Global Air Cargo up 2.9% in Feb-IATA
Despite a challenging operating backdrop, global air cargo markets show that demand increased by 2.9% in February 2022 compared to February last year. Global cargo capacity was positively influenced by [...]
Checkout Solution Startup, Fast, Shuts Down Operations
Online payments service, Fast announced that it is shutting down its operations with effect from Friday, 8th April 2022. This happens after the company ran out of funds after failing [...]
Binance.US Raises $200 Million in its Seed Round
Binance.US has raised over $200 million in its seed funding round, raising the company's valuation to $4.5 billion. This is the first time the company has taken external investor capital and no [...]MasterCard Awards Two Kenyan Women
MasterCard Women SME Leaders Awards 2022 has named two Kenyans for their achievements. Carole Kinoti, a social fashion entrepreneur, was named The Retailer, alongside Sheila Mallowah the Principal Consultant and [...]Global Bonds Slump to a Discount for the First Time in 4 Years
Global bonds dropped below a key fixed-income watermark after Federal Reserve Governor Lael Brainard signalled a quicker-than-expected rundown of the central bank’s debt holdings. The Bloomberg Global Aggregate Index fell [...]
General Motors Partners with Honda for Electric Vehicles
General Motors has partnered with Honda Motor to co-develop a series of electric vehicles based on a new global architecture, seeking production of millions of vehicles starting in 2027. The [...]Fitch says Polls to Disrupt Kenya’s Economy
Fitch Ratings says Kenya’s general elections scheduled for 9th August 2022 pose downside risks to the growth of East Africa’s largest economy, especially in the second and third quarters of [...]Renault Launches New SUV for Kenyan Market
Renault has launched a new Sport Utility Vehicle (SUV) specifically for the Kenyan market. Dubbed Kiger, the new five sitter SUV strengthens Renault’s offering in Kenya that already includes Kwid, [...]Radisson Blu Hotel Reopens its Doors
Radisson Blu, a global hotel brand, has announced its Upper Hill Hotel establishment's reopening on May 9th, 2022, in Nairobi. The hotel, which is located in the middle of the [...]Kenyan Banks’ at Risk, says Fitch Ratings
Kenyan banks’ profitability recovery may be disrupted by the Russia-Ukraine conflict through second-order risks to the banks' operating environment, Fitch Ratings says. According to the US rating agency, lenders in [...]Bollore Sells Stake to MSC for $6.3 Billion
.Bollore Logistics has agreed to sell its African operations to MSC Shipping Company for US$ 6.3 Billion( KSh 724.8billion).. Bollore African Logistics, which belongs to French tycoon Vincent Ballore, first [...]China's Factory Activity Shrinks as Cities go into Lockdown
China’s factory activity shrank in March, as the country’s worst Covid outbreak in two years brought sporadic lockdowns and factory closures. The Purchasing Managers’ Index (PMI) — a key gauge [...]
