Kenya Economy

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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How Foreign Aid to Medicine Brings Big Economic Revenues |

President Joe Biden’s decision to donate 500 million COVID-19 vaccines to other countries by June 2022 is an important step in restoring the United States’ global reputation. Another, parallel foreign policy solution could perhaps achieve even more. It’s simple, inexpensive, and could improve the health and wellbeing of billions of …

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Protect farmers from cheaper food imports

A local farmer sorts his onions in a Kisii market.[File,Standard] Kenya‘s importing onions from China speaks volumes about the void of promises the government has made over the years to empower local farmers and even achieve food supplies. There is no doubt that the country has the capacity to produce …

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