By Daisy Okanga | World leaders will send videos instead of physically gathering at the United Nations (UN) in September due to the coronavirus pandemic.
The 193-member General Assembly of the UN decided on Wednesday, a move that paves the way for people circumspect of travelling
Equity Bank Kenya has received a $50 million (Ksh5.4 billion)
loan from International Financial Corporation (IFC), a member of the World Bank
Group to increase lending to Small and Medium-sized Enterprises (SMEs) in
The grant is for the SMEs which have exhibited economic
headwinds since the coronavirus pandemic hit
The Pubs, Entertainment Restaurant Association of Kenya
(PERAK) has asked the Government to take action on establishments that break
the law by opening beyond prescribed hours and fail to enforce health and
The association has also asked the Ministry of Health to
withdraw a set of punitive regulations,
Rising dollar demand seen to be piling pressure on the Kenyan Shilling
The Kenyan Shilling has hit a new record low against the U.S
Dollar at Ksh108 per Dollar.
The depreciation of the local currency has been attributed to the growing demand for dollars by importers as economic
is weighed down by swelling public debt and
faces the possibility of a debt crisis
Level of public
debt is inching closer to the Ksh7 trillion mark with the latest update on Kenya’s
public debt indicating that the country owed Ksh6.6 trillion as of May.
This is 3.3 percent
Uganda’s Orient Bank Limited is set to sell its 90 percent
stake to I&M Holdings at Ksh2 billion.
The deal started in 2014 when I&M in pursuit to grow its
diversification in the region spurring rivalry with the likes of KCB Group and
The deal will add
Kenya Medical Practitioners Pharmacists and Dentists Union (KMPDU) now says it’s a bad taste for the government to bring on board extra Cuban doctors without considering local doctors.
This is in line with the government’s decision to bring in the medics belonging to a Brigade of
Toyota Motor Corporation says will make 15,000 vehicles by August than its initial forecast of 750,000 even as coronavirus takes a toll.
The Japanese automaker said on Tuesday, as
output recovers gradually from a steep drop because of the coronavirus
pandemic, the Reuters reported.
According to Reuters’ calculations,
Tanzania’s President John Pombe Magufuli
has declared Tanzania a ‘coronavirus’ free country.
He said during the swearing in of new
"We decided to pray to God to save
us from the coronavirus (Covid-19). God has answered our prayers," he said
at the State House in Dodoma during the swearing
A Pharmaceutical firm Roche on Tuesday
announced the enrolment of Kenyan patients on a clinical trial to evaluate the
efficacy of tocilizumab drug for coronavirus-related pneumonia.
The EMPACTA clinical trial at the Clinical
Research Unit of the Aga Khan University Hospital, Nairobi is currently on a
global Phase III clinical