ITC, Afreximbank to Train Small firms On Export Techniques
The International Trade Centre (ITC), in partnership with the African Import-Export Bank (Afreximbank)- a Pan African multi-lateral institution located in Cairo, Egypt, has launched a new training programme for small [...]
Emirates Posts $1.6 Billion Loss in H1 2021
Emirates Group, owner of the world’s largest long-haul airline prior to the global COVID-19 pandemic, has posted a $1.6 billion loss in H1 2021. This compares to $3.4 billion loss [...]
Google Launches 7th Startups Accelerator Programme
Google has announced that it is now taking applications of the seventh Google for Startups accelerator programme, open to technology Startups located in 17 countries including Kenya. Applications for the [...]Lufthansa Posts $20 Million Profit in Q3 2021
Germany’s largest airline, Lufthansa, has posted a $20 million profit (earnings before interest and tax) in Q3 2021, the first profit since the beginning of the pandemic, compared to a [...]Boeing Posts $109 Million Loss in Q3 2021
Boeing posted a loss of $109 million for Q3 2021, compared with a loss of $449 million in the same period last year. The company announced $1 billion in new [...]Allianz Acquires Stake in Jubilee Holdings Subsidiary in Uganda
Allianz, a German-based underwriter, has completed the acquisition of a majority stake in Jubilee Insurance Company of Uganda Limited. Allianz, one of the world's leading insurers and asset managers, became [...]KQ British Airways Sign Codeshare Agreement
Kenya Airways (KQ) and British Airways (BA) has signed a codeshare agreement, seeking to enable customers to fly to more destinations across Europe. Customers flying from Nairobi with Kenya Airways [...]Tesla stock reaches new record high
The shares of Tesla Inc. rose on Friday and reached a new record high after the electric carmaker reported record revenue and profits for the third quarter of 2021. In [...]Earnings Drive US Markets Higher; Tesla, FB Rebrand, Netflix, Biogen, Verizon, Abbott
The US markets closed mostly higher on Wednesday with a strong earnings report from from Tesla, IBM, Verizon and Abbott Laboratories, driving the Dow Jones to fresh record highs. The Dow closed 0.43% higher, [...]
Kenya and USA sign SME Trade Initiative
Kenya and the USA have signed a deal that will enable Kenyan Small and Medium-Sized Enterprises(SMEs) to take full advantage of the African Growth and Opportunity Act (AGOA) and be [...]Google Grants $10 Million to SMEs in Kenya, SA, Ghana Nigeria
Google has announced a $10 million grant to Small and Medium Entreprises (SMEs) in Kenya, South Africa, Ghana, and Nigeria seeking to support their economic recovery amid the global COVID-19 [...]Tala Raises KSh16.1 Billion in Series E Funding Round
Digital Lender, Tala has raised KSh16.1 billion in its series E funding round, bringing its total funding to more than KSh38.8 billion. Investors who took part in the funding round include [...]
