Category: Kenyas
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World Bank projects Kenya’s unemployment to worsen in 2024
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Kenya’s unemployment rate will worsen in 2024 compared to last year, reflecting a difficult economic environment marked by slowing business activity and a hiring freeze, a World Bank assessment showed. In a new report, the World Bank estimated the unemployment rate at 5.7% in 2024, slightly higher than the 5.6%…
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World Bank projects Kenya’s unemployment to worsen in 2024
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Kenya’s unemployment rate will worsen in 2024 compared to last year, reflecting a difficult economic environment marked by slowing business activity and a hiring freeze, a World Bank assessment showed. In a new report, the World Bank estimated the unemployment rate at 5.7% in 2024, slightly higher than the 5.6%…
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Starlink gains 0.5pc of Kenya’s internet market in first year
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Billionaire Elon Musk’s Tesla satellite internet company, Starlink, captured a 0.5 percent share of Kenya’s internet market in its first full year of operation in the country, amassing a subscriber base totaling 8,063 users at the end of June this year, according to For new data. New statistics from the…
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Enhancing Kenya’s carbon markets penetration
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Kenya is no stranger to carbon trading. In fact, the Berkeley Carbon Trading Project Voluntary Registry database ranked Kenya as the second largest source of voluntary carbon market credits in Africa in 2022, after the Democratic Republic of the Congo. In the world of carbon markets, you will undoubtedly encounter…
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Given full attention, mining sector will transform Kenya’s economy
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Principal Secretary for Mining (PS) Elijah Mwangi interviewed by Daily chores Last week revealed what has been achieved in the mining sector. This was a timely effort because it dispelled the image of a department operating in managed secrecy. However, the Socialist Party has not spoken about the full results…
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The untold story of Kenya’s fake, substandard cement
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A leaked report has shown that three out of every five cement products samples collected by the Kenya Bureau of Standards (KBS) in a market monitoring exercise failed the standard test. The report indicates that only 38.1 percent of the cement tested in February 2022 met the required standards, including…
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We must all partner to resolve Kenya’s human-wildlife conflicts
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Kenya is world-renowned for its natural beauty. Boasting stunning landscapes, tens of thousands of wildlife species and rich biodiversity, alongside bustling urban landscapes, it is among the few countries classified as “highly biodiverse” and is home to the world’s only national park within its capital, Nairobi. However, these praises mask…
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Kenya’s food insufficiency highest in East Africa region – Agra report
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Kenya has the highest number of people skipping meals or living without basic diets in East Africa, and is second only to South Sudan in the number of people classified as food insecure. This is according to a new report by the Alliance for a Green Revolution in Africa (AGRA),…
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What ails Kenya’s mining sector
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Kenya’s mining sector has historically been a low-profile sector, known primarily to those working in the industry. However, recent civil unrest and growing calls from Generation Z for better governance have thrust the sector into the spotlight, exposing the vast mineral wealth beneath our feet. This new interest is not…
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Kenya’s private sector activity in sharpest fall in 39 months on GenZ protests
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Kenya’s private sector activity fell by the most in more than three years in July as deadly social unrest disrupted businesses. Business conditions such as output, new orders and employment in July deteriorated at the fastest rate from June since April 2021 when the world was grappling with the shocks…
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Ethiopia tops Kenya’s foreign assets on Safaricom entry
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Ethiopia has become the host of the largest stock of capital investment from Kenya in Safaricom’s expansion into that market, knocking Tanzania down to second place. Safaricom is investing billions of shillings heavily in its startup operations in Ethiopia. Tanzania and Uganda have traditionally been the top destinations for foreign…
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France-based singer teams up with Benga artiste in homage song to Kenya’s Paris Olympics team
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Marking the celebration of World Music Day on Friday, the musical synergy between Kenya and France will be unveiled in Nairobi tonight (21 June 2024). Singer, songwriter and guitarist Shepton Winyo and Edward Kamau, a Kenyan-born, France-based singer, guitarist and producer, will premiere their collaboration, “Running for Gold”, a song…
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India topples UAE as Kenya’s second largest imports market
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India has regained its position as Kenya’s second largest source market, replacing the United Arab Emirates, whose shipments fell by double digits due to relative stability in petroleum product prices. An analysis of official trade figures for the first three months of the year shows that traders spent Sh72.01 billion…
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Artisanal miners at core of Kenya’s economic transformation agenda
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Since the Kenya Kwanzaa administration assumed power after the August 2022 general elections, the government has been on an unwavering journey of economic transformation, driven by a vision that puts the prosperity of its people at the forefront. Central to this transformation agenda is the mining sector, with a particular…
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Kenya’s deep rooted economic problems cannot be fixed by taxes alone
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According to figures recently released by the Kenya National Bureau of Statistics (KNBS), the Kenyan economy in 2023 grew at the fastest rate in 5 years driven largely by a recovery in agriculture and tourism while real wages contracted for the fourth year in a row. Did the state deliberately…