Cost of loans falls to lowest rate since 2005

Fresh data from the Central Bank of Kenya (CBK) shows that lending rates averaged 12.19 percent in February, the lowest since January 2005 when it stood at 12.12 percent during the reign of former governor Andrew Mullei.

Kenya in November scrapped the cap on commercial lending rates, which had been blamed for stalling lending to small businesses and individuals. The removal of the legal cap led to fears of a likely to return to the era of high lending rates, which had at one point hit a high of up to 25 percent.

Status of Learning at UoN during the Covid-19 Lockdown

The Corona Virus pandemic is a global phenomenon that has affected all sectors in every country in the world including higher education. Universities and colleges were forced to abruptly close and ongoing teaching of various courses was abandoned midstream. As a result, managers of universities and colleges with thousands of stranded students have been left wondering how to fill the gap and at the very least maintain some semblance of normality.

Safaricom rise lifts NSE from its 17-year low

Safaricom share has gained more than Sh160 billion in valuation in the last five trading sessions to lift the Nairobi bourse from a 17-year low caused by the coronavirus pandemic that has triggered a sell-off by foreign investors.

The share was trading at 28.60 on Friday, up 16.7 percent from Sh24.50 on Wednesday, March 25, when the market was at its low point. It had closed Thursday at Sh28.25 a share.

UoN in a Global Network to tackle Climate Change

University of Nairobi is among 40 universities in 18 countries spread across 6 continents that established a global network to tackle climate change.

The International Universities Climate Alliance (IUCA) that was launched on Thursday, April 2, 2020 comprised of universities that have strengths in engineering, economics, law, social science and planning as well as climate science courses.