Only one out of three applications are likely to be approved as banks shift focus from personal and small business loans — considered risky after introduction of the rate cap law — to short-term government securities, Business Daily Africa reports. A survey by the Kenya Bankers Association (KBA) tracking the
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Opposition leaders have asked the electoral commission to postpone the coming election due to poor preparations. NASA leader Raila Odinga, who spoke in Trans Nzoia County on Sunday, said his group would not participate in an election whose outcome is pre-determined, reports the Standard Newspaper. “The IEBC chairman has already
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Leading pan African cement manufacturer, the Dangote Cement has maintained its strong hold in the Nigeria domestic cement market accounting for 65 percent of the Nigerian market volume, while other African plants’ volumes went up by 7.5 percent to 7.0 mta. The Cement Company has in the past months expanded
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The World Food Prize Foundation is partnering with President of the African Development Bank, Akinwumi Adesina, to establish the World Food Prize Africa Institute. This follows the awarding of the 2017 World Food Prize to Adesina this week in Des Moines, Iowa, where he announced his decision to dedicate the
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The World Health Organization has revoked the appointment of Zimbabwe's Robert Mugabe as a goodwill ambassador following a widespread outcry. "I have listened carefully to all who have expressed their concerns," WHO head Tedros Adhanom Ghebreyesus said in a statement. He had previously praised Zimbabwe for its commitment to public health. But
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Uganda’s main opposition leader was arrested and charged with murder, police said on Friday, after they broke up a rally organised to protest moves to extend President Yoweri Museveni’s rule. Kizza Besigye, who has contested and lost four elections against long-time leader Museveni, was detained on Thursday. Police blamed Besigye
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Thousands of Somalis gathered Friday to pray at the site of the country’s deadliest bombing. Last Saturday a truck bomb exploded on a busy street in Mogadishu, killing what is now believed to be 358 people. As Somalis in the capital city paid their respects, the Somali prime minister said
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The World Health Organization is part of an international effort working to rapidly contain an outbreak of the deadly Marburg virus in eastern Uganda on the border with Kenya. Marburg Hemorrhagic fever shares similarities with Ebola. The virus is very rare, extremely contagious, and has a high mortality rate. It
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President Salva Kiir opened South Sudan's first-ever kidney hospital Thursday in Juba, calling it a breakthrough for the country's medical care. The facility — a welcome positive sign in conflict-torn South Sudan -- is to provide free services to all kidney patients in the country, including foreigners who have been
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Zimbabwe President Robert Mugabe has long faced United States sanctions over his government's human rights abuses. But the World Health Organization's new chief is making the longtime African leader a "goodwill ambassador." With Mugabe on hand, WHO director-general Tedros Ghebreyesus told a conference in Uruguay this week on non-communicable diseases
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