Kenya Economy

Kenya abounds with opportunities for local exporters

The Sunday Post trade focusAlan Majuru The ongoing engagement and re-engagement initiative driven by President Mnangagwa is bearing fruit. More and more countries are warming to bilateral trade and economic relations with Zimbabwe. Recently, the Second Republic has intensified its cooperation with other African countries to explore opportunities used by …

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Uhuru to Launch Expressway This Month – Business Daily

Business Uhuru will launch Expressway this month Friday 06 May 2022 Nairobi Expressway along Waiyaki Way, Westlands in this photo taken April 16, 2022. PHOTO | JEFF ANGOTE | NMG BY EDWIN MUTAIMore from this author summary Once taken off, motorists will have to pay tolls ranging from Sh100 to …

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Bad roads, inefficient ports blamed for high transport costs

Shipping & Logistics Bad roads, inefficient ports blamed for high transport costs Wednesday 04 May 2022 Motorists struggle to navigate part of the derelict Mlolongo-Katani road near Mlolongo in this photo taken on May 29, 2021. PHOTO | JEFF ANGOTE | NMG By ANTHONY KITIMOMore from this author summary According …

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BBI initiative would have solved SRC problems but was rejected: Uhuru » Capital News

Nairobi, Kenya, May 2 (Reuters) – President Uhuru Kenyatta said the Building Bridges Initiative (BBI) constitutional amendment bill had solved the problem of the Salary and Remuneration Commission (SRC) exceeding its mandate in relation to workers’ grievances when it would be accepted. President Kenyatta was responding to a request from …

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Why fists and chairs always fly in elections

By Charles Onyango Obbo Kenya‘s party primaries ahead of August 9 general elections are largely complete. Although some ended relatively peacefully, there were more than enough that descended into the usual chaos and violence. Although it seemed less anecdotal this time, violence has been a feature of Kenyan party nominations …

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Icelandic group investigates using geothermal energy to dry tea in Kenya

Collecting tea in Kenya (Source: flickr/ Shared Interest, creative commons) Icelandic companies Intellecon and BBA // Fjeldco have partnered with Kenya’s Geothermal Development Company (GDC) to secure a grant to explore the use of geothermal energy to dry tea in Kenya. With support from the Icelandic Foreign Ministry’s Sustainable Development …

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Prison risk for using frozen Sh5.6bn linked to top politicians, Nigerians

Business Prison risk for using frozen Sh5.6bn linked to top politicians, Nigerians Monday 25 April 2022 Frozen money concept. FILE PHOTO | NMG BY ADONIJAH NDEGEMore from this author summary The money in six bank accounts that was frozen earlier this month is suspected to be part of a money …

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Pros and cons of DRC joining East African bloc

On March 29, the Democratic Republic of the Congo (DRC) was admitted to the East African Community (EAC), becoming its seventh member state, alongside Burundi, Kenya, Rwanda, South Sudan, Tanzania and Uganda. The Democratic Republic of the Congo is the largest country in the bloc with a population of around …

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Why do over 1000 SMEs in Kenya fail every day?

Why do over 1000 SMEs in Kenya fail every day? By Soko Directory Team / Published April 20, 2022 | 1:35 p.m IMPORTANT POINTS Factors cited as the main contributors to the collapse of many SMEs include poor management, an inability to manage and account for funds, including bookkeeping and …

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Yatani leaves out the budget for Uhuru’s retirement office

Business Yatani leaves out the budget for Uhuru’s retirement office Monday 18 April 2022 President Uhuru Kenyatta. PHOTO | PSCU By CONSTANT MUNDAMore from this author summary The Treasury Department is understood to avoid violating parts of the law that bans a retired president from holding office in a political …

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Agriculture suffers from the low budget allocation in EAC

By LUKAS ANAMI Even as starvation, starvation and inflation ravage the East African region, the bloc is still reluctant to fund agriculture and has allocated less than 0.01 percent of its budget to the sector. In the draft budget for fiscal year 2022-2023, the East African Community partner countries allocated …

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Kenyatta, Moi-era barons risk auction of Sh31 billion

