ISLAMABAD, May 5 (Xinhua) — The State Bank of Pakistan (SBP) announced on Monday a cut in the policy rate by 100 basis points to 11 percent with effect from May 6, citing easing inflation and improved economic indicators, said a statement. In its statement, the central bank said headline inflation dropped to 0.3 percent…
Kenya’s fiscal structure has undergone a dramatic shift in recent decades, with public debt interest payments rising at an unprecedented pace. Between July 2023 and June 2024, Kenya spent KSh 840.73 billion on servicing public debt, setting a new record. In the first six months of current 2024/25 financial year, which begun in July 2024,…
MAY 3 – A statement by Cabinet Secretary for Interior and National Security, Kipchumba Murkomen, has reignited a long-standing question that has haunted Baringo and other parts of Kenya for decades: Who is funding, fuelling, and sustaining the unrelenting cycle of banditry? The question resurfaced, sharpened by bitter irony, after a deadly attack occurred during…
President William Ruto will not assent to the Conflict of Interest Bill passed by Parliament after expressing concerns that it fails to sufficiently regulate the reception of gifts by public officials and their families, a gap he argues could be exploited to mask corruption. In a memorandum to lawmakers, President Ruto recommended amendments to require…
NAIROBI, Kenya, May 1 – Faith-based organizations across Africa are stepping up their role in public health, with religious leaders pledging support for maternal health and cervical cancer prevention efforts during the Faith in Action Health Conference in Nairobi. The two-day summit, convened by the Africa Health and Economic Transformation Initiative (AHETI), has brought together religious…
Car & General (Kenya) Plc has recorded a profit after tax of KSh 526 million for the financial year ended 31 December 2024, marking a solid rebound from the KSh 274 million loss posted in the 15-month period ending December 2023. The Group attributes the turnaround to “favourable foreign exchange rates“ and operational diversification across…
NAIROBI, Kenya, April 29 – The government has shut off over 50 betting firms for operating without the approvals of the Betting Control and Licensing Board (BCLB). In a letter sent to Communication Authority of Kenya (CA) CEO David Mugonyi, BLCB directed Safaricom to suspend all paybill payments as well as STK push services for…
The Comesa Competition Commission is cautioning buyers over Mercedes-Benz Model GLE (167) vehicle, which has been recalled by Mercedes-Benz South Africa. Earlier this month, the National Consumer Commission of South Africa (NCC) asked affected owners of models made between 2022-2025 to make a booking for the vehicles to be checked or repaired. The mid-sized luxury SUV’s processor in the control…
SAN FRANCISCO, April 27 (Xinhua) — The Trump administration said Friday that it will reverse the termination of the legal statuses of more than 1,200 international students amid legal challenges. U.S. Immigration and Customs Enforcement (ICE) was in the process of manually restoring the statuses for individuals whose Student and Exchange Visitor Information System (SEVIS)…
Be the first to know about new content