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Kenyan businesses optimistic of economic rebound in 2021: survey


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Kenyan businesses optimistic of economic rebound in 2021: survey
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Kenyans are seen in a queue for COVID-19 vaccination at Mbagathi County Hospital in Nairobi, capital of Kenya, March 23, 2021. (Xinhua/Fred Mutune)
Kenyan businesses are optimistic that the country's economy will rebound in 2021 as the east African nation steps up COVID-19 vaccination, a central bank survey says.
NAIROBI, April 8 (Xinhua) -- Kenyan businesses are optimistic that the country's economy will rebound in 2021 as the east African nation steps up COVID-19 vaccination, the Central Bank of Kenya (CBK) said in a new survey released on Tuesday evening.

Treasury pledges to IMF Covid cash audit release

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Treasury pledges to IMF Covid cash audit release
Friday April 09 2021
By CONSTANT MUNDA
Summary
Kenya has pledged to lay bare how funds mobilised to fight the first wave of Covid-19 were spent by end of next month in a disclosure to the International Monetray Fund (IMF) amid the push for accountability and transparency from the multilateral lender.
Auditor-General Nancy Gathungu will publish an audit report on expenditure of Covid-related cash, including the $739 million (Sh79.8 billion) first International Monetary Fund (IMF) credit, Treasury secretary Ukur Yatani has said.
Kenya has pledged to lay bare how funds mobilised to fight the first wave of Covid-19 were spent by end of next month in a disclosure to the International Monetray Fund (IMF) amid the push for accountability and transparency from the multilateral lender.

Kenyan businesses optimistic of economic rebound in 2021: survey - World News


2021-04-07 10:31:36 GMT2021-04-07 18:31:36(Beijing Time) Xinhua English
NAIROBI, April 7 (Xinhua) -- Kenyan businesses are optimistic that the country's economy will rebound in 2021 as the east African nation steps up COVID-19 vaccination, the Central Bank of Kenya (CBK) said in a new survey released on Tuesday evening.
The apex bank said it surveyed banks and other private sector firms, of which 83 percent of respondents showed optimism.
"Their optimism in the survey is attributed to the vaccine rollout, which they expected would help manage the COVID-19 situation in the country, allow easing of travel restrictions, boost confidence and result in a rebound in the local and global economy," said the CBK in the Market Perceptions Survey for March.

Covid-19 created 2.5 million poor Kenyans last year, says CS Yatani

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A study by the World Bank showed that half of the Kenyan households last year were struggling to put food on the table following the economic effects of Covid-19.
The World Bank study, which was cited by the International Monetary Fund (IMF), found that incomes for virtually all households in Kenya decreased.
Half of the respondents noted that they altered their eating habits as a result. “Almost all households surveyed (by the World Bank) in Kenya said their income has decreased. About half said they are ‘cooking less frequently’ and have altered their diet,” the survey asserted.
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Covid-19 created 2.5 million poor Kenyans last year, says CS Yatani

Covid-19 has affected mostly the service sector, especially hotels, accommodation and transport

2020's false hope for Jua Kali artisans as 2021 turns into pain


THE STANDARD
By
Peter Theuri |
April 4th 2021 at 00:00:00 GMT +0300
Meshack Odhiambo Otieno, a Juja based welder during an interview with The Standard. [David Njaaga, Standard]
Outside Beba Beba Trade Centre, along Tom Mboya Street, Nairobi, hundreds of commuters queue, hoping the next bus to Kasarani’s Mwiki will not be that long. It is around seven o’clock in the evening, and panic is setting in. Curfew begins in an hour.
These scenes were last experienced early last year when the night curfew started at seven in the evening. Still, there is a palpable difference.
Back then, bus conductors were armed with sanitisers, and every passenger had to get their hands sprayed with a pint of alcohol before boarding. There was also a handwashing station, where every passenger stopped for a few seconds.

Kazi Mtaani Beneficiaries To Be Paid Just In Time For Easter

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Kazi Mtaani Beneficiaries To Be Paid Just In Time For Easter
Beneficiaries of the Kazi Mtaani programme under Cohort A will receive their latest payment just in time for the Ester holidays.
Principal Secretary of the State Department of Housing and Urban Development, Charles Hinga, on Tuesday apologized for the delays saying funds will be disbursed to Kenyan youth today, Wednesday, March 31.
“To all Cohort A Kazi Mtaani youths, your payment is being processed, should be paid latest tomorrow. Once again apologies for the delay in payment,” he said.
Hinga explained that the funds were delayed for two days due to administrative issues.

