Kenyans can now access affordable locally assembled smartphones following the launch of the East Africa Device Assembly Kenya Limited, located in Athi River. The device assembly factory was set-up as a joint venture of local Mobile Network Operators and International device manufacturers. The devices which will be available countrywide at Faiba shops and dealer stores […]
UK-based banking giant HSBC says its quarterly profits jumped to $7.7bn (£6.35bn), boosted by higher interest rates. That is as the firm’s pre-tax profit for the period to the end of September more than doubled from a year earlier. “We have had three consecutive quarters of strong financial performance”, group chief executive Noel Quinn said […]
US actor Matthew Perry, best known for playing Chandler Bing in the hit ’90s TV sitcom Friends, died at the age of 54, US media report. The actor was found dead at his home in his Los Angeles, law enforcement sources told US media Saturday. Friends, which followed the fortunes of six young friends living […]
President William Ruto has said various programmes his administration is undertaking will see a significant reduction in cost of basic food items and bring more people into the workforce. Speaking in Kericho County during the making of 60th Mashujaa Day, the President said provision of subsidized fertiliser, affordable credit and extension services to farmers across […]
Elon Musk has said his social media platform X, formerly known as Twitter, will launch two new tiers of premium subscriptions. “One is lower cost with all features, but no reduction in ads, and the other is more expensive, but has no ads,” the billionaire said in a post on X. It comes as the […]
Bolt has revised its fare prices to cushion drivers from high fuel prices by the Energy and Petroleum Regulatory Authority (EPRA). In Nairobi, the increased prices have been effected in all categories with the base fare ranging from Ksh. 70 and Ksh. 100 across the Economy, Base, Boda and XL categories. The minimum fare has […]
Communications Authority of Kenya Director General Ezra Chiloba has resigned with immediate effect. Chiloba who has been the director general of CA for two years, having been appointed in October 2021 tendered his resignation effective October 18, 2023. The embattled immediate former CA boss was suspended on September 18, 2023 by the board over allegations […]
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 […]