City Nairobi Financial News

09.05 / 15:05
Blockchain Citi Dreams Continental Near Foundation NEAR Foundation launches Kenyan blockchain hub
The hub will be dedicated to ongoing blockchain innovation, education and talent development throughout the African continent. Kevin Imani, founder of Sankore, will lead the hub, which will be comprised of events, an academy, an incubation program, and the Sankore Bounty ecosystem. Outside of Nairobi, NEAR will also be working in lesser-known cities in Kenya where no other Layer 1 blockchain has an established presence as yet.
25.01 / 01:53
markets Provident Progressive Trade country reports International WTO cotton clash: India seeks standalone deal, while US and EU push for broader reform
Subscribe to enjoy similar stories. India has backed calls for a balanced outcome on cotton at the World Trade Organization (WTO), saying issues such as domestic support, market access and development assistance need to be addressed together.
26.12 / 01:39
markets UPS FIVE Trade President gatherings Updates This dynasty of watchmakers outlived an empire. Can it survive the modern world?
. Vasdev’s politics ranged far left, however, and his customers were unaware that while he fixed their timepieces, he also secretly financed Mau Mau insurgents who fought the British in a bloody conflict in the 1950s.He funded trade unionist Makhan Singh’s printing press, which churned out pro-independence leaflets. Makhan spent 11 years behind bars for his activism.
16.03 / 05:33
UPS FIVE Death President show country reports Why maids keep dying in Saudi Arabia
Nairobi international airport's departures area. They huddle for selfies in matching T-shirts, discussing how they'll spend the money from their new jobs in Saudi Arabia. Lured by company recruiters and encouraged by Kenya's government, the women have reason for optimism. Spend two years in Saudi Arabia as a housekeeper or nanny, the pitch goes, and you can earn enough to build a house, educate your children and save for the future. While the departure terminal hums with anticipation, the arrivals area is where hope meets grim reality. Hollow-cheeked women return, often ground down by unpaid wages, beatings, starvation and sexual assault. Some are broke. Others are in coffins. At least 274 Kenyan workers, mostly women, have died in Saudi Arabia in the past five years — an extraordinary figure for a young workforce doing jobs that, in most countries, are considered extremely safe. At least 55 Kenyan workers died last year, twice as many as the previous year. Autopsy reports are vague and contradictory. They describe women with evidence of trauma, including burns and electric shocks, all labeled natural deaths. One woman's cause of death was simply «brain dead.» An untold number of Ugandans have died, too, but their government releases no data.
09.03 / 16:39
markets Target Ball Remark cricket India's Champions Trophy win: Rohit Sharma, Shubman Gill emulate Ganguly, Tendulkar's glorious 2000 feat
Rohit Sharma and his deputy Shubman Gill stirred memories of cricketing legends Sourav Ganguly and Sachin Tendulkar by becoming only the third opening pair to achieve a century-plus partnership in a Champions Trophy final. The atmosphere was electric as India faced New Zealand in front of a packed crowd in Dubai on March 8, both teams vying for the prestigious Champions Trophy. New Zealand, bolstered by a late innings rally from Daryl Mitchell (63) and Michael Bracewell (53-), managed to post a challenging total of 251/7. In response to this significant target, Rohit and Gill set a brisk pace for the chase with their dynamic batting. Rohit took the role of the aggressor while Gill balanced both an offensive and defensive approach. Together, they constructed a solid opening partnership of 105 runs, marking themselves as just the third pair in history to reach this milestone in a Champions Trophy final.
08.03 / 06:19
markets UPS Digital security Experts RAI India favourites but only just against New Zealand in CT final: Ravi Shastri
New Zealand, who finished second behind India in Group A after losing their league match, secured their spot in the final with a one-sided win over South Africa in the second semifinal in Lahore. «If there's one team that can beat India, it's New Zealand,» Shastri said in 'The ICC Review'. «So India start as favourites but only just,» he said referring to the final, which will be a rematch of the 2000 Champions Trophy title clash, where New Zealand triumphed by four wickets in Nairobi.
03.02 / 13:09
Fighting security Trade President hiv country Trump and Musk's USAID 'Shut Down' Threat Opens Door for China
(Bloomberg) — Charities, diplomats and foreign officials around the world are frantically trying to figure out what will happen to the US agency that doles out over $40 billion in aid for everything from life-saving HIV programs in Africa to funding for Ukraine amid the Trump administration’s assault on a cornerstone of the country’s global influence.
14.11 / 09:29
UPS Provident Continental track country SOLIDARITY International Global solidarity taxes: A climate idea whose time has come
Subscribe to enjoy similar stories. From Bridgetown to Nairobi to Paris, no country is immune to the worsening effects of the climate crisis. With each passing year, we witness more climate-related destruction.
