Kenya Economy

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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Strong Declaration on Covid Vaccines, Trade, Debt and Climate Adopted at Historic UNCTAD15 Conference

UNCTAD’s 15th Four-Year Conference (UNCTAD15), October 3-7, passed an agreement to promote inclusive and resilient economic recovery in developing countries unprecedented with unequal access to COVID-19 vaccines, debt crisis, climate emergency and others To face challenges. The conference was opened on October 4th in Barbados by UN Secretary General António …

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There is nothing new in Pandora Papers

President Uhuru Kenyatta in an earlier address. [Courtesy] The recently leaked name of the documents, Pandora Papers, alluded to Greek mythology and piqued our curiosity and emotions. The presence of our President on the list made things more interesting and Kenyan. In a curious twist, President Uhuru Kenyatta replied and …

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Another approach to investing in developing countries

October 9, 2021 F.ORTY YEARS Antoine van Agtmael of the International Finance Corporation introduced the idea of ​​a “Third World Equity Fund” to skeptical fund managers, and the concept of emerging markets found its way into global investing. The aim was to offer a diversified exposure in fast growing countries …

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Committee to Summon DCI, Kenyan Coast Guard, for illegal fishing

The Senate Standing Committee on Labor and Social Affairs will summon the Kenya Criminal Police and Coast Guard (KCGS) for suspicious fishing activities in the country’s territorial waters. Committee chairman Johnson Sakaja said the committee would need input from the DCI and KCGS before finalizing its investigation into allegations of …

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7% increase in Indian tea exports in H1

India’s tea export revenues in the first half of the current calendar (H1) are up 6.73 percent from the first half of 2020, despite the fact that shipments have decreased due to the sharp rise in prices received. Kenya‘s tea production fell by around 10 percent in the first half …

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Do more to maintain the pace of economic recovery

Crowded view of Tom Mboya Street in Nairobi. [Jenipher Wachie, Standard] In the midst of the doom and gloom that the difficult times brought with them, a glimmer of hope came yesterday from an employment report by the Kenyan Statistics Office (KNBS). KNBS’s quarterly labor force report showed that by …

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Why Kenya Can’t Afford 22 Economic Disruption to Polls

Ideas & debate Why Kenya Can’t Afford 22 Economic Disruption to Polls Wednesday, September 29, 2021 BY GEORGE WACHIRAMore from this author summary The past elections have disappointed many mainly because of the socio-economic disruptions they cause, particularly for businesses and investments. They disrupt critical focus on national development, discourage …

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The committee keeps the CBR at 7.00pc

BANKI CENTRAL KUU YA BANK OF KENYA KENYA Haile Selassie Avenue P.O. Box 60000-00200 Nairobi, Kenya Telephone: 2861003/24 Fax: 2716556 P.RESS R.COME ON mINDIVIDUALLY P.OLICY C.OMITTEE mEETING The Monetary Policy Committee (MPC) met on September 28, 2021 amid the ongoing global COVID-19 (coronavirus) pandemic, the continued roll-out of vaccination programs, …

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A week until the wait is over

Updates to the world economy Subscribe to myFT Daily Digest to be the first to know about global economic news. This article is an on-site version of our The Week Ahead newsletter. Register here to receive the newsletter straight to your inbox every Sunday Hello and welcome to the working …

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Kenya: Royal Nairobi hosts KPA golf tournament

The Nairobi edition of the Kenya Ports Authority (KPA) corporate golf tournament will take place on the par 72 of the Royal Nairobi Golf Club course on Friday. After two other events held at Machakos and Nyahururu Sports Club, the Friday event usually alternates between some Nairobi golf clubs, the …

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Kenya’s President outlines his UN priorities

The latest from the UN General Assembly: ___ UNITED NATIONS – With Kenya taking over the presidency of the United Nations Security Council next month, the country’s president outlined its priorities. Uhuru Kenyatta said in a taped address to the UN General Assembly on Wednesday that he believes multilateral systems …

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MPs should protect Kenyans from high fuel prices

A car fuel at the Rubis gas station along Gitanga Road in Lavington, Nairobi [Boniface Okendo, Standard] Parliament resumed its sessions yesterday amid public outcry over the recent rise in fuel prices. Kenyans are still struggling with the effects of Covid-19. The last thing they want is disruption that drives …

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Dubai Chamber continues to expand economic ties between the United Arab Emirates and Africa – OpEd – Eurasia Review

The United Arab Emirates have launched the 6th edition of the Global Business Forum Africa (GBF Africa), which aims to expand and strengthen the diverse business with Africa. With its world-class airline Emirates, the airline network will facilitate participation in the forum for African executives and business leaders. Under the …

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Kenya has its full reopening in December [Business Africa]

Kenya‘s economy contracted 0.3% in 2020, according to the Bureau of Statistics. In addition to youth unemployment, Kenya’s economy is disrupted by restrictive measures due to Covid19. With us at Bungoma Dr. Catherine Laura Mamuli, Lecturer at Kibakii, University, Bungoma, Kenya. 83% of the jobs recorded were in the informal …

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I’m not a pushover, Mudavadi warns rivals in the 2022 survey

