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    Fernando Bucheli, Ambassador of the Republic of Ecuador, met Chief Secretary.GoK

    FCA bans former Credit Suisse vice president following US criminal conviction

    “By uniting our talent and expertise, we can drive progress toward a more climate-resilient and healthier future.” -Dr M.C. Sudhakar,  Minister for Higher Education, GoK.

    World Health Assembly adopts historic Pandemic Agreement to make the world more equitable and safer from future pandemics

    Philips Future Health Index 2025: AI poised to transform global healthcare, urging leaders to act now

    WHO warns of slowing global health gains in new statistics report

  • National
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    India to the International Grid: UMA Bootcamp 2025 Opens Applications for Global Track Training

    Governor Thaawarchand Gehlot Inaugurates ‘Centre for Future Skills’ at Karnataka State Open University

    Governor Presents “Atithya Rathna” and “Udyama Rathna” Awards at Karnataka State Hotels Association’s 70th Anniversary Celebration

    Students aspiring to pursue education in the academic year 2025–26 are encouraged to enroll in BBMP schools/colleges and make the best use of the facilities provided by BBMP: Suralkar Vikas Kishor

    Scientific leaders honored by 3M and Discovery Education

    UMA Bootcamp 2025 Opens Applications for India’s Brightest Motorsport Engineers

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    Cambridge announces results of its largest ever March series held in India

    Blue Dart Express Limited Clocks ₹ 5,720 Cr Revenue for FY25, Maintains Steady Q4 Momentum

    Reliance General Insurance delivers PAT up YoY by 12.5% at INR 315 cr, Gross Direct Premium of ₹12,548 crore – up 7.4% YoY, outpacing industry growth of 5.2%

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    DKMS Foundation India Honours Stem Cell Donors Who Gave Blood Cancer Patients a Second Chance at Life

    Bisleri Excites Consumers with “Mission Impossible – The Final Reckoning” Limited Edition Pack

    Philips Future Health Index 2025: AI poised to transform global healthcare, urging leaders to act now

    GSK TO ACQUIRE EFIMOSFERMIN.

    Safer walking and cycling crucial for road safety and better health

    Health inequities are shortening lives by decades

  • Technology
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    • Environment
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    Inaugural program of “Vidhan Soudha Guided Walking Tour” on May 25.

    LTIMindtree Signs MoU with IIM Mumbai to Launch Postgraduate Program for Executives in AI-led Experience Design

    “By uniting our talent and expertise, we can drive progress toward a more climate-resilient and healthier future.” -Dr M.C. Sudhakar,  Minister for Higher Education, GoK.

    The team from Sri Ramakrishna Engineering College, Coimbatore, received the 'Winner' award from Prof. (Dr.) T. G. Sitharam, Chairman of AICTE, and Mr. Abhishek Sinha, Executive Director & President - Medical, Smart World & Functions, L&T Technology Services.

    8th Edition of TECHgium® Showcases Engineering Excellence and Bold Innovations

    Union Minister Shri Ashwini Vaishnaw Unveils India’s First 3nm Chip Design Centres in Noida and Bengaluru

    “Modern warfare is entirely technology driven and India’s supremacy stands proven over the last four days”, says Dr Jitendra Singh

  • Auto
    Mr. Khaled Mahmoud, CEO, MM Group for Industry and International Trade along with Mr. Asif Shamim, Head, International Business, Tata Motors Commercial Vehicles at the launch of Tata Motors’ commercial vehicles range in Egypt

    Tata Motors advances Egypt’s Mobility Landscape; Launches Wide Range of Commercial Vehicles in Partnership with MTI

    Volvo Cars and Google expand partnership with Gemini integration and accelerated automotive innovation

    Honda Motorcycle & Scooter India Launches All-New “X-ADV”

    All-New RAV4 World Premiere

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    BCCI announces fixtures for Australia Women’s, Australia Men’s A and South Africa Men’s A team tours of India

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    Team India (Senior Women) squads for the England tour announced

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    ‘Waves’ an OTT platform that offers clean family-friendly content: Sunil Bhatiya, Deputy Director General, Doordarshan Kendra, Panaji

    Sri Sai Gold Palace’s 7th store inaugurated in Malleshwaram,Bengaluru.

