A dozen young Kenyans have completed an intensive 12-week training in virtual production, marking a step in the country’s efforts to expand its creative and digital economy. The program, run jointly by Konza Technopolis, the Kenya Film Commission (KFC), and Genesis Design Factory, was the first of its kind in the country. It trained participants…
By Daniel Kirui Njoroge NAIROBI, Kenya, Aug 21 – The manufacturing sector has long been recognised as a cornerstone of economic growth, innovation and job creation. According to the World Bank, global manufacturing accounts for around twelve percent of the world’s Gross Domestic Product (GDP)—the total value of all goods and services produced in an…
Mid-tier lender Family Bank Limited has posted a 38.8% rise in net profits to KShs 2.28 billion for the first half of 2025, up from KShs 1.65 billion in the same period last year. The growth was driven by higher lending income, a strong liquidity position, and expense management. The bank’s total interest income surged…
NAIROBI, Kenya, Aug 19 – Kenya is emerging as one of Africa’s fastest-growing markets for stablecoins, according to a new report by Yellow Card. The report attributes the surge to inflationary pressures, currency volatility, and the country’s strong mobile money infrastructure. “The country’s strong mobile money ecosystem, especially M-Pesa, allows for seamless stablecoin integration,” said…
Kenya is set to host a new Africa Center of Excellence in Sustainable Transport, headquartered in Nairobi and supported by the University of California, Davis. The center will focus on electric mobility, including two- and three-wheelers, buses, trucks, and passenger cars, while extending research into freight logistics, cycling, and alternative fuels for aviation and maritime….
NAIROBI, Kenya, Aug 17 – The Joint Administrators of East African Cables PLC (in Administration) have convened the first meeting of creditors for Tuesday, August 19, 2025, marking a crucial step in the ongoing insolvency process of the struggling cables manufacturer. According to Gazette Notice No. 11396, the meeting will be held in hybrid format—creditors…
The World Bank’s ninth Ghana Economic Update, titled “Addressing Labor Market Challenges and Opportunities in Ghana’s Economic Landscape,” said Ghana needs to improve its business environment, close infrastructure gaps, and accelerate the digital economy and climate adaptation to boost private sector-led growth and job creation. To that end, the report urged the West African cocoa,…
AUG 15 – Global talks to develop a landmark treaty to end plastic pollution have once again failed. The UN negotiations, the sixth round of talks in just under three years, were due to end on Thursday but countries continued to negotiate into the night in the hopes of breaking a deadlock. There remained a…
AUG 14 – Producers in the US raised their prices at the fastest pace in more than three years last month as companies grappled with new costs from tariffs introduced by US President Donald Trump. The producer price index, which measures the selling price commanded by US producers, jumped 0.9% from June to July, after…
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