Business Kenyatta, Moi-era barons risk auction of Sh31 billion Wednesday April 13, 2022 Kenya‘s first President Mzee Jomo Kenyatta (left) and his successor Daniel Toroitich arap Moi. FILE PHOTO | NATION MEDIA GROUP. By CONSTANT MUNDAMore from this author summary The Kenya Development Corporation – the state body created by …

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Digital lenders to uncover source of funds in CBK dirty cash war

Business Digital lenders to uncover source of funds in CBK dirty cash war Monday 11 April 2022 The Governor of the Central Bank of Kenya, Patrick Njoroge. PHOTO | SALATON-NJAU | NMG BY JOHN MUTUAMore from this author summary CBK Governor Patrick Njoroge has repeatedly warned that digital lenders are …

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Kenya Budget 2022 – Summary | The tone

The Cabinet Secretary responsible for the National Treasury released his budget statement on April 7, 2022. In this warning, we summarize the Cabinet Secretary’s key tax proposals. 1. Is the National Tax Policy Framework really on the way? In his 2021 budget statement, the Cabinet Secretary indicated that he had …

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Odinga is running his fifth presidential race. Why the result means so much for Kenya

Leo ni leo. Inawezekana (Today is the day. It is possible). These are the Swahili lyrics of Raila Odinga’s anthem for the presidential campaign. The 77-year-old veteran Kenyan politician has not lost his optimism despite voting for the fifth time. He was in the running in 1997, 2007, 2013 and …

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Low-hanging fruit for Kenya following the inclusion of the Democratic Republic of the Congo in the East African bloc

ideas & debate Low-hanging fruit for Kenya following the inclusion of the Democratic Republic of the Congo in the East African bloc Wednesday 06 April 2022 DR Congo President Felix Tshisekedi. FILE PHOTO | NMG By GEORGE WACHIRAMore from this author Summary Last week, the Democratic Republic of the Congo …

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Kenya: Kericho Law Courts join 23 other stations in nationwide rollout of out-of-court mediation

Kericho – The Kericho Law Courts have joined 23 other courthouses across the country in establishing the Court Annexed Mediation (CAM) program, a form of alternative dispute resolution whereby cases brought to court for trial are sent to the court for possible settlement be forwarded to mediation . Chief Judge …

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Kenya launches applications for re-election to key international ICT positions 

CA DG Ezra Chiloba Kenya has launched its bid for re-election to two key posts in international ICT organizations. The country is seeking another term in the Council of the International Telecommunication Union (ITU), a key decision-making body of the UN agency for ICT. At the same time, the country …

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Dubai’s DP World launches e-commerce platform in Tanzania

DP World has announced the launch of its wholesale e-commerce platform dubuy.com in Tanzania. The online marketplace will give Tanzanian companies better access to international markets. It will also provide a safer and more reliable supply chain through DP World’s global port and logistics network, it said in a statement. …

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Kenyans would like their voice to be heard more in budget planning

A woman sells vegetables along the Naivasha – Nakuru highway, January 2022. [Elvis Ogina, Standard] When Ms. Phyllis Muhoro, owner of a convenience store in Hunters, Nairobi, is being interviewed, a lady strolls in and goes straight to the pastry section. She tastes the breads and then asks: “kuna mkate …

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Government targets to strengthen the ICT skills pool in the public sector

The government plans to review the information and communication skills of all civil servants to identify ICT gaps in the sector. ICT Cabinet Secretary Joe Mucheru says the move will help improve digital capacities as part of Kenya‘s digital transformation agenda. ICT illiteracy in the public sector remains high, hampering …

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Kenya relies on FinTech to drive financial inclusion

Kenya has an opportunity to become a continental leader in FinTech and dramatically boost financial inclusion by enhancing the existing ecosystem. This is according to a new study by TheCityUK and the Nairobi International Financial Center (NIFC), developed by PwC. In doing so, the public and private sectors will refocus …

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Treasury receives Sh785 million rejected by German bank

economy Treasury receives Sh785 million rejected by German bank Wednesday March 23, 2022 Chief Secretary of the National Treasury Julius Muia. PHOTO | SALATON-NJAU | NMG BY EDWIN MUTAIMore from this author Summary Secretary-General Julius Muia said the money had been transferred to the Treasury more than a year and …

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Kenya: Jumia Vendors Offer Exciting Deals for Tech Week 2022

