- NAIROBI, Kenya, Sep 13 – Aga Khan University Hospital has retired diesel generators that are used to power heating systems and replaced them with a biomass boiler to cut carbon emissions in the environment. The new biomass plant is set to reduce the hospital’s annual consumption of diesel by 860,…
- VIENNA, Sept. 12 (Xinhua) — Robust global oil demand growth has been forecast in 2023 and 2024 by the Organization of the Petroleum Exporting Countries (OPEC), thanks to “resilient” global economic growth. In its monthly oil market report for September, published on Tuesday, OPEC said it expected…
- NAIROBI, Kenya, Sep 13 – Liquid Intelligent Technologies, part of the Pan-African technology group Cassava Technologies, is linking Kenya and Ethiopia through a fully redundant terrestrial route to improve internet connectivity between the two nations. The 1,000-kilometer fiber link seeks to offer…
- NAIROBI, Kenya Sep 8 – Lipton Teas and Infusions brought together leading stakeholders in the tea industry to foster increased value in Kenya through enhanced sustainability practices and the production of high-quality tea. The side event, “Kenya as a role model: championing sustainable tea…
- NAIROBI, Kenya, Sep 13 – ICT Authority has rolled out applications for the presidential Digital Talent programme targeting women, persons living with disabilities as well as people in the Arid and Semi-Arid Lands (ASAL). The initiative seeks to equip 400 young Kenyans with an array of ICT skills,…
- NAIROBI, Kenya, Sep 13 – Tax Justice Network Africa (TJNA) in collaboration with the African Union Commission (AUC), Department for Economic Development, Trade, Tourism, and Industry, have commenced the validation of its anti-Illicit Financial Flows (IFFs) policy tracker tool. The policy tracker,…
- WASHINGTON, Sept. 12 (Xinhua) — The poverty rate in the United States rose to 12.4 percent in 2022, with child poverty more than doubling from 2021, according to the U.S. Census Bureau report released on Tuesday. The Supplemental Poverty Measure (SPM), which measures whether people have enough…
- NAIROBI, Kenya, Sep 13 – Nigeria’s payment startup Flutterwave has announced that it will be investing $50 million (Sh7.33 billion) into the Kenyan payments and remittance market. Its founder, Olugbenga Agboola, also announced in Nairobi that the firm will embark on the investment once it receives…
- Africa’s economy continues to showcase remarkable growth potential, with a projected average gross domestic product (GDP) growth of approximately 4% in 2023 and 2024. Against this backdrop, the continent is abuzz with both opportunities and developmental solutions, driven by advancements in…
- East Africa’s tech industry is witnessing unprecedented growth, with startups across the region revolutionizing their respective sectors. Yet, a significant challenge remains – a shortage of skilled developers. Recognizing this, Ethiopian entrepreneurs Amadou Daffe and Hiruy Amanuel founded Gebeya…
- NAIROBI, Kenya, Sep 12 – Epson Corporation has established a new sales company, Epson Middle East FZCO [EME], as the tech firm seeks to expand in regions of Africa, the Caucasus, Central Asia, the Middle East, Moldova, Turkey, and Ukraine. The newly formed office will be centrally based in Dubai,…
- NAIROBI, Kenya, Sep 12 – Digital payments service provider SasaPay has unveiled a new strategy that will see it increase its customer base in Kenya and abroad. The new strategy seeks to offer cutting-edge financial solutions and secure payment experiences in the financial services sector, including…
- KISUMU, Kenya, Sep 12 – The government is keen to operationalize the computer misuse and cybercrime Act of 2018 by putting in place strong regulations. David Njoga, head of cyber security, policy and strategy at the national computer and cyber-crime coordination committee said the law has remained…
- BRUSSELS, Sept. 12 (Xinhua) — With its cutting-edge technology, novel marketing models and competitive prices, China’s electric vehicle (EV) industry is heading for the fast lane at both European and global level. Brands such as BYD, NIO, Xpeng, Hongqi and Lynk & Co are making a name in Europe…
- NAIROBI, Kenya, Sep 12 – The National Employment Authority (NEA) is looking for a new Director General (DG) to implement the government’s bottom-up economic agenda of job creation for thousands of unemployed youths. In a statement, NEA said that the new DG will serve in the position for a period of…
- NAIROBI, Kenya, Sep 12 — Central Bank of Kenya (CBK) Board Chairperson nominee Andrew Musangi has reported his net worth at Sh1.2bn with portfolios in real estate, the stock exchange and bonds. The corporate lawyer who served as Chairperson of Jubilee Party’s National Elections Board before…
- BANGKOK, Sept. 12 (Xinhua) — Thailand’s industrial confidence fell to a one-year low in August as weak purchasing power among trade partners weighed on demand for industrial goods, data showed on Tuesday. The Thailand Industry Sentiment Index (TISI) dropped to 91.3 last month from 92.3 in July as…
