City Nairobi Financial News

07.11 / 12:55

Reuters economy Remark Fitch President social IMF to increase Kenya programme by $650 million, presidential adviser says

By Duncan Miriri and George Obulutsa

01.11 / 15:33

Target Progressive Fighting country social shock Somalia, IMF reach preliminary deal on $100 million in new funding

NAIROBI (Reuters) — International Monetary Fund (IMF) staff on Wednesday reached a preliminary agreement with Somalia that will allow for the release of $100 million in funding under a new 36-month credit programme, the fund said.

25.10 / 08:25

Target Remark WhatsApp reports prevention India warns Pakistan's reference to Kashmir on Israel-Gaza conflict with ‘contempt they deserve’

PTI reported. Earlier, during the Security Council meeting, US Secretary of State Antony Blinken emphasized that all acts of terrorism, whether carried out by organizations like Lashkar-e-Taiba based in Pakistan or by Hamas, and regardless of the locations they target such as Mumbai or Kibbutz Beeri, are considered unlawful and unjustifiable.

10.10 / 10:59

Lowe's Progressive economy Coherent country outbreak gatherings IMF, World Bank meetings begin but what’s on the agenda?

The annual meetings of the International Monetary Fund and World Bank kick off this week against a backdrop of escalating global conflict and debt distress.

05.10 / 07:47

FIVE Aviat Airlines economy Metro country travelers Uganda Airlines plans direct flights to Delhi and Chennai

New Delhi: In a bid to strengthen direct connectivity between India and Uganda, the state carrier Uganda Airlines plans to offer direct flights to Delhi and Chennai. The move aims at tapping the demand potential across the Indian community with trade links in Uganda along with leisure traffic, a senior executive at the airline told Mint in an interaction. The airline will launch its first direct flight with the Indian market on 7 Oct with a direct flight between Mumbai and Entebbe.

02.10 / 13:17

COST MET Booking Metro Adventure travelers Travel Truths: Snapdeal boss Rohit Bansal feels that touring helped him face challenges fearlessly & live in the moment

Rohit Bansal, co-founder of Snapdeal and Titan Capital, on what travel has taught him.

02.10 / 04:11

Crypto regulations Worldcoin Kenyan Authorities Accuse Worldcoin of Espionage and Statehood Threats

Kenyan authorities have accused Worldcoin of engaging in acts of espionage and posing a threat to the country's statehood.

28.09 / 19:47

COST UPS Corning country reports medicines Food prices are rising as countries limit exports. Blame climate change, El Nino and Russia's war

Restrictions on food exports are spilling over from rice and wheat to other essentials

28.09 / 14:41

COST UPS Corning country reports medicines Food prices are rising as countries limit exports. Blame climate change, Russia's war

Restrictions on food exports are spilling over from rice and wheat to other essentials

28.09 / 05:31

COST UPS Corning country reports medicines Food prices are rising as countries limit exports. Blame climate change, El Nino and Russia's war

This question is playing out in households around the world as they face shortages of essential foods like rice, cooking oil and onions. That is because countries have imposed restrictions on the food they export to protect their own supplies from the combined effect of the war in Ukraine, El Nino’s threat to food production and increasing damage from climate change. For Caroline Kyalo, a 28-year-old who works in a salon in Kenya's capital of Nairobi, it was a question of trying to figure out how to cook for her two children without onions.

26.09 / 10:13

UPS Booking Aviat CEO Airlines track Affordable airfare to remain one of IndiGo's fundamental pillars: Pieter Elbers, CEO

Pieter Elbers, CEO, IndiGo, tells ET Now about the airline's plans going forward. Edited excerpts:ET Now: Give us an idea of the airline's expansion strategy...Pieter Elbers: Over the past five-six weeks we have added new flights from Mumbai, we have started operations from Mumbai to Nairobi. We have started Mumbai to Jakarta and as recently as this weekend we have launched flights from Delhi to Tashkent and Almaty. So we have expanded from a little over 20 destinations to 32 now.

