Ministers of investment and enterprise participating in the 8th World Investment Forum identified the agrifood sector as a top priority for global investment. They emphasized its pivotal role in addressing a $4 trillion annual investment gap in developing countries that needs to be bridged to achieve the Sustainable Development Goals (SDGs) and underlined its role in enhancing […]
Maurice Akech will serve a final term of three years as the National Construction Authority (NCA) Executive Director and Registrar of Contractors. This follows his reappointment by NCA board to the position which has taken from September 27, 2023. Prior to his appointment in September 2019, Akech served the authority as general manager for research, business […]
The United States Wednesday announced five new investments totaling $19.7 million (two billion nine hundred seventeen million five hundred seventy thousand) to support Kenya’s cooperative sector. Funding for the investments will be provided by the United States Agency for International Development (USAID) over five years. Kenyan and U.S. private-sector partners are expected to invest an […]
Used vehicle importers in Uganda will pay an inspection fee of $140 (Ush 524,440) per unit to the Uganda National Bureau of Standards (UNBS) before release from all custom areas. The new announcement will affect all used motor vehicles imported into the East African Community (EAC) member state between September 23 and November 1 of […]
The high cost of living is taking a toll on Kenyans with many people finding it difficult to put a meal on the table. Data from the Kenya Institute of Public Policy Research Analysis (KIPPRA) shows that despite an increase in the minimum wage of 12pc, the overall costs of essential goods and services jumped […]
India, despite being the world’s most populous country, continues to trail China significantly in terms of its labor force, according to a report by Oxford Economics. Despite its large population, India’s labor force participation stands at only 51%, lagging behind China by 25 percentage points. The report suggests that, based on current projections, India’s labor […]
China’s tentative economic recovery appears to have hit a snag in September, with weakening retail sales, manufacturing production, pricing power, and loan growth, according to the monthly China Beige Book survey released on Friday. This setback raises concerns about sluggish third-quarter growth, heightening the risk of China falling short of the central government’s stated 5% […]
Kenya Airways (KQ) has Thursday announced the introduction of two more daily flights to London effective 29th October 2023. The airline’s customers can now choose between a morning flight via KQ 100 and an evening flight via KQ 102 allowing more travel options, convenience, and flexibility. Kenya Airways has been operating flights to London since […]
Kenya’s receipts for its peacekeeping mission in Somalia under the African Union Transition Mission in Somalia (ATMIS) almost doubled to reach Ksh 6.98 billion according figures by the National Treasury. In the fiscal year 2022/23, the grants to Kenya for contributing troops and police for the peacekeeping mission in the neighbouring country under ATMIS, formerly […]
National carrier Kenya Airways (KQ) has increased flights to London to 14 times on a weekly basis up from 10 flights. The carrier on Thursday announced that customers will effective October 29 fly to London twice a day. “The airline’s customers can now choose between a morning flight via KQ100 and an evening flight via […]
Kenya is not at risk of a debt default and has crafted a clear debt repayment schedule with local and international creditors. Treasury Cabinet Secretary Prof. Njuguna Ndung’u told the National Assembly that Kenya’s public debt, which hit Ksh 10.19 trillion by close of June 2023 remains feasible despite worsening global macroeconomic conditions. For every […]
OpenAI, the Microsoft-backed creator of ChatGPT, has confirmed the chatbot can now browse the internet to provide users with current information. The artificial intelligence-powered system was previously trained only using data up to September 2021. The move means some premium users will be able to ask the chatbot questions about current affairs, and access news. […]
