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The DeFi Interest Rate Model is a system used by decentralized finance (DeFi) platforms to set the interest rates for borrowing and lending digital assets. This model takes into account several important factors like the supply and demand of assets, the level of risk involved, and the liquidity available in the system. It works by automatically adjusting interest rates to keep everything in balance—especially the use of available funds. For example, if there’s a high demand for borrowing an asset, the model increases interest rates to encourage more people to lend, ensuring the platform stays liquid and stable. These interest…

Treasury Cabinet Secretary John Mbadi has announced several changes to income tax in the 2025/2026 Budget, aiming to increase government revenue while also easing the tax burden on Kenyan workers and businesses. During his presentation of the budget estimates to the National Assembly, CS Mbadi introduced the Finance Bill 2025, which includes significant reforms. These reforms are meant to remove confusion in existing tax laws, create fairness in how taxes are charged, and support economic growth across different sectors. Gratuity Payments Now Fully Tax-Exempt One of the most notable announcements is that all gratuity payments—whether from government jobs or private…

First Suspect Arrested in the Murder of Blogger Albert Ojwang Police have made the first arrest in the ongoing investigation into the death of Kenyan blogger Albert Ojwang. On Thursday, June 12, a police officer attached to the Central Police Station in Nairobi was taken into custody. According to reports shared with Kenyans.co.ke, the officer is currently being held at the Capitol Hill Police Station. A memo released on Thursday evening confirmed the arrest, stating: “Please be informed that an officer of Central Police Station Nairobi, was arrested today, 12/06/2025 and placed in custody at Capitol Hill Police Station by…

The United States government has issued a strong warning to its citizens in Kenya, advising them to stay away from the Nairobi Central Business District (CBD) following violent protests that erupted on Thursday, June 12. In a travel advisory released by the U.S. Department of State, the American government expressed serious concern over the chaotic situation in the CBD, citing reports of tear gas and live bullets being used during the demonstrations. The statement described the protests as dangerous and urged American citizens to avoid the affected areas until calm is restored. “Violent protests are currently underway in the Central…

The government has announced that it will spend Ksh700 million to introduce a new online procurement system aimed at curbing corruption. This system, known as the Electronic Government Procurement (eGP), is part of the 2025/2026 national budget and is expected to bring transparency and accountability to how government agencies purchase goods and services. While presenting the 2025/2026 budget estimates in the National Assembly, Treasury Cabinet Secretary John Mbadi said the government is determined to eliminate corruption loopholes in public procurement. He explained that the Ksh700 million allocation will go towards the full rollout of the eGP system. “The government is…

Nairobi County has moved quickly to clamp down on poor food hygiene at Gikomba Market, shutting down some food kiosks and issuing warnings to several others. This action comes after disturbing reports revealed that fish vendors were preparing and selling fish right next to open urinals, raising serious health concerns for city residents. The operation was led by Nairobi County Chief Officer for Environment, Geoffrey Mosiria, along Kombo Munyiri Road. During the crackdown, county officials discovered highly unhygienic conditions where food was being prepared and sold. According to Mosiria, the environment was not only dirty but outright dangerous for public…

The National Gender and Equality Commission (NGEC) has stepped in and is demanding immediate answers from the National Police Service (NPS) after disturbing reports emerged that a pregnant woman lost her baby while being held in police custody. The woman, who was seven months pregnant, reportedly suffered a miscarriage after being detained at a police station in Kinangop, Nyandarua County. In a firm statement released on Thursday, June 12, the NGEC expressed deep concern over the tragic incident, calling it an unimaginable and avoidable tragedy that requires urgent attention. The commission is calling for a swift and transparent investigation, as…

President William Ruto has responded to the recent decision by the European Commission to list Kenya among countries with weak money laundering and terrorism financing controls. Speaking in Mombasa on Thursday during the closing ceremony of the Commonwealth Heads of Prosecuting Agencies Conference, the President assured that his government is taking the issue seriously and will provide more funds to investigative and prosecution bodies to tackle the problem. Ruto acknowledged that Kenya, like many other nations, faces serious challenges in dealing with organised crime and money laundering. He said the government is committed to the rule of law and is…

Meta, the company behind Facebook, has released new data revealing that the Kenyan government made the highest number of requests for user information in East Africa in 2024. According to Meta’s latest transparency report, Kenya submitted a total of 35 requests targeting 55 Facebook accounts—far more than any of its neighbouring countries. In comparison, Uganda only made two requests, while Tanzania and Sudan each made one. Somalia and Ethiopia, on the other hand, did not make any user data requests during the same period. Meta stated that it only responds to such government requests if they meet legal requirements and…

Introduction High leverage in Forex trading allows traders to control large positions with relatively small capital. This increases both potential profits and risks. In this guide, we explore the best high leverage Forex brokers in 2025, their features, pros and cons, and what to consider when trading with leverage. What is Leverage in Forex Trading? Leverage is a tool offered by brokers that allows traders to borrow money to increase their trade size. For example, with 1:100 leverage, you can control a $10,000 position with just $100. What is Margin? Margin is the amount of your own money you must…