Nairobi – Jumia customers will receive discounts of up to 50 percent on tech and electronic products during the Tech Week campaign. The offers come from over 100 local and international suppliers, including Xiaomi, Samsung and Tecno, and will run from March 21st to April 3rd. “The Tech Week campaign …

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Kenya: Prepare fare hike, Matatu owners warn after fuel adjustment

Nairobi — Kenyans should brace themselves for higher Matatu tariffs after the Energy and Petroleum Regulatory Agency (EPRA) hiked fuel prices. This is according to Matatu Owners Association (MoA) chairman Simon Kimutai, who has defended the proposed move. “We are in business and I have told our members that once …

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Kenya worries about Chinese imports

People who make products by hand in Kenya, known as artisans, are concerned about competition from similar goods from China. Thousands of people are known to make items to sell in a large Nairobi market. Njoroge Macharia makes stoves known as jikos in the local Swahili language. He said similar …

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MEPs want back tolls on roads and bridges

economy MEPs want back tolls on roads and bridges Monday, March 14, 2022 Ongoing construction of the Nairobi Expressway along the Uhuru Highway. PHOTO | DIANA NGILA | NMG BY EDWIN MUTAIMore from this author Summary The National Assembly’s Delegated Legislation Committee last week approved the 2021 Public Finance Management …

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Cooking oil prices triple while palm oil costs rise 33 percent

economy Cooking oil prices triple while palm oil costs rise 33 percent Friday March 11, 2022 Crude palm oil prices have risen by 33 percent due to the Ukraine crisis. FILE PHOTO | NMG BY ELIZABETH KIVUVAMore from this author Summary Edible oil makers are now buying palm oil, the …

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CBK lifts credit price freeze following IMF announcement

economy CBK lifts credit price freeze following IMF announcement Wednesday 09 March 2022 Central Bank of Kenya. FILE PHOTO | NMG By OTIATO GUGUYUMore from this author Summary Equity Bank is the first lender to publicly announce that CBK has approved the risk element in its loan formula, pricing its …

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Without legislation, we cannot propose economic models

Vendor pulls a handcart at Nairobi’s Marikiti Market. October 9, 2020. [Elvis Ogina, Standard] It seems theatrical as we see waves of politics in post-colonial Kenya oscillating in cyclical, well-choreographed episodes in a repetitive fashion. As noted in Achile Mbembe’s Post-Colony Theory, this country’s founding political elites disregarded the independence …

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Kenya is raising the debt ceiling and Samia is on a debt frenzy

BY JAMES ANYANZWA Kenyan lawmakers are pushing for a law change to take on a new Ksh 4 trillion ($35.39 billion) indebtedness to fund a soaring budget deficit amid warnings the country is heading into a debt crisis. The Kenyan Treasury is considering options to fund a deficit of 846 …

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B2B marketplace Solv expands to Kenya

Financial services company Standard Chartered is expanding its business-to-business (B2B) marketplace Solv, launched in India two years ago, to Kenya‘s e-commerce space. Standard Chartered Bank Kenya is likely to be among the platform’s financial partners, which offers an online marketplace, support services and loans from multiple small business lenders, according …

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Kenya: More stable, secure internet for Kenya as it is set to host a mega data center

Nairobi — Kenya‘s internet speeds are set to become steadier, faster and more secure after a global nonprofit, the Internet Corporation for Assigned Names and Numbers (ICANN), confirmed the country will be home to one of Africa’s largest data centers. The Nairobi hub will be one of the company’s four …

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ICANN-managed root server clusters to strengthen African Internet infrastructure

ICANN to enable faster and more robust connectivity in Kenya with installation of the cluster. ISTANBULFeb. 28, 2022 /PRNewswire/ — Netizens in Africa will soon benefit from faster access and better protection against cyberattacks, thanks to the installation of two root server clusters. The Internet Corporation for Assigned Names and …

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The Fifa suspension offers Kenya a great opportunity to rethink and rebuild

Harambee Stars captain Michael Olunga celebrates his goal with Joseph Okumu and Richard Odada during the second round of FIFA World Cup Qualifying at Nyayo National Stadium on Monday November 15, 2021. [Jonah Onyango, Standard] It’s been a hectic week for the world and even more so for the Kenyans …

