- CANBERRA, Nov. 29 (Xinhua) — Australia’s rate of inflation has fallen to its equal-lowest level in over 18 months, official data has shown. According to figures published by the Australian Bureau of Statistics (ABS) on Wednesday, the consumer price index (CPI) rose by 4.9 percent in the 12 months…
- NAIROBI, Kenya, Nov 29 – A Chinese supplier of fiber optic products, FiberHome Technologies, has entered into an agreement with CP Cables (Kenya) to sell affordable fiber optic products in Kenya and Uganda. Only 9.8 million Kenyans living in urban and semi-urban areas have access to broadband…
- Through the AFYA MASHINANI initiative, Jubilee Health Insurance conducted a comprehensive campaign to address pressing healthcare needs while empowering communities through education, outreach and quality medical services at no cost with over 10,000 number of people were impacted through this…
- MOMBASA, Kenya, Nov 27- PrideInn Hotels, Resorts, and Camps has introduced a new brand identity to align with its revised strategic direction for the future. The rebranding includes changes in product offering and overall brand perception. With this, the company is shedding off its budget branding…
- NAIROBI, Kenya, Nov 28 – Kenya Revenue Authority (KRA) now says all its VAT returns will be pre-filled, marking a complete departure from the usual way of filing VAT returns. In a public notice shared on the authority’s official X app account, KRA says the move has been informed by their desire to…
- NAIROBI, Kenya, Nov 28 -The Government of Kenya has acceded to the request of India Exim Bank to locate its East Africa Representative Office in Nairobi. According to Prime Cabinet secretary Musalia Mudavadi, India Exim Bank has previously provided financial support to Kenya with respect to…
- SACRAMENTO, the United States, Nov. 28 (Xinhua) — Amid the debate on how school shooters obtain their firearms in the United States, a new study revealed that most of the weapons were stolen from family members or relatives. The study, published Monday in the journal JAMA Pediatrics, analyzed 253…
- NAIROBI, Kenya, Nov 28 – Talent-matching platform BrighterMonday has been crowned the Best Job Search and Recruitment App at the 3rd Annual Mobile App Award. Rigorous judging criteria, encompassing UI design, animations, content creativity, onboarding experience, and overall user satisfaction,…
- NAIROBI, Kenya, Nov 28 – Cabinet has directed the Energy Ministry to boost maximum power production as well as passing lower tariffs benefit to users signaling low power bills soon. In an address to the media statehouse spokesperson Hussein Mohamed has revealed that the resolutions are anchored on…
- NAIROBI, Kenya, Nov 28 – In recent years, Kenya has witnessed a notable surge in online Forex trading, marking a paradigm shift in the country’s financial landscape. This surge is not only transforming the way individuals invest but is also playing a pivotal role in contributing to Kenya’s economic…
- NAIROBI, Kenya Nov 27 – Kenya’s President William Ruto has commended the DigiTruck program for its dedication to nurturing grassroots innovation and encouraged young people to harness its potential. During his visit to the DigiTruck as part of the Kenya Innovation Week – Commonwealth Edition…
- NAIROBI, Kenya Nov 27 – ILAM Fahari Real Estate Investment Trust (NSE: FAHR) unitholders have approved the proposed operational restructuring and the delisting of the REIT from the main investment market segment of the Nairobi Securities Exchange (NSE). The unitholders approved all the…
- NAIROBI, Kenya, Nov 27 – Digify Africa has collaborated with Meta to roll out an online training programme aimed at boosting digital literacy levels among the youth in Kenya. The firm hopes to achieve this through its digital marketing skills course, DigifyPro. The platform targets to equip the…
- NAIROBI, Kenya, Nov 27 – The Keyatta International Convention Centre (KICC) is among eleven State Corporations listed for privatisation even as the National Treasury is seeking public views on the exercise. Also to be privatised include theKenya Literature Bureau (KLB), National Oil Corporation of…
- NAIROBI, Kenya Nov 27 – For many traders, the experience in the financial markets dampens when faced with the task of accessing their own hard-earned funds. Traders often grapple with tedious processes, increased procedural steps, and prolonged wait times just to access their own funds. While these…
- NEW YORK, Nov. 27 (Xinhua) — Baby food in the United States may still contain potentially harmful pesticides, but is less toxic than it was about 30 years ago, according to a new study by a nonprofit U.S. environmental group. Some 38 percent of conventional, or non-organic, baby food in the United…
- NAIROBI, Kenya, Nov 27 – Imran Noorani, a renowned businessman, has opened Premium Inn, a business hotel situated on Haile Selassie Road in Mombasa Town. The new facility is strategically located just 15 kilometres from the Moi International Airport (MIA), and it targets business travellers and…
