- By Susanna Ray NAIROBI, Kenya, Nov 17 – The term ‘AI’ has been used in computer science since the 1950s, but most people outside the industry didn’t start talking about it until the end of 2022. That’s because recent advances in machine learning led to big breakthroughs that are beginning to have a…
- NAIROBI, Kenya, Nov 17 – The United Nations Development Programme (UNDP), the World Bank, and the Kenya Investment Authority (KenInvest) have today announced a new partnership to develop and implement an investment facilitation framework and a foreign direct investment (FDI) attraction strategy.…
- NAIROBI, Kenya, Nov 17 – A total of 163,827 metric tons (MT) of duty-free sugar was imported into the country between January and September this year to cool off the high prices of the commodity. This comes after the government earlier authorized firms to import 250,000 MT of white and brown…
- TOKYO, Nov. 17 (Xinhua) — More than 10 people have been sent to hospital in Japan’s western prefecture of Osaka this year after eating gummies potentially containing cannabis derivatives, the prefectural police said. The Osaka Prefectural Police told reporters on Thursday, following such incidents…
- NAIROBI, Kenya Nov 17 – The real estate industry in Kenya is undergoing significant transformations, driven by the rising desire of citizens to own land and properties, as indicated in the 2022 report from the Kenya National Bureau of Standards (KNBS). The combination of an expanding middle class,…
- NAIROBI, Kenya, Nov 17 – Davis & Shirtliff and Huawei Technologies have entered into a partnership to increase the availability of affordable high-end solar and digital power solutions to accelerate the transition of Kenyan homes and businesses to clean renewable energy. The leading supplier of…
- NAIROBI, Kenya, Nov 17 – Africa leading integrated communications agency, 3 Verse (3VR) has triumphed in a hotly contested global pitch for East African tech giant Safaricom. The agency was appointed as lead creative and strategic partner. Safaricom is the leading telecommunications company in East…
- NAIROBI, Kenya, Nov 17 – National Assembly Majority leader Kimani Ichung’wah has dismissed the dossier by Azimio La Umoja One Kenya Leader Raila Odinga on Government-to-Government (G to G) oil deal between Kenya, Saudi Arabia and the United Arab Emirates as hot air. In a quick rejoinder, Ichung’wah…
- KIEV, Nov. 17 (Xinhua) — Ukraine will build a “dry port” in the western Zakarpattia region to boost grain exports to the European Union (EU), local authorities said Thursday. The multimodal logistics hub, Horonda Platform, to be built in the village of Horonda will be implemented by Italian…
- NAIROBI, Kenya, Nov 17 – Unpaid government bills stood at Sh630.6 billion as of September 30, 2023, as the state struggles to clear bills owed toke private and government businesses. It comprises Sh509.4 billion (73.4 percent) and Sh121.2 billion (26.1 percent) for the state corporations (SCs) and…
- NAIROBI, Kenya, Nov 17 – President William Ruto has urged nations in the Global South to unite in addressing issues affecting the world. He said the Global South must take advantage of the democratic character of multilateralism to push for meaningful changes. President Ruto noted that it is time…
- NAIROBI, Kenya, Nov 17 – London Distillers Kenya Limited Chairman Mohan Galot is supporting concerns raised by the Kenya Breweries over the latest tax policies, which he said could collapse the sector. Galot said the requirement to pay excise duty upfront and the increased taxation on spirits are…
- NEW YORK, Nov. 16 (Xinhua) — The U.S. dollar stayed nearly flat in late trading on Thursday, as the number of Americans filing new claims for unemployment benefits increased to a three-month high last week. The dollar index, which measures the greenback against six major peers, fell 0.04 percent to…
- NAIROBI, Kenya, Nov 17 – Co-operative Bank profit after tax grew by Sh1.3 billion to Sh18.4 billion in the nine months ended September after interest income from loans grew. During a similar period last year, the lender recorded Sh17.1 billion in net profit. While net interest income expanded by 2.…
- NAIROBI, Nov. 15 (Xinhua) — Strolling through streets in the Kenyan capital of Nairobi, people are likely to observe a vibrant youth presence, especially on Sundays when the bustling city typically experiences a lull in foot traffic. A closer look at these lively gatherings reveals groups of people…
- SEOUL, Nov. 17 (Xinhua) — South Korea’s government on Friday saw signs of economic recovery due to recovering production in the manufacturing industry and the continued improvement in the services sector. The Ministry of Economy and Finance said in its monthly report, called Green Book, that the…
- LISBON, Nov. 17 (Xinhua) — The Web Summit 2023 concluded on Thursday in Portugal after highlighting widespread growth in global technological ventures. This year’s edition focused on topics related to Artificial Intelligence (AI), which dominated discussions and presentations by startups. The…
