07 June 2022
- Washington, United States June 7-The World Bank slashed its growth estimate for the global economy to 2.9 per cent, 1.2 percentage points below the January forecast, due to the Russian invasion of Ukraine which has caused a severe downturn. “The world…
07 June 2022
- The national qualifiers are scheduled for Saturday, June 11 in Nairobi. According to the esports Federation, qualifiers will be used to choose players for two categories: Dota 2 and Rocket League.
07 June 2022
- MURANG’A Kenya, June 7 – A coffee and tea sector lobby has organized a benchmarking programme for a section of Murang’a coffee farmers in a bid to boost production of the cash crop in the county. More than 30 farmers from Wanjengi Cooperative society,…
07 June 2022
- Brussels, Belgium June 7-European officials on Tuesday agreed the text of a proposed EU law imposing a standard charger for smartphones, tablets and laptops sold in the bloc, in a blow to Apple. EU member states and MEPs believe a standard cable for…
07 June 2022
- NAIROBI, Kenya June 7-Huawei Technologies, working in partnership with the Ministry of Tourism, Safaricom and the China Media Group (CMG), brought the Amboseli National Park to the homes of Kenyans using a solar powered network platform as part of…
07 June 2022
- Over the past few years, financial technology has revolutionized the financial sector in Africa and across the globe. In many ways, fintech, as it is commonly referred to, has essentially disrupted how people save, invest, transfer, and borrow money.…
07 June 2022
- NAIROBI, Kenya June 7-President Uhuru Kenyatta has opened the Trade and Development Bank in Nairobi, which will serve as the bank’s Eastern Africa regional headquarters. Speaking during the occasion, Uhuru said the expansion of the operational base of…
07 June 2022
- Are you interested to be trained as a KNEC Examiner? KNEC has advertised training opportunities for teachers to prepare them to become examiners for the 2022 KCPE, KCSE, Primary Teacher Education (PTE), Diploma in Teacher Education (DTE), and Business…
07 June 2022
- On Monday, a 78-year-old woman was found dead inside her house in Nyayo estate Embakasi after a long bout of fasting and praying. Catherine Kibara went missing for a couple of days with her phone going unanswered, which her relatives say was unusual…
07 June 2022
- Johannesburg, South Africa June 7-South Africa’s gross domestic product grew by 1.9 percent in the first quarter, returning the continent’s most industrialised economy to pre-pandemic levels, official data showed Tuesday. It was the second consecutive…
07 June 2022
- We hope farmers will get a fair return for their honest work and be proud of their work, not wallow in self-pity. They should get their money on the spot, not later.
07 June 2022
- At 93, the industrialist is still fit as a fiddle and sharp-witted as ever; you feel he could still be globe-trotting and addressing gatherings of business people.
07 June 2022
- Now more than ever, it's important to know where your money is going each month. If you're just starting this journey, you may have many questions about the different types of budgets out there. What's the difference between a 50/30/20 budget and a…
07 June 2022
- Colombo, Sri Lanka June 7-Cash-strapped Sri Lanka on Tuesday asked the International Monetary Fund to arrange a creditor meeting for $6 billion in loans to help keep the country afloat during its unprecedented economic crisis. Months of daily blackouts…
07 June 2022
- According to Teacher Service Commission, TSC, 2021 annual report, the teachers’ shortage stood at 99,213 in primary and secondary schools. In the report, which was presented to the National Assembly, the figure represented 44,134 and 55, 079 primary…
07 June 2022
- Meanwhile, the Sh32 billion phase two of the second container terminal at the Port of Mombasa has been completed and is awaiting commissioning next month.
07 June 2022
- The cost of onions has fallen 12 percent low as local growers and sellers engage in mass selloffs to ensure they do not experience excess losses when the Tanzanian onions finally hit the Kenyan market. This fall comes when Kenyan farmers had been…
07 June 2022
- NAIROBI, Kenya, July 7 -With the country’s economy just opening back up after a devastating two years ravaged by the COVID-19 pandemic and the electioneering period coming up in a few months’ time, effective saving is a skill everyone needs to master.…
07 June 2022
- Local consumer goods manufacturer Pwani Oil has resorted to selling products in US dollars as it seeks to acquire more stock of the currency which it uses to import raw materials with.
07 June 2022
- GDP per Capita is one of the best measures of a country's wealth as it provides an understanding of how each country's citizens live on average, showing a representation of the quantity of goods and services created per person.
07 June 2022
- The Kenyan shilling is down, at its lowest in history, but the referee, the Central Bank of Kenya says “all is well and the game should go on.” The shilling has been quoted at 121 shillings to the dollar although the CBK says that it is at 116…
07 June 2022
- The capital markets Authority (CMA) will reward whistleblowers who expose capital market malpractices with up to 5 million shillings, as was proposed in amendments to the CMA Act in 2018, aimed at taming economic malpractices. “Where CMA successfully…
07 June 2022
- The ongoing dollar shortage in the country poses a threat to the most critical sectors, such as manufacturing, which rely on dollars to import key raw materials and inputs used in processing and capital goods investments. Concerns are now being raised…
07 June 2022
- A pair of twentysomethings from Uganda and Ghana thought there was a fortune to be made bringing transnational financial services to Africa’s 1.2 billion people. With 5 million users, San Francisco-based Chipper Cash is just getting started. It was the…
07 June 2022
- Sendy, a tech company that builds fulfillment infrastructure for e-commerce and consumer brands has joined Google in an initiative aimed at empowering Africa’s small and medium businesses. The Bootcamp program, dubbed Google Hustle Academy, seeks to…
07 June 2022
- NAIROBI, Kenya, July 7 – Mara, the Pan–African crypto exchange platform has today announced that Susan Younis has been named the new Chief Marketing Officer effective immediately. In her new role, she will oversee end-to-end brand awareness, guide the…
07 June 2022
- Kisumu, Kenya June 7-A local steel manufacturer, Jumbo Steel Mill, has invested Sh2 billion in a new mattress and polyvinyl chloride (PVC) water tank factory in Kisumu. The plant which sits on 27 acres has been installed with state of the art machinery…
07 June 2022
- NAIROBI, Kenya, June 6 – Kenyan manufacturers have been urged to reduce their import bills and incorporate locally produced products into their business model in the wake of the US dollar shortage which was been occasioned by increased demand. Kenyan…
07 June 2022
- MFS Africa, Africa’s largest digital payments network, has announced that it has reached an agreement to buy US tech company Global Technology Partners (GTP). Based in Tulsa, Oklahoma, GTP is the number one processor for prepaid cards in Africa, with…
07 June 2022
- NAIROBI Kenya June 7- Power Learn Project, a Pan African impact organization, has launched its flagship program to train 1 million young people with tech employability skills. The program has enrolled the first cohort of 1000 learners after a rigorous…
07 June 2022
- Azimio la Umoja Presidential Candidate, Raila Odinga, has become the first presidential candidate to make public his manifesto, promising 10 key things that he hopes to achieve as the President of the Republic of Kenya. Odinga, with his Running Mate,…
07 June 2022
- The Independent Electoral and Boundaries Commission (IEBC) has approved only four out of the 50 presidential candidates to run in the upcoming elections in August. If no other candidate will be approved, this will be the lowest number of candidates in…
07 June 2022
- In this context, businesses in the country are either targeting locals or expatriates. These categories can be further classified into high and low context cultures.