- NEW YORK, Dec. 19 (Xinhua) — The U.S. dollar lost in late trading on Tuesday, heavily influenced by falling yields and dovish comments from the Federal Reserve. The dollar index, which measures the greenback against six major peers, was down 0.39 percent to 102.1670 in late trading. Federal Reserve…
- SAN FRANCISCO, Dec. 19 (Xinhua) — OpenAI, the creator of ChatGPT, has unveiled its latest guidelines for assessing “catastrophic risks” posed by artificial intelligence in the models currently in development. In a “Preparedness Framework” released on Monday, the company said, “We believe the…
- NAIROBI, Dec. 18 (Xinhua) — The World Bank said Monday it would fund an e-service program aimed at strengthening governance by enhancing revenue mobilization. The development objective of the Second Program for Strengthening Governance for Enabling Service Delivery and Public Investment in Kenya (…
- NAIROBI, Kenya, Dec 19 – American-based Nexford University has rolled out online courses for foreign nationals, including Kenyans. The institution carried out an open day in the country to raise awareness about its diverse range of programmes. In the arrangement, Kenyans will now be able to enrol…
- NAIROBI, Kenya, Dec 19 – Equity Bank is the top global performer in climate financing, according to the International Finance Corporation (IFC). The lender came in first in this year’s Climate Assessment for Financial Institutions (CAFI) Awards for Climate Reporting. In the ranking, Equity Bank…
- NAIROBI, Kenya, Dec 19 – Infinix has debuted three smartphone models to provide gaming and entertainment experiences to all buyers. The new gadgets include the HOT 40, HOT 40 Pro, and HOT 40i. They feature an upgraded processor, display, camera capabilities, and software. “The HOT 40 SERIES leads…
- COLOMBO, Dec. 19 (Xinhua) — The Sri Lankan government has granted approval to import 50,000 tons of rice to increase competitiveness in the local market, the government’s information department said on Tuesday. The department said in a statement that the decision was taken in keeping with the…
- NAIROBI, Kenya, Dec 19 – A multi-agency team has raided a facility belonging to Lime Fiber for distributing pirated contents. The operation involved the Partners Against Piracy (PAP) Association of Kenya and the Kenya Police Cybercrime and Crime Scene Forensic Units. It saw the confiscation of…
- NAIROBI, Kenya, Dec 19 – Deputy President Rigathi Gachagua has asked the newly appointed envoys to prioritise expanding the export market for Kenya’s produce for maximum economic gain. Speaking when he hosted more than 40 new Ambassadors, Consuls Generals, High Commissioners, Deputy Heads of…
- NAIROBI, Kenya, Dec 19 – The government will to correct historical, political, administrative and social acts that have subjected some communities in Kenya to marginalization and discrimination, Chief of Staff and Head of Public Service Mr Felix Koskei said yesterday. Mr Koskei said the Government…
- VLADIVOSTOK, Dec. 19 (Xinhua) — Russian President Vladimir Putin has extended a ban on transactions by foreigners from “unfriendly countries” with shares in strategic Russian banks and companies until the end of 2025, according to a decree renewed on Monday. The decree, initially published on Aug.…
- NAIROBI, Kenya, Dec 19 – Safaricom will now be able to issue virtual cards to enable tap-to-pay global payments for partners such as Google, Uber, and Microsoft, among other partners. The telco has been accredited with the Payment Card Industry Data Security Standard (PCI DSS) Certification, a…
- NAIROBI, Kenya, Dec 19 – Cabinet Secretary (CS) for Information, Communications, and Technology Eliud Owalo has terminated the appointment of the acting Managing Director of Kenya Broadcasting Cooperation (KBC), Samuel Maina, with immediate effect. In a statement on Tuesday, Owalo said that the…
- CAIRO, Dec. 19 (Xinhua) — The use of modern technologies and AI in the media should enhance the reliability of journalism instead of hampering it, the chief of Egypt’s official Middle East News Agency (MENA) told Xinhua in a recent interview. “Journalism must be based on truthful and verified…
- NAIROBI, Kenya, Dec 19 – The Competition Authority of Kenya (CAK) has fined Carrefour Sh1.1 billion for abuse of buyer power. An inquiry by the Authority found that the supermarket chain separately abused its superior bargaining position with Pwani Oil Products Limited and Woodlands Company Limited…
- SANAA, Dec. 18 (Xinhua) — Yemen’s Houthi militia on Monday claimed responsibility for attacks on an oil ship and a cargo ship in the southern part of the Red Sea, near the Bab al-Mandab Strait. “Our naval forces carried out a qualitative military operation against two ships linked to Israel. One…
- HANOI, Dec. 19 (Xinhua) — Vietnam imported 111,278 cars worth 2.65 billion U.S. dollars in the first 11 months of this year, down 26.6 percent in volume and 22 percent in value year on year, Vietnam News Agency reported Monday, citing the General Department of Vietnam Customs. Thailand, Indonesia,…
