The Treasury Thursday disowned an official statement indicating that Chinese lenders penalised Kenya Sh1.312 billion for delayed payments of loans provided to build the standard gauge railway (SGR). Treasury Secretary Ukur Yatani maintained that Kenya has not defaulted on its public debt, arguing that the country has not accumulated […]

Thursday October 13 2022 Repayment of the SGR loan started in January 2020 after the lapse of a five-year grace period that Beijing had given Kenya. China fines Kenya $10m for defaulting on SGR loansBy JOHN MUTUA Kenya defaulted on repayment of the Chinese loans provided to build the standard […]

Mrs Grace Amey-Obeng, CEO of FC Beauty Group of Companies has lamented the heavy toll of the recent economic crisis on her business empire. The founder and leader of the nation’s top beauty and cosmetics conglomerate, has said she had closed a large percentage of her enterprises, affecting many staff […]

Story: Today’s Report Tuesday, October 4, 2022 at the U.S. Department of the Treasury. Established by Secretary Jack Lew in 2015, the annual Freedman’s Bank Forum brings the foremost leaders from the public, private, nonprofit, and philanthropic sectors together to advance solutions that unleash the economic potential of Black, Latino, AANHPI, […]

Secretary Yellen: Thank you very much to everyone for joining today. Since January of last year, the Biden-Harris Administration has made racial equity a centerpiece of our economic agenda. We know that advancing equity is not just a moral priority. It is also vital to our economic success. Led by […]