The Higher Education Loans Board (HELB) says it will offer a 100 per cent penalty waiver for loans fully repaid within the next 60 days to encourage repayment. HELB Chief Executive Officer Charles Ringera said the 100 per cent COVID-19 penalty waiver dubbed ‘Kamilisha Malipo Ya HELB’ will run until 30th April 2022. The board says the Covid-19 pandemic affected repayment leading to a funding challenge. “HELB appreciates the fact that owing to the prevailing economic situation, the loan beneficiaries’ repayment ability may take some time to stabilize,” the Board said through an official statement released on Tuesday, March 1,…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Manchester City opened up a six-point lead over Liverpool at the top of the Premier League last weekend. On the other hand, Manchester United dropped more points in their push for a top-four place. Phil Foden struck late for Pep Guardiola’s City against struggling Everton to lift them to 66 points, with Liverpool involved in the League Cup final against Chelsea, which they won on penalties. Marcelo Bielsa was sacked by Leeds following a painful 4-0 defeat by Tottenham while Christian Eriksen returned to competitive football with Brentford, eight months after suffering a cardiac arrest. We look at three talking…
Ayagigs has announced the launch of its multipurpose African talent marketplace. This platform will enable talents across Africa to build skills, work for local & foreign companies and earn in crypto stablecoins (cUSD, USDT, BUSD, USDC). What is Ayagigs? Ayagigs is a curated talent marketplace for global businesses to access vetted web3 African Talents. We are positioning as a multipurpose talent marketplace matching businesses with vetted professionals enabled by the security and trust of blockchain technology. The focus is to onboard African talents who are resilient and ready to add value to the global web3 adoption and increasing need for such…
The action opens in the CAF Champions League Friday 25 February, with South Africa’s AmaZulu hosting Algerian visitors ES Setif in Durban. “We played well to beat Horoya and we were unlucky in our first loss to Raja [Casablanca],” said Usuthu coach Benni McCarthy. “It’s always tough to play away in Africa, but we are learning and growing as a team with every game.” Saturday 26 February features a trio of CAFCL matches, including the all-Angolan clash between Sagrada Esperanca and Petro de Luanda in the early evening, followed by simultaneous night matches in North Africa, as Morocco’s Wydad Casablanca…
Kenya Power on Friday reported a net profit of Ksh 3.2 billion for the half-year trading period ended 31 December 2021, compared to KShs 138 million in a similar period in 2020. It attributed the growth to an increase in electricity sales, enhanced system efficiency, and lower operating costs. Electricity sales recorded a 366GWh increase to 4,562GWh, an 8.7percent growth compared to a similar period last year. This was driven by an increase in customer connectivity, as well as improved supply quality and reliability due to enhanced preventive maintenance works, network refurbishment, and accelerated faulty meter replacements. This, combined with…
The pick of Premier League matches in this curtailed round (due to the Carabao Cup final between Chelsea and Liverpool at Wembley Stadium on Sunday 27 February) sees Everton welcome Manchester City to Goodison Park on Saturday evening. The Toffees have endured a tough campaign and parted ways with manager Rafael Benitez last month, before installing Premier League legend Frank Lampard as their new boss. The former England international midfielder knows that the Citizens will be tough opponents, but he is determined to make Everton a relevant force again. “I understand in the short term the job is to improve…