Kenya Development Corporation publishes new financing strategies to ease access to credit, support business  

Kenya Development Corporation publishes new financing strategies to ease access to credit, support business  

KDC Director General Norah Ratemo said the corporation had introduced several measures to address challenges faced by investors and improve customer experience.

Read more
Trump administration allows Anthropic to grant access to its most advanced AI model to select US firms and state agencies

Trump administration allows Anthropic to grant access to its most advanced AI model to select US firms and state agencies

The US government has eased the restrictions it imposed on Anthropic’s most advanced AI model, Claude Mythos 5, allowing the company to grant access to more than 100 US organisations, including large corporations and government agencies. In a letter to Anthropic’s co-founder and chief compute officer Tom Brown obtained by...

Read more
Race to AI dominance: China outpaces US, builds world’s fastest supercomputer claim top spot in TOP500 ranking

Race to AI dominance: China outpaces US, builds world’s fastest supercomputer claim top spot in TOP500 ranking

With a power consumption of approximately 42.2 megawatts, the Chinese supercomputer delivers 2,198 exaflops – meaning it can perform more than two quintillion operations per second.

Read more
While Kenya’s economy is progressively attractive to African banks, high public debt and non-performing loan volumes scare investors

While Kenya’s economy is progressively attractive to African banks, high public debt and non-performing loan volumes scare investors

Nedbank agreed earlier this year to acquire a majority stake in Kenya’s NCBA as ‌part of ⁠its regional expansion, beating South African rival Standard Bank, which operates in Kenya as Stanbic, to the prize, Kenyan banking officials said.

Read more
China’s zero-tariff policy on African agricultural exports cements centuries-old relations between the two blocs, AU chair says

China’s zero-tariff policy on African agricultural exports cements centuries-old relations between the two blocs, AU chair says

Effective May 1, China has implemented a zero-tariff policy on products from 53 African countries with which it maintains diplomatic relations, an expansion from the zero-tariff treatment for 100 percent tariff lines from 33 countries in Africa with which it has diplomatic relations, including Burundi, since December 1, 2024.

Read more
Pastoralists in four northern Kenya counties land $5m from carbon credit after one-year delay over integrity, transparency issues

Pastoralists in four northern Kenya counties land $5m from carbon credit after one-year delay over integrity, transparency issues

In 2024, the county governments of Isiolo and Samburu each received Ksh11 million as levies from conservancies, an increase from Ksh9 million in 2022.

Read more
Chief architect of lab manufacture of Covid risks perjury charges as Senate Homeland Security Committee issues subpoena to testify

Chief architect of lab manufacture of Covid risks perjury charges as Senate Homeland Security Committee issues subpoena to testify

In an interview with Semafor, Paul said he will also ask Fauci about the destruction of federal records and about the pre-emptive pardon former President Joe Biden granted him last year. The pardon shields Fauci from federal prosecution for his official acts dating back to 2014.

Read more
Ministry tells world Connecting Codes Conference in Nairobi Kenya places emphasis on ethical use of Artificial Intelligence

Ministry tells world Connecting Codes Conference in Nairobi Kenya places emphasis on ethical use of Artificial Intelligence

Representing the Cabinet Secretary for Gender, Culture and Children Services, Principal Secretary for Department of Culture, Arts and Heritage Ummi Bashir, reaffirmed the government’s commitment to inclusive digital transformation.

Read more
Noodled China: Matcha boom turns Guizhou tea into new growth ingredient in the mountainous Guizhou Province

Noodled China: Matcha boom turns Guizhou tea into new growth ingredient in the mountainous Guizhou Province

In May, a sweet potato instant noodle product from Sinan County in Tongren became a consumer hit after adding a matcha flavour to its traditional sour-and-spicy formula. Made mainly from local sweet potatoes and blended with matcha powder produced in Tongren, the product kept its familiar spicy-sour taste, while using matcha’s fresh aroma to cut through greasiness.

Read more
Summer Davos forum in Dalian city shines spotlight on China’s innovation-led road to world economic growth

Summer Davos forum in Dalian city shines spotlight on China’s innovation-led road to world economic growth

This year’s Summer Davos, held under the theme of “Innovating at Scale” from June 23 to 25, has brought together over 1,700 participants from more than 90 countries and regions to discuss ways to scale innovation into better jobs, stronger economies and new growth opportunities.

Read more