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  • Global employment fails to return to pre-crisis levels, says OECD

    April 11, 2017 12:06 PM 1

    Employment levels in the world's most developed economies are yet to return to pre-crisis norms, despite displaying "stable" growth, according to new data from the Organisation for Economic Co-operation and Development (OECD). The unemployment rate across the OECD's 35 member countries was "stable" at 6.1 percent in February 2017, but still remains approximately

  • United Airlines: Passenger forcibly removed from flight

    April 10, 2017 8:15 PM 1

    Videos showing a man being violently removed from a United Airlines flight have provoked an outcry on social media. The footage taken inside the airliner shows a man being violently pulled out of his seat and dragged down the aisle as passengers prepared to take off from Chicago to Louisville on Sunday evening. The airline in question - United - has tweeted

  • Kenya catches the eye of the world’s super rich

    April 10, 2017 7:55 PM 2

    Kenya emerged as the third most preferred travel destination by the High Net-Worth Individuals (NHWI) in Africa last year, beating world famous Mauritius and Seychelles. The Afrasia New World Wealth report released on Monday indicates that Kenya hosted 4,000 multi-millionaires last year while Morocco accommodated 5,000 and South Africa 15,000. Botswana

  • You can now pre-order Huawei P10 in Kenya

    April 10, 2017 12:27 PM

    NAIROBI, KENYA: Huawei Mobile Kenya has announced that its premium Huawei P10 is now available for local pre-order. General Manager Mark Hemaobin said the P10 is set to arrive in May. Originally unveiled at the Mobile World Congress in Spain, Huawei P10’s pre-order went live on Monday and will end on April 30. "The P10 is an even more sophisticated flagship

  • Marriott opens first hotel in Nairobi, two more in the pipeline

    April 10, 2017 11:04 AM

    DUBAI, United Arab Emirates, Apr 10 – Marriott International has announced its first property in Kenya with the opening of Four Points by Sheraton Nairobi, formerly Best Western Hotel. The 95 room hotel is located in the upmarket suburb of Hurlingham, close to the city center and within easy access from the surrounding business areas of Westlands, Kilimani

  • South Africans cautioned against over indebtedness

    April 10, 2017 10:45 AM 3

    Political Economist Lebohang Pheko says South Africa’s growth rate has been extremely sluggish for the last five quarters. This comes as Fitch also downgraded South Africa's foreign and local currency ratings. Speaking on AM Live Pheko says SA’s rate has almost been at a stage of “no growth”. “The almost "no growth" briefly changed over the past 12 months

  • Kenya towers over Africa with largest retail shopping space

    April 9, 2017 6:43 PM 3

    Nairobi has the highest available retail space in malls across sub-Saharan Africa in a development that has kept rent in the high-end shopping centres stagnant over the past two years, a survey shows. Knight Frank Africa in a report highlighting real estate trends in the continent says Nairobi retail space in malls stood at nearly 500,000 square metres

  • Twitter: US backs down on seeking anti-Trump user records

    April 7, 2017 6:53 PM 1

    NEW YORK — The U.S. government has dropped its request for Twitter to produce records that could identify users behind an account opposed to President Donald Trump, the company said Friday. As a result, Twitter is withdrawing a federal lawsuit that challenged the government's request. On Thursday, Twitter charged that efforts by the government to "unmask"

  • China’s wine imports drop in early ’17

    April 6, 2017 1:44 AM 1

    Bottled wine imports dropped 1.12% year-on-year in volume to 75.3 million litres while value decreased by a further 7.81% to US$353.2 million compared with the same period last year. Sparkling wines continue to slide, dipping 14.79% in volume and 14.01% in value. Bulk wine is the only category that saw robust growth. From January to February, China imported

  • M-Akiba bond hits target with 5000 buyers

    April 5, 2017 7:39 PM 2

    Only 5,692 investors bought the debut phone-based bond worth Sh150 million whose sale closed yesterday, having met the target ahead of time. Data from the National Treasury showed that 102,632 people registered on the M-Akiba mobile phone bond platform, but only 5.5 per cent of them actually invested in the inaugural digital paper. Individual investors