National Treasury building. The International Monetary Fund (IMF) will disburse Sh44 billion ($410 million) to Kenya in the coming weeks to boost the public purse amid the Covid-19 pandemic. The fund is part of the $2.4 billion (Sh256.3 billion) three-year financing programme that was agreed to in February. The multilateral lender said on Tuesday that

Sheikh Ahmed bin Saeed Al Maktoum, president of the Department of Civil Aviation, CEO and chairman of The Emirates Group speaks with journalists at the Arabian Travel Market exhibition in Dubai, United Arab Emirates, Monday, May 17, 2021. The Middle East’s largest airlines saw its passenger levels plummet by 70% last year and furloughed more

By OTIATO GUGUYU The Treasury has announced a new crackdown on wealthy tax evaders as part of its budget for the year starting July, setting the stage for travel bans, asset freeze and deactivation of Personal Identification Numbers (PINs). The clampdown is revealed in a commitment that Kenya made to the International Monetary Fund (IMF)

Bitcoin Introduction: Technology is altering regulatory frameworks and the financial world, and how companies react to these emerging developments will decide whether they survive or perish. These innovations provide several cashless payment services accessible through Cryptocurrencies and blockchains. If ever a ready people initiate leveraging Bitcoin and cryptocurrencies to help the company expand, it is

File- In this Nov. 5, 2020 file photo, a sign for Wall Street is carved in the side of a building, in New York. Stocks are off to a solid start on Wall Street, continuing a bounce from a day earlier, but indexes are still on track for weekly losses after three days of drops

A Rolls-Royce logo is seen at the company’s aerospace engineering and development site in Bristol, Britain, December 17, 2015. REUTERS/Toby Melville British engineering company Rolls-Royce (RR.L) stuck to its guidance to turn free cash flow positive at some point during the second half of 2021 as vaccinations kick in and travellers return to the skies.

File – In this Monday, April 12, 2021 file photo, empty Oxford Street in London before shops open at 7:00am, after coronavirus measures were lifted. The British economy contracted by 1.5% in the first quarter of 2021, a relatively modest contraction given that the country was in the midst of a strict lockdown to combat

A passerby wearing a protective mask is silhouetted in front of a screen of blank prices on a stock quotation board after Tokyo Stock Exchange temporarily suspended all trading due to system problems, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan October 1, 2020. REUTERS/Issei Kato By Stanley White Stocks rose on Monday amid

File Photo/Somali Times Somali Foreign Minister Mohamed Abdirizak Mohamud, who was interviewed on ClubHouse, said Somalia could do without foreign financial support. The answer to the question of whether we need financial support is yes, we can,” he said. He added, ”In order to avoid this, Somalis need to understand that we have a very

File Photo/Somali Times The Federal Government of Somalia has announced the resumption of diplomatic relations with Kenya. Somali Deputy Minister of Information Abdirahman Yusuf Sheikh Al-Adala recently addressed the media and read out a statement from the Somali government. ”Joint communiqué on the resumption of diplomatic relations between Somalia and Kenya.” The Federal Government of