Rolls Royce's All-Electric Airplane Takes to the Skies
Rolls Royce's all electric airplane, dubbed the Spirit of Innovation', took to the skies propelled by its 400kW (500+hp) electric powertrain with the most power-dense battery pack ever assembled for [...]
Microsoft Announces $60 billion share buy back Plan
American technology company Microsoft Corp has announced a share buyback program worth up to $60 billion, while raising its quarterly dividend by 11%. The tech giant said the buyback program [...]
Singapore Lifts Ban on Boeing 737 Max
Singapore has lifted the flight ban on Boeing 737 Max, allowing it to return to service more than two years after the plane was grounded in March 2019 following two [...]Global 5G Phone Shipments to Reach 570 Million Units in 2021
The global market for 5G phones is projected to grow to 570 million units in 2021, from 255 million units shipped in 2020, according to the International Data Corporation (IDC). [...]
Telkom Kenya Plans on another Undersea Cable
Telkom Kenya has announced plans to invest in another submarine fibre optic cable system that seeks to connect Kenya with Asia and Europe. The cable has key landing points in [...]Bamburi Cement Plc Half-Year Net Earnings rise 7.6% to KSh 776 Million
Bamburi Cement Plc posted a net profit of KSh 776 Million for the first six months ending 30th June 2021, compared to KSh 721 Million over the same period in [...]
World Bank Halts Financial Aid to Afghanistan
The World Bank has halted funding for projects in Afghanistan, citing concerns that the Taliban takeover will impact its development prospects, especially for women. Since 2002 the Bank has committed [...]IMF Allocates SDRs Worth US$ 737.6 Million to Kenya
International Monetary Fund(IMF) has allocated US$ 737.6 Million worth of special drawing rights (SDRs) to Kenya. This follows an announcement this week by the Fund of $650 Billion, its largest [...]Delta Airlines Orders 30 Airbus A321neos
Delta Airlines has placed an order for 30 additional Airbus A321neo aircraft, adding to its existing orders for 125 of the type. This brings its outstanding orders to a total [...]Fintech firm DriveWealth Raises $450 Million
DriveWealth, the API-driven global brokerage firm registered with the U.S. Security and Exchange Commission said on Friday it had raised $450 million in its latest funding round, led by Insight [...]More Than 33% of Companies Worldwide Experienced Ransomware Attack in the Last 12 Months
A new survey by the International Data Corporation (IDC) found that more than 33% of organizations around the world suffered a ransomware attack that hindered access to systems or data [...]MTN Group Posts $5.55 Billion Service Revenue in H1 2021
MTN Group has posted a $5.55 billion service revenue in H1 2021, representing a 2.1% growth, attributed to the strong growth of 25.5% in Ghana, 23.8% in Nigeria and9.3%in South [...]
