- NAIROBI, Kenya, Oct 9 – The Governor of the Central Bank of Kenya (CBK), Kamau Thugge, has said that there are no plans to impose term limits for Kenyan bank CEOs. Thugge said during the post-Monetary Policy Committee (MPC) meeting today that the issue is yet to be considered. Currently, there is…
- NAIROBI, Kenya, Oct 9 – The Central Bank of Kenya (CBK) is increasing its US dollar purchases from local banks to stabilize the currency amid rising volatility. Governor Kamau Thugge noted that this move responds to higher foreign exchange inflows, particularly from remittances. As of October 5,…
- By Elsa Lunani Oct 9 – The entertainment and media industry is currently experiencing transformations, resulting in turbulence and uncertainty about the future among its players. Social media, sluggish consumer spending, changing customer habits, expectations for comprehensive user experiences, and…
- CAIRO, Oct. 9 (Xinhua) — Egypt’s annual urban consumer price inflation rose slightly in September, reaching 26.4 percent from 26.2 percent in August, according to data released Wednesday by the country’s statistics agency, CAPMAS. Despite the uptick, the rate remains significantly lower than the 40…
- NAIROBI, Kenya, Oct 8 – Broadcasting and Telecommunications Principal Secretary Edward Kisiang’ani today announced the government’s commitment to settling Sh1.6 billion in pending bills owed to the Postal Corporation of Kenya (PCK). He highlighted that this debt arises from services provided to…
- NAIROBI, Kenya, Oct 9 – Homa Bay County has completed the construction of 163 modern classrooms, a key component of its strategy to modernize education and boost local employment opportunities. The project, completed in just 90 days, is designed to have a lasting impact on both schools and…
- NAIROBI, Kenya, Oct 9 – Kenya is readying to play host for the 9th Securexpo aimed at enhancing safety in an array of sectors. The event slotted for October 15 through to 17 will bring over 3000 experts drawn from the security, fire, and safety industries showcasing the latest innovations and…
- NAIROBI, Kenya, Oct 9 – A total of 1,027 tourism facilities have been accredited by the Tourism Regulatory Authority (TRA) ahead of the national classification exercise in January 2025. TRA, which is tasked with regulating the sector, announced that the approved players offer accommodation and…
- OCT 9 – The US government says it is considering whether to ask a judge to break up search engine giant Google, in a move that could reshape how technology giants do business. The Department of Justice (DoJ) says the measures may include “structural requirements” to prevent Google from maintaining…
- NAIROBI, Kenya, Oct 9 – VisionSpring has unveiled a new line of its affordable eyeglasses aimed at addressing the needs of nearly 4 million Kenyans suffering from uncorrected blurry vision. The company says the initiative is focused on low-income communities, where access to affordable vision care…
- NAIROBI, Kenya, Oct 9 – VisionSpring has unveiled a new line of its affordable eyeglasses aimed at addressing the needs of nearly 4 million Kenyans suffering from uncorrected blurry vision. The company says the initiative is focused on low-income communities, where access to affordable vision care…
- NAIROBI, Kenya, Oct 9 – United Bank for Africa (UBA) has been named the winner of the 2024 Financial Inclusion champion. The lender says the event which took place during the Africa Fintech Forum in Nairobi underscores its commitment to enhancing banking accessibility across the continent. Its CEO…
- RIO DE JANEIRO, Oct. 9 (Xinhua) — Brazil’s Supreme Court on Tuesday authorized the social media platform X to resume operations in the country after being banned for over a month due to non-compliance with court rulings. Judge Alexandre de Moraes lifted the ban after X paid approximately 28.6…
- NAIROBI, Oct. 9 (Xinhua) — Kenya has abolished the minimum price for its tea sold at the region’s main auction market in the port city of Mombasa in a bid to make the product globally competitive and boost exports, the East African Tea Trade Association (EATTA) said on Tuesday. George Omuga,…
- JAKARTA, Oct. 8 (Xinhua) — Indonesian Minister of Industry Agus Gumiwang Kartasasmita said Tuesday that the Southeast Asian country had yet to allow Apple’s newly-released mobile phone product, iPhone 16, to enter the market as the U.S.-based company had not met the import requirement. “The iPhone…
- NAIROBI, Kenya, Oct 8 – Public Service and Human Capital Development Cabinet Secretary, Justine Muturi, has disclosed that 180,000 National Identity Cards remain uncollected at various Huduma Centres across the country. Speaking during the launch of the 2024 Customer Service Week, which runs from…
- NAIROBI, Kenya, OCT 8 – The Central Bank of Kenya (CBK) has reduced its base lending rate by 75 basis points to 12%, down from 12.75%. The decision follows a decline in inflation, which fell to 3.6% in September from 4.4% in August. The Monetary Policy Committee (MPC) emphasized that it will…
