- 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…
- NAIROBI, Kenya, April 5 – The Commission on Revenue Allocation (CRA) convened a meeting with the Budget and Appropriations Committee to review progress in budget implementation, focusing on fostering equity in society. Discussions sought a clearer delineation of roles and responsibilities between…
- JERUSALEM, April 4 (Xinhua) — The Israeli Agriculture Ministry reported on Thursday that climate change could inflict annual damages of 1.54 billion shekels (415 million U.S. dollars) on Israel’s plant sector from 2050. The ministry released a comprehensive study assessing the risks and…
- NAIROBI, Kenya, April 5 – The Bank of Kigali (BoK) has shut down its Kenyan representative office in Nairobi after more than 10 years in the country. BoK instead has set its focus on digital service delivery channels, and technological innovation to meet consumer preferences. “The Central Bank of…
- KISUMU, Kenya, April 5 – Kisumu County Revenue Board (KCRB) has hailed the leadership of boda boda riders in the county for the coordination to have the riders remit revenue payments. The payment of revenue by the riders has remained elusive and violent in recent years in the county. The Board…
- LOS ANGELES, April 4 (Xinhua) — 99 Cents Only Stores, one of the leading extreme value retail chains in the United States, on Thursday announced plans to close all 371 of the company’s stores and commence an orderly wind-down of its business operations after more than four decades. Founded in Los…
- NAIROBI, Kenya, April 5 – Kibo Africa, a Kenyan-founded motorbike company, has introduced the third generation of the K250R motorbikes, which offers sport features as well as comfort to improve urban mobility. The new bike has a 250-cc engine and a fuel economy of up to 33 kilometers per liter.…
- NAIROBI, Kenya, April 5 – With the growing appreciation of Artificial Intelligence (AI) across the world, African governments, policymakers and industry stakeholders have been urged to collaborate to advance AI governance and drive adoption across the continent. Speaking during the second session…
- NAIROBI, Kenya, April 5 – Youth, women, and persons with disabilities (PWDs) got a Sh609 million tender from Kenya Power in the eight months from July 2023. The tenders are part of the Sh1.8 billion procurement budget that the utility company set aside for the current financial year to be utilized…
- WASHINGTON, April 4 (Xinhua) — The Board Coordinators of the Executive Board of the International Monetary Fund (IMF) announced Thursday that the current managing director of the IMF, Kristalina Georgieva, is the only candidate for the position. “The period for submitting nominations for the…
- SEOUL, April 5 (Xinhua) — South Korea’s tech firm Samsung Electronics saw its earnings soar in the first quarter, the company said Friday. Preliminary operating profit amounted to 6.6 trillion won (4.9 billion U.S. dollars) in the January-March quarter, more than 10 folds compared to 640.2 billion…
- NAIROBI, Kenya, April 5 – De Heus Animal Nutrition yesterday began construction of a Sh3 billion ($23 million) animal feed production plant in Machakos County. The plant, domiciled in the Athi River sub-county, will have an annual capacity of 200,000 metric tonnes upon its completion in 2025. Its…
- MOSCOW, April 4 (Xinhua) — Russia’s unemployment rate has dropped to a record low of less than 3 percent, Russian President Vladimir Putin said Thursday. “Due to the actions of the government, business and regional trade union associations, we have achieved a significant reduction in the…
- COLOMBO, April 4 (Xinhua) — Around 75,000 Sri Lankans have left their country for overseas jobs in the first three months of 2024, the Sri Lanka Bureau of Foreign Employment (SLBFE) said Thursday. The SLBFE said 74,499 Sri Lankan workers have left the South Asian country to seek jobs abroad, with…
- NAIROBI, Kenya, April 4 – The Ministry of Energy and Petroleum has published a list of ongoing and completed power projects in Marsabit County after Gitson Energy Limited, a Kenyan diaspora energy firm, won an appeal for the release of all power projects in the devolved unit. The release follows a…
- NAIROBI, Kenya, April 4 – The Ministry of Energy and Petroleum has published a list of ongoing and completed power projects in Marsabit County after Gitson Energy Limited, a Kenyan diaspora energy firm, won an appeal for the release of all power projects in the devolved unit. The release follows a…
