- NAIROBI, Kenya, Oct 25 – Holcim, the Swiss majority shareholder in Bamburi Cement, has suspended a sale agreement with Tanzanian firm Amsons Group for its stake in the Kenyan cement company. The two companies initially signed an irrevocable sale agreement in July, effectively barring third-party…
- NAIROBI, Oct. 24 (Xinhua) — Kenya’s quest for universal access to green energy received a boost Thursday during the groundbreaking ceremony for the construction of a 35-megawatt (MW) geothermal power plant in Nakuru County, located about 200 km to the northwest of Nairobi, the Kenyan capital. To be…
- OCT 25 – The owners of a container ship that crashed into Baltimore’s Francis Scott Key Bridge have been ordered to pay the US government more than $100m (£77.1m) in damages, the US justice department has announced. Grace Ocean Private Limited and Synergy Marine Private Limited, the companies that…
- OCT 25 – A man who was twice homeless as a teenager before becoming a multimillionaire entrepreneur has topped a list celebrating influential black Britons. Dean Forbes, who, after failing to make it as a professional footballer, began his career in a call centre, is now the boss of several…
- NAIROBI, Kenya, Oct 25 – Belkin Limited has recalled its Belkin Boost Charge Pro Fast Wireless Charger for Apple Watch + Power Bank 10 model number BDPOO5 over a lithium cell flaw. In a statement, the COMESA Competition Authority Registrar, Meti Demissie Disasa, stated that the company voluntarily…
- NAIROBI, Kenya, Oct 24 – Kenyan power generation company, Craftskills Wind Energy International Limited, has been awarded the prestigious 2024 United Nations Person of the Year in Kenya Award for its outstanding contributions to sustainable energy and community development. Founded by three Kenyans…
- NAIROBI, Kenya, Oct 24 – Companies and Limited Liability Partnerships (LLPs) have been directed to submit a register of beneficial owners to the Business Registration Service. In a notice, the Registrar of Companies, Joyce Koech, indicated that Private Limited Companies must file their registers by…
- LONDON, Oct. 24 (Xinhua) — The British government is set to ban the sale and supply of single-use vapes in England from next summer, it was announced on Thursday. The Labour party government has proposed the legislation in a bid to curb a rise in vaping among young people, protect the environment,…
- KUALA LUMPUR, Oct. 24 (Xinhua) — Malaysia’s inflation eased to 1.8 percent in September, official data showed Thursday. The Department of Statistics Malaysia (DOSM) said in a statement that the inflation in September was driven by a slower increase in the main groups of personal care, social…
- NAIROBI, Kenya, Oct 24 – Safaricom contributed Sh983 billion to the Kenyan economy and sustained over 1.28 million jobs in the last financial year, according to its 13th Sustainable Business Report. The report, launched as the company transitions to become Africa’s leading purpose-led technology…
- DOHA, Oct. 24 (Xinhua) — Qatar Airways announced on Thursday the temporary suspension of flights to and from Iraq, Iran and Lebanon, along with operational adjustments for flights to Jordan. “Due to the current situation in the Middle East region, Qatar Airways has temporarily suspended flights to…
- NAIROBI, Kenya, October 24 – Entrepreneur Benson Sande Ndeta, owner of Savannah Clinker, has increased his takeover offer for Bamburi Cement by Sh2.38 billion. Initially offering Sh25.4 billion for the cement firm’s 362.96 million issued shares at Sh70 each, Ndeta has now raised the bid to Sh76.55…
- SEOUL, Oct. 24 (Xinhua) — South Korean tech giant LG Electronics posted its record third-quarter revenue owing to an updated business portfolio, the company said Thursday. Consolidated revenue rose 10.7 percent from a year earlier to 22.18 trillion won (16.1 billion U.S. dollars) in the July-…
- NAIROBI, Kenya, Oct 24 – BURN, a manufacturer of clean cooking stoves, has secured Sh1.93 billion ($15 million) in funding from the European Investment Bank (EIB) to expand its production of electric cooking appliances. The announcement was made during the World Bank/IMF Annual Meetings in…
- OCT 23 – The world economy could contract by the size of the combined French and German economies, if there is a broad-based trade war between the world’s major economies, the International Monetary Fund (IMF) has told the BBC. It comes as concerns are heightened ahead of the possible re-election…
- NAIROBI, Kenya, October 24 — From January 2025, mobile devices imported or assembled in Kenya from November 1, 2024, will need to be tax-compliant to connect to mobile networks, according to a notice released by the Communications Authority of Kenya (CA). CA Director General David Mugonyi stated…
- OCT 23 – Shaped and coloured like the country’s rare gemstone, tanzanite, the sparkling new railway terminal in Dar es Salaam is a symbol of Tanzania’s transport ambitions. The glass panels gleam in the sun, like an outsize version of the prismatic bluish-purple gem that glitters in the light. The…
