Climate change could cost global economy US$24 trillion

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Category: Consumer & Household

Published on Wednesday, 06 April 2016 11:17

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A new report by the London School of Economics and Political Science is the first comprehensive study to use an economic model to put a number on the climate value at risk.

A new report published on Monday has put the potential cost of climate change to the world economy at as much as US$24 trillion by 2100, underlining the urgent need for businesses worldwide to pay attention to it.

The report, led by researchers at the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science and Vivid Economics, is the first comprehensive study to use an economic model to put a number on the climate value at risk.The study, published in the journal Nature Climate Change estimated that an average US$2.5 trillion, or 1.8 per cent, of the worlds financial assets would be at risk from the impacts of climate change if global temperatures rise by 2.5 deg C above its pre-industrial level by 2100.

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10th WTO Ministerial Conference, Nairobi, 2015

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Category: Consumer & Household

Published on Friday, 04 December 2015 06:04

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The WTO is an international intergovernmental organization dealing with the formulation and implementation of international trade rules. It also deals with the arbitration of trade disputes between its Members.

The WTO has the Objectives of raising the standards of living for Members, ensuring full employment, large and steadily growing volume of real income and effective demand, expanding the production of and trade in goods and services, while allowing for the optimal use of the world’s resources and seeks to both protect and preserve the environment and to enhance the means for doing so in a manner consistent with Members respective needs and concerns at different levels of economic development.

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Kenya's Economy to Grow at 6 Percent in 2016

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Category: Consumer & Household

Published on Wednesday, 23 December 2015 04:51

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Kenya's economy will accelerate slightly in 2016, driven by loose fiscal policy, infrastructure projects and robust private consumption, according to Focus Economics.

The Spain based economic research firm forecast the country's economy will grow at a rate of six per cent in 2016, which is unchanged from November's forecast.

"Nevertheless, a large fiscal deficit and rising public debt, a weak shilling and tight monetary policy represent challenges for the economy, along with corruption and insecurity," the firm said in the latest consensus forecast for Sub-Saharan Africa.

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Unilever eyes Tatu City land in Sh17bn plan

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Category: Consumer & Household

Published on Friday, 13 November 2015 09:22

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Consumer goods manufacturer Unilever East Africa is set to acquire a 70-acre piece of land in Kiambu’s Tatu City, setting the stage for its Sh17 billion expansion plans.

The producer of OMO detergent and Blue Band margarine said it had signed an agreement with the property developer to buy the land for hundreds of millions of shillings, with the exact price undisclosed.

The multinational is now expected to build a new factory in the location in the medium term, replacing the current plant it has operated at Nairobi’s Industrial Area for decades.

This will be part of the Sh17 billion investments in Kenya announced by its global chief executive Paul Polman last year.

Read more: Unilever eyes Tatu City land in Sh17bn plan