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Economics

Ksh. 1.2 Billion Bamboo factory to boost Economy in Kenya

Peter Kenda

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Kenya Water Towers Agency Director Eng. David Chepkwony. Photo Peter Kipkoech

 

Kenya Water Towers Agency to invest Ksh. 1.2 billion in a bamboo factory in Kenya as demand for bamboo products hike.

The factory will be set in the former Kaptagat Livestock Holding Ground in Keiyo South Sub County, Elgeyo Marakwet County Kenya.

Elgeyo Marakwet county government will partner with the Kenya water towers agency to establish the distinctive economic activity in the next two months or so.

Eng. David Chepkwony who is also the director of the agency says that the project will help to settle disagreements arising from the competition between the human beings and the natural resources following the rapidly growing human population and needs.

Eng. Chepkwony says that there is the need for the Kenyan government to create an environment that will facilitate the natural demands of its citizens through mutual relationships between the human being and the environment.

“We need firewood and many other things. It is important for us to partner with the locals to help take part in this initiative that will result in a win-win situation. At the end of the day, the environment will be conserved and as well the locals will get their natural needs like firewood among others,” He said.

He added that punishing the human being over intrusion to an environment seeking for a natural needs like the firewood or timber will not help Kenya as the population and its demands experience consistent growth.

Meanwhile, the host county government led by governor Alex Tolgos has expressed the good political will to blossom the initiative that will be of significance to the economic development in the whole country.

 

Peter Kenda

Peter Kipkoech Kenda is an all-around professional in Kenya with a
long-term focus on journalism. He thinks in terms of results and
objectives; all with an insatiable hunger for excellence. Peter is a
proactive professional who always looks for positive ways to inspire and
engage with his superiors, sources, and audience.

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Drinks

Coca Cola’s now serving Alcohol beverages

Mark Harris

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Tokyo residents purchase soft drinks from a Coca-Cola vending machine in Tokyo Thursday, June 26, 2003. The world’s largest soft-drink maker inflated its fountain revenue in Japan, said a fired executive whose earlier lawsuit led the company to disclose that employees rigged a marketing test. Photographer: Tatsuyuki Tayama/Bloomberg News

Coca-Cola is going to create a flag ship drink with a slight mix which it intends to add alcohol to, its a first in the companies 132-year-history, with plans to dispatch the alcohol infused sodas in Japan.

The organization, celebrated for its red mark and mystery Coca-Cola formula, wants to gain by the expansion in prominence in Japan of Chu-Hi alcopops.

The world’s largest soda pops organization said it would begin making a variant of “Chu-Hi” – canned shimmering enhanced beverages that incorporate a nearby flavor called shochu which is a Japanese distilled beverage containing less than 45% alcohol by volume. It is typically distilled from rice, barley.

Offers of the drink, which runs in liquor content from 3-8%, have surged in the course of recent years and it is especially well commonly drank among female consumers.

Jorge Garduño, Coca-Cola’s Japan president, stated: “We haven’t tested in the low-liquor classification previously, however it’s a case of how we keep on exploring openings outside our center territories.”

Garduño said Coca-Cola would presumably offer its mixed beverages just in Japan, as a result of the “interesting and unique characteristics” of the household advertise.

Offers of fizzy beverages are in decrease worldwide as youngsters turn out to be more wellbeing cognizant, eliminating sugar utilization. Coca-Cola has fanned out into water, espresso and tea to plug the business shortage.

Coca-Cola also has no plans to change its sugar-loaded formula for its top selling beverages. It has said “individuals adore the taste … and have let us know not to change”. The gathering will utilize littler containers and offer a higher costs to balance the effect of the sodas impose.

The organization is also pitching three new beverages, ice tea drink Fuzetea, prepared to-drink icy espresso Honest Coffee, and a without dairy smoothies mark AdeZ.

Howard Telford, head of soda pops at Euromonitor International, a statistical surveying firm, stated: “This is a flight for Coca-Cola, however I think this mirrors the way that changing customer tastes are pushing the organization into less commonplace zones like premium dairy, espresso, tea and now low-liquor enhanced beverages.

“While I don’t think this speaks to a worldwide move in organization technique, I do figure we can expect Coca-Cola and its rivals to keep searching for new openings.”