- OCT 8 – People waiting for an Uber should be patient enough to wait a few minutes longer for an electric car, the boss of the ride-hailing firm has said. “A couple of minutes isn’t going to kill anyone,” Dara Khosrowshahi told the BBC in an interview. Uber is rolling out new options to encourage […]
- NAIROBI, Kenya, Oct 8 – Royal Swinkels, the Dutch beverage company, has opened a local production of its malt-based carbonated soft drink, Bavaria Smalt, in Kenya. The Nairobi-based plant has an operational capacity to produce approximately 1,500 cases, translating to 36,000 bottles daily. Royal…
- NAIROBI, Kenya, OCT 8 – Kenyans are set to enjoy cheaper screening of some types of cancers after AAR Hospital slashed costs. The level 5 private hospital has halved the cost of a mammogram to Sh2,500 from Sh5,000. Breast ultrasound has also been cut to Sh3,500, down from Sh6,000 in the month of…
- NAIROBI, Kenya, Oct 8 – Nairobi has been selected to host the Africa Youth in Tourism Innovation Summit and Challenge (AYTIS) for the 3 consecutive years starting 2025 to 2027. The summit will be hosted by Tourism Events Advisory and Management Services Africa (TEAMS Africa), a partnership of…
- NAIROBI, Kenya, Oct 8 – Nairobi has been selected to host the Africa Youth in Tourism Innovation Summit and Challenge (AYTIS) for the 3 consecutive years starting 2025 to 2027. The summit will be hosted by Tourism Events Advisory and Management Services Africa (TEAMS Africa), a partnership of…
- MEXICO CITY, Oct. 8 (Xinhua) — Mexico’s light vehicle sector is on track to see record-high production and export levels in 2024, Director General of the Mexican Automotive Industry Association (AMIA) Odracir Barquera said on Monday. If current trends continue, light vehicle production in Mexico is…
- OCT 7 – A stock market rally in China has fizzled out as a highly-anticipated announcement on plans to boost the country’s ailing economy disappointed investors. Shares had jumped by over 10% as trading restarted after the Golden Week holiday but fell back after a news conference by the country’s…
- NAIROBI, Kenya Oct 8 – The Prime Cabinet Secretary, Musalia Mudavadi, has emphasized the need for tax administrators in the country to leverage technology-driven solutions to elevate trade and domestic resource mobilization. Speaking during the launch of the KRA Summit 2024, Mudavadi stressed that…
- SYDNEY, Oct. 8 (Xinhua) — An Australian court on Tuesday approved a fine for Qantas, the national flag carrier, for selling thousands of tickets for canceled flights. The Federal Court of Australia approved a 120 million Australian dollar (80.7 million U.S. dollar) settlement between the national…
- OCT 7 – A US federal judge has ruled that Google must allow Android apps made by rival technology firms onto its Google Play app store for three years starting next month. The change was among several remedies ordered by Judge James Donato in a case brought against Google by Epic Games, the maker…
- NAIROBI, Kenya, Oct 8 – Digital commerce enabler Network International has entered the Kenyan market with the launch of an in-person payment solution. The company aims to revolutionize payment systems across the continent. “We are introducing our point-of-sale (POS) solutions as part of our…
- NAIROBI, Kenya Oct 8 – The Sustainable Development Goal (SDG) Week Kenya edition, which aims to celebrate the youth and women, has been launched. The event was launched yesterday by the Director of Nuclear Energy Infrastructure Development (NuPEA), Erick Ohaga. The event will happen in Kajiado…
- SEOUL, Oct. 8 (Xinhua) — South Korea’s tech giant Samsung Electronics saw its earnings surge in the third quarter of this year, the company said Tuesday. Preliminary operating profit reached 9.1 trillion won (6.7 billion U.S. dollars) in the July-September quarter, up 274.5 percent compared to the…
- NAIROBI, Oct. 8 (Xinhua) — The Government called on the International Monetary Fund (IMF) to conduct an official review of the country’s corruption and governance issues. Prime Cabinet Secretary Musalia Mudavadi, also the cabinet secretary for Foreign and Diaspora Affairs, said that the IMF will…
- BERLIN, Oct. 7 (Xinhua) — Germany’s automotive sector experienced a downturn in the first half (H1) of 2024, with sales declining by 4.7 percent year-on-year, the Federal Statistical Office (Destatis) reported on Monday. Total sales in the first six months amounted to 269.5 billion euros (296.5…
- OCT 7 – Garissa County has limited access to sustainable agricultural practices and digital literacy, posing challenges to food security and economic development. Traditional farming methods are insufficient in the face of climate change, exacerbating food insecurity and economic hardships.…
