Significant Figures: Debt Statistics And Internet Growth

Significant figures is a synopsis of important numbers and statistics hidden in the week’s news. 8.0 Demand for electricity in Kenya is growing at about 8% per year until 2020, and will rise to 9% in 2021, after which it will stabilise at 7%, according to the government’s transmission and generation plan. State-run Kenya Electricity ...
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IMF: Kenya’s Standby Credit In Place But Inaccessible

Kenya’s $1.5 billion standby credit facility remains in place until the end of March 2018, but the country cannot access it because conditions have not been met, the International Monetary Fund said on Wednesday, clarifying comments given a day earlier. “The precautionary… arrangement remains in place until end-March 2018,” the IMF said in a statement. ...
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Government Borrowing To Exceed Initial Estimates By 75 Percent

The government of Uganda announced that its domestic borrowing would be around 75% higher than budgeted this year to cover wages and infrastructure projects after huge shortfalls in projected tax collections. In his budget speech in June, Finance Minister Matia Kasaija said the government would borrow UGX 954 billion ($263 million) in the financial year ...
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Cytonn’s Lessons for the Kenyan Retail Sector

According to the Kenya National Bureau of Statistics (KNBS), wholesale and retail trade is the 5th largest contributor to Kenya’s GDP and the 3rd largest contributor to private sector employment. In 2016, wholesale and retail trade employed 238,500 Kenyans and accounted for 8.4% of Kenya’s GDP. Moreover, according to Nielsen, a leading global information and measurement company, ...
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