- NAIROBI, Kenya, Oct 17 – The European Investment Bank (EIB Global) has committed Sh16 billion for onwards lending to small and medium enterprises (SMEs), youth, and women in Kenya. As part of the deal, KCB Bank Kenya will match a similar amount into the initiative. The ‘Investing in Young…
- NAIROBI, Kenya,Oct 17 – The government has so far constructed 124,000 affordable housing units, according to government spokesperson Isaac Mwaura. Mwaura emphasized that the housing program will soon expand to all 290 constituencies across Kenya, with the aim of providing decent housing for…
- NAIROBI, Kenya, Oct 17 – The SICPA has asserted that its Fuel Integrity Solution (FIS) technology has enabled governments from different parts of the world to mitigate fraudulent activities existing in fuel supply chains. FIS is an integrated fuel marking solution that provides traceability,…
- NAIROBI, Kenya, Oct 17 – Three Kenyan entrepreneurial teams are among the 10 teams across 30 countries that have advanced to the Semifinalist Round of the Milken-Motsepe Prize in FinTech. The Kenyan teams include AZA Finance, Chumz, and Pay Cloud by Lipa Later. Other teams from other countries…
- NAIROBI, Kenya, Oct 17 – Terre des Hommes Netherlands (TdH NL) has unveiled its new ListenUp! Global Strategy, which aims to prevent and stop the exploitation of children by 2030. The strategy, launched during the ‘Better Together’ Africa Region Strategy Launch event, focuses on empowering children…
- TOKYO, Oct. 17 (Xinhua) — Tokyo stocks continued to decline on Thursday as selling pressure on semiconductor-related stocks persisted due to concerns of sluggish demand. Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, fell 0.69 percent, or 269.11 points, to close at 38,911…
- NAIROBI, Kenya, Oct 17 – DStv’s subscriber base grew by 1.4 percent to 1.196 million in the second quarter (Q2) of 2024, compared to Q1, despite recent increases in subscription charges. According to data from the Communications Authority of Kenya (CA), pay customers stood at 1.179 million in the…
- NAIROBI, Kenya, Oct 17 – Companies producing bread, maize flour, and milk could soon stop receiving tax refunds from the National Government, following a new proposal by the Treasury to shift these goods from the VAT zero-rated list to the exempt category. Currently, firms enjoying zero-rating can…
- OCT 17 – The US Federal Trade Commission (FTC) has adopted a ‘click to cancel’ rule, which aims to make it easier for people to end subscriptions. It will force companies to make subscription sign-ups and cancellations equally straightforward. Businesses, including retailers and gyms, will also…
- OCT 17 – In the past 24 hours I’ve written more than 100 WhatsApp messages. None of them were very exciting. I made plans with my family, discussed work projects with colleagues, and exchanged news and gossip with some friends. Perhaps I need to up my game, but even my most boring messages were…
- PARIS, Oct. 16 (Xinhua) — Clean energy growth and shifts in the global economy are poised to slow energy demand growth, bringing the world to a pivotal point where demand for fossil fuels will peak by 2030, the International Energy Agency (IEA) said on Wednesday. In its World Energy Outlook 2024,…
- NAIROBI, Kenya Oct 16 – Junior Secondary School (JSS) teachers will be gradually employed from January 2025 as one of the Treasury’s measures to improve and support the education sector. According to National Treasury Cabinet Secretary John Mbadi, there is funding in the budget for employing the…
- NAIROBI, Kenya, Oct 16 – The National Cancer Institute has stressed the need for the increase and improvement of palliative care resources in the country. Palliative care is an approach that improves the quality of life of patients (adults and children) and their families who are facing problems…
- NAIROBI, Oct. 16 (Xinhua) — The Kenyan banking sector, under the umbrella of the Kenya Bankers Association (KBA), on Wednesday pledged 450 billion Kenyan shillings (about 3.48 billion U.S. dollars) to support micro-, small-, and medium-sized enterprises (MSMEs) over the next three years, starting…
- NAIROBI, Kenya, Oct 16 – More than half (52.79 percent) of Kenya’s total credit in the first quarter (Q1) of 2024 was issued through mobile loans, surpassing traditional loans from brick-and-mortar facilities, according to the TransUnion Kenya Q1 Market Analytics Report. The report highlights that…
- NEW DELHI, Oct. 16 (Xinhua) — Nearly 4.92 million employees of India’s government on Wednesday got a 3-percent salary hike in Dearness Allowance (DA) to compensate them against the price rise. Besides, 6.49 million pensioners received a 3-percent hike in Dearness Relief (DR). The increased DA and…
- LONDON, Oct. 16 (Xinhua) — Britain’s consumer prices index (CPI) rose by 1.7 percent in the 12 months to September 2024, down from 2.2 percent in August, official data showed on Wednesday. The CPI inflation rate was at its lowest level since April 2021, according to the Office for National…
