In a bid to bring down the cost of cooking gas and enhance energy accessibility, the Kenyan government is intensifying efforts to operationalize a network of common user Liquefied Petroleum Gas (LPG) facilities. The initiative forms part of a wider national LPG Growth Strategy aimed at transforming Kenya’s energy landscape and ensuring clean, affordable fuel […]
In a landmark move set to transform Kenya’s agricultural landscape, Absa Bank Kenya, in collaboration with agri-tech firm Hello Tractor and global machinery manufacturer John Deere, has expanded a Sh500 million financing initiative aimed at enhancing access to mechanised farming for smallholder farmers across the country. The initiative, launched during the unveiling of Hello Tractor’s […]
In a significant move to modernize tax administration within Kenya’s real estate sector, the Kenya Revenue Authority (KRA) has unveiled the Electronic Rental Income Tax System (eRITS), a new digital platform designed to simplify rental tax filing and promote voluntary compliance among landlords and property owners. The eRITS platform, officially launched on Thursday, integrates with […]
Washington/Beijing| The United States has intensified its trade standoff with China, as President Donald Trump announced a dramatic increase in tariffs on Chinese imports to 125%. The move marks the latest development in a rapidly escalating economic confrontation between the world’s two largest economies. President Trump made the announcement Wednesday via his Truth Social platform, […]
Beijing/Washington| China has announced a sweeping escalation in its trade dispute with the United States, imposing an additional 50% tariff on American imports, bringing the total tariff burden on U.S. goods to 84%. The move comes in direct response to President Donald Trump’s latest tariff hike, which raised duties on all Chinese imports to an […]
A growing number of American companies are expressing interest in resuming business operations in Russia, according to Kirill Dmitriev, the Russian President’s special envoy for investment and CEO of the Russian Direct Investment Fund (RDIF). Speaking during a televised interview on Russia 1, Dmitriev stated that numerous U.S. firms, particularly in the energy sector, have […]
•The Agreement Comes Without Debt Write-Down •Restructuring Agreement Offers Temporary Relief but Highlights Deeper Financial Challenges Ethiopia has secured additional time to repay its mounting sovereign debt under a preliminary restructuring agreement with its official creditors, though the deal stops short of reducing the overall debt burden. The announcement, made by William Roos, co-chair of […]
Mombasa, Kenya| Mombasa Governor Abdulswamad Nassir has ordered an immediate and comprehensive audit of all buildings linked to the professionals involved in the construction of a dangerously unstable 11-storey building in Kona ya Kilifi, Mvita Sub-County. The move follows the alarming near-collapse of the structure, which had reached its finishing stage but began showing significant […]
Nairobi, Kenya| Pawa IT Solutions, a Kenya-based technology firm, has launched an artificial intelligence (AI)-powered customer support system designed to improve business efficiency by delivering rapid and accurate responses to client queries. The new solution, which leverages Google Cloud AI, aims to address common customer service challenges such as long wait times, inconsistent responses, and […]
Kirinyaga County, Kenya| In a landmark move aimed at revolutionizing livestock farming in Kenya, President William Ruto on Wednesday officially launched the region’s first-ever Goat Artificial Insemination (AI) Centre at the Animal Health and Industry Training Institute (AHITI) in Ndomba, Kirinyaga County. This state-of-the-art facility is the first of its kind in East and Central […]
