Kenya has for the second time in less than six months reached out to the International Monetary Fund (IMF) for budget support to weather the coronavirus economic hardships. IMF resident representative Tobias Rasmussen said the government had asked the Brettonwoods institution for another loan following the $739 million (Sh79.3) billion received in May that Kenya

Sean ‘Diddy’ Combs is worth close to $1 billion after building a successful business empire in addition to his music career — Fuse TV Sean “Diddy” Combs, 50, began his career as a newspaper vendor at the age of 12. “Since then, I’ve always understood that if I give the customers my best and service

Photo: Credit Pinterest The cabinet of the United Arab Emirates approved a smaller federal budget for 2021 in a sign that the country is curbing expenditure amid the coronavirus crisis and lower oil prices. The budget for next year was set at 58 billion dirhams ($15.8 billion), state news agency WAM reported on Sunday, down

Foreign trade deficit amounts to $4.8B last month, says statistical authority Turkish exports increased 4.8% on an annual basis in September, according to the nation’s statistical authority on Friday. The figure hit $16 billion, the Turkish Statistical Institute (TurkStat) said in a statement on Friday. Turkey’s imports amounted to $20.8 billion last month, a year-on-year

USS Coronado launches a Harpoon Block 1C missile for the first time during exercise Rim of the Pacific. Credit: Flickr/U.S. Pacific Fleet By Steven Stashwick Truck-mounted Harpoon missiles and other recent sales are aimed at repelling a potential invasion by China. The U.S. State Department has given the greenlight for Taiwan to buy hundreds of

Aston Martin: will gain access to electric technology By Terry Murden Mercedes-Benz is raising its stake in Aston Martin Lagonda as part the British marque’s recovery plan. Aston Martin said the deal, announced after the London stock market closed, was a “strategic technology agreement”. Mercedes will increase its holding “in stages” from 5% to 20%

A trader holds bank notes. The Kenya shilling dropped to a record low of 108.85 units against the dollar on Monday, market data showed, on demand for the greenback by importers. This was despite a fall in the Central Bank of Kenya(CBK) dollar reserves to a five-month low of $8.223 billion (Sh888 billion) or 4.99

Wall Street street sign is framed by a giant American flag hanging on the New York Stock Exchange in New York. Stocks are falling in early trading on Wall Street Monday, Oct. 26, 2020, and deepening last week’s losses. (AP Photo/Mary Altaffer, File) U.S. stocks fell sharply Monday as a troubling increase in coronavirus counts

China on Monday announced that it will impose sanctions on US companies and individuals over arms sales to Taiwan. “Boeing, Lockheed Martin and Raytheon are among the list of US businesses and individuals that will face Chinese sanctions over arm sales to China’s Taiwan,” China’s Foreign Ministry Spokesman Zhao Lijian told a news conference in

Benard Ngugi, new Kenya Power CEO. By PATRICK ALUSHULA Kenya Power risks a Sh1.765 billion penalty for not surrendering to the State unclaimed assets that include dividends and stale cheques as required by the law. The Auditor-General Nancy Gathungu disclosed in the latest audit report that the utility firm was at the end of June