- NAIROBI, Kenya, Oct 13 – The Kenya Revenue Authority (KRA) is seeing an untapped big tax collection base in the informal sector that could see it expand revenue collection. KRA pledged to address challenges facing the sector in a bid to incentivize and onboard them into the tax net. KRA…
- MANILA, Oct. 13 (Xinhua) — Climate finance provided by multilateral development banks (MDBs) reached a new record high in 2022, according to a recent report. The Joint Report on MDBs Climate Finance, released on Thursday, said that 60.7 billion U.S. dollars of MDB climate finance was allocated for…
- TURKANA, Kenya, Oct 13 – The government is putting in place a solid institutional framework that will protect and promote the country’s rich and diverse traditions. President William Ruto said cultural assets will be instrumental in enhancing cohesion and stimulating economic growth. He noted that…
- NAIROBI, Kenya, Oct 13 – Better eye health would add more to Kenya’s economy than the coffee market, according to new research that was released during World Sight Day yesterday. Avoidable sight loss costs the country Sh22.3 billion per year, almost double the estimated revenue of the Kenyan coffee…
- Username Investment Ltd., the leading real estate company in Kenya has launched Nawiri Pamoja an event that aims at bringing together investors to build a community within a project. The event was held at The Vineyard Ngong, one of the most prime projects done by Username Investments in Ngong along…
- SINGAPORE, Oct. 12 (Xinhua) — A Scoot flight scheduled bounding to Perth, Australia, returned to Singapore Changi Airport on Thursday due to a bomb threat after takeoff, local media reported. A spokesperson for the airline told local media that the plane departed at 4:11 p.m. and turned back about…
- TOKYO, Oct. 12 (Xinhua) — Toyota Motor and Japanese oil company Idemitsu Kosan said Thursday that they have agreed to cooperate on developing next-generation batteries for electric vehicles (EVs). The two companies said they will set up a task force to work toward mass production technology for all…
- NAIROBI, Kenya, Oct 12 – Absa Bank Kenya has increased the daily transaction limit on its mobile platform, Timiza, to Sh500,000, increasing the transaction limit for customers using the wallet. Previously, users were only able to transact Sh300,000 per day. Likewise, a cap of Sh150,000 on a single…
- NAIROBI, Kenya, Oct 12 – The Environment Court has dismissed a petition challenging the importation and cultivation of Genetically Modified Organisms (GMOs). In its ruling, the court stated that there was no evidence to show that the government breached the laws and regulations on GMOs foods. The…
- NAIROBI, Kenya, Oct 12 – In August 2021, Brian Masengeli struggled to find work after graduating from Kenya’s South Eastern Kenya University. The only job he came across was one as a data entry intern at a local company. But something magical happened when he answered a recruitment advertisement in…
- KUALA LUMPUR, Oct. 12 (Xinhua) — Malaysia’s wholesale and retail trade recorded a sales value at 142.5 billion ringgit (30.21 billion U.S. dollars) in August, up 6.7 percent year-on-year, official data showed Thursday. The Department of Statistics Malaysia (DOSM) said in a statement that for month-…
- NAIROBI, Kenya, Oct 12 – Sahimiye Foundation has called on De La Rue, the world’s biggest printer of banknotes, to cancel a contentious Sh1.43 billion ( )$9.6 million) contract to print 380 billion SL shillings for the Somaliland government. In an open letter to De La Rue, Sahamiye notes the…
- NAIROBI, Kenya, Oct 12 – Diplomats in Kenya have given the thumbs-up on their tour to the new Standard Gauge Railway in the country. The envoys from 13 countries made stops at key SGR facilities before boarding a train bound for the port city of Mombasa on Friday. The tour was part of the railway’s…
- SEOUL, Oct. 12 (Xinhua) — South Korea’s tax revenue fell for the first eight months of this year due to the economic slowdown and real estate market slump, government data showed Thursday. Tax revenue came in at 241.6 trillion won (180.3 billion U.S. dollars) in the January-August period, down 47.6…
- NAIROBI, Kenya, Oct 12 – The Co-operative, Small, and Medium Enterprises Development Cabinet Secretary (CS) has ordered an inquiry into suspected violations of Saccos regulations by the Kenya Union of Savings and Credit Cooperative Society Ltd (KUSCCO). The CS has directed the Sacco Societies…
- SEOUL, Oct. 12 (Xinhua) — More than 4,000 cases of industrial accidents had not been reported in South Korea for the past five years, government data showed Thursday. A total of 4,146 cases of non-reported industrial accidents had been found through supervision in recent five years, according to…
- NAIROBI, Kenya, Oct 12 – Kitui county in partnership with Safaricom has signed up for MyCounty app to increase its own-source revenue collections. MyCounty app platform seeks to digitize county services for efficient operations. The platform will offer services such as payment for county services,…
