EU grants Kenya Ksh.602 million to support safe regional trade

The European Union has granted Kenya Ksh.601.5 million (€5 million) to support the Safe Trade Emergency Facility implemented by Trade Mark East Africa (TMEA).

The contribution by Eurozone makes for the largest donor in the programme, rolled out in the wake of the COVID-19 pandemic to keep regional trade afloat even as countries wage war on the virus.

 

Kenya’s foreign direct investment falls by Sh31bn

The inflows were estimated at $1.33 billion (Sh141.84 billion), a drop of 18.08 percent over nearly $1.63 billion (Sh173.15 billion) that foreign investors pumped into the Kenyan economy in 2018, the United Nations Conference on Trade and Development (UNCTAD) wrote in a report published on Tuesday. Reference:https://www.businessdailyafrica.com/news/Kenya-foreign-direct-investment-falls-by-Sh31bn/539546-5577744-fubarsz/index.html

Egypt lender donates Sh10m to Kenya’s Covid-19 kitty

The task of fighting this pandemic is huge and no single entity can do it alone. My hope is that this contribution will assist the government as it works with the medical services and frontline staff to save lives in Kenya,” said CIB chairman and managing director Hisham Ezz Al-Arab in statement on Wednesday. Reference:https://www.businessdailyafrica.com/news/Egypt-lender-donates-Sh10m-to-Kenya-Covid19-kitty/539546-5578330-5n6vptz/index.html