- By Albanus Muthoka NAIROBI, Kenya, Sep 14 – Retirement planning is a critical aspect of every worker’s financial journey, and employers have a crucial role to play in supporting their employees in this. Recent developments in the retirement benefits industry – specifically the enactment of the NSSF…
- NAIROBI, Kenya, Sep 14 – Trevor Finn has been picked to chair Vipingo Ridge in Kilifi County following the resignation of long-serving chairperson Alastair Cavenagh. The new chairman replaces Cavenagh, who has been at the helm for a period of 20 years. The residential golf estate, however, says…
- NAIROBI, Kenya, Sep 14 – Trevor Finn has been picked to chair Vipingo Ridge in Kilifi County following the resignation of long-serving chairperson Alastair Cavanagh. The new chairman replaces Cavanagh, who has been at the helm for a period of 20 years. The residential golf estate, however, says…
- NEW DELHI, Sept. 14 (Xinhua) — India’s wholesale price index (WPI) contracted 0.52 percent in August, according to data released by the federal ministry of commerce and industry on Thursday. WPI inflation is an indicator of prices in the wholesale market rising or falling mainly due to steep…
- NAIROBI, Kenya, Sep 14 – Smallholder farmers in rural areas will now be able to access financial services following the signing of a partnership between the government and the International Fund for Agricultural Development (IFAD). Dubbed ‘Rural Kenya Financial Inclusion Facility (RK FINFA)’, the…
- NAIROBI, Kenya, Sep 14 – Over 700 farmers have graduated from the Safaricom Foundation’s Wezesha Agri Programme in Kajiado County. The initiative, which is a partnership between Kajiado County, Africa Instore Solutions (AIS), Endev and Safaricom’s Digifarm, trains young farmers in climate-smart…
- GENEVA, Sept. 13 (Xinhua) — “Re-globalization is in our common interest,” Ralph Ossa, chief economist of the World Trade Organization (WTO), told Xinhua in a recent interview. According to Ossa, re-globalization means increased international cooperation and broader integration and is key to…
- NAIROBI, Kenya, Sep 14 – The National Treasury is looking at integrating telecommunication companies that enable betting activities into the Kenya Revenue Authority’s (KRA’s) real-time tax collection system. This is proposed under the latest Draft Medium-term Debt Strategy for the periods 2024/25…
- NAIROBI, Kenya, Sep 14 – More than 100 education stakeholders will convene in Nairobi next week to discuss and deliberate on the best learning practices in higher education in the digital age. The stakeholder’s discussion will focus on collaborative, problem-solving education reforms in Africa…
- By Martin Mbiata NAIROBI, Kenya, Sep 14 – Few battles in medicine are as noble as the ones being fought against congenital heart defects (CHD) in children. These children’s tiny, fragile hearts present a challenge that requires extreme precision and skill. While progress has been made in the fight…
- NAIROBI, Kenya, Sep 14 – 300 Kibo motorbike riders yesterday took part in a 90-kilometer riding challenge from Nairobi to Naivasha with the aim of providing riders with adventurous experiences. Dubbed ‘Ride Like a Champ’, this year’s event was Kibo’s third since it was started in 2021. Riders were…
- MANILA, Sept. 14 (Xinhua) — The Philippines will resume exporting fresh Hass avocados to South Korea later this month, the Department of Agriculture (DA) said Thursday. Agriculture Senior Undersecretary Domingo Panganiban said the commercial shipment will start by the end of September after Seoul…
- NAIROBI, Sept. 13 (Xinhua) — Kenya on Tuesday approved the rollout of digital IDs aimed at reducing identity fraud, scheduled to begin Sept. 29, a government official said. Julius Bitok, principal secretary in the State Department of Immigration and Citizen Services, told journalists in the Kenyan…
- SAN FRANCISCO, Sept. 13 (Xinhua) — Apple on Wednesday disputed the findings of France’s regulator claiming iPhone 12 emits electromagnetic radiation above standard for exposure. The discontinued smartphone, which was first released in 2020, has a Specific Absorption Rate (SAR) that is above the…
- NAIROBI, Kenya, Sep 13 – More than 5,000 government officials, healthcare professionals, and investors from around the globe have converged in Nairobi for the Medic East Africa and Medlab East Africa Expo, East Africa’s biggest healthcare exhibition and congress. The three-day event, which started…
- SHANGHAI, China, Sep 13 – An electric battery-powered cruise ship is set to make its debut on Shanghai’s Huangpu River later this year, according to official sources. The 150-seater ship produces zero emissions and is low-noise and pollution-free, according to Tian Ye,who is in charge of the vessel…
- NAIROBI, Kenya, Sep 13 – Kenyans will soon pay more in taxes as the National Treasury is proposing to increase the value-added tax (VAT) on products and services to 18 percent from the current 16 percent. Treasury says in its latest Draft Medium-term Debt Strategy for the periods 2024/25 and 2026/…
- NAIROBI, Kenya, Sep 13 – Petitioners have urged a three judge bench to declare the Finance Act 2023 unconstitutional, null and void. They told the judges that the Finance Act was passed by Parliament without the concurrence of the Senate as required by the law. They told Justices David Majanja (…
- By Harun Warui NAIROBI, Kenya, Sep 13 – Last month, President William Ruto announced the commencement of the second phase of the fertilizer subsidy program that saw the prices of fertilizer drop further to Sh2,500, down from Sh3,500 for a 50-kg bag. As reactions emerge across the country on the…
- NAIROBI, Kenya, Sep 13 – It is Kenya’s turn to host the 3rd edition of the East Africa Regional Tourism Expo (EARTE) slated for November as the country roots for regional tourism. While unveiling the event at KICC set for November 20th -22nd 2023, Tourism, Wildlife and Heritage Cabinet Secretary…
- LONDON, Sept. 13 (Xinhua) — Britain’s economic output shrank by a larger-than-expected 0.5 percent in July after growth of 0.5 percent in June, the Office for National Statistics (ONS) said on Wednesday. Output of all three main sectors dropped in July. The ONS said the services and construction…
- NAIROBI, Kenya, Sep 13 – A total of Sh10.66 billion ($72.7 million) was spent by Kenyan farmers to purchase pesticides in 2020 to control pests and diseases. Out of this, the Heinrich Böll Stiftung Kenya ‘Toxic Business: Highly Hazardous Pesticides in Kenya’ report shows that Sh4.13 billion ($28.2…
- 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…