02 February 2024
- NAIROBI, Kenya, Feb 2 — A Magistrate sitting at the Milimani Law Court freed operators of the illegal gas plant in Embakasi in May 2020 against sentencing guidelines. Fresh details that emerged on Friday, a day after a tragic explosion at the plant…
02 February 2024
- It will be instrumental in mobilising long-term currency financing for East African economies.
02 February 2024
- BAGHDAD, Feb. 2 (Xinhua) — Iraq exported 103.5 million barrels of crude oil in January, generating 8.025 billion U.S. dollars in revenue, the country’s Oil Ministry announced on Friday. The average price of Iraqi crude oil in January was 77.53…
02 February 2024
- NAIROBI, Kenya, Feb 2 – Kenya’s corruption index has dropped one place to number 126 globally in the latest Transparency International (TI) corruption ranking. According to TI, the country ranked number 126 with a score of 31 percent, down from a…
02 February 2024
- NAIROBI, Kenya, Feb 2 – President William Ruto has assured residents of Bungoma County that the Nzoia Sugar Company is not being sold to private individuals. Instead, the head of state said that the facility would be handed over to new management.…
02 February 2024
- Kenya's inaugural Eurobond matures on June 24.
02 February 2024
- To address forex supply issues, the CBN is taking new steps and banks are the target. On Wednesday, January 31, 2024, the Central Bank of Nigeria (CBN) issued a circular titled "Harmonisation of Reporting Requirements on Foreign Currency Exposures…
02 February 2024
- LONDON, United Kingdom, Feb 2 – The International Monetary Fund, or IMF, has warned the United Kingdom’s Chancellor of the Exchequer Jeremy Hunt against cutting taxes in his spring budget, which is to be unveiled on March 6, saying public spending…
02 February 2024
- NAIROBI, Jan. 31 (Xinhua) — The lush green, tall, and succulent grass at the expansive Juncao farm in Kenya’s northwestern county of Nakuru swayed to the rhythm of a Friday afternoon wind, creating a spectacle to behold. Inside the 50-acre (about…
02 February 2024
- John Kibunga Kimani, the Kenyan billionaire investor known as the largest shareholder of agricultural stocks at Kakuzi, has built stakes worth above Ksh360 million in Safaricom, the biggest telecommunication company in the country trading as SCOM…
02 February 2024
- Banks and fintechs in Nigeria are now prohibited from providing international money transfer services, according to the updated guidelines for International Money Transfer Operators (IMTOs) released by the Central Bank of Nigeria (CBN).
02 February 2024
- Now Co-op Bank ATM holders will withdraw up to Ksh60,000 per day, a 50% increase from Ksh40,000, which was set nine years ago.
02 February 2024
- The Kenyan government has launched a groundbreaking initiative known as the "West Africa Roadshow", which aims to promote the richness and diversity of the country's travel destinations following a significant change in its visa policy.
02 February 2024
- Epra says the operator failed to meet stipulated safety distances.
02 February 2024
- BRUSSELS — Annual inflation in the eurozone recorded a slight decrease in January, going down to 2.8 percent from 2.9 percent in December, a flash estimate released by Eurostat showed on Thursday. Inflation in the eurozone is still led by food,…
02 February 2024
- NAIROBI, Kenya, Feb 2 – The Energy and Petroleum Regulatory Authority (EPRA) has revealed that the Liquefied Petroleum Gas (LPG) storage and facility plant that exploded last evening in Mradi, Embakasi, had not been approved. In a statement, EPRA…
02 February 2024
- Beyond the direct benefits to citizens, low crime rates in African nations have more nuanced advantages. For starters, they provide the groundwork for long-term growth by drawing in foreign investors and skilled professionals. Having an identity…
02 February 2024
- TOPLINE Apple’s Vision Pro headset will be released in the U.S. tomorrow starting at $3,500, bringing the highly anticipated and pricey product to market after more than a decade of development. KEY FACTS The mixed-reality headset’s cheapest…
02 February 2024
- NAIROBI, Kenya, Feb 2 – The Employment and Labour Relations Court of Kenya has stopped the implementation of the minimum wage for private security guards. Last month, Private Security Regulatory Authority (PSRA) CEO Fazul Mohamed wrote a letter to…
02 February 2024
- OTTAWA, Feb. 2 (Xinhua) — Canadian Trade Minister Mary Ng on Thursday expressed extreme disappointment at the U.S. intention to significantly increase its duties on softwood lumber. The U.S. Department of Commerce has signaled its intention to…
