KAM CEOs Brief | 28th October 2016

Kenya Power Engages KAM Nakuru Chapter

Kenya Power engaged KAM Nakuru Chapter on 28 October 2016 in Nakuru. One of the steps that KAM has taken towards making Kenya competitive is advocating for reliable and constant power supply. Manufacturers depend heavily on power for production however, power supply interruptions have resulted to heavy losses.

Kenya Power has been keen on delivering better customer services. This has been achieved in the Chapter since they started using Kenya Power’s Large Power Consumers Whatsapp Group for feedback.

KAM CEO, Ms. Phyllis Wakiaga state that the use of Whatsapp Group in the Chapter has also set precedence for other Chapters to adopt. “We laud the use of Whatsapp Group between Nakuru Chapter and Kenya Power that has seen other KAM Chapters adopt” said Ms. Wakiaga

So far, Kenya Power has engaged KAM Members in Nyanza/Western, Coast, Uasin Gishu, Central and Nakuru regions and is expected to address manufacturers in Industrial Area/Machakos regions in November, this year.

For more information contact: john.Kamau@kam.co.ke

Forum for Transparency and Accountability in Pharmaceutical Procurement Network Held

KAM participated in a Forum for Transparency and Accountability in Pharmaceutical Procurement Network on 24 October 2016 in Nairobi.

The forum is a multi – Stakeholder group formed in April 2011 with the support of the World Bank Institute, bringing together different stakeholders working towards transparency and accountability in pharmaceutical procurement.

The objective of the forum was to monitor pharmaceutical procurement and supply chain management with the aim of exposing transparency and accountability in the health sector.

The forum looked into the Drug Price Index Project which shall assist in developing an effective pricing policy in Kenya and hence regulate the cost of drugs.

This project is to be implemented through a tool which can be accessed on phone and on the web as well as strategies of strengthening the network.

The meeting was convened by Transparency International (TI) Kenya and Comprises of over 20 organizations drawn from CSOs, Government departments, Donor groups, Academia, Media.

For more information contact: charles.Wanjohi@kam.co.ke

IMF Regional Economic Outlook

KAM participated in the launch of the bi-annual IMF Regional Economic Outlook on 25 October 2016. The meeting was graced by Treasury Cabinet Secretary (CS), Henry Rotich.

Kenya – An Overview by CS Rotich

Global economic growth is projected to slow down to 3.4% mainly due to the subdued outlook for advanced economies. The global slowdown affects SSA based on structure.

There is a sharp slowdown in SSA growth to 1.4% in 2016 in contrast to the huge growth rate of the past 15 years. Non Resource Intensive Countries (NRICs) are expected to perform better.

• Kenya’s performance is projected to lie between 5.5% to 6%. This projection is based on the fact that Kenya’s growth improved to 6.2% in quarter 2 and is expected to remain on course to over 6% in 2016 and over 6.5% over the midterm.
• The growth is supported by Infrastructure investments, exports to the sub region, macroeconomic stability where inflation remains between 5% and 7%, low oil import bill, improved business environment, low interest rates and an exchange rate that is the most stable in the region.
• Shortfalls in resources in SSA relate to oil export growth which shrunk by 1.7% this year. Affected countries include; South Sudan, Nigeria, Chad and Equatorial Guinea. Growth has weakened for most of the countries also due to subdued global trade and geopolitical influences
• As policy makers it is important to keep tighter financial conditions, policy adjustments and remain vigilant on macroeconomic policy.

The forum also looked into Multispeed Growth – Summary of developments, outlook, policy implications and key messages and Exchange Rates Regimes in Sub-saharan Africa: Experiences and Lessons.

Kindly download a copy of the report here.

For more information contact: anne.ndungu@kam.co.ke