By Daisy Okanga | Burundi’s former First Lady Denise Bucumi Nkurunziza is said to have been admitted at The Aga Khan University Hospital, in Nairobi after she allegedly contracted Coronavirus.
Mrs Nkurunziza was flown aboard AMREF plane registration
5Y-FDP on Thursday at around 10 am according to
Equity Group Holdings profit after tax for the first quarter
2020 plummeted 14%, due to a tenfold increase in loan loss provision.
According to the lender’s financial results released on
Wednesday, bad loans provision ballooned to Ksh3 billion from Ksh300 million
the previous year, slashing net profit to Ksh5.3
Three quarters of all small and medium enterprises (SMEs)
which accounts to 75 percent are likely to collapse as the country fights to
survive through the coronavirus pandemic.
The SMEs according to Central Bank of Kenya (CBK) are likely
to head that route by end of June as due
The board of directors of equity group holdings plc has withdrawn its recommendation of a Ksh 9.5 billion dividend payout to its shareholders in the wake of the economic uncertainty posed by the COVID-19 pandemic.
In a statement, Dr. James Mwangi, the group CEO and
The World Health Organization (WHO) has temporarily halted
its clinical trials on the use of hydroxychloroquine in the treatment of
This is after the agency’s Director General Tedros Adhanom Gebreyesus said they are concerned over the published views that the drug may do more harm than
National carrier, Kenya Airways dipped further into a full
year net loss of KSh. 12.985 billion compared in the year ending December 2019
compared to KSh. 7.558 billion reported in the previous year.
The airline blamed the loss on a 12.4 percent increase in
operating costs, following an increase
Co-operative Bank has renewed for the fifth year running the
special Motor Vehicle Purchase Schemes established with major motor vehicle
dealers, Isuzu East Africa Ltd and Simba Corporation Group, to enable Micro,
Small and Medium Enterprises (MSMEs) acquire the vehicles they need at highly
This special scheme
Former Starehe Member Parliament Bishop Margaret Wanjiru is
in hospital after being diagnosed with Covid-19.
This came as Kenya confirmed 80 cases in a single day 41 of
them in Nairobi bringing the total to 1,109.
Sources confirm that the former MP and founder of the Jesus
Is Alive Ministries
The World Health Organization (WHO) dismissed Madagascar’s President Andry Rajoelina claims that the herbal tonic produced in the country can cure patients of COVID-19.
This comes after wide speculation that the country had
invented the cure for the virus and was being distributed in other countries
KCB Group’s recent acquisition of the National Bank of Kenya
(NBK) made the difference as it marked a 8.6 percent growth in profit in the
first quarter to Ksh. 6.3billion.
The lender’s earnings between January and March 2020 topped
Ksh. 155million from Ksh. 66.3million the previous year as KCB