- NAIROBI, Kenya, May 15 – Cartels and market concentration are driving up the cost of essential goods like fertilizer and cooking oil in Kenya, according to a new report by the COMESA Competition Commission. The report, part of a wider investigation across East and Southern Africa, says Kenyan agro-…
- MAY 15 – Last week the International Monetary Fund (IMF) approved a $1bn (£756m) bailout to Pakistan – a move that drew sharp disapproval from India as military hostilities between the nuclear-armed neighbours flared, before a US-led ceasefire was unexpectedly declared. Despite India’s protests,…
- NAIROBI, Kenya, May 15 – Electric mobility firm Roam has been named Kenya’s fastest-growing company and ranked 35th in Africa on the 2025 Financial Times-Statista list of Africa’s Fastest Growing Companies. Roam, headquartered in Nairobi, posted an 86.4 percent compound annual growth rate (CAGR)…
- NAIROBI, Kenya, May 15 – The world will need nearly 30 million new project professionals by 2035 to meet rising global demand, according to the latest Global Project Management Talent Gap Report by the Project Management Institute (PMI). The report warns that without a robust pipeline of skilled…
- MAY 15 – UK-based carmaker Jaguar Land Rover has said it does not intend to produce vehicles in the US, as President Donald Trump’s tariffs impact the motor industry. “Following articles based on comments made by the JLR CEO in the full year earnings media call, we can confirm we have no plans to…
- NAIROBI, Kenya, May 15 – The Ministry of Cooperatives and MSME Development has submitted a forensic audit report to Parliament, uncovering widespread financial mismanagement at the Kenya Union of Savings and Credit Co-operatives (KUSCCO) involving billions in irregular loans and undisclosed…
- NAIROBI, Kenya, May 15 – Schneider Electric has been awarded the prestigious Gender Leader Award at the 2025 Africa CEO Forum, held in Abidjan, Ivory Coast, in recognition of its ongoing commitment to gender diversity and inclusion across its African operations. The global energy management and…
- NAIROBI, May 15 (Xinhua) — The Standard Gauge Railway (SGR) in Kenya recorded a 40 percent rise in cargo hauled in the first quarter of 2025 as demand for the service grew, the Kenya Railways Corporation (KRC) said in a report released on Wednesday. The SGR transported 1.82 million tonnes of cargo…
- DOHA, May 16(Xinhua) — U.S. President Donald Trump on Wednesday announced what he described as a “record” order of 160 aircraft from Boeing by Qatar Airways, a deal at more than 200 billion U.S. dollars. The announcement came as Trump signed a series of bilateral agreements in Doha alongside Qatari…
- MAY 15 – There’s a vast empty space in the middle of the factory floor in Foshan in southern China where workers should be welding high-end air fryers for the US market. Derek Wang says his American customers were wowed by his air fryer models – which are controlled via smartphones and can also…
- COTONOU, Benin, May 14 – The Kenyan government is stepping up efforts to revive the cotton, textile, and apparel industry as part of its broader push to grow manufacturing and create jobs under the Bottom-Up Economic Transformation Agenda. Speaking during an official visit to Benin, Principal…
- By Phyllis Migwi MAY 14 – Kenya is rapidly emerging as a digital powerhouse in Africa, with internet and mobile phone usage consistently on the rise. By 2028, the country’s digital economy is expected to contribute KSh 662 billion to the GDP. Yet, this impressive growth brings with it significant…
- MAY 14 – Luxury fashion firm Burberry has said it could cut some 1,700 jobs as part of plans to reduce costs by 2027. The British designer brand – famed for its distinctive camel, red and black check pattern – announced the proposed savings on Wednesday as it reported a £66m loss in the last […]
- NAIROBI, Kenya, May 13 – Agriculture and Livestock Development Cabinet Secretary Mutahi Kagwe has clarified that no state-owned sugar factory has been sold, affirming instead that the government opted for a leasing model approved by Parliament. Appearing before the National Assembly’s Departmental…
- NAIROBI, Kenya, May 14 – The Nairobi County Assembly’s Health Committee has ordered the immediate closure of all Naivas and Carrefour supermarket outlets in the city, following allegations of selling expired food products and employing untested food handlers. Speaking on Wednesday, Health Committee…
- ABIDJAN, May 14 (Xinhua) — An agreement was signed on Tuesday between stock exchange Bourse Regionale des Valeurs Mobilieres (BRVM) and investment platform Africa50 to facilitate infrastructure financing in West Africa. The partnership, which leverages capital markets, will launch project bonds…
- NAIROBI, Kenya, May 14 – Kenya has emerged as the top destination for high-net-worth individuals (HNWIs) purchasing homes, according to the 19th Edition of The Wealth Report by Knight Frank. A 66 percent of wealthy investors selected Kenya as their first choice for home ownership, outpacing…
