Under the framework of the China-Africa cooperation forum, China will further extend loan payment forbearance for some countries including African countries, President Xi told the China-Africa summit.

Reference:https://www.businessdailyafrica.com/news/world/Debt-repayment-China-to-exempt-some-African-nations/4259366-5578830-hwd1jgz/index.html

The European Union has granted Kenya Ksh.601.5 million (€5 million) to support the Safe Trade Emergency Facility implemented by Trade Mark East Africa (TMEA).

The contribution by Eurozone makes for the largest donor in the programme, rolled out in the wake of the COVID-19 pandemic to keep regional trade afloat even as countries wage war on the virus.

The inflows were estimated at $1.33 billion (Sh141.84 billion), a drop of 18.08 percent over nearly $1.63 billion (Sh173.15 billion) that foreign investors pumped into the Kenyan economy in 2018, the United Nations Conference on Trade and Development (UNCTAD) wrote in a report published on Tuesday. Reference:https://www.businessdailyafrica.com/news/Kenya-foreign-direct-investment-falls-by-Sh31bn/539546-5577744-fubarsz/index.html

The task of fighting this pandemic is huge and no single entity can do it alone. My hope is that this contribution will assist the government as it works with the medical services and frontline staff to save lives in Kenya,” said CIB chairman and managing director Hisham Ezz Al-Arab in statement on Wednesday. Reference:https://www.businessdailyafrica.com/news/Egypt-lender-donates-Sh10m-to-Kenya-Covid19-kitty/539546-5578330-5n6vptz/index.html

Last Thursday, Treasury CS Ukur Yattani read out the BUDGET2020 under the theme: “Stimulating the Economy to Safeguard Livelihoods, Jobs, Businesses and Industrial Recovery.” The budget came at a time that the economy is struggling to stay afloat due to the prolonged lockdown measures. READ MORE..

Safaricom customers donated 1 Billion Bonga Points worth approximately KSh 330 million in the past two months. A statement from Safaricom reveals that over 600,000 customers redeemed or transferred Bonga points under the Bonga For Good initiative. READ MORE..

Kenya hit a record high for new coronavirus cases on Wednesday after 184 cases were confirmed in 24 hours.

Health Chief Administrative Secretary Rashid Aman said the new cases were recorded from 2,518 samples.

The new cases include 111 from Nairobi, 19 from Mombasa, 14 in Kajiado, 13 in Meru and nine in Kiambu.

Tusker Mattresses Limited has been ordered to furnish the regulator with its monthly bank statements for the past one year for all bank accounts relating to its retail business by Friday this week. Documents seen by the Business Daily show that this is part of a wide-ranging investigation into one of the country’s largest supermarket operators, which has lost the trust of the regulator. Reference:https://www.businessdailyafrica.com/news/CAK-probes-Tuskys-bank-accounts/539546-5577742-w6oh8d/index.html

In an effort to restore investor confidence, the Capital Markets Authority (CMA) has published a new raft of rules that require fund managers to provide more disclosures.

This follows legal battles between CMA and certain asset management firms after retail investors lost cash after the collapse of several funds that have sold commercial paper, and other debt instruments. READ MORE..

The University of Nairobi Vice-Chancellor, Prof. Stephen Kiama has been appointed to serve as the Chairperson of the newly formed East and Southern Africa (ESA) Regional Committee of the Association of Commonwealth Universities (ACU).