- NAIROBI, Kenya, Oct 12 – Financial experts, primarily drawn from the Islamic faith, have welcomed the move to establish a legal framework to regulate their institutions in the country. They agree that the move will significantly cut operating costs by removing additional expenses needed to comply…
- NAIROBI, Kenya, Oct 12 – Ride-hailing platform Bolt will be investing Sh15.85 billion (€100 million) in Kenya to expand its presence across the country. The planned capital injection will see the firm enter more cities and town centres in Kenya. Early this year, the Estonian-based company announced…
- COPENHAGEN, Oct. 11 (Xinhua) — By 2024, in the World Health Organization’s (WHO) European Region the number of people aged over 65 is expected to exceed that of those under 15, according to a new report released here on Wednesday. Entitled “Promoting physical activity and healthy diets for healthy…
- KISUMU, Kenya, Oct 11 – The department of tourism in the national government has tipped county governments to maximize levy collection on their tourism products to spur growth in their counties. Tourism Secretary in the Ministry of Tourism and Wildlife Patrick Bucha says the counties have struggled…
- NAIROBI, Kenya, Oct 11 – Artcaffé Group has opened a new outlet in Nairobi’s Village Market Shopping Complex as it targets surrounding affluent areas. The new branch sells meat, rafted bakeries, wholesome ready meals, fresh fruits and vegetables, and fine wines and spirits. Sylvia Karimi, the…
- NAIROBI, Kenya, Oct 11 – The Kenya Revenue Authority (KRA) has re-deployed Lilian Nyawanda as the Commissioner of Customs and Border Control (C&BC). Nyawanda will oversee the department’s core business of trade facilitation, border control, and revenue mobilisation. “The re-deployment follows…
- NAIROBI, Kenya, Oct 11 – The National Transport and Safety Authority (NTSA) has said that it will not renew Bolt’s operating licence in Kenya until numerous complaints from drivers, including booking fees, and illegal commission charges are ironed out. The denial comes after the Estonian-founded…
- ISTANBUL, Oct. 11 (Xinhua) — Two of Türkiye’s airlines have suspended flights to and from Israel due to the ongoing conflict between the Palestinians and Israel, local media reported on Wednesday. Turkish Airlines (THY), the national flag carrier, announced Tuesday that flights were suspended until…
- NAIROBI, Kenya, Oct 11 – Health Cabinet Secretary (CS) Susan Nakhumicha has announced that the government will not be renewing a deal with Cuban doctors. Instead, the CS said that the country will count on local healthcare professionals who are up to task. “As a ministry, I am confident that we…
- NAIROBI, Kenya, Oct 11 – The Africa Digital Media Institute (ADMI) and Women in Real Estate Society (WIRE) have partnered to promote digital literacy for women in the construction industry. The partnership will see women professionals in the built industry, which include architects, quantity…
- HANOI, Oct. 11 (Xinhua) — Vietnam’s e-commerce export revenues are predicted to rise to 5.5 billion U.S. dollars by 2027 with an annual growth rate of 7 percent, according to latest statistics of British technology advisory firm Access Partnership. This target can be achieved if the micro, small…
- NAIROBI, Kenya, Oct 11 – Borrowers of the NCBA Bank are set to pay more for loans taken as the lender moves to increase the lending rate. Starting November 8, 2023, the lender will increase its rate from 13 percent to 14.5 percent on Kenyan shilling-denominated loans. Dollar loans will also attract…
- SEOUL, Oct. 11 (Xinhua) — South Korea’s tech firm Samsung Electronics logged a double-digit fall in its third-quarter earnings due to the continued semiconductor slump, the company said Wednesday. Preliminary operating profit amounted to 2.4 trillion won (1.8 billion U.S. dollars) during the July-…
- NAIROBI, Oct. 8 (Xinhua) — The Chinese-built Mombasa-Nairobi Standard Gauge Railway (SGR) has been a catalyst for transformation in Kenya since its launch six years ago, a group of foreign envoys based in Kenya have said. Speaking during a ride at the SGR passenger train from Nairobi, the Kenyan…
- NAIROBI, Kenya, Oct 11 – Konza Technopolis has partnered with the Special Economic Zone Authority (SEZA) to bolster development at the Machakos-based metropolis. The two said the partnership will hasten the operationalization of the technopolis as a Special Economic Zone (SEZ). KoTDA CEO John Paul…
- COLOMBO, Oct. 10 (Xinhua) — Sri Lanka’s cabinet has decided to compensate 53,965 farmers whose crops were damaged due to dry weather conditions in the 2023 Yala harvest season, a minister said on Tuesday. Minister of Agriculture Mahinda Amaraweera told media that the cabinet agreed to provide…
