Equity bank registers Ksh.900 million loss over COVID-19 effects
Equity Group Holdings registered a 14 percent loss of Kshs.900 million after-tax in the first quarter of 2020, compared to a similar period last year, owing to non-performing loans occasioned by the economic impact of the COVID-19, the group, said in a statement on Thursday. The bank’s profit before tax and the loan provisions was […]
Surging Cholera infections in Northern Kenya startle government
The ministry of health has raised alarm over a worrying spread of cholera in the Northern counties of Kenya, which has so far killed 13 people, the majority of who are children. Health Cabinet secretary Mutahi Kagwe said on Thursday that the number of infected people had hit 550, with 268 in Marsabit, 222 in […]
Kenya records 80 new COVID-19 infections, highest number in one day
Kenya recorded the highest number of COVID-19 infections over the past day in what the health ministry attributed to an increased number of tested samples. 80 people tested positive of the virus out of a sample of 3,102 people that were tested between Wednesday and Thursday, putting the total national tally at 1,109. Mombasa accounted […]
KCB posts sh.6.3 billion profit despite COVID-19 challenges
The Kenya Commercial Bank (KCB) on Wednesday reported a 6.3 billion shillings profit after tax in the first quarter of 2020 ending March. This was an eight percent increase from the 5.8 billion shillings posted during a similar period last year. The profit was driven by a stronger non-funded income lines, and interest income boost […]
Mombasa leads in new COVID-19 cases two days to expiry of intercounty movement ban
Mombasa County has again recorded the highest number of new COVID-19 cases just two days short of the expiry of the intercounty movement instituted on three coastal counties and the Nairobi metropolitan area. The intercounty movement ban issued on 6th April before being extended for another 21 days on 25th April is expected to expire […]
KEPSA and Jumia to support businesses amid COVID-19
The Kenya Private Sector Alliance (KEPSA) have partnered with Jumia to help digitize Kenya’s businesses, help them grow their digital sales and save jobs as COVID-19 deals an economic blow on businesses. Through the Digital Commerce Program, KEPSA and Jumia said thousands of businesses will be registered and trained to sell online with access to […]
Government launches sh.100 million artists stimulus fund
Over 20,000 artists across the country are set to benefit from sh.100 million, in a new initiative geared towards supplementing existing government efforts in dealing with the COVID-19 pandemic. The campaign dubbed ‘Together At Home’, is spearheaded by the ministry of sports, culture and heritage, and will see artistes, actors and musicians get paid for […]
World Trade Organization criticized for prioritizing trade over COVID-19 intervention
At least 30 Developing Countries across the world have written to the World Trade Organisation (WTO) accusing the body of focusing on international trade negotiations at a time when attention needed to be directed towards public health intervention against the deadly COVID-19. The countries including Africa group and India, have rejected WTO’s proposal to push […]
Sigh of relief as only one tests positive for COVID-19 in Mombasa
Mombasa County can momentarily sigh with relief after only one person tested positive for the COVID-19, out of the 25 cases nationally, in the latest update by the Health Ministry on Thursday. Rashid Aman, the Ministry of Health’s Chief Administrative Secretary, said the 25 positive cases were found from a sample of 632 tested over […]
Dozens flee Mombasa’s Old Town after cessation of movement order
Tens of residents in Mombasa’s Old Town area parked their belongings and fled on Wednesday, moments after the health ministry announced a cessation of movement in the area to curb spread of the COVID-19. During the ministry briefing, Old Town recorded 18 out of the 32 COVID-19 infection cases in Mombasa, and had previously been […]