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FAQ · Economy & Work 12

Answers in each category are based on Kenya News's knowledge base of public sources; each answer shows its source.

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What are the FAQ answers based on?

Answers in each category come from the Kenya News Explained knowledge base, which draws on public reference sources such as Wikipedia, and each answer shows its source.

How does the use of fossil fuels like oil and gas affect Kenya's environment?

The burning of fossil fuels such as coal, oil, and natural gas releases carbon dioxide which increases the greenhouse effect. This process contributes to climate change and is a likely source of carbon dioxide emissions. In Kenya, some manufacturing firms use fossil fuel sources to generate supplemental power because electricity generation and distribution can be unreliable. While half of the country's electricity comes from hydropower, droughts and evaporation decrease this capacity. This shift can lead to an increased use of more polluting energy sources.

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Are there any specific bonuses or benefits provided to residents in certain regions like Malaysia?

In Malaysia, which is a federation of thirteen states, certain benefits are provided to children. These benefits include a baby bonus, education loans, and scholarships. To qualify, children must be born in the state or have parents who were born there. Additionally, children residing in the state may also receive these benefits. This system varies depending on the specific state within the federation.

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How does the quota system work for student admissions in Kenyan schools?

Every year, between 300 and 600 students are selected based on academic merit and a specific quota. This quota system ensures that boys from every county in the country are admitted to the school. There is a bias toward students from public schools as required by current education policy. Academic merit is determined by performance on the Kenya Certificate of Primary Education exams. Students are admitted on a need-blind basis regardless of their financial background.

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What is the role of the ABS Technical Committee in Kenya?

The ABS Technical Committee is a multi-sectoral group within NEMA that provides expertise to ensure fair and objective decisions. They are responsible for making decisions regarding access permit applications. Additionally, they assist in the implementation of prior informed consent and material transfer agreements. They also help with mutually agreed terms. This committee brings together various perspectives to contribute to the decision-making process.

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What is being done to support industrialization and local artisans in Kenya?

A project led by the Ministry of Industrialization aims to construct and equip one juakali shed in every constituency. This development is designed to happen in phases to help youth participate as artisans and entrepreneurs. The initiative focuses on massive social infrastructure projects and construction works at the constituency level. District industrial development officers are supported by field officers from Kenya Industrial Estates and the Kenya Industrial Research Development Institute. This rollout is intended to facilitate local economic participation through these specialized sheds.

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What documents are required for an invoice when importing containerised cargo to Kenya?

When importing containerised cargo to Kenyan ports, certain documentation must be managed through an Advance Cargo Declaration. The exporter is required to upload a commercial invoice along with a freight invoice to a specific platform. This platform is operated by the Kenya Revenue Authority. Along with these invoices, the exporter must also upload the draft bill of lading and the export declaration. Completing these steps allows the exporter to obtain an ACD reference code at the point of loading.

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How did stock broking activities begin in Kenya?

Stock broking activities in Kenya began in the 1920s during the British colonial period. At that time, the market was informal and lacked specific rules or regulations to govern activities. Trading was conducted based on a gentleman's agreement rather than formal structures. During this era, stock broking was often a sideline business performed by accountants, lawyers, auctioneers, and estate agents. These professionals would meet to exchange prices in a casual setting.

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How can I learn about the history of business brokerage and trading in Kenya?

The history of business in Kenya includes the development of effective supply chain and brokerage infrastructure. One notable entrepreneur established the Oriedo, Esau & Sons trading company which grew into a national enterprise. This company operated as a conglomerate of diverse business units with branches in all major cities. Such business structures were recognized in reports regarding agro-industrial enterprises in the country. These historical developments played a significant role in the economic landscape of the region.

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What kind of insurance services are available through Liberty Kenya Holdings Limited?

Liberty Kenya Holdings Limited offers various insurance options through its different companies. Liberty Life Assurance Kenya Limited provides long term life insurance and assurance services. For those seeking short term and general insurance services, Heritage Insurance Company Kenya Limited is available in Nairobi. The group also has connections to insurance services in Tanzania. These entities provide a range of coverage options for residents and businesses.

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What kind of insurance should I check for when hiring a car in Kenya?

When you are hiring a car, you must make sure that the vehicle has up-to-date comprehensive and PSV insurance. These insurance documents are normally displayed on the top left side of the windscreen. If you are planning on hiring a car for cross-border travel, you might need to purchase additional insurance. You should also remember to carry the motor vehicle original log book for such trips. Following these requirements ensures you are properly covered while driving.

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How does corruption affect the cost of doing business in Kenya?

Corruption in Kenya remains widespread despite various market reforms. Business surveys indicate that companies frequently encounter demands for bribes and informal payments to get things done. This ongoing trend has contributed to an increased cost of doing business within the country. Additionally, the use of agents to facilitate business operations and transactions is common and poses risks for companies. These issues are particularly prevalent during the market entry and business start-up stages.

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How can I protect my deposit when renting a car in Kenya?

When you hire a car, you should always take note of various dents or the specific state of the vehicle. This is important because disputes may arise when a refundable deposit is involved. It is also wise to perform a background check before sending any money to local distributors. While major agencies in Nairobi, Mombasa, and Kisumu are reliable, local options can be cheaper. Taking these precautions helps prevent contentious issues regarding your refund later.

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