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Orsolya SorcerEconomist at Eesti PankEstonia's economy has been in recession for a year and a half, but the labor market has so far fared better than expected and better than the experience of past economic crises would suggest. While employment numbers in manufacturing and construction have been declining for some time, the service sector is helping to keep overall employment high. Although the economy is expected to start recovering soon, the recovery is not expected to be as rapid, and finding a job could become more difficult if labor costs continue to rise rapidly.Employment peaked in the second half of…
The Isiolo County Government and the Kenya Defense Forces have agreed to settle a long-running land dispute between local residents and the School of Infantry (SOI).Wednesday's high-level meeting, which brought together elected leaders, religious leaders, opinion leaders, and KDF executives, revealed apathy.It was agreed that the land dispute would be resolved. within 10 days. Defense Minister Aden Duare stressed that the Kenyan government, through the Ministry of Defence, is committed to safeguarding the lives of all Kenyans, while at the same time protecting and defending the country's sovereignty and territorial integrity.“We have a solution that could ultimately lead to an…
Wednesday, November 1, 2023 04:50 by | Bandit with a gun.Photo/Print At least 3,000 residents demonstrated at Lusuk Trading Center in Samburu West sub-county, protesting the deteriorating security situation following the killing of three herders in a bandit attack.Enraged villagers, including women, children and elderly members of the community, demanded action from the central government after heavily armed assailants seriously injured at least six other herders during the attack. .Preliminary reports of the incident said the bull drive suspects also removed an unknown number of livestock as the injured were fighting for their lives at Maralal Hospital. The residents, led…
Despite competing in beauty pageants and auditioning for acting roles in movies while earning a degree in communications and community development from Daystar University, Josephine Naisula Lesouda's passion for broadcast journalism remained. It was unwavering. After graduating in 2007, she literally camped outside the gates of the Kenya Broadcasting Corporation (KBC) in Nairobi for about two months, hoping to catch the eye of high-ranking officials who might offer her an internship. I put it on. “When I was young, I admired top journalists like the late Catherine Casabri. They were sharp and smart, and I wanted to be like them.…
A family in Machakos County is demanding answers after they took their child to the hospital for treatment due to swelling on his left hand, but ended up in the intensive care unit (ICU). The child's father, Nicholas Kitney, said the 6-year-old boy was taken to the hospital last week for what appeared to be a simple treatment for swelling on his son's left hand. However, after consulting with doctors, the family was told that the child would need to be hospitalized and undergo surgery. Things took a turn for the worse after this, Kitney said, when an operation failed,…
Fintech based in Luxembourg mango pay The company announced on Wednesday (1 November) that it has been granted an electronic money institution (EMI) license by the UK Financial Conduct Authority (FCA). blog post. The license will enable the business-to-business (B2B) payments infrastructure provider, which supports more than 2,500 platforms and marketplaces around the world, to bring its suite of services to the UK, including issuing electronic money, facilitating digital payments and providing a range of services. We will be able to provide it to companies based in our company. of other payment solutions. Commenting on the news, Mangopay CEO Romain…
Siaya, Kakamega and Kisumu have witnessed some of the strangest attacks and killings, sparking a wave of security in parts of western Kenya. Criminal gangs have used guns, machetes, knives, and other crude weapons to terrorize the population, kill and seriously injure victims. In Siaya, villagers in Hono, Alego Usonga region are living in fear after three people were hacked to death by an attacking gang. In Kakamega, Butele, Lugari and Kwaisero are the worst affected, with three gangs named 42 Brothers, 22 Sisters and Paka Mangaa wreaking havoc. Kisumu has seen an increase in carjackings, robberies and shootings, with…
Wednesday, November 1, 2023 2:46 p.m. Jerome Powell Fed Chairman New statistics released today suggest that the U.S. labor market remains resilient despite aggressive monetary tightening by the Federal Reserve. According to the Bureau of Labor Statistics' JOLTS survey, the number of job openings at the end of September was 9.6 million, little changed from the previous month and higher than the market consensus of about 9.2 million. Job openings in the accommodation and food services sector have grown particularly rapidly, with 141,000 jobs available. The number of new jobs for the economy as a whole was little changed at…
Banks have been instructed to implement a series of measures “as soon as practicable” and in any case no later than March 31, 2024. subscribe Registering with Regulation Asia gives you access to Asia Pacific's leading platform for financial regulation news, analysis, research and verified data.select subscribe View our subscription packages below or send an email to: [email protected] To discuss options. subscribe Request a trial Talk to us today about a trial that gives you and your team unlimited access to Regulation Asia for a limited time.Please email us at [email protected] Banks have been instructed to implement a series of…
The push and pull between Mombasa County and the national government over revenue sharing at Mombasa Port appears to be coming to an agreement after the county was given the green light to start charging ships calling at the port. is. The county has been given permission to charge vessels for waste disposal, which will collect millions of shillings a year for the port city and significantly increase revenue. According to a letter from Kenya Ports Authority (KPA) Managing Director William Ruto, Mombasa County is allowed to collect about Sh300 per 100 gross tonnage, or a minimum of Sh30,000 per…