The families of Jomo Kenyatta and Philip Ndegwa as well as the CEOs of Equity Group and Co-operative Bank are set to earn dividends of Sh1.1 billion cumulatively. The families of Jomo Kenyatta and Philip Ndegwa as well as the CEOs of Equity Group Co-operative Bank are set to earn dividends of Sh1.1 billion cumulatively,

The total public debt has hit Sh6.3 trillion as both domestic and external liabilities rose. The most updated figures on domestic debt show that it stood at Sh3.043 trillion as of March 13, the highest level it has reached, while external debt substantially exceeded Sh3 trillion after depreciation of the local currency in the recent

President Uhuru Kenyatta Kenya is seeking Sh122.5 billion ($1.15 billion) in emergency funding from the World Bank and the International Monetary Fund to support the economy. President Uhuru Kenyatta’s salary and that of Deputy President William Ruto will fall to Sh288,750 and Sh245,438 respectively effective next month after they took 80 percent cuts in a

A health worker sprays disinfectant to prevent an outbreak of the coronavirus disease (COVID-19) at the Jomo Kenyatta International Airport in Nairobi, Kenya, March 24, 2020. REUTERS/Baz Ratner German customs officials are trying to track down about 6 million face masks, ordered to protect health workers from the coronavirus, that they say went missing at

A man with a protective mask in the rain looks at an electronic stock board showing Japan’s Nikkei 225 index at a securities firm in Tokyo Monday, March 23, 2020. Shares dropped in Hong Kong and South Korea early Monday. However, Japan’s Nikkei 225 index held steady, gaining 0.8% on news the International Olympic Committee

Traders at the Muthurwa market in Nairobi counting money on March 19, 2020 after the day’s sale By PAUL WAFULA The Kenyan shilling has taken a major hit from the coronavirus pandemic. In Thursday’s trading, it exchanged at a record low of Sh109.3 against the dollar, sliding past the worst record of October 2011. A

Oil tanker at a port [REUTERS/Stringer/File Photo] The United States believes Saudi Arabia’s flooding of oil markets compounds the coronavirus-caused global economic crash and intends to send a senior official to Riyadh for months to boost efforts to stabilize energy markets, senior US officials said on Friday, reports Reuters. The Energy Department official will work

This Jan. 31, 2020 file photo shows a sign for Wall Street in New York. Stock markets were largely subdued Thursday, March 19, after days of massive volatility, as investors digested new financial support measures, including the European Central Bank’s promise to funnel 750 billion euros ($817 billion) into financial markets. (AP Photo/Mark Lennihan, File)

Photo/Somali Times Why they closed Aran Jaan and puppet Said Deni Bosaso port? Bosaso port was closed for a month, and the fishing and fishing vessels were shut down, but Puntland authorities has spoken out. The Minister of Fisheries, Commerce and Ports, who held a press conference in Garowe on Sunday, falsely dismissed reports that

Mohammed Bin Zayed Bin Sultan Al-Nahyan, the crown prince of Abu-Dhabi on 30 November 2018 [En.kremlin.ru] The authorities in Abu Dhabi, the capital of the UAE, are searching for urgent solutions to save the economy from collapse due to the devastating effects of the coronavirus pandemic locally and around the world. The losses incurred by