As per Euromonitor, worldwide utilization of fizzy cola drinks fell 3.1% in the vicinity of 2012 and 2017, with twofold digit decreases in the US and Brazil. Coca-Cola controls 56.5% of the worldwide market.

He stated: “The Chu-Hi class is discovered solely in Japan. All inclusive, it’s normal for non-mixed refreshments to be sold in an indistinguishable framework from mixed drinks. It bodes well to try this out in our market.”

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Africa

Distributing wealth in Kenya & giving out enough money to escape poverty for a decade

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Nonprofit organization GiveDirectly is financing studies via mobile transfers directly to poor remote villages ever since 2008.

This past Monday they announced that they were officially launching the largest universal basic income (UBI) experiment ever recorded.

Beginning November 13th, 40 villages with an approximate 6,000 people will receive about $22.50 per month, no catch, for 1 year. While , 80 other villages will be given relatively the same for two years, whilst the 80 villages will be given a a single payment equal to the two-year amount, while a 100 villages will not be given any money at all.

The study will produce some of the most comprehensive data yet about what happens when people are given money for nothing. It’ll help answer questions such as: Do people stop working? Do they start businesses? Are they more likely to spend money on drugs and alcohol — or education?

The study will also collect community-wide data to learn if the added financial security reduces negative aspects of poverty like violence and theft.

Bulbul is a low-income area near Nairobi, view is from the dwelling (the third plot) to the street. Photo taken by: SuSanA Secretariat/Flickr

Basic income is a very new concept that researchers have yet to collect data on to analysis such system in the developed world. Other study’s have sprang up to address that gap.

Drone photography captures the dramatic inequality of Nairobi

 

“The past 19 months since we announced our plans to test UBI have been remarkable,” Joe Huston CFO of the nonprofit NGO GiveDirectly wrote on the organization’s blog. “The debate over basic income continues to rage, from skeptics who call it ‘a senseless act of preemptive self-sabotage’ to optimists calling it ‘to the 21st century what civil and political rights were to the 20th.’”

Else ware in California, a startup know as Y Combinator recently finished studies in where several people received $1,000 to $2,000 a month. Y Combinator is preparing to launch larger scale trials across two other states in the us sometime in 2018. The study will bring new light into wealth and how different people in different circumstances manage it.

 

Joe Huston ended off by saying.

“Now it’s time for us to do our jobs, and wait to learn,” Huston wrote. “We expect to get the first round of results in within the next year or two, and then more than a decade of learning to follow as we track these communities.”

Author at Africa Classifieds

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Business

Why GDP is one percent off the Target-CS Treasury

Peter Kenda

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Henry Rotich-CS Treasury speaking to press at a function in Kerio Valley Kenya. Photo Peter Kipkoech

The Kenyan Gross Domestic Product (GDP) is one percent away from the bull, says Treasury Cabinet secretary Henry Rotich.

The Treasury boss is now attributing the loss to the high expenditure in the electioneering which strained businesses in the country.

The ministry targeted six percent growth in the economy but ended up growing by five percent. This is as per the latest figures released by the treasury.

Speaking to Africa Classifieds, Rotich condemned decreased revenue collection amid high demands for the resources to fund the presidential repeat polls.

“This prolonged electioneering has already reduced the growth of the Kenya’s Gross Domestic Product by one percent,” CS Rotich confirmed.

The Cabinet Secretary added that the shortage has in a way made the implementation of the 2017-2018 fiscal year’s budget difficult.

Rotich expressed the strain by the ministry to come up with the supplementary budget which has been already concluded.

The Ministry of Finance, the CS says that it will continue with the expurgated expenditure till the emerging challenges are stabilized.

“As you know I have just concluded the budget for the supplementary budget, we have tightened our belts, we have cut the expenditures drastically to deal with the emerging challenges and we will continue with that until the situation fully restored,” CS Rotich said.

Peter Kenda

Peter Kipkoech Kenda is an all-around professional in Kenya with a
long-term focus on journalism. He thinks in terms of results and
objectives; all with an insatiable hunger for excellence. Peter is a
proactive professional who always looks for positive ways to inspire and
engage with his superiors, sources, and audience.

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