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FIFA draws up guidelines to tackle pay-cut complaints
By Reuters,
1712, April 5, 2020 (EAT)
FIFA is getting ready to deal with complaints and appeals over wage cuts for players, producing guidelines for clubs and football bodies looking to cu...
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Over 20,000 formal jobs in Kenya may be lost this year due to coronavirus
By Faizal Ahmed,
1650, April 3, 2020 (EAT)
Over 20,000 formal jobs may be lost this year in Kenya due to the coronavirus outbreak. Economists from NCBA Bank stated that the scale of job loss...
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Covid-19: Barca risk going to ‘war’ with star players over wage cut
By Agencies,
1920, March 26, 2020 (EAT)
Barcelona's board are at risk of starting a war with their quarantined stars after attempting to push through radical plans for them to take huge wage...
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Relief for Kenyans who earn up to Ksh.24K as Uhuru orders cuts to PAYE, VAT
By Kepha Muiruri,
1927, March 25, 2020 (EAT)
President Uhuru Kenyatta has ordered the National Treasury to move to Parliament and implement a raft of changes including relief on employee tax and ...
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NCBA posts Ksh.7.8 billion profit from merger gains
By Kepha Muiruri,
1620, March 25, 2020 (EAT)
NCBA Group has posted a 56 percent growth in profit after tax for the period ending December 2019 to Ksh.7.8 billion from merger gains. The results...
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OPINION: KQ’s bleak future as COVID 19 digs in
By Joseph Bonyo,
1320, March 25, 2020 (EAT)
By Joseph Bonyo As the last of Kenya Airways plans taxi to parking at the Jomo Kenyatta International Airport (JKIA) later today (Wednesday, March ...
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Ighalo set for Man United stay as Martins prepares to join Shanghai
By Reuters,
936, March 25, 2020 (EAT)
Nigerian striker Obafemi Martins is on the verge of a return to Shanghai Shenhua, Chinese media have reported, increasing the likelihood Odion Ighalo ...
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Absa posts Ksh.8.5 billion normalized 2019 profit
By Kepha Muiruri,
1942, March 24, 2020 (EAT)
Absa Bank Kenya has reported a normalized Ksh.8.5 billion profit after tax for the period ending December 31, 2019 on the back of higher operating inc...
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CBK cuts base lending, commercial bank reserve rate to cushion economy
By Kepha Muiruri,
1944, March 23, 2020 (EAT)
The Central Bank of Kenya (CBK) has trimmed its base lending rate to 7.25 per cent from 8.25 per cent in January as it seeks to support credit issuanc...
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Kenya Airways staff to take pay cuts as coronavirus hits
By Kepha Muiruri,
1449, March 21, 2020 (EAT)
The management of Kenya Airways (KQ) has temporarily trimmed staff salaries to stay afloat as the coronavirus pandemic takes a swipe at the company’...
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Equity Group posts Ksh.22.6 billion full year profit
By Kepha Muiruri,
1841, March 19, 2020 (EAT)
Equity Group has posted a 14 per cent growth in profit after tax for the year ending December 2019 to Ksh.22.6 billion. The notable double digit gr...
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Standard Chartered records flat profit of Ksh.8.2 billion
By Kepha Muiruri,
1345, March 19, 2020 (EAT)
The Standard Chartered Bank has reported a flat growth in earnings for 2019 on subdued earnings across the reporting period. The lender has posted ...
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Co-operative Bank full year profit rises to Ksh.14.3 billion
By Kepha Muiruri,
1342, March 19, 2020 (EAT)
The Co-operative Bank has posted a 12.6 per cent growth in profit after tax to Ksh.14.3 billion for the year ending on December 31, 2019 on the back o...
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President Uhuru sounds warning to traders hiking prices over the coronavirus
By Tonny Ndungu,
1209, March 18, 2020 (EAT)
President Uhuru Kenyatta has warned Kenyan businesses planning to take advantage of the coronavirus epidemic to reap profits. President Uhuru was s...
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Banks to extend loan repayments by one year as coronavirus effects hit economy
By Kepha Muiruri,
1157, March 18, 2020 (EAT)
Commercial banks have agreed to extend repayment of personal loans by a period of up to 12 months in a measure to cushion the economy from feeling the...
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Parliament adjourns for one month as PCEA, All Saints Cathedral suspend church services
By Citizen Reporter,
2124, March 17, 2020 (EAT)
The two chambers of parliament have adjourned for a month, even as the PCEA and All Saints Cathedral Anglican churches suspended Sunday services until...
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Coronavirus: Murkomen proposes low interest loans, VAT refunds, tax breaks to cushion Kenyans
By Benjamin Muriuki,
2102, March 17, 2020 (EAT)
Senate Majority Leader Kipchumba Murkomen wants the government to come up contingency measures to cushion Kenyans from the economic impact of the coro...
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Coronavirus: France suspends rent, utility bills owed by small companies
By CNN,
1500, March 17, 2020 (EAT)
France has announced that it is suspending rent and utility bills owed by small companies due to the coronavirus pandemic. In a televised speech Mo...
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Italy records 368 coronavirus deaths in 24 hours
By Reuters,
1407, March 16, 2020 (EAT)
Italy on Sunday announced 368 new deaths in the last 24 hours, bringing the total death toll in the country to 1,809, according to Civil Protection De...
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Kenyan economy braces for impact after first coronavirus case
By Kepha Muiruri,
1009, March 14, 2020 (EAT)
The local economy is bracing for an unprecedented impact with the first case of the novel coronavirus that was reported on Friday. Economic risks h...
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