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Address inclusivity in the planned launch of digital currencies

columnists Address inclusivity in the planned launch of digital currencies Friday February 25, 2022 The Central Bank of Kenya building in Nairobi. PHOTO | DENNIS ONSONGO | NMG By OTIENO PANYAMore from this author Summary According to the regulator, CBDC will serve as legal tender similar to regular banknotes and …

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UN Global Compact calls on business leaders in Kenya to work for more impact

The United Nations Global Compact, in partnership with the Global Compact Network Kenya, has announced its new Africa Strategy to advance corporate sustainability and scale responsible business practices across Africa. This is in support of the United Nations Sustainable Development Goals (UNSDGs). Aiming to accelerate and scale the global collective …

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Kenya: Speaker Muturi fails to hold hyped Snow Melting event

Nairobi — National Assembly Speaker Justin Muturi held a low-key gathering of National Delegates at the bomas of Kenya in Nairobi after promising a “melting snow” declaration with the appearance of a special guest. Instead, Muturi questioned the two-horse narrative as misguided ahead of the Aug. 9 presidential election, saying …

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Proposed digital currency to tame transaction costs

From The East African Kenya is exploring a digital currency regime that is being touted as a game changer for the digital money payments space, with consumers reaping the full benefits of faster and cheaper transactions. A cross-section of economists interviewed by The East African shared the view that the …

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A “problem” bigger than Kenya

By Charles Onyango Obbo The Daily Nation reported on Tuesday that Lamu residents have urged Interior Cabinet Minister Fred Matiang’i to clarify the night curfew status in the region. Matiang’i on January 5 this year declared a month-long dusk-to-dawn curfew in some parts of Lamu, following a spate of terrorist …

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State House memo ends hiring freeze at parastatal institutions

business State House memo ends hiring freeze at parastatal institutions Wednesday February 16, 2022 Chief of Public Service Joseph Kinyua. FILE PHOTO | NMG BY BRIAN NGUGIMore from this author summary The head of the civil service, Joseph Kinyua, has issued a circular to principal secretaries, cabinet secretaries and CEOs …

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Ndii meets 2,000 Nyeri delegates to formulate people-centric UDA draft Capital News

NAIROBI, Kenya, Feb. 14 (Reuters) – As the clock approaches the Aug. 9 general election, the United Democratic Alliance (UDA) party has launched a vigorous campaign to sell its bottom-up economic policies with a series of listening tours . The head of the party’s economic department, Dr. David Ndii and …

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Kenya is courting airlines to meet Europe’s Valentine’s Day flower demand

Kenya authorized Ethiopian Airlines Group and Qatar Airways to operate additional cargo flights to meet additional demand for Valentine’s Day flowers. Ethiopia’s national airline was granted 24 flights and Qatari airline five “ad hoc additional flights” between late January and mid-February to ease freight restrictions on Kenyan flower producers, according …

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Republicans want the RNC to get a grip on power struggles unfolding publicly after its no-confidence vote: ‘Keep it in the house’

Republicans in Congress have been grappling for several days with the aftermath of the Republican National Committee’s vote to punish Rep. Liz Cheney of Wyoming and Rep. Adam Kinzinger of Illinois for their criticism of Donald Trump and their participation on the panel investigating the March 6 Capitol siege. consumed …

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BasiGo Secures $4.3M in Seed Funding to Accelerate EV Urban Transition Launch in Kenya – TechCrunch

Kenya-based EV startup BasiGo has closed a $4.3 million seed funding three months after establishing operations in East Africa’s largest economy to bring clean-energy commuter vehicles to a country heavily reliant on buses dependent on fossil fuels. The startup said it will use the new funds to build an assembly …

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Kenya Airways announces plans to introduce direct flights from Nairobi to Milan

Kenya Airways announces plans to introduce direct flights from Nairobi to Milan Kenya Airways has announced that it will offer direct flights from Nairobi to Milan. A statement from KQ confirmed that flights will begin from June 8. It is not yet clear how many flights the national carrier plans …

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Teams from Kenya, Kwanza and Azimio hold parallel rallies in Mombasa

