05/20/2020
This is to develop an appropriate response to the outbreak to sustain the business and identify new opportunities that may arise as the economy and consumer needs adapt to a world reshaped by the outbreak.
05/20/2020
Kenya has plans to spend 53.7 billion shillings ($503 million) on a stimulus package to support businesses hit by the pandemic, which the Treasury says won’t affect its budget deficit.
05/20/2020
The Kenya Commercial Bank (KCB) Group CEO Joshua Oigara's annual pay increased to KSh 299.1 million in 2019 from KSh 272.9 million he earned in 2018.
05/20/2020
Equity was ranked 82nd, EABL 90th, and KCB 92nd.
05/19/2020
The Group delivered a 26 percent increase in gross earnings of N666.8billion from N528.7billion in 2018, comprising interest in-come growth of 41 percent from previous levels to N155.9billion despite declining interest rate environment.
05/18/2020
The central bank also unveiled a N100 billion health sector credit facility for operators in the sector.
05/17/2020
“This would be below the adequate level of reserves for Uganda, and would leave the country in a vulnerable position,”
05/17/2020
Some told me point blank it was impossible and others argued that a section of the Constitution required all revenues to be paid into the federation account and distributed.
05/15/2020
Exports, foreign direct investment as well as portfolio investments that support the shilling are expected to be constrained, also leading to a fall in the gross domestic product (GDP) growth to the lowest level in more than a decade.
05/14/2020
Across all banking services, internet banking drew the most complaints, followed by credit cards, ATMs and current accounts.
05/13/2020
Jordan, Morocco and Tunisia are expected to contract this year, while Egypt is projected to report a small growth rate of 0.5 per cent.
05/13/2020
More recently, 46 people at factories owned by fishing company I&J tested positive for Covid-19, Netwerk24 reported.
05/13/2020
Half of the population could be out of work by end-2020
05/13/2020
Fund manager Sam Houlie has changed his approach to value investing.
05/12/2020
Banks in Africa and Middle East are the strongest believers in a cashless society, according to a global retail banking survey released by Temenos, a banking software company.
05/12/2020
Nobody knows how long this Covid-19 situation is going to last because it is an unusual situation.
05/12/2020
The bank sees inflation breaching the lower bound of the Reserve Bank’s target range and potentially staying there until the second quarter of 2021
05/12/2020
The report says the most vulnerable sectors will, hence, be trade and commerce, hospitality and leisure, construction, oil and gas, education, transport and storage, and financial and insurance activities.
05/12/2020
Over the past decade, Africa has been one of the fastest-growing regions in the world.
05/11/2020
Emerging markets are set to contract by 1% in 2020 before rebounding 6.6% next year, according to IMF projections published in April.