Category: INTERNATIONAL
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Kenya:NHIF to offer outpatient in top hospitals
Private sector and informal workers will start accessing outpatient medical treatment at top private facilities like Aga Khan, Mater and Nairobi Hospital under an arrangement in which the NHIF will pay part of their bills. The National Hospital Insurance Fund (NHIF) is in discussion with the premium hospitals to roll out a co-payment scheme for…
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S.A:The world’s 50 most innovative economies – S.A fails to make the cut.
APRIL 26th is World IP Day. But what does it mean for South Africa? And where are we in the global rankings when it comes to innovation and intellectual property? The Bloomberg 2017 Innovation list has recently been released which ranks the world’s top fifty economies. There were seven factors in total that determined these…
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South Africa’s maize output seen rising 87 percent higher in 2017
South Africa will likely harvest 14.54 million tonnes of maize in 2017, up 87 percent from last year after favourable weather conditions lifted yields, the government’s Crop Estimates Committee (CEC) said on Tuesday. The third production forecast for the season, which is higher than market expectations of 14.175 million tonnes, will be the largest yield…
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Kenya:Ratings agency Fitch in fresh debt warning
Failure to cut the budget deficit and stabilise debt level will be a negative for Kenya’s credit profile, global rating agency Fitch Ratings has warned. The firm on Friday said effective implementation of a fiscal consolidation plan and stabilisation of debt-to -GDP ratio will lead to a positive rating. “The impact on Kenya’s sovereign credit…
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Kenya:Qatar to launch Mombasa flights
Qatar Airways has announced that it will launch direct flights between Mombasa and Doha next year, stepping up domestic competition for national carrier Kenya Airways. The Middle East carrier, which already operates daily flights to Nairobi’s Jomo Kenyatta International Airport (JKIA), says Mombasa is among the 12 new destinations it will launch in 2018. The…
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Zimbabwe:IMF says bond note cannot solve economic problems
Zimbabwe’s “bond note” surrogate currency will not solve its economic problems, the International Monetary Fund said, adding that only comprehensive reforms would address a fiscal crisis. The southern African nation last year introduced bond notes, which officially trade at par with the U.S. dollar and are backed by a $200 million bond from the African…
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Kenya:Ratings agency Fitch in fresh debt warning
Failure to cut the budget deficit and stabilise debt level will be a negative for Kenya’s credit profile, global ratings agency Fitch Ratings has warned. The firm on Friday said effective implementation of a fiscal consolidation plan and stabilisation of debt-to -GDP ratio will lead to a positive rating. “The impact on Kenya’s sovereign credit…
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SA is heading for a crisis worse than junk status if President Zuma delays signing the FICA Bill, this is why
A global group that monitors money laundering worldwide has expressed concern that a bill to fight the crime in South Africa faces “significant ongoing delays” and warned the country’s banks risked being exposed to illicit money flows that could hurt investor sentiment. David Lewis, executive secretary at the Paris-based Financial Action Task Force (FATF), said…
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Kenya’s gold loses its lustre as earnings slide
Kenya’s ambition of being a major player in the gold market is fading after earnings from the precious metal sank to new lows. Kenya produced 200 kilogrammes of gold worth Sh652.5 million last year, a tiny amount for a commodity the country hoped would drive mineral earnings and cut dependence on agriculture. Weaker gold prices and…
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Nigerian stocks rise 2.37 pct on new Cenbank forex window
Nigerian stocks rose by more than two percent on Monday after the central bank introduced a new policy to allow foreign investors to engage in foreign exchange trading at rates the buyers and sellers set. The market all share index rose in early trade by 2.37 percent, lifted by Dangote Cement, which accounts for a…