– The exchequer is seeking for an additional KSh 75 billion loan from World Bank to plug budget deficit. the World Bank had on April 30, 2019, approved some KSh 25.62 billion (US$250 million.
The National Bank of Kenya has a loss of kshs 1.2 billion for the Full year ended 31 december 2015 against a profit of Ksh 1.3 billion posted in the previous year . The huge drop is mainly attributed to Non Performing Loans which increased in the last quarter of 2015. Provisions and loan impairment charge increased by Ksh 3.2 [.]
This comes a few months after the World Bank also approved Ksh.18 billion to support the energy sector in Kenya. The loan guarantee will be used to mobilize private sector financing to strengthen the financial position of Kenya Electricity Generation Company Limited (KenGen).
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Huawei has been placed on the U.S. Department of Commerce’s "Entity List," prohibiting the company from acquiring parts and components from U.S. companies without the approval of the federal government. This occurred on May 15, and the move is thought to be leverage in the ongoing trade war between the U.S. and China.
TFS Financial (TFSL) Upgraded by TheStreet to B- 207 Mitchell Place Dr, Thomasville, GA 31792 | Zillow Pittsburgh Post-Gazette – Get the latest Pittsburgh local news, breaking news, sports, entertainment, weather and traffic, as well as national and international news, from the pulitzer prize-winning staff of the Pittsburgh.TheStreet Upgrades Lumentum (LITE) to B- – Stock Observer – Lumentum (NASDAQ:LITE) was upgraded by stock analysts at TheStreet from a "c+" rating to a "b-" rating in a research note issued on Wednesday, TheStreetRatingsTable reports. Several other research firms have also issued reports on LITE. ValuEngine lowered shares of Lumentum from a "hold" rating to a "sell" rating in a research report on Friday, [.]
Equity Bank managed to overcome a challenging operating environment to post a 7% increase in their net profit to Ksh. 16.3 Billion up from Ksh. 15.2 Billion in 2016. This rise in profits was informed by an 82% increase in the interest income from government securities to Ksh. 12.2 Billion. Non-interest income also grew by 20% to Ksh. 18.4 Billion as compared to Ksh. 15.2 Billion in 2016.
. is set to cut shareholders a total interim dividend cheque of Sh1.5 billion despite. The Centum boss had acquired four million. Bank of Kenya (CBK).
Chinese loans pushing Kenyas debt to unsustainable levels, World Bank warns. The World Bank has warned that Kenya. only Sh738 million went to reducing the principal loans worth Sh275.
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World Bank approves KSh 75 billion loan to Kenya despite warning from CBK boss The Brainly community is constantly buzzing with the excitement of endless collaboration, proving that learning is more fun – and more effective – when we put our heads together.