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Kenya’s David Ndii ranked second most influential economist in Africa, 22nd globally
Trade Forex Market in Kenya
Tuskys pays Sh2.8b debt, seeks strategic investors
Safaricom M-Pesa Update Now Allows You to See How Much You Can Transact in a Day
Corteva Agriscience to train 20,000 Women Farmers in Kenya
Safaricom, UNESCO and Eneza Education partner for Digital Mentorship Programme
Kenya ships refurbished diesel trains to Nairobi
Safaricom Business Fuliza for enterprises
‘IMAX 20th Century is here to stay’, Director says days after auctioneers raided property over rent arrears
Huawei and partners to hire 40 people in an online fair

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Capital News

Boeing guarantees safety measures onboard as flights resume amid COVID-19 fears August 3, 2020
NAIROBI, Kenya August 3 – American aircraft manufacturer, Boeing, has assured passengers and crew of utmost safety onboard following fears of COVID-19 across the world.’ Boeing’s assurance follows raging debate on the safety of passengers onboard aircraft, at a time most nations, including Kenya, are easing travel restrictions after months of airspace closure over fears […]
Kenya’s National Police Service goes digital August 3, 2020
NAIROBI, Kenya, Aug 3- The National Police Service has now digitized its services in measures aimed at increasing efficiency and effectiveness in service delivery. The move follows the digitization of services at the Judiciar, the Director of Public Prosecutions and several other government agencies. “There is no turning back on this. It is going to […]
Nurse succumbs to COVID-19 in Kenya, a week after giving birth August 3, 2020
NAIROBI, Kenya, Aug 3- The number of healthcare workers who have succumbed to coronavirus in the country rose to eight on Monday, after a nurse died in Kisii County. Health Ministry’s Chief Administrative Secretary Dr. Rashid Aman said the nurse died days after giving birth. She was identified as Marian Awuor Adumbo who worked at […]
544 new COVID-19 cases and 13 deaths recorded in Kenya August 3, 2020
NAIROBI, Kenya Aug 3 – Kenya recorded 544 new infections from COVID-19 Monday raising the county’s caseload to 22, 597. Health Chief Administrative Secretary Rashid Aman told a news conference on the daily COVID-19 briefing that the new cases were identified from a pool of 2, 653 samples. “From the cases 499 are Kenyans while […]
Court halts implementation of Executive Order on independent institutions August 3, 2020
NAIROBI, Kenya, Aug 3- The High Court has issued a conservatory order stopping the implementation of the Executive Order, by President Uhuru Kenyatta, which listed the Judiciary in a re-calibrated government structure putting it under Presidency. In his ruling, Justice James Makau said the order should be stopped until a case filed by the Law […]
DCI arrests gang posing as Safaricom and StarTimes staff August 3, 2020
NAIROBI, Kenya, Aug 3- Police in Nairobi have arrested fraudsters posing as Safaricom and StarTimes employees. According to the Directorate of Criminal Investigations, the four have been using a range of merchandise, including electronic gadgets and laptops they purport to be promoting or selling to lure their victims. The DCI detectives involved in the investigations […]
At least 20 killed in Afghan prison raid claimed by Islamic State August 3, 2020
Jalalabad, Afghanistan, Aug 3 – At least 20 people have been killed in a raid claimed by the Islamic State group on an Afghan prison, officials said Monday, shattering a ceasefire between the Taliban and government forces marking the Muslim holiday of Eid al-Adha. Fighting was still raging on Monday, a day after gunmen stormed […]
Chinese beer lovers leave facemasks and worries behind as festival opens August 3, 2020
Beijing, China, Aug 3 – Thousands of Chinese beer lovers left their facemasks and virus worries behind to gather in large crowds and raise a much-needed glass as the annual Qingdao beer festival opened over the weekend. China has largely brought the coronavirus outbreak under control through a series of lockdowns and restrictions, and the […]
Homa Bay nurse succumbs to COVID-19 a week after safe delivery August 3, 2020
NAIROBI, Kenya Aug 3 – A 32-year-old nurse succumbed to coronavirus on Sunday, a week after successfully delivering her baby at the Kisii Teaching and Referral Hospital. Kisii County Director of Public Health Richard Ongware said the nurse died after her lungs collapsed due to effects of the COVID-19. The nurse had been referred from […]
SpaceX brings NASA astronauts home safe in milestone mission August 3, 2020
Washington, United States, Aug 3 – America’s first crewed spaceship to fly to the International Space Station in nearly a decade returned safely to Earth on Sunday, splashing down in the Gulf of Mexico. The successful mission, carried out jointly by SpaceX and NASA, demonstrated that the United States has the capacity once more to […]

