Kenya and the European Union have edged closer to finalizing a groundbreaking Economic Partnership Agreement, paving the way for Kenya’s exports to enjoy tariff-free status and unrestricted entry into the EU market. This significant development, marking the culmination of seven months of negotiations, was officially announced on Monday. The draft deal, inked by both parties […]
As the year draws to a close, it’s a natural time for reflection—a moment to assess the milestones achieved, the challenges overcome, and the lessons learned in our professional journeys. Officephase understands the importance of this introspective period, and as a beacon of support for professional development, we invite you to embark on a journey […]
Kenya is actively seeking strategies to realign its budget deficit for the current financial year with its original target, following a setback caused by a depreciation in its currency, as per a statement from a finance ministry representative on Wednesday. In late October, the government of the East African nation adjusted its expenditure plans for […]
In a riveting turn of events, ministers from nearly 200 nations reached a groundbreaking agreement on Wednesday, outlining a visionary shift away from fossil fuels. This momentous decision comes on the heels of a previous proposal that faced widespread criticism. The UAE Consensus, as it’s been dubbed, marks an unprecedented commitment to transition from all […]
Kenya is set to revolutionize global travel starting January, with President William Ruto unveiling a groundbreaking initiative. Forget the hassle of visa applications – an innovative digital platform will grant international visitors electronic travel authorization in advance. During a celebratory event in Nairobi, marking 60 years of independence, Ruto declared an end to the era […]
Kenya Airways is cautioning its passengers to brace themselves for potential disruptions to their holiday travel plans this Christmas season. The airline, a major player in Africa, has cited shortages of crucial spare parts, which are affecting the global supply chain, and expects flight schedules to be impacted for approximately two weeks. In a statement […]
Kenya’s central bank took a bold step last week on Tuesday, announcing a significant interest rate hike in a bid to stabilize the struggling shilling currency (KES= USD 0.0065). The currency’s depreciation has not only triggered inflationary pressures but also hampered foreign investment and impacted debt-servicing. The Central Bank of Kenya raised its policy rate […]
Shell is eyeing a golden opportunity worth $5 billion in offshore oil investment in Nigeria, with an additional commitment of $1 billion over the next five to ten years to enhance natural gas production for both domestic use and exports. The announcement came from a presidential spokesperson on Thursday, revealing insights from Shell’s director of […]
Get ready for a climate action extravaganza! COP28 is poised to catapult the climate-health nexus into the global spotlight, giving health the VIP treatment in the fight against climate change. The much-anticipated Health Programme is currently in the works, and juicy details are on the way. But that’s not all – brace yourself for the […]
Buckle up, because Aliko Dangote, the powerhouse behind Dangote Group, is gearing up to set the Nigerian Exchange (NGX) ablaze with a sizzling $20 billion entry! Hold onto your hats as Dangote Petroleum Refinery is set to make its grand debut on the trading floor in December, boasting a production juggernaut of 350,000 barrels per […]
