAIROBI, Kenya, Apr 5, 2024 – ElevateHR, commonly known as the People Company, is celebrating two years of innovation and empowering businesses in Kenya. In just 24 months, ElevateHR,a customized end to end African HR platform, has emerged as a beacon of innovation, community impact, and…
- NAIROBI, Kenya, April 8 – Transport Cabinet Secretary (CS) Kipchumba Murkomen has stressed that technological deployment on Kenyan roads will serve as the key solution to halt the accelerating rate of road accidents. The CS pointed out that deploying technology such as speed cameras on the roads…
- VIENNA, April 7 (Xinhua) — Drone attacks at the Zaporizhzhia nuclear power plant (ZNPP) on Sunday caused damage to one of its six power units, but nuclear safety has not been compromised, the International Atomic Energy Agency (IAEA) said Sunday night. “Damage at unit 6 has not compromised nuclear…
- NAIROBI, Kenya, April 8 – The allocation for pensions and gratuity has increased by 10 percent from the previous financial year’s allocation of Sh171.83 billion to Sh189.09 billion in the 2023–24 financial year (FY). Budget hikes, according to the Controller of Budgets (CoB) submission, are mainly…
- SYDNEY, April 8 (Xinhua) — A project led by the Australian research center ASTRO 3D has recently highlighted age as one of the most crucial drivers in how stars orbit within galaxies, suggesting that the arrangement of stars gets messier over time. In their study recently published in the Monthly…
- LOS ANGELES, April 7 (Xinhua) — A Boeing 737-800 plane made an emergency stop on Sunday after the crew reported the engine cowling fell off and struck the wing flap during takeoff from Denver International Airport in U.S. state of Colorado, authorities said. Southwest Airlines Flight 3695 returned…
- ELDORET, Kenya, April 7 (Xinhua) — Kenyan President William Ruto on Sunday said there is no money to pay striking doctors as the industrial action entered its fourth week with both government and medical workers failing to reach an agreement on how to end the stalemate. Ruto, however, appealed to…
- NAIROBI, Kenya, April 7 – Butali Sugar has called on its cane suppliers to onboard into the electronic Tax Invoice Management System (eTIMS) as the miller seeks to meet the new Kenyan Revenue Authority’s (KRA’s) online tax invoicing requirements. In a notice to all suppliers, the miller said that…
- HARARE, April 7 (Xinhua) — Zimbabwe’s new currency — the Zimbabwe Gold (ZiG) — will start circulating in the economy on April 30, Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu has said. In a statement issued Saturday night, Mushayavanhu said the new notes and coins were already under…
- ADDIS ABABA, April 7 (Xinhua) — The Ethiopian government has disclosed its ambition to become a continental leader in startups, with a particular focus on innovation. During a meeting on Friday, Ethiopia’s Minister of Labor and Skills Muferihat Kamil emphasized the government’s proactive approach…
- NAIROBI, April 6 (Xinhua) — Kenya and France have finalized an agreement to facilitate funding for the upgrading of the Nairobi Commuter Railway, a rail network serving Nairobi and its suburbs, officials said on Saturday. Musalia Mudavadi, prime cabinet secretary who is also the cabinet secretary…
- ACCRA, April 6 (Xinhua) — Ghana’s cocoa industry regulator late Friday announced a 58.2 percent hike in the producer price of cocoa for farmers with immediate effect. In a press release, the Ghana Cocoa Board (COCOBOD), a government-controlled institution that fixes the buying price for cocoa in…
- NAIROBI, Kenya, April 6 – Transport Cabinet Secretary Kipchumba Murkomen has pledged to create bilateral air service agreements with neighboring countries to enable local airlines to spread their wings within East Africa. Murkomen, who graced Jambo Jet Airlines’ 10th anniversary, said that the…
- The latest branch opened its doors at K-Mall near Thindigua estate with a commitment to provide a range of financial services to individuals, small and medium-sized enterprises, and corporate clients .
- By Jakaya Mrisho Kikwete NAIROBI, Kenya, April 6 – Imagine a continent where hunger is a relic of the past, where fertile fields teem with life, and where farmers are empowered to not just survive, but thrive. This is the future Africa can achieve, and the key lies in harnessing the full potential…
- NEW YORK, April 5 (Xinhua) — The power of the U.S. dollar or the U.S. status as a superpower in the world is at a tipping point amid internal uncertainties, global fragmentation, and weaponization of the American currency, according to Saleha Mohsin, a writer and reporter in the United States. The…
- BISSAU, Guinea-Bissau, April 6 – President William Ruto has said that he will consider the possibility of Kenya Airways flying to Guinea-Bissau. Speaking in Bissau yesterday, the president said that this will honor the request of Guinea-Bissau President Umaro Sissoco Embaló. “I will also consider…
- NAIROBI, Kenya, April 6 – More than 100 individuals were honored at the inaugural Content Creators Awards that went down yesterday at the National Museum Auditorium in Nairobi. The event was graced by over 200 budding and established creators who were part of a rigorous vetting and voting process.…
- ADDIS ABABA, April 5 (Xinhua) — The Ethiopian government and the World Bank have signed financing agreements amounting to 1.72 billion U.S. dollars in support of Ethiopia’s development. The accords, which were made in the form of credits and grants, were signed by Ethiopia’s Minister of Finance…
- NAIROBI, April 5 (Xinhua) — The Kenya shilling strengthened against the U.S. dollar Friday to close the week at the 130 mark, the strongest level in about a year. The Central Bank of Kenya (CBK) quoted the local unit at 130.7 shillings against the dollar Friday, as the local currency continued to…
- Nairobi, Kenya, 26th March 2024 – Savannah Informatics Global Health Institute (SGHI), a Kenyan organization, today announced that it has been selected as part of the Amazon Web Services (AWS) Health Equity Initiative, a $60 million, three-year commitment supporting organizations that are…
- NAIROBI, Kenya, April 5 – The Commission on Revenue Allocation (CRA) has set county expenditure budget ceilings, advocating for compliance with fiscal responsibility principles. It has also encouraged the establishment of public financial management (PFM) structures across counties, including…
- KISUMU, Kenya, April 5 – Education Cabinet Secretary Ezekiel Machogu has announced that the government is keen to create millions of jobs for young people graduating from technical and vocational education and training (TVETs) in the affordable housing sector. Machogu says the commitment is seen in…
- NAIROBI, Kenya, April 5 – Commercial vehicle assembler Isuzu East Africa has partnered with AutoXpress, Bridgestone, and Kenya Coach Industries (KCI) to roll out a campaign targeting curbing road accidents. The campaign, dubbed Eyes on the Road, seeks to promote driver wellness and vehicle safety…
- NAIROBI, Kenya, April 5 – Strathmore has partnered with Strathmore University to roll out a tech training program that targets women. The Women in Tech Program is a 12-week incubation program for 15 female entrepreneurs. The program aims to foster sustainable business practices among women-led…