CS Kagwe roots for social protection as Kenyans complain over new covid-19 rules


By
Standard Reporter |
March 31st 2021 at 16:27:12 GMT +0300
CS Mutahi Kagwe, Kenya's Health Ministry
The Cabinet Secretary for Health Mutahi Kagwe has underscored the role of social protection programmes’ to ease economic challenges associated with the Covid 19 pandemic.
Speaking when he delivered the Guest of Honour speech at the twenty-third African Economic Research Consortium (AERC) Virtual Senior Policy Seminar, Kagwe noted that well thought out social protection programmes will act as safeguards for the economically vulnerable.
Social protection initiatives, he said, support positive health outcomes by mitigating economic shocks, such as income losses resulting from the measures governments have imposed to contain the spread of COVID-19.

Kenya calls on African governments to adopt social protection programs amid pandemic - World News


2021-03-31 14:56:38 GMT2021-03-31 22:56:38(Beijing Time) Xinhua English
NAIROBI, March 31 (Xinhua) -- Kenya on Wednesday called on African governments to adopt social protection programs as part of efforts to mitigate economic challenges arising from COVID-19 restrictions.
"If governments have channels in place that they can use to put income into people's hands when they lose their livelihoods, they can forestall losses that might set economic recovery back years," Mutahi Kagwe, Kenyan Cabinet Secretary for Health, said at the 23rd African Economic Research Consortium (AERC) virtual senior policy seminar.
The forum which features delegates from across the continent, including central bank governors, finance and economic affairs ministers among other stakeholders, is discussing the global COVID-19 pandemic and its implications for the African economies.

Partner With Us In 'Kazi Mtaani', Uhuru Urges Dev't Partners

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President Uhuru Kenyatta has asked Kenya's development partners to support public programs that directly benefit wananchi such as the 'Kazi Mtaani' youth employment initiative.

The President said 'Kazi Mtaani' had not only created gainful employment for thousands of youth but also helped develop

Kenyan Youth in Kazi Mtaani Programme Receive Boost From Govt

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Kenyan Youth in Kazi Mtaani Programme Receive Boost From Govt
Beneficiaries of the Kazi Mtaani programme have received a major boost after the govt approved their appeal for an extension of the initiative.
The steering committee of the National Hygiene Programme(Kazi Mtaani) has extended the exercise which was set to end today, March 4, 2021, by another month.
“The President promised two weeks ago that Kazi Mtaani will be extended following an appeal by the youth,” State Department of Housing and Urban Development PS Charles Hinga said in a statement.
The PS explained workers under the program operate on two shifts of Cohort A and B, each working for 11 days a month. Each worker earns Ksh455 per day while the supervisors earn Ksh505 per day.

Ray of hope as economy awakens from Covid slumber


Kenyans venture out
But by December 2020, with the fear of succumbing to the deadly virus receding and being replaced by that of dying from hunger, Kenyans thought it was time to venture out.
A poll that was done in August 2020 by Twaweza, a non-governmental organisation, found that seven in 10 Kenyans named negative business and economic impacts when asked about the impact of Covid-19, compared to just a quarter who said they feared contracting the virus itself. 
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This, coupled with friends and families growing fonder of each other after a long period of separation, saw Kenyans revert to the earlier described Aristotelian disposition of being social.

Kenya's economy recovering amid Covi-19 effects


Kenyans venture out
But by December 2020, with the fear of succumbing to the deadly virus receding and being replaced by that of dying from hunger, Kenyans thought it was time to venture out.
A poll that was done in August 2020 by Twaweza, a non-governmental organisation, found that seven in 10 Kenyans named negative business and economic impacts when asked about the impact of Covid-19, compared to just a quarter who said they feared contracting the virus itself. 
Subscribe to Our Newsletter
Subscribe to our newsletter and stay updated on the latest developments and special offers!
This, coupled with friends and families growing fonder of each other after a long period of separation, saw Kenyans revert to the earlier described Aristotelian disposition of being social.

Uhuru extends Kazi Mtaani

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News,Gossip,Sports and Entertainment from Nairobi.

Uhuru campaigns for BBI, hails Nairobi MCAs for passing bill


THE STANDARD
POLITICS
President Uhuru Kenyatta has said the government will extend the National Hygiene Programme dubbed Kazi Mtaani which was supposed to end in March this year.
Speaking on Friday when he commissioned Kayole Hospital Uhuru said everywhere he goes, the youth have told him they would like the programme to continue hence the decision to extend it.
“I was in Uthiru, Kiamaiko and other places and the youths have told me they want Kazi Mtaani extended so that they can continue working and serving their nation, I will extend it,” he said.
The programme which is under the State Department of Housing and Urban Development was to end on March 4 after being extended for another one month.

Kayole residents pledge to support BBI bill


Kayole residents pledge to support BBI bill
President Uhuru Kenyatta has urged Kenyans to back the Building Bridges Initiatives (BBI), saying it will increase the amount of development resources devolved to the grassroots.
Speaking on Friday when he toured Kayole and Dandora to launch health and water projects implemented by the Nairobi Metropolitan Service (NMS), President Kenyatta specifically encouraged Nairobi residents to support BBI as it is set to address most of the problems facing them as a result of inequitable allocation of resources.
“Here in Nairobi you are allocated the same amount of funds as other areas but because of the huge population, those resources are not sufficient.

