Kenya’s usable foreign exchange reserves plummeted to Ksh.944.9 billion in the week ended June 24 amidst outcry by manufacturers and importers over the Dollar shortage in the market. This is compared to Ksh.955 billion a week before, representing a one percent drop, according to the Central
Kenya Shilling buckled further against the US Dollar Monday, with only o.25 units shy of hitting the 118 level. Data by the Central Bank of Kenya (CBK) shows the shilling traded at 117.75, a 0.6 percent drop in 20 days when it hit 117 levels. This is
A Nigerian governor has ordered the issuing of licenses so citizens can carry guns to defend themselves against armed groups, a first among the measures drawn up to defeat gunmen blamed for the deaths of thousands in the West African country’s troubled northern region. Zamfara state
Russia is on the brink of its first debt default since 1998 as the Sunday deadline to make a $100m interest payment seems certain to be missed. Russia has the money and is willing to pay, but sanctions make it impossible to get the payments to
Former Nairobi Governor Mike Sonko could rejoin a Mombasa gubernatorial race after High Court dismissed a petition that sought to bar candidates with integrity questions from contesting for any elective seats in Kenya. Justices David Majanja, Chacha Mwita and Mugure Thande said the case touching on
High Court has freed Ken Lugwili, a firearms dealer who was arrested in connection with 22 firearms and 565 rounds of ammunition on a Ksh.300, 000 cash bail. The prosecution team at the Kahawa Law Courts in Kiambu had sought to detain Ken Lugwili for five
Internet Service Providers (ISP) in Kenya have been accused of failing on their mandate to comply with the revocation notice of websites infringing on copyrighted materials. In a High Court ruling Thursday, Justice Wilfrida Okwany said ISPs have allowed people’s intellectual property to be taken advantage
Kenyans have been in the spotlight over the authenticity of degree certificates, much of which politicians seeking various political seats have been facing a litmus taste on their education qualification. And in an intensified crackdown against fake degrees, the Great Lakes University – Kisumu (GLUK) has
The United States is a bastion of the ultra-wealthy, with more than half of the globe’s known billionaires living in the country according to the Forbes World’s Billionaires List. Reasons wealth is accumulating in the United States are its favorable tax codes, including tax brackets instead
Kakamega County has spent more than Ksh.10 billion on infrastructural development of markets in 12 sub-counties since he took power in 2013. The funds have been used on construction and repair of markets, toilets, stalls, kiosks, stock rings and water storage tanks among others. So far, 14
