SGR cargo falls on fewer ships in the port of Mombasa

SGR freight train drives along the track of the Port Reitz Beach management unit, Mombasa, 14 January 2018. [Gideon Maundu, Standard] The cargo throughput of the Kenya Railways Corporation (KRC) declined in the second quarter of this year due to lower numbers of ships in the port of Mombasa. A …

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Apps help Kenyan farmers in difficult times

Africa’s digital farm services are growing nearly 45 percent a year, with farmers using apps to provide advice, buy goods, and take out loans By Wesley Langat / Thomson Reuters Foundation, KOIYET, Kenya Wilson Lang’at has made a steady profit on his farm in Koiyet Village over the past year …

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We are ready to turn the wheels

Dr. Vivian Whatley shoots at target after viewing the Kirigiti shooting range. [The Standard] The 15th edition of the IDPA African Championships will take place in Kenya from September 2nd to 5th, 2021. The Chairman of the National Gun Owners Association of Kenya (NGAO-K), Martin Chengo, said he was confident …

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Waterfront Park finally open to traders

Mvita MP Abdulswamad Nassir speaks to small traders in Mama Ngina Waterfront Park in Mombasa. The government has partially opened the park to traders. [Robert Menza, Standard] Over 1,000 small traders received a reprieve after the state partially reopened Mombasa’s Sh450 million Mama Ngina Waterfront yesterday. Tourism Chief Secretary Safina …

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GDC is aiming for further geothermal drilling activities with new financing

GDC’s Kifaru II rig on site near Paka, Baringo-Silali geothermal project, Kenya (source: GDC) GDC continues geothermal drilling and efforts to establish local industrial parks in Baringo-Silali, Kenya. Kenya’s Geothermal Development Company (GDC) is stepping up geothermal exploration work after the Geothermal Risk Mitigation Facility for East Africa received a …

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Kenya: Investigation into the deportation of Turkish nationals

(Nairobi) – Kenyan authorities should investigate the alleged abduction and eventual deportation of Selahaddin Gülen to Turkey, despite a Kenyan court order prohibiting his deportation, Human Rights Watch said today. The deportation of Gülen, a Turkish citizen and registered asylum seeker in Kenya who is also permanently in the USA, …

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Kenya Food Security Outlook Update, June 2021 to January 2022 – Kenya

Below-average prices for basic food mitigate the falling availability of household food Key messages The cumulative below-average short rains from March to May in eastern and northern Kenya led to below-average crop production and the associated income from odd agricultural work. In the pasture areas, the below-average rejuvenation of the …

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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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Raila introduces ODM in new 2022 strategy

Orange Democratic Movement (ODM) party leader Raila Odinga instructed his party on Wednesday June 30th to implement a new popularization strategy as it prepares for the 2022 general election, which will be held next August. In a statement by party general secretary Edwin Sifuna, the ODM announced that it would …

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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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San Diego Community News Group Community

The County of San Diego Health and Welfare Agency is searching for anyone who may have come into contact with a live bat that tested positive for rabies and was found June 25 at the San Diego Zoo Safari Park. The bat was born on Friday in Mombasa Island Pavilion …

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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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What the governor of Nakuru city must do to make history

The governor of Nakuru, Lee Kinyanjui (center), will be appointed by his deputy Dr. Eric Korir (left) and other circle leaders in Nyayo Gardens flanked. [Kipsang Joseph, Standard] Nakuru Governor Lee Kinyanjui deserves a pat on the shoulder as the city is on the edge of size. Nakuru will soon …

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Safari Rally is a game changer for our economy

The story of the Safari Rally matters to Kenyans. [Elvis Ogina, Standard] The Safari Rally has been the most iconic sporting event in Kenya since it began in honor of Queen Elizabeth II’s coronation in the 1950s. It was always a pleasure to watch young and old. It’s a sport …

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The EU and the Republic of Kenya begin strategic dialogue and are committed to the implementation of the Economic Partnership Agreement of the East African Community

COVID-19 has plunged the African continent into a full blown recession. According to the World Bank, the pandemic has pushed up to 40 million people across the continent into extreme poverty. It is estimated that each month of delaying the vaccine introduction program costs about $ 13.8 billion in lost …

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Which Covid-19 blues? Kenya has $ 27,473 millionaires

