Browsing: COVID-19

Low confidence in established financial institutions like banks and savings cooperatives was evident in the survey as they scored a meagre 0.4 per cent and 1.3 per cent as sources of funding for the predominantly informal sector that dominated household enterprises.  

Many of the doubts these business owners have towards expanding their businesses are down to the strained relationship these entrepreneurs have with financial institutions like banks.   

The government introduced a five-year zero profit tax policy for new investments in the hospitality sector which is expected to encourage private sector investment.

According to the study, the development of world-class tourism facilities is expected to lead to job creation and boost tourism earnings.

A recent report showcasing how Covid-19 has affected travel with restrictions has shown that Kenya is the recent most banned…

That year, in 2015, Kenya, Rwanda, Uganda, and Tanzania settled for a three-year plan to phase out the importation of used clothes, a major exporter been the United States. To realise the intended ban, taxes were increased on second-hand clothes were increased effectively deterring their importation. The plan was to completely ban the import of second-hand clothes as of 2019.

This ambitious vision was never realized as the Trump administration issued an ultimatum for EAC to rescind the ban on second-hand clothes by 23 February 2018 or, as the DW writer Isaac Mugabi puts it ‘face the consequences.’

Economic activity in East Africa is estimated to have declined to a growth of 0.9 percent in 2020 from 6.6…

If death could be bribed, the rich men would never die, this old African saying has come to life as…

The Kenya Medical Supplies Authority (KEMSA) says it has stepped up plans to guarantee quality medical products and technologies supply…

Manufacturers from Kenya and Tanzania are set to hold three day talks starting today to deliberate on trade promotion and…

The firm has undertaken assignments in 50 of the 54 African countries and employs more than 500 people in its network of over 20 local offices.

This latest partnership comes at a time when the firm’s latest London sales and lettings reports show that June was a record-breaking month for sales transactions, lettings, viewings and new prospective tenants registering.

Stopping an increasing trend of COVID-19 cases in Africa will require additional funding.  This was announced by the International Federation…