Moody’s Changes Outlook on Kenya’s Rating to Negative from Stable
FAR Moody’s Investors Service, on Thursday changed the outlook on the Government of Kenya’s ratings to negative from stable. Concurrently, Moody’s has affirmed Kenya’s B2 issuer and senior unsecured ratings. The negative outlook reflects the rising financing risks posed by Kenya’s large gross borrowing requirements, which include amortization More...
Kenya floods kill 194 people, displace tens of thousands
Aljazeera Floods and landslides caused by heavy rain in Kenya have killed nearly 200 people, displaced 100,000 and strained critical infrastructure, officials said on Wednesday. The heavy rain, which accelerated More...
Tullow Oil exit from East Africa almost complete
Nation Tullow Oil’s exit from East Africa is gathering steam after the firm signed a deal to sell all its assets in Uganda. In an announcement made Thursday, Tullow said it’s transferring its assets for Lake More...
IMF to provide immediate debt relief to 25 countries most of which are in Africa.
The International Monetary Fund said on Monday it would provide immediate debt relief to 25 member countries under its Catastrophe Containment and Relief Trust (CCRT) to allow them to focus more financial resources More...
East Africa’s female flower workers lose jobs as coronavirus hits exports.
REUTERS: Emma Wanjiru had been packing roses at the flower farm in Kenya’s Rift Valley town of Naivasha for six months when she was told not to come back two weeks ago. The mother-of-two was devastated to lose More...
COVID 19 – Refugee Camps and migrants already facing the brunt of the pandemic.
According to WHO Africa office, COVID19 pandemic is spreading rapidly across African countries. To date there are over 11, 000 reported COVID positive cases , 1405 recovery and 575 deaths. The pandemic has had a More...
Global trade drops to the levels of the 2008/2009 Financial Crisis
The World Trade Organization (WTO) is predicting a severe decline in international commerce this year. In a new report the WTO forecasts a contraction of between 13% and 32% this year. The wide range of possibilities More...
Kenya private sector activity plunges in March – PMI
Reuters Private sector activity in Kenya tumbled in March as the global coronavirus pandemic hammered consumer demand and forced businesses to reduce their operations and staffing levels, a survey showed on Friday. The More...
COVID 19 may disrupt the schedule of the African continental free trade agreement -AfCFTA
By Agnes Gitau In every of the African Union member states, fighting the spread of Covid19 is the top priority. Every country is dedicating already strained resources to public healthcare provision whose infrastructure More...
Kenya : Economic measures to mitigate impact of COVID19
As Corona Virus continue to spread across the globe, Kenya has taken various preventative measures to prevent the spread of the virus and at the same time protect the economy. The country will go on partial lockdown More...
