- NAIROBI, Kenya, July 18 – Isuzu East Africa has signed an agreement with SGA Security for vehicle supply. Following the deal, Isuzu will supply its NMR 85H (cab and chassis), which will be customised into cash-in-transit (CIT) and courier vehicles, to support SGA’s expanding need for secure and…
- NAIROBI, Kenya, July 17 – Standard Chartered Kenya has achieved Sh2.99 billion in sustainable finance income in 2024, a 132 percent increase from the previous year. In 2024, the lender’s sustainable finance assets grew more than tenfold to Sh31.3 billion, underscoring growing market demand. Among…
- JULY 17 – Netflix says it has used visual effects created by generative artificial intelligence (AI) on screen for the first time in one of its original TV shows. The streaming giant’s co-CEO Ted Sarandos said AI, which produces videos and images based on prompts, was used to create a scene of a…
- Nairobi, Kenya, July 17 – At the end of 2023, the government announced Kenya had just lived its hottest year on record, up 0.37 degrees on the year before, only to be topped by 2024, which was hotter still. The Kenya Meteorological Department has not released the country’s average temperature for…
- NAIROBI, Kenya, July 17 – Enwealth Foundation Limited has partnered with the Evangelical Alliance of Kenya (EAK) to launch a financial literacy programme for children, combining money management skills with biblical values. The initiative, dubbed the Biblical Financial Literacy Program for Children…
- JULY 17 – Jaguar Land Rover (JLR) is to cut up to 500 management jobs in the UK, as the carmaker faces pressure on sales and profits from US trade tariffs. JLR said it would launch a voluntary redundancy scheme, and that the cuts were not expected to exceed 1.5% of its British workforce. The […]
- NAIROBI, Kenya, July 17 – Conflicting statements from the Ministry of Education and the National Treasury have sparked confusion over the status of capitation disbursements to public schools, raising concerns about funding delays and their impact on school operations. Principal Secretary for Basic…
- ACCRA, July 17 (Xinhua) — The Ghanaian government has announced that it plans to introduce electric vehicles (EVs) for ministers and heads of public institutions to help curb carbon emissions. During a public briefing on Wednesday, John Abdulai Jinapor, minister for energy and green transition,…
- NAIROBI, Kenya, July 17 – Strict enforcement measures at border points helped the Kenya Revenue Authority (KRA) collect about Sh3.6 billion daily from customs at border points. In the 2024/2025 fiscal year (FY), the taxman enforced tighter border point measures with scanners and data analytics to…
- JULY 17 – Helped by generous tax breaks, Ireland’s film and TV production sector has never been stronger. When Irish director Dearbhla Walsh started her career in Ireland in the late 1980s, opportunities for budding film-makers were limited. “There was no work in Ireland,” says Walsh, “To aspire to…
- NAIROBI, Kenya, July 17 – The Ministry of Education (MoE) is replacing the error-prone National Education Management Information System (NEMIS) with a new data system to streamline funding and improve real-time monitoring of Kenya’s education sector. Basic Education Principal Secretary Julius Bitok…
- NAIROBI, Kenya, July 17 – Kenya’s petroleum consumption in the first quarter of this year grew by 7.1 percent to 1.6 million cubic meters compared to 1.4 million cubic meters during a similar period in the preceding year, data from the Petroleum Institute of East Africa shows, buoyed by aviation…
- GUANGZHOU, July 17 (Xinhua) — China’s leading home appliance manufacturer Midea Group has become the official sponsor of the Africa Cup of Nations 2025, which is scheduled to be held in Morocco. Midea Group and the Confederation of African Football (CAF) also signed a sponsorship cooperation…
- JULY 17 – President Donald Trump says Coca-Cola has agreed to use real cane sugar in its drinks sold in the US. Coca-Cola uses corn syrup in its American products, but Trump’s Health Secretary Robert F Kennedy Jr has voiced concern about the ingredient’s health impacts. “I have been speaking to…
- NAIROBI, Kenya, July 17 – Treasury Cabinet Secretary John Mbadi has defended the government’s decision to use an additional Sh7 from the fuel levy to finance road constructions, saying it was the only viable option to restart stalled infrastructure projects. Mbadi noted that the government took the…
- By Christine Mugenyu and Faith Obunga NAIROBI, Kenya, July 17 – Kenyan employers looking to restructure must come to terms with the basic legal requirements for redundancy. In our experience, a key aspect is often overlooked: the process by which employees are selected for redundancy. This is where…
- JULY 17 – Samsung boss Lee Jae-yong has been cleared by South Korea’s top court of fraud charges, concluding a years-long legal battle over his role in a 2015 merger deal. Lee, the grandson of Samsung’s founder and the de facto head of the company since 2014, had been accused of using stock and…