It was a show of force between Deputy President William Ruto’s Kenya-Kwanza Alliance and a group of Azimio la Umoja leaders in Coast who were holding parallel rallies in Mombasa yesterday. Ruto, Musalia Mudavadi, Chair of the Amani National Congress, and Moses Wetangula of Ford-Kenya held a rally at the …

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Strategies for financing the African health sector

Never before in the last half century has the health landscape in Africa changed so much and generated so much interest. In fact, Africa’s healthcare sector would be worth an estimated $259 billion by 2030. While these trends highlight a lucrative opportunity for the private sector, if not well regulated, …

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Africa’s Creative Digital Economy – Tech Nova

On 12th On January 1, 2022, Warner Music Group (WMG) announced that it had acquired a majority stake in Africari – the first major acquisition of the year in the entertainment industry. Momentum in this direction increased with WMG’s initial investment in Africori in April 2020 at the height of …

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The gin revolution brings EABL big profits

Gin contributed 5 percent of Diageo’s reported net sales in the period July to December 2021. [Courtesy] The gin revolution in Africa was fueled by the prodigious consumption of Gilbey’s in Kenya. This is according to the interim results of Diageo, a London-based multinational brewer that owns a majority stake …

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IFC visits Kenya to support development agenda

Global financial institution International Finance Corporation (IFC) MD and Executive Vice President Makhtar Diop will visit Kenya from 31 January to 4 February to demonstrate its support for Kenya’s development agenda. The IFC said in a Jan. 27 statement that the visit would highlight the role of the private sector …

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Kenya condemns terrorist attacks on civilians in Afghanistan

Kenya has condemned terrorist attacks on civilians that continue to undermine peace efforts in Afghanistan, including the recent deadly Islamic State attack in the Provence of Khorasan in Herat. Speaking on Wednesday during the UN Security Council briefing on the United Nations Assistance Mission in Afghanistan (UNAMA), Kenya’s Deputy Permanent …

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International Day of Education – From Kenya to Cameroon, students at the Nigerian institute find the root of Stem success

Dancan Onyango left Kenya in 2017 to study at the Life and Earth Sciences Institute at Pan African University in Nigeria and is now the proud holder of a PhD in Environmental Management. After graduating from the institute last May, he returned to Kenya to take up a position as …

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Inside Mudavadi’s closely guarded secret before the earthquake announcement

Amani National Congress (ANC) party leader Musalia Mudavadi will make a major announcement in the Bomas of Kenya on Sunday 23 January. In his recent addresses to the media, the former vice president explained that his announcement would set off a political tremor and send shockwaves across the country. As …

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RegTech Africa Conference on driving growth and shaping the digital economy

The first edition of the annual Regtech Africa Conference is scheduled to take place on Wednesday 25th May 2022. the RegTech Africa Conference is the premier gathering of regulators, innovation ecosystem developers, investors, businesses and government officials to engage, collaborate and share knowledge on emerging technologies and practices that support …

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Government calls for cooperation to achieve food safety – Kenya News Agency

National and regional governments are committed to working with intergovernmental organizations, farmers and private stakeholders for the thriving of the agricultural sector, the backbone of Kenya’s economy. During the Fourth Intergovernmental Forum on Agriculture in Mombasa, Cabinet Minister for Agriculture Peter Munya said that the country is still lagging behind …

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The climate crisis needs to be “humanized” to spur more action

EXCLUSIVE: Elizabeth Wahuti, the Kenyan activist who delivered an impassioned speech to world leaders at COP26, believes business and society must “open their hearts and listen” to communities already experiencing the worst of the climate crisis , to help make informed decisions for the benefit of society at the next …

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Kenya Railways accountant charged with falsifying payslip and stopping deductions

business Kenya Railways accountant charged with falsifying payslip and stopping deductions Monday 17 January 2022 By SAM KIPLAGATMore from this author summary An accountant at Kenya Railways Corporation has been accused of changing the corporation’s payroll system, resulting in a Sh317,500 loss for the company. Patrick Kareithi Ndegwa, charged with …

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Global Finance celebrates BoT boss

The Central Bankers’ Reports, published annually by Global Finance since 1994, rate central bank governors of 101 countries and territories, including the European Union, Eastern Caribbean, Central African States and West African States, all of which have monetary unions. The magazine offers free country economic reports, which ranked Prof Luoga …

