- NAIROBI, Kenya, Sep 4 – Pan-African payments platform SasaPay has picked Daniel Njoroge Kiriungi as the new Chief Operating Officer (COO) to lead the firm in the next phase. Kiriungi, who has 15 years of experience in the technology industry, will also dabble as the company’s deputy chief executive…
- By Anthony Mwangi Kenya will co-host the inaugural Africa Climate Summit (ACS) with the African Union Commission (AUC), in Nairobi, from the 4th to 6th September. The Summit will create a platform for African leaders from all sectors, including the public, academia, private and civil society,…
- The number of foreign tourists who arrived in India this year during January-June is 106 per cent more than the figure for the corresponding period in 2022, official sources said on Tuesday. Also, according to data shared by them, there has been a growth in foreign exchange earnings for this period…
- The Indian economy likely grew at the fastest pace in four quarters in April-June, with economists expecting GDP to have grown by 7.7 percent on a year-on-year basis, according to a Moneycontrol survey. According to the same survey, economists see GDP growth falling to a three-year low of 6.2…
- NAIROBI, Kenya, Sep 3 – The phrase “from grass to grace” sums up the professional development of Carol Kamicha, the marketing director at TopRide Driving School. With driving schools being considered a male-dominated career, driving school has been a no-go zone for most women, a perception that…
- KISUMU, Kenya, Sep 3 – Governors drawn from the sugar belt region and other stakeholders are set to meet in Kakamega next week to deliberate on a sugar task force report on the ailing sugar industry. The report was prepared by a taskforce committee that was co-chaired by former Kakamega Governor…
- NAIROBI, Kenya, Sep 2 – The recent pronouncement of a court judgment has sent shockwaves rippling through Kenya’s betting industry, triggering a dramatic upheaval in the sector’s landscape. In a twist that caught many by surprise, Justice Patrick Otieno of the High Court has delivered a verdict…
- STOCKHOLM, Sept. 1 (Xinhua) — The number of bankruptcies in Sweden has reached the highest level in a decade, according to statistics released here on Friday. Nearly 5,500 businesses went bankrupt between January and August, an increase of 35 percent year-on-year, the business and credit reference…
- NAIROBI, Kenya, Sep 2 – Adoption of alternative regulatory tools is the best way to oversight complexities arising from new and emerging innovations in Kenya. Appearing before a special committee of the national assembly, the Communications Authority of Kenya (CA) Director General Mr Ezra Chiloba…
- NAIROBI, Kenya, Aug 25 – STIHL East Africa has announced plans to introduce battery powered products in the East African Market as the firm celebrates its one year anniversary in the region. STIHL East Africa Managing Director Francois Marais said the move is necessitated by the demand for…
- NAIROBI, Kenya, Sep 1 – A total of seven agreements were signed between African and Singaporean firms at the 7th edition of the Africa-Singapore Business Forum (ASBF) that was organised by Enterprise Singapore (EnterpriseSG). The agreements span manufacturing, digitalization and technology,…
- NAIROBI, Kenya, Sep 1 – The Kenya Electricity Generating Company (KenGen) and Konza Technopolis Development Authority (KoTDA) have broken ground construction of a Green Energy Part at Olkaria in Naivasha, eyeing firms looking to embrace sustainable power sources. The facility will harness the area’…
- NAIROBI, Kenya, Sep 1 – Konza Technopolis City has entered into a partnership with dx⁵ (formerly CIO Africa) for the upcoming Smart Gov Summit 2023 that will be hosted at the Edge Convention Centre, College of Insurance. The event, which will be between September 28 and 29, seeks to bring together…
- NAIROBI, Aug. 30 (Xinhua) — Kenya’s tourism marketing body said on Tuesday that it is tapping into music festivals to drive and grow its domestic tourism portfolio. John Chirchir, acting chief executive officer of the Kenya Tourism Board (KTB), said the domestic market is a significant segment that…
- NAIROBI, Aug. 30 (Xinhua) — Kenya’s tourism marketing body said on Tuesday that it is tapping into music festivals to drive and grow its domestic tourism portfolio. John Chirchir, acting chief executive officer of the Kenya Tourism Board (KTB), said the domestic market is a significant segment that…
- NAIROBI, Aug. 29 (Xinhua) — Kenya is keen to attract Chinese manufacturers to establish operations in the country’s industrial parks, special economic zones and export processing zones, a government official said Monday. Peter Mbae, head of the ministerial delivery unit at the Ministry of…
- NAIROBI, Aug. 29 (Xinhua) — Kenya is keen to attract Chinese manufacturers to establish operations in the country’s industrial parks, special economic zones and export processing zones, a government official said Monday. Peter Mbae, head of the ministerial delivery unit at the Ministry of…