    Lulu Mall Hosts Bangalore’s Biggest Non-Alcoholic Holi Celebration

    Karmic Beauty’: Pure by Nature, Potent by Ingredients

    An Iconic Culinary Affair: Le Cirque Arrives at The Leela Hyderabad

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    FOR THE FIRST TIME, A THREE-DAY ORGANIC MANGO AND JACKFRUIT FAIR IS BEING ORGANIZED AT LALBAGH – DIRECTOR RAMESH

    Bisleri Excites Consumers with “Mission Impossible – The Final Reckoning” Limited Edition Pack

    Philips Future Health Index 2025: AI poised to transform global healthcare, urging leaders to act now

    GSK TO ACQUIRE EFIMOSFERMIN.

    No Limits, No Rules: Tata CLiQ Fashion, Tata CLiQ Luxury, and Tata CLiQ Palette announce The Big CLiQ Sale

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COVID-19 Dampens Kenya’s Economic Outlook as Government Scales up Safety Net Measures

FWM by FWM
April 30, 2020
in National
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NAIROBI, April 29, 2019 — Kenya’s gross domestic product (GDP) is projected to decelerate substantially in 2020 due to the negative impact of the COVID-19 (coronavirus) pandemic. Economic growth projection remains highly uncertain and the outcome will hinge on how the pandemic plays out internationally and within Kenya, along with policy actions taken to mitigate the situation. The latest World Bank Kenya Economic Update (KEU) predicts growth of 1.5 percent in 2020 in the baseline scenario, with a potential downside scenario of a contraction to 1.0 percent, if COVID-19 related disruptions in economic activity last longer.

The government’s immediate action has focused on strengthening the health system which faces an extraordinary challenge to contain the spread of COVID-19 and care for the infected. Further health policy measures such as working from home, travel restrictions, the closure of schools, the suspension of public gatherings, and a nightly curfew, are necessary to delay the spread while the country ramps-up investment in its healthcare systems. Nonetheless, they are also quite costly to the economy by reducing social interaction, production and demand across all sectors.

“We recognize that Kenya must balance between reducing the spread of the virus and cushioning Kenyans particularly informal workers and youth who make up 70 percent of the population from the adverse economic effects posed by COVID-19,” said Felipe Jaramillo, World Bank Country Director for Kenya. “In partnership with other development partners, we are supporting the Government of Kenya through financing and technical advice to strengthen its health systems capacity to contain the spread COVID-19.”

The hardship from the crisis would disproportionately befall the poorest and the most vulnerable households in Kenya. Many of these depend on farming (for the rural), self-employment and informal wage (for the urban). Protecting their earnings and reaching households through cash transfers is considerably more challenging due to a nascent system of social safety nets, lack of proper physical address system, and updated welfare registers. It is critical, therefore, for the country to scale up available social assistance programs to provide poor households with food, water, and other basic supplies to cope with the crisis. It is also important, to customize COVID-19 spread containment measures to reflect local context and peculiar constraints faced by government such as limited fiscal space, and much less operational capacity to respond to help households and firms weather the crisis.

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“Supporting small businesses and protecting jobs to cope with the negative effects of COVID-19 crisis is particularly critical at this time,” said Peter W Chacha, World Bank Senior Economist and Lead Author of the report. “This could be done by ensuring that vulnerable households have cash-on-hand, workers continue to receive salaries – even when temporarily laid-off-and that firms have enough cashflow (to pay workers and suppliers) and avoid bankruptcies.”

Kenya’s medium-term growth is projected to rebound fast (to about 5.6 percent over the medium term), on assumption that investor confidence will be restored soon after the COVID-19 pandemic is contained. The greatest uncertainty to this outlook, however, is the extent of the impact of COVID-19 global pandemic on Kenya. Unanticipated large-scale community transmission of COVID-19 could disrupt domestic economic activity more severely and reduce growth below the baseline. Residual risks include potential for drought and a second-round of locust invasion in mid-2020, which could reduce agricultural output and hurt rural incomes.

The report’s policy section focuses on options to strengthen healthcare system and testing capacity, to support firms, and to protect the most vulnerable households to cope with the COVID-19 global pandemic.

Tags: COVID-19 (coronavirus) pandemic.
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