Why poor Kenyans, elderly miss out on welfare stipends
Summary
The State targets orphans and vulnerable children, older persons and persons with severe disabilities in the cash transfers and Hunger Safety Net Programme.
About Sh5.8 billion of the amount meant for the beneficiaries was not transferred out of Sh25.82 billion recurrent expenditure allocation in the financial year 2019/20.
The expansion of the fund was meant to increase the funds available in the cash transfer programme and cushion the vulnerable in society after the hit of the pandemic in late March.
Thursday August 05 2021
By ELIZABETH KIVUVA
Summary
The State targets orphans and vulnerable children, older persons and persons with severe disabilities in the cash transfers and Hunger Safety Net Programme.
Taxing cooking gas rolls back gains in the energy sector
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Taxpayers still paying for State s 90s money-printing debacle
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Farmers replace property developers as biggest loan defaulters in Covid-19 era
Summary
About 23.67 percent of outstanding Sh109 billion loans advanced to the sector were not being serviced as of the end of March compared to 16.03 percent a year earlier, making it the sector with the highest non-performing loans (NPL) ratio.
Agriculture’s NPL ratio marginally zoomed past building and construction (23.52 percent) and trade (19.14 percent) sectors, latest Central Bank of Kenya industry statistics shows.
Analysts attribute the elevated defaults on loan repayments in agriculture to depressed demand from sectors such as hospitality, which was hardest hit by the restrictions and shutdowns imposed to stem the spread of the pandemic.
State adamant to licence donkey slaughterhouses despite ruling
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