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Port expansions could expose Kenya to more crime

Kenya‘s $ 3.6 billion port master to plan will transform the country’s sea, sea and dry ports over the next 30 years. Modern ports that conform to International Maritime Organization (IMO) codes are attracting a larger maritime market that affects both the Kenyan economy and the region. But with this …

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Delta aims to develop the blue economy in order to attract investment

From Adedapo Adesanya Delta State said that developing a blue economy in Nigeria will attract huge investments in the state, including in seaports, tourism, rail and road development, airport, agriculture, oil and gas, housing construction, among others. This will take place in the run-up to the Nigeria Blue Economy Stakeholders …

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Sri Lanka calls for Chinese debt rescheduling due to collapsing economy

Sri Lanka’s foreign exchange reserves had dropped to just $ 1.5 billion by the end of November (file) Colombo: The ailing Sri Lanka tried in talks with guest foreign minister Wang Yi on Sunday to reschedule its enormous Chinese debt, the president’s office said. The island’s tourism-dependent economy has been …

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Mobile operator Telekom introduces the Mobile Money app

The South African mobile operator Telecom says his Kenyan operation has launched an app for its T-Kash mobile money product. The company announced in a press release on Tuesday (Jan. 4) that its app will be available in the Google, Huawei and Apple app stores, giving customers broader access to …

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The surgeon applies to the court to extend paternity leave to 3 months

business The surgeon applies to the court to extend paternity leave to 3 months Thursday, January 06, 2022 BY JOSEPH OPENDAMore from this author summary A surgeon based in Nakuru has petitioned the court to order the same length of paternity and maternity leave. Dr. Benjamin Magare Gikenyi, a specialist …

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Kenya’s foreign wealth falls by Sh87 billion

business Kenya’s foreign wealth falls by Sh87 billion Tuesday, January 04, 2022 The Central Bank of Kenya, Nairobi on Sunday November 22, 2020. PHOTO | DENNIS ONSONGO | NMG BY VICTOR JUMAMore from this author summary Kenya’s net foreign assets fell by Shutter 87.1 billion in the year through September, …

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Battles Kenyans must defeat this year

This year there will be a successor in the State House, with August 9th being the day of the general election. [Kibata Kihu, Standard] This year Kenyans will have to fight a series of battles that will ultimately determine their political, economic and health fate. Obviously, the ever-mutating coronavirus is …

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Cotu boss Atwoli urges unions not to shy away from next year’s elections

Cotu Secretary General Francis Atwoli. [David Njaaga, Standard] Cotu General Secretary Francis Atwoli yesterday called on the unions to take an active part in next year’s elections. Atwoli said the unions should stand up to protect the nation from looters and leaders of questionable character interested in rising to political …

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FinTech IMFact Supply Chain Financing Raises USD 4M

Kenyan fintech company IMFact, which provides working capital to micro and small and medium-sized enterprises (SMBs) with supply chain finance, has received an investment of £ 3 million (approximately $ 4 million) from FSD Africa Investments. according to a press release. The IMFact business model is a “pooled receivables” factoring …

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Under my supervision, Kenya’s economy is growing by 10 percent annually – Raila

ODM leader Raila Odinga pledges to put in place solid policies that will help boost the country’s economy by more than 10 percent each year if he is elected president in the August 2022 elections. The former prime minister claims that this is achievable based on his experience and rich …

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Kenya wants to issue two Eurobonds by June – finance minister

NAIROBI, Dec. 24 (Reuters) – Kenya will issue two Eurobonds by June next year to raise funds to support East Africa’s leading economy for 2021/22 (July-June) and to repay another government bond due in 2024, Treasury Secretary Ukur said Yatani. Yatani said in a statement to the International Monetary Fund …

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Kenya lifts ban on Ugandan poultry products

According to the nation of Africa Kenya has agreed to lift the ban on Ugandan poultry products as both sides seek a long-term solution to their ongoing trade disputes. The decision was made on Tuesday after a crisis meeting between line ministers in Nairobi, which also temporarily averted retaliatory restrictions …

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The Truth About Uhuru Kenyatta’s COVID19 Goodies

