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Kenya coronavirus cases rise to 81 as 22 test positive

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Kenya coronavirus cases rise to 81 as 22 test positive

Health Cabinet Secretary Mutahi Kagwe during
Health Cabinet Secretary Mutahi Kagwe during the daily briefing on coronavirus at Afya House on April 1, 2020. He announced 22 persons have tested positive. PHOTO | DENNIS ONSONGO | NMG  

Kenya has confirmed a total of 81 coronavirus cases, after 22 people tested positive representing a record jump in a single day.

Health Cabinet Secretary Mutahi Kagwe said on Wednesday that of the new cases, 21 individuals have been under government compulsory quarantine after arrival through the airport.

The patients are two Pakistanis, 18 Kenyans and two Cameroonians, out of which one person is hospitalised in Mombasa.

Over the last 24 hours, government has tested over 300 persons, marking the largest number tested amid shortage in testing equipment.

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Earlier on Wednesday, the State announced the recovery of two patients who were receiving treatment at the Mbagathi District Hospital isolation centre.

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Among them is patient zero, Brenda Cherotich and Brian, who had been infected by the former.

“This is good news as the recovery has been confirmed after two tests done over a period of time,” Mr Kagwe said.

The CS said contact tracing is ongoing through a multi-agency team that includes the ministry of Transport and police.

“We are tracing thousands of them now. The ministry of Health does not enough persons and are accompanying other ministries to trace contacts,” Mr Kagwe said, adding that people who have recently travelled or “not feeling well” to call for testing.

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Global Markets Review – Kenyan Wallstreet

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US stocks on Thursday closed lower over renewed investor concerns on covid19 second wave impact on the economy. A number of US states have now reported a record rise in virus hospitalizations as well as deaths.

Meanwhile, the number of initial jobless claims for the week ending July 4 fell by 99,000 to land at 1,314,000, the US Department of Labor announced on Thursday. The four-week moving average decreased by 636,500 to 19,085,500, the report noted.

According to Bloomberg, Washington is said to be preparing retaliatory measures against France over its digital tax measures. This comes after Trump’s Government pulled out of talks on the implementation of a global digital taxation system in June with European countries. The US says it will implement measures against the countries if they implement their digital own taxes.

Tesla

Shares of carmaker Tesla have continued to rise to all-time highs over the last two weeks hitting over $1,400 on Wednesday’s session. CEO Elon Musk will soon get the first paycheck of his $56 billion payout package after the firm’s six-month average market capitalization reached a record of $138 billion according to CNBC.

Tesla CEO Elon Musk says the company is “very close” to developing a level five autonomous driving technology that is expected to enable car navigation without a driver present in a vehicle. In a speech at the World Artificial Intelligence Conference (WAIC) hosted by Shanghai, Musk noted he believes that basic options for the technology will be finished by the end of the year.

READ; Tesla Beats Toyota to Become World’s Most Valuable Automaker

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On Wednesday, Berkshire Hathaway CEO Warren Buffett announced he has donated $2.9 billion to philanthropic causes since the start of 2020, bringing his total philanthropic donations to over $37 billion since 2006. According to CNBC, Warren donated the funds in form of Berkshire’s class B shares to five foundations which is in line with his commitment to giving away at least 99% of his wealth before he passes away.

The five foundations Warren Buffett donates to annually are the Bill and Melinda Gates Foundation, the Susan Thompson Buffett Foundation, the Howard G. Buffett Foundation, the Sherwood Foundation and the NoVo Foundation.

Trade Global CFDs via FXPesa

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M-PESA Foundation Partners with KMPDU to distribute PPEs

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NAIROBI, Kenya, Jul 10 – Over 3,000 healthcare workers will receive personal protective equipment courtesy of the M-PESA Foundation. 

In a statement, the Foundation says it will work with local manufacturers to procure the PPEs, with Kenya Medical Practitioners, Pharmacists and Dentists Union (KMPDU) tasked with distributing them at an estimated cost of  Sh20 million.

John Ohaga, a trustee an the MPesa Foundation says healthcare workers in 7 Counties will receive the PPEs which include surgical masks, N95 masks, hand sanitisers, gowns, hazmat suits and face shields.  

“Never has there been a more appropriate time to focus on health workers. Rarely have they faced such danger on such a massive scale. We have an obligation to keep frontline health workers safe, including making sure they have the personal protective equipment they need, and we are doing our part as M-PESA Foundation to support them,” said Ohaga.

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The 7 counties that will receive the PPEs include Kwale, Machakos, Nairobi, Kilifi, Migori, Kiambu and Busia.

In the last two months, Safaricom’s other philanthropy arm SafaricomFoundation, has donated PPEs to healthcare workers in Meru, Kajiado, Baringo, Uasin Gishu and Mombasa counties.

 In addition, residents of Kibera, Mathare, Kawangware and Korogocho have also benefited from Safaricom Foundation water funded projects while several Counties have also received handwashing soap.

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Rolls Royce Receives £2bn Loan Amid Shocks in Aviation

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Aero-engine company Rolls Royce has received a £2 billion loan from a syndicate of banks, including JP Morgan, that will boost its liquidity to 8.1 billion pounds. The loan, which the UK Export Finance Agency has an 80% guarantee, will help the company stay afloat after engine hours fell in the first and second quarters.

Global travel restrictions dropped wide-body engine flying hours by 50% in the first quarter, and 75% in the second quarter. Rolls Royce chief Executive Warren expects the full-year decline to hit 55%. Further, Financial Times reports that the company’s long haul market might take longer to recover than other makers like Boeing and Airbus.

Rolls Royce Engine Hours to Stay Low

The company expects a reduction in flying hours, which accounts for over half of its civil aerospace business income. As a result, Rolls Royce today announced that it would close out a third of its $37 billion dollar-denominated hedges, attracting cash costs of £1.45 billion over the next seven years. Rolls Royce aims to generate £750m by 2020 by closing currency hedges, expecting lower income from wide-body engines over the next seven years.

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Shocks in civil aviation are forcing the company to reduce its workforce. More than 3,000 workers in Rolls Royce Uk expressed interest in voluntary redundancy. This news comes as the company resizes its dwindling civil aerospace business, to adapt to lower demand in the medium term. In May, the airplane engine maker automaker announced plans to cut its global workforce by 9,000.

READ ALSO: Airbus Deliveries Rise 50% in June 2020

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