Kenya is facing a nationwide blackout over what Kenya Power and Lightening Company (KPLC) termed as a hitch at a national grid.
It occurred on Saturday morning, at around 5:49 when the whole nation woke up to a total blackout.
“We have lost power supply in the
Rental yields are expected to decline significantly from the
1.61 percent margin in gains made over the first quarter of 2020 as Kenyans
plead with landlords for rent suspensions and moratoriums to survive the coronavirus
The softening of land prices and rental income has been rated at 0.9
As of May 6, 2020 coronavirus in Kenya increased in a row, two figures up from the previous day recording 47 new cases.
In a press briefing on Wednesday, Health Cabinet Secretary
Mutahi Kagwe said two more patients had succumbed to the disease raising the
total number of
The International Monetary Fund (IMF) board has approved $739
million (Ksh78.4 billion) in emergency financing to help Kenya respond to the
economic spat caused by the coronavirus (COVID-19) pandemic.
The funds were approved on Wednesday, May 6 where the
multilateral lending agency said it was working closely with the
Fanisi Capital, a Kenyan Private Equity
Fund has completed a transaction to invest in St. Bakhita Schools for a
Fanisi Capital’s Managing Partner, Ayisi
Makatiani, said the schools fit within the firm’s investment strategy which
aims to invest in ambitious entrepreneurs who are providing high quality
education and building
By Daisy Okanga | Total Oil reported a first-quarter net profit of $1.8 billion (Ksh191.2 billion), down from $2.8 billion (Ksh297.5 billion) over the same period last year, reflecting 35% decline in profits.
The company's board confirmed that its first-quarter
dividend would be 0.66 euros per share,
Number of Kenyans who resolved to going back to their places
of work in the past one week increased by 16 percent, this is according to a
Google’s weekly COVID-19 Community Mobility Report which was released on
The report also indicates that movement in residential areas
reduced to 20
Airtel Kenya and Telkom Kenya won their appeal against
merger conditions inclined by the Competition Authority Kenya (CAK).
The Competition Tribunal overturned the majority of the conditions placed on the two telcos when the authority approved their proposed merger on December 13. The ruling was made on
Zimbabwe’s President Emmerson Mnangagwa extended a
nationwide lockdown to fight the new coronavirus by two more weeks and
announced a $720 million (Ksh77.2 billion) stimulus package for distressed
companies, most which will be allowed to reopen on Monday.
President Mnangangwa's first announced a three-week lockdown in March and then
Tanzania President John Pombe Magufuli has questioned Tanzania’s test kits for the coronavirus (COVID-10) after samples from a goat, and Pawpaw tested positive for the virus.
In a briefing to the nation, President Magufuli said he had
instructed his security forces to inspect the quality of the