Politics

Republic Bank records 16.7% increase in profits

Republic Bank has announced a US$228.4 million after tax profit for the year ending September 30, 2022, representing an increase of US$32.6 million or 16.7% over the 2021 reported profits. In a statement, the bank noted that the performance reflects the impact of the Group’s expansion, revenue diversification and cost management strategies. The Bank also said that the uptick in […]

Almost $1 Billion worth of drugs and medical supplies left spoiled and expired between 2015 and 2018 -Audit report finds

Hundreds of millions of dollars in drugs and medical supplies were left damaged and spoiled due to poor storage, according to a performance audit into the management of drugs and medical supplies at the Ministry of Health and Regional Health facilities. “Millions were wasted from spoilt and damaged supplies due to poor storage, which left […]

Elections CoI members were not involved in formulation of Terms of Reference -Chairman make clear

The Chairman and Commissioners of the Presidential Commission of Inquiry into the 2020 General and Regional Elections today made it clear that they played no part in drafting the Terms of Reference (ToR) for the inquiry. The declaration came amid allegations that they were involved in drafting the ToR. “It has come to the attention […]