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Suluhu Questions Ruto Over Dangote-Backed Oil Refinery Plan in Tanzania Tanzanian President Samia Suluhu Hassan has publicly questioned Kenyan President William Ruto over the proposed construction of a major oil refinery in Tanga, revealing that her government had not officially approved or even discussed the project before it was announced in Kenya. The issue emerged after President Ruto and Nigerian billionaire Aliko Dangote spoke about plans to establish a large regional oil refinery in Tanga during an investment conference held in Nairobi last month. The announcement attracted significant attention across East Africa because the project is expected to involve several…

The Federation of Kenya Employers (FKE) has now clarified how companies and organisations across the country are expected to implement the salary adjustments announced by President William Ruto during the Labour Day celebrations. Speaking on Monday, May 4, FKE Chief Executive Officer Jacqueline Mugo explained that employers will mainly focus on adjusting the statutory minimum wage and not all salaries across every level of employment, as many workers had expected after the President’s announcement. According to Mugo, employers will review workers’ payslips strictly in line with the laws and regulations that govern minimum wages in Kenya. She stressed that the…

CS Ogamba Under Pressure as KNEC Data Reveals Massive Dropout Numbers Before Grade 10 Fresh data released by the Kenya National Examination Council (KNEC) has sparked serious concern within the education sector after revealing that more than 151,000 learners from the first group of students under the Competency-Based Curriculum (CBC) failed to make it to the end of junior secondary school. The figures were presented during the Third Annual Education Assessment Symposium held on May 4. The event was organised jointly by the Ministry of Education, KNEC, and the Education Resource Centre and brought together education stakeholders, policymakers, teachers, and…

Benefits Uhuru Kenyatta Could Lose If Cherargei’s Motion Is Approved Former President Uhuru Kenyatta could lose a wide range of state-funded benefits and privileges if a motion introduced by Samson Cherargei is passed in Parliament. The motion, which was dated May 4, 2026, seeks to question whether retired presidents who actively participate in politics should continue enjoying taxpayer-funded benefits provided under the Presidential Retirement Benefits Act. According to Senator Cherargei, the spirit of the law was meant to allow former heads of state to remain neutral after leaving office. He argued that retired presidents are expected to serve the country…

Definition of an Indicative Quote An indicative quote is an estimated exchange rate or market price that a market maker provides to an investor or trader when requested. It gives a general idea of the current value of a currency pair, but it is not a guaranteed trading price. This means the trader cannot rely on the quote as a final executable rate because the market maker is not required to complete a transaction at that exact price. Indicative quotes are commonly used in the foreign exchange (Forex) market where prices move very quickly. Traders and businesses often request these…

Leverage is one of the most important concepts in forex trading. It allows traders to control large trading positions using a relatively small amount of their own money. In simple terms, leverage means borrowing money from a broker so that you can trade bigger amounts in the forex market than your actual account balance would normally allow. Forex trading is known for offering very high leverage compared to other financial markets. While leverage can increase profits when the market moves in your favor, it can also increase losses when the market moves against you. Because of this, leverage is often…

How to Use Leverage in Forex Trading Forex trading has become one of the most popular ways people try to make money online. One of the biggest reasons traders are attracted to the forex market is because of leverage. Leverage allows traders to control large trading positions using a small amount of money. While leverage can increase profits, it can also increase losses very quickly. That is why every trader must understand how leverage works before using it in live trading. In this article, we will explain leverage in simple English, how it works, its advantages and risks, and how…

Personal Loans for Self-Employed Individuals Being self-employed comes with many advantages. You enjoy freedom, flexibility, and the chance to build your own income. However, when it comes to borrowing money, freelancers, small business owners, consultants, online traders, and gig workers often face more challenges than salaried employees. Many lenders prefer borrowers with stable monthly payslips, making it harder for self-employed individuals to qualify for loans. But despite these challenges, personal loans for self-employed people are still available. With the right preparation and understanding of the lending process, you can secure financing for emergencies, business expansion, education, medical bills, debt consolidation,…

Key Takeaways What Is Decentralized Finance (DeFi)? Decentralized finance, often shortened to DeFi, is a modern financial system built on blockchain technology. Its goal is to give people more control over their money by allowing them to complete financial transactions directly with one another instead of relying on banks, brokers, or other centralized institutions. Traditional financial systems usually depend on organizations such as banks, payment companies, and financial regulators to process and monitor transactions. In countries like the United States, institutions such as the Federal Reserve and the Securities and Exchange Commission (SEC) help oversee these systems and create rules…

Using DeFi Protocols for Quick Loans The world of finance has changed rapidly over the past few years, and one of the biggest innovations is decentralized finance, commonly known as DeFi. Unlike traditional banking systems that rely on banks, paperwork, and approval processes, DeFi allows people to access financial services directly through blockchain technology. One of the most popular services in this growing sector is quick loans through DeFi protocols. DeFi lending has attracted millions of users because it offers fast access to funds without the delays common in traditional banks. People can borrow cryptocurrency within minutes, at any time…