- HANOI, April 4 (Xinhua) — Vietnam’s agro-forestry-fishery sector is able to earn 54-55 billion U.S. dollars in export revenue this year as assigned by the prime minister, Vietnam News Agency reported Thursday, citing the Ministry of Agriculture and Rural Development. The ministry predicted that…
- NAIROBI, Kenya, April 4 – TikTok’s #SaferTogether Workshops have reached over 116,000 participants in Kenya, aiming to promote digital safety and education among youth. Launched officially in October 2023, in collaboration with Eveminet, the workshops have engaged 116,355 participants, including…
- KISUMU, Kenya, April 4 – The Principal Secretary in the Ministry of Health Mary Muthoni has urged the striking doctors to accept the government’s offer before the Sh. 2.4 billion advanced to them is returned back to the treasury. Muthoni says the government is committed to ending the strike that…
- NEW YORK, April 3 (Xinhua) — Problems facing China are manageable and it’s the time to buy Chinese equities, said U.S. billionaire investor and hedge fund manager Ray Dalio in a recent post on social media. “There is no such thing as a bad market; there is only bad decision-making. I find the…
- NAIROBI, Kenya, April 4 – African airlines have experienced a recovery in performance, surpassing pre-Covid levels in both capacity and passenger traffic, as reported by the African Airlines Association (AFRAA). The region saw a 12.6 percent increase in the number of seats offered, from 14.3…
- NAIROBI, Kenya, April 4 – Central Bank of Kenya (CBK) Governor Kamau Thugge says that the delinkage of Safaricom from M-Pesa faces a tax liability hurdle of about Sh75 billion that has slowed the process. Thugge, during CBK’s Monetary Policy Committee briefing Thursday, stated that despite the…
- NAIROBI, Kenya, April 4 – Investments, Trade, and Industry Cabinet Secretary Rebecca Miano witnessed the signing of three trade memoranda of understandings (MoUs) between Kenya and Ghana. One of the MoUs is on investment promotion and facilitation between Kenya Investment Authority (KenInvest) and…
- NAIROBI, Kenya, April 4 – Private sector activities in Kenya dropped slightly in the month of March, attributed to a drop in new orders and output. The latest Stanbic Bank Kenya Purchasing Manager’s Index (PMI) shows that the country’s PMI for March dropped to 49.7 from 51.3 in February. PMI below…
- BRUSSELS, April 3 (Xinhua) — The Eurozone saw its annual rate of inflation drop more than expected in March, marking a third consecutive month of decline, sparking optimism for a potential European Central Bank (ECB) interest rate cut in June. Annual inflation in the Eurozone is expected to drop to…
- NAIROBI, Kenya, April 4 – Kenya will leverage local cooperative networks to market the country as a producer and exporter of superfoods such as avocados, macadamia nuts, and blueberries. Co-operatives and Micro, Small, and Medium Enterprises Cabinet Secretary Simon Chelugui said that the initiative…
- NAIROBI, Kenya, April 4 – Xiaomi today introduced Redmi A3 smartphones in Kenya’s market, adding to the list of Redmi’s entry-level smartphones. The new phone features a new stylish design, an AI dual camera, and a and a large display, among others. Under bright light, the back panel of the…
- NAIROBI, Kenya, April 4 – With the lapse of the deadline for signing up to the Electronic Tax Invoice Management System (eTIMS), the Kenyan business world has moved to implementing the new model which heralds a profound transformation in tax compliance in the country. As is common with major…
- NAIROBI, Kenya, April 4 – Cross-border money transfer partners LemFi in partnership with Wapi Pay have received a nod from the Central Bank of Kenya (CBK) to operate remittance services in Kenya. Lemfi, which operates as RightCard, says that the move underscores its commitment to providing secure…
- NAIROBI, Kenya, April 4 – Cross-border money transfer partners Lemfi and Wapi Pay have received a nod from the Central Bank of Kenya (CBK) to operate remittance services in Kenya. Lemfi, which operates as RightCard, says that the move underscores its commitment to providing secure and efficient…
- NAIROBI, Kenya, April 4 – President William Ruto has appealed to African investors and businesspeople to take advantage of the Africa Continental Free Trade Area (AfCFTA) agreement. He pointed out that the AfCFTA eliminates barriers to trade, fosters economic growth and promotes opportunities to…
