Investments

NAIROBI, Kenya, Mar 22 – Global Water Center (GWC) has rolled out a new project to improve access to safely managed water across East Africa, backed by $1.1 million (Sh142.5 million) in grants from the Grundfos Foundation and The Coca-Cola Foundation. The initiative, covering Kenya, Tanzania, Ethiopia, and Uganda, aims to address a critical shortage…

MAR 22 – Every Uber driver in the UK will be eligible for 20 hours of free childcare under a new scheme intended to get more women driving taxis. They will be able to use the allowance through a nannying and babysitting app for the rest of 2025. “We really, really would like to attract…

MOSCOW, March 21 (Xinhua) — The Russian central bank announced Friday that it has decided to keep its key interest rate unchanged at 21 percent per annum. “Current inflationary pressures have decreased but remain high, especially underlying ones,” the bank said. The bank added that it would consider raising the key rate if disinflation dynamics…

KAMPALA, March 20 (Xinhua) — Uganda Airlines, the national carrier of Uganda, has secured a direct route to London, Britain, in an expansion move to boost the East African country’s trade and tourism opportunities. Uganda Airlines said in a statement issued here Thursday that starting May 18, it will operate four weekly direct flights between…

NAIROBI, Kenya March 19 – Local consumer products manufacturer and distributor Tropikal Brands Afrika Ltd has launched a personal care range of products infused with natural ingredients to meet growing demand. Under a USD 3 million investment outlay, Tropikal Brands Afrika has unveiled the personal care range of products under the ALO brand name. Speaking…

By Njeri Jomo MAR 18 – When was the last time you felt unwell but chose to self-medicate instead of seeing a doctor? Did you finish the prescribed dose the last time you took antibiotics? If you’re like most people, the answer is probably no. Across the country, many individuals resort to self-medication, skipping necessary…

According to the OECD, the downward adjustment from its previous forecast is due to “higher trade barriers in several G20 economies and increased geopolitical and policy uncertainty weighing on investment and household spending.” In its previous Economic Outlook published in December 2024, the OECD projected that global GDP growth would be 3.3 percent in both…

NAIROBI, Kenya, Mar 16  – Premier Bank CEO Osman Dualle has lauded the Kenyan Parliament for its role in shaping the nation’s economic future while advocating for ethical banking and innovative wealth management solutions. Speaking during a Parliamentary Iftar dinner hosted at the Parliament Buildings for the first time, Dualle emphasized the need for enhanced…

MAR 15 – The US has averted a government shutdown after the Senate passed a Republican-led measure to keep the government funded for the next six months. The stopgap funding bill passed in the Senate 54-46, as two Democrats joined all but one Republican senator in voting yes. President Donald Trump must now sign it…