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. […]
Shares of the embattled Chinese property giant, Evergrande, have been suspended from trading on the Hong Kong Stock Exchange. This development comes amidst reports suggesting that the company’s chairman, Hui Ka Yan (also known as Xu Jiayin), has been placed under police surveillance, adding another layer of uncertainty to the already crisis-hit firm. The exact […]
Kenya Airways (KQ) has reported an increase in loss before tax of Ksh 22 billion during the first six months of this year from Ksh 9.9 billion reported last year on account of depreciation of the shilling. During investor briefing held Tuesday, the airline said despite recording a 120pc improvement in operating profit to Ksh […]
Faulu Microfinance Bank is targeting to enhance its Small and Medium Enterprise customer base with the rollout of new enterprise solutions. According to Faulu Bank Head of Business Growth Joshua Kittony, its Biashara Customer Value proposition (CVP), Blended Retail CVP and Digital CVP are aimed at boosting boost customer experience across the country. “At Faulu, […]
Absa Bank Kenya profit after tax has risen 32pc in the first six months of the year to Ksh 8.3 billion supported by strong performance across main income streams. The bank’s profit margin for the period ended June 30, 2023 increased from Ksh 6.3 billion reported over the same period last year driven by net […]
Dickson Wandera, a father of two based in Nairobi, has secured the second Sh1 million grand prize in Safaricom’s Gomoka na Go monthly promotion. Wandera, an executive driver, plans to open his own electrical products business with the money he has won. He will also use part of the funds to open a nail spa […]
