Microsoft to Invest in Kenya’s Agritech
Microsoft says it is committing to working with Kenya’s Ministry of Agriculture through a platform that will digitize agriculture in Kenya. Microsoft Kenya Acting Country Manager Kunle Awosika said the [...]
Google Offers Scholarships to Enable Kenyan firms Go Online
Google, the USA-based multinational technology company, is offering 1,000 scholarships to small retailers in Kenya to enable them to shift their business to online platforms and sell their wares and [...]KQ Expands Codeshare Agreement with Delta Airlines
Kenya Airways (KQ) has expanded its codeshare agreement with and Delta Airlines, seeking to offer customers seamless travel to a total of 44 cities in Africa, the United States, and [...]
Qatar Airways Reports Record profit in the global airline industry
Qatar Airways Group has announced a record net profit of US$ 1.54 billion for the fiscal year 2021/22, representing a 200 per cent above its highest annual historical profit. The [...]Kenya Seeks More Flight Destinations with Deals with 8 Countries
The Ministry of Transport has tabled bilateral air service agreements between Kenya and eight countries that will see Kenya Airways (KQ) expand its flights destinations to new markets. The Transport [...]Namibia Hikes Key Interest Rate to 4.75% to Temper Inflation
Namibia’s central bank increased its key interest rate by the biggest margin since 2007 to safeguard its currency peg with South Africa’s rand and stymie inflation. The monetary policy committee increased the [...]
Coca-Cola to Delay Public Listing Until 2023
Coca-Cola Co. delayed the planned initial public offering of part of its stake in an African bottler of its products, saying a rescheduled listing would depend on improved market conditions. The [...]Air France KLM Raises $2.4 Billion from Rights Issue
Cash-strapped French-Dutch airline, Air France KLM, has raised $2.4 billion from a new capital increase announced last month, which will mostly be used to pay back state aid. In a [...]Japanese Yen Falls to a 24-Year Low Against the Dollar as U.S. Yields March Higher
The yen tumbled to its lowest against the dollar in 24 years on Monday, as the gap between Japanese and U.S. benchmark yields widened after red hot U.S. inflation data [...]Oil Extends Losses on Beijing's COVID-19 Warning and Inflation Concerns
Oil prices dropped more than $2 on Monday as a flare-up in COVID-19 cases in Beijing dashed hopes for a rapid pick-up in China's fuel demand, while worries about global [...]World Bank Slashes China's Economic Growth Citing Covid Distractions
The World Bank has sharply slashed its annual growth forecast for China, warning in a report that Covid disruptions could further slow recovery in the world’s second-largest economy. China is [...]U.S Inflation Rises to a 40-Year High of 8.6% in May
U.S inflation accelerated to a fresh 40-year high in May, a sign that price pressures are becoming entrenched in the economy. The consumer price index, a wide-ranging measure of goods [...]