- MAY 14 – Airbnb says users will now be able to book luxury services like personal trainers, massages and chefs on its redesigned app as it continues to expand beyond its main short-term rentals business. “People choose hotels for their services. People choose Airbnbs for the space… now, we’re…
- NAIROBI, Kenya, May 13 – The Kenya Development Corporation (KDC), through the State Department for Livestock and with the support of the World Bank, has injected Sh519 million into Kenya’s Arid and Semi-Arid Lands (ASALs). The DRIVE Program targets more than 20 counties, including Marsabit, Isiolo…
- MAY 14 – President Donald Trump has said the US has “no stronger partner” than Saudi Arabia during his first major foreign trip – a whirlwind visit of Gulf countries mainly focused on shoring up investment. Speaking in Riyadh, the US president also pledged to lift all sanctions against Syria,…
- NAIROBI, May 14 (Xinhua) — Aviation industry leaders from around the world on Tuesday met in Nairobi, Kenya’s capital, to discuss ways to improve collaboration, safety, and operational efficiency in the air transport sector. The three-day International Air Transport Association (IATA) Ground…
- NAIROBI, Kenya, May 13 – The changing skyline of Mukuru informal settlement in Embakasi South, Nairobi, signifies more than just transformation. It is about survival. It is about healing. It is about finally reclaiming dignity and peace of mind after years of living on the edge of disaster. It…
- MAY 13 – The UK’s job market has continued to weaken with the number of workers on payrolls falling in the first few months of the year and job vacancies declining again. Analysts said the latest figures from the Office for National Statistics (ONS) indicated April’s increase in employer National…
- NAIROBI, Kenya, May 13 – The Kenya Revenue Authority (KRA) has launched investigations into more than 400 of its staff over suspected involvement in a multi-billion-shilling Value Added Tax (VAT) fraud scheme, amid a wider crackdown targeting illicit tax activities. The probe follows the discovery…
- Nairobi, Kenya, May 13 – Ride-hailing platform Bolt has unveiled a new flight tracking feature aimed at streamlining airport pickups by automatically adjusting scheduled rides based on flight delays or cancellations. The feature, available under the platform’s ‘Scheduled Rides’ option, allows users…
- MAY 13 – Japanese carmaker Nissan has said it will cut another 11,000 jobs globally and shut seven factories as it shakes up the business in the face of weak sales. Falling sales in China and heavy discounting in the US, its two biggest markets, have taken a heavy toll on earnings, while a proposed…
- NAIROBI, Kenya, May 13 – Visa has warned of a widening gap between consumer confidence and actual digital payment safety in East Africa, even as AI-powered scams become increasingly sophisticated. Speaking at the third Cybersecurity Summit in Nairobi, Charles Lebo, Visa’s Senior Vice President and…
- NAIROBI, Kenya, May 13 – Kenya’s wealthy are adjusting their investment strategies in response to rising global economic uncertainty, shifting away from residential and foreign assets in favour of more liquid, higher-yielding opportunities within the country. This is according to the global…
- MEXICO CITY, May 13 (Xinhua) — Mexican President Claudia Sheinbaum on Monday criticized the U.S. decision to suspend the import of live Mexican cattle for 15 days, calling the measure unjustified and demanding mutual respect in bilateral relations. “We do not agree with this measure,” Sheinbaum…
- NAIROBI, Kenya, May 13 – A new report by Aceli Africa and Dalberg has spotlighted Kenya as a frontrunner in unlocking credit access for smallholder farmers, following the success of a blended finance model piloted by agri-tech firm Hello Tractor and Heifer International. The initiative, launched in…
- MAY 13 – President Donald Trump has slashed the tariff on small parcels sent from mainland China and Hong Kong to the US, just hours after the world’s two biggest economies said they would cut levies on each other’s goods for 90 days. The new tariffs on small packages worth up to $800 (£606) have…
- NAIROBI, Kenya, May 13 – The government has rolled out a new industrial mapping exercise in Nairobi to modernize the country’s industrial landscape and support targeted policymaking. The 15-day mapping and geolocation initiative is being done by the Ministry of Investments, Trade, and Industry and…
- NAIROBI, May 12 (Xinhua) — Kenya targets to grow its tea exports to China by more than fourfold in the next six years, a government official said on Monday. Mutahi Kagwe, cabinet secretary for agriculture and livestock development, said the goal is to increase Kenya’s tea exports to China from 12.…
