Fitch Ratings has assigned I&M Bank and its parent company I&M Group Plc a national long-term rating of A+ with a stable outlook. Both entities have also been assigned Long-Term Issuer Default Ratings (IDRs) of ‘B’ with a negative outlook. The respective negative outlooks mirror the outlook on the sovereign rating. “I&M Group’s business profile […]
Hamas, the group which controls the Gaza Strip, has ruled out any more hostage releases until Israel agrees to a “full cessation of aggression”. Israel says it has killed more than 2,000 Hamas fighters in Gaza since a truce earlier this month when more than 100 hostages were freed. Around 120 people abducted from Israel […]
The Czech Republic has declared Saturday a national day of mourning after a gunman killed 14 people and injured 25 at a university in Prague. President Petr Pavel expressed his “great sadness” and “helpless anger at the totally unnecessary” loss of life. The gunman, who police said had been “eliminated”, is believed to have also […]
Former Cabinet Secretary Najib Balala is at the Malindi Court where he is set to be charged over irregular Ksh 8.5 billion procurement. Balala was arrested in Nairobi on Friday by detectives from the Ethics and Anti-Corruption Commission and airlifted to Malindi to be arraigned in court. The former Cabinet Secretary who served under President […]
President William Ruto has urged Kenyans to be patriotic and uphold the ideals of the country’s forefathers. He said Kenyans should maintain a positive perspective of their country irrespective of circumstances, saying challenges facing the nation were being addressed. President Ruto expressed concern that Kenya was being appreciated by outsiders, but some Kenyans were disparaging […]
The White House says Nippon Steel’s plan to buy US Steel should be probed on national security grounds,even though Japan is a “close ally”. It also expressed concern about the deal’s potential impact on supply chain reliability in a Thursday statement. The $15bn (£12bn) purchase of the 122-year-old steelmaker would create one of the world’s biggest steel […]
The High court will on 27th December 2023 deliver its Judgment on the legal ownership of Stay online Limited, the company that is at the Centre of a commercial dispute. Commercial High Court Judge Alfred Mabeya said the dispute between Kirimi Koome and Desire Muhiyunza should be decided urgently in order for the Ksh 400 […]
The custom of exchanging gifts has long been a focal point of our festivities during the holiday season, which is associated with the joy of giving and receiving. This age-old tradition dates back to the earliest stages of human civilization, when individuals traded unusual mementos—like oddly shaped rocks or animal teeth—to strengthen relationships and show […]
Prime Cabinet Secretary Musalia Mudavadi has affirmed that the tax regime in the country is not punitive. Mudavadi said that measures being undertaken by the taxman are aimed at stabilizing revenue collection parameters government due to the economic distress the country experiencing. For the country to get out of its current situation, Mudavadi said Kenyans […]
Prime Cabinet Secretary Musalia Mudavadi has maintained that the government is putting in place strategies that will bring cost of living come down in the near future. Although key indicators towards economic recovery and sustainability take different approaches, Mudavadi says Kenyans should be optimistic that the country is on the right path. He urged Kenyans […]
The Kenya-China Alumni Association on Saturday held celebrations in Nairobi to mark the 60th anniversary of the establishment of Kenya-China Diplomatic relations. The celebrations were marked with three major activities. There was the unveiling of Kenya-China’s 60-year friendship documentary produced by the association documenting what has been done over the years. Besides this, there was […]
The national assembly has assured residents of North Rift that they will make laws which will make cattle rustling and banditry to be considered serious crimes like terrorism. The chair departmental committee on administration and internal security Gabriel Tongoyo said that during the last electioneering period, more than 600 people lost their lives as a […]