- NAIROBI, Kenya, Sep 12 – Brussels Airlines will, starting next year, begin flying between Nairobi and Belgium’s Brussels six times a week as the airline seeks to expand its presence on the African continent. Flights have been scheduled for Monday, Wednesday, Thursday, Friday, and Sunday in June…
- NAIROBI, Kenya Sep 12 – Kenya is gearing up for a national dialogue focused on increasing the consumption of indigenous foods to promote healthier diets. The initiative, led by the Ministry of Agriculture in collaboration with the private sector, has different goals: improving nutrition,…
- BEIJING, Sept. 12 (Xinhua) — The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 162 pips to 7.1986 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by…
- NAIROBI, Kenya, Sep 12 – Logistic company Kuenhe+Nagel Kenya has acquired Morgan Air and Sea Freight Logistics Kenya Limited for an undisclosed amount. The Competition Authority of Kenya (CAK) said that it approved the proposed takeover as the transaction is unlikely to negatively impact…
- NAIROBI, Kenya, Sep 12 – Over 600 delegates and project professionals from around the world have gathered for the 8th annual Project Management Institute Africa Conference being held at the Emara Ole-Sereni Convention Center in Nairobi. Themed ‘The Africa We Want’-: Together We Can’, the three-day…
- ANKARA, Sep. 11 (Xinhua) — In Türkiye’s capital Ankara, the cost of living has become an increasingly heavy burden. In August alone, prices surged by a staggering 9 percent, contributing to an annual inflation rate of nearly 60 percent. Although the government urged citizens to remain patient, the…
- DUBLIN, Sept. 11 (Xinhua) — Sales of new electric cars in Ireland soared by almost 50 percent in August, according to the country’s Central Statistics Office (CSO) on Monday. The CSO said that a total of 2,255 new electric cars were sold in Ireland in August, up 49.04 percent compared with the same…
- NAIROBI, Kenya, Sep 12 – The Government is keen on facilitating Kenyans to participate meaningfully in the building of the country. President William Ruto said the deliberate access to opportunities will create wealth and improve people’s lives. He made the remarks on Monday at the Central of Kenya…
- NAIROBI, Kenya, Sep 11 – In the ever-changing world of marketing, new terms like Artificial Intelligence (AI), Environment Social and Governance (ESG), and Corporate Social Responsibility (CSR) have cropped up, reshaping the way brands connect with audiences. Today, we have a fresh player in the…
- NAIROBI, Kenya, Sep 11 – Kenyans living in the diaspora and locally will now be able to trade in government securities digitally after President William Ruto today unveiled DhowCSD. The depository infrastructure, which is under the Centaral Bank of Kenya, will help expand digital access, deepen…
- VLADIVOSTOK, Sept. 11 (Xinhua) — The Global South countries should coordinate their efforts to establish a new international financial system that would reduce the risks for developing economies arising from reliance on Western currencies and infrastructure in trade and investment, a Russian banker…
- NAIROBI, Kenya, Sep 11 – Businesses can now manage their petty cash by embracing digital payment solutions, helping them improve operational efficiency, safeguard against potential misuse and theft. This is after Tende Pay, a payment platform tailored/designed for business operations, said it is…
- NAIROBI, Kenya, Sep 11 – Kenyan small businesses will seek tk attract Chinese tech firms at the upcoming Kenya International Industry Expo (KITE). The 6th expo will take place from September 21 to 23rd at the Sarit Expo Centre in Nairobi. Themed ‘Spurring the Economic Growth and transformation in…
- NAIROBI, Kenya, Sep 11 – Kenyans living in the diaspora will now be able to access Absa Bank Kenya services remotely. The lender will allow Kenyans in the diaspora to access savings and payment options through their smartphones, tablets, or computers. “As a partner embracing digital technology, we…
- HANOI, Sept. 11 (Xinhua) — Vietnam aims to raise the cashless payment ratio in e-commerce, especially e-payments through payment intermediaries or applications, to 50 percent by 2025, Vietnam News Agency reported on Sunday. The target has been set by the Ministry of Industry and Trade in an effort…
- NAIROBI, Kenya, Sep 11 – Opposition-led civil unrest that occurred between the months of March and July this year pushed up the cost of healthcare in the country, a new report has revealed, squeezing already struggling Kenyans amid high inflation. A study released today by the Kenya Health…