21.09 / 03:41
markets Cooper Action Sustainability Schools rights International At UN summit, India calls for global shift to sustainable living
climate change and global success is more likely if affordable solutions are offered, India has said at the United Nations «Summit of the Future». Addressing the summit in New York on Friday, Leela Nandan, secretary in the Union environment ministry, also said that climate change discussions often focus solely on emission reductions, but «we are more likely to succeed if we offer affordable solutions, not simply impose decisions». The Summit of the Future brings together world leaders, policymakers and other stakeholders to discuss global challenges and strengthen multilateral cooperation to tackle emerging threats. Citing an estimate by the International Energy Agency, Nandan said, «If we were to put our actions into the right context in terms of saving energy, saving water, reducing waste, reducing e-waste, adopting sustainable food systems, we would have reduced annual global emissions by 2 billion tons by 2030.»
16.09 / 11:57
markets Action awards reports Courts rights International Adani Group says press releases regarding presence in Kenya fake, warns of legal action
Adani Group on Monday clarified in a press release that the company or its subsidiaries had not issued any statement regarding Kenya. It said that multiple fraudulent press releases were circulating, including one titled 'Adani Group Denounces Baseless Accusations and Threats', regarding the Group's presence in the African country. The Group said that this was deceitful and urged everyone to «disregard these fake fraudulent releases completely». The release added that it would take legal action against anyone involved in spreading false narratives.
10.09 / 03:07
BLOCK Aviat Apple reports Courts Updates International Gautam Adani's plan to invest in Kenya’s largest airport blocked by court
Kenya's high court has temporarily paused a plan to transfer the management of Nairobi's main airport to India's Adani Group, as reported by the Financial Times.
04.09 / 11:22
UPS Food community DISH Fishing country Drought forces Kenya's Maasai and other cattle herders to consider fish and camels
The blood, milk and meat of cattle have long been the staple foods for Maasai pastoralists in Kenya, perhaps the country's most recognizable community
03.09 / 16:45
Aviat wellness stage social consequences 'Like in Sri Lanka and Bangladesh': Congress warns govt over protests in Kenya against Adani's airport deal
The Congress party today said that protests in Kenya over Adani Group's proposed takeover of Nairobi airport is a matter of grave concern as it could turn into anger against India. «The proposed takeover of Nairobi airport by the Adani Group has sparked widespread protests in Kenya. The Kenya Aviation Workers Union has called for a strike to protest. This is a matter of grave concern for India, as the non-biological prime minister's friendship with Adani is now world-famous. The ongoing protests there could easily turn into anger against India and the Indian government,» Congress leader Jairam Ramesh said in a post on social network X (formerly Twitter).
20.08 / 19:56
Citi Man Death President consequences Schools Traffic In Uganda's chaotic capital, boda-boda motorcycle taxis are a source of life and death
For tens of thousands of men in Uganda’s capital, driving a motorcycle taxi is a way to make a living
31.07 / 11:44
COST security Food President country social 2020 Nigerians are frustrated by economic hardship but authorities fear planned protests could turn ugly
Nigerians are planning nationwide protests this week against the country’s worst cost-of-living crisis in a generation
26.06 / 16:08
COST Williams Bill President show Courts Here's what led Kenyans to burn part of parliament and call for the president's resignation
Kenya’s president came to power by appealing to the common people, describing himself as a “hustler” and vowing relief from economic pain
07.06 / 15:37
Provident Sustainability Continental Election Trade track country India’s EXIM Bank opens East Africa office to boost business & trade in continent
Export-Import Bank of India (India Exim Bank) has recently inaugurated the East Africa Representative Office in Nairobi with an eye on expanding India’s business footprints in the resource rich and demographically young continent.
10.03 / 13:25
Williams Fighting security Southern President country Department US military airlifts embassy personnel from Haiti, bolsters security
U.S. military said on Sunday it has carried out an operation in Haiti to airlift non-essential embassy personnel from the country and added U.S. forces bolster embassy security, as Caribbean nation reels under a state of emergency. The operation was the latest sign of Haiti's troubles as gang violence threatens to bring down the government and has led thousands to flee their homes. «This airlift of personnel into and out of the embassy is consistent with our standard practice for embassy security augmentation worldwide, and no Haitians were on board the military aircraft,» the U.S. military's Southern Command said in a statement.
25.02 / 20:23
WhatsApp Trade poverty country International Civil society criticises proposed investment pact, WTO DG role
Civil Society Organisations Sunday said that there is no mandate for the adoption of the proposed agreement on investment facilitation for development (IFD) which is being negotiated by a group of members of the World Trade Organization (WTO), led by China. A WTO decision of 2004 prohibits negotiations on investment facilitation and efforts are on to bring the issue in through plurilateral means. Around 130 members support the pact. The US, Sri Lanka and Pakistan are also not part of this proposed pact. India and South Africa have opposed it as it neither has the WTO mandate or its members’ consensus and cannot be brought to the formal process in the WTO.
15.11 / 05:55
Provident Target FIVE Ball Dreams performer Cairns storm to Guptill's bullseye: Five instances when India faced NZ curse
India vs New Zealand clashes have always been filled with excitement and tension. Over the years, these matches have provided fans with nail-biting moments and unforgettable encounters. As we gear up for another high tension semi final clash between the two teams, let's take a look at some of the most thrilling India-New Zealand ODIs in the last four decades. 1985 Benson and Hedges Cup Semifinal at Sydney's SCG: India emerged victorious by 7 wickets.

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