- SEOUL, April 4 (Xinhua) — Four foreign carmakers in South Korea will voluntarily recall some 50,700 vehicles for manufacturing defects, the transport ministry said Thursday. Mercedes-Benz Korea will recall 27,406 units of eight different models, including E 350 4MATIC, for defective battery bolts,…
- NAIROBI, April 3 (Xinhua) — Kenya on Wednesday launched the 2024 Manufacturing Priority Agenda that seeks to boost the country’s industrialization drive. Juma Mukhwana, principal secretary in the Ministry of Investments, Trade and Industry, told journalists in Nairobi, the capital of Kenya, that…
- NAIROBI, Kenya, April 3 – The Central Bank of Kenya’s (CBK’s) base rate will for the next one month remain at 13 percent amid a slowdown in inflation as well as the strengthening of the local currency against major global currencies such as the dollar. In a statement, CBK’s Monetary Policy…
- ANKARA, April 3 (Xinhua) — Türkiye’s annual inflation rate hit 68.5 percent in March, up from 67.1 percent in February, official data showed Wednesday. Consumer prices registered a monthly increase of 3.16 percent, with education, communication, and the combined sector of hotels, restaurants, and…
- ACCRA, Ghana, April 3 – Kenya and Ghana have signed seven agreements aimed at enhancing bilateral relations between the two countries. President William Ruto said the MoUs, including some signed by business associations from Kenya and Ghana, are aimed at facilitating trade and investment between…
- NAIROBI, Kenya, April 3 – Kaiho East Africa Limited on Wednesday opened its first auction store for automotive parts and components in Kenya. President of Kaiho Industry Limited, Kondo Takayuki, said that the new outlet will remove the need for Kenyans to travel to countries such as Dubai and Japan…
- NAIROBI, Kenya, April 3 – Healthcare is one of the biggest challenges facing Africa today, with research showing that as many as half of all Africans lack access to quality healthcare. Even when healthcare is available, accessing it can be a massive challenge. Kenya is no exception to this set of…
- NAIROBI, Kenya, April 3 – Geothermal Development Company (GDC) has reached a deal with PT Pertamina Geothermal Energy Tbk (PGE) to develop two geothermal fields in Kenya. The agreement also involves Africa Geothermal International Ltd. (AGIL) and is expected to commence this year. GDC and PGE,…
- DHAKA, April 3 (Xinhua) — Nearly 1 million Bangladeshi people are projected to join the ranks of the moderately poor, who earn less than 3.65 U.S. dollars a day in purchasing power parity (PPP), said the World Bank in its Poverty Macro Update on Bangladesh. Released as part of the South Asia…
- NAIROBI, Kenya, April 3 – Google Cloud has picked Noor Al-Sulaiti as the Head of Security Business Development and Government Relations for the Middle East, Turkey, and Africa region (META). Al-Sulaiti has a wealth of experience in the telecommunications and technology sectors. In this position,…
- ATHENS, April 3 (Xinhua) — Greece’s parliament approved a draft bill on Tuesday introducing stricter regulations for the Golden Visa program, which grants five-year residence permits to non-European Union (EU) nationals investing in real estate. The government aims to reduce property prices to make…
- NAIROBI, Kenya, April 3 – Kenya’s procurement regulations favor local firms and goods, hindering foreign companies’ participation, the Office of the United States Trade Representative (USTR), a body of the US federal government that promotes and develops American trade policies, has revealed.…
- NAIROBI, Kenya, April 3 – Kenyan-based electric mobility company Roam has joined hands with MOGO, an asset financier, to accelerate the adoption of electric motorcycles in East Africa. The deal will allow individuals to acquire clean motorbikes, helping riders earn 30 percent. “We’re thrilled to…
- HANOI, April 3 (Xinhua) — Vietnam has received a 51.5 million U.S. dollar payment from the World Bank for verified emissions reductions, commonly referred to as carbon credits, for reducing 10.3 million tons of CO2 in the 2018-2024 period, local media reported Wednesday, citing the Ministry of…
- NAIROBI, April 2 (Xinhua) — Kenya’s Nairobi Securities Exchange (NSE) said Tuesday it has made it easy for institutional investors to repatriate capital from the country. The NSE said that it has cleared reported delays in its ability to facilitate the investors to repatriate capital from Kenya,…