Omar Mohammed

UPDATE 2-Kenyan lender KCB Group's Q1 profit after tax misses expectations

20 May 2020

NAIROBI, May 20 KCB Group's first-quarter profit missed expectations due to the impact of coronavirus, Kenya's biggest lender said on Wednesday, adding that the pandemic was likely to affect its performance for the next two quarters.

UPDATE 2-Kenya's central bank cuts benchmark lending rate again

29 Apr 2020

NAIROBI, April 29 Kenya's central bank cut its benchmark lending rate again on Wednesday, to 7.0% from 7.25%, saying measures to tackle the impact of the coronavirus were having an effect but it needed to do more due to the adverse economic outlook.

UPDATE 2-Egypt's Commercial International Bank buys 51% of Kenya's Mayfair

24 Apr 2020

NAIROBI, April 24 Egypt's Commercial International Bank (CIB) has acquired a 51% stake in Kenya's Mayfair Bank, the Kenyan central bank said on Friday, the latest in a string of deals in the East African nation's banking sector.

Mideast, African governments failing to protect airlines: IATA

23 Apr 2020

DUBAI/NAIROBI Middle Eastern and African governments are failing to take the action required to protect their airlines from the economic crisis caused by the new coronavirus pandemic, the International Air Transport Association (IATA) said on Thursday.

Former London Marathon winner Wanjiru denies wrongdoing after provisional ban

15 Apr 2020

NAIROBI Kenyan Daniel Wanjiru, the 2017 London Marathon winner, has denied any wrongdoing after he was provisionally suspended for an Athlete Biological Passport (ABP) violation by the sport's independent Athletics Integrity Unit on Tuesday. | Video

With tourists gone, Africa's conservationists brace for the worst

09 Apr 2020

NAIROBI/JOHANNESBURG The orphaned baby elephants ambled in for their morning feed at Kenya's Sheldrick Wildlife Trust (SWT), but the hundreds of visitors who would normally be waiting to watch them were absent. So were their dollars. | Video

"We are at war": Kenya halts movement to areas worst hit by coronavirus

07 Apr 2020

NAIROBI President Uhuru Kenyatta barred movement into and out of Kenya's four regions most affected by the new coronavirus on Monday, including the capital Nairobi. | Video

Safaricom, Vodacom finalise M-Pesa acquisition from Britain's Vodafone

06 Apr 2020

NAIROBI Kenya's leading telecom firm Safaricom and South Africa's Vodacom said on Monday that they had completed the acquisition of popular mobile money platform M-Pesa from Britain's Vodafone .

East Africa locust swarms gather as coronavirus curbs delay pesticides

03 Apr 2020

NAIROBI Coronavirus-linked flight restrictions are hampering efforts to wipe out locust swarms on the verge of devastating crops in eastern Africa, the U.N. Food and Agriculture Organization (FAO) said.

We will win fight against coronavirus, says marathon great Kipchoge

30 Mar 2020

NAIROBI Eliud Kipchoge, the world's greatest marathon man, reckoned his first reaction was shock when he heard at home in Kenya that the 2020 Olympic Games had been postponed because of the coronavirus outbreak. | Video

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