Donkey skin demand fuels theft, livelihood crisis in Kenya, Africa: Report

Donkey skin demand fuels theft, livelihood crisis in Kenya, Africa: Report

NAIROBI, Kenya, June 26 – The rise in global demand for donkey skin used to manufacture ejiao, a traditional Chinese medicine made from donkey skin, has led to widespread donkey theft and sharp drops in household income across the African continent, a new report by The Donkey Sanctuary has revealed. Titled ‘Stolen Donkeys, Stolen Futures’,…

KEBs eases 8-year cap for imported special-purpose vehicles

KEBs eases 8-year cap for imported special-purpose vehicles

NAIROBI, Kenya Jun 24 – The Kenya Bureau of Standards (KEBS) has permitted entry of special-purpose motor vehicles older than eight years and those with left-hand drive (LHD) configurations into the country, provided they meet strict conditions. In a notice to importers, KEBS stated special-purpose vehicles will now be considered for importation if they can…

New condo prices rise in greater Tokyo area

New condo prices rise in greater Tokyo area

TOKYO, June 23 (Xinhua) — The average price of newly built condominiums released in May across Tokyo and its surrounding prefectures continued to rise in May, according to a report released Monday by the Real Estate Economic Institute. Condo prices averaged at approximately 93.96 million yen (about 638,649 U.S. dollars) last month, up 25.5 percent…

Nobody can stop talking about the self-styled knight giving away cars

Nobody can stop talking about the self-styled knight giving away cars

JUNE 22 – A flashy tycoon in Zimbabwe has a nation entranced – some beguiled, others alarmed – by his habit of giving away cars along with wads of cash to those he deems patriotic – even presenting them to those he has never met. Mercedes-Benzes, Toyota SUVs, Range Rovers are Wicknell Chivayo’s vehicles of…

Unions call for equitable AfCFTA rollout at Nairobi forum

Unions call for equitable AfCFTA rollout at Nairobi forum

NAIROBI, Kenya, June 20 – Labour unions from across Africa have urged governments to ensure the African Continental Free Trade Area (AfCFTA) is implemented in a fair, inclusive, and worker-focused manner. The union leaders who met in Nairobi during a three-day Regional Capacity Development and Political Engagement Forum warned that the free trade pact, if…

EADB gets Sh5bn loan from OPEC Fund to boost regional development

EADB gets Sh5bn loan from OPEC Fund to boost regional development

NAIROBI, Kenya, June 19— The East African Development Bank (EADB) has sealed a Sh5.2 billion loan agreement with the OPEC Fund for International Development to spur sustainable economic growth and regional integration across East Africa. The deal represents the fourth and largest financing collaboration between the two institutions to date. The funds are earmarked to…

Britam’s Betalab invests Sh5mn in Oye to boost Boda Boda insurance

Britam’s Betalab invests Sh5mn in Oye to boost Boda Boda insurance

NAIROBI, Kenya, June 18 – Britam’s innovation hub, Betalab, has invested Sh5 million in fintech startup Oye to expand access to insurance and fuel credit for boda boda riders. The investment targets a critical gap in financial protection for riders, a group often exposed to economic shocks and road risks. The funding will scale two…