Co-op joins queue of banks expecting significant profit hits

By Kepha Muiruri,

The Co-operative Bank of Kenya has become the sixth lender to issue a profit warning on expected 2020 earnings. In a notice to shareholders on Frid...

Co-operative Bank of Kenya , profit warnings

Sudan military and opposition finally sign power-sharing deal

By Reuters,

Sudan’s main opposition coalition and the ruling military council on Saturday signed a final power-sharing deal that paves the way for a transitiona...

Sudan

Zep-Re earnings drop to Ksh.1B on rising insurance claims

By Kepha Muiruri,

Regional re-insurer Zep-Re has booked a Ksh.1 billion (USD10.1 million) profit for the year ended December 31, 2018, representing a 58 percent dip in ...

Hope Murera , Insurance in Kenya , Zep-Re

South Sudan lawmakers quit budget presentation over unpaid public salaries

By Reuters,

South Sudanese lawmakers stormed out of a budget presentation by the finance minister on Thursday, with one citing frustrations over non-payment of sa...

budget presentation , Finance , south sudan

UN chief appoints adviser to help AU mediation in Sudan

By VOA,

The U.N. secretary-general has appointed special adviser Nicholas Haysom to support the African Union's mediation efforts in Sudan, where the military...

AU

Sudan’s Bashir says protests will not lead to change in government

By Reuters,

Sudan’s President Omar al-Bashir insisted on Monday that he would not step down after weeks of violent protests and calls for him to quit over a wor...

Filippo Grandi , Khartoum , Sudan , Sudan's president Omar al-Bashir

Sudan security forces arrest Khartoum University lecturers: professors

By Citizen Reporter,

Sudanese security authorities arrested several faculty members from Khartoum University on Sunday, two professors said, after they joined anti-governm...

Khartoum University , Sudan

At least one dead as price protests enter third day in Sudan

By Reuters,

At least one protester was killed in the northern Sudanese city of Atbara on Friday, the security chief said, as people took to the streets across the...

facebook , President Omar-Al-Bashir , Salah Abdallah Mohamed Saleh , Salah Gosh , Sudan , Twitter , whatsapp

Sudan’s President Omar al-Bashir sacks entire cabinet

By Reuters,

President Omar al-Bashir dissolved the Sudanese government on Sunday and named a new prime minister, moves aimed at fixing a crisis-hit economy batter...

President Omar-Al-Bashir , Sudan , Sudan government dissolved

Co-op Bank Q1 profit dips 6pc to Sh3.2bn

By Dennis Otieno,

The Cooperative Bank of Kenya is off to a slow start in 2017, posting a six percent drop in profitability in the three months to March. During the ...

banking , Co-op bank , Cooperative Bank , hyper inflation , Interest Income , interest rate cap , KCB , loan book , NIC bank , south sudan

South Sudanese banks run out of cash as conflict rages

By Reuters,

Banks in war-ravaged South Sudan have run out of cash and the crunch is exacerbating hunger and widespread famine, the deputy finance minister said on...

South Sudanese banks run out of cash as conflict rages

Cooperative Bank profit hits Sh12.7bn, announces bonus share issue

By Citizen,

The Cooperative Bank weathered the tough operating environment in the banking sector to post an 8.2 percent growth in its 2016 full year profit. Du...

bonus share , business , Capital Markets Authority , Co-op bank , conservative lending , Cooperative Bank , currency devaluation , cutting costs , dividend , equity bank , expansion , Gideon Muriuki , hyperinflation , Interest Income , interest rate cap , investment , KCB , loan book , profit , south sudan

Sudan extends ceasefire by six months

By Reuters,

Sudan said on Sunday it would extend a unilateral ceasefire in fighting with rebels in the country's warring regions to six months, state news agency ...

ceasefire , fire arms , Sudan

Sudan’s Bashir announces one-month ceasefire extension

By Reuters,

Sudanese President Omar Hassan al-Bashir has announced a one-month extension of his unilateral ceasefire in fighting with rebels in the country's war ...

There’s trouble in Kasese! Where are the eminent persons hiding?

By Isaac Mwangi,

Why is there such a lukewarm reception to integration issues by the region’s citizens? Why do nationalistic sentiments seem to rise every so often a...

In Sudan, austerity and protest as economy crumbles

By Reuters,

Mohamed Yassin's minimarket occupies a prime spot in Khartoum but its shelves are largely empty as a plummeting currency and slew of subsidy cuts push...

africa , President Omar-Al-Bashir , sudan economy crumble

KCB raises Sh7.5bn in new capital to support lending

By Reuters,

KCB Group said on Tuesday it had raised new capital as an increase in domestic income at one of Kenya's biggest banks drove a profit rise for the firs...

debt , Joshua Oigara , KCB , KCB Group , Lawrence Kimathi , new capital , support lending , third quarter results

MWANGI: No more gold diggers, East Africa needs statesmen

By Isaac Mwangi,

With Sudan formally depositing the instruments of ratification of the East African Community Treaty, the question arises again of what is to be expect...

Sudan’s inflation up to 16.5 percent in July

By Reuters,

Sudan's annual inflation rate rose to 16.5 percent in July from 14.31 percent in June as the price of foodstuffs and services climbed higher, Sudan's ...

U.N. chief urges rival South Sudan leaders to form government soon

By Reuters,

U.N. Secretary General Ban Ki-moon has urged the leaders of war-torn South Sudan to form a transitional government quickly and roll out other parts of...