The amount of debt falling due this year has dropped by Sh29 billion after reconciliations passed through the supplementary budget by the National Treasury. The drop has revised what Kenya planned to pay this year to Sh253.2 billion, down from the Sh282.3 billion that was contained in the original budget for 2019/20. The revision comes

U.S. President Donald Trump and Turkey’s President Recep Tayyip Erdogan leave the stage after family photo during the annual NATO heads of government summit at the Grove Hotel in Watford, Britain December 4, 2019. REUTERS/Peter Nicholls/Pool/File Photo Turkey’s plans to switch on its new Russian missile defence systems have been delayed by the coronavirus outbreak

This July 8, 2019, photo, shows cars to be exported at Kawasaki port, near of Tokyo. Japan’s exports sank 11.7% in March as the coronavirus pandemic slammed auto shipments to the U.S. The Finance Ministry said Monday, April 20, 2020 that exports to the U.S. fell 16.5% in March from a year earlier, while those

People wearing face masks walk past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, April 20, 2020. Shares were mixed in Asia on Monday, while oil prices have fallen back. (AP Photo/Vincent Yu) Shares trended lower in Asia on Monday as oil prices fell back and Japan’s

President Donald Trump listens during a briefing about the coronavirus in the James Brady Press Briefing Room of the White House, Thursday, April 16, 2020, in Washington. (AP Photo/Alex Brandon) President Donald Trump has given governors a road map for recovering from the economic pain of the coronavirus pandemic, laying out “a phased and deliberate

A masked man walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Wednesday, April 15, 2020. Asian stocks edged lower Wednesday after the International Monetary Fund said the global economy will suffer its worst year since the Great Depression of the 1930s due to the coronavirus pandemic.

Photo: Credit AFP IMF Managing Director Kristalina Georgieva speaks at an event. Kenya’s neighbours Rwanda and the Democratic Republic of Congo are among the first debt relief beneficiaries of the International Monetary Fund (IMF) after the multilateral lender approved this year’s loan interest payments waivers for 25 countries. Kenya, which is classified as a lower

A man with a protective mask walks in the rain past an electronic stock board showing Japan’s Nikkei 225 index at a securities firm in Tokyo Monday, April 13, 2020. Asian shares fell Monday amid absence of fresh news after U.S. markets were closed for Good Friday and European, Australian and Hong Kong trading continued

Employees work on a Moroccan ventilator at a factory in Casablanca following an outbreak of the coronavirus disease (COVID-19), in Casablanca, Morocco April 10, 2020. REUTERS/Youssef Boudlal Morocco has started manufacturing its own ventilators with oxygen masks, with 500 expected to be ready by mid-April to help meet demand caused by the COVID-19 pandemic, the

The government Monday approved the use of over Sh40 billion to cushion needy households in urban areas from economic shocks following reduced activity in the wake of the coronavirus pandemic. The cash will be from funds raised from austerity measures effected at both national and county government levels, including cutting of international and domestic travel,