The government has expressed commitment to reduce the country’s budget deficit from the current 7.7% in 2018/2019 to a low of 3.4% in the 2020/2021 fiscal years. According to the Principal Secretary of the National Treasury and Planning Dr. Julius Muia, the government intends to
Oil prices rose on Thursday as investors banked on more economic stimulus by China after weak PMI data, partly recovering from losses in the previous session on a surprise build in U.S. crude stocks. Brent crude futures were up 24 cents, or 0.4%, at $60.85 a barrel by 0221 GMT,
China’s three state telecoms on Thursday announced the roll-out of 5g mobile phone services, marking a key step in Beijing’s ambitions to become a technology superpower at a time when it remains locked in trade tensions with Washington. China mobile’s, China Unicom and China telecom’s said on their websites and
Fiat Chrysler and Peugeot’s owner PSA said on Thursday they would join forces through a 50-50-share swap to create the world’s fourth-largest automaker. The boards of the two groups have mandated their respective teams to finalize discussions and reach a binding memorandum of understanding in the coming weeks, the two
Medical experts from the World Health Organisation (WHO) say it could take years before the immunity of Ebola survivors could be understood. This follows a worrying incident among WHO where a patient from Congo, who was once an Ebola survivor died, challenging the accepted medical theory that survivors
Kenya’s economy is likely to expand by 6.0% next year, rising from projected growth of 5.8% this year, due to a favourable weather outlook, the World Bank said on Thursday. East Africa’s biggest economy has grown by an average of more than 5% in the last five years,
Twitter CEO Jack Dorsey said on Wednesday that the platform will ban all political advertisements starting November 22. According to Dorsey, it is in the platform’s belief that all political messages reach should be earned not bought. "We’ve made the decision to stop all political advertising on Twitter
White maize traders have increased the price of a 90-kg bag of maize from current Ksh3,700 to Ksh4,000. The hike has been attributed to the shortage bite on the importation of the commodity from Tanzania and Uganda. According to a local daily’s report, traders had been hoarding their stocks,
County governments are yet to pay Kenya Medical Supplies Authority (KEMSA) Ksh2.4 billion for medicine supplied this year. While appearing before the Senate ad hoc committee on medical equipment services, KEMSA CEO Dr. Jonah Manjari said Counties have been getting the medicines on credit. He also said that
Over 40 people have been confirmed dead in Western Cameroon due to a landslide that was experienced in the overnight of Tuesday. Rescue teams spent the day scouring the rubble of destroyed houses in the town of Bafoussam in the western highlands. Among the bodies recovered were those
