March 14, 2020

Investors move funds to National Treasury

Jitters surrounding the coronavirus outbreak has pushed investors into packing more funds in the National Treasury as participants flee the alternative equities market. Investor subscriptions to the weekly traded Treasury bills (T-bills) topped Ksh.63.4 billion against a Ksh.24 billion target to represent a 264 percent rate of subscription, the highest […]
March 14, 2020

Kenyan pilot Subow Mohamed Ahmed arrested over Ksh.39B fake arms deal

Subow Mohamed Ahmed, a Kenyan pilot working with a local aviation company, has been arrested over the Ksh.39billion fake arms deal. According to the Directorate of Criminal Investigations, the suspected was arrested by detectives based at the Jomo Kenyatta International Airport. The arrest was reported to be on the strength […]
March 14, 2020

Sampdoria, Fiorentina players test positive for coronavirus

Four more players at Sampdoria plus one from Fiorentina have tested positive for coronavirus, the two clubs said on Friday, bringing the total number of infected players in Italy’s Serie A to seven. Sampdoria, based in Genoa, said the players — Norwegian Morten Thorsby, Swede Albin Ekdal, Gambian Omar Colley […]
March 14, 2020

Kenyan economy braces for impact after first coronavirus case

The local economy is bracing for an unprecedented impact with the first case of the novel coronavirus that was reported on Friday. Economic risks had until now been more profound from an external position making the first domestic case a game changer in the assessment of the extent of damage […]
March 14, 2020

Africa Nazarene University closed over coronavirus contact trace in Ongata Rongai

Africa Nazarene University has suspended on-campus classes after Kenya confirmed its first positive case of coronavirus. According to the Vice Chancellor Stanley Bhebhe, health officials identified that the contact trace of the confirmed case includes Ongata Rongai where the university is located. “After careful consideration and analysis of the situation, […]
March 14, 2020

London marathon postponed to October due to coronavirus

The annual London marathon which was due to take place on April 26 has been postponed to October 4 because of coronavirus, the organizers said on Friday, marking the latest in a long line of major international sport events disrupted by the pandemic. “The world is in an unprecedented situation […]
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