- NAIROBI, Kenya, Oct 16 – Banks are facing increasing pressure to lower interest rates after the Central Bank of Kenya (CBK) recently slashed the benchmark rate by 75 basis points to 12 percent with an aim of boosting credit uptake, which has been hindered by high borrowing costs. Treasury and…
- NAIROBI, Kenya, Oct 16 – Beauty company L’Oréal, in collaboration with Kenyan beauty brand Lintons, has unveiled the Lintons Hair Academy by L’Oréal in Nairobi. The institution aims to revolutionize hairdressing education by offering a comprehensive curriculum, advanced facilities, and a strong…
- NAIROBI, Kenya, Oct 16 – Capital A Investment Bank, previously known as Securities Africa Kenya Limited, has rebranded after recently receiving an investment bank license from the Capital Markets Authority (CMA). Initially, the investment bank operated as a stockbroker and now provides tailored…
- NAIROBI, Kenya Oct 16 – Safaricom has unveiled a new application that will enable Saccos across Kenya to efficiently manage a growing and diverse membership base. The My Sacco App, an easy-to-use application, will now allow Sacco members access to a wider service offering, with the platform having…
- HELSINKI, Oct. 16 (Xinhua) — Finnish energy company Fortum has successfully produced biodegradable plastic from carbon dioxide (CO2) emissions from waste incineration, the company said Tuesday. This marks the first successful production of biodegradable plastic entirely from CO2 emissions, reducing…
- NAIROBI, Kenya, Oct 16 – Roam Air, an African-made electric motorcycle, has completed a 6,000-kilometer solar-powered journey from Nairobi, Kenya, to Stellenbosch, South Africa. The expedition highlights African ingenuity and sustainable innovation, with a focus on Kenya’s leadership in clean…
- NAIROBI, Kenya, Oct 16 – Stakeholders in the security industry have underscored the importance of innovation and technology in enhancing online safety for Kenyans. This comes on the back of the ongoing Securexpo East Africa held in Nairobi ,amid rising cybersecurity threats alongside a significant…
- NAIROBI, Kenya, Oct 18 – Speakers at Diamond Trust Bank’s Sustainability and Economic Forum have called for urgent action to finalise regulations governing Kenya’s carbon markets, emphasising that the country could potentially earn billions from global carbon credit sales. According to one of the…
- NEW YORK, Oct. 16 (Xinhua) — U.S. stocks ended lower on Tuesday, as traders sifted through the latest corporate earnings reports. The Dow Jones Industrial Average fell 324.80 points, or 0.75 percent, to 42,740.42. The S&P 500 sank 44.59 points, or 0.76 percent, to 5,815.26. The Nasdaq Composite…
- NAIROBI, Kenya, Oct 15 – Kenya is witnessing a significant transformation driven by the rapidly growing population of tech-savvy youth. Smartphones are at the heart of this shift, powering everything from content creation to music and gaming. In a country where the digital economy is quickly…
- BRUSSELS, Oct. 16 (Xinhua) — European Union (EU) Energy Commissioner Kadri Simson announced that the EU is ready for the possibility of no Russian gas flowing through Ukraine when the current transit contract expires at the end of the year. “Central and Southeastern Europe have diversified their…
- NAIROBI, Kenya, Oct 16 – The Kenya Electricity Transmission Company Limited (KETRACO) has assured that any person affected by the Adani Energy Solutions Limited (AESL) power project will be compensated. In a statement, KETRACO said that all the project-affected persons will be compensated for…
- OCT 15 – Proposals to give weight loss jabs to unemployed people living with obesity could be “very important” for our economy and health, the prime minister has told the BBC. Sir Keir Starmer said he acknowledged that more money was needed for the NHS, and the government also needed to “think…
- OCT 15 – Prague is to ban night-time pub crawls organised by travel agencies, in a bid to deter rowdy tourists from visiting and attracting more “refined” visitors instead. The Czech capital’s authorities say organised pub crawls – often aimed at foreign stag and hen dos – will be banned between 22…
- NAIROBI, Kenya, Oct 15 – The Kenya Medical Research Institute (KEMRI) Wellcome Trust, in collaboration with the University of Oxford, is set to launch the first Phase 2 of Rift Valley Fever vaccine-ChAdOx1 RVF, in Kenya. The $3.7 (Sh477.4 million) CEPI-funded trial will involve a total of 240…
- OCT 15 – Hackers from United States cyber forces and intelligence agencies disguise themselves like “chameleons “in cyberspace, posing as other countries to conduct global cyberattacks and espionage operations, while also pouring dirty water on non-US allies like China, according to an…