- NAIROBI, Kenya, Nov 27 – Kenya Limited, a subsidiary of CIB Egypt in East Africa, has successfully refinanced the capital expenditures of Wadi Degla Investment (Kenya) Ltd., a Wadi Degla Clubs Group Company. The financing agreement will enable CIB Kenya Limited to enhance its strategy of…
- SEOUL, Nov. 27 (Xinhua) — The number of young South Koreans was expected to halve in 30 years amid the rapidly aging population and the record-low birthrate, the country’s statistical agency said Monday. The number of those aged 19-34 totaled 10,213,000 in 2020, taking up 20.4 percent of the…
- JERUSALEM, Nov. 26 (Xinhua) — Tesla and SpaceX CEO Elon Musk is scheduled to visit Israel on Monday and meet Israeli President Isaac Herzog, along with “representatives of families of hostages held by Hamas,” said the president’s office on Sunday. Musk’s visit comes during a four-day truce period…
- NAIROBI, Kenya, Nov 26 – Stakeholders in the electricals, electronics, and related technologies field have been urged to embrace the use of established International Electrotechnical Commission (IEC) standards to gain a competitive edge in the global market, thus driving economic growth and…
- CANBERRA, Nov. 26 (Xinhua) — Australia is on track to meet its 2030 emissions reduction target, the federal government has claimed. Chris Bowen, minister for climate change and energy, on Sunday released an excerpt of data from the annual Climate Change Statement (CCS) showing Australia is…
- NAIROBI, Kenya, Nov 25 – The Consumer Federation of Kenya (COFEK) is calling on the Agriculture and Food Authority (AFA) to reopen closed sugar factories amid the maturity of farmers canes. COFEK bemoaned the indiscriminate closure of private mills, which it said appeared indefinite. In August, the…
- HELSINKI, Nov. 25 (Xinhua) — Finnish leading meat producer Atria has welcomed a Finno-Chinese agreement on the quarantine and veterinary requirements for poultry meat, which created opportunities for the export of Finnish poultry to China. In a recent interview, Senior Vice President Markku…
- GABORONE, Nov. 25 (Xinhua) — Botswana’s President Mokgweetsi Masisi urged the 19th Session of the Council of Ministers of the African Regional Intellectual Property Organization (ARIPO) to introspect on barriers hindering the growth of the continent’s creativity to global standards in Gaborone, the…
- NAIROBI, Nov. 24 (Xinhua) — Mombasa, Kenya’s main seaport, received 1.32 million twenty-foot equivalent units (TEUs) of containers in the first ten months of 2023, up 10.2 percent, or an increase from 1.2 million TEUs in a similar period in 2022, despite the challenging global economic conditions,…
- NEW DELHI, Nov. 24 (Xinhua) — India’s Minister of State for Electronics and Information Technology Rajeev Chandrasekhar said on Friday that the government will appoint an officer to take appropriate action against deepfake content. Chandrasekhar said his ministry will develop a website on which…
- LUANDA, Nov. 24 (Xinhua) — Angola’s national carrier, TAAG Airlines, announced on Friday that it will increase the frequency of its flights between Luanda, the capital of Angola, and Sao Paulo, Brazil, to six times a week, starting from Dec. 11. In a press release, TAAG Airlines said that Sao Paulo…
- NAIROBI, Nov. 23 (Xinhua) — Chinese technology firm, Supermap International, signed an agreement with Kenya’s Directorate of Resource Surveys and Remote Sensing (DRSRS) on Wednesday, aimed at enhancing the East African nation’s proficiency in geospatial technology. The agreement entails training…
- NAIROBI, Kenya Nov 24 – CFAO Motors Kenya, the local Toyota Authorised dealer, has implored public transport operators to prioritize road safety standards by shunning the purchase of converted cargo vans into passenger vehicles. Speaking at a handover ceremony for a fleet of 30 new Toyota Hiace…
- CHENGDU, China, Nov 24 – Artificial intelligence is expected to spur the personal computer market going forward, with AI-powered laptops estimated to account for nearly 90 percent of total laptop sales in China by 2027, industry experts said. AI-powered PCs, or AIPCs, integrate AI into the…
- NAIROBI, Kenya, Nov 24 – Intercity online bus booking platform AfriKonekta was named the second-best bus booking ticketing app at the 2023 Mobile App Awards in Nairobi yesterday. It emerged second, after Iabiri and BuuPass, at number three. The competition, which attracted numerous participants,…
- NAIROBI, Kenya, Nov 24 – Kenyans are taking out digital loans to spend ahead of the December celebrations amid tough economic challenges from inflation. Tala Head of Growth and Marketing Manager Steven Ruhohi said that customers are applying for credits to meet their needs amid rising expenses.…
