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Juja MP George Koimburi Speaks Out Weeks After Alleged Abduction Juja Member of Parliament George Koimburi has finally broken his silence, sharing chilling details about his alleged abduction, which happened several weeks ago. His disappearance stirred heated discussions across Kenya’s political landscape, with speculation growing over whether the incident was genuine or possibly staged. Koimburi, speaking from his hospital bed, firmly denied claims that he had faked the incident. He confirmed that he had indeed been abducted and described the terrifying experience he went through. He narrated that the incident took place on May 25, shortly after he had attended…

Introduction With the U.S. Securities and Exchange Commission (SEC) now approving spot bitcoin ETFs, it’s much easier for everyday investors to get involved with cryptocurrency. These new investment options make owning bitcoin simpler—just like buying any other traditional stock or ETF. Spot bitcoin ETFs trade on well-known stock exchanges such as the New York Stock Exchange and Nasdaq. Investors don’t need to own or manage the digital asset itself. There’s no need to use crypto wallets or navigate digital platforms—everything happens on platforms you’re already familiar with. But before you jump in, it’s important to understand how spot bitcoin ETFs…

Introduction Starting a business in Kenya has become increasingly popular. Many aspiring entrepreneurs are taking the leap, which significantly contributes to the country’s economic growth. From technology and retail to service industries, opportunities are everywhere. But before you launch your venture, it’s crucial to formalize it. Registering your business name is one of the first—and most important—steps in that journey. A business name isn’t just a label; it’s the face of your brand. It creates identity, fosters recognition, and builds trust with your customers. A well-chosen name helps your business stand out in the market and also legally protects your…

Introduction: Why Kenya Is a Land of Opportunity for Entrepreneurs Kenya’s business landscape is evolving quickly, especially as we move through 2024. This rapid development is fueled by improvements in technology, an expanding middle class, and widespread internet connectivity. As the economic hub of East Africa, Kenya continues to attract both local and international investors. Its strategic location, growing infrastructure, and pro-business government policies make it an ideal place for launching new ventures. The country boasts a GDP growth rate of over 5%, and urban areas are expanding at an impressive rate. With more than 60% of the population under…

The rate of unemployment in Kenya remains a significant concern, particularly among the youth. One practical solution is self-employment through small business ventures. Contrary to popular belief, you don’t need millions to start a business. With a modest capital of Ksh 50,000, there are many profitable business opportunities you can explore. According to business consultant Catherine Njoroge, passion, market research, and commitment are essential for any business to succeed. Here are 30 profitable businesses you can start with 50K in Kenya: Starting a business in Kenya doesn’t need millions. With just Ksh 50,000, you can begin a small business that…

Becoming a professional forex trader isn’t something that happens overnight. It takes years of dedication, practice, and carefully developed strategies that have proven to be profitable over time. But for those who stay the course, the rewards can be life-changing. These traders can enjoy high incomes and flexible lifestyles that many people only dream of. Professional traders have many options — they can work for big banks, hedge funds, or trade independently from the comfort of their own home. In this article, we’ll take a closer look at a typical day in the life of a professional forex trader who…

The foreign exchange (forex) market is the largest and most liquid financial market in the world. The majority of trading happens in what’s called the “interbank market,” a decentralized space where banks, financial institutions, and individual traders interact. Unlike traditional financial markets such as the New York Stock Exchange (NYSE) or London Stock Exchange (LSE), the forex market doesn’t operate in a physical building or through a central exchange. Instead, it’s a global, electronic, over-the-counter (OTC) network that operates 24 hours a day, five days a week. This means that forex trading happens all around the world, anytime, anywhere, as…

Forex trading involves buying one currency while simultaneously selling another. Currencies are always traded in pairs, meaning you’re speculating on the exchange rate between two different national currencies. For example, when trading the EUR/USD pair, you’re essentially buying the euro and selling the U.S. dollar, or vice versa. Trading in the forex market is done through a forex broker or a CFD provider (Contracts for Difference). These platforms provide access to various currency pairs, which are quoted in terms of one currency relative to another. Understanding Currency Pairs Currency pairs work like a tug-of-war. If one currency gains strength, it…

The government has strongly responded to claims made by Central Organisation of Trade Unions-Kenya (COTU-K) Secretary-General Francis Atwoli, accusing him of spreading false information about the use of housing levy funds. This comes just days after Atwoli raised concerns that the newly introduced regulations by Members of Parliament could create loopholes for misuse of billions meant for the Affordable Housing Programme. On Tuesday, June 3, Atwoli pointed out that recent regulations passed by lawmakers could open the door for funds collected through the housing levy to be used on unrelated projects. He expressed fears that these changes might allow Parliament…

Crypto Loan Repayment Terms: What You Need to KnowWhy People Borrow Against Crypto: Use Cases and Examples Introduction As cryptocurrency becomes more popular, many people are now using it not just to invest, but also as a way to get loans. These are called crypto loans, and they are growing fast. Instead of selling your crypto to get money, you can use it as collateral — meaning you lock it up, and borrow cash or stablecoins against it. In this article, we will explain: This simple guide will help you know if a crypto loan is right for you —…