Category: Finance News

January 23, 2020 0

US Treasury Secretary advises Greta Thunberg to ‘go study’

By mykenyancareers

DAVOS, Switzerland, Jan 23 – US Treasury Secretary Steven Mnuchin on Thursday advised climate activist Greta Thunberg, who has been bitterly critical of US policy at the World Economic Forum, to study economics before giving out lessons. Asked about the Swedish 17-year-old’s demand for an immediate halt to investment in fossil fuels, he told reporters: … Continue reading “US Treasury Secretary advises Greta Thunberg to ‘go study’”

January 22, 2020 0

Virus fears infect global markets

By mykenyancareers

NEW YORK, United States, Jan 22 – Asian stock markets slumped Tuesday as a SARS-like virus taking hold in China spooked investors, while sentiment suffered a knock also from a credit-ratings downgrade to major financial hub Hong Kong. Most European and US markets followed Asia lower after Hong Kong slumped 2.8 percent by the close … Continue reading “Virus fears infect global markets”

January 21, 2020 0

Thunberg slams climate change inaction as Davos awaits Trump

By mykenyancareers

DAVOS, Switzerland, Jan 21 – Swedish teen activist Greta Thunberg on Tuesday slammed global inaction on climate change in front of the world’s top business leaders, as the annual Davos forum faced up to the perils of global warming while bracing for an address from US President Donald Trump. The 50th meeting of the World … Continue reading “Thunberg slams climate change inaction as Davos awaits Trump”

January 20, 2020 0

President Kenyatta launches Kenya’s first green bond at London Stock Exchange

By mykenyancareers

LONDON, United Kingdom, Jan 20 – President Uhuru Kenyatta today rang the bell to kick off the trading of Kenya’s first green bond at the London Stock Exchange (LSE). Speaking during the launch, the President urged UK investors to use Kenya as a gateway to investing into Africa and a bridge to the emerging market … Continue reading “President Kenyatta launches Kenya’s first green bond at London Stock Exchange”

January 17, 2020 0

Access bank Nigeria gains full acquisition of Transnational Bank

By mykenyancareers

NAIROBI, Kenya, Jan 17 – Central Bank of Kenya has approved the acquisition of 100% of Transnational by Access Bank effective February 2020. In a statement, CBK says the move comes as a result of approval by the bank regulator and treasury in line with the banking act. “This follows CBK’s approval on December 24, … Continue reading “Access bank Nigeria gains full acquisition of Transnational Bank”

January 16, 2020 0

300 meet threshold to be allocated homes at Nairobi’s Park Road

By mykenyancareers

NAIROBI, Kenya, Jan 16 – About 300 Kenyans have met the 12.5% threshold which is the bare minimum for one to qualify for a housing unit at the Park Road housing development in Nairobi. 228 units will now be up for grabs after the Chinese contractor, China State Construction Engineering handed over the homes to … Continue reading “300 meet threshold to be allocated homes at Nairobi’s Park Road”

January 16, 2020 0

UK pledges additional £15mn towards infrastructure in Africa

By mykenyancareers

NAIROBI, Kenya, Jan 16 – The United kingdom has pledged new aid to support infrastructure development in Africa. Following his visit to Kenya, International Development Secretary, Alok Sharma said the Cities and Infrastructure for Growth programme in Africa is to receive an extra £15 million in UK aid. Sharma announced that he would set up … Continue reading “UK pledges additional £15mn towards infrastructure in Africa”

January 16, 2020 0

Government keen on evaluating Kenya’s debt porfolio-Yatani

By mykenyancareers

NAIROBI, Kenya, Jan 16 – The government is now keen to review its debt portfolio and instead prioritize seeking favorable options that will not hurt the economy. Cabinet Secretary Treasury and Planning Ukur Yatani says it wants to shift from external borrowing and do concessional instead where more money will be used for capital investment. … Continue reading “Government keen on evaluating Kenya’s debt porfolio-Yatani”

January 16, 2020 0

US stocks edge higher ahead of China trade deal signing

By mykenyancareers

NEW YORK, United States, Jan 16 – Wall Street stocks edged higher early Thursday ahead of the signing of the US-China trade accord and as markets digested mixed earnings reports. Investors have welcomed the trade deal as a sign of mellowing tensions between the two economic superpowers, but some analysts note investors have largely priced … Continue reading “US stocks edge higher ahead of China trade deal signing”

January 15, 2020 0

Pay farmers Sh33 for their milk, Munya orders New KCC

By mykenyancareers

NAIROBI, Kenya, Jan 15 – New Agriculture Cabinet Secretary Peter Munya on Wednesday ordered New Kenya Co-operative Creameries (KCC) to increase milk price to Sh33 per litre from the current Sh25, a day after the President Uhuru Kenyatta directed Treasury to release Sh500 million for buying excess milk from farmers. Speaking after assuming the docket … Continue reading “Pay farmers Sh33 for their milk, Munya orders New KCC”