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Country risk, from the local press

Kenya · Country watch

El Niño Preparations, AfDB Trade Deal

Kenya activates El Niño response; AfDB supports trade finance with Family Bank.

· · 7 sources

The picture Deteriorating

Business conditions in Kenya are deteriorating due to the activation of El Niño response plans, which may disrupt logistics and agriculture. Meanwhile, new trade finance from AfDB supports SMEs, but potential changes in social protection schemes could affect employers and workers.

In this briefing Federation of Kenya Employers · Government of Kenya · National Disaster Management Authority · African Development Bank · Family Bank

Regulation

  • public-sector

Employers demand changes to social protection schemes

a man sitting at a desk wearing a face mask
Oscar Omondi / Unsplash

Kenyan employers are calling for significant changes to the country's social protection schemes, according to Kenyans. The demands focus on altering how workers access and contribute to these schemes, potentially affecting millions of employees. The proposed changes aim to make the schemes more efficient and sustainable, addressing concerns about the current system's effectiveness. Employers are urging the government to consider their proposals to improve social protection for workers across various sectors.

Impact Employers and millions of workers face potential changes in social protection contributions and access.

Sources: Kenyans ↗

Disruption

Nothing significant reported today.

Internal tension

Nothing significant reported today.

Safety & health

  • public-sector
  • agriculture
  • logistics

Kenya activates national response for El Niño rains

The Kenyan government has activated a national response plan ahead of the anticipated El Niño rains. According to KBC, designated evacuation and displacement centres have been set up, and relief food stocks are ready for distribution in 10 priority counties. The government aims to mitigate the impact of the heavy rains, which are expected to affect infrastructure, agriculture, and public safety. The response plan includes measures to prevent flooding and ensure the safety of residents in vulnerable areas.

Impact Farmers, logistics companies, and public authorities prepare for potential disruptions from El Niño rains.

Sources: KBC ↗

Companies

  • finance

AfDB and Family Bank sign Sh1.297b trade finance deal

The African Development Bank (AfDB) and Family Bank have signed a Sh1.297 billion trade finance facility to support Kenyan businesses. Standard Media reports that the agreement aims to expand access to foreign currency and financing, particularly for small and medium enterprises (SMEs) in Kenya. This facility is expected to enhance trade operations and provide liquidity to businesses facing foreign exchange challenges. The deal underscores AfDB's commitment to boosting trade and economic growth in Kenya.

Impact SMEs in Kenya gain improved access to foreign currency and trade financing.

Sources: Standard Media ↗

Markets

Nothing significant reported today.

Trade

Nothing significant reported today.

Politics

Nothing significant reported today.

Also today in Kenya

Sources in this briefing

Sources: each headline links to the original article on the publisher's site.

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