G7 Mulls Support for Reallocation of $100 Billion IMF Reserves
The G7 (an intergovernmental organization made up of the world's largest developed economies: France, Germany, Italy, Japan, the United States, the United Kingdom, and Canada) is mulling support for reallocation [...]
KLM to Launch Direct Flights into Mombasa in October
KLM Royal Dutch Airline, the flag carrier of the Netherlands, is set to launch direct flights into Mombasa beginning October 31st 2021. The two flights a week will be on [...]
Kenya to get US$750 Million from World Bank in a fortnight
Kenya expects to receive a loan of US$750 Million from the World Bank in the next two weeks to support its budget. This disclosure has been made by the Central [...]Kakuzi to resume UK Avocado Exports After 8 Months
Listed Agricultural firm Kakuzi is gearing to resume exports of avocadoes to supermarkets in Europe which stopped buying its produce in October 2020. Kakuzi faced scathing accusations of engaging in [...]Uber Taxi increases prices in Kenya, Nigeria due to Driver Protests
Uber Technologies Inc. has raised fares in Kenya and Nigeria in response to demand by drivers for a higher share of commissions to compensate for increased operations costs. It added [...]Branch International Gets Nod to Acquire 84.89% Stake in Century Microfinance Bank
The Competition Authority has approved the proposed acquisition of a 84.89% stake in Century Microfinance Bank by Branch International Limited. Branch International, a Silicon Valley-based start-up, offers loans to first-time [...]Kenyan Gro Intelligence is on TIME's 2021 List of World's Top 100 firms
Kenyan Gro Intelligence, a data analytics company, has made it to TIME's 2021 list of the 100 Most Influential Companies in the world. Gro Intelligence is listed under Innovators alongside [...]StanChart Bank Plc to cut down its Global Branch Network, Staff
Stanchart Plc, based in the UK, has announced plans to downsize its global staff numbers to around 400 to cut long-term costs. This is after the British bank reported a [...]Global Markets; US Stocks Close Lower Amid Earnings Report
US Stock Markets The US stock markets closed lower on Wednesday's session after the Federal reserve unanimously decided to leave interest rates near zero. The Federal Open Market Committee (FOMC), [...]
Kenya, US Seek to Strengthen Relations
President Uhuru Kenyatta yesterday held talks with Antony Blinken, the US Secretary of State who advises the US President on foreign policy matters. It is the first meeting with select [...]
Google's Parent Company, Alphabet, Posts $17.9 Billion Net Profit in Q1 2021
Google's parent company, Alphabet's Q1 2021 profit jumped by 162% to reach$17.9 billion, or $26.29 per share, beating estimates of $15.88 per share and topping its previous high of $15.2 [...]US Markets; Tesla Earnings, Amazon Stock Split, Apple's $430B investment
US Markets The US stock markets closed slightly higher on Monday as major companies continued to release their quarterly financial results. The Dow Jones fell at close by 0.18% while [...]
