Author: Judith Mwaura
Following his recent defeat in the African Union Commission (AUC) Chairperson election, Raila Odinga has addressed the public, expressing his gratitude to his supporters and reaffirming his commitment to pan-African ideals. In a statement released earlier today, Odinga acknowledged the outcome of the election and extended his congratulations to Djibouti’s Mahamoud Ali Youssouf, who secured the position after a closely contested race. Odinga emphasized the importance of unity and collaboration among African nations, stating that the continent’s progress hinges on collective efforts and mutual support. He expressed hope that under Youssouf’s leadership, the African Union would continue to address pressing…
As the African Union Commission (AUC) elections approach, tensions are rising in Kenya, particularly in Kisumu’s Kondele area. Residents have expressed strong support for Raila Odinga, Kenya’s candidate for the AUC chairperson position. They have vowed to organize significant protests if Odinga is not declared the winner. The AUC elections are scheduled for February 15-16, 2025, in Addis Ababa, Ethiopia. Odinga faces competition from Djibouti’s Mahmoud Ali Youssouf and Madagascar’s Richard Randriamandrato. To secure the chairperson role, a candidate must obtain a two-thirds majority from the 55 AU member states, equating to 33 votes. The election process involves multiple voting…
In Nairobi’s Central Business District (CBD), a massive gathering of Kenyans has formed, eagerly awaiting the announcement of Raila Odinga’s bid for the African Union (AU) Commission Chairmanship. The atmosphere is electric, with supporters waving flags, singing, and chanting in support of Odinga’s potential leadership on the continental stage. Raila Odinga, a seasoned Kenyan politician and former Prime Minister, officially declared his intention to run for the AU Commission Chairmanship in February 2024. This announcement was made during a press briefing in Nairobi, where he expressed his readiness to serve, drawing from his extensive experience, including his tenure as the…
In the fast-changing world of cryptocurrencies, protecting your digital assets is crucial. Crypto custodians play an essential role in this process by providing secure storage and managing digital assets. While self-custody allows you to have full control over your assets, it also comes with substantial risks. You might lose access to your private keys or passwords, or face difficulties when dealing with security issues or breaches. Crypto custodians can reduce these risks by implementing advanced security protocols and policies to keep your assets safe. Picking the right custodian is key to ensuring your digital holdings remain secure. If cryptocurrencies are…
Cryptocurrencies have evolved from a niche market into a mainstream financial asset, attracting the attention of hedge funds and banks worldwide. As institutional interest grows, these financial giants have developed strategic methods for investing in the crypto space while managing risks and regulatory challenges. Here’s how hedge funds and banks invest in cryptocurrencies. Hedge Funds in Crypto Hedge funds are known for their aggressive investment strategies and high-risk tolerance. Many hedge funds have adopted cryptocurrency investments in various ways: Banks and Institutional Crypto Investments Traditional banks have historically been cautious about cryptocurrencies due to regulatory uncertainties and volatility. However, in…
The cryptocurrency market has seen a significant shift over the past few years, with institutional investors increasingly adopting Bitcoin and Ethereum. This growing trend signifies a major transformation in the perception of digital assets, from speculative investments to valuable financial instruments. In this article, we explore the reasons behind institutional adoption, key players, and the impact on the market. Why Institutions Are Adopting Bitcoin and Ethereum Key Players Driving Institutional Adoption Impact on the Market The institutional adoption of Bitcoin and Ethereum has led to increased liquidity, reduced volatility, and broader mainstream acceptance. With more institutions entering the space, the…
Understanding Crypto Asset Management: Definition, Function, and Goals What is Crypto Asset Management? Crypto asset management refers to the process of buying, selling, and overseeing digital assets as part of an investment portfolio. The goal is to achieve overall growth in value while strategically managing risk. While asset management has been a fundamental part of the financial industry for decades, the inclusion of cryptocurrency and blockchain-based assets is relatively new. This need arose as digital currencies and other blockchain-driven assets gained popularity among investors. Key Takeaways How Crypto Asset Management Works The launch of Bitcoin in 2009 initially saw little…
Civil Servants to Face Tougher Times as Government Plans Major Reforms Thousands of civil servants in Kenya could lose their jobs or be forced into early retirement as the government pushes forward with plans to restructure the country’s wage bill over the next four years. In the 2025 Budget Policy Statement, which was presented to the National Assembly on Thursday, February 13, the National Treasury outlined a strategy to reduce the national wage bill from the current 24.6% of total revenue to 17.4% over the next financial years. Starting in July 2025, the government aims to cut the wage bill…
IG Kanja and DCI Boss Amin Urge Court to Dismiss Abduction Case Filed Against Them Inspector General of Police Douglas Kanja and Directorate of Criminal Investigations (DCI) Director Mohammed Amin have requested the court to dismiss the abduction case filed against them. The case, filed by the Law Society of Kenya (LSK), sought to compel the IG and DCI to produce several young men who were allegedly abducted and had since gone missing. LSK, under the leadership of its president, Faith Odhiambo, accused the police of being behind the abductions and demanded that the police boss be held personally accountable…
Kenya Power Warns Kenyans About Token Delays, Offers Alternative Solution Kenya Power has acknowledged delays in processing electricity tokens purchased through its Paybill numbers, following a flood of complaints from customers on social media. In a statement released on Friday night, the electricity provider confirmed that the issue was caused by a technical problem affecting the generation of tokens. “We are currently experiencing delays in processing tokens purchased via our Paybill 888880. Our technical team is actively working to resolve this issue as quickly as possible,” Kenya Power stated. The problem appears to have started around 8 PM on Friday,…