29 August 2024
- Crown Paints has attributed the growth in revenues to a favourable exchange rate, which stabilised the firm’s input costs, resulting in stable and predictable prices.
29 August 2024
- JAKARTA, Aug. 29 (Xinhua) — Indonesia will host the second Indonesia-Africa Forum (IAF) on Sept. 1-3 in its resort island Bali, with the aim of securing business agreements worth 3.5 billion U.S. dollars to address pressing issues in energy and food…
29 August 2024
- NAIROBI, Kenya, Aug 29 –The Teachers Service Commission (TSC) has rejected the Kenya Union of Post Primary Education Teachers (KUPPET) request to end the on-going strike. In a letter addressed to the KUPPET Secretary Akelo Misori the Commission…
29 August 2024
- A stable and growing external Reserve helps to maintain the general health of a country’s financial system especially in Africa, which can lead to numerous benefits for Africans.
29 August 2024
- NAIROBI, Kenya, Aug 29 – Jubilee Holdings has announced an interim dividend of Sh2 per share after its net profit jumped to Sh2.5 billion in the half year ended June 30, 2024. In a similar period last year, the insurer posted a Sh2 billion profit…
29 August 2024
- We meet Africa’s largest lender in one of the world’s most dynamic financial markets. In Dubai in june, we speak with the Johannesburg- based Kenny Fihla, the Chief Executive Of Corporate and Investment Banking at Standard Bank, a 160-year-old…
29 August 2024
- The Southern-Russian city in Siberia; Novosibirsk, has reached out to Burkina Faso’s capital, Ouagadougou, to establish a twinning relationship. During the ongoing Technoprom-2024, held in Novosibirsk which is set to run from the 27th to the 30th of…
29 August 2024
- CBK data shows banks raised interest rates on deposits to 11.48 percent by end of June, a level only dwarfed by the 17.85 percent that banks were offering customers in May 1998.
29 August 2024
- AUG 29 – Shares in Nvidia have fallen despite the artificial intelligence (AI) chip giant comfortably beating expectations after more than doubling its sales. Nvidia announced record revenues of $30bn (£24.7bn) over a three-month period. The company…
29 August 2024
- Soft Power is defined as a nation's ability to influence the preferences and behaviours of various actors in the international arena. The soft power index, now in its fifth iteration with the 2024 edition, examines the perceptions of all 193 United…
29 August 2024
- NAIROBI, Kenya, Aug 29 – The National Treasury is considering the incorporation of an exempt pension structure aimed at making the pension sector more attractive, following a nod from the cabinet for the implementation of the Retirement Benefits…
29 August 2024
- Both West African countries of Nigeria and Niger recently inked a security deal in response to the common threat they face. This is despite the regional issues that arose from Niger’s coup on the 26th of July 2023. Since the coup, the relationship…
29 August 2024
- MOMBASA, Kenya, Aug 29 – Hasmukh Patel, the owner of Mombasa Cement, passed on while being rushed to a private hospital in Nyali. Tudor MCA Samir Bhalo, who is also a close family member, confirmed the report. “Today at around 1pm, we lost Mr Hasmukh…
29 August 2024
- Global cloud communications platform Infobip has appointed Yariv Dafna as Chief Financial Officer (CFO) to strengthen the company’s position as a leader in the Communications Platform as a Service (CPaaS) market. With his extensive experience in…
29 August 2024
- President William Ruto is set to commission the Lumumba Affordable Housing Project in Kisumu on Saturday, August 31, 2024. The project, which kicked off in July 2024 and is expected to be completed in January 2026, is a 2,384-unit residential project…
29 August 2024
- Topline A pair of listeria outbreaks in the U.S. in recent weeks have led stores and brands—including Boar’s Head, Wiers Farm and Freshire Farms—to recall products like deli meat in 23 states, as officials say five more people died in relation to one…
29 August 2024
- NAIROBI, Kenya Aug 29 – The Ministry of Tourism is devising a new strategy to increase international tourist arrivals to five million by 2027. It seeks to achieve this through a Tembea Kenya, which will soon be launched, to boost the number from the…
29 August 2024