Musalia Mudavadi, party leader of the Amani National Congress, in the AIPCK Church in Githunguri, Kiambu County.[Edward Kiplimo, Standard] ANC leader Musalia Mudavadi says his 2022 presidential search is unstoppable. The former vice president said he was ready to face other hopes, including deputy president William Ruto and ODM boss …

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The economic impact of tuberculosis mortality in 120 countries and the cost of failing to meet the Sustainable Development Goals tuberculosis goals: a full income analysis

Research in context Evidence prior to this study We searched PubMed for articles published between January 1, 2000 and December 31, 2020, using search terms broadly representative of the health and economic effects of tuberculosis, including the effects on and resulting mortality and morbidity economic and welfare losses. We excluded …

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Kenya’s GM cassava plant is given the green light

A genetically modified (GM) cassava plant is one step closer to commercial release in Kenya, where it could help farmers overcome a plant-damaging viral disease. If approved, the Kenyan scientists who developed it will make the seeds available to smallholders free of charge. An important plant: Cassava, also called yuca, …

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Kenya: Uhuru and Raila meet in the coalition plan

President Uhuru Kenyatta and ODM chief Raila Odinga were due to hold talks on Wednesday evening shortly after the former prime minister was briefed on their proposed coalition by the head of state’s allies. Mr. Odinga met Anniversary Secretary General Raphael Tuju and Vice Chairman David Murathe to discuss the …

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Build a prosperity alliance among black women

Facebook Twitter LinkedIn Reddit E-mail To press Photo by Ashley Lauren Kenya McKnight-Ahad The building at 1200 West Broadway Avenue in North Minneapolis that was known for the Breaking Bread restaurant is now owned by Black. Kenya McKnight-Ahad, President and CEO of the Black Women’s Wealth Alliance (BWWA), recently purchased …

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Strategies Kenya needs to strengthen entrepreneurship

Personal finance Strategies Kenya needs to strengthen entrepreneurship Tuesday, July 20, 2021 Participants will follow the proceedings during the Central Region Intellectual Property Awareness Workshop for Micro, Small and Medium-Sized Enterprises at Dedan Kimathi University in Nyeri on October 29, 2018. FILE PHOTO | FI NMG FROM ENOS TOOMore from …

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New power line a game changer for the lake region

KETRACO’s chairman, Captain Joe Mutambu, is leading a team of engineers inspecting construction in the Kibos area of ​​the Olkaria-Lessos-Kisumu transmission line project [Kepher Otieno, Standard] The Lake Victoria Regional Economic Block (LREB) has enormous potential for accelerated industrialization and economic growth. To make this dream a reality, a new …

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Swiss ‘Crypto Nation’ supports African blockchain ambitions

Sub-Saharan Africa is a key region for Swiss foreign policyexternal link and digitization will play a major role in this. To this end, “Crypto Nation” Switzerland is campaigning for a public-private partnership to find blockchain solutions for some of the continent’s challenges. This content was published on July 13, 2021 …

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G20 announces tax cut and warns of virus variants virus

By David Lawder, Leigh Thomas (Corrects the spelling of the World Health Organization in the 19th paragraph) FILE PHOTO: Russian billionaire Andrey Melnichenko’s 120-meter-long mega-yacht “A” is moored on April 18, 2012 at a pier against the “Reflections at Keppel Bay” condominium in Singapore. REUTERS / Tim Chong / VENICE, …

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Tourism boosts economic growth on Wasini Island

Wasini Island, 75 km from Mombasa, is home to the Kisite Mpunguti Marine Park and the reserve, which was established to protect the picturesque islands and special habitats of a wide variety of endemic marine animals and breeding migratory birds. The marine park, which is managed and protected by the …

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Bank branches show wealthy, poor counties

economy Bank branches show rich, poor districts Tuesday, July 6th, 2021 Central Bank of Kenya. FILE PHOTO | NMG BY TIMOTHY ODINGAMore from this author Summary Data from the Central Bank of Kenya (CBK) shows that the three counties have 794 branches, or 53 percent of Kenya’s 1,502 bank branches. …

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how African countries approach the challenge

The COVID-19 pandemic has suffocated many sectors of the global economy. But it appears to have boosted the scammers’ business. Experts note that some scammers have taken advantage of the new opportunities presented by the pandemic economy and appear to be getting more sophisticated in their methods. At the same …

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EABL adapts to the marketplace affected by Covid

East African Breweries Ltd took a shock when Kenya closed hospitality businesses due to the pandemic | TOM COLLINS | For any company that relies on open points of sale to sell goods, Covid-19 was a particular challenge. When Kenya responded to the pandemic by shutting down hospitality businesses and …

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New report warns of job time bomb

Emmanuel Akenya, a Kenyan youth who works at China Road and Bridges, is tightening the railings that will form the Wangige underpass pillars in the Kiambu district. [Denish Ochieng, Standard] About 10 million people will be employed in Kenya over the next ten years. This will be a major challenge …

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EALA lawmakers issue ultimatum on EAC visa fees

Over 59 million Kenyans are eagerly waiting to hear the budget statement, which is due to be presented to the National Assembly on Thursday afternoon at around 3 or 2 p.m. CAT. Finance Minister Ukur Yatani is currently preparing to appear in the National Assembly and deliver his budget declaration …

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