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Thursday, September 23, 2021

Pfizer: Jab is safe for children 5 to 11 years

Covid-19 vaccine maker Pfizer-BioNTech says it is ready to seek regulatory approval after trial results revealed that their vaccine is safe and produces a robust immune response in children aged five to 11. US pharma giant Pfizer and its German partner said the vaccine would be administered at a lower dosage than for people aged above 12 years. “In participants five...
IMF Chief

The World Bank fingers China as it kills business ranking report

Citing pressure from China and other countries keen on getting a favorable global rating, the World Bank has stopped publishing the Ease of Doing Business Report. The global lender's investigation into data irregularities cited "direct and indirect pressure" meted on the bank chiefs, including then CEO Kristalina Georgieva to boost China's ranking in the 2017 edition of "Doing Business" survey.
Kip Keino Classic

Safaricom injects Kes4.5 million in Kip Keino Classic

The second edition of Kip Keino Classic Continental Tour that is going down this Saturday at the Moi International Sports Centre, Kasarani, has received Kes4.5 million boost from Safaricom. The sponsorship will cater for a fully kitted media centre and high-speed internet connection to all the functional areas at the event which is part of the World Athletics Continental Tour Gold series.
Sinopharm Covid-19 Vaccine

Kenya Covid-19 positivity rate at 6.3 per cent

Kenya reported 234 new Covid-19 infections on Sunday from a sample size of 3,737 people, reflecting a positivity rate of 6.3 per cent and pushing the country's caseload to 246,530. Nairobi has the highest number of infections at 49, while Baringo, Kisii, Nandi, Kisumu, Kericho, Kwale, Embu, Homa Bay, and Isiolo counties recorded the least number of infections with a case each.
Martha Koome

Want to sue? Kisumu, Nakuru and Meru have fastest high courts

You are more likely to get justice faster if you file a civil matter in Kisumu High Court, which recorded the fastest clearance rate according to a performance review by Chief Justice Martha Koome. Kisumu High Court, with a case clearance rate of 294 per cent emerged as the best performing court in the civil cases category. Nakuru and Meru high...
KRA TAX

Tax law sees banks shoulder heavy cost of loan defaults

A study of the total tax paid by banks in Kenya is raising questions about the treatment of particular payments to the taxman, especially how to treat loans that fall in default. For every Sh100 profit made by banks, the taxman collected Sh49.4 last year which was an increase from the Sh48.9 paid to the Kenya Revenue Authority (KRA) in 2019 according to PricewaterhouseCoopers...

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National Treasury

The shame of Kenya’s monster appetite for loans

In personal finance, hardly would you opt for a mobile loan to clear your outstanding bank facility. As a...
Tullow Oil

Tullow Oil ups Kenya output to 120,000 barrels per day

Tullow Oil has raised its stakes for its Kenyan Oil investment affirming the commercial viability of the energy project.

JOBS

Number of M-PESA agents double during Covid-19 pandemic

The number of Safaricom M-PESA agents doubled last year at a time when Kenyans were seeking side hustles and odd jobs to...

Sanlam issues profit warning on forex and Covid-19 woes

Sanlam Kenya has issued a profit warning joining almost 15 companies at the Nairobi Securities Exchange to project a 25 per cent...

Kenya Power to pump Sh1.63b to boost power supply in North...

Kenya Power has set aside Sh1.63 billion to finance various projects aimed at strengthening the distribution network in North Rift region, to provide adequate and reliable...

Mortgage lender gets nod to restructure loans

Bond holders have given Shelter Afrique a go ahead to renegotiate it's short term loans over the next three months. The mortgage lender can now...

OTHER NEWS

Covid-19 vaccine is protecting older people, latest data shows

A rising number of signals show that vaccinations are starting to reshape the Covid-19 pandemic infection curve among the elderly across the...

Kenya among six African nations to receive US vaccine aid

Kenya is one of the six countries in Africa that have been picked to get a share of 55 million vaccine donations...

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Kenya joins race to make Covid vaccines

Plans are in the pipeline for Kenya to open a filling plant for Covid-19 vaccines next year, Health Cabinet Secretary Mutahi Kagwe...

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