Utilities 

Improving the resilience of water and sanitation services in Kenya by partnering with the private sector

The COVID-19 outbreak led to an increased demand for safe water due to frequent handwashing and people staying at home. But water and sanitation micro, small, and medium enterprises (MSMEs) are struggling to survive, as they face revenue loss and increased costs to cater for the higher demand. This situation puts access to safe water for 48-million Kenyans served by utilities and private MSMEs in peri urban and rural areas at risk. Our survey of a group of Kenyan water and sanitation enterprises in April 2020 revealed that these MSMEs…

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Covid19 South America 

Colombia plans to step up public spending to overcome COVID-19 crisis

Colombia’s congress is studying the government’s 2021 budget proposal, which seeks to step up public spending to push the economic recovery of the COVID-19 crisis. According to Finance Minister Alberto Carrasquilla, he wants to increase the government budget by 13.4% to 314 trillion pesos ($84.3 billion) by dramatically increasing the country’s debt. Carrasquilla wants to finance the increased budget with a 41% increase in public debt that would go from COP53.6 trillion ($14.4 billion) this year to COP75.8 trillion ($20.4 billion) in 2021. With oil revenue in a state of…

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Financial Services 

Nigerian Lawmakers Uncover Clause In Loan Deal Conceding Nigeria’s Sovereignty To China

Members of Nigeria’s House of Representatives have uncovered clauses in a loan collected by the Nigerian Government from China that concedes the country’s sovereignty to the Asian country. Chairman of the House Committee on Treaties, Protocol and Agreements, Ossai Nicholas Ossai, raised the alarm while probing loans received by the government. The committee noted that the clauses in Article 8(1) of the commercial loan agreement signed between Nigeria and Export-Import Bank of China allegedly concedes sovereignty of Nigeria to China in the $400m loan for the Nigeria National Information and…

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Africa Healthcare Retail 

Kenya-based credit data marketplace CARMA indications agreement for preliminary rollout in Zambia

Kenya-based credit information marketplace CARMA, which provides loaning companies with access to real-time credit information on a peer-to-peer basis through a pay-as-you-go service, has signed an arrangement for an initial launch in Zambia ahead of a full continental rollout. Describes itself as the world’s first credit data market, dealing with the space in markets underserved by credit bureaus by offering lending companies with access to important information to facilitate loaning. Though headquartered in Nairobi, the startup’s initial launch will occur in Zambia, where it has actually signed a contract with…

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Ariston Comfort Obstacle: Hot water heater market leader brings international project to Nigeria

Ariston, the leading and the most worldwide brand in the Ariston Thermo Group, has premiered its international project ‘The Ariston Comfort Difficulty’ in Nigeria, which highlights its worldwide mission of bringing sustainable comfort, even where it seems difficult to discover. The Ariston Convenience Difficulty concentrates on ensuring thermal comfort could reach throughout the world. Through this mission, Ariston has donated a warm shelter to a group of scientists from the University of Copenhagen involved in climate change research studies in the remote and icy Island of Disko, in Greenland (Arctic).…

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