- NAIROBI, Kenya, Nov 24 – I&M Group net profit increased by 14 percent to Sh8.2 billion in the nine months to September this year, buoyed by growth in corporate and retail segments. This was an improvement from Sh8.2 billion during the same period last year. “I am pleased to report that the…
- LONDON, United Kingdom, Nov 24 – The United Kingdom’s finance minister, Chancellor of the Exchequer Jeremy Hunt, announced tax cuts alongside many other measures to help grow the country’s stagnating economy in his Autumn Statement budget, delivered in Parliament on Wednesday. The statement focused…
- NAIROBI, Kenya, Nov 24 – President William Ruto has said innovative and sustainable measures must be devised to mitigate the effects of climate change. These measures, he noted, will be assumed by the East African Community as it heads to Dubai for COP28 later this month. Speaking at the EAC High…
- NAIROBI, Kenya, Nov 24 – Several roads in Nairobi are set to be closed on Sunday ahead of the annual Jubilee Insurance bike race. Some of the affected roads include Mombasa Road (getting into the CBD), University Way, Westlands-Kileleshwa Road, and Langata Overpass. Others are Kibra-Ngong Link Way…
- BRUSSELS, Nov. 23 (Xinhua) — Chinese Ambassador to the European Union (EU) Fu Cong on Thursday dismissed a recent claim that China is exporting its overcapacity of electric vehicles (EV) to the European market. “I want to emphasize the fact that the Chinese companies are selling cars in Europe does…
- NAIROBI, Kenya, Nov 24 – KRA has bagged three awards during the fourth edition of the Huduma Ombudsman Award ceremony. During the ceremony held at Kenya International Convention Centre (KICC), KRA was recognized for leveraging on technology to effectively meet information needs and its exemplary…
- NAIROBI, Kenya, Nov 24 – African states have been urged to embrace the Africa Continental Free Trade Area (AfCTA) agreement to enhance commercial activities. This was said during the 4th Global Logistics Convention that was held in Nairobi from Wednesday to Thursday. Participants attended the event…
- COLOMBO, Nov. 24 (Xinhua) — The Central Bank of Sri Lanka has decided to reduce its Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) by 100 basis points to 9.00 percent and 10.00 percent, respectively, it said in a statement on Friday. The central bank said its…
- NAIROBI, Kenya, Nov 24 – production could rise further following the Government’s move to expand its budget for subsidised fertilisers. In the Supplementary Appropriation (No.3) Bill that was assented to by President William Ruto at State House on Thursday, KSh8.25 Billion has been added to the…
- NAIROBI, Kenya, Nov 24 – The Government is committed to enhancing financial inclusivity in the country. President William Ruto said the Government will double the resources available to women and youth groups by matching their savings. The goal, he explained, is not only to empower members but also…
- SACRAMENTO, United States, Nov. 22 (Xinhua) — The U.S. middle class- and working-class families are faring worst in Fresno, California, a new study finds after comparing economic metrics for the nation’s largest metro areas. The study, recently released by the Ludwig Institute for Shared Economic…
- NAIROBI, Kenya, Nov 23 – Ibis Styles Nairobi has rolled out special offers for its customers ahead of the Christmas festivities. The offers range from four course menus at affordable price starting from Sh2,800 per person to Sh4,800 per person for stylish parties with your squad- corporate parties…
- NAIROBI, Kenya, Nov 23 – The African Development Bank’s (AfDB’s) Affirmative Finance Action for Women in Africa (AFAWA) initiative began yesterday in Nairobi, Kenya. In its sixth edition, it is being held in partnership with the African Guarantee Fund (AGF) as well as with the Office of the…
- NAIROBI, Kenya, Nov 23 – National Bank of Kenya (NBK) has recorded Sh2.97 billion in loss after tax for the period ending 30 September 2023 compared to a similar period last year. This translates to a 436 percent decline over a similar period in 2022.On the flip side, the lender’s non refundable…
- NAIROBI, Kenya, Nov 23 – iPay, a leading digital payment platform in Kenya, has partnered with Visa to roll out Visa’s Tap to Phone technology aimed at easing digital payments for both merchants and customers. Dubbed “Tap Ulipe”, the solution is integrated into a sleek, portable, internet enabled…
- NAIROBI, Kenya Nov 23 – Virtual Pay Group (‘Virtual Pay’), a leading global payment and technology service provider, announces the formal establishment of its headquarters in Mauritius. This move marks a significant milestone in Virtual Pay’s commitment to enhancing its global presence and…
- NEW YORK, Nov. 22 (Xinhua) — The U.S. dollar advanced in late trading on Wednesday, following economic data indicating a larger-than-anticipated drop in the number of Americans filing new claims for unemployment benefits last week. The dollar index, which measures the greenback against six major…