In April 2024, Citigroup (Citi) made a staggering mistake by erroneously crediting a client’s account with $81 trillion instead of the intended $280. While the error was ultimately reversed, it underscores persistent operational and risk management challenges at one of the world’s largest financial institutions. How the Error Occurred The blunder was the result of […]
Kenya’s tourism sector is set for a transformative shift with the development of the National Tourism Policy, 2024 (Draft)—a strategic framework aimed at enhancing competitiveness, sustainability, and resilience in the industry. The policy, currently undergoing public participation across the country, seeks to address critical gaps and emerging challenges in the sector while leveraging technological advancements […]
A devastating fire engulfed Olmekenyu Trading Center in Narok South Sub-County, reducing 30 timber and iron sheet structures to ashes and leaving traders counting immense losses. The fire, which broke out in the early hours of the morning, not only destroyed businesses but also displaced families who lived in the affected structures. The Fire Incident: […]
Nairobi, Kenya| Agriculture Cabinet Secretary Mutahi Kagwe has directed millers to purchase 400,000 bags of locally grown wheat before they can receive import licenses from the government. The directive, issued on Wednesday, aims to safeguard local wheat farmers who have been struggling with market access and falling prices. According to Kagwe, the government, through the […]
Nairobi, Kenya| Bidco Oil Refineries Ltd. CEO Vimal Shah has urged manufacturers to align their production processes with emerging technologies and innovative systems to stay competitive amid a challenging business environment. Speaking on the current economic landscape, Shah acknowledged the difficulties businesses face but emphasized that these challenges also present significant opportunities—particularly in local production […]
As the Islamic holy month of Ramadan approaches, Muslims across Kenya are expressing optimism following the government’s recent decision to exempt dates from taxation. This move is expected to make the essential commodity more affordable, especially as families prepare for the month-long fast. Dates: A Staple for Breaking the Fast For centuries, dates have played […]
As Kenya advances toward its goal of achieving 100% clean energy use by 2030, Kiambu County is embracing sustainable cooking solutions to mitigate the environmental and health risks associated with traditional cooking methods. This shift is part of a nationwide push to reduce reliance on wood and charcoal, which have long contributed to deforestation, air […]
Nairobi, Kenya| East African Legislative Assembly (EALA) Member of Parliament Maina Karobia has urged East African states to eliminate non-tariff barriers (NTBs) at border points to promote intra-regional trade and unlock the region’s economic potential. Speaking on the matter, Karobia emphasized that East Africa’s population of over 350 million provides a significant market that should […]
Nairobi, Kenya| A fire broke out on Saturday afternoon in a section of grassland near Jomo Kenyatta International Airport (JKIA), close to 75 Airport North Road, sending thick plumes of smoke into the air. The incident caused alarm among travelers, airport staff, and nearby residents as emergency teams rushed to contain the blaze. Emergency Response […]
•A Strategic Move to Bridge the Skills Gap in the Aviation Industry In a groundbreaking partnership aimed at strengthening Kenya’s aviation sector, Kenya Airways (KQ) has joined forces with London Metropolitan University to establish a premier aviation training institution at KQ’s Pride Centre in Nairobi. The collaboration is set to revolutionize aviation education in the […]
