Saturday, April 27

Kenya

community health workers Kenya
  • Kenya has already enlisted over 107,831 community health workers through the Ministry of Health.
  • The target cohort of 25,000 will be trained in the first phase, according to the Resilient and Empowered African Community Health (REACH) initiative.
  • REACH will be implemented in phases, aiming to boost skills of the 107,831 community health workers employed by the Government.

Kenya has launched a community health initiative supported by the African Union geared to boosting primary health care at the grassroots, targeting under-served populations.

The programme, under the auspices of the African Union (AU) Member States, is known as Resilient and Empowered African Community Health (REACH) and is geared towards increasing Community Health Workers (CHWs) to over two million in the continent by  2029.

Under the first phase of the initiative, over 25,000 CHWs newly recruited in Kenya will be trained on community health and on the use of Community Health Promotion (CHP) …

Read More
f014d77e112ff454426e06d433212fd7 Kenya Bet

On July 1, 2023, Kenya’s government announced a milestone change in the taxation setting by increasing the existing 7.5% tax to 12.5%.

Recent History of Kenya’s Stake Taxation

Njuguna Ndungu, National Treasury Cabinet Secretary, explained that the financial maneuver focuses on fighting against underage betting among Kenyan students. He also spent a speech on the addictiveness of gaming and betting and their detrimental social consequences on families and, in general, on the country’s youth. This stake tax decision has been controversial for the government, which decided to double the tax rate from 10% to 20% in 2019.

On the other hand, this decision provoked a decrease in tax revenue, partially resulting from a market exit trend. Thus, the National Treasury CS Ukur Yatani reintroduced the tax in 2021. The same year, the government fixed the excise duty at 20% of the income from stakes and betting activities.

However, the Finance …

Smart Water Meters to be deployed as Safaricom partners with KEWI

Safaricom has partnered with the Kenya Water Institute (KEWI) to deploy Smart Water System in the water sector. Through the partnership, Safaricom will deploy the system at the KEWI’s Nairobi and Kitui campuses to facilitate practical training. The giant telco will additionally co-create and run a Smart Water Management curriculum for students at the institution.…

Electric transport offers Kenya a way out of its fuel crises. Power supply for electric car charging. www.theexchange.africa
  • Kenya Power is at the center of electric motorization as it has to ensure adequate and reliable electricity supply to spur the growth of this nascent industry.
  • GIZ is keen to help Kenya develop a framework that will support a coordinated approach toward the implementation of electric motorization in the country.
  • Kenya Power has already announced plans to phase out fossil fuel-powered vehicles and motorbikes from its fleet in favour of electric-powered ones.

Kenya’s ambitious goal to expand the Electric Vehicles (EVs) market has received backing from the Germany government, in what could help the East African nation fast-track adoption of the environmentally friendly units.

More than 300 experts drawn from the energy, finance, and transport sectors, as well as county governments, development partners, and the private sector will meet in Nairobi for an e-mobility conference scheduled for February 7-8. The forum will focus on the road map for electric …

Kena central bank governor Patrick Njoroge

The Central Bank of Kenya (CBK) has retained the base lending rate in the country at 8.75 per cent, citing easing inflationary pressure and positive macroeconomics outlook.

CBK’s decision making orga­­­­­n –­­­­­­­­ Monetary Policy Committee (MPC) met on Monday  against a backdrop of a weak global growth outlook, decline in global commodity prices, easing inflationary pressures, geopolitical tensions, persistent uncertainties, and measures taken by authorities around the world in response to these developments.

This includes the back-to-back fed rate hikes witnessed in the US as the country navigated high inflation which hit a peak last year.

Kenya’s overall inflation decreased to 9.1 per cent in December 2022 from 9.5 per cent in November, mainly due to lower food prices.

Food inflation declined to 13.8 per cent in December from 15.4 per cent in November, largely driven by a decrease in prices of maize and milk products.

This is pegged on …

Kenya's president Ruto

Kenya’s President William Ruto has asked his Cabinet Secretaries to act fast to deliver on his administration’s development programmes, “with speed and efficiency”.

“We made important promises to the people of Kenya, especially those at the bottom of the economic pyramid. And we must deliver,” the president said.

According to Ruto, there are no excuses not to deliver his mandate adding that the government must work as a team and drive the interests of the people.

He was speaking at a cabinet retreat on the implementation of the government’s development priorities for 2023.

In the run up to the August 2022 General Elections, Ruto gave a number of promises under his bottoms-up economic plan.He unveiled a five-point manifesto dubbed ‘The Plan’, which he said would address Kenya’s economic challenges.

Economic recovery in a post-Covid era was one of his main objectives. Ruto also pledged to invest at least Sh250 billion …

Kenya's business conditions 2024
  • The economy recorded an average growth of 5.6 percent in the period between January to September 2022 
  • The Country’s Q3’ 2022 Gross Domestic Product (GDP) hit 4.7 percent. 
  • The growth was largely driven by the non-agricultural sectors

The Kenyan economy recorded an average growth of 5.6 percent in the period between January to September 2022 according to the latest report by Cytonn Investments. 

The annual markets report indicates that the country’s third quarter Q3 Gross Domestic Product (GDP) hit 4.7 percent, adding to the 5.2 percent and 6.8 percent growth recorded in Q2 and Q1 respectively. 

The average GDP growth of 5.6 percent marked a decline from the 7.7 percent average growth recorded in a similar period in 2021. 

“The growth in Q3 was largely driven by the non-agricultural sectors, with accommodation and food, wholesale and retail trade, professional administrative and support, and finance and insurance sectors recording growths of

Treasury has directed Cabinet Secretaries and CEOs of parastatals to draft the 2023 budget for the fiscal year beginning July 2023. www.theexchange.africa

The Treasury has directed Cabinet Secretaries and CEOs of parastatals to draft the 2023 budget for the fiscal year beginning July 2023 based on policies implemented by President Uhuru Kenyatta’s government, despite uncertainty about when the next Head of State would take office after Raila Odinga filed a petition at the supreme court.…

Energy Resources across Africa.Source Research Gate Oghomwen Igbinovia

As Africa’s role in the global economy continues to garner prominence, it’s imperative for the continent to seal the gaping hole in its power supply.

Lack of universal power access remains a major roadblock that has retrogressed industrialization and socio-economic development. Statistics from the World Bank indicate that Africa remains the least electrified region in the world, with 568 million people lacking access to electricity.

The Bretton Woods institution, further notes that the Sub-Saharan Africa’s share of the global population without electricity, jumped to 77 per cent in 2020 from 71 per cent in 2018, whilst most regions saw declines in their share of access deficits. It has become a Hobson’s choice for African governments to prioritize the power sector, which is the epicenter of industrialization, working towards Goal 7 of the UN SDGs; which advocates for universal access to affordable, reliable and modern electricity services.

Currently, Africa’s power is …

LB Investment
Subscribe to Our Newsletter

STAY INFORMED

Unlock Business Wisdom - Join The Exchange Africa's Newsletter for Expert African Business Insights!

Stay ahead of the game with our weekly African business Newsletter
Recieve Expert analysis, commentary and Insights into the enviroment which can help you make informed decisions.