Kenya has received provisional approval of $322M (Ksh43B) funding for HIV response. The funds for Yr 2 allocated through the United States President’s Emergency Plan for AIDS Relief Program (PEPFAR) Country Operational Plan (COP) 2022 will be implemented from October 1, 2024, through September 30, 2025, in support of critical solutions enabling Kenya to maintain […]
An arrest warrant has been issued against business tycoon Yagnesh Devani for failing to appear in court for a second time in a Sh1.5 billion fraud case. Devani was to appear to confirm whether he has been supplied with documentary evidence and other exhibits to be relied upon during trial. He is accused of using […]
African Originals, a Nairobi-based startup behind ‘KO’ brand popular for a range of ciders, iced teas and gins, is battling regulatory hurdles that now threatens its future and now blaming their rivals and a market giant East African Breweries Limited (EABL) for their predicaments. In the current edition of Semafor Africa newsletter, pan African online […]
Nairobi Expressway. PHOTO | State House Kenya’s capital, Nairobi City is among 14 municipalities and local authorities that will benefit from a Ksh 598.5 million ($4.5m) fund by the African Development Bank (AfDB) to improve the quality of life in African urban areas. Under the Urban and Municipal Development Fund (UMDF), the first tranche amounting […]
Preparations is in top gear ahead of World School Cross Country trials on 28th March at Nakuru High School. Speaking at the Local Organising Committee offices at the Nyayo National Stadium on Deputy CEO Eliud Wambua said that plans are underway to accommodate the athletes in Nakuru come next week. “Female athletes will be accommodated […]
Sports Cabinet secretary Ababu Namwamba has expressed his satisfaction with the progress of the renovation of Afraha Stadium. While touring the facility Friday the sports CS assured the Nakuru County Government of the national govt’s support in ensuring that the stadium was modeled to requisite CAF and FIFA standards. “We are progressing well, and I […]
Extreme Sports has announced a plan to partner with grass root clubs so as to catalyze the growth of soccer in the country. A statement from Extreme sports thus stated:’ Extreme Sports Ltd Announces Youth Empowerment Program through Sports as the organization celebrates 20 years of football development’’. The initiative seeks to empower the […]
The southern African nation of Malawi has declared a state of disaster over drought in 23 of its 28 districts, and the president says it urgently needs more than $200 million in humanitarian assistance, less than a month after neighboring Zambia also appealed for help. Malawi is the latest country in the region to have […]
Premier Bank Kenya CE Osman Dualle. Premier Bank Kenya expects to continue with its investments into new branches in the coast region as tourism and business activities pick up. Speaking in Mombasa County where the lender opened its latest outlet, chief executive Osman Dualle said the Mombasa City acts as the regional trade gateway with […]
PHOTO | File Kenya Electricity Transmission Company (KETRACO) expects stable and reliable electricity supply in Nairobi and its environs following the completion of the 220/66kV Kimuka Substation transmission line. The new substation in Kajiado County forms part of power evacuation alternative to the capital besides Dandora substation in Nairobi North. According to KETRACO, the Kimuka […]
I&M Group PLC made Ksh 13.3 billion in 2023 full year net profit, representing a 14pc year on year growth driven by increased lending. However, the lender’s gross non performing loans increased 41.7pc to Ksh 35.4 billion. Last year, I&M Bank says net loans and advances increased by 30pc to Ksh 311 billion, which the […]
photo courtesy The call for transparency and accountability in contributions to the Loss and Damage Fund has been emphasized by African leaders. In accordance with the principle of Common but Differentiated Responsibility and respective capabilities, developed countries have been urged to fulfill their pledges to the Fund. This message was conveyed at the third Africa […]
