#PamojaTuungane initiative come after the National Drought Management Authority called for provision of food assistance and scaling up of cash transfers to households in 23 counties who are currently food insecure. You can help by dialing *126# Marsabit is one of the worst affected zones as over 250,000 people are already in dire need of food #PamojaTuungane

@SafaricomPLC's Kes100 million food donation is expected to provide immediate relief to over 20,000 households in Marsabit County which is one of the worst hit by the prevailing drought #PamojaTuungane Other counties where populations are facing acute hunger are: Sumburu, Turkana, Wajir, Baringo, Isiolo, and Mandera #PamojaTuungane

The government owed Shell licensee Vivo Energy Kenya Sh3.5 billion ($31 million) for the fuel subsidy scheme in the year ended December, highlighting the State’s struggles to pay oil marketers for keeping pump prices unchanged ~ @BD_Africa The oil marketer’s parent company, Vivo Energy Group Plc disclosed the arrears in its annual report for the period under review. The arrears are under the line ‘other government benefits receivable’

The salaries agency wants to survey the earnings of health workers in select countries and use the findings to review the pay of their Kenyan counterparts amid a clamour for a raise ~ @BD_Africa The survey will sample 20 countries — in Africa, Asia, Europe, North America, South America, and Australia- selected based on justification such as those that Kenya loses her health workers to, said SRC in a notice

China’s exports rose 15.7% over a year ago in March while imports were flat amid disruption due to coronavirus outbreaks as the ruling Communist Party enforces a “zero-COVID” strategy to isolate every case ~ AP Exports rose to $276.1 billion despite anti-virus controls in Shanghai and other industrial centers that are causing factories to reduce production, customs data showed Wednesday. Imports rose less than 1% to $228.7 billion

Sam Onyango is a budding songwriter and singer who’s trying to carve a career in music and he reckons YouTube is his likely path to fame and success #SafaricomYouthOrchestra bit.ly/3ObucFB At #SafaricomYouthOrchestra, Sam has perfected playing trumpet and French horn instruments, a skill that he’s banking on to build his career in music

The future of Kenya’s Turkana oil project is dependent on the British oil explorer Tullow and its partners getting a strategic investor, the firm has disclosed ~ @BD_Africa Failure to secure a strategic investor would deal a blow to Kenya’s hopes of petro-dollars needed to fuel economic growth as the project would face an uncertain future, the London listed Tullow now says

A total of 26 Kenyan companies have committed trade investments worth $1.6 billion in the mineral-rich Democratic Republic of Congo (DRC) The firms are part of the Kenya delegation that participated in last year’s Kenya-DRC Trade Mission organized by the Government of Kenya and the Government of the Democratic Republic of Congo (DRC) in partnership with Equity Group

Close associates of former President Daniel Moi will in the coming weeks receive an additional Kes390 million for selling a majority stake in Transnational Bank to Nigeria’s Access Bank over two years ago ~ @BD_Africa Access Bank acquired a 99.98 percent stake of Transnational Bank and paid Kes1.21 billion in cash in early 2020 for the deal valued at Kes1.56 billion

Sri Lanka has defaulted on its $51 billion foreign debt today as the island nation grapples with the worst economic crisis in memory and widespread protests swell demanding the government's resignation ~ AFP Acute food and fuel shortages, alongside long daily electricity blackouts, have brought widespread suffering to the country's 22 million people in the most painful downturn since independence in 1948

Let us come together and support our brothers and sisters affected by drought. Dial-up *126# from your handset to donate cash or Bonga Points, or donate food via @naivas_kenya outlets across Kenya #PamojaTuungane bit.ly/3M0XtBg Residents in Marsabit, Samburu, Turkana, Wajir, Baringo, Isiolo and Mandera counties are in dire need of relief food #PamojaTuungane

Resolution Insurance collapsed with over Kes6.5 billion in client cash, insurance claims, and creditor funds after its shareholders failed to recapitalize the business ~ @BD_Africa The Insurance Regulatory Authority (IRA) said the insurer had collected Sh4.1 billion in premiums from policyholders out of which 90 percent were medical customers

News of @SafaricomPLC entry into Ethiopia telcom market sent its share price rallying to a record average of Kes41.75 increasing shareholder paper wealth by Sh90.1 billion in a day on Monday, May 25 bit.ly/3yB1Uwy At Kes.1.67 trillion, the value of @SafaricomPLC counter hit 62 per cent of the Nairobi Securities Exchange (NSE), effectively pinning the fortunes of Kenya’s capital market to the success of the telco giant. @NSE_PLC

“We have fortified and strengthened the breath and depth of our management, aligning it to strategy and execution, creating a two tier team” ~ Equity Group CEO James Mwangi
#Equity2021Q1Results “ We could improve in the areas of credit management but our overall strategy has enabled us to jump faster than expected” ~ @KeEquityBank CEO Dr James Mwangi

#Equity2021Q1Results

NCBA Group posts a remarkable 75 per cent growth in earnings with its quarterly profit to March 2021 rising to Kes.2.8 billion from Kes.1.6 billion last year on the back of improved interest income and a lower cost base @NCBABankKenya NCBA total operating income has risen to Kes.11.8 billion from Kes.10.9 billion on the back of a 20 per cent rise to net interest income to Kes.6.6 billion which helped offset a 3.7 per cent decline in non funded income to Kes.5.2 billion. @NCBABankKenya

@SafaricomPLC CEO Peter Ndegwa says there's real commitment from Ethiopia to facilitate new licensees to operate #TwendeTukiuke As soon as we are allowed we'll replicate the success we have had in mobile money services business in Kenya and other parts of the world. Ethiopia has allowed new licensees to operate mobile money within a year - @SafaricomPLC CEO Peter Ndegwa #TwendeTukiuke

Low cost carrier @FlyJambojet is today offering a sneak peak into its brand new ‘De Havilland Dash 8 Q400 FSI Flight stimulator’ , a first of its kind in the East African Region ... (Thread) The FSI flight stimulator will be crucial for pilot training within Kenya 🇰🇪 and will essentially slash travel cost for @FlyJambojet pilots who would normally fly all the way to Canada 🇨🇦 to receive the exact same training.

The Capital Markets Authority has admitted KOA Save Africa Ltd and Moneto Ventures Ltd to the Regulatory Sandbox. The two firms will test their innovations in a live capital market environment, in compliance with the CMA Regulatory Sandbox Policy Guidance Notes @CMAKenya The move is in line with the commitment to develop and deepen the capital markets by facilitating the deployment of financial technology (fintech).

Egypt has received the first batch of raw materials to start manufacturing China’s Sinovac Covid-19 vaccine bit.ly/3wvkcNV Egypt will start local production of the Sinovac COVID-19 vaccine in June, with the first two million doses being produced at the Egyptian Holding Company for Biological Products and Vaccines (VACSERA)

Invasive alien species introduced by human activity are costing African agriculture industry an estimated Kes.385 trillion ($3.6 trillion) a year. @CABI_News bit.ly/2SnxhKn Kenya, Ghana, Britain and Switzerland scientists have found out that non-native species of weeds, insects or worms have catastrophic effects on farming with just a single bug capable of drastically reducing yields of staple crops in Africa

It’s a new dawn for the community of over 400 learners in Nairobi, who can now dream of a future where their aspirations in education can yield fruits for generations to come #NdotoZetuUwezoWetu bit.ly/2RGJk5x The school has benefited from two projects; a science laboratory and a 16-door ablution block that cumulatively received about KES5.5 million from @SafaricomFDN under #NdotoZetuUwezoWetu initiative