- LONDON, United Kingdom, Nov 16 – Germany has a huge problem with gambling, with 4.6 million adults in the nation of 83 million addicted to it, the country’s Federal Drugs Commission has reported. In a new report, the commission says around 1.3 million adults in Germany have lives that revolve…
- NAIROBI, Kenya, Nov 16 – Aspira has announced price reductions of up to 63 percent ahead of the December festivities. Some of the products that will enjoy low prices include home appliances, furniture, and electronics from its network of over 250 retail partners. While Naivas, Furniture Palace,…
- NAIROBI, Kenya, Nov 16 – The Bar Hotels & Liquor Traders Association of Kenya (BAHLITA) has raised the alarm over several amendment bills being introduced in counties that they say will kill the alcoholic beverage sector and harm the hospitality sector as a whole. At a meeting in Nairobi, the…
- MOSCOW, Russia, Nov 16 – Relations between Russia and the United States are currently undergoing a great crisis, and ties between the two countries could be severed at any moment, the Russian Foreign Ministry said Thursday. The foreign ministry issued a statement reflecting on the relationship…
- NAIROBI, Kenya, Nov 16 – Technology leaders from across Africa will convene at the 15th annual CIO100 Symposium & Awards, taking place in Diani, Kwale, from November 22nd to 24th. Organized by the African digital transformation driver, dx5, the CIO100 Symposium & Awards recognizes companies…
- ISLAMABAD, Nov. 16 (Xinhua) — The International Monetary Fund (IMF) and the Pakistani authorities have reached a staff-level agreement on the first review under Pakistan’s Stand-By Arrangement, the IMF said. The agreement on the first review of the nine-month arrangement is subject to approval by…
- NAIROBI, Kenya, Nov 16 – Kenyan debt has increased to Sh10.6 due to the uptake of domestic and international loans as well as currency fluctuation. Data from the National Treasury shows that the country’s debt stock grew from Sh1.8 trillion to Sh10.6 trillion as of the end of September 30, 2023.…
- NAIROBI, Kenya, Nov 16 – iZola has today launched Xaidi App, a new digital health helper that seeks to empower special needs children and their families by enabling them to navigate their day-to-day life challenges and opportunities in their healthcare journey. The innovative AI App built by young…
- NAIROBI, Kenya, Nov 16 – Zimele Asset Management yesterday introduced a new digital administrative and investment solution for chamas. The new product, dubbed ‘Zimele Chama Manager’, allows members to control finances as well as lucrative investment returns. Users will also get SMS alerts whenever…
- NAIROBI, Kenya, Nov 16 – Absa Bank has been ranked top for its commitment to climate sustainability during the seventh edition of the SFI Catalyst Awards organized by the Kenya Bankers Association (KBA). The lender floored its competitors in the industry in several categories, including Best in…
- NAIROBI, Kenya, Nov 16 – Former Lamu Senator Anuar Loitiptip has finally been charged with obtaining Sh6 million by offering for sale a vehicle whose registration had fake documents. He was appearing before Senior Principal Magistrate Gilbert Shikwe where he denied the three counts. The prosecution…
- NAIROBI, Kenya, Nov 16 – Kenya Deposit Insurance Corporation (KDIC) hosted the inaugural depositors’ insurance conference to promote bank deposit awareness among banks, consumers, mortgage firms, and microfinance institutions. Dubbed ‘Building a strong financial system through a savings culture and…
- NAIROBI, Kenya, Nov 16 – Manufacturer of stationery products Epson will spearhead the adoption of green printers in Kenyan and African schools. This follows recent research by the firm that revealed that 90 percent of students in Kenya agreed that printed learning materials help them to understand…
- BERLIN, Nov. 15 (Xinhua) — Germany’s Federal Constitutional Court on Wednesday annulled the national government’s decision to reallocate 60 billion euros (64.8 billion dollars) from a COVID-19 relief fund to be used for measures combatting climate change. The law under which the funds were…
- NAIROBI, Kenya, Nov 16 – A company associated with Ann Njeri Njoroge is not licensed to import fuel, Energy Cabinet Secretary (CS) Davis Chirchir has confirmed. The CS said that Anns Import and Export Enterprises Limited submitted a license application to the Energy and Petroleum Regulatory…
- NAIROBI, Kenya, Nov 16 – Former Kisii Governor James Ongwae will chair the Universal Service Advisory Council for a period of three years. Information, Communication, and the Digital Economy Cabinet Secretary (CS) Eliud Owalo also appointed the other eight members to the board starting yesterday.…
