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Six counties enter into pact to enforce potato rules
This agreement was made in Naivasha where governors and representatives from the six counties met to strategise on the way forward.
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Insurance policy cancellations hit Sh5bn on Covid-19
Monday January 18 2021
By PATRICK ALUSHULA
Summary
Insurance policy cancellations and withdrawals jumped by nearly a third in the six months to June last year after Covid-19-induced layoffs and salary cuts made it difficult for customers to keep up with premium payments.
Latest data by the Insurance Regulatory Authority (IRA) shows that policy surrenders rose by 26 percent to Sh5.33 billion from Sh4.22 billion posted in the preceding similar period.
Insurers have linked the rise in withdrawals and surrenders majorly in life assurance and pension products on the Covid-19 pandemic that halted economic activities leading to revenue falls, job losses and salary cuts across sectors.
Inmates numbers keep prisons top brass awake
Monday January 18 2021
By EDWIN MUTAI
Summary
The population of inmates continues to surpass the prisons’ holding capacity despite attempts to decongest the facilities through alternative dispute resolution.
The official capacity of prisons in Kenya is 26,687 but data from the Kenya National Bureau of Statistics (KNBS) shows that daily average population of prisoners was 53,348 as at December 2019.
The official statistics indicate that of the daily prison population, 29,796 were convicted inmates while 23,552 were remandees.
The population of inmates continues to surpass the prisons’ holding capacity despite attempts to decongest the facilities through alternative dispute resolution.
2021-01-18 15:35:49 GMT2021-01-18 23:35:49(Beijing Time) Xinhua English
NAIROBI, Jan. 18 (Xinhua) Kenya Tea Development Agency (KTDA) said Monday the country s tea prices have declined for the third year in a row due to global supply surplus above the market demand.
Alfred Njagi, KTDA Management Services managing director said the volume of green leaf produced by its smallholder tea farmers dropped slightly by 0.7 percent to 615 million kilograms in the first six months to December 2020 compared to 619.5 million kilograms in the same period in 2019.
Njagi said the decline in the volume of tea produced is in line with the 2018 Food and Agriculture Organization of the United Nations (FAO) market forecast.
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Central Bank of Kenya head office in Nairobi. [Jonah Onyango, Standard]
Coronavirus caught the world flatfooted, but nothing has pulled a surprise on economic experts more than the hike in diaspora remittances to poor nations during the pandemic.
The World Bank had even projected that remittance flows to low- and middle-income countries were expected to drop by around 20 per cent.
Nine months later, official figures tell a different story – a story of how Africans give, not just out of ability, but out of need and resilience.
In Kenya, what has kept the economy breathing during the pandemic has been agriculture and diaspora remittances.