News in Brief –Kenya
(5 minutes read)
· I&M Holdings of Kenya has reported a drop in profit after tax...
Safaricom Foundation’s vigilante against Covid-19
(4 minutes read)
· Safaricom Foundation in collaboration with ScopeInternational has set up sanitation booths in six counties in Kenya toensure that...
Jubilee Holdings of Kenya posts reduced profit
(3 minutes read)
· Jubilee Holdings of Kenya has posted a reduced profit of
Sh4.02 billion for the 2019 financial year as against ...
World Bank aid of US$ 43 million to Kenya to fight locusts
(3 minutes read)
· The World Bank will pay Kenya more funds to fight against
locusts people.
The multilateral bank had approved a US$43...
Kenya’s credit profile may Improve-Moody’s
Kenya’s recent preference for the concessionary funding option from international financing institutions is likely to improve the country’s credit profile
Kenya’s debt payment...
Depositors of liquidated Imperial Bank to be paid in part
· The Central Bank of Kenya (CBK) has approved the acquisition
of Imperial Bank assets’ valued at Sh3.2 billion. Starting June 2,
2020,...
Gold and Coffee to keep Tanzanian economy in good stead
( 3 minutes read)
· The Bank of Tanzania (BoT) monthly economic review for April
said that world market prices of selected commodities...
Tanzania to focus on agro-based small businesses to create more employment
( 4 minutes read)
· Tanzanian Minister for Industry and Trade, Innocent Bashungwa
announced that there were 476 small scale industries in Mpanda
Municipality,...
Ethiopian and Boeing to close to deal on compensation
(2 minutes read)
· Ethiopian Airlines’ settlement of compensation with Boeing is
expected by end June this year, after a protracted negotiation
· ...
Ethiopia’s communication Authority to accept applications
3 mts read
Ethiopia’s communication Authority has invited applications from companies interested in participating in the country’s telecom sector
Interested companies can submit their...
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