- NAIROBI, Kenya, Jul 16 – The National Treasury has directed all Ministries, State Departments, and Agencies (MDAs) to thoroughly review their financial statements before submitting them to the Office of the Auditor-General (OAG) as part of a government effort to achieve a zero fault audit status.…
- JULY 16 – An “unbelievably rare” piece of Mars – the largest ever found on Earth – has sold for $4.3m (£3.2m) at a New York auction on Wednesday. The meteorite known as NWA 16788 weighs 54lb (24.5kg) and is nearly 15in (38.1cm) long, according to Sotheby’s. It was discovered in a remote region of…
- NAIROBI, Kenya, July 16 – Kenyan investors can now access global equity markets more easily following the secondary listing of the Satrix MSCI World Feeder Exchange Traded Fund (ETF) on the Nairobi Securities Exchange (NSE). The ETF, which begins trading at KES 761 per unit, marks a major step in…
- JULY 16 – Barclays Bank has been fined £42m by the UK’s financial watchdog for failures in its money laundering risk management. The Financial Conduct Authority (FCA) said Barclays had not properly vetted two of its clients, Stunt & Co and WealthTek. The FCA said Barclays “facilitated the…
- NAIROBI, Kenya, July 16 – NCBA Bank and equipment distributor Car & General have signed an asset financing partnership targeting individuals and small businesses seeking access to affordable equipment and machinery. The deal will provide up to 90% financing with repayment periods of up to 60…
- NAIROBI, Kenya, July 16, 2025 – Absa Bank Kenya has opened a new branch in Kawangware, a densely populated suburb of Nairobi, as part of its strategy to expand banking access to underserved urban communities and support local economic activity. The new outlet, located at Soko Safi Mall, becomes the…
- NAIROBI, Kenya, July 16 – Standard Chartered and British International Investment (BII), the UK’s development finance institution, have unveiled a Sh13 billion ($100 million) trade finance facility aimed at boosting access to capital for businesses in Kenya and Tanzania. The new facility is…
- NAIROBI, Kenya, July 16 – Kenya has turned to an innovative financing method to raise Sh175 billion and revive more than 580 stalled road projects across the country. In a statement on Wednesday, Cabinet Secretary for Roads and Transport Davis Chirchir said the government is using a portion of the…
- SACRAMENTO, the United States, July 16 (Xinhua) — American adolescents are facing a mounting mental health crisis, with two in five high school students reporting persistent feelings of sadness or hopelessness, according to newly released data highlighting the devastating impact of addictive screen…
- NAIROBI, Kenya, July 16 – The Ministry of Energy and Petroleum has defended the recent increase in pump prices, attributing it to global price fluctuations and not to domestic fiscal policies such as the securitisation of the Road Maintenance Levy. Energy and Petroleum Cabinet Secretary Opiyo…
- NAIROBI/LONDON, July 16 – Powering Renewable Energy Opportunities (PREO) has announced €4.26 million in grant funding to 22 clean tech companies across sub-Saharan Africa, marking its sixth and largest funding round to date. Delivered by the Carbon Trust and Mercy Corps’ Energy 4 Impact, and…
- NAIROBI, Kenya, July 16 – Clean cooking stove manufacturer BURN has expanded to Malawi as the firm seeks to accelerate access to clean cooking in Southern Africa. The firm has opened a 2,000-square-meter production and warehouse space in Malawi capable of producing up to 50,000 biomass stoves per…
- JULY 16 – Prices rose by more than expected in the year to June, pushing inflation to 3.6%, the highest it has been since January 2024. Higher prices for food and clothing, air and rail fares – and a lower drop in fuel prices than this time last year – contributed to higher inflation, official […]
- NAIROBI, Kenya, July 16 – A creditor from the Cytonn High Yield Solutions claims that there are unexplained gaps in the liquidation process of the 12.5 percent shareholding in Superior Homes. In a letter directed to the official receiver, dated 14 July 2025, Edwin Dande, a creditor, claimed that…
- NAIROBI, Kenya, July 16 – Safaricom still dominates Kenya’s SIM card subscriptions, data from the Communications Authority of Kenya (CA) shows. Out of 100 percent, the telco’s SIM card penetration stood at 63.3 percent between January and March 2025, with other players such as Airtel, among others…
- NAIROBI, Kenya, July 16 – Mediamax Network Limited has issued a notice of intention to declare redundancies, becoming the latest casualty in a wave of job losses sweeping through Kenya’s private sector. In an internal memo dated July 14, 2025, Chief Executive Officer Ken Ngaruiya noted that the…