22.09 / 18:01

Aviat Aware CEO Airlines Strategy economy travelers Customers IndiGo is becoming a global airline, will also develop own catering products for intl customers: CEO Pieter Elbers

India market share is one of the highest for any airline in a domestic market across the world. But its larger strategy now is becoming a more global airline from a purely domestic one, Pieter Elbers, who was brought in as chief executive last year from Air France-KLM, tells Arindam Majumder. Edited excerpts:Q. It has been a year of aggressive expansion adding international destinations where Indians hardly travelled before. Are those yielding money? A: It is a strategy that we launched a year ago — that we build our own network, develop partnership, and expand connectivity.

04.09 / 12:22

UPS Williams Progressive Mobile Continental country blues Carbon Credits Hundreds of millions pledged for African carbon credits at inaugural climate summit

By Duncan Miriri

28.08 / 14:47

UPS Airlines Mumbai Mumbai hotel fire claims life of soon-to-wed NRI Gujarati couple

Three persons were killed in a fire in a Mumbai-based hotel on Sunday. Among them were NRIs 28-year-old Kishan Halai and his 25-year-old fiancee Rupal Vekaria, who were supposed to get married in Nairobi. The fire occurred on the third floor of the ground-plus-four-storey Galaxy Hotel in suburban Santacruz on Sunday afternoon.

28.08 / 07:25

FIVE Cooper Kenya's Defence Secretary arrives in India, will hold talks with Rajnath Singh

Kenya's Cabinet Secretary for Defence, Aden Bare Duale, arrived in New Delhi on Monday on a three-day visit to India. During his stay in India, he will hold talks with his Indian counterpart, Defence Minister Rajnath Singh, on Tuesday. The visiting dignitary is expected to visit Indian shipyards and defence industries in Goa and Bengaluru, according to the statement released by the Ministry of Defence. This is the maiden visit of Cabinet Secretary Duale to India and the highest-level stand-alone political visit from Kenya since the new government assumed office in September 2022. «The visit is indicative of the importance India attaches to its relations with African nations and the growing cooperation between India and Kenya, in particular.

23.08 / 17:43

Facebook Platform show country social Kenyan court orders mediation in Meta labour dispute

NAIROBI (Reuters) -A Kenyan court has given Facebook (NASDAQ:META)'s parent company Meta and content moderators suing it for unfair dismissal 21 days to resolve their dispute out of court, a court order showed on Wednesday.

21.08 / 04:37

COST FIVE Waters Extreme Gap country Global food security is at crossroads as rice shortages and surging prices hit the most vulnerable

Countries worldwide are scrambling to secure rice after a partial ban on exports by India cut global supplies by roughly a fifth

09.08 / 11:13

UPS Dash Man Fighting Strategy band country coup One of America’s Favorite Generals Leads the Niger Coup

NAIROBI—American military commanders were dismayed last month when a clique of top army officers seized power in Niger, the U.S.’s main ally in the fight against Islamist militants in West Africa. What stung perhaps most sharply were televised images of one particular man, Brig. Gen.

07.08 / 15:03

Citizens CEO country Eyeball Scanning Crypto Project Worldcoin Warehouse Raided by Kenyan Police

Worldcoin, the eyeball-scanning crypto project launched by OpenAI founder Sam Altman, is under increased scrutiny in Kenya, as local police reportedly raided the project’s warehouse in Nairobi, in search of data.

03.08 / 04:09

UPS Provident Digital Platform Enterprise country Kenya suspends Worldcoin crypto over privacy concerns

crypto project that relies on an eye scan to verify a user's identity, citing concerns about data protection. Worldcoin, set up by OpenAI chief executive Sam Altman, began operating in June in Germany and provides users with a private digital identity — a "World ID" — after they get their eye's unique iris pattern scanned. The project, according to its founders, aims to solve one of the main challenges facing the crypto industry that largely relies on pseudonyms to operate, leaving it vulnerable to spam bots and scams. Users who registered with the project in Kenya were offered 25 free Worldcoin tokens worth about 7,000 shillings ($45), drawing thousands of people to multiple sign-up points in the capital Nairobi.

02.08 / 10:13

regulation Worldcoin Kenya Suspends WorldCoin Operations, Launches Investigation For Collecting Public Data

The Ministry of Interior of Kenya has suspended the operations of Sam Altman’s WorldCoin and launched an investigation into the company for collecting public data.

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