Bank of Tanzania Eases Policies to Promote Economic Growth
The Bank of Tanzania has announced a significant relaxation of Bureau de Change regulations to strengthen the formal financial system and address the dollar shortage in Tanzania.
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German fund Provides Ksh42bn Grants for African Hydrogen Projects
Germany’s Power-to-X Development Fund (PtX) is offering a €270 million grant to boost hydrogen production in select countries, including Kenya.
OpenAI Debuts ‘Sora,’ AI Model Converting Text to Video
OpenAI unveils ‘Sora,’ a cutting-edge software translating text into captivating videos, catering to both red teaming for AI system flaw identification and creative endeavors for visual artists and filmmakers.
IMF Urges Zimbabwe to Accelerate Currency Reforms for Market Stability
The International Monetary Fund emphasizes the need for Zimbabwe to swiftly implement currency reforms, aiming to establish a market-driven exchange rate system and rectify economic distortions.
EPRA Reduces Petrol , Diesel , and Kerosene Prices by Sh1
The Energy And Petroleum Regulatory Authority (EPRA) lowers fuel prices in Nairobi, with petrol, diesel, and kerosene witnessing a decrease of Sh1 per litre.
Kenyan Shilling Records Its Biggest One-day Surge in 12 Years
The Kenyan shilling surged to its highest level in 12 years against the US dollar following significant inflows from the government’s $2 billion Eurobond repayment, instilling investor confidence.
Glovo Collaborates with Pizza Inn to Broaden its Customer Base
Glovo, the multi-category app, has forged a strategic partnership with Pizza Inn, offering Kenyan customers an extensive menu of pizza flavors and other delicious options delivered within …
CFAO’s Strategy Enhances Kenya’s Market Share in New Vehicles Sales
CFAO Motors Kenya’s strategic initiatives, bolstered by recent mergers and consolidation efforts, have led to sustained market share growth, particularly in the general vehicle segment.