IMF Retains Kristalina Georgieva As MD for Second Term
The International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as its Managing Director for a second five-year term that commences on October 1st, 2024. “I am deeply grateful [...]
Investors Worried about Apple's Stock Performance amidst Market Woes
Apple has witnessed a 10% dip in share value due to declining sales of its products and the mistrust it has brewed with regulators in major markets. The US Department [...]
NSE Upgraded in New FTSE Russell Index Ratings
The Nairobi Securities Exchange (NSE) has been reclassified by the FSTE (Financial Times Stock Exchange) Russel Index from ‘Restricted’ to ‘Pass’, after it fixed delays in repatriating capital. “We are [...]US Launches Africa Trade Desk, Targets $300mn Deals in 18 Months
Prosper Africa, a US government national security initiative, has announced the launch of Africa Trade Desk, a platform to link African agricultural producers and suppliers with large US food retailers. [...]
Kenya’s Volume of Trade Ups to KSh 336.2 Billion in Jan 2024
Kenya’s volume of trade rose from KSh 303.9 billion in December to KSh 336.2 billion in January 2024 according to the latest figures from the Kenya National Bureau of Statistics(KNBS). [...]Kenya Airways Ramps Up Weekly New York Flights to Nine
Kenya Airways (KQ), has introduced two additional flights on the New York route between 15th June 2024 and 28th September 2024, covering the summer peak season. The new detailed flight [...]Nissan and Honda Sign Partnership Deal to Collaborate on EVs
Nissan and Honda have signed a Memorandum of Understanding to share resources and technological insights as both companies intend to upscale the manufacturing of electric vehicles (EVs). The two auto [...]US TikTok Ban Worries ByteDance, Content Creators
The House of Representatives in the USA passed a bill on Wednesday that could lead to TikTok facing a national ban if the Chinese company ByteDance Limited does not sell [...]American Airlines Orders 85 Boeing 737 Max 10 Despite Failed FAA Tests
American Airlineshas placed an order for 260 new narrow-body jets, including dozens ofBoeing’slong-delayed 737 Max 10. American’s CFO Devon May said it would also convert orders for 30 737 Max [...]LemFi Hires Ex OPay COO, Allen Qu to lead China Expansion
Allen Qu will lead LemFi’s growth efforts amongst the Chinese diaspora. With over 14 years of professional experience, Allen has a track record of building multi-billion dollar companies in many [...]
Kenya to Resume Bulk Avocado Exports this March
Kenya will resume the export of avocado fruits in March this year after the Agricultural Food Authority (AFA) lifted its three-month suspension. Kenya exports its avocado fruits to the Netherlands, [...]Here's What's Happening to the Kenya Shilling
The Kenya Shilling continues to soar against the USD as local investors dump dollars on bets that the greenback shortage is over. The Kenya Shilling has rallied against the greenback [...]