Traders are converting their trunk to sell fruit, vegetables, groceries, eggs and other fresh farm produce along the Northern Bypass in Nairobi, June 4, 2020. [Elvis Ogina, Standard] President Uhuru Kenyatta’s interventions are softening the economic blows to Kenyans, even if some of them expire a month after next year’s …

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Trust drives the economy, so don’t let fear rule the 2022 poll

When optimism is high, the economy grows faster. [Courtesy] Elections around the world are fought and won based on key emotions – hope or fear. Narc’s 2002 campaign “yote yawezekana” produced the most hopeful nation in the world, according to a 2003 Gallup poll. Our favorite song from the campaign …

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“Health poverty” is not recorded in the famous GDP

One of the major shortcomings of GDP is the inability to “measure” services. [Christopher Kipsang, Standard] The gross domestic product (GDP) is a key figure for measuring the economic success of a country. Countries are rated based on how much of it they have. Governments rise and fall based on …

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Kenya says no covid lockdown, even as cases increase

BY WINNIE ATIENO Kenya will not impose restrictions like bans after cases of Omicron variants are discovered in two Kenyan travelers and a South African who entered the country last week. Health Cabinet Secretary Mutahi Kagwe said Kenya had instead campaigned to vaccinate its citizens to curb the spread of …

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Kenya’s economy will grow 4.9% in 2022 and 2023, says the World Bank

By George Mwangi Special for Dow Jones Newswires Kenya‘s economy is forecast to grow at an annual rate of 4.9% in 2022 and 2023, the World Bank said Tuesday, but cautioned that the Covid-19 pandemic remains a major source of uncertainty. “This outlook takes into account that some sub-sectors have …

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The Kenya Olympics team boss in 2016 accused the detention center

business The Kenya Olympics team boss in 2016 accused the detention center Monday, December 13, 2021 Head of Mission at the Rio 2016 Olympic Games Stephen Arap Soi. PHOTO | PAUL WAWERU | NMG BY SAM KIPLAGATMore from this author summary On appeal to the High Court, Soi says he …

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HALA AL KARIB – The revolution continues and Sudanese women are on the front lines of resistance

Download PDFPrint article A coherence check is an assessment of the extent to which legal instruments such as the digital service tax (DST) achieve their own stated goals with effectiveness, effectiveness and efficiency. As the economic crisis deepens and Kenya‘s debtors begin to call, the Kenyan government’s coherence in its …

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Respect electoral processes to protect the economy

Letters Respect electoral processes to protect the economy Wednesday, December 8th, 2021 Independent electoral and border commission [IEBC] Chair Wafula Chebukati. PHOTO | JEFF ANGOTE | NMG BY BENJAMIN OBEGIMore from this author summary Kenya is one of the top countries in Africa, whose electoral processes and consequences are important …

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Blockchain Technology – A Road Not Well traveled

Concepts like contracts, transactions, and records are crucial pillars that sustain economic, legal, and political systems as we know them. However, today’s world has shown that these tools and the protocols put in place to manage them have struggled to keep up with the fast-paced digital transformation that is happening …

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The parliamentary team wants the number of embassies to be reduced

business The parliamentary team wants the number of embassies to be reduced Friday, December 03, 2021 A joint session of the National Assembly and the Senate will hear President Uhuru Kenyatta deliver his State of the Union address on November 30, 2021 in the Parliament building. PHOTO | JEFF ANGOTE …

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Kenya: New ways to facilitate truck movement in and out of the port of Mombasa

Movement around the port of Mombasa will improve after the opening of two major roads connecting the port to the Northern Corridor transport route. The streets Nyerere-Mbaraki and Kipevu are major arteries to and from the port. The Nyerere-Mbaraki road was funded by the UK government, the Danish International Development …

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The blueprint for 2030 moves forward with headwinds

Construction of the Dongo Kundu bypass bridge, Mombasa. [Robert Menza, Standard] The government is optimistic that Vision 2030 will be achieved within the set timeframe, despite major challenges that have hindered its implementation. The key to the vision was an annual economic growth rate of 10 percent, which, given drawbacks …

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Electricity demand in Kenya reaches new record high

Electricity demand in Kenya hit a new record this week, rising to a high of 2,036 MW, the highest value ever recorded in history, marking a significant surge in demand since the COVID-19 pandemic broke out in March 2020. At the same time, the country recorded a new peak in …