- OCT 7 – Garissa County has limited access to sustainable agricultural practices and digital literacy, posing challenges to food security and economic development. Traditional farming methods are insufficient in the face of climate change, exacerbating food insecurity and economic hardships.…
- NAIROBI, Kenya, Oct 7 – David Kibet Kemei has been appointed as the new Director-General (DG) of the Competition Authority of Kenya (CAK), effective immediately. With over 30 years of experience across various sectors, Kemei aims to enhance the competition framework to promote economic prosperity.…
- NAIROBI, Kenya, Oct 7 — The country’s power generation has increased by 5.44 per cent since 2022, official government data has revealed. Data from the ministry of Energy and Petroleum availed on Monday showed generation across the country increased from 3,076 Megawatts recorded in 2022 to 3,243…
- NAIROBI, Kenya, Oct 7 – The East African Breweries Limited spent Sh5.9 billion in youth, women, and people with disabilities-led businesses last year. This represents 7.9 percent of EABL’s total supplier base, surpassing the initial target of 6 percent. The investment is part of brewer’s strategy…
- NAIROBI, Kenya, Oct 7 – Kenya is ramping up efforts to expand market volumes within the East African Community (EAC) region, with a strong focus on boosting micro, small, and medium enterprises (MSMEs). Speaking at the unveiling of the National Organizing Committee for the 24th EAC MSME Trade Fair…
- OCT 7 – The average UK house price came close to reaching a record high last month as falling mortgage rates helped to boost confidence among buyers, according to Halifax. The UK’s largest mortgage lender said the average price hit £293,399 in September, just short of the record £293,507 reached…
- OCT 7 – While more SMEs realize that keeping customers happy is key to staying competitive, they often struggle with issues like limited access to technology, tight budgets, a lack of trained staff, and unreliable infrastructure. For instance, consider a local clothing store in Kisumu that wants to…
- By Mariana Kemei OCT 7 – There is an evolution in the landscape of education, as the role of technology in enhancing learning has become more prominent than ever. The development of educational technology (EdTech) is a critical area where innovation can significantly impact how children learn and…
- SACRAMENTO, United States, Oct. 7 (Xinhua) — Faced with shrinking student populations and budget constraints, school districts across the United States are grappling with difficult decisions about closing and consolidating under-enrolled schools. A new study published at the end of September by the…
- NAIROBI, Kenya Oct 7 – The number of customers now using Kenya Power and Lighting Company (KPLC) self-service digital platforms has surged to 2.1 million, up from 1.7 million. The power utility firm noted the number of interactions on its unstructured supplementary service data (USSD) platform and…
- NAIROBI, Kenya, Oct 7 – The Assets Recovery Agency (ARA) is currently investigating 27 accounts that are linked to the key suspects in First Choice Recruitment and Consultancy Agency Limited. The agency is probing these accounts for possible financial misconduct, including money laundering and…
- OCT 7 – It was a regeneration idea that started half a century ago in the US, and has spread to other parts of the world. But can selling off empty, derelict properties for a nominal amount help solve urban blight? And who are the winners and losers in such schemes? Judy Aleksalza’s house in […]
- CAIRO, Oct. 7 (Xinhua) — Revenues of Egypt’s Suez Canal dropped by 60 percent and the number of ships passing through the waterway decreased by 49 percent since the beginning of 2024, an Egyptian official said Sunday. The Suez Canal Authority (SCA) Chairman Osama Rabie said in a statement that “the…
- COLOMBO, Oct. 7 (Xinhua) — Sri Lanka’s revenue from tourism in the first nine months of 2024 has surged by around 61 percent compared to the same period in 2023, the latest data from the Central Bank of Sri Lanka (CBSL) showed. Sri Lanka made 2.35 billion dollars from tourism in the first nine…
- NAIROBI, Kenya, Sept 5 — The recent removal of visa restrictions between Kenya and South Africa has been celebrated by South African businesses as a significant boost for the tourism industry. This sentiment was prominently voiced during the three-day Magical Kenya Travel Expo, which concluded on…
- NAIROBI, Kenya, Oct 6 – The government has been urged to expedite the digitization of services within the Ministry of Lands, a call made by stakeholders in the real estate sector. This follows the recent announcement of title deed paper theft from the government press offices. Chrispus Wachira,…
- OCT 6 – Maldivian President Mohammed Muizzu has told the BBC that he is confident that India will come to the aid of the island nation as it faces an economic crisis. Muizzu, who begins a five-day visit to India on Sunday, is expected to seek a bailout worth hundreds of millions of dollars. The…