- By Mohamed Osman Mohamoud NAIROBI, Kenya, Sep 1 – The rapid ascent of the BRICS nations—Brazil, Russia, India, China, and South Africa—has intensified the dialogue around Africa’s role in the new world order. Historically a playground for Western influence and resource extraction, Africa is in a…
- By Mohamed Osman Mohamoud NAIROBI, Kenya, Sep 1 – The rapid ascent of the BRICS nations—Brazil, Russia, India, China, and South Africa—has intensified the dialogue around Africa’s role in the new world order. Historically a playground for Western influence and resource extraction, Africa is in a…
- NAIROBI, Kenya, Aug 31- Google Docs has introduced a more advanced proofreading option that uses artificial intelligence with aim to make your documents easier to read. In a statement on Workspace Updates blogs on Tuesday, the new proofreading tool will replace the widely used spellcheck and…
- NAIROBI, Kenya, Aug 31- X social media app will begin offering video and audio calls. In a statement on Thursday, its owner Elon Musk said the calling features will work on iOS, Android, Mac, and PC. He added that no phone number will be needed. “Video & audio calls coming to X: Works on iOS…
- NAIROBI, Kenya, Aug 31 – Skyward Express will begin flights between Nairobi and Migori in the middle of next month, expanding its network across Western Kenya. The first flight will depart Nairobi’s Wilson Airport on September 13 for Lichota Airstrip in Migori County. Dash 8 Q-100 will be deployed…
- NAIROBI, Kenya, Aug 31 – Kenya, through the ICT Authority, has partnered with the British Council and UKAID to roll out the development of the Citizen Digital Skills Programme, one of the main pillars in Kenya’s National Digital Master Plan (2022–2032). In a meeting workshop held in Nairobi,…
- BEIJING, China, Aug 31 – China’s lottery ticket sales surged 55.9 percent year on year to about 48.91 billion yuan (about 6.81 billion U.S. dollars) in July, data from the Ministry of Finance showed Thursday. Sales of lottery tickets to support the welfare system stood at approximately 17.87…
- NAIROBI, Kenya, Aug 31 – The government is set to allocate 2,000 acres of land that will be used for sunflower cultivation through a partnership with Sweden. The ministry of agriculture says that the new programme aims to reduce heavy expenditure on edible oil imports with a market value of Sh130…
- By Phyllis Migwi NAIROBI, Kenya, Aug 30 – Daily life very nearly came to a grinding halt in Kenya last month with millions of people unable to access the country’s more than 5,000 recently digitised, critical government services – from national health records to e-visa applications and electricity…
- NAIROBI, Kenya, Aug 28 — At least seven out of ten business in Kenya have expressed confidence in digital payments systems despite an increase taxes, a new report has revealed. An assessment contained in the report dubbed ‘The Future of Finance‘ listed ease of transacting and record keeping among…
- NAIROBI, Kenya Aug 30 – Listed total food company Unga Group Limited (NSE: UNGA) has welcomed the cabinet approval to operationalise the recently promulgated Strategic Food Reserve Regulations, 2023, terming it as a step in the right direction. The operationalisation of the Regulations Unga Group…
- NAIROBI, Kenya, Aug 29 – Kenya Airways (KQ) profit after tax grew 120 percent to Sh998 million in the half year ending July 30, compared to a loss of Sh5 billion during a similar period last year. KQ’s improved earnings are attributed to a cabin factor of 76.1 percent, an increase in passenger…
- NAIROBI, Kenya, Aug 29 – Credit Bank PLC has unveiled plans to join the Nairobi Securities Exchange (NSE), opening up its shareholding to the general public. The financial institution, with over 37 years of banking experience, says the move aligns with the bank’s vision of amplifying its market…
- BEIJING, China, Aug. 29 – Chinese Premier Li Qiang met with visiting U.S. Commerce Secretary Gina Raimondo on Tuesday in Beijing, calling on both sides to enhance mutually beneficial cooperation. Li said the economic and trade relations between China and the United States are mutually beneficial…
- NAIROBI, Kenya, Aug 29 – Victoria Commercial Bank (VCB) has refuted claims that its chief executive officer, Yogesh Pattni, was arrested by the Anti-Banking Fraud Unit, describing the statement as misleading. This comes after news circulated on social media platforms as well as local dailies that…
- NAIROBI, Kenya, Aug 29 – Financial analysts lobby, the Institute of Certified Investment and Financial Analysts (Icifa), has opened a new college in Nairobi’s KASNEB Towers to offer courses in investment, finance, and related disciplines. The institution, which will start admitting students next…
