22 February 2024
- The Competition Authority of Kenya (CAK) says it is monitoring the conduct of 13 institutions following a series of complaints raised by consumers.
22 February 2024
- South Africa is on the brink of a historic electoral shift as it prepares for the general elections set for May 29. President Cyril Ramaphosa’s announcement of the election date, coinciding with the country’s 30th anniversary of democracy, marks a…
22 February 2024
- NAIROBI, Kenya Feb 22 – The absence of Energy Cabinet Secretary Davies Chirchir for the second consecutive time sparked uproar during the Senate Energy Committee session probing the Embakasi gas explosion that killed seven people. Senators allied…
22 February 2024
- A higher Energy and Petroleum Regulatory Authority (Epra) levy denied motorists a bigger drop in the cost of fuel last week after it was effected in the February-March pricing cycle.
22 February 2024
- The report cites the absence of essential planning and legal frameworks such as local physical development plans, zoning regulations, development control regulations, and building regulations.
22 February 2024
- A new Cabinet brief shows the Kenya Kwanza regime has borrowed Sh3.01 trillion but also received Sh334 billion as grants. CBK, however, puts the national debt at Sh11.14 trillion.
22 February 2024
- Suspects charged with impersonation, forgery and uttering false documents. Bank employee charged with unlawful disclosure of personal data.
22 February 2024
- Zambia's kwacha has emerged as the top-performing African currency against the U.S. dollar this year, boosted by the central bank's aggressive monetary policy tightening.
22 February 2024
- If racking up air miles is the measure of a successful presidency, President William Ruto of Kenya and President Bola Tinubu of Nigeria would stand out significantly from their peers, given their notable frequency of international journeys since…
22 February 2024
- The national government spent a quarter of its total annual development budget to finance projects during the first six months of the current financial year.
22 February 2024
- A quick and dependable internet connection is essential for everything from business and education to communication and leisure, especially in a developing region like Africa, which also boasts a young population. While Africa is seemingly playing…
22 February 2024
- DODOMA, Feb. 22 (Xinhua) — The Tanzanian government has warned businessmen against hoarding sugar, saying those implicated in doing so will face the full force of the law. Mohamed Mchengerwa, minister of state in the President’s Office responsible…
22 February 2024
- NAIROBI, Kenya, Feb 22 – Standard Bank has successfully completed the repayment of Kenya’s $1.5 billion Eurobond that was expected to mature in June this year. This is Kenya’s first transaction since 2021, the lender said, even as she looks to…
22 February 2024
- The firm noted the gig economy, where people do short-term freelancing jobs as opposed to traditional full-time jobs, is reshaping various sectors, with the creative industry being a significant contributor.
22 February 2024
- Revenue from Uganda's exports to the European Union is now higher than the revenue the EU makes from exporting goods to the East African country. This new development has tipped the scale in favor of Uganda. The paradigm shift is a result of a…
22 February 2024
- HANOI, Feb. 22 (Xinhua) — Vietnam’s cassava export recorded the strongest monthly growth in both volume and value in January, Vietnam News Agency reported Thursday, citing the General Department of Vietnam Customs. The export turnover recorded an…
22 February 2024
- NAIROBI, Kenya, Feb 22 – Kenya Airways (KQ) has signed a code-share agreement with Vietnam Airlines, allowing customers of each airline to book through each other’s platforms. This comes after KQ, in November last year, resumed direct flights…
22 February 2024
- NAIROBI, Kenya, Feb 22 – Kenya’s 2024 economic growth to be slowest in East AfricaKenya’s economic growth will be the slowest in the East African region in 2024, the latest African Development Bank (AfDB) report shows, highlighting the fierce…
22 February 2024
- NAIROBI, Kenya, Feb 22 – ICEA LION Group, a financial services provider, has unveiled a campaign to expand insurance and investment solutions in the country. Dubbed ‘What’s Your Plan?’, the initiative targets the market needs of increasing medium…
22 February 2024
- Ethiopian lender Awash Bank has entered into an agreement with Mastercard to allow customers to transact using their prepaid cards. The cards, which are available in virtual and plastic formats, allow users and merchants to withdraw cash from ATMs…
22 February 2024
- The default rate on insurance-backed loans across the country is 60 per cent lower than on non-insured loans, a new report has revealed.