Business Briefs

Cash-strapped families dump gas for kerosene
The financial pressure is suspected to have caused increased use of kerosene which can be bought in smaller quantities by low-income households.
KQ predicts passengers to remain at 50pc this year
Kenya Airways has forecasted passenger numbers to remain at half of its capacity for the remainder of the year.
LSK wins first round in suit against Uhuru
The Executive Order dated May 11, 2020, affected more than 20 commissions by putting them under respective departments and ministries.
Increasing NHIF-approved facilities is a healthy step
More members who live in rural areas will now be able to access proper healthcare from doctors instead of self-medicating to avoid expensive hospital care.
Mitumba traders seek import suspension lift
Second-hand clothes and shoe dealers have called on the government to lift the ban on imports of the products.
Foreign firms to buy more Kenyan products in tender proposal
Foreign firms that win government tenders will be forced to source more products and services from Kenyans if a Bill currently under MPs’ scrutiny becomes law.

Business Uganda

UETCL memo links power blackouts to shoddy work
The substation had been worked on by China International Water & Electric Corporation
BoU sets parameters to drive cashless economy
The Central Bank has set 2022 as the year in which Uganda would have achieved a cashless economy
Agribusiness SMEs to benefit investment platform
Dr Jagwe also said, Agra is working with other agencies led by Uganda Investment Authority (UIA) and private sector agencies to identify and prepare those that need financing.
Manduku’s secret lies in making agriculture equipment
Yet in 2013, the life of the proprietor of Homestead Farm in Komamboga, Nakawa Division, changed forever

Business Tanzania

M-Pesa global transfers climb 300pc
Vodacom Tanzania’s international money transfer service netted Sh102 billion between March and June 2020, to cement the growth in the overseas money transfer platform.
Court clears NMB in Sh158m suit
The High Court has dismissed a suit in which directors of a Makambako-based company were demanding payment of Sh158 million from a bank, which they accused of releasing details of its account to a third party without their consent.
Lending pace to private sector in Tanzania was slowest in 12 months
Issuance of loans to the private sector reached its 12-month slowest pace in May this year as Tanzanian banks faced low demand for credit following the outbreak of Covid-19 which severely hit some sectors of the economy.
NBC targets SMEs with unsecured loans
Dar es Salaam. Small and Medium Enterprises (SMEs) can now borrow without collateral after the National Bank of Commerce (NBC) introduced unsecured loans as part of its strategy to support the country’s industrialization agenda. The loans, which are issued basing on creditworthiness of a borrower, will cover distributors and suppliers of large companies, NBC director […]

Business Rwanda

Inside Rwanda coffee farmers’ growing farms and fortunes
Author(s): Jean de Dieu NsabimanaIts 10 AM on a Monday morning and Anastase Bizimana, President of Abakundakawa Rushashi, a cooperative of coffee farmers in Kageyo, Rusha
23-year-old’s experience and journey creating her own fashion brand
Author(s): Ange IlizaIn 2017, Kanyana Nadine, 23, took a bold decision.
How digital media outlets make money
Author(s): Ange IlizaTrends of the media industry’s revenue streams have been changing rapidly in recent years, with a majority of traditional media transitio
Review of Rwanda’s construction and real estate development
Author(s): Venant BahiziAfter the 1994 genocide against the Tutsi when almost the entire infrastructure was non functional, the Government of Rwanda embarked on