- NAIROBI, Kenya, Oct 15 – Milly Fruits Processors Ltd, a fruit processing company based in Mombasa, is seeking a strategic investor for its $1.7 million (Sh219.6 million) project to establish a new processing plant. The facility is designed to handle 5,000 metric tons (MT) of raw fruits annually,…
- NAIROBI, Kenya, Oct 15 – Kenyan healthcare workers have been on the frontline of some of the most challenging situations, the country has faced over the years; however, despite their dedication to saving lives being widely celebrated, one problem goes unrecognized—PTSD among these workers. Post-…
- NAIROBI,Kenya Oct 15- The Inclusive Schools Education Conference 2024 has officially commenced in Nairobi. The three-day event themed ‘Leading Inclusion and Belonging in Schools’ will be hosted by the British Council from 15 to 17 October. The conference will bring together policymakers from 14…
- OCT 15 : Imagine growing up with your sister, your mother, or your wife, the ones who have shaped your life’s bright and joyful moments. Then, one day, a dark cloud passes through, stealing the joy, smiles, and memories. The once vibrant woman who brightened your world, is now shadowed by a silent…
- OSLO, Oct. 15 (Xinhua) — The Norwegian government announced on Monday a major financial commitment to the World Health Organization (WHO), pledging 1 billion Norwegian kroner (93 million U.S. dollars) over the next four years (2025-2028). The contribution, made during the WHO’s first investment…
- NAIROBI, Kenya, Oct 15 – The Port of Mombasa has posted a significant increase in cargo throughput for the period from January to September 2024, handling a total of 29.92 million tons. This represents a 12.1 percent rise from the 26.68 million tons recorded during the same period last year,…
- OCT 15 – Google has signed a deal to use small nuclear reactors to generate the vast amounts of energy needed to power its artificial intelligence (AI) data centres. The company says the agreement with Kairos Power will see it start using the first reactor this decade and bring more online by 2035…
- NAIROBI, Kenya, Oct 15 – The Central Bank of Kenya (CBK) has successfully transitioned to the Society for Worldwide Interbank Financial Telecommunications’s (SWIFT) ISO20022 global payments messaging standard. The adoption is designed to improve the quality, richness, and flexibility of payment…
- OCT 15 – Donald Trump has pledged to drastically increase tariffs on foreign goods entering the US if he is elected president again. He has promised tariffs – a form of tax – of up to 20% on goods from other countries and 60% on all imports from China. He has even talked about a […]
- By Desmond Odhiambo NAIROBI, Kenya, Oct 15 – A recent ruling by the Employment and Labour Relations Court of Kenya marks a significant milestone in the country’s employment landscape, particularly in the context of internships and the treatment of individuals and any worker who falls under this…
- LONDON, Oct. 15 (Xinhua) — The British government may need over 20 billion pounds (26.13 billion U.S. dollars) to meet its increased spending goals and investment demands, a London-based think tank said in a report on Monday. The government may need to introduce tax hikes to prevent a return to…
- NAIROBI, Kenya, Oct 15 – The COMESA competition Comission has launched an investigation into alleged anti-competitive conduct by the Coca-Cola company. This was revealed in a statement on Monday by the Commission’s Director and Chief Executive Officer Willard Mwemba. Mwemba claimed that the…
- BERLIN, Oct. 14 (Xinhua) — Germany’s 5G availability has risen to approximately 92 percent as it implements its Gigabit Strategy, according to a report released Monday by the Federal Ministry for Digital and Transport (BMDV). The Gigabit Strategy, introduced in 2022, aims to accelerate the…
- NAIROBI, Kenya, Oct 14 – The Energy Petroleum and Regulatory Authority (EPRA) has cut fuel prices, offering reprieve to thousands of motorists, firms, and households. Monthly fuel review by EPRA shows that a liter of petrol has dropped by Sh8.18, diesel by Sh3.54, and Sh6.93 for kerosene. This…
- NAIROBI, Kenya, Oct 14 – JPMorgan Chase Bank N.A, an American financial conglomerate, has been approved by the Central Bank of Kenya (CBK) to open a representative office in Kenya. CBK announced in a statement that the local office will serve as marketing and liaison offices for JPMorgan Chase…
- OCT 14 – French Prime Minister Michel Barnier presented a draft finance bill for 2025 to the Council of Ministers on Thursday, proposing measures to cut public spending and increase taxes in an effort to reduce the public deficit to 5 percent of GDP by next year. The plan outlines 60 billion euros…
- NAIROBI, Kenya, Oct 14 – Mobile money usage in Kenya continues to rise, with subscriptions increasing to 39.8 million between April and June 2024, according to a new report by the Communications Authority of Kenya (CA). In the first quarter of the year (January to March), a total of 38.7 million…
