Law loophole denies bank customers billions in relief

Central Bank of Kenya Kenya’s top lenders could be denying their customers close to Sh6.29 billion in loan interest reliefs after the Central Bank of Kenya (CBK) lowered its benchmark rate in November last year. Market enquiries indicate that KCB, NCBA, Equity Bank and I&M Bank — with a combined loan book of Sh1.258 trillion

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Erdogan arrives in Senegal as part of Africa tour

Turkish president will meet with his Senegalese counterpart, hold joint news conference Turkish President Recep Tayyip Erdogan arrived in the Senegalese capital Dakar on Tuesday on the final stop of his three-nation African tour. Erdogan arrived at Blaise Diagne International Airport and was welcomed by his Senegalese counterpart’s spouse Marieme Faye Sall and other officials.

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Erdoğan continues his ‘leader diplomacy’ during second stop on Africa trip, Gambia

President Recep Tayyip Erdoğan and his Gambian counterpart Adama Barrow attend a welcoming ceremony in capital Banjul, Gambia, Jan. 27, 2020. (AA Photo) Erdoğan’s 3-day diplomatic visit to African nations continued with Gambia, where the fight against the Gülenist Terror Group (FETÖ) made headlines, as well as military, economy cooperation Turkey’s “leader diplomacy” in Africa

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U.S. military plane crashes in Afghanistan, Taliban claims responsibility

Afghan National Army forces go towards the site of an airplane crash in Deh Yak district of Ghazni province, Afghanistan January 27, 2020. REUTERS/Mustafa Andaleb A plane which U.S. officials described as a small U.S. military aircraft crashed in a Taliban-controlled area of central Afghanistan on Monday, and the insurgent group claimed to have brought

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Kenya: British investors to build 80,000 low-cost houses

Housing Principal Secretary Charles Hinga when he received 228 affordable housing units on January 16 in Ngara, Nairobi. The government’s bid for affordable housing has received a major boost after British investors inked a deal to develop 80,000 new units across the country. Housing Principal Secretary Charles Hinga said the affordable housing programme (AHP) deal

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China extends holiday, businesses shut as virus toll rises to 81

A medical official takes the body temperature of a man at the departure hall of the airport in Changsha, Hunan Province, as the country is hit by an outbreak of a new coronavirus, China, January 27, 2020. REUTERS/Thomas Peter The death toll from a coronavirus outbreak in China rose to 81 on Monday, as the

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Somalia president arrives in Eritrea

Photo/ Somali Times The President of the Federal Republic of Somalia Mohamed Abdullahi Farmajo and his delegation has arrived in Asmara. The leaders of Somalia, Eritrea Isaias Afwerki and Ethiopian Prime Minister Abiy Ahmed Ali will hold bilateral talks in Asmara. ‘During these meetings, the leaders are evaluating the effectiveness of the measures to ensure

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US embassy in Baghdad hit by missiles

No casualties or material damage reported so far from attacks on heavily fortified Green Zone At least five katyusha rockets landed in the heavily fortified Green Zone in Iraq’s capital, some of which directly struck the U.S. embassy, caretaker Prime Minister Adil Abdul-Mahdi said early Monday. “This hostile attack on a foreign mission was repeated

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The Ethiopian Prime Minister says, ‘I will be meeting the leaders of Eritrea and Somalia,’

Photo/ Somali Times Landlocked Country Ethiopian Prime Minister Abiy Ahmed is interested to create four ship ports in Somalia. The four ship ports, Berbera, Bosaso, Kismayo and Hobyo brought 9 Navy Ships purchased Ethiopian. Ethiopian Prime Minister Abiy Ahmed says, ‘I will be meeting with my brothers, the leaders of Eritrea and Somalia.’ Dictator Isaias

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Israel approves travel to Saudi under limited circumstances

Muslims pray at the Grand Mosque during the annual Hajj pilgrimage in their holy city of Mecca, Saudi Arabia August 8, 2019. REUTERS/Waleed Ali/File Photo Israel on Sunday announced that it would permit Israeli citizens to travel to Saudi Arabia for the first time, under certain conditions. Israeli Interior Minister Aryeh Deri, after consulting with

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