Business Ghana

ARB Apex Bank posts impressive performance in 2019 - Profit, assets, operational income up
ARB Apex Bank managed to record a moderate increase in its profit before tax from GH¢0.91 million in 2018 to GH¢1.0 million last year, representing a growth of 10 per cent. Although falling interest rates remained a burden on the profitability of bank, it still managed to put up an impressive performance, increasing its total […]
GCB announces GHS573.67 million profit at its 26th AGM
GCB Bank Limited recorded a significant growth in Profit before Tax of GHS573.67 million from GHS450.17 million in 2018, up by 27.4 per cent and paid a dividend of twenty pesewas per share. The performance was disclosed during the bank’s 26th Annual General Meeting (AGM) held virtually for its shareholders to consider and adopt Reports […]
Shoprite exits Nigeria after 15 years
Africa's biggest grocery retailer, Shoprite, is exiting Nigeria after 15 years. The South African-based retailer in a trading statement said it has started a formal process to consider the potential sale of all or a majority stake in its supermarkets in Nigeria. It said the move follows approaches from some potential investors. "Following approaches from […]
Microsoft in talks to buy TikTok's US operations
US tech giant Microsoft has confirmed that it is continuing talks to purchase the US operations of Chinese-owned video-sharing app TikTok. Microsoft boss Satya Nadella had a conversation with President Donald Trump about the acquisition on Sunday, the tech firm said. Microsoft stressed that it "fully appreciates the importance" of addressing President Trump's concerns. A […]

Business Nigeria

Stakeholders decry abuse of public resources, financial mismanagement
To minimize excessive abuse of public resources, the financial management system must be strengthened, while the government must carry out intensive economic reform to identify policy gaps The post Stakeholders decry abuse of public resources, financial mismanagement appeared first on The Guardian Nigeria News - Nigeria and World News.
Elumelu urges collaborations to boost Africa’s fortunes
The Group Chairman, United Bank for Africa (UBA) Plc, Tony O. Elumelu, said the Coronavirus pandemic has presented a perfect opportunity for foreign investors to invest in Africa The post Elumelu urges collaborations to boost Africa’s fortunes appeared first on The Guardian Nigeria News - Nigeria and World News.
Investment One’s Dollar Fund offers investor comfort amid FX uncertainty
As a petrodollar economy, Nigeria is susceptible to weakness in global oil prices which has continually impacted the country’s exchange rate and brings to the table conversations The post Investment One’s Dollar Fund offers investor comfort amid FX uncertainty appeared first on The Guardian Nigeria News - Nigeria and World News.
Nigerian firm petitions Reps for N14 billion NAOC debt
Indigenous oil services firm, DE COON Services Limited, has written to the House of Representatives to investigate an alleged contract breach of about N14billion, comprising $30 million The post Nigerian firm petitions Reps for N14 billion NAOC debt appeared first on The Guardian Nigeria News - Nigeria and World News.

Business Zim

Exchange rates head for convergence: CZI
Zimbabwe is slowly heading towards convergence of the official and parallel market exchange rates, as premiums between the US dollar and local currency fall, industry has said in a research note.
100pc salary increment for mine workers
The Chamber of Mines of Zimbabwe (CoMZ) has agreed to effect a slightly over 100 percent salary increment for mine workers as the mining companies’ representative body moves to cushion workers against inflation.
Motorists plead for fuel dual pricing
Government should come up with legislation that makes it mandatory for service stations to sell fuel in both foreign and local currency in line with the prevailing exchange rate, motorists have said.
Towards exchange rate stability
MEASURES introduced by the Reserve Bank of Zimbabwe (RBZ) just over a month ago to stymie a precipitous Zimbabwe dollar exchange rate volatility have yielded positive results thus far, economic analysts have said.

Business Africa

Botswana’s Choppies to exit South Africa, other African nations
To concentrate on growth in Botswana, where it’s listed.
Namibia to close schools, limit public gatherings
As Covid-19 cases surge.
Security forces head off anti-government protests in Zim
Citizens' anger rising over economic crisis.
Zimbabwe government minister died from Covid-19
Country has recorded 2 879 confirmed cases of the coronavirus and 40 deaths.

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Trade Forex Market in Kenya

July 22, 2020July 22, 2020 by abemartinson216

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Tuskys pays Sh2.8b debt, seeks strategic investors

July 22, 2020July 22, 2020 by abemartinson216

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Recent Posts

Whats the Decision! Investing Or Paying Off Debt?
Kenya’s David Ndii ranked second most influential economist in Africa, 22nd globally
Trade Forex Market in Kenya
Tuskys pays Sh2.8b debt, seeks strategic investors
Safaricom M-Pesa Update Now Allows You to See How Much You Can Transact in a Day
Corteva Agriscience to train 20,000 Women Farmers in Kenya

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