Browsing: COVID-19

Covid-19 has hit small businesses hardest and around the world, many are either still struggling or they have already shut down almost two years after the pandemic started.

The pandemic has caused large-scale loss of life and severe human suffering globally and as the largest public health crisis in our time, the pandemic has also generated a major economic crisis. 2020 saw a halt in production in affected countries, a collapse in consumption and confidence, and stock exchanges responding negatively to heightened uncertainties.

In Africa, things are no different and despite the hit by the pandemic, a June 2021 African Development Bank (AfDB) White Paper, Entrepreneurship and Free Trade: Africa’s Catalysts for a New Era of Economic Prosperity, states that entrepreneurship must be at the heart of efforts to transform Africa’s economic prospects.

Read: Why Kenya’s small businesses are choking

The Covid-19 crisis has triggered shifts that open up …

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 nation across East Africa.

Kenyan’s are banned from travelling to at least 54 countries due to the Covid-19 pandemic.

The East African nation is cited to be among countries due to be hit by the fourth wave of the highly contagious Covid-19 Delta variant virus. The country’s Health Ministry made the announcement recently urging its citizen to act with caution.

This fourth wave is said to be much more transmissible than the earlier two varieties. It was first identified in India but has now been reported present in western Kenya as well. From there, it is feared that infections may affect all of Kenya over the course of the next two months hence there is no surprise that increasingly more countries are barring Kenyans from entering their borders.

The estimate …

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 percent in 2019 and is projected to recover to a growth of 3 percent in 2021.

This is revealed in Deloitte’s East Africa Economies Report 2021 which attributed the expected growth to the projected increase in private consumption and domestic demand after the easing of travel restrictions and roll out of COVID-19 vaccinations.

The report shows that massive job losses, disruptions in food value chains and multiple shocks of desert locusts saw an additional 30 million Africans pushed into extreme poverty in 2020.

“About 39 million more Africans could fall into extreme poverty in 2021 if governments do not intervene with food relief measures,” it reveals.

The report puts loss of jobs in 2020 at 30 million, 10 million higher from the previous forecast of 20 million in Deloitte’s previous …

If death could be bribed, the rich men would never die, this old African saying has come to life as new light is shown on Ugandan doctors over charging Covid-19 patients for treatment. After all, once diagnosed, one is ready to pay any amount to rid themselves of the dreaded virus, so the doctors put two and two together and charge more.

Here is the shocking and even upsetting if not downright despicable testimonial of a patient who was been swindled after he was diagnosed positive of Covid-19. He speaks of what happens as he is admitted in to a private hospital in Uganda mid last month.

“After two days of admission, the hospital told me they needed me to advance some money, $750…I did not have it anyway…when discharging me, that’s when they gave me the full medical bill of $2,482.”

This is just one patient, but he represents …

The Kenya Medical Supplies Authority (KEMSA) says it has stepped up plans to guarantee quality medical products and technologies supply to more than 8,000 facilities in the national public health care system, with a floating of two competitive tenders for pharmaceutical products.

In a statement, KEMSA says the newly floated tenders are open for local manufacturers and related suppliers, including youth, women and persons with disability-owned enterprises, which can participate under the Access to Government Procurement Opportunities (AGPO) program, among other supplier categories.

Kenyan and international bidders seeking to supply Health Products and Technologies (HPTs) under a two-year framework model converged at the College of Insurance, Nairobi, Monday for a pre-bid conference.

The move comes at a time when the Authority is trying to regain trust and revamp its public image following the questionable and inflated Sh7.8 billion Covid-19 supplies tenders in which billions might have been misappropriated or stolen.…

Manufacturers from Kenya and Tanzania are set to hold three day talks starting today to deliberate on trade promotion and market access between the two countries. 

According to Kenya Association of Manufacturers who will be co-hosting the event, Food and Beverage, Edible Oils, Chemicals, Automotive, Leather and Footwear sectors are some of the manufacturing sectors that shall participate in the trade mission.

The event is also being hosted by Confederation of Tanzania Industries (CTI).

Leading the Kenyan delegation, KAM Chairman Mucai Kunyiha noted that addressing pertinent issues between Kenya and Tanzania will not only enhance trade between the two nations but also drive the competitiveness of products and services from both countries

He added that the two countries have the capability and capacity to add value to the wide array of resources that both countries have for export markets.

He however said that achieving this is hindered every time the …

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 of Red Cross and Red Crescent Societies (IFRC), amid a worrying surge of cases in Uganda, Rwanda, DRC, Namibia, Zambia, Mozambique, and South Africa.

National Red Cross teams in these seven countries are stepping up surveillance, testing, healthcare and hygiene activities. 

They have also scaled up their COVID-19 awareness campaigns in public places such as markets and border points.

However, efforts like these ones, aimed at containing the spread of the virus, have been strained by insufficient funding. With a third wave looming large, there are increasing concerns that the impact will be more devastating, especially if the shortage of funds persists.

Mohammed Mukhier, IFRC’s Regional Director for Africa said that since the outset of this pandemic, not enough attention has been paid to the evolution of this virus on …