Bloomberg Kenya named Marjan Hussein Marjan as chief executive officer of its Independent Electoral and Boundaries Commission, barely five months before a general election. Marjan has been acting CEO at the agency since October 2017 when Kenya held a repeat poll after the initial count was nullified by the Supreme Court over irregularities. His task will be to boost ...

  Bloomberg UniCredit SpA signaled a hit of about 200 basis points to its capital buffers in an “extreme scenario” in which its Russian banking assets are wiped out, joining European lenders detailing the potential fallout from the financial turmoil after the Ukraine invasion. The Milan-based bank doesn’t consider an extreme scenario — the entirety of its exposure to the ...

  Bloomberg Countries around the globe face a challenge in replacing supply of commodities from Russia and Ukraine that has been cut off by the war and should remove restraints to production, according to the World Bank chief. Nations could look at easing constraints such as the Jones Act in the US—which requires that ships moving between ports be built ...