- NAIROBI, Kenya Aug 29 – Kenya is among 4 countries, including Nigeria, South Africa, and Tunisia, that continue to be top African investment hotspots. The 2024 Deloitte Africa Private Equity Confidence Survey (PECS) report, which provides insights…
29 August 2024
- AUG 29 – A $8.5bn (£6.43bn) merger between Disney and Reliance Industries has been provisionally approved by the India’s competition watchdog. The venture, in which billionaire Mukesh Ambani’s Reliance Industries will have majority stake, will create…
29 August 2024
- By Catherine Muraga AUG 29 – According to a report released by Kenya’s Communications Authority, cybersecurity incidents in the country have skyrocketed, reaching 830 million by 2023. Cybersecurity threats are growing not only in Kenya but all over…
29 August 2024
- AUG 29 – The Kenya National Police DT SACCO has handed over classrooms, multipurpose Hall and 440 sets of furniture to Utumishi Comprehensive School in Gilgil as part of its corporate social responsibility (CSR) initiatives. The Sacco, with an asset…
29 August 2024
- NAIROBI, Kenya, Aug 29 – Quickmart Supermarket has marked its 18-year anniversary in the country with plans to bolster its presence further. The retail chain started in 2006 and says it’s keen on ensuring it reaches its customers spread across the…
29 August 2024
- Maternal healthcare will be more expensive under the new Social Health Insurance Fund (SHIF) as families will have to pay Ksh5,000 more on standard deliveries and Ksh16,700 more on Caesarean Sections (c-section).
29 August 2024
- Chinese lenders approved $4.61 billion in loans to Africa last year, marking the first annual rise since 2016. Between 2000 and 2023, China lent a total of $182.28 billion to Africa.
29 August 2024
- NAIROBI, Aug. 29 (Xinhua) — Experts met in the Kenyan capital of Nairobi on Wednesday to discuss ways to increase fertilizer use among farmers in Africa. The three-day African Fertilizer and Soil Health Post-Summit workshop brought together more than…
29 August 2024
- KUALA LUMPUR, Aug. 29 (Xinhua) — Airasia X, Malaysia-based low-cost carrier, has reported lower earnings in the second quarter of 2024 because of a traditionally weaker quarter and without activation of a full 18-aircraft fleet. The firm said in a…
29 August 2024
- NAIROBI, Kenya, Aug 29 – Indian food, chicken, pizza, coffee, burgers, and ice creams are the most popular items ordered on the Bolt Food delivery app, a new report shows. Most of Indian food online orders were from Chowpaty, which is known for its…
29 August 2024
- NAIROBI, Kenya, Aug 29 – Infobip, a global cloud communications platform, has appointed Yariv Dafna as the new Chief Financial Officer (CFO) to grow the company’s Communications Platform as a Service (CPaaS). Dafna boosts nearly 20 years experience …
29 August 2024
- Reducing greenhouse gas emissions by reducing our dependence on fossil fuels and harnessing renewable sources is a demonstration of responsible citizenship
29 August 2024
- Nigeria’s Financial & Professional Services (FPS) sector demonstrated strong performance in 2023, with the banking sub-sector leading the way, contributing 4.6% to the nation’s gross domestic product (GDP), according to the recent State of…
29 August 2024
- SEOUL, Aug. 29 (Xinhua) — South Korean President Yoon Suk-yeol on Thursday offered to increase pension premium at a difference pace for age groups in a bid to make the pension program acceptable to the younger generation. “It is necessary to…
29 August 2024
- PARIS, Aug. 28 (Xinhua) — Pavel Durov, the founder and CEO of the encrypted messaging service Telegram, was released on Wednesday after paying a 5-million-euro (about 5.6 million U.S. dollars) bail, but he is required to report to the police twice a…
29 August 2024
- NAIROBI, Kenya, Aug 28 – The government has denounced a report published on a local daily claiming that motorists overpaid Sh16 billion under a fuel deal with Gulf firms as well as Sh47 billion spent by the National Treasury on fuel subsidies. State…
29 August 2024
- NAIROBI, Kenya, Aug 28 – The government has denounced a report published on a local daily claiming that motorists overpaid Sh16 billion under a fuel deal with Gulf firms as well as Sh47 billion spent by the National Treasury on fuel subsidies. State…