- MAY 12 – Share markets jumped on Monday after President Trump said weekend talks had resulted in a “total reset” in trade terms between the US and China, a move which goes some way to defuse the high stakes stand-off between the two countries. The talks in Switzerland resulted in significant cuts…
- NAIROBI, Kenya, May 12 – The Finance Bill 2025, which seeks to introduce amendments to tax and duty laws, has been formally referred to the Departmental Committee on Finance and National Planning during the National Assembly’s long recess. Speaker Moses Wetang’ula, in a notification issued Monday,…
- CAMBRIDGE, MA – May 4, 2025 – Kenya took center stage at the US-Africa Connect Conference held at the Massachusetts Institute of Technology (MIT), spotlighting its unique blend of tourism innovation, athletic excellence, and agribusiness potential. The event, hosted in Kendall Square — famously…
- By Kelvin Kipng’etich MAY 12 – In the shadow of Kenya’s rapid urbanization lies a persistent challenge: nearly 30% of our population still lacks reliable access to electricity. While national grid expansion continues, the geography and economics of connecting remote communities present formidable…
- NAIROBI, Kenya, May 12 — Subaru Kenya and Strathmore University have entered into a partnership aimed at boosting electric vehicle (EV) innovation and strengthening STEM education in the country. The collaboration, launched on May 9 at Strathmore’s School of Computing and Engineering Sciences,…
- MAY 12 – The White House is in discussions with the royal family of Qatar to possibly receive a luxury jumbo jet, intended for use as an Air Force One presidential plane. In a statement, Qatar denied that the plane would be a gift, but said the transfer of an aircraft for “temporary use” was […]
- NAIROBI, Kenya, May 12 – Family Bank has entered into a deal with EIB Global, a development investment arm of the European Investment Bank, to lend Sh14.7 billion to women-owned and youth-led businesses in the country. In the deal, EIB Global will provide €50 million in long-term financing, which…
- NAIROBI, Kenya, May 12 – The National Biosafety Authority (NBA) has launched a nationwide public awareness campaign aimed at demystifying genetically modified organisms (GMOs), as the agency moves to tighten regulatory oversight and decentralize its operations across the country. The campaign began…
- MAY 12 – The US and China have agreed a deal that will significantly cut the import tariffs, or taxes, both sides have imposed on one another for a 90-day period. US Treasury Secretary Scott Bessent said both countries would lower their reciprocal tariffs by 115% for 90 days. The announcement came…
- NAIROBI, Kenya, May 12 – Kenya Power is currently installing new sensors on its power lines to detect line faults, temperature anomalies, and mechanical stress in real-time, reducing outages besides improving grid performance. The Megger’s MGA Sensors, whose rollout began today, are being…
- MAY 12 – With US President Donald Trump due to visit Gulf states this week, a key focus will be securing significant new investment for the US economy. “President Trump wants the announcement [of more Gulf money for the US],” says economist Karen Young, a senior fellow at the Middle East Institute…
- NAIROBI, Kenya, May 12 – The Tax Appeals Tribunal has ruled in favor of the Law Society of Kenya (LSK) regarding whether VAT is applicable on annual practicing certificate fees and other fees charged on the society members. The ruling came after the Kenya Revenue Authority claimed that the society…
- NAIROBI, Kenya, May 12 — The fourth edition of the Africa Soft Power (ASP) Summit will take place in Nairobi from May 21 to 25, bringing together public and private sector players to explore ways of boosting Africa’s creative, digital, and knowledge-based industries. The summit will feature high-…
- MAY 12 – Both China and the United States have said that they’ve made progress at trade talks between the two countries in Switzerland. The US Treasury Secretary Scott Bessent described the discussions as “productive and constructive,” while China’s Vice Premier He Lifeng said the talks were “in-…
- NAIROBI, Kenya, Apr 11 – A long-running legal battle over more than 9,000 acres of contested land in Kisumu County has taken a new twist after a lawyer representing Miwani Sugar Company (in Receivership) rejected a proposed government-brokered consent settlement, citing constitutional and legal…
- NAIROBI, Kenya, May 11 – Equity Group Holdings Plc and the African Guarantee Fund (AGF) have expanded their partnership with a USD 500 million (Sh64 billion) financing framework to accelerate support for Micro, Small, and Medium Enterprises (MSMEs) across East and Central Africa. The renewed…
- MAY 11 – Donald Trump says there has been a “total reset” in US-China trade relations following the first day of talks between American and Chinese officials in Switzerland. In a social media post, the US president described the talks as being “very good” and said change had been “negotiated in a…
