- NAIROBI, Kenya, Jan 23 – Five associations have united to form the FinTech Alliance (TFA) to drive the growth and development of Kenya’s fintech sector. The alliance brings together key industry players, including the Association of Fintechs in Kenya (AFIK), Fintech Association of Kenya (FINTAK),…
- JAN 23 – The publisher of the Sun newspaper has agreed to pay “substantial damages” and apologised to the Duke of Sussex to settle a long-running legal battle over claims of unlawful intrusion into his life. Prince Harry alleged journalists and private investigators working for News Group…
- NAIROBI, Kenya, Jan 22 – Kenya and Africa are projected to remain at the forefront of resilience and innovation in 2025, driven by strategic investments, sector diversification, and sound fiscal policies, according to Standard Chartered Bank’s 2025 Global Market Outlook. Despite a projected global…
- NAIROBI, Kenya, Jan 23 – Parliament has introduced the Anti-Corruption Laws (Amendment) Bill, 2025, aimed at accelerating the hearing and determination of corruption cases in the High Court and Court of Appeal. The Bill seeks to amend several key statutes, including the Ethics and Anti-Corruption…
- JAN 23 – The new EU trade chief says a new customs area could be up for discussion in reset talks later this year. The European Union’s new trade chief responsible for post-Brexit negotiations has told the BBC that a “pan-European [customs] area is something we could consider” as part of “reset”…
- NAIROBI, Kenya, Jan 23 – Payroll and HR tech company SeamlessHR has raised $9 million in its latest funding round, backed by the Gates Foundation and Helios Digital Ventures. The investment will bolster SeamlessHR’s expansion across Africa, enabling the firm to enhance workforce productivity and…
- JAN 23 – A US lawsuit filed on behalf of LinkedIn Premium users accuses the social media platform of sharing their private messages with other companies to train artificial intelligence (AI) models. It alleges that in August last year, the world’s largest professional social networking website “…
- NAIROBI, Jan. 23 (Xinhua) — Investors’ wealth at Kenya’s Nairobi Securities Exchange (NSE) has surged 48 percent in a year amid sustained rise in share prices of blue chip stocks. Market data from the NSE released on Wednesday shows that market capitalization, a measure of investors’ wealth, stood…
- NAIROBI, Kenya, Jan 23 – Justice Onyango Vincent’s journey from a small town in Busia County to establishing an educational haven in Mtwapa, Kilifi County, is a story of resilience, vision, and purpose. At 38, the founder and director of BTC Adult School and Bridging Centre has redefined the…
- NAIROBI, Kenya, Jan 22 – The Green Belt Movement (GBM) has urged Chief Conservator of Forests Alexander Lemarkoko to address concerns over potential encroachment near Karura Forest. The organization, founded on the legacy of Nobel Laureate Wangari Maathai, has questioned the land’s ownership,…
- JAN 22 – Netflix will raise prices across a number of countries after adding nearly 19 million subscribers in the final months of 2024. The streaming firm said it will increase subscription costs in the US, Canada, Argentina and Portugal. Asked if prices were set to increase in the UK, a…
- NAIROBI, Kenya, Jan 22 – Kenya remains at a heightened risk of debt distress, despite the government’s successful sale of a $2 billion Eurobond last year, according to a new report from the Institute of Public Finance (IPF). In its 2025 Macro Fiscal Analysis Snapshot (MFAS), IPF sounded the alarm…
- Jan 22 – Industry leaders have expressed optimism about the future of India-US trade and economic ties under President Donald Trump, highlighting opportunities for collaboration in key sectors such as healthcare, pharmaceuticals, and electronics. However, concerns remain after Trump reiterated his…
- NAIROBI, Kenya, January 23 – A petition challenging the appointment of Mary Wanjira Kimonye as the Vice Chairperson of the Public Service Commission (PSC) and seven other members has been filed at the High Court of Kenya, Milimani, Nairobi. The appointments, made by President William Ruto in…
- NAIROBI, Kenya, January 22 – The National Assembly has called for a special audit of exchequer releases to the State Departments of Water and Roads amid allegations of financial mismanagement and delays in project implementation. A motion passed by the House cited “persistent” reports of…
- JAN 22 – OpenAI is teaming up with Oracle and Softbank to build data centres equipped to power artificial intelligence (AI), with plans to invest $100bn “immediately”. Flanked by the bosses of the three companies at the White House, US President Donald Trump said the plan is a “resounding…
- NAIROBI, Kenya, Jan 22 – Land prices in Nairobi’s satellite towns grew at the slowest rate since June 2023, with average price growth declining to 1.9 percent in Q4 2024, down from 3.02 percent in Q3, according to HassConsult. Nine of 14 tracked towns saw decelerations, led by Thika and Mlolongo…
