ECONOMY

Africa Risk-Reward Index says Kenya and Ethiopia might soon outshine heavy-hitters South Africa and Nigeria in the competition for investment

As outlined in a recent policy brief, increased access to clean cooking has tremendous positive benefits for Kenyan households and society, including reductions in smoke-related illnesses and deaths, household time savings, mitigation of climate change, and improvements in local environmental quality.  

The French made AS Aerospatiale 350B3e Eurocopter is the most popular brand with Kenyans. The cost of this helicopter is $1.9 million (Ksh202.8 million). The cost goes upwards of Ksh350 million as the chopper has to be assembled in Kenya. It’s flown into the country in parts once it has been purchased.

China is a huge source market for a wide range of goods including raw materials, construction materials, furniture etc.

With bars' operating hours in Kenya restricted due to Covid-19 restrictions, many bartenders have been engaged in other activities even as others grapple with unemployment and wage cuts. It is expected that the program will offer them an opportunity to use the time on their hands to upgrade their skills to world-class standards, placing them in a good position to bounce back from the shocks of the pandemic.

The government says that this is in its plan to create economic opportunities in the country

The Transport Index decreased by 1.40 per cent, mainly due to decreases in pump prices of petrol and diesel

During her speech the Principal Secretary Dr. Margaret Mwakima stated that the Ministry has taken note of Huawei initiatives to develop the ICT and digital talent of the youth in the country and beyond.”  It is for this reason that the ministry will sign a partnership to expand Huawei ICT Academies in our TVET institutions.” she added.

Increased demand for trucks, however, drove up total industry sales 6.26 per cent to 2,867 units during the same period. Land Rover unit sales by Inchcape Kenya registered the biggest decline for the high-end car segment, falling to 2 in the review period from nine the previous year.

George Otiende noted that DTB expected to advance the bulk of the funding, KSh1.2 billion, by June 2021. This would be in addition to other measures taken to help businesses get back on their feet by replenishing their working capital, aiding the acquisition of business assets, and recovery from the impact of the Covid-19 pandemic.