- NAIROBI, Kenya, Nov 16 – Bamburi Cement has sold its Ugandan business to Sarrai Group for Sh18.3 billion ($120 million). The sale follows board approval to sell its stake in Hima Cement Limited. However, the completion of the transaction is subject to regulatory clearances and approval by Bamburi…
- CHICAGO, Nov. 15 (Xinhua) — Gold futures on the COMEX division of the New York Mercantile Exchange fell on Wednesday as the U.S. dollar strengthened. The most active gold contract for December delivery fell 2.20 U.S. dollars, or 0.11 percent, to close at 1,964.30 dollars per ounce. The U.S. Labor…
- MEXICO CITY, Nov. 15 (Xinhua) — Mexico on Wednesday slammed the latest anti-immigrant measures passed by the legislature of the U.S. state of Texas, saying they aimed to curb the flow of migrants by criminalizing them. The bills passed by the Texas state legislature with the goal of criminalizing…
- NAIROBI, Nov. 14 (Xinhua) — Diabetes is taking a toll on Africa’s population due to rapid urbanization, sedentary lifestyle, poor dietary habits, and alcoholism, said a senior World Health Organization (WHO) Tuesday during World Diabetes Day. Matshidiso Moeti, the WHO regional director for Africa,…
- NAIROBI, Kenya, Nov 15 – Microfinance company Progressive Credit was awarded at the TopScoreBrands Awards ceremony that was held recently. It won for being the most trusted, transparent and reliable non-deposit taking microfinance company. “Our customers have always been at the heart of everything…
- NAIROBI, Kenya, Nov 15 – Digital lending platform Tala has introduced a new feature that will allow its users to borrow multiple times until they exhaust their pre-approved loan limit. Through the ‘top-up loan’ feature, lenders will not be required to reapply for new loans, saving them time and…
- NAIROBI, Kenya, Nov 15 – NCBA Group has opened a new branch in Ruaka Town, Kiambu County. The branch is located at Elizaphan Plaza and is one of the 10 branches that the lender has pledged to open this year as part of its countrywide expansion strategy. “At NCBA, we believe in fostering financial…
- NAIROBI, Kenya, Nov 15 – Affordable clean cooking stove company USAFI Green Energy has won the 2023 Ashden Awards for providing displaced people with clean energy. The startup makes and supplies affordable, low-carbon cook stoves in Kenya’s Kakuma Refugee Camp, which have created job opportunities…
- KABUL, Nov. 15 (Xinhua) — The Flydubai airline resumed flights between Dubai and Afghanistan’s capital Kabul on Wednesday, the state-run Radio and Televion Afghanistan (RTA) reported. Private TV channel TOLOnews reported that Air Arabia, another UAE airline, would soon start flights to Kabul. Since…
- NAIROBI, Kenya, Nov 15 – East African family businesses grew by 20 percent last year compared to a similar period in 2021, despite tough economic challenges. Data from PricewaterhouseCoopers (PwC) shows businesses in Africa improved from 46 percent growth in 2021 to 64 percent in 2022. The East…
- NAIROBI, Kenya, Nov 15 – Kenya Electricity Generating Company PLC (KenGen) has stepped up hydropower generation after the large dams in the Eastern Region recorded improved inflows over the past week with the onset of ongoing rains. The NSE-listed company said its operational boost at Seven Forks…
- SACRAMENTO, United States, Nov. 14 (Xinhua) — A new study revealed that the life expectancy for U.S. males had fallen to 73 years, nearly six years shorter than that of women — the widest gap since 1996. The study, published online in JAMA Internal Medicine on Monday, was jointly conducted by…
- ACCRA, Nov. 15 (Xinhua) — Ghanaian President Nana Addo Dankwa Akufo-Addo on Tuesday called for reparations for Africa over the effects of the trans-Atlantic slave trade on the continent. Akufo-Addo made the appeal at the opening of the Accra Reparations Conference in the Ghanaian capital of Accra,…
- NAIROBI, Kenya, Nov 15 – Liquid C2, a business of Cassava Technologies, will work with Google Cloud in Africa to offer African firms cloud computing securities. The deal is set to expand Google Cloud’s presence on the continent with Liquid C2’s established position across Africa. In the deal, the…
- SEOUL, Nov. 15 (Xinhua) — Four domestic and foreign automakers in South Korea will voluntarily recall some 11,000 vehicles for manufacturing defects, the transport ministry said on Wednesday. Mercedes-Benz Korea will recall 9,528 units of 14 models, including E 250 sedan, for a faulty fuel pump…
- NAIROBI, Kenya, Nov 15 – Nairobi Gate Industrial Park yesterday opened the first Special Economic Zone (SEZ) with a gazetted customs control area in East Africa. The consolidation will allow businesses operating from the facility to access a one-stop shop for regulatory agencies, including the…
- NAIROBI, Kenya, Nov 15 – @iLabAfrica-Strathmore University last week opened the 2nd Global Data Science and Artificial Intelligence (GDSAI) Summit in Nairobi. The event was attended by @iLabAfrica Director Joseph Sevilla, African Continental Free Trade Area (AFCFTA) Secretary General Mene Wamkele,…