Govt Addresses Reports of Mass Firings in Kazi Mtaani Program

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Govt Addresses Reports of Mass Firings in Kazi Mtaani Program
13 February 2021 - 9:38 am
Government Spokesperson Col. (Rtd) Cyrus Oguna during a community engagement forum in Kaptembwa, Nakuru County on February 12, 2021.
Twitter
Government Spokesperson Cyrus Oguna has responded to claims that the government would discontinue the Kazi Mtaani initiative that would lead to thousands of youth under the program losing their jobs.
Oguna on Friday, February 12, released a statement following reporting by a local media house quoting the official directing youth to leave the programme as the government had no money to sustain it.
The alleged statement which the spokesperson has come out to refute elicited backlash from a number of Kenyans online who faulted the government for being detached from the situation for many Kenyans in the grassroots.

High octane politics at burial as Ruto and Raila allies fight

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THE STANDARD
Deputy President William Ruto with ODM leader Raila Odinga during the burial of Mzee Abel Gongera, father to Kisii County Joash Maangi at the Tendere Secondary School grounds, Gucha, Kisii County. [DPPS, Standard]
MPs allied to Deputy President William Ruto and ODM leader Raila Odinga exchanged blows at a burial attended by the two leaders.
Yesterday, Ruto and Raila who were sharing a podium for the first time this year during the burial of Abel Gongera, the father to Kisii Deputy Governor Joash Maangi, watched as their allies exchanged blows.
Tempers flared over succession politics, the Building Bridges Initiative and fight against graft.

Tough balance as Sh3tr Budget bids to secure Uhuru legacy


THE STANDARD
President Uhuru Kenyatta at State House, Nairobi, during the 2020 virtual African Delivery Exchange Conference. The 2021-22 Budget will the last full spending plan his administration will oversee. [File]
The government will spend Sh3 trillion in the year to June 30, 2022, pushing President Uhuru Kenyatta’s eight-year total spending to Sh18.5 trillion.
But as fate would have it, the president’s fiscal policy - which largely depends on massive spending and public revenue - might end as it started: with high expenditure needs, decreasing tax revenues and increased borrowing.
Thanks to the Covid-19 pandemic, the Treasury will chalk up more debt, borrowing Sh937.6 billion to plug a budget hole caused by the virus, which has left the economy on its knees.

Tough balancing act as Sh3tr Budget to secure Uhuru legacy


THE STANDARD
President Uhuru Kenyatta at State House, Nairobi, during the 2020 virtual African Delivery Exchange Conference. The 2021-22 Budget will the last full spending plan his administration will oversee. [File]
The government will spend Sh3 trillion in the year to June 30, 2022, pushing President Uhuru Kenyatta’s eight-year total spending to Sh18.5 trillion.
But as fate would have it, the president’s fiscal policy - which largely depends on massive spending and public revenue - might end as it started: with high expenditure needs, decreasing tax revenues and increased borrowing.
Thanks to the Covid-19 pandemic, the Treasury will chalk up more debt, borrowing Sh937.6 billion to plug a budget hole caused by the virus, which has left the economy on its knees.

Economy needs major push but not from wheelbarrows


THE STANDARD
OPINION
ODM leader Raila Odinga in Kayole on January 17, 2021. [Edward Kiplimo,Standard]
Covid 19 Time Series
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One dead and six in hospital after anthrax outbreak
The sick are said to have been in contact with the carcass of a cow suspected to have been infected with the infectious disease
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Sex and poverty: Major crises behind high number of teenage pregnancies


THE STANDARD
What does Sh100 mean to you? May be just enough to buy groceries from mama mboga. For others, it barely registers in their daily expenditure.
For teenage girls in the slums of Nairobi, it is the amount they need to buy sanitary pads, and when they cannot raise it, they go looking for cash from men. And the result is unplanned pregnancy.
Desperate and choked by poverty, these girls become mothers at a tender age because of the struggle to ensure dignity while receiving their monthly period.
In informal settlements, teenage mothers drop out of school and look for menial jobs to cater for the babies. They wake up every day to look for casual jobs. But because they have no skills, certificates or government identification, they rarely earn more than Sh200.

We must pay more attention to youths


THE STANDARD
By
Vivienne Taa |
January 14th 2021 at 15:54:07 GMT +0300
Kenyan youth in a past political function. [File, Standard]
Last June, a video of a man being robbed by two armed young men on Kindaruma Road in Kilimani, Nairobi, went viral.
Around the same time, I witnessed a woman taking an evening stroll being robbed of her mobile phone by a young man. I have also heard and read of similar stories from people who have either gone through the same experience or witnessed theft - some very violent - committed by young people.
I interact with young people who share their experiences and frustrations in their quest to improve their lives. One of them is a young woman in her early 20s (let’s call her Moraa). Moraa lost both parents and was brought up by relatives.

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