Value of bad loans hits Sh366bn, Central Bank of Kenya reveals

The Central Bank of Kenya. The proportion of defaulted bank loans has hit a 13-year high, reflecting the cash flow burden on workers and businesses brought about by coronavirus disease hardships. Data from the Central Bank of Kenya (CBK) shows that the ratio of non-performing loans (NPLs) rose from 12.5 percent to 13.1 percent –

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Joe Biden to meet George Floyd’s family before funeral

© Matt Rourke Former vice president Joe Biden (Matt Rourke/AP) By Will Weissert, Associated Press Former vice president Joe Biden plans to travel to Houston to meet with the family of George Floyd, and will provide a video message for Mr Floyd’s funeral service. A Biden aide described the plans of the Democratic presidential candidate.

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Black Lives Matter protesters topple slave trader Edward Colston statue, kneel on its neck & throw it in Bristol river

The statue has now been chucked in the riverCredit: SWNS:South West News Service By Holly Christodoulou The Sun newspaper BLACK Lives Matter protesters have pulled down a statue of a 17th Century slave trader in Bristol. The controversial Edward Colston monument was ripped from its plinth using rope as crowds cheered. The protesters could then

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Somali army kills 37 Al-Shabaab militants in southern region

Photo: Credit Reuters Somali National Army (SNA) on Saturday killed 37 Al-Shabaab extremists in a fierce fight in the outskirts of Hudur town in the southern region of Bakol, officials confirmed on Sunday. Odawa Yusuf Rage, commander of SNA told journalists that the clashes started after government forces got intelligence of the militants’ presence in

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Saudi Arabia’s oil exports plunge $11 billion in first quarter

General view of Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah The value of Saudi Arabia’s oil exports plunged by 21.9% year on year in the first quarter to $40 billion, corresponding to a decline of about $11 billion, official data showed on Sunday. Brent crude

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People have been paid 100 dollars to demonstrate and support President Farmajo

Photo/Somali Times According to Villa Somalia Source told Somali Times People have been paid 100 dollars to demonstrate and support President Farmajo Demonstration kicks off to support of President Farmajo in Mogadishu. The protests have now begun in many parts of the capital, such as the Hoden Distiric and the KM4 intersection. Protesters from all

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Egypt announces initiative to end war in Libya

Egyptian President Abdel-Fattah el-Sissi declared his initiative in a ceremony in Cairo Saturday, June 6, 2020. (John MacDougall/Pool via AP, File) CAIRO (AP) — Egypt’s president Saturday announced a unilateral initiative to end the civil war in neighboring Libya, a plan that was accepted by Khalifa Hifter, commander of the eastern forces that have suffered

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Largely peaceful protests against police brutality march on

Demonstrators protest Saturday, June 6, 2020, near the White House in Washington, over the death of George Floyd, a black man who was in police custody in Minneapolis. Floyd died after being restrained by Minneapolis police officers. (AP Photo/Jacquelyn Martin) WASHINGTON (AP) — Massive protests against police brutality nationwide capped a week that began in

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Who will replace President Farmajo in 2021?

Photo/Somali Times Somali President Mohamed Farmajo has reiterated his government’s commitment to hold a one – person vote elections in a transparent manner later this year. Addressing a joint session of the Federal Parliament, President Farmajo said, ‘Somalis are expected to exercise their individual rights to vote, noting time had come to select the country’s

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Global coronavirus cases top 7 million as outbreak grows in Brazil, India – Reuters tally

© Reuters/Adnan Abidi Spread of the coronavirus disease (COVID-19) in New Delhi Global cases of the novel coronavirus topped 7 million on Saturday, as case numbers surge in Brazil and India, according to a Reuters tally. About 30% of those cases, or 2 million infections, are in the United States. Latin America has the second-largest

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