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Browsing: Kenya
As of October last year, Tanzania, East Africa’s Largest producer of cement, was facing so much shortage that prices almost doubled.
A 50kg bag of cement that would, on normal market weather conditions go for about USD 6 the price shot up 30 per cent to a little over USD 8, show the National Bureau of Statistics data for October 2020.
It was a paradox, and the hardliner government wouldn’t have it, newly re-appointed into power, Tanzania’s Prime Minister Kassim Majaliwa was swift to act. He ordered a nationwide inspection of all known cement factories, warehouses, distribution points and even retail shops.
Africa’s vast lands have for a long time not been exploited for agricultural production. In fact, 61% of the world’s unused arable land is found in Africa. Little effort is being made to exploit this vast resource to feed the continent. On the flip side, the Food and Agriculture Organization says 239 million people in the region were undernourished as of 2018.
Since long before the COVID-19 pandemic, these chronic food crises have been driven by a variety of factors, including economic shocks, climate, and conflict, according to Brookings Institute.
Kenya and the United Kingdom signed a new trade deal that guarantees duty-free access to the UK market for Kenyan…
There are jitters among less developed countries as news of a potential vaccine candidate for Covid-19 was announced by Pfizer…
East African countries have had a tough balancing act in 2020 as the Covid-19 situation oscillated from good to bad over and…
Kenya pension schemes are gearing up to undertake major infrastructural work, taking advantage of a growing need for capital both…
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Tanzania has announced plans to roll out its own tea auction, a move that would tap major players from the…
East Africa Data Centre (EADC) Asset Company has finalized a $1.2Million investment in design, installation, and maintenance of commercial and…
Forex trading is the buying or selling of currency on the international currency market. Forex trading aims at extracting profits…