- NAIROBI, Kenya, Aug 29 – CIC Insurance net profit for the six months ending June grew 153 percent to Sh1.2 billion compared to a similar period last year. The insurer attributes the growth to new initiatives that were introduced earlier, focusing on customer experience, digital transformation, data…
- NAIROBI, Kenya, Aug 29 – Kenya has called on foreign and domestic investors to develop tourism facilities within the country’s national parks, game reserves, and wildlife sanctuaries. Peninah Malonza, cabinet secretary for the Ministry of Tourism, Wildlife and Heritage, told journalists in Nairobi…
- NAIROBI, Kenya, Aug 29 – Kenya’s economic growth, ranked among the fastest in Africa, has been accompanied by a steady rise in demand for electricity, necessitating the urgency to explore greener and cheaper sources of power. According to the Energy and Petroleum Regulatory Authority, a state…
- NAIROBI, Kenya, Aug 29 – ABSA Bank has recorded a Sh8.3 billion in profit after tax translating to a 32 percent increase over the same period last year, supported by sustainable double-digit revenue growth on its cardinal revenue streams. The institution also reported an increase in its total…
- NAIROBI, Kenya Aug 29 – Listed agribusiness and superfoods producer Kakuzi Plc (NSE: KUKZ) has successfully completed the inaugural export delivery of 181 Boran heifers to a Uganda-based rancher for breeding. The breeding heifers valued at more than Kshs 13.5 million left Kakuzi’s Makuyu, Murang’a…
- NAIROBI, Kenya, Aug 29 – Listed agribusiness and superfoods producer Kakuzi has successfully completed the inaugural export delivery of 181 Boran heifers to a Uganda-based rancher for breeding. The breeding heifers valued at more than S|h13.5 million left Kakuzi’s Makuyu, Murang’a County,…
- NAIROBI, Kenya Aug 28 The Nairobi Securities Exchange (NSE) listed real estate investment trust ILAM Fahari Real Estate Investment Trust (NSE:FAHR), has received regulatory approval from the Capital Markets Authority (CMA) to convert its unrestricted ILAM Fahari Income Real Estate Investment Trust…
- NAIROBI, Kenya, Aug 28 – Property dealers have a reason to smile after Real Estate firm Finsco Africa Limited entered into a deal with National Bank that will allow its customers to access funding from the lender to purchase land. The deal comes at a time when many Kenyans who despite willing to…
- NAIROBI, Kenya, Aug 28 – Parents can now access loans for school fees through Buy Now Pay Later firm, Aspira. Learners from Kindergarten to universities will be able to get funding from up to Sh500,000 under the Aspira Soma Education Loan facility. According to Aspira Kenya COO Irshad Muttur, the…
- Responding to a publication by a local newspaper on Monday, Ndii noted the country re-exports 40 per cent of the oil imported securing much of dollars recurred to settle the dollar-denominated bill.
- NAIROBI, Kenya, Aug 28 – The Government has come up with a comprehensive plan to tap resources in the blue economy to transform the lives of Kenyans. President William Ruto noted that the country has a lot of resources in the blue economy, which remain untapped. Speaking during the official launch…
- NAIROBI, Kenya, Aug 28 – President William Ruto has said that he fully supports commercialization of state-owned sugar factories and modernization. He criticized those against it, asserting the government’s failure in managing the mills despite attempts to revitalize. “We will have to agree on how…
- NAIROBI, Kenya, Aug 28 – Talent matching platform BrighterMonday has been crowned the Best E-Recruitment Portal at the prestigious Digital Tech Awards 2023. The firm emerged at the top for revolutionizing the country’s job recruitment landscape as well as connecting top talent with numerous work…
- The 3rd High-Level Dialogue (HLD) between India and the European Union (EU) took place on August 26, with co-chairmanship from Piyush Goyal, the Union Minister of Commerce and Industry, Consumer Affairs, Food & Public Distribution and Textiles, and Valdis Dombrovskis, the Executive Vice-…
- NAIROBI, Kenya, Aug 27 – Taxi provider MARAMOJA Transport will allow drivers to own vehicles through a new financing solution. Dubbed ‘MARAMOJA Rent-to-Own’, drivers will be provided with new cars, improving their incomes and livelihoods. Through this, drivers can bring a pro forma invoice for…
- BEIJING, Aug. 27 (Xinhua) — China handled a total of 910 million passenger trips via commercial transport last month, a surge of 47 percent year on year, said the Ministry of Transport. A total of 8.21 billion passenger trips were made in urban areas in July, an expansion of 14.7 percent year on…
- NAIROBI, Kenya, Aug 27 – Kenya Reinsurance profit after tax increased by nine percent to Sh900 million in the half year to June compared to a similar period last year on account of improved income on investment. In the six months to June 2023, investment income rose 16 percent to Sh2.15 billion…