Photo: Credit /Business Daily Africa/Weston Hotel in Nairobi. Deputy President William Ruto has linked the court bid to demolish Weston Hotel to the 2022 Presidential Elections where he is fighting to replace President Uhuru Kenyatta. The hotel has filed fresh court papers arguing that the suit is a conspiracy between the Kenya Civil Aviation Authority

President Uhuru Kenyatta and French President Emmanuel Macron witness the signing of three bilateral agreements at Elysee Palace on October 1, 2020. Kenya has signed loan agreements worth Sh17.91 billion with France and the European Union (EU) as President Uhuru Kenyatta wraps up his State visit to that country. The parties signed four financing agreements

Democratic presidential candidate former Vice President Joe Biden arrives at United Food & Commercial Workers Union Local 951, Friday, Oct. 2, 2020, in Grand Rapids, Mich.. (AP Photo/Andrew Harnik) NEW YORK (Reuters) – Investors on Wall Street can add another layer of uncertainty to a market already unnerved by last month’s sell-off, stalled fiscal stimulus

Photo: Credit Reuters Technicians inspect a Rolls-Royce a car on the production line of the Rolls-Royce Goodwood factory, near Chichester, Britain, September 1, 2020. REUTERS/Peter Nicholls By Peggy Hollinger Rolls-Royce has announced plans to raise £2bn in a rescue rights issue, as well as drawing in government support for a new debt package of up

The Central Bank of Kenya (CBK) said lenders reviewed Sh849.9 billion of business loans in the period to August. Banks have restructured loans worth Sh1.12 trillion or 38 percent of the total loan book by end of August due to the coronavirus-induced economic hardships that have hurt the borrowers’ ability to repay. Personal and household

Central Bank of Kenya. The US has warned Kenya against manipulation of the shilling against the dollar during the ongoing talks for a bilateral trade pact. The US is seeking an undertaking that Kenya will let market forces influence the rate of exchange of the shilling to the dollar as part of the trade agreement.

Photo/Somali Times The Prime Minister of the Federal Republic of Somalia, Mohamed Hussein Roble today received in his office some of the International Ambassadors to Somalia and representatives of the United Nations, the European Union and the African Union. The meeting exchanged views on the situation in the country and how the new government can

Qatar Airways [GlynLowe/Flickr] Qatar Airways received a 7.3 billion riyal ($1.95 billion) lifeline from the Qatar government after losing 7 billion riyal in the year to March 31, the state-owned group disclosed on Sunday, Reuters reports. Several countries, including the United States, have stepped in to help airlines hammered by the coronavirus crisis that brought

Photo: Credit The Financial Times By Martin Arnold in Frankfurt More than 700,000 jobs would be at risk for EU companies exporting to Britain if the UK and Brussels fail to agree a trade deal this year, according to a leading German economic research institute. In total, including companies outside the EU that export to

Photo: Credit AFP SpaceX Falcon 9 rocket carrying the company’s Crew Dragon spacecraft launched from Launch Complex 39A on NASA’s SpaceX Demo-2 mission to the International Space Station. Kenya has been thrust into the centre of a fresh row between the US and China over a multi-billion dollar space programme that Washington says will put