Nissan Plans 50% Electric Vehicle Sales By 2030, Invests $17.6 Billion
Japanese automaker, Nissan has announced plans for half its global sales to be electric or hybrid vehicles by 2030, and is to invest around $17.6 billion over the next five [...]
New Omicron Variant Prompts Rwandair Angola to Halt Flights to Southern Africa
The Angolan government has announced the suspension of flights to South Africa, Namibia, Botswana, Lesotho, Zimbabwe, Eswatini and Tanzania, due to the emergence of a new COVID-19 variant, known as [...]Nasdaq Listed Papa John's International to Open 60 restaurants in Kenya and Uganda
Nasdaq listed Papa John's International has announced its expansion into Sub-Saharan Africa with plans to open 60 restaurants in Kenya and Uganda, with four of these restaurants planned to open [...]India Unveils Bill Seeking to Ban Cryptocurrency
India has announced plans to introduce a bill to ban private cryptocurrencies and instead, create a framework for a central bank-backed digital currency. India’s crypto market has boomed since the [...]Edelman Kenya Appoints Corazon Wandimi, a PR Expert, as its New MD
Edelman Africa communications consultancy, has announced the appointment of a new Managing Director, Corazon Sefu Wandimi, to its Kenya Office. Edelman is the largest global communications firm with 66 offices [...]
Kenya Targets to Raise KSh 106 Bn in Fifth Eurobond Issue
Kenya will take up a fifth sovereign bond (Eurobond) targeting KSh 105.6 billion in the next fiscal year, with the National Treasury indicating plans to float its first green bond. [...]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 [...]
