Investments

China’s Rongtai Steel Co. Ltd. will pour KSh 12.9 billion into expanding its Kenyan operations, as part of Beijing’s investment deals inked during President William Ruto’s state visit. Under the agreements, manufacturing captured the single‑largest share of the KSh 126 billion investments, at KSh 41.4 billion. Rongtai’s plans will include the expansion of its product lines in…

NAIROBI, April 23 (Xinhua) — Kenya’s Defence Ministry on Tuesday launched a training program for law enforcement agencies in detecting, reporting or foiling terrorism financing and money laundering. Supported by the Islamic Military Counter Terrorism Coalition (IMCTC), a 42-member state counter-terrorist military alliance based in Riyadh, Saudi Arabia, the capacity-building initiative seeks to disrupt funding…

NAIROBU, Kenya, April 22 – GulfCap Investments Bank has partnered with real estate equity firm Heri Investments in a Sh2.1 billion sharia-compliant deal aimed at expanding Nova Pioneer’s educational footprint in Kenya. Under the agreement, GulfCap will channel its Islamic finance funds into Heri Tripple Net Investments LP, a limited partnership managed by Heri. The…

Global risk management consultancy Sicuro Group has acquired Kenyan risk management firm John Andrews Risk Management (JARM), and renamed it Sicuro Group East Africa. In a statement, Sicuro Group said JARM CEO John Musundi will lead the new unit, while JARM Operations Manager Sheila Kamande will serve as Chief Operations Officer. The unit will provide…

APRIL 20 – After fleeing Silicon Valley for political and business reasons, Elon Musk is building a corporate campus in rural Texas – but his new neighbours have mixed views. Half an hour east of Austin, past the airport, the clogged-up traffic starts to melt away and the plains of Central Texas open up, leaving…

BERLIN, April 19 (Xinhua) — U.S. tariffs could slash Germany’s economic output by as much as 290 billion euros (330 billion U.S. dollars) over four years, the German Economic Institute (IW) has warned, projecting an annual GDP loss of 1.6 percent for Europe’s largest economy by 2028. The report analyzes the potential fallout from the…

NAIROBI, Kenya, Apr 18 – Head of Public Service Felix Koskei has called on internal auditors across the country to embrace greater boldness and ethical conviction in their work, underscoring the profession’s critical role in Kenya’s ongoing battle against corruption and public sector inefficiency. Speaking during the Institute of Internal Auditors (IIA) Kenya Internal Audit…

By Nzola Miranda NAIROBI, Kenya, April 17 – As artificial intelligence (AI) continues to advance and transform various industries, a prevailing concern has arisen: Will AI render human labour obsolete? Reports highlighting automation, robotic workers, and self-driving vehicles frequently provoke anxiety regarding a future in which human employment is significantly diminished. Experts indicate that AI…

TOKYO, April 16 (Xinhua) — The number of foreign visitors to Japan in March surged 13.5 percent from a year earlier to a record 3.5 million, official data showed Wednesday. The total visitor number in the three months from January reached 10.5 million, up 23.1 percent, marking the fastest pace on record to cross 10…