Kenya Stimulus Package Covid

His excellency president uhuru kenyatta yesterday announced a stimulus package designed to help the country through the current covid 19 crisis.

Kenya stimulus package covid. The kenyan government has finally given an economic response to the coronavirus covid 19 pandemic. The government instituted a stimulus package in the 2009 2010 financial year when uhuru kenyatta. His announcements included tax economic monetary adjustments and limited social measures to curb the spread of the virus.

More aid for the unemployed the hungry and those facing eviction. Increased funding for vaccinations. There are also industry specific packages such as the 5 million available to the tourism industry and bank fees for money transfers between bank accounts and mobile wallets have been waived.

Kenya plans to spend 53 7 billion shillings 503 million on a stimulus package to support businesses that have been hit by the coronavirus pandemic according to the national treasury. Kenya has predominantly focused on economic stimulus measures thus far cutting the mpc policy rate and reducing cash reserve ratios. The kenya government s economic stimulus.

The tourism finance corporation said despite the government allocating the lion s share of the sh3 billion tourism stimulus package meant for the coast region only a handful of them applied. Additional support for small businesses states and local governments. Nairobi kenya may 23 the government is planning to spend sh10 billion in employing over 200 000 youth to work under the national hygiene programme in measures aimed at cushioning them from the effects of coronavirus.

600 stimulus checks 300 bonus for federal unemployment benefits in new deal.