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Absa Bank posts 15% profit rise on lower loan provisions
Business

Absa Bank posts 15% profit rise on lower loan provisions

Operating expenses dropped 13 percent as the bank’s lower loan provisions cushioned the impact of falling interest earnings. The decrease in provisions came even as the total stock of non-performing loans rose 3.8 percent to Sh44.3 billion, amid a tough economic environment where borrowers, both individuals and companies, face repayment challenges.

Governor Sakaja rolls out six-borough structure in Nairobi
News

Governor Sakaja rolls out six-borough structure in Nairobi

The newly formed Boroughs are Western, Northern, Southern, Eastern, South Eastern and Central, each managed by an appointed officer. Janet Waeni Kimeu will oversee Western, John Saruni Northern, Darasso Luka Wario Southern, George Muga Eastern, Susan Wanjiru Gichamba South Eastern, and Charles Baldy Mabonga Central.

Poland PM links railway attacks to Ukrainians working for Russia
Global Affairs

Poland PM links railway attacks to Ukrainians working for Russia

Tusk stressed that the aim of the sabotage was to trigger a serious rail accident. He withheld the suspects’ identities to protect the ongoing investigation but noted that one lives in eastern Ukraine while the other resides in Belarus. Both had entered Poland from Belarus during the autumn and have since returned through the Terespol crossing, near the Ukrainian border.

CHADEMA demands immediate release of detained members
News

CHADEMA demands immediate release of detained members

In a public statement released on Tuesday and signed by the party’s Director of Communications and Publicity, Brenda Rupia, CHADEMA said hundreds of people have been arrested over the past several days without clear reasons, legal procedures or access to their families and lawyers.

Tom Cruise earns long-awaited Oscar after four decades in film
Entertainment

Tom Cruise earns long-awaited Oscar after four decades in film

A four-time nominee, Cruise walked onto the stage to warm applause before delivering a heartfelt speech reflecting on the path his life has taken and the passion that has kept him in front of the camera for 45 years. “Making films is not what I do, it is who I am,” he said, speaking to a room filled with well-known filmmakers and actors including Steven Spielberg, Leonardo DiCaprio, and Jerry Bruckheimer.