The number of super-rich Kenyans rose to 27,473 last year, even though the Covid-19 pandemic widened the gap between rich and poor, a new wealth report shows. The report from Switzerland-based financial conglomerate Credit Suisse shows that the percentage of adult Kenyans at over $ 1 million (108 million shredders) …

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The proposed campsite in Tremont gives cause for concern

TREMONT, Maine (WABI) – People in Tremont will have to wait until August to share their thoughts again on a proposed campsite that would offer visitors dozens of accommodations. A public hearing scheduled for Tuesday has been postponed at the request of the couple behind the project. But the idea …

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Tanzania: primer | Global finance magazine

Tanzania’s new leadership prepares for post-Covid economic growth. Dar es Salaam POPULATION STATISTICS Place: East Africa Neighbours: Mozambique; Malawi; Zambia; Democratic Republic of Congo; Burundi; Rwanda; Uganda; Kenya Capital: Dodoma (official); Dar es Salaam (commercial) Population (2021): 61,435,647 Official language: English; Swahili GDP per capita (2019): $ 1,122 GDP growth …

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Kenya Airways will resume flights to London on Saturday

Nairobi-based Kenya Airways has announced that it will resume flights from Nairobi Jomo Kenyatta International Airport (NBO) to London Heathrow (LHR) on Saturday, June 26, 2021. All flights between Kenya and the United Kingdom were suspended on April 9, 2021. after the British government put Kenya on its “red list” …

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Lufthansa’s new airline, Eurowings Discover, ready to go

(MENAFN – Bangladesh Monitor) Berlin: The new airline Eurowings Discover of the Lufthansa Group announced that its Air Operator Certificate was issued on June 16. This means that the airline is now ready to take off and its first flight will leave Frankfurt on July 24th. The foundation stone for …

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Why the so-called “Deep State” in Kenya is a fallacy

The idiom comes from modern Turkey. [Courtesy] Kenya‘s professional civil service and uniformed police (and military) are formidable obstacles to mass clientelism. The “unelected bureaucrats” ensure that the elected leadership carries out the will of the people democratically and according to rules. And to make sure they don’t take power …

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More rail equipment has arrived for building the Mayan train

Coatzacoalcos, Veracruz – Railway equipment used to build the Mayan train has arrived aboard the ship at Coatzacoalcos port in Veracruz university. Ground crews with trucks arrived to unload equipment, including eight locomotives, 28 nacelles, crane equipment, generators, and supplies. The incoming equipment will be used to start the construction …

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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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New Halo Infinite multiplayer maps and weapons revealed

After showing it off at Xbox & Bethesda during the E3 showcase, the new content is coming Halo infinite‘s multiplayer was described in more detail in an article by developer 343 Industries Halo waypoint. The post strictly adheres to details about the game’s multiplayer, including details about the new maps, …

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Return of the rally: Kenya

Nineteen years later, one of the crown jewels of the FIA ​​World Rally Championship is back in business as Nairobi and Naivasha host an undoubtedly adrenaline-fueled African adventure. The old safari has evolved to match the modern WRC, of ​​course, but its character remains on the menu for 2021 with …

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World Rally Championship returns to Kenya

It is a new dawn in the tourism sector in Rwanda as tourists begin to discover a new way of staying in the country and enjoying what it has to offer. Recently, 23 golfers from IKOYI Club, Nigeria, visited Rwanda for a 10-day vacation to play golf and experience other …

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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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A complicated story and a new attitude

Safari-style decor and furniture are strongly associated with Africa. In fact, there is a whole private tourism and elite resort industry built around them. But such spaces and the memories they conjure up have a complicated narrative. From talking about land ownership to animal hunting rights and colonial stories, the …

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Fintech Layer cooperates with UBA for digital banking in Kenya

Layer is a digital transformation platform that enables large financial institutions to improve their digital customer and back office experiences. Through this new partnership, the company will add an additional 18 million users to its platform in 25 different countries. By working with Layer, the financial conglomerate will be able …

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CEO describes Swahili Honey’s journey

Central Park Bees buys honey from around 1,300 smallholder farmers in Tanzania. When Tanzanian businessman Joseph Kadendula, CEO and co-founder of Central Park Bees and his retail brand Swahili Honey, decided to start an apiary, he had no knowledge of bees. What he had was an innate passion for entrepreneurship …