- JULY 16 – Pop Mart, the Chinese toy firm behind the hugely popular Labubu dolls, has said its profits are set to soar for the first six months of this year. The Beijing-based company said it expects profits for the period to jump by at least 350% as revenues more than tripled. Pop Mart, which has a…
- NAIOBI, Kenya, July 16 – The Small and Medium Liquor Traders Association (MELTA) has opposed sections of the National Authority for the Campaign Against Alcohol and Drug Abuse (NACADA)’s newly proposed alcohol control regulations, warning that they could cripple livelihoods and undermine small…
- NAIROBI, Kenya, July 16 – Radisson Hotel Group has tapped South African hotelier Clinton Thom to lead Radisson Blu Hotel Nairobi as General Manager (GM). Thom’s appointment is part of the group’s strategy to strengthen its leadership in East Africa’s competitive hospitality sector. Prior to his…
- NAIROBI, Kenya, July 16 – Listed marketing firm WPP Scangroup has named Miriam Kaggwa as the new CEO with the expiry of Patricia Ithau’s contract. The firm’s Board of Directors announced that Ithau, who doubles up as its Chief Operating Officer, will occupy the position in an interim capacity until…
- JULY 16 – US President Donald Trump said he has settled on another tariff deal – this time with Indonesia. Trump said he had agreed to lower tariffs he had threatened on goods entering the US from Indonesia to 19%, in exchange for what he called “full access” for American firms. Terms of the deal…
- NAIROBI, Kenya, July 16 – Kenyans seeking to register for gambling accounts may soon be required to take a selfie holding their national ID, in what regulators say is part of a strategic plan to clean up the fast-growing betting industry. The Betting Control and Licensing Board (BCLB) is proposing…
- JULY 16 – The US is imposing a 17% tariff on most tomatoes imported from Mexico with immediate effect, the government said. The duty came into force after the US withdrew from a long-standing agreement with its southern neighbour, arguing that the deal “had failed to protect US tomato growers from…
- NAIROBI, July 15 (Xinhua) — Unchecked wetland degradation could trigger a 39 trillion U.S. dollar loss to the global economy, alongside worsening water stress and food insecurity, according to a report released Tuesday. Unveiled at the ongoing 20th Ordinary Session of the African Ministerial…
- JULY 15 – US inflation jumped last month as President Donald Trump’s tariffs took hold, pushing up prices for items from clothing to coffee. Consumer prices rose 2.7% in the year to June, up from 2.4% the previous month, with prices rising at the fastest pace since February, the Labor Department…
- NAIROBI, Kenya, July 15 – The Higher Education Loans Board (HELB) disbursed Sh 26.1 billion to 322,338 university students in the 2024/2025 financial year, according to its latest report on student financing. During the 2024/2025 fiscal year, 713,173 students applied for the education loan; however…
- NAIROBI, Kenya, July 15 – In Kenya’s fast-evolving financial sector, providing credit is no longer enough. To stand out in a crowded field of digital lenders and traditional banks, financial institutions are discovering that the real drivers of growth lie in how they treat—and teach—their customers…
- ABIDJAN, Côte d’Ivoire, July 15 – Equity Bank has been awarded the title of Best Regional Bank in East Africa at the 2025 African Banker Awards, held in Abidjan, Côte d’Ivoire. The recognition highlights the bank’s regional footprint and its role in advancing financial inclusion and socio-economic…
- JULY 15 – The Pentagon has signed a multi-million dollar deal to begin using Elon Musk’s artificial intelligence chatbot, Grok, as part of a wider rollout of AI tools for government use, the Department of Defence confirmed. Announced on Monday by Musk’s company xAI, the $200m (£149m) contract is…
- NAIROBI, Kenya July 15 – The National Treasury has set aside Sh1.5 billion for the Affordable Housing Internship Programme, an initiative launched by President William Ruto to empower fresh graduates and boost job creation in the country’s construction sector. Speaking during the official unveiling…
- JULY 15 – US technology giant Nvidia says it will soon resume sales of its high-end artificial intelligence (AI) chips to China. The US government has assured the firm that it will grant the licenses needed to restart exports to the world’s second largest economy, the company said in a blog post.…
- NAIROBI, Kenya, July 15 – First Assurance Company was recognized as the best insurance company in eco-system partnerships, cross-industry collaborations, fraud detection and prevention in this year’s Think Business Insurance Awards. The awards, which come at a time when the company is marking 95…
- NAIROBI, Kenya, Jul 15 – The Kenya Revenue Authority (KRA) has been appointed to collect sugar levies from millers and importers. This was announced by the Ministry of Agriculture and Livestock Development, Mutahi Kagwe. KRA is expected to issue detailed guidelines on the collection process. This…