- NAIROBI, Kenya, Dec 18 – Thousands of young digital content creators will be linked with direct job opportunities through the Twende Digital Project. The Challenge Fund for Youth Employment (CFYE) will support the initiative, which is a collaboration between Twiva and the Kenya Private Sector…
- NAIROBI, Kenya, Dec 18 – Property developer My Space has launched luxurious apartments in Syokimau, Machakos County, targeting buyers looking for affordable units as well as those working in Nairobi. The units, which consist of two and three bedrooms, will sit on 6.2 acres with close proximity to…
- LONDON, Dec. 18 (Xinhua) — Oil giant BP announced on Monday that it has paused all shipments of oil through the Red Sea after attacks by Yemen’s Houthi rebel group. “In light of the deteriorating security situation for shipping in the Red Sea, BP has decided to temporarily pause all transits…
- NAIROBI, Kenya, Dec 18 — Kenya has rolled-out a revamped Border Security and Control Training Program as part of the wider efforts to secure its points of entry. Speaking Monday during the launch, Interior Principal Secretary Raymond Omollo said the initiative will play a critical role in realizing…
- NAIROBI, Kenya, Dec 18 – President William Ruto has said the government is committed to bolstering intergovernmental relations to strengthen devolution. The President said his administration has effectively supported county governments to enhance their capacity to deliver services to the people. He…
- NAIROBI, Kenya, Dec 18 – Kenyans can now access DJ mixes for Sh5 per day following a deal between Mdundo.com and Safaricom. The service also aims to monetize music for artists. “Collaborating with Safaricom to introduce our subscription plan is a partnership that re-enforces our commitment to…
- BARCELONA, Spain, Dec. 18 (Xinhua) — China’s economy is displaying positive signs of recovery following the challenges posed by the pandemic, as highlighted by experts in Spain from academic, business, and institutional domains with engagements in China. “The indicators show that there will be a…
- NAIROBI, Kenya, Dec 18 – Small healthcare providers will access Sh40 million in credit to buy medicines and other essential medical supplies. This follows a partnership between M-Tiba, the Medical Credit Fund (MFC), and MyDawa to introduce the financing solution. “This partnership enables…
- TOKYO, Dec. 18 (Xinhua) — Japan plans to raise its stamp price for standard-size letters starting as early as next fall, the government said on Monday. The postage price is expected to rise to 110 yen (0.77 U.S. dollar) from 84 yen, according to the Ministry of Internal Affairs and Communications.…
- NAIROBI, Kenya, Dec 18 – Standard Chartered Bank has announced the sells of its consumer and banking business to Coris Group in Ivory Coast. Subject to regulatory approvals and the transfer of business, it becomes the first successfully completed divestment process from various markets that was…
- NAIROBI, Kenya, Dec 18 – Standard Chartered Bank has announced the sale of its consumer and banking business to Coris Group in Ivory Coast. Subject to regulatory approvals and the transfer of business, it becomes the first successfully completed divestment process from various markets that was…
- NAIROBI, December 16, 2023 – LuckyDodo, the innovative entertainment and business intelligence platform, today celebrates reaching a milestone of 7 million users, predominantly across Africa and the Middle East. Adding to this achievement, the LuckyDodo website has seen a staggering 25 million…
- NAIROBI, Kenya, Dec 18 – Kenya and the European Union have signed the Kenya-European Union Economic Partnership Agreement, strengthening their resolve to enhance economic collaboration. President William Ruto said the agreement will boost trade between Kenya and the 27 countries in the European…
- NAIROBI, Kenya, Dec 18 – Energy Cabinet Secretary (CS) Davis Chirchir expects electricity bills to drop as hydropower generation rises. Higher than normal rainfall has recently boosted water levels at Kenya’s hydropower plants, such as the Seven Folks dam, pushing up the generation of cheaper…
- SEOUL, Dec. 18 (Xinhua) — The number of foreign residents in South Korea rose nearly 10 percent in 2023, statistical office data showed Monday. The number of foreign nationals aged 15 or older, who had resided here for at least 91 days, came in at 1.43 million in 2023, up 9.9 percent from a year […]
- NAIROBI, Kenya, Dec 18 – M-Pesa is set to introduce a tap-to-pay card payment option in partnership with Visa. The expected rollout comes after Safaricom met Payment Card Industry Data Security Standard (PCI DSS) compliance, a form of security for firms that accept, transmit, and store credit card…
