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Tour industry asks State for bailout amid travel ban


THE STANDARD
BUSINESS NEWS
Tourists at Maasai Mara National Game reserve. [Kipsang Joseph/Standard]
Tour operators are asking the State to offer financial bailouts and lift restrictions for inter-county travel to save the tourism industry from collapse.
In a statement on Thursday, the Kenya Association of Travel Agents (Kata) said new lockdown restrictions announced by President Uhuru Kenyatta at the end of last month dealt a major blow to the sector, which was just recovering. 
“The government’s new Covid-19 restrictions announced on March 26, including suspension of domestic air services, an extended night curfew and a lockdown of five counties dealt a major blow to the industry,” said Kata Chairman Mohammed Wanyoike. ....

Mohammed Wanyoike , Uhuru Kenyatta , Kenya National Bureau Of Statistics , Kenya Association Of Travel Agents Kata , Kenya Association , Travel Agents , President Uhuru Kenyatta , Kata Chairman Mohammed , Kenya National Bureau , Officer Survey , Covid 19 , உஹுரு கெநியாட , கேந்ய தேசிய பணியகம் ஆஃப் புள்ளிவிவரங்கள் , கேந்ய சங்கம் , ப்ரெஸிடெஂட் உஹுரு கெநியாட , கேந்ய தேசிய பணியகம் , அதிகாரி கணக்கெடுப்பு ,

DTB sounds profit warning over bad loans


THE STANDARD
By
Frankline Sunday |
December 31st 2020 at 09:22:53 GMT +0300
DTB branch (PHOTO: Courtesy)
Diamond Trust Bank (DTB) has joined the growing list of lenders that have issued a profit warning for the 2020 financial year.
The lender joins Absa and Standard Chartered banks that have issued profit warnings for the year in the wake of growing bad debts and rescheduled loans arising from the effects of the Covid-19 pandemic.
Last month, KCB also announced a 43 per cent drop in profit after tax in the nine months ended September due to increased provisions on bad loans.  
In a statement on Wednesday, DTB said the drop in earnings reported this year would be significant compared to last year’s Sh6.7 billion net profit.    ....

Central Bank , Diamond Trust Bank , Equity Bank , Absa Bank , Trust Bank , Standard Chartered , Officer Survey , Tier One , Co Op Bank , மைய வங்கி , வைரம் நம்பிக்கை வங்கி , பங்கு வங்கி , நம்பிக்கை வங்கி , தரநிலை பட்டய , அதிகாரி கணக்கெடுப்பு , அடுக்கு ஒன்று , இணை ஓப் வங்கி ,