New Absa funding line to benefit schools and parents in financing e-learning

“We understand that you might be going through a tough time and we would like to continue working with you to support your institution’s activities during and beyond these extraordinary times,” Absa Bank Kenya managing director Jeremy Awori said.

The Covid-19 pandemic forced the closure of schools two months ago, prompting the government to recommend virtual learning.

But this has been hindered by lack of the supporting infrastructure like laptops, tablets and smartphones for bothe teachers and learners.

EMBRACING TECHNOLOGY DURING AND AFTER COVID-19

The Coronavirus pandemic has turned the world on its head. No part of our lives has been left untouched by the global disruption. Children are out of school. Manufacturing firms have fallen silent. People are out of jobs in millions, and more are joining them every day. The best healthcare systems in the world are overwhelmed. Scientists world wide  are trying to understand the virus and find a vaccine.

Trading Activity at NSE Moves Up

There was a 67% improvement in volume, 283% improvement in turnover and 20% improvement in deals from Thursday’s trading.

GAINERS AND LOSERS

Standard Group was the top gainer for the day with 10% share price appreciation closing at KSh 19.80 per share. It was followed by Kenya Airways, Eveready East Africa, and Sameer Africa.

Top loser was Nairobi Business Ventures whose share price declined by 10% to close at KSh 0.54 per share. It was followed by Transcentury, Eaagads Limited, and Umeme Limited.