- JERUSALEM, Sept. 10 (Xinhua) — Israel will allocate more than 2,000 additional megawatts in the national electricity grid to connect renewable energy facilities, mainly solar ones, the country’s Ministry of Energy and Infrastructure said in a statement on Sunday. The decision will allow the state-…
- NAIROBI, Kenya, Sep 11 – Cleanshelf Supermarkets Limited has expanded its nationwide branch in Kenya to 15 with a new outlet in Nairobi’s South B. The new retail store features modern amenities and a vast selection of goods that cater to the vibrant community of South B and its surroundings. “We…
- NAIROBI, Kenya, Sep 11 – Over 22,000 USIU-Africa alumni will get affordable health coverage from Jubilee Health following the signing of a new deal. Dubbed ‘AlumniCare’, the agreement will benefit USIU-Africa Alumni Association members. Under this, the healthcare solution will provide them with…
- NEW DELHI, Sept. 10 (Xinhua) — Having admitted the African Union (AU) as a permanent member, the Group of 20 (G20) took a historical step forward in improving global governance and revitalizing international economic cooperation. The expansion, agreed by G20 members on Saturday, gives developing…
- CAIRO, Sept. 10 (Xinhua) — Egypt said on Sunday that Ethiopia’s filling of the Grand Ethiopian Renaissance Dam (GERD) reservoir without a consensus with Egypt and Sudan, the two downstream countries, is a violation of the Declaration of Principles, a previously signed tripartite deal. On Sunday,…
- NAIROBI, Kenya, Sep 11 – Mobile money and remittances will continue to play an important role in Africa’s economic development if they are supported with tools to boost data-driven transparency and compliance, according to a new whitepaper that was released on Thursday by Global Voice Group (GVG),…
- BEIJING, Sept. 9 (Xinhua) — China imported 71.65 million tonnes of soybeans in the first eight months of this year, up 17.9 percent from a year earlier, customs data showed. In August alone, the country’s soybean imports reached 9.36 million tonnes, down from 9.73 million tonnes in July and 10.27…
- NAIROBI, Kenya, Sep 10 – Even though the Covid-19 pandemic drove up demand for online deliveries, their adoption had already gained some traction a few years ago. The penetration of smartphones and an improvement in last-mile deliveries also helped grow Kenya’s delivery sector. To tap into the ever…
- CAIRO, Sept. 9 (Xinhua) — Egypt and Saudi Arabia have close economic cooperation and Saudi investments in Egypt have reached 32 billion U.S. dollars, Egypt’s deputy planning minister said on Saturday. “We look forward to greater partnership and cooperation in trade and investment between the two…
- NAIROBI, Kenya, Sep 10 – Non-state actors under the Pan-African Climate Justice Alliance (PACJA) have called on African leaders to adopt comprehensive and inclusive financial approaches that are responsive to African realities, aspirations, and desires. The alliance is of the opinion that the…
- NAIROBI, Kenya, Sep 10 – In Kenya and globally, competition in the smartphone market is fierce, with rivals rolling out new smartphones every year to outshine each other. Hence, phone makers have no room to sell mediocre or sub-standard gadgets to customers, as they are spoilt for choice. As such,…
- NAIROBI, Kenya Sep 9 – As more and more Kenyans follow healthier lifestyles, demand for natural foods has been growing. Online delivery firm Glovo has also seen an uptick in grocery orders from partner stores. Through its own network of delivery-only supermarkets, ‘Glovo Bargains’, and top grocery…
- YANGON, Sept. 9 (Xinhua) — Myanmar exported about 222,600 tons of green grams in the first five months of the current fiscal year 2023-24 through next March, earning more than 149 million U.S. dollars, the Ministry of Commerce said on Saturday. Over 170,600 tons of the green gram exports were…
- NEW DELHI, Sept. 9 (Xinhua) — The Group of 20 (G20) members agreed on Saturday to grant permanent membership to the African Union (AU) in an effort to make the group more representative. The agreement was reached at the inaugural session of the two-day G20 summit held in New Delhi during the…
- NAIROBI, Sept. 7 (Xinhua) — Kenyan banks on Thursday launched the climate-related financial disclosure reporting template that provides an outline of how the country’s commercial lenders can manage financial risks associated with climate change. Habil Olaka, chief executive officer of the Kenya…
- LONDON, Sept. 8 (Xinhua) — The United Kingdom (UK) government is estimated to have lost up to 44.9 billion British pounds (56 billion U.S. dollars) to fraud and corruption in 2022, a report published by lawmakers revealed on Friday. “The Public Sector Fraud Authority (PSFA) does not have specific…
- NAIROBI, Sept. 8 (Xinhua) — African countries should invest in decentralized energy systems like mini-hydropower and solar plants to ensure off-grid communities have access to low-carbon electricity for lighting and cooking, experts said Thursday during the Africa Climate Week held in Nairobi, the…