- DAVOS, Switzerland, January 22 – Renowned pan-African communications expert Gina Din-Kariuki has called on African nations to reclaim their narrative to counter biased media portrayals that undermine the continent’s economic potential. Speaking at the World Economic Forum, Din-Kariuki emphasized…
- NAIROBI, Kenya, Jan 22 – Hyatt Hotels Corporation has officially opened the Hyatt Regency Nairobi in Westlands, marking the brand’s debut in Kenya. The five-star hotel, located near key attractions such as Karura Forest and Nairobi National Park, features 219 rooms, including suites and…
- SINGAPORE, Jan. 22 (Xinhua) — China emerged as the largest source market for Singapore’s Changi Airport in 2024, with passenger traffic nearly doubling from 2023 and surpassing the pre-COVID level by 6 percent, according to a report released by the airport on Wednesday. The top five passenger…
- NAIROBI, Jan. 22 (Xinhua) — Kenya’s business process outsourcing (BPO) sector has created over 40,000 jobs recently, driven by the entry of new investors attracted by an enabling policy and regulatory environment, senior officials said on Tuesday. John Tanui, principal secretary in the Ministry of…
- NAIROBI, Kenya, Jan 22 – US President Donald Trump has said he is considering imposing a 10% tariff on imports of Chinese-made goods as soon as 1 February. Trump said discussions with his administration were “based on the fact that they’re sending fentanyl to Mexico and Canada.” It followed threats…
- MADRID, Jan. 22 (Xinhua) — International tourist arrivals rose by 11 percent in 2024, with 1.4 billion people traveling internationally, according to the World Tourism Barometer published by UN Tourism on Tuesday. The data, which is published on the eve of the FITUR international tourism exhibition…
- NAIROBI, Kenya, Jan 21 – The Kenyan government has announced the removal of eTA and visa requirements for all African nationals, excluding those from Somalia and Libya, citing security concerns. The move aims to bolster regional integration and promote tourism growth across the continent. African…
- By Dr. Ayman Mostafa, IVF Expert, The Nairobi West Hospital JAN 22 – Kenya’s fertility rate has been gradually declining over the past two decades. In 2022, the fertility rate was 3.311 births per woman, reflecting a 1.55% decrease from 2021. This decline has led to a growing demand for fertility…
- JAN 21 – In a move towards addressing Africa’s energy access challenges, PowerGen Renewable Energy has enlisted Delphos as its financial advisor for a series of transformative renewable energy initiatives on the continent. Delphos, a global specialist in development finance, has been instrumental…
- JAN 21 – Stock markets in Asia made modest gains on Tuesday after President Donald Trump said he is thinking of imposing new tariffs on Mexico, Canada and China. Shares were flat to a little higher after Trump pledged in his inaugural address to bring in a “golden age” for America and stopped short…
- NAIROBI, Kenya, Jan 21 – HF Group’s rights issue received an oversubscription of 38.32 percent amid investors high demand. The financial solutions provider, which held a bell-ringing ceremony today in Nairobi, targeted to raise an additional investment of Sh4.6 billion but received applications of…
- NAIROBI, Kenya, Jan 21 – Safaricom’s Ziidi Money Market Fund (MMF) has achieved Sh2.85 billion in assets under management just a month after its launch, with over 450,000 users onboarded. Ziidi MMF is a unit trust product allowing customers to earn daily interest by investing funds from their M-…
- SINGAPORE, Jan. 21 (Xinhua) — Singapore has introduced stricter measures to regulate screen use among children in schools and preschools as part of a broader multi-ministry health initiative launched on Tuesday. From Feb. 1, preschools will enforce updated rules banning screen use for children…
- By Branton Sammy Mutea JAN 21 – The recent amendments to Kenya’s business laws mark a watershed moment for borrowers and asset financiers, offering clarity and regulation in a sector that has long operated in legal limbo. For years, asset financiers faced uncertainty due to gaps in the law, leaving…
- NAIROBI, Kenya, Jan 21 – Cold Solutions Kenya has achieved LEED Gold certification from the U.S. Green Building Council, becoming the first multipurpose temperature-controlled warehouse in Africa to receive this recognition. The accolade underscores the company’s commitment to sustainability and…
- NAIROBI, Kenya, Jan 21 – Adili Group has entered the Rwandan market with the launch of Adili Rwanda, solidifying its role as a leading provider of corporate services in East Africa. Leveraging over 150 years of expertise in regulatory compliance, risk management, and corporate governance, Adili…
