The distribution of products in the most popular category remained consistent, with digital and household appliances being the leading product category The sales volume of Russia’s e-commerce in 2023 increased by 28% year-on-year and reached around 6.4 trillion rubles ($70.34 bn), the press service of the Russian Association of Internet Trade Companies told TASS news agency. “The volume of online trade in Russia reached 6.359 trn rubles in 2023, an increase of 28% over the previous year,” the association said. In particular, 3.1% or 197 bn rubles ($2.16 bn) of this volume came from the cross-border market, while the share…
Author: NBM CORRESPONDENT
Ms Mulili is the first female to become the UBA Kenya’s managing director and chief executive officer, an indication that the lender is home with gender diversity and inclusivity to elevate women into leadership roles. UBA Kenya has appointed Ms. Mary Mulili as its new managing director and chief executive, effective January 19, 2024, subject to regulatory approval. An old hand, having served as an executive director, she will steer the bank at a crucial time as she is intended to focus on sustainable banking practices while ensuring that every initiative contributes to positive and lasting impacts on the lives…
The approval will enable the Nairobi Securities Exchange (NSE) to offer a secondary market that combines both onscreen and Over-the-Counter (OTC) trading of fixed income securities. The NSE is set to operationalise a hybrid fixed income market after the Capital Markets Authority approved the amendments to its Fixed Income Trading Rules. In a statement issued on Wednesday, February 7, 2024, NSE said the hybrid model will not only lead to more informed trading, but also improve pre-trade transparency through the introduction of a Quotations Board, which will provide investors with increased visibility into market quotes. It also plans to launch…
The government has registered a milestone after procuring 50 new wagons to bolster the operations of the Madaraka Express freight service. According to the Roads and Transport Cabinet Secretary Kipchumba Murkomen, a second shipment of 250 wagons was loaded at the Tianjin port in China in late January and is expected to arrive this month. “Today we received 50 new wagons to facilitate the operations of the Madaraka Express freight service. This is a key milestone for Kenya and the region as we seek to improve rail services and efficiency,” Murkomen told KBC. In his speech, the CS noted that…
Registration certificates and licenses of nine private security companies have been cancelled by the Private Security Regulatory Authority (PSRA) over non-compliance. PSRA said in a notice that the firms, that include Victory Protective Services Africa Limited, Victory Consultants Limited, Bedrock Security Services Limited, Bedrock Security Alarms Systems and Product Limited and Senaca East Africa Limited, have breached four regulations of the Private Security Regulation Act No. 13 of 2016. Others are Hipora Security Solutions Limited, Salama Fikira International (Kenya) Limited, Marco Security Limited and Superb Marketing Solutions Limited. Besides violating the terms and conditions attached to their certificates of registration…
Tech firm, Apple has surpassed Microsoft, Google, and Amazon as its brand worth increased by 74% in 2023, hitting $517 bn.
Robots can be used to greatly reduce the amount of time needed to perform extravehicular space activities, Yevgeny Dudorov, executive director of the Android Technics research and production association, told TASS news agency in an interview.
Kenya Electricity Generating Company (KenGen) has received accreditation for its Calibration Centre laboratory from Kenya Accreditation Service (KENAS) to offer testing services to the public and industries. The accreditation is expected to not only contribute to KenGen’s financial sustainability, but also position the company as a leader in calibration services regionally and globally. This is part of the company’s business diversification strategy towards boosting its revenues by leveraging on its expertise and experience. The calibration centre is based at KenGen’s Upper Tana power station consisting of three laboratories that offer calibration services for Electrical, Pressure and Temperature calibration to KenGen…
Hosts Côte d’Ivoire put a disastrous group campaign behind them on Monday to beat defending champions Senegal 5-4 on penalties and book an Africa Cup of Nations (AFCON) quarter-final against Mali or Burkina Faso. A last-16 thriller ended 1-1 after extra time with Habib Diallo scoring after four minutes for Senegal and Franck Kessie equalising off a penalty four minutes from the end of regular time in Yamoussoukro. Kessie was the shootout hero, converting the decisive kick after Moussa Niakhate had struck the post with the third Senegalese penalty. Senegal became the seventh consecutive holders to fall victim to a…
The event was part of an initiative by the Mexican Association of Bullfighting to attract new followers for the centries-old tradition of bullfighting by educating young people about the different activities that surround the breeding of fighting bulls. By AP The corral gate swings open and an energetic calf charges in, only to be wrestled to the ground and immobilized by having its legs tied. The men go to work vaccinating the calf and marking its number with a burning iron on its back. It happened in one of the sessions of a workshop that José Arturo Jiménez gave this…