NAIROBI, Kenya, Sept 18 – The Horn of Africa is set to face drier-than-usual conditions between October and December, the Intergovernmental Authority on Development’s Climate Prediction and Applications Center (ICPAC) has warned. According to the latest outlook, below-average rainfall is expected in most parts of Somalia, Djibouti, coastal Sudan and Eritrea, southern Ethiopia, Kenya, and…
Ever wondered what it means when you hear a company has been placed under administration? In simple terms, it means the business is in serious financial trouble — it owes more than it can pay — and an expert is brought in to try to save it. This expert is called an administrator who once…
SEPT 16 – A deal has been made between the US and China to keep TikTok running in the US, according to the US President Donald Trump. “We have a deal on TikTok, I’ve reached a deal with China, I’m going to speak to President Xi on Friday to confirm everything up,” Trump told reporters…
Kenya’s banking sector has surpassed its annual commitment to lend KShs 150 billion to micro, small, and medium enterprises (MSMEs), disbursing KSh 153 billion so far this year, according to the Kenya Bankers Association (KBA). The announcement was made during the launch of the Assessment of Nature-Related Financing and Investment Opportunities in Kenya, which identifies…
NAIROBI, Kenya, Sept 14 – President William Ruto has expressed concern over the teachers’ medical scheme, suggesting it falls short of market standards and requires urgent review to ensure teachers receive better healthcare services and value for money. Speaking at State House Nairobi, where he hosted 10,000 teachers drawn from major unions and associations, the…
Equity Bank Group has taken a major step toward expanding into Ethiopia after its chief executive Dr. James Mwangi held talks with Ethiopian Investment Commission (EIC) Commissioner Dr. Zeleke Temesgen on Friday. Dr. Temesgen said the commission was ready to provide the necessary cooperation and support to facilitate the bank’s entry into the country’s financial…
SEPT 12 – Seven technology companies are being probed by a US regulator over the way their artificial intelligence (AI) chatbots interact with children. The Federal Trade Commission (FTC) is requesting information on how the companies monetise these products and if they have safety measures in place. The impacts of AI chatbots to children is…
NEW YORK, September 11, 2025: Africa is taking charge of its economic future as long-standing trade agreements deteriorate and global markets become more volatile. This is the driving force behind the Global Africa Business Initiative’s Unstoppable Africa conference this year, which has as its theme “The Big Push: Africa Shapes the Markets”. Sanda Ojiambo, Assistant Secretary-General…
SEPT 10C- Elon Musk has lost his title as the world’s richest person to Larry Ellison, the co-founder of Oracle and an ally of US President Donald Trump. Ellison’s wealth surged to $393bn (£290bn) on Wednesday morning, surpassing Musk’s $385bn (£284bn), according to the Bloomberg Billionaires Index. Shares in Oracle soared more than 40% after…
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