power bank Stories

Power banks: How to use and care for your portable lifeline safely
Margaret Wanjiru  |  Jun 26, 2025

Counterfeit or cheap knock-offs often lack essential safety features, and reports of power banks overheating or catching fire have increased in recent...

Ethiopia unlocks banking sector to foreign investors in landmark reform
Bashir Mbuthia  |  Jun 26, 2025

The directive permits foreign entities to establish subsidiaries, branches or representative offices in Ethiopia's previously closed banking system. I...

Kenya moves closer to crypto regulation as MPs back joint oversight of digital asset sector
Maureen Kinyanjui  |  Jun 26, 2025

The National Assembly’s Finance Committee has recommended that five government agencies jointly supervise virtual asset service providers (VASPs), mar...

World Bank: Poverty reduction in Africa stalls as widening inequality slows economic progress
Alfred Onyango  |  Jun 25, 2025

The report notes that Africa has seen little improvement since the mid-2010s, with the region now home to more than 60 per cent of the world’s extreme...

African leaders urge US to ramp up investment, rethink tariffs
Alfred Onyango  |  Jun 25, 2025

Senior State Department Bureau Official Troy Fitrell said there are business leaders in the US who need to understand the opportunities that lie in do...

World Bank: Africa remains biggest development challenge despite 25 years of progress
Alfred Onyango  |  Jun 24, 2025

The World Bank adds that in the early 2000s, Africa enjoyed strong economic growth driven by high commodity prices and a surge in foreign capital infl...

Ethiopia nears milestone in tobacco control - WHO
Bashir Mbuthia  |  Jun 24, 2025

Ethiopia is among seven countries that are just one step away from fully implementing the World Health Organisation's (WHO) MPOWER tobacco control str...

Kenya bans 77 pesticides, restricts 202 in major agrochemical crackdown
Lucy Mumbi  |  Jun 23, 2025

Among those banned are some of the world’s most controversial and toxic chemicals, such as 2,4,5-T, a herbicide long associated with severe environmen...

Government contractors, suppliers risk ban if not registered on e-procurement portal by July 1
Lucy Mumbi  |  Jun 22, 2025

KURA stated that the directive is in line with a presidential order and supports ongoing public finance management reforms aimed at digitising and str...

Senate orders crackdown on governors, MCAs over use of public funds for self-promotion
Lucy Mumbi  |  Jun 22, 2025

The petitioner, Laban Omusundi of the Grassroots Civilian Oversight Initiative, decried the widespread branding of county-funded projects and vehicles...

KCB boss Paul Russo elected chairperson of Kenya Bankers Association
Rachael Mutabasi  |  Jun 21, 2025

Russo succeeds NCBA Group Managing Director John Gachora, who had served in the position since June 2021.

Report questions AGOA’s effectiveness as deadline nears, extension talks continue
Alfred Onyango  |  Jun 21, 2025

While countries such as South Africa, Kenya, and Lesotho have benefited from preferential access under the scheme, Afreximbank notes that the recent i...

Tanzania seeks dialogue with US over potential travel ban
Bashir Mbuthia  |  Jun 18, 2025

Reports indicate that the draft list of countries being considered for travel restrictions by the US includes 26 African states as well as nations fro...

Foreign direct investment inflows to developing nations fall to 18-year low, threatening job growth - report
Alfred Onyango  |  Jun 18, 2025

FDI inflows to emerging markets and developing economies (EMDEs) have weakened steadily as a share of their GDP since the global financial crisis

CBK extends operating hours for high-value transactions by four hours, starting July 1
Alfred Onyango  |  Jun 18, 2025

New operating window will span from 7:00 am to 7:00 pm on all business days, four hours longer than the current schedule of 8:30 am to 4:30 pm.

Bleak outlook as CBK reveals one in three firms won’t hire in 2025
Maureen Kinyanjui  |  Jun 18, 2025

Data from the Kenya National Bureau of Statistics shows that 782,300 new jobs were created in 2024, a drop from 848,100 the year before.

Uganda, Tanzania among 36 nations facing possible new US travel restrictions
Bashir Mbuthia  |  Jun 16, 2025

Reports indicate that the draft list includes 26 African countries as well as nations from the Caribbean, Central Asia and the Pacific Islands.

Khartoum before the war: The public spaces that held Sudan's capital city together
The Conversation  |  Jun 15, 2025

In Sudan, conflict, displacement, and economic instability have further disrupted governance and reshaped the spatial fabric of urban life.

Affordable housing drive boosted as housing receives Sh128.3 billion in 2025/26 budget
Rachael Mutabasi  |  Jun 12, 2025

Mbadi underscored the government’s unwavering commitment to addressing the country’s housing deficit and improving urban infrastructure.

Controller of Budget uncovers 3,431 commercial accounts in counties
Maureen Kinyanjui  |  Jun 12, 2025

The counties with the highest number of accounts are Nakuru, Baringo, Machakos, and Embu, all running over 200 accounts each.

Kenya's loan defaults hit 20-year high as economic woes deepen
Maureen Kinyanjui  |  Jun 12, 2025

According to the CBK, the ratio of non-performing loans (NPLs), those unpaid for over 90 days, rose to 17.6 per cent by June 2025, up from 17.4 per ce...

World Bank raises poverty line to $3 a day, pushing millions into ‘extreme poverty’ category
Alfred Onyango  |  Jun 12, 2025

Ideally, this means a person will now be considered poor if he or she lives on less than $3.00 per day, up from the previous $2.15.

World Bank downgrades Kenya's GDP growth to 4.5 per cent in June projection
Alfred Onyango  |  Jun 11, 2025

The projection also represents a significant cut from its earlier forecast of 5.0 per cent growth made in January.

Afreximbank issues first Panda bond, raises Sh39.1 billion in Chinese market
Lucy Mumbi  |  Jun 10, 2025

The Bank’s successful entry into China’s Interbank Bond Market followed rigorous regulatory and approval processes for Panda bond issuances.

CBK cuts lending rate to 9.75 per cent as inflation eases
Lucy Mumbi  |  Jun 10, 2025

According to CBK, Kenya’s overall inflation dropped to 3.8 per cent in May 2025, down from 4.1 per cent in April, remaining below the mid-point of the...

World Bank approves Sh38.9 billion to boost Tanzania’s disaster preparedness
Bashir Mbuthia  |  Jun 09, 2025

The initiative, comprising three key pillars, aims to strengthen Tanzania's economic resilience and enhance its technical, financial and institutional...

Police rescue 13-year-old girl abducted in Baringo
Lucy Mumbi  |  Jun 08, 2025

The incident had sparked panic in the volatile region, as residents said such a kidnapping had never occurred before.

Hospitals threaten to shut surgical theatres over six-month SHIF payment delays
Lucy Mumbi  |  Jun 08, 2025

RUPHA has revealed that nearly six months after performing critical surgeries between April and May, many hospitals have yet to receive reimbursements...

Kenya’s forex reserves hit historic $10.59 billion, buoyed by remittances and strong shilling
XINHUA  |  Jun 07, 2025

The reserves have been on an upward trend since March, when they surpassed the 10-billion-US-dollar mark.

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