Following a meeting with commercial banks on Monday, March 16, 2020, the Central Bank of Kenya (CBK) announces a set of measures that commercial banks will undertake in order to alleviate the adverse economic effects their customers may face from …"EMERGENCY MEASURES TO MITIGATE THE ADVERSE ECONOMIC EFFECTS ON BANK BORROWERS FROM THE CORONAVIRUS PANDEMIC"
NAIROBI, President Uhuru Kenyatta has cautioned traders in the country against raising prices of basic commodities in the wake of the Coronavirus outbreak.
The President said traders should conduct their businesses right and justly adding that law enforcement agencies have …"Act In The Best Interest Of Kenya, President Kenyatta Tells Traders"
Following a meeting this morning with Payment Service Providers (PSPs), the Central Bank of Kenya (CBK) announces a set of measures that will facilitate increased use of mobile money transactions instead of cash. While the immediate objective is to reduce …"EMERGENCY MEASURES TO FACILITATE MOBILE MONEY TRANSACTIONS"
ADDIS ABABA – As the coronavirus spreads across Africa, countries are taking stronger measures to curb its spread. The restrictions may contain the virus, but will likely have a deep impact on the continent’s economies.
With several African governments closing …"Economists Say Coronavirus Will Slam African Economies"
Rome – FAO Director-General QU Dongyu has welcomed a €17 million contribution from Germany to provide assistance to those directly affected by the Desert Locust upsurge in East Africa.
Germany’s Permanent Representative to FAO, Ulrich Seidenberger, made the announcement at …"FAO welcomes €17 million contribution from Germany to combat the impact of the Desert Locust upsurge in East Africa"
The Central Bank of Kenya (CBK) has been advised by both Co-operative Bank of Kenya Limited (Co-op) and Jamii Bora Bank Limited (JBB) of Co-op’s interest in acquiring JBB. The proposed acquisition which is subject to regulatory approvals will lead …"PROPOSED ACQUISITION OF JAMII BORA BANK LIMITED BY CO-OPERATIVE BANK OF KENYA LIMITED"