(KYIV, UKRAINE) – Applications have opened for technology competitions under the European Union’s flagship grant programme BraveTech EU. The competitions, called DefTech Forges, are aimed at defence companies. Ukraine’s Ministry of Defence announced the opening. The competitions are a series of offline events for selected defence startups. They will competeContinue Reading
(WASHINGTON, USA) – The United States would lose about 214,000 jobs next year if it fails to extend its free trade agreement with Canada, according to a report by Oxford Economics prepared for the Canadian American Business Council. Canada would lose 102,000 jobs in the same period. The combined jobContinue Reading
(NOVOROSSIYSK, RUSSIA) – Two of Russia’s largest grain terminals in the southern port of Novorossiysk have suspended operations following a night attack by Ukrainian drones. Reuters reported the suspension citing four industry sources. Russia is the world’s largest wheat exporter. Most of that export flows through its Black Sea ports,Continue Reading
(NAIROBI, KENYA) – Kenya Airways ranked among the bottom 10 airlines globally for punctuality in July, the world’s busiest month for air travel. Its low cost subsidiary Jambojet was among the best 10 performers. The contrast could add pressure on the national carrier as it seeks to improve its competitiveness.Continue Reading
(NAIROBI, KENYA) – Pension fund returns fell to 18.2 percent in the 12 months to June 2026 from 29.4 percent a year earlier. The decline came as performance of fixed income securities dipped on lower interest rates and flat bond prices. Funds administrator Zamara says the average return from fixedContinue Reading
(NAIROBI, KENYA) – Nine small stocks at the Nairobi Securities Exchange have shed KES 2.25 billion in valuation this year. That is equal to $17.4 million or £13.7 million at current exchange rates. The losses run against the general market rally that has handed investors in other companies KES 1Continue Reading
(NAIROBI, KENYA) – The Kenya Revenue Authority has been blocked from demanding taxes on service charge collections by building and estate managers. The ruling follows a four year dispute with Nextgen Mall Management Company. The Tax Appeals Tribunal ruled that Nextgen Mall Management Company only handled funds as a conduitContinue Reading
(NAIROBI, KENYA) – Co-operative Bank of Kenya has posted a 28 percent growth in net profit to KES 18.02 billion in the first half of the year ended June 2026. The growth was driven by increased interest and non-interest income. The profit figure is equal to $139 million or £109Continue Reading
(NAIROBI, KENYA) – The High Court has declined to lift the suspension of Tata Chemicals Magadi Limited’s mining operations. The suspension stems from a licensing and compliance dispute with the government. The court said the suspension imposed by Mining Cabinet Secretary Hassan Joho on 28 July 2026 had already takenContinue Reading
(NAIROBI, KENYA) – Kenyan cryptocurrency startups are considering moving their operations abroad. The move follows new minimum capital requirements that founders say are beyond the reach of many early stage firms. At least five startup founders who spoke to media said they are considering registration in South Africa or Mauritius.Continue Reading