02 February 2024
- NAIROBI, Kenya, Feb 2 – Kenya has received Sh193.2 million (CA$1.6 million) aflatoxin decontamination plants from the Canadian Government through TradeMark Africa (TMA). The two facilities will be managed at the National Cereals and Produce Board…
02 February 2024
- Zanzibar has persisted in its efforts to rank among the top tourist destinations in the world. The island nation’s latest move concerning its goals is its partnership with the English football club Chelsea. Zanzibar’s government recently partnered…
02 February 2024
- NAIROBI, Feb. 1 (Xinhua) — The majority of the Horn of Africa is expected to be warmer than usual between February and April, heightening the likelihood of extreme weather events that could impact the region’s vulnerability, a regional climate…
02 February 2024
- NAIROBI, Feb. 1 (Xinhua) — Kenya approved the commencement of secondary bond trading outside the Nairobi Securities Exchange Thursday. The over-the-counter trading will be facilitated by the East Africa Bond Exchange, a public firm supported by the…
02 February 2024
- The incident happened on Thursday a few minutes to midnight.
02 February 2024
- Several families have been displaced and property of unknown value destroyed in the midnight incident.
02 February 2024
- NAIROBI, Feb. 2 (Xinhua) — At least two people were killed and around 300 others injured in a massive fire caused by a gas explosion in Kenya’s capital, local media reported Friday. “The concerted actions of various response units have resulted in…
02 February 2024
- NAIROBI, Feb. 2 (Xinhua) — At least two people were killed and around 300 others injured in a massive fire caused by a gas explosion in Kenya’s capital, local media reported Friday. “The concerted actions of various response units have resulted in…
02 February 2024
- Vaell has been placed under administration after defaulting on creditors to the tune of Sh1.1 billion.
02 February 2024
- Kenya to get an initial allocation of $46.39 million (Sh7.4 billion).
02 February 2024
- The tourism board has partnered with KQ and travel firms to market destination Kenya.
02 February 2024
- Among the Arab countries, Qatar has the highest avocado consumption compared to the population.
02 February 2024
- Sub-Saharan states have failed to allocate enough resources in data collecting
02 February 2024
- The Sh200 billion bagged by National Treasury in climate initiatives will help offset part of Kenya’s funding needs.
02 February 2024
- Bob Karina is 71 years old but could easily pass for 58.
02 February 2024
- Co-operative Bank of Kenya has raised its daily ATM withdrawal limit by 50 percent to Sh60,000.
02 February 2024
- Geoffrey Odundo is exiting the Nairobi Securities Exchange (NSE) after nine years at the corner office.
02 February 2024
- Economists believe the CBK should concentrate on its regulatory role and surrender the debt management functions to the National Treasury.
02 February 2024
- The government plans to spend Sh394 billion on construction, repair and enhancement of major highways.
02 February 2024
- Business corporates raised their share of dollar deposits in banks to 70 percent as of September last year.
02 February 2024
- The Treasury has netted more than Sh200 billion through climate finance initiative.
02 February 2024
- Every potential car buyer faces a tough dilemma: to embrace the traditional roar of an internal combustion engine (ICE) or to venture into the electrifying domain of electric vehicles (EVs).
02 February 2024
- Vehicle and Equipment Leasing Limited has been placed under administration.
02 February 2024
- Foreigner investors pulled out Sh178.2million from the Nairobi Securities Exchange (NSE) last month.
02 February 2024
- NCPB has received two plants worth Sh190 million to help clear aflatoxins from maize stocks at its depots.
02 February 2024
- Kenya has from the start of this year been retaining data of visitors suspected of crimes for up to five years.
02 February 2024
- Kenya will take more than 12 years to clear payments to road contractors whose certified works stood at Sh650 billion.
02 February 2024
- General insurers’ net profit for the first nine months of last year rose 57.6 percent to Sh9.73 billion.
02 February 2024
- Milk delivery to processing firms hit 75.68 million litres in December last year.
02 February 2024
- The shilling is on course for its biggest multi-year drop against the majors.