- JAN 21 – President Trump has signed an executive order granting TikTok a 75-day extension to comply with a law that requires a sale or ban of the platform. He says during that time, the US will not enforce the law passed by Congress last year and signed by former President Joe Biden. The order […]
- NAIROBI, Kenya, Jan 21 – Kenya Power has awarded tenders worth Sh4.15 billion to businesses owned by youth, women, and persons with disabilities (PWDs) during the financial year 2023/2024, surpassing the initial target of Sh3.2 billion. Youths took the lion’s share, securing Sh3.8 billion worth of…
- By Alex Kanyi and Lena Onyango, Jan 21 – There can be no doubt that redeemable preference shares have fast become a key instrument for businesses seeking to raise capital. How can businesses say no when the dual benefits of financing flexibility and potential tax advantages are put on the table.…
- SYDNEY, Jan. 21 (Xinhua) — A protein found in the blood of Australian oysters could help in the fight against antibiotic-resistant superbugs, a research has found. In a new study published on Tuesday, a team from Australia’s Southern Cross University (SCU) discovered that a protein in the blood of…
- NAIROBI, Jan. 21 (Xinhua) — The National Treasury of Kenya said on Monday that the recent downgrade of the country’s credit rating has significantly impacted its ability to borrow commercial loans from various credit sources. “Rating downgrades lead to increased borrowing costs, limiting access to…
- TOKYO, Jan. 21 (Xinhua) — Japan’s Financial Services Agency plans to issue business improvement orders to Toyota Mobility Tokyo, a subsidiary of Toyota Motor Corporation, and leading used car dealer Goodspeed, local media reported Tuesday. The move follows findings that the companies allegedly…
- DOHA, Jan. 20 (Xinhua) — Qatar initiated a land bridge to supply the Gaza Strip with 12.5 million liters of fuel during the first 10 days of the ceasefire agreement, the Ministry of Foreign Affairs said in a statement Monday. A total of 25 trucks carrying Qatar-funded fuel, meant to provide…
- NAIROBI, Kenya,Jan 20 – The Retail Trade Association of Kenya (RETRAK) has condemned the unannounced removal of shop signage in Nairobi’s Central Business District (CBD), accusing the Nairobi County Government of disregarding the interests of businesses and the communities they serve. RETRAK in a…
- DAVOS, Switzerland, Jan. 20 (Xinhua) — The 2025 World Economic Forum (WEF) Annual Meeting commenced on Monday in Davos, Switzerland, calling for global cooperation amid global uncertainty. Themed “Collaboration for the Intelligent Age,” the five-day event will bring together nearly 3,000…
- NAIROBI, Kenya, Jan 20 – Kenya’s electricity generation saw a decline in November 2024, according to the latest data from the Kenya National Bureau of Statistics (KNBS). KNBS, in its latest report, revealed that local electricity generation dropped from 1,103.5 million kWh in October to 1,067.3…
- NAIROBI, Kenya, Jan 20 – Absa Bank Kenya and the International Trade Centre (ITC) have introduced the Access to Finance Accelerator programme, a six-week initiative aimed at enhancing financial access for women entrepreneurs in export businesses. Funded by the UK International Development program,…
- NAIROBI, Kenya, Jan 20 – The Kenya Tea Growers Association (KTGA) has sounded the alarm over a series of alarming land invasions and criminal activities targeting large-scale tea producer estates. KTGA Chairman Silas Njibwakale singled out the ongoing Zimbabwe-like illegal land invasion of Sitoi…
- NAIROBI, Kenya Jan 20 – The government lost Sh 144.2 million in revenue between August and September 2024 due to a decline in the number of passengers traveling by the Standard Gauge Railway (SGR). Latest data from the National Bureau of Statistics (KNBS) indicated that the number of passengers…
- JAN 20 – Working from home is creating a generation who are “not doing proper work”, the former boss of Marks and Spencer and Asda has warned. Lord Rose told BBC Panorama that home working was part of the UK economy’s “general decline” and employees’ productivity was suffering. His comments come as…
- NAIROBI, Kenya, Jan 20 – Chinese smartphone manufacturer Xiaomi has unveiled its highly anticipated Redmi Note 14 Series in the country. The new series features three new smartphones:Redmi Note 14 Pro+ 5G, Redmi Note 14 Pro and the Redmi Note 14. Xiaomi says the series promises to deliver flagship-…
- ADDIS ABABA, Jan. 20 (Xinhua) — The Executive Board of the International Monetary Fund (IMF) has approved an immediate disbursement of about 248 million U.S. dollars to Ethiopia to help the East African country meet its balance of payments needs. The decision came after the IMF held its second…
- NAIROBI, Kenya, Jan 20 – The value of building approvals in Nairobi fell to Sh9.8 billion in November 2024 from Sh14.4 billion a year earlier, according to data from the Kenya National Bureau of Statistics (KNBS). The KNBS Leading Economic Indicators report also revealed a drop in approved housing…