- By Dr. Erustus Kanga OCT 24 – Kenya has long been celebrated for its rich biodiversity and iconic wildlife, which are not only a cornerstone of the country’s identity but a world heritage and a major driver of the country’s tourism industry. However, as human population increase, the ecosystems and…
- NAIROBI, Kenya, Oct 23 – 150 top organisations have been shortlisted for the upcoming CIO100 Awards and Symposium. Scheduled for 20-22 November 2024, the event will take place at the Enashipai Resort and Spa in Naivasha. Previously known as the ‘Oscars of Technology,’ the CIO100 Awards celebrates,…
- NAIROBI, Kenya, Oct 24 – Mango suppliers across Kenya are now required to register with the Agriculture and Food Authority (AFA) in order to operate, ahead of the upcoming mango export season. In a notice, AFA Director General Bruno Linyiru announced that the Horticultural Crops Directorate (HCD)…
- NAIROBI, Kenya, Oct 23 – More than 500 international experts are gathered in Nairobi for the two-day Global Bioeconomy Summit 2024, aimed at developing strategies and policies to advance the bioeconomy. The summit, which brings together participants from 65 countries, is focused on addressing…
- WASHINGTON, Oct. 23 (Xinhua) — The International Monetary Fund (IMF) on Wednesday warned of elevated risks to public debt and called on policymakers to implement enduring and carefully designed fiscal adjustments. “Deficits are high and global public debt is very high, rising and risky. Global…
- By Doreen Lukandwa OCT 23 – Saying that small and medium-sized enterprises (SMEs) are the backbone of economies in East Africa is an understatement. SMEs make up the largest part of all registered entities in nearly every industry and sector in most East African countries, averaging between 60% to…
- By Elisha Kamau OCT 23 – The digital landscape in Africa is under siege, with organizations facing an average of 2,960 cyberattacks every week. It’s a staggering number – and it’s growing rapidly every year. According to Checkpoint Research, this year’s number was up 37% from the year before. Not…
- KIGALI, Oct. 23 (Xinhua) — The Green Climate Fund (GCF), a global climate finance initiative, has approved a grant of 28 million U.S. dollars to support Rwanda’s Green City Kigali initiative, a pioneering project aimed at developing climate-resilient and low-emission urban infrastructure. The grant…
- By David Kyalo, OCT 23 – In recent months, fixed income investments have grown in popularity among retail investors in Kenya. For instance, by June 2024, over 1.2 million individuals had signed up for investment schemes in this market class, a trend that reflects a growing recognition of the…
- By Phyllis Migwi OCT 23 – When thinking about industries that cybercriminals might target, tertiary education probably isn’t the first to come to mind. But according to the latest edition of Microsoft’s Cyber Signals report, education was the third most targeted industry in the second quarter of…
- TOKYO, Oct. 23 (Xinhua) — Shares of Tokyo Metro Co. surged on the first day of trading, closing at 1,739 yen (about 11.4 U.S. dollars) after opening at 1,630 yen on the Tokyo Stock Exchange’s top-tier Prime Market Wednesday. The share price of Asia’s oldest subway operator briefly surged 47.3…
- NAIROBI, Kenya, Oct 23 – Acorn Holdings, a leading student hostel developer, has successfully repaid the remaining balance of its Sh2.7 billion green bond ahead of its scheduled maturity next month. The repayment is part of the Sh5.7 billion five-year bond issued in 2019, which was used to finance…
- NAIROBI, Kenya, Oct 23 – Kenyans wishing to travel to the United Kingdom can now apply for UK visas through newly opened VFS Global offices in Nairobi and Mombasa. Alok Singhal, Head of Sub-Saharan Africa for VFS Global, announced that visa applicants must first book an appointment before…
- OCT 23 – The Legatum Center for Development and Entrepreneurship at MIT has launched a new podcast focused on leadership and entrepreneurs making positive global impacts. The series will highlight stories of purpose-driven individuals creating change both now and for the future. The inaugural…
- OCT 23 – The Legatum Center for Development and Entrepreneurship at MIT has launched a new podcast focused on leadership and entrepreneurs making positive global impacts. The series will highlight stories of purpose-driven individuals creating change both now and for the future. The inaugural…
- NAIROBI, Kenya, Oct 23 – The Institute of Engineers of Kenya (IEK) is organizing its 31st International Convention, set to take place from October 29 to November 1, 2024, at the PrideInn Paradise Beach Resort and Spa in Mombasa. The convention will bring together engineers, policymakers, and…