22 February 2024
- Some residents even proposed monthly payments of as low as Sh1,500, arguing that it is more reasonable for the majority of low-income earners.
22 February 2024
- Stung by public outcry over increasing cases of accidents, the government has announced plans to inspect all boats operating on Kenyan waters.
22 February 2024
- NAIROBI, Kenya, Feb 22 – NCBA Group has unveiled the winner of its bank deposit challenge and current and savings account openings. The 3-month Deposit Mobilization Campaign saw Minazali Manji awarded Sh1 million for making the most deposits. The…
22 February 2024
- Last week, on Thursday, February 15, the Ethiopian Government’s investment arm, Ethiopian Investment Holdings (EIH), signed a memorandum of understanding with Honk-Kong-based West Data Group’s Center Service PLC to commence mining bitcoin. The…
22 February 2024
- South Africa has taken a step to support its crucial export industry with the announcement of a major tax break for investments in electric and hydrogen-powered vehicle production.
22 February 2024
- NAIROBI, Kenya, Feb 22 — The State has filed an application seeking extended detention of controversial televangelist and Ekeza Sacco founder David Kariuki Ngare, alias Gakuyo, to conclude a probe on alleged fraud. Gakuyo who was arrested on…
22 February 2024
- NAIROBI, Kenya, Feb 22 – Digital payments platform Visa has appointed a new General Manager (GM) for the East African (EA) region. Chad Pollock now takes over from Eva Ngigi-Sarwari, who has been in the position in an acting capacity. Ngigi-Sarwari…
22 February 2024
- ULAN BATOR, Feb. 22 (Xinhua) — The Mongolian government announced Thursday that it has reached an agreement with commercial banks on postponing the repayment of nomadic herders’ loans until June. Almost all provinces of Mongolia have experienced an…
22 February 2024
- NAIROBI, Kenya, Feb 22 – The Board of Safaricom has recommended a Sh0.55 interim dividend payout to shareholders for the year ending March 31, 2024. During a similar period last year, Safaricom announced a Sh0.58 payout, which means that this year’…
22 February 2024
- TOPLINE Researchers have potentially linked an antiviral protein produced by the body during infection as the cause of long Covid, according to a new study, and they’re optimistic the next step is making medications to treat the disease. KEY FACTS…
22 February 2024
- Nigeria’s military chief, General Christopher Musa has urged African nations to unite against any form of uprising from jihadists in the Sahel region and other parts of West Africa following the withdrawal of Mali, Niger and Burkina Faso from…
22 February 2024
- The Ugandan government is set to borrow Shs13 trillion ($3 billion) from both external and domestic markets for the development of several projects. The money would be used to finance projects between 2024 and 2025. This figure is slightly higher…
22 February 2024
- NAIROBI, Kenya, Feb 22 – The Kenya Revenue Authority (KRA) has adopted new measures to drive up revenue collection. This was disclosed yesterday by Kenya Revenue Authority (KRA) Commissioner General Humphrey Wattanga during a Joint National…
22 February 2024
- WASHINGTON, Feb. 21 (Xinhua) — U.S. Federal Reserve officials said they were in no hurry to cut interest rates, cautioning about lowering rates too quickly, according to minutes of the Fed’s latest meeting released Wednesday. “Most participants…
22 February 2024
- Boeing (BA.N), opens new tab said on Wednesday it was replacing the head of its troubled 737 MAX program effective immediately, the first major executive departure since the Jan. 5 mid-air panel blowout of a new Alaska Airlines MAX 9.
22 February 2024
- NAIROBI, Kenya, Feb 22 – The Energy and Petroleum Regulatory Authority (EPRA) has refuted claims of overbilling customers, coming at a time when Kenyans have been complaining of high electricity prices. The regulator stated that effective April…
22 February 2024
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