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Tags archive: COVID-19 pandemic

Home /Tag: COVID-19 pandemic
Financial Services

Standard Bank bags global award for SME Covid-19 crisis relief effort

February 20, 2021 0

SOUTH AFRICA - Standard Bank has been recognised as among the top banks globally in its efforts to support and provide relief to its small…

Govt. & Development Organisations

IMF loans Kenya US$2.4b for budget support to weather Covid-19 hardships

February 16, 2021 0

KENYA – The government of Kenya is set to receive a US$2.4 billion loan from the International Monetary Fund (IMF) for budget support to weather…

Aviation, Transport & Logistics

Kenya Airways to receive US$91.4m bailout from the government

February 11, 2021 0

KENYA – National carrier Kenya Airways (KQ), has received US$91.4 million from the Kenyan government as part of efforts to prop up the carrier after…

Aviation, Transport & Logistics

South Africa’s Acsa sells stake in Mumbai Airport to Adani Group for US$87.6m

February 9, 2021 0

SOUTH AFRICA – Airports Company South Africa (Acsa) has disposed of its 10 percent stake in India-based Mumbai International Airport Private Limited (Mial) for US$87.6…

Govt. & Development Organisations

Kenya gets US$18m for green trade and Covid-19 war from Denmark

February 3, 2021 0

KENYA – The government of Kenya has received US$18 million support from Denmark to help promote East Africa regional trade and combat Covid-19 pandemic. The…

Investments, Financials & Economy

Kenya in first recession since 2000 as Covid-19 ravages the economy

January 29, 2021 0

KENYA - Kenya slid into a recession for the first time in two decades in the third quarter of 2020 as measures introduced by the…

LATEST NEWS

Clicks Group to close Musica retail stores after 29 years as Covid-19 hits hard

January 29, 2021 0

SOUTH AFRICA - Clicks Group has closed its Musica entertainment business due to the shift to digital consumption of music, movies, and games, exacerbated by…

Financial Services

Kenya’s diaspora remittances hit US$3.1b despite Covid-19 pandemic

January 16, 2021 0

KENYA – Kenyans in diaspora sent home more than US$3.1 billion last year, according to Central Bank of Kenya (CBK) data, a significant increase from…

Financial Services

Development Bank of Namibia and Germany’s KfW sign agreement to finance SMEs

January 7, 2021 0

NAMIBIA – The Development Bank of Namibia (DBN) and the Development Bank of Germany (KfW) have signed a loan agreement in which KfW will provide…

Hospitality, Tourism & Entertainment

Radisson Blu closes one of its hotels in Kenya as bookings remain low

December 14, 2020 0

KENYA - Global hotel brand Radisson Hotels has halted operations in their Nairobi’s Upper Hill unit and sent most of its staff home as bookings…

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