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Kiamaiko abattoir set to be moved

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Kiamaiko abattoir
The Kiamaiko abattoir in Nairobi. FILE PHOTO | NMG 

Nairobi County’s famous Kiamaiko goat slaughterhouse faces relocation after City MCAs faulted its hygienic condition.

This follows a damning report by the Nairobi Assembly Environment committee that pointed out the fact that the abattoir was located at a densely populated area, saying that the site was making the slaughterhouse unfit as a food handling entity.

The report also faulted the drainage system and the general environment around the abattoir located in Eastlands, especially the drainage system outside the facility which they termed “not all that good”.

“The floors of the abattoir were not in good condition and the general environment around the slaughterhouse was not all that good especially drainage outside the abattoir,” read the report in part tabled and adopted by the Assembly last week.

The committee, chaired by deputy speaker John Kamau, has also called for all slaughterhouses located in estates or densely populated areas to be relocated to ensure good food safety standards to avoid outbreak of diseases, including cholera.

They said that the location of such abattoirs in informal settlements make it difficult to enhance food safety standards, revealing that most slaughterhouses in the county are in deplorable conditions with the county government having limited control over them since they are under private ownership.

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The county legislators blamed existing laws governing management of abattoirs and meat (animal) control, which they said are not in line with the 2010 Constitution and were contributing to the challenges affecting the sub-sector.

“Abattoirs located within densely populated areas or slums should be relocated to other spacious sites to enable proper enforcement of requisite environmental and food safety standards,” added the report, which was prepared after the committee conducted a site visit to Kiamaiko and Neema livestock slaughterhouses between March 27 and May 4 this year.

The ward representatives observed that there was a need for a state-of-the art abattoir owned by the county government to supply meat and meat products affordable to most Nairobi residents, saying that since most abattoirs are private, continuous ownership feuds have affected their operation.

However, the MCAs gave Neema abattoir a clean bill of health, describing it as the ideal slaughterhouse as it has maintained high standards of hygiene and possesses all the facilities required in such a facility.

“The general environment around the abattoir was excellent, drainage system covered and the firm has its own internal disposal mechanism, ensuring that waste solids are adequately segregated for ease and effectiveness of disposal,” said MCA Silas Ongwae while reading the report.

In light of the findings, the committee recommended that the existing abattoirs work hand in hand with other sectors like water and sanitation to maintain a good and healthy environment to avoid outbreak of diseases.

In February, City Hall ordered the closure of all illegal slaughterhouses amid fears that city residents have been consuming uninspected meat.

The agriculture department had stated that that unlicensed abattoirs, especially in Kiamaiko and Burma markets, posed health risks to Nairobi residents.

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World Bank pushes G-20 to extend debt relief to 2021

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World Bank Group President David Malpass has urged the Group of 20 rich countries to extend the time frame of the Debt Service Suspension Initiative(DSSI) through the end of 2021, calling it one of the key factors in strengthening global recovery.

“I urge you to extend the time frame of the DSSI through the end of 2021 and commit to giving the initiative as broad a scope as possible,” said Malpass.

He made these remarks at last week’s virtual G20 Finance Ministers and Central Bank Governors Meeting.

The World Bank Chief said the COVID-19 pandemic has triggered the deepest global recession in decades and what may turn out to be one of the most unequal in terms of impact.

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People in developing countries are particularly hard hit by capital outflows, declines in remittances, the collapse of informal labor markets, and social safety nets that are much less robust than in the advanced economies.

For the poorest countries, poverty is rising rapidly, median incomes are falling and growth is deeply negative.

Debt burdens, already unsustainable for many countries, are rising to crisis levels.

“The situation in developing countries is increasingly desperate. Time is short. We need to take action quickly on debt suspension, debt reduction, debt resolution mechanisms and debt transparency,” said Malpass.

ALSO READ:Global Economy Plunges into Worst Recession – World Bank

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Kenya’s Central Bank Drafts New Laws to Regulate Non-Bank Digital Loans

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The Central Bank of Kenya (CBK) will regulate interest rates charged on mobile loans by digital lending platforms if amendments on the Central bank of Kenya Act pass to law. The amendments will require digital lenders to seek approval from CBK before launching new products or changing interest rates on loans among other charges, just like commercial banks.

“The principal objective of this bill is to amend the Central bank of Kenya Act to regulate the conduct of providers of digital financial products and services,” reads a notice on the bill. “CBK will have an obligation of ensuring that there is fair and non-discriminatory marketplace access to credit.”

According to Business Daily, the legislation will also enable the Central Bank to monitor non-performing loans, capping the limit at not twice the amount of the defaulted loan while protecting consumers from predatory lending by digital loan platforms.

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Tighter Reins on Platforms for Mobile Loans

The legislation will boost efforts to protect customers, building upon a previous gazette notice that blocked lenders from blacklisting non-performing loans below Ksh 1000. The CBK also withdrew submissions of unregulated mobile loan platforms into Credit Reference Bureau. The withdrawal came after complaints of misuse over data in the Credit Information Sharing (CIS) System available for lenders.

Last year, Kenya had over 49 platforms providing mobile loans, taking advantage of regulation gaps to charge obscene rates as high as 150% a year. While most platforms allow borrowers to prepay within a month, creditors still pay the full amount plus interest.

Amendments in the CBK Act will help shield consumers from high-interest rates as well as offer transparency on terms of digital loans.

SEE ALSO: Central Bank Unveils Measures to Tame Unregulated Digital Lenders

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Scope Markets Kenya customers to have instant access to global financial markets

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NAIROBI, Kenya, Jul 20 – Clients trading through the Scope Markets Kenya trading platform will get instant access to global financial markets and wider investment options. 

This follows the launch of a new Scope Markets app, available on both the Google PlayStore and IOS Apple Store.

The Scope Markets app offers clients over 500 investment opportunities across global financial markets.

The Scope Markets app has a brand new user interface that is very user friendly, following feedback from customers.

The application offers real-time quotes; newsfeeds; research facilities, and a chat feature which enables a customer to make direct contact with the Customer Service Team during trading days (Monday to Friday).

The platform also offers an enhanced client interface including catering for those who trade at night.

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The client will get instant access to several asset classes in the global financial markets including; Single Stocks CFDs (US, UK, EU) such as Facebook, Amazon, Apple, Netflix and Google, BP, Carrefour;  Indices (Nasdaq, FTSE UK), Metals (Gold, Silver); Currencies (60+ Pairs), Commodities (Oil, Natural Gas).

The launch is part of Scope Markets Kenya strategy of enriching the customer experience while offering clients access to global trading opportunities.

Scope Markets Kenya CEO, Kevin Ng’ang’a observed, “the Sope Markets app is very easy to use especially when executing trades. Customers are at the heart of everything we do. We designed the Scope Markets app with the customer experience in mind as we seek to respond to feedback from our customers.”

He added that enhancing the client experience builds upon the robust trading platform, Meta Trader 5, unveiled in 2019, enabling Scope Markets Kenya to broaden the asset classes available on the trading platform.

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