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Kenya imports from South Africa drop to 12-year low
Thursday April 29 2021
A consignment of heavy steel is transported by rail from Mombasa. Kenya has signed an agreement with a Chinese company to develop a steel plant. PHOTO | FILE
By CONSTANT MUNDA
Kenya’s imports from South Africa slid to a 12-year low largely on reduced orders for iron and steel products amid a slowdown in public expenditure on infrastructure.
The value of goods ordered from Africa’s most developed economy contracted 35.81 percent to Sh47.52 billion ($ 432 million), according to provisional trade data from the Kenya Revenue Authority (KRA) shared with the Central Bank of Kenya (CBK).
Pwani Oil partners with Nurses Association in war against Malaria in Kilifi County
Shares
Mombasa-based manufacturer Pwani Oil has partnered with the Kenya Professional Nurses Association (KPNA) to sensitize residents of Kilifi County on prevention and eradication of Malaria.
The project involves educating local communities on malaria prevention through the use of mosquito nets and other simple measures like using soap containing mosquito repellants. Besides offering logistical support, Pwani Oil also donated Detrex Citronella soap containing citronella, a natural ingredient that repels mosquitoes and other insects, and Detrex hand sanitizing gel.
Kilifi County has among the highest prevalence of malaria in the country, with 20-50 people out of 1,000 in the county diagnosed with the disease in 2019.
THE STANDARD
FINANCIAL STANDARD
It is by creating channels through which millennials can express themselves that companies have managed to keep their youthful employees happy. [Courtesy]
In 2008, PricewaterhouseCoopers predicted that by 2020, half of the world’s working population would be millennials.
In their soaring numbers, this generation (born between 1981 and 1996) would be doing almost every task and supporting a burgeoning older generation.
“Millennials matter because they are not only different from those that have gone before; they are also more numerous than any since the soon-to-retire Baby Boomer generation. Millennials already form 25 per cent of the workforce in the US and account for over half of the population in India,” wrote PwC in the survey report.
Nairobi is home to 75pc of Kenya billionaires
The heavy concentration of billionaires in Nairobi indicates inequality in the country’s economic development.
Africa’s rich have suffered the most from the economic impact of the pandemic, with AfrAsia Bank saying the share of super-rich persons in the continent dropped by nine percent last year.
In Nairobi, the number of billionaires shrank by 10, accounting for 38 per cent of the persons whose net assets fell below $10 million.
Tuesday April 27 2021
By BRIAN NGUGI
The heavy concentration of billionaires in Nairobi indicates inequality in the country’s economic development.
Africa’s rich have suffered the most from the economic impact of the pandemic, with AfrAsia Bank saying the share of super-rich persons in the continent dropped by nine percent last year.