- By Dr. Njeri Karianjahi OCT 23 – As the Kenya Certificate of Secondary Education (KCSE) and Kenya Primary School Education Assessment (KEPSEA) exams approach, the pressure on students intensifies, creating a high-stress environment for many adolescents in our country. For many families in Kenya,…
- NAIROBI, Kenya, Oct 23 – Information Technology (IT), education, and research are the leading sectors most prone to cyber-attacks this year. The conclusion is contained in the recently released 2024 Digital Defense Report by Microsoft, which highlights an alarming rise in attacks across the globe.…
- NAIROBI, Kenya, Oct 23 – Kenyan low-cost carrier Jambojet has been named Africa’s Leading Low-Cost Airline for the third year in a row by the World Travel Awards, which recognize excellence in the tourism and airline sectors. Jambojet’s CEO and Managing Director, Karanja Ndegwa, attributed this…
- OCT 23 – A communications satellite designed and built by embattled aerospace giant Boeing has broken up in orbit. The satellite’s operator, Intelsat, has confirmed the “total loss” of iS-33e, which has affected customers in Europe, Africa and parts of the Asia-Pacific region. Intelsat also says it…
- NAIROBI, Kenya, Oct 23 – Safaricom has entered into a strategic partnership with MultiChoice to provide its customers access to exclusive streaming content on Showmax and DStv Stream. The collaboration will allow Safaricom Home Fibre customers and mobile users to enjoy a variety of premium TV shows…
- SACRAMENTO, United States, Oct. 22 (Xinhua) — Denny’s, the iconic American diner chain known for its round-the-clock service and extensive menu, announced Tuesday the closing of 150 restaurants by the end of 2025. The closures will occur in two phases: about 50 locations will shut down by the end…
- NAIROBI, Kenya, Oct 23 – The Government has committed to addressing device affordability challenges and implementing key recommendations from the newly launched ‘Digital Economy Report’ to foster growth in the ICT sector. Speaking during the report’s launch, ICT and Digital Economy Cabinet…
- NAIROBI, Kenya, Oct 23 – Kenyan electric vehicle assembler BasiGo has secured Sh5.43 billion from a consortium of investors, comprising both equity and debt funding, to support the delivery of 1,000 electric buses over the next three years. The breakdown includes Sh3.1 billion ($24 million) in…
- By Dr. James Alic Garang October 22 – frican nations have been advocating for significant reforms in international financial institutions (IFIs), over the years, to create an equitable environment for the continent. This push includes demand for greater representation at the International Monetary…
- OCT 22 – The new boss of Starbucks says he will overhaul the global coffee chain’s menu as the company continues to see its sales slide. Brian Niccol also announced that he was suspending the firm’s financial forecasts for the coming year due to the “current state of the business”. At the same time…
- NAIROBI, Oct. 22 (Xinhua) — Kenya would suspend the export of avocados and macadamia nuts to prevent undesired produce from entering the market, authorities announced on Tuesday. Andrew Karanja, cabinet secretary in the Ministry of Agriculture and Livestock Development, said in a statement released…
- WASHINGTON, Oct. 22 (Xinhua) — The International Monetary Fund (IMF) on Tuesday maintained its global growth forecast in 2024 at 3.2 percent, consistent with its projection in July, its newly released World Economic Outlook (WEO) report said. The level of uncertainty surrounding the global economic…
- NAIROBI, Kenya, Oct 22 – The High Court of Kenya has upheld the constitutionality of the Government’s housing levy, clearing the way for the full implementation of President William Ruto’s affordable housing initiative. The ruling was delivered by a three-judge bench composed of Justices Olga Sewe…
- OCT 22 – HSBC’s new boss has announced a major overhaul of the bank’s structure, splitting geographically into eastern and western markets amid increasing geopolitical tensions and a need to cut costs. The bank said that it was simplifying operations by splitting into four key units, which will see…
- NAIROBI, Kenya, Oct 22 – Micro, small, and medium enterprises (MSMEs) in Kenya will now have access to affordable, comprehensive cybersecurity services under a new partnership between Safaricom, Cloudflare, and Copy Cat, an East African systems integrator. The collaboration aims to provide…
- NAIROBI, Kenya, Oct 22 – The Kenya Electricity Transmission Company Limited (KETRACO) has constructed a new 132/33kV sub-station in Loitoktok, Kajiado County, aimed at enhancing stable and reliable power supply to Merrueshi, Loitoktok towns, and surrounding areas. The project includes an extension…
- By Anna Manyara NAIROBI, Kenya, Oct 22 – Artificial intelligence (AI) will undoubtfully continue to revolutionize various sectors, and the insurance industry is no exception. Traditionally known for some rigid practices, the sector is embracing AI to streamline processes, enhance customer…
