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Digital lenders call for laws that will grow sector Thursday December 17 2020 Kenyans turn to the digital micro-loans mainly for short-term working capital owing to their convenience. FILE PHOTO | NMG By KEVIN ROTICH Digital lenders have asked the Central Bank of Kenya (CBK) and legislators to enact laws that will spur the growth of the sector. This comes in the wake of the Central Bank of Kenya (Amendment) Bill, 2020 that seeks to curb high digital lending rates. The bill, which is yet to be approved by Parliament, will equip CBK with powers to increase digital lending rates and other loan c...

Few economies ready for long-term prosperity through improved public services: WEF study SECTIONS Last Updated: Dec 16, 2020, 10:23 PM IST Share Synopsis "Almost one year after the onset of the COVID-19 crisis, the deep economic recession it has triggered continues to have profound economic and social consequences," the WEF said while noting that no nation has emerged unscathed. "Germany, Denmark, Switzerland and the UK are relatively better prepared than others to combine adequate labour protection with new safety net models. South Africa, India, Greece and Turkey are less prepared," it adde...

Taiwan's economic resilience recognized in 2020 WEF report 12/16/2020 11:45 PM CNA file photo Taipei, Dec. 16 (CNA) Amid the global economic fallout from the COVID-19 pandemic, the resilience Taiwan has demonstrated was recognized in the special edition of the Global Competitiveness Report for 2020, published by the Swiss-based World Economic Forum (WEF) on Wednesday. Taiwan won praise for displaying three out of five features of competitiveness that were believed to be important for countries to be resilient to this special health crisis and its immediate aftermath, said Wu Ming-huei (吳明...

Adjust font size: COPENHAGEN, Dec. 16 (Xinhua) -- A report released by the World Economic Forum (WEF) on Wednesday said Denmark has the necessary preconditions to weather the current COVID-19 crisis. According to the WEF Global Competitiveness Report, Denmark has the capability to emerge on the other side of the current pandemic and transform its economy into one that both sustains growth and incorporates environmental and human development. In the report, which made a direct comparison with 37 of the 143 countries assessed, Denmark took the first place in which labor market legislation is r...

Photo: Depositphotos.com The Netherlands is one of the countries best placed to emerge from the coronavirus crisis in terms of their economies, according to a new report from the World Economic Forum. The latest edition of the WEF’s Global Competitiveness Report suggests companies with advanced digital economies and skills, with a strong social security network and experience with previous epidemics will be best able to limit the impact of the pandemic, website Nu.nl reported. The agency looked at 126 companies and put Finland top of the ranking, followed by Sweden, Denmark and the Netherla...