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Carrying the Weight: The Impact of COVID-19 on Older People in Low- and Middle-Income Countries – Outlook from 2020 [EN/AR/RU] – World

Older people around the world at higher risk of abuse and neglect than before pandemic: new report 06/14/2021 • Launch of HelpAge International new report on the occasion of World Elder Abuse Awareness Day • Restrictive measures increase the risk of abuse and neglect • Other health issues overlooked as …

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5 things to know before investing in real estate

KEY POINTS Buying and owning real estate is an investment strategy that can be both rewarding and profitable. It is generally capital intensive and illiquid, hence the need to be well informed before committing funds. Creating wealth is an artistic profession that requires research and learning to ensure that you …

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How the IMF left an indelible mark on this year’s budget

National Treasury and Planning CS Ukur Yattani at the Treasury building on their way to present the 2021/2022 budget to Parliament, Nairobi. June 10, 2021.[Jonah Onyango, Standard] Kenyans are expected to start living with the harsh conditions imposed by the International Monetary Fund (IMF) in the next fiscal year starting …

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Growing aloe vera wipes pastoralists’ tears of loss

Members of the Nalapatui group in Turkana West, Turkana County, who drew on aloe products to help them support their families away from farming.[Bakari Angela] For years, many pastoralists in remote villages in Turkana West Sub-county have been subjected to abject poverty and starvation due to perpetual drought and banditry …

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What is the budget for the agricultural sector in Kenya?

Kenya Second budget Under the shadow of COVID-19, the pandemic is economic recovery The Uhuru Kenyatta Legacy Project.. Clearly, during the President’s last fiscal year, the focus is on completing ongoing investments and creating an enabling environment for economic recovery to protect livelihoods. The agricultural sector, which received a slightly …

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Coffee merger will be financed with $10 billion in debt

A merger between two coffee giants is expected to be funded by at least $10 billion in debt financing, according to a person familiar with the matter. The companies – DE Master Blenders 1753 BV, owner of the Douwe Egberts brand, and Mondelez International Incx MDLZ, -1.04% — said this …

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LIC Housing plans to raise Rs 50,500 crore through debt securities

mortgage lender LIC Housing Finance will seek shareholder approval at its annual general meeting (AGM) on September 28 to raise up to Rs 50,500 crore. Fundraising will be through the issuance of debt securities or other hybrid instruments on a private placement basis. The company plans to raise the amount …

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Rising bills and debt: Tips for negotiating with banks and lenders during the coronavirus pandemic

There may be a way to get some relief from rising bills during the pandemic if you’re willing to negotiate. The coronavirus pandemic has had a serious impact on people’s finances across the United States. Many have lost their jobs. Unemployment claims have flown away. And the national economy fell …

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Labor demands an audit of public debt which has doubled under the Coalition | Australian economy

Labor has asked the Auditor General to look into the Commonwealth’s debt management, in a bid to shame the Coalition for doubling its gross debt since taking office in 2013. Shadow finance minister Katy Gallagher has written to Australia’s National Audit Office asking for a review and noting the “financial …

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Aye Finance raises additional $27.5m amid pandemic

Against the economic slowdown caused by the coronavirus, Indian FinTech Yes Finance Wednesday, June 24, said it raised $27.5 million from a group of investors led by the private equity arm of Alphabet, Google’s parent company. The Gurgaon-based startup, which built a digital lending platform for small businesses, caught on …

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“Control the debt and the deficit”

November 8, 2020 “The government should make the fight against the debt and the deficit one of its highest priorities,” said the Auditor Generalsays the annual report. The report, which details the work of his office for the year ended March 31, 2019, was …

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Unpacking how Dell’s debt and VMware’s stake could come together • TechCrunch

Last week we discussed the possibility that Dell may consider selling VMware as a means of coping with its heavy indebtedness, a burden that has persisted since its Acquisition of $67 billion of EMC in 2016. VMware was the most valuable asset of the EMC family of companies, and it …

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Neiman Marcus and JC Penney skip debt payment

Neiman Marcus Group Inc. is the latest retailer to skip a payment due to bondholders as the coronavirus pandemic keeps stores closed, setting a clock for the company to restructure debt or file for bankruptcy. The luxury retailer failed to pay a $5 million bond coupon on Wednesday, according to …

