Kenya has the highest number of cancer-related deaths across East Africa, new data by the World Health Organisation(WHO) showed.
Cancer kills 32,987 Kenyans a year, an estimated 40 per cent of the 83,426 deaths reported in the three EA countries of Kenya, Uganda and Tanzania, according to the WHO’s Globocan report that analyses new cases among men and women.
Tanzania comes second with 28,610 cases while Uganda had the least deaths with 21,829 or slightly above 25 per cent of all the cases reported by the three countries.
Cancer of the cervix (cervix uteri) is the leading killer of all cancers in East Africa accounting for 14,282 deaths, nearly double the number of people who died from the second-highest killer, oesophagus cancer.
Prostate, breast and Kaposi sarcoma complete the list of the five-leading cancer killers in the three countries.
Oesophagus cancer is the leading in Kenya, with 4,351 deaths registered every year — more than double the number recorded in Uganda.
Tanzania had 6,695 deaths or 46 per cent of the total deaths registered in the region last year, according to the report.
The East African nation, which is listed by WHO in the top five African countries most hit by cervix uteri, rolled out a countrywide vaccination campaign to address the ailment that affects females. The campaign that started in April, targets to give the Human Papilloma Virus (HPC) vaccine to girls aged at least 14 years.
Uganda leads regionally in deaths from Kaposi sarcoma, a type of cancer that mostly affects people with immune deficiencies such as HIV and AIDs. The country had 2,159 deaths or nearly half of the total 4,485 recorded last year.
Cervix uteri however remains the biggest killer cancer in Uganda accounting for 4,301 deaths every year.
Cancer of the bladder is the least cause of concern across the region for the 13 cancer-types sampled, accounting for 1,230 deaths every year.
Over-stretched facilities to serve an increasing number of patients and lack of adequate funding to set up treatment centres are the major challenges facing the region. Kenyatta National Hospital(KNH), the largest referral facility in Eastern and Central Africa, is already strained by the high number of Kenyans flocking its cancer treatment facility.
The hospital has been forced to treat patients from the neighbouring countries. Kenya ha 47,887 new cancer cases every year or 39 per cent of the 122, 564 infections, followed by Tanzania with 42,060, while Uganda has 32,617.
The report further showed that Kenyan females are at the highest risk of contracting cancer in the region, with 28,688 new cases reported annually or 42 per cent of the 68,265 new infections.
A report by KNH showed that more females than males had sought treatment for cancer last year, linking the high rate of obesity among women to the rising number. Tanzania had 25,028 new cases while Uganda came a distant third with 14,549.
In Kenya and Tanzania, females are more vulnerable to getting cancer than their male counterparts.
Last year, 60 per cent of all new cancer cases in Kenya and Tanzania were females.
The Globocan report further showed that more females die of cancer than men, accounting for 56 per cent of deaths last year.
World Bank pushes G-20 to extend debt relief to 2021
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.
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.
Kenya’s Central Bank Drafts New Laws to Regulate Non-Bank Digital Loans
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.
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.
Scope Markets Kenya customers to have instant access to global financial markets
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.
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.