- NAIROBI, Kenya, Dec 18 – Inclusion of six new members promises to reshape world economic and political order. The BRICS Summit held in South Africa this year will go down in history as a meeting at which a milestone was reached to shape the group’s direction. During the summit in Johannesburg the…
- UNITED NATIONS, Dec. 17 (Xinhua) — “Climate action starts with all of us,” said Dennis Francis, president of the UN General Assembly (UNGA), in a recent interview with Xinhua, urging everyone to contribute to the collective effort of stabilizing the climate. During the interview conducted on the…
- NAIROBI, Dec. 16 (Xinhua) — Kenyan President William Ruto on Friday launched the construction of the Riruta-Ngong Commuter Rail line that aims to ease traffic congestion in the capital city of Nairobi. Ruto said that the 12.5-km meter-gauge railway line, to be constructed by China Road and Bridge…
- TOKYO, Dec. 17 (Xinhua) — Corporate bankruptcies in Japan rose in November for the 19th consecutive month, according to a recent survey by a credit research company. A total of 773 Japanese companies began legal liquidation proceedings in November, marking the second consecutive month of year-on-…
- NAIROBI, Kenya, Dec 17 — A Kenya Airways flight to Kigali returned to Nairobi on Sunday after two unsuccessful attempts to land due to poor visibility. The plane turned back after weather at the Kigali International Airport deteriorated. In a statement on Sunday, the airline said the crew elected…
- TOKYO, Dec. 17 (Xinhua) — Japanese scientists have succeeded in creating the world’s first mental images of objects and landscapes from human brain activity by using artificial intelligence (AI) technology, local media reported. The team of scientists from the National Institutes for Quantum…
- KAMPALA, Dec. 16 (Xinhua) — Uganda has reopened a key bridge on an international highway connecting it to four other countries. The Katonga bridge, destroyed by flash floods in May, was restored and upgraded by Chinese Communications Construction Company (CCCC). The bridge is on the highway…
- Kisii, Kenya, Dec 17 – President William Ruto has said the government will deliver services to every part of the country to foster inclusive economic growth. The government, he added, will work with all elected leaders to confront the challenges facing Kenyans. “We will not discriminate against any…
- KUWAIT CITY, Dec. 16 (Xinhua) — The Kuwaiti cabinet on Saturday declared Crown Prince Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah as the new Emir of Kuwait. He succeeded the throne following the death of Emir Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah earlier the same day at 86. Issa Al-Kandari, Kuwait’s…
- KIGALI, Dec. 16 (Xinhua) — Rwanda has secured 268 million U.S. dollars from the International Monetary Fund (IMF) to confront climate shocks, the Ministry of Finance said on Friday. The funding, approved on Thursday under the new Standby Credit Facility, will also be used to boost balance of…
- NAIROBI, Kenya, Dec 16 – Mombasa’s Kipevu I Diesel Plant will be decommissioned once its Power Purchase Agreement (PPA) lapses at the end of 2023. Its 60 MW capacity will be replaced by energy generated from renewable sources, says the Energy and Petroleum Regulatory Authority (EPRA) in its latest…
- ABUJA, Dec. 15 (Xinhua) — Nigeria’s headline inflation rate rose to 28.2 percent in November, compared to 27.33 percent in the previous month, the National Bureau of Statistics (NBS) said Friday. The country’s consumer price index, a main gauge of inflation, soared about 6.73 percentage points,…
- NAIROBI, Kenya, Dec 16 – Smartphone maker Samsung is collaborating with Kenyan content creators for the Z Fold 5 campaign. The firm says that its gadgets are ideal for Kenyan film makers, especially on TikTok, at a time when the government is encouraging them to embrace the platform to spur…
- NAIROBI, Kenya, Dec 16 – Incoming international mobile traffic in minutes grew by 25.3 percent to 85.3 million in quarter three of this year, new data from the Communications Authority of Kenya (CA) shows. Likewise, outgoing international mobile voice traffic rose by 4.8 percent to 179.7 million…
- NAIROBI, Kenya, Dec 16 – Diversified Financial services firm Ujani has unveiled a financial literacy platform aimed at bridging the gap in personal finance and investments amongst Kenyans. The platform will empower individuals and institutional investors to make informed financial decisions and…
- By Patrick Githinji NAIROBI, Kenya, Dec 16 – I recently challenged, a friend on whether she understands the farming seasons in Kenya as well if she understands what food systems all is about. To my shock, she mumbled, but I could not blame her, because we forget most of the courses after graduation…
- NAIROBI, Kenya, Dec 15 – The President of Zanziber Dr Hassan Mwinyi has today poured a glowing tribute to former Kenya National Chamber of Commerce and Industry President Richard Ngatia as he congratulated the business mogul on his recent election as the President of the East Africa Chamber of…