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Hospitals fear accounting change could hurt debt ratios

A proposed accounting rule would shift some debt from non-current to current, and some hospital executives say the change — affecting tens of millions of dollars in some cases — could throw their debt ratios out of whack. The Financial Accounting Standards Board said the proposed standard, Topic 470, aims …

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CANADA FX DEBT – Canadian dollar adds to weekly gain as retail sales rise

* The Canadian dollar rises 0.2% against the greenback * Canadian retail sales rise 1.1% in September * US oil prices fall 0.2% * Canadian bond yield trading mixed on the curve TORONTO, Nov 20 (Reuters) – The Canadian dollar edged higher against its U.S. counterpart on Friday as domestic …

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Medium-Term Debt Management Strategy 2021-2025

The Ministry of Finance and Economic Affairs has published its updated Medium Term Debt Management Strategy (MTDS) for 2021-2025. The strategy is based on the budget plan and defines objectives and criteria for the management of Treasury debt over the specified period. The main objective of the strategy is to …

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Very patient investors hope to be paid on Cuban debt

As the United States prepares to raise its flag in front of an embassy in Cuba for the first time since the late 1950s, a small group of investors are watching, hoping to finally get paid after holding Cuban debt in default for 15 years. A classic taxi car roams …

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default ‘virtually certain’ after credit downgrades

A bank’s windows are smashed by protesters in Beirut, Lebanon, January 15, 2020. Bilal Jawich | Xinhua News Agency | Getty Images Investors holding Lebanese bonds are expecting the worst, as years of financial mismanagement could well push the country into defaulting on its debt for the first time in …

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South Africa pledges to freeze wages but sees debt spike higher

By Mfuneko Toyana, Wendell Roelf CAPE TOWN (Reuters) – The South African government has pledged to freeze public sector wages for the next three years to contain a gaping budget deficit, but forecast debt to peak at a higher level in a budget to medium term unveiled on Wednesday. Africa’s …

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First Citizen Finance loses €466,000 in 2016 – The Irish Times

Leasing specialist First Citizen Finance lost €466,000 in 2016 following the liquidation of a car loan business, but expects a better performance this year thanks to a change in direction. This year, First Citizen raised 70 million euros from the American company Magnetar Capital. The deal involved selling a 66% …

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How to Get Out of the Hamster Debt Wheel

We often hear the mantra that debt is bad. Still, that doesn’t stop the majority of people from assuming they’ll always have bank payments. For many, using credit to buy vehicles, take vacations, or fund home improvement projects is a normal mindset to make their lifestyle work. They believe that …

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Acworth Church donates $1.65 million to clear medical debt for over a thousand families

ACWORTH, Ga. – One of the many concerns families face in the wake of the coronavirus pandemic is who will pay for medical debit if a family member becomes ill. With many people out of work and losing their medical insurance as a result, families are struggling. But a church …

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10 tips to avoid credit card debt while on vacation

To the surprise of many, credit card debt has actually decreased during the pandemic. Consumers seem to have done a very good job watching their money and making wise choices during this very difficult time. But now the holidays are upon us, and the urge to spend and give is …

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Personal Finance Bible Course for Christian School Students

COLORADO SPRINGS, CO – ACSI and Ron Blue Institute are pleased to announce a new partnership designed to equip junior and senior high school students with a biblical foundation for financial management, empowering them to be wise stewards of their God-given resources. The Personal Finance Bible Program is a six-week …

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Despite high debt, McDonald’s, Hershey, UPS look good

Photo: Pixabay Text size It took years for scientists to realize that not all cholesterol is bad. It’s time for the market to make the same distinction about debt. Yes, corporate America has been rushing to borrow, causing consternation among some market watchers. In 2015 alone, America’s 1,500 largest corporations …

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Former chocolate factory transformed into mixed housing | Housing Finance Magazine

The historic Lowney Chocolate Factory is being redeveloped into a 130-unit mixed-income, mixed-use property in Mansfield, Mass. The project took a step forward when CBRE Affordable Housing arranged permanent funding for the transaction. Courtesy of Red Leaf Development The former Lowney Chocolate factor is being transformed into 130 mixed-income units …

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