COVID-19: Banks expected to further slash shareholder pay

By Kepha Muiruri,

Commercial banks are expected to slash their payment to shareholders further as earnings take a hit from the COVID-19 pandemic. Registering negativ...

coronavirus , COVID-19 , KBA , loans

CBK mulls Ksh.100B plan to cushion SMEs against pandemic

By Kepha Muiruri,

The Central Bank of Kenya (CBK) says it is working with member banks on a scheme to cushion micro, small and medium enterprises (MSMEs) against shocks...

CBK , COVID-19 , smes

How New Zealand ‘eliminated’ Covid-19 after weeks of lockdown

By CNN,

After weeks of lockdown, New Zealand has achieved its ambitious goal of eliminating the coronavirus. But the country isn't celebrating yet. Ov...

COVID-19 , lockdown , New Zealand , Prime Minister Jacinda Ardern

Trump cuts WHO funding over coronavirus as global death toll mounts

By Reuters,

U.S. President Donald Trump on Tuesday halted funding to the World Health Organization over its handling of the coronavirus pandemic, drawing condemna...

Donald Trump , who

CBK to buy 400 million dollars from banks amid global volatility fears

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has expressed its intent of growing its usable foreign currency reserves above normal levels by buying US dollars from...

Central Bank of Kenya (CBK) , foreign currency reserves , shilling

Central Bank lowers base lending rate from 8.50% to 8.25%

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has once again lowered the benchmark lending rate in a move it says is aimed at  supporting economic activity. In ...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR)

CBK extends December bond seeking Ksh.9.7 billion

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has issued an extended offer of Ksh.9.7 billion to its December Ksh.25 billion bond sale whose auction took place on D...

Central Bank of Kenya (CBK) , government borrowing , treasury bonds

OPINION: How to boost Africa and South East Asia cooperation

By Citizen Reporter,

By Joel Okwemba Considered one of humanity’s great early achievements is the crossing of early man from Asia to Australia. Archeological, geneti...

Task Force on gov’t communication submits report with deep recommendations

By Paul Ombati,

A Task Force constituted by ICT CS Joe Mucheru to look into ways of improving Government Information and Public Communications has come up with far-re...

David Makali , GCIS , Government Information and Public Communications , ICT CS , Joe Mucheru , Report , task force

Bank of Mexico lowers interest rate, citing global concerns

By Reuters,

Mexico's central bank said Thursday it was lowering its benchmark interest rate by a quarter-point to 8%, citing slowing global economic activity and ...

Interest Rates , Mexico

CBK leaves benchmark rate at 9 percent as economy holds steady

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has retained its lending rate to commercial banks for the eighth consecutive time to reflect on the stability of the c...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR) , Inflation , kenyan shilling

Trump vows rapid, high tariffs on Mexico unless illegal immigration ends

By Reuters,

U.S. President Donald Trump, responding to a surge of illegal immigrants across the southern border, vowed on Thursday to impose a tariff on all goods...

Central America and Mexico migrants , Crackdown on illegal immigrants , Donald Trump , U.S-Mexico border wall , US

U.S. sanctions on Huawei send stocks reeling; yields fall

By Reuters,

European stocks fell, government bond yields slipped and the Japanese yen firmed on Thursday after the U.S. government hit Chinese telecoms giant Huaw...

bonds , gains , rise , stocks , yields

China says fully ready to defend interests in trade war

By Reuters,

China is fully prepared to defend its interests in its trade war with the United States, but hopes the United States can resolve problems through dial...

Kenyans shun banks over stringent loan conditions

By Gloria Magudha,

Kenyans are increasingly borrowing and saving through savings and credit co-operatives (saccos) and mobile money platforms than through formal banking...

bank loans , saccos

CBK holds key lending rate at 9 percent

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has for the third consecutive time held its benchmark interest rate at 9 percent as it attributes the stay on the Cent...

Central Bank , Interest rate

As election nears, Nigeria recommends 50 percent minimum wage rise

By Reuters,

Nigeria’s government is recommending a 50 percent rise in the minimum wage weeks before a presidential election where the cost of living has become ...

Labour Minister Chris Ngige , minimum wage , Nigeria , President Muhammadu Buhari

U.S. oil edges up after tumbling to lowest since June 2017 on economy fears

By Reuters,

Oil prices were mixed on Wednesday as the U.S. benchmark rebounded from steep losses in the previous session, even though concern over the health of t...

Alexander Novak , Kanat Bozumbayev , Margaret Yang , President Donald Trump

China confident it can clinch U.S. trade pact, Trump demands ‘real deal’

By Reuters,

China expressed confidence on Wednesday that it can reach a trade deal with the United States, despite fresh warnings from President Donald Trump that...

china , Chinese leader Xi Jinping , President Donald Trump

China confident it can clinch U.S. trade pact, Trump demands ‘real deal’

By Reuters,

China expressed confidence on Wednesday that it can reach a trade deal with the United States, despite fresh warnings from President Donald Trump that...

china , Donald Trump , Panama and Portugal , United States