- LUANDA, Oct. 10 (Xinhua) — Angola’s national carrier, TAAG Angola Airlines, announced on Tuesday its plans to order four Boeing 787 wide-body aircraft for its fleet, according to a press release issued by the company. “Our goal is to work with the best manufacturers in the world toward a multi-type…
- NAIROBI, Kenya, Oct 10 – Laxmanbhai Construction Limited, a building contractor in East Africa, has been appointed to construct infrastructure projects at Tatu Central, a new business and living district of Tatu City. The construction firm, which was selected after a rigorous vetting process that…
- NAIROBI, Kenya, Oct 10 – In an era dominated by escalating climate change concerns and a growing recognition of the urgent need for environmental responsibility, industries worldwide are awakening to the imperative of adopting eco-friendly solutions. Companies are swiftly transitioning towards…
- NAIROBI, Kenya, Oct 10 – Kenya’s public sector is still rife with corruption, a new report shows, even as government efforts to eradicate the vice persist. PricewaterhouseCoopers’ (PwC) says that this is despite efforts to build and strengthen accountability through investments in public finance…
- SEOUL, Oct. 10 (Xinhua) — South Korea’s jobless claims rose last month amid the lingering worry about economic downturn, labor ministry data showed Tuesday. The number of new applicants for job-seeking benefits stood at 82,000 in September, up 1.2 percent from the same month of last year, according…
- NAIROBI, Kenya, Oct 10 – Young job seekers in Western Kenya looking for opportunities in the agri-food sector will get working roles under the second phase of the Vijana na Kilimo Project. The project is a youth employment activity funded by the German government through the GIZ Agri-Jobs 4 Youth…
- By Henry Ddungu NAIROBI, Kenya, Oct 10 – In today’s world where modern technology has us glued to our screens, teens and adults alike are woefully inactive. According to the World Health Organisation (WHO) global estimates show that one in four adults and more than 80% of adolescents do not do…
- ULAN BATOR, Oct. 10 (Xinhua) — Mongolia purchased 13.2 tons of gold in the first three quarters from legal entities and individuals, the central bank said Tuesday. As of September, Mongolia’s average gold purchase price had been 213,818.68 Mongolian tugriks (about 62 U.S. dollars) per gram, the…
- NAIROBI, Oct. 9 (Xinhua) — Kenya on Monday hosted China’s Jiangxi investment and trade promotion forum in the capital of Nairobi, with participants including senior officials, diplomats and investors renewing the call for enhanced Sino-Kenyan economic ties. Convened by the Kenya National Chamber of…
- KISUMU, Kenya, Oct 10 – President William Ruto has completed his 4-day development tour of the Nyanza Region. The President’s tour focused on the development of infrastructure aimed at stimulating the region’s economic growth. President Ruto noted that the Nyanza region will play a leading role in…
- CHINA, Oct 9 – With the recent ban on iPhone 12 sales in France due to radiation concerns, a potential snowball effect looms, as other European Union member states could follow suit in an international push to reign in big tech. In a statement to the press earlier last month, France’s Digital…
- NAIROBI, Kenya, Oct 9 – Kenya Airways (KQ) has received two awards from SkyTeam for being the first African carrier to use sustainable aviation fuel (SAF) from Africa to Europe. The two accolades included Best Innovation and Most Impactful Breakthrough. In May 2023, KQ successfully executed a…
- NAIROBI, Kenya, Oct 9 – Digital payments service provider SasaPay has rolled out a new solution that allows matatus to receive digital payments. Dubbed SasaPay Fare Collection Tills, it will offer passenger service vehicles (PSVs) convenience, transparency, and financial accountability. Users are…
- NAIROBI, Kenya, Oct 9 – Posta Kenya is in the process of transforming its outlets into comprehensive communications solutions hubs, offering a spectrum of services, including e-Payment, e-Governance, and E-commerce, among other innovations. Speaking during the commemoration of the 148th World Post…
- MIGORI, Kenya, Oct 9 – Migori farmers have been urged to embrace the usage of organic farm inputs in their farms to promote climate-smart agriculture for sustainable economic growth. Egyagro East Africa Limited CEO Ahmed Abdelaziz said natural manures will increase their farm produces. He said that…
- NAIROBI, Kenya, Mar 22- President William Ruto has signed into law a legislation which seeks to speed up the process of privatising State owned corporations by allowing the National Treasury the authority to sell off the entities without Parliamentary approval. The President who is on a tour of…
- CHINA, Oct 9 – The Financial Times and other influential Western newspapers are siding with executives from European automakers in voicing concern over the European Union’s anti-subsidy investigation into imports of China-made electric vehicles. Despite clear objections from the Chinese side, the…