Speaking during the event, Alumni Association Chairman, Mr. Isaac Awuondo observed that about 4000 students have benefited from the yearly scholarships, since the Alumni Association was established in 2005. He said that the aim to support scholarship beneficiaries get internships, jobs, work study programs and mentorship from the Alumni. The scholarship opportunities are only open to first years, but overwhelming applications were received from continuing students, signaling the need to broaden the list of beneficiaries.

In a live stream broadcast that reached over 22, 000 people, the UoN experts took time to demystify and correct false information that has been in the public on the corona virus.

Dr. Masika who moderated the session gave a brief introduction on the Corona virus said “It’s named corona virus because it looks like a crown; with a death toll of over 4,900 and over 126,000 infected across the globe.”

Kenya has set aside Sh500 million to help the tourism sector recover from the effects of the coronavirus outbreak, which is now threatening global economies.

Cabinet Secretary for Tourism and Wildlife Najib Balala said part of the funds will be used in marketing Kenya to restore destination confidence and keep the country as a preferred travel destination globally.

The rest will be used for the post-coronavirus recovery strategy in all Kenya's key source markets.

Agriculture Cabinet Secretary Peter Munya said all efforts were being to mobilise resources in the battle against the voracious insects that threaten food security.

“We have received Sh1.9 billion from the two institutions and this will go a long way in combating the locust menace,” said Mr Munya.

The World Bank has given Kenya Sh1.4 billion while the African Development Bank (AfDB) is said to have released Sh500 million to the government, which is still scouting for additional funds to fight the migratory insects.

While the residential real estate sector has slumped in the recent past, the student accommodation sector has been booming.

The S&P 500 declined by more than 7% at the opening bell, causing the New York Stock Exchange to apply a 15-minute circuit breaker. This is the second time trading was halted on Wall Street to prevent stocks from falling further. During Monday’s session, the S&P 500 collapsed 7%, activating level 1 circuit breaker.

The Dow dropped over 2,150 points losing 9.18% at 09:54 am ET while the Nasdaq 100 dropped by 7.42% at 10.00 am CET.

The Treasury Wednesday announced it had reduced pending bills by nearly 90 percent, offering relief to suppliers and contractors that have been the target of auctioneers.

Treasury Secretary Ukur Yatani said the pending bills had dropped from Sh152 billion to Sh18.71 billion over the past 18 months in a speedy payment scheme aimed at improving the fortunes of small businesses and easing a cash crunch across all sectors.

Frequent delays in those payments have been blamed for the financial troubles of small businesses and job losses.

KCB Group net profit for the full-year to December 2019 grew by 4.8 percent to Sh25.1 billion from Sh23.99 billion the previous year bolstered by growth in interest income from consolidated book with National Bank of Kenya

.

The lender's assets stand at Sh898.5 billion from Sh714.3 billion edging it closer to the Sh1 trillion psychological mark for the country's largest bank by assets.