Our guide to the issues likely to impact businesses and the key measures taken by African governments in response to COVID-19.
Kenyans have been in a state of panic since the outbreak of the novel coronavirus. From a projects perspective, contractors have been a particularly worried lot, seeing as the pandemic has affected supply chains and their ability to meet their contractual obligations.
In the wake of the spread of the COVID-19 global pandemic, the real estate and loan markets in Kenya are bound to be affected. On 16 March 2020, H.E. Uhuru Kenyatta, the President of Kenya revealed that three (and now 25) patients had tested positive for the virus culminating in presidential directives towards preventing its spread to the rest of the population
In its 2019 ‘Africa Energy Outlook’, the International Energy Agency projects that Africa’s urban population will increase by more than half a billion people by 2040.
The Kenya Transport and Logistics Network (KTLN) was recently established by the President, through an Executive Order. KTLN is meant to enhance efficiency and coordination in the transport sector through fortifying public private dialogue and leveraging on the efficiencies and synergies of the relevant state agencies. It is hoped that through KTLN, the country will be able to achieve its strategic agenda of becoming a regional logistics hub.
As the COVID-19 daily statistics continue to point in the direction of a flattening curve in Kenya, it might not be idle to ask if anything good could possibly have come out of this pandemic.
At the dawn of the COVID-19 pandemic, government agencies around the world came under pressure to deliver essential goods - particularly those required for health services, in greater quantities and within a shorter timeframe than would have been expected under normal circumstances. To compound matters, procurement supply chains were adversely affected by lockdowns and closure of borders, making it even more difficult to procure the much-needed goods and services.