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Raila advocates the establishment of a National Climate Council »Capital News

NAIROBI, Kenya November 24th – Former Prime Minister Raila Odinga has proposed the creation of a National Climate Council (NCC) to lead climate policy at the national level. Odinga noted that the Council will play a central role in addressing the country’s climate-related challenges. “Climate change is bigger than the …

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Closing universities is bad economy

Columnists Closing universities is bad economy Tuesday, November 23, 2021 Main entrance to the University of Nairobi. FILE PHOTO | NMG BY TONY WATIMAMore from this author summary Much of the losses are attributed to operational problems such as the opening of many outdoor campuses and construction projects, as well …

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Stop paying lip service to MSMEs, better fund them to stimulate the economy

Small and medium-sized enterprises (SMEs) stand along Kigali Road in Nairobi. [Wilberforce Okwiri, Standard] Kenya may not industrialize unless we make drastic changes. Not only with regard to politics – which is wrong because it promotes the import of machines and tools. We also need to reconcile political pronouncements with …

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Ruto urges Mt. Kenya to unite under UDA to reject tribal politics

Vice President William Ruto in the Kiritiri Market in Mberry South constituency, Embu County. [Muriithi Mugo, Standard] Vice President William Ruto has warned Kenyans not to be divided on tribal and political lines that benefit few people. On the second day of his Embu tour, the vice president urged residents …

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Kenya: Sexual Violence Against Minors Increases – Report

A new report has revealed the rise in sexual violence against minors in the country. The report on violence against children published by the Ministry of Labor and Social Protection shows that two out of five girls experience different types of violence. According to the report, women (16 percent) are …

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USA and Kenya: Strategic Partners November 17th

I look forward to deepening our cooperation to promote economic prosperity, security, human rights and democracy in the region. – Secretary Antony J Blinken, March 2, 2021 Secretary of State Antony J. Blinken will visit Kenya November 17-18, where he will meet President Uhuru Kenyatta and Cabinet Ambassador for Foreign …

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Akons Akoin partners with Baanx for debit card

Akoin (AKN), the digital asset platform and cryptocurrency developed by global artist Akon, launches this month and has partnered with Baanx to offer a debit card that allows users to preload and spend their crypto assets anywhere in the world. The Akoin Card will expand the reach of AKN and …

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Half-time break introduced amid high school riots

business Half-time break introduced amid high school riots Wednesday, November 03, 2021 Education Director Julius Jwan at Jogoo House, Nairobi, on March 2nd, 2020. BY GERALD ANDAEMore from this author summary The Ministry of Education revised the school calendar for the second semester and allowed a four-day break in the …

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Vision 2030: Renew the infrastructure pipeline

Columnists Vision 2030: Renew the infrastructure pipeline Thursday, October 28, 2021 Pneumatic rollers are paving the road from the Changamwe roundabout on June 30, 2021. PHOTO | WACHIRA MWANGI | NMG From Johnson KilangiMore from this author summary In 2008, Kenya launched a blueprint for long-term economic development that included …

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Kenya Airways named Africa’s most expensive airline

Kenya Airways (KQ) is Africa’s most expensive airline, according to a new study by competition authorities in 24 African countries. The airline risks losing its market to competitors such as Ethiopian Airlines, South African Airways and Air France. “Kenya Airways has the highest average passenger price per kilometer (APPK) on …

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British Airways codeshare with Kenya Airways

British Airways has a codeshare with. announced Keyna Airways on routes between London and Keyna and connections at both ends. British Airways Boeing 777-200ER – Image, Economy Class and more. Customers flying to Nairobi with British Airways can seamlessly reach 20 destinations in East and Central Africa including Douala, Zanzibar, …

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Before COP26, world leaders meet in Nairobi to share new research on the benefits of adaptation measures in Africa – World

WHAT: Global Center on Adaptation Africa Adaptation Acceleration Day – Annual talk, answers from world leaders and press conference with questions and answers WHERE: University of Nairobi WHEN: 1400–1500 EAT (Nairobi time) October 26, 20210700 – 0800 EDT (New York) 1300 – 1400 CEST (Amsterdam) REGISTRATION: To register and receive …

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