Author: Editor

There was chaos in Kilgoris town on Thursday, May 1, after angry boda boda riders poured into the streets to demonstrate the death of one of their fellow riders. The deceased was allegedly run over not once but twice by a vehicle believed to be driven by a General Service Unit (GSU) officer. The situation quickly became tense as furious riders blocked the Kilgoris-Nyanguso road, lit bonfires, and completely brought business activities to a halt. They insisted that justice must be served, refusing to clear the road or calm down until the government responded to their demands. According to the…

The National Treasury has officially unveiled the Finance Bill 2025, which outlines a series of new tax proposals to be applied during the 2025/2026 financial year. These proposed changes are aimed at reshaping the country’s tax policies and are expected to bring notable impacts across different sectors of the economy. The bill was shared with the public by the Chairperson of the National Assembly’s Finance Committee, Kimani Kuria, on Wednesday, April 30. Some sectors, particularly the construction industry, have welcomed the proposals, especially the revision of the Export and Investment Promotion Levy. One of the major highlights of the Finance…

Gachagua: No Kenyan Worker Is Happy Amid High Cost of Living and Low Wages Nairobi, Kenya – May 1, 2025 – Former Deputy President Rigathi Gachagua has expressed concern over the ongoing struggles of Kenyan workers, saying many are facing deep suffering, low pay, and increasing frustration due to harsh economic conditions. Speaking during the 60th Labour Day celebrations, Gachagua said the lives of Kenyan workers continue to be marked by hardship, with many struggling to cope with the high cost of living and the burden of multiple salary deductions. “As we commemorate 60 years of Labour Day, the story…

Introduction In the world of decentralized finance (DeFi), price oracles play a crucial role. These oracles provide up-to-date asset prices to smart contracts, enabling key functions such as lending, borrowing, and trading. However, if an oracle is manipulated, it can cause major vulnerabilities. Attackers can take advantage of this by inflating the price of assets to deceive DeFi platforms into giving out huge loans against overvalued collateral. One common method involves using flash loans or flash swaps to temporarily drive up an asset’s on-chain price. Here’s a simple and detailed explanation of how such an attack typically happens. Step-by-Step Breakdown…

What is Borrowing and Lending? Borrowing and lending in decentralized finance (DeFi) is a common financial activity where people can either lend out their crypto assets to earn interest or borrow assets by offering collateral. This system helps make better use of unused assets and allows people to get quick access to funds for trading or investment opportunities. How Borrowing and Lending Work Borrowing To borrow, users must lock up a certain amount of crypto (called collateral) in a smart contract. The amount they can borrow depends on the value of the collateral and rules set by the lending platform.…

Cryptocurrencies are changing the way organizations handle money, and nonprofits and NGOs are starting to explore new tools like crypto loans to support their missions. With limited access to traditional funding and rising demand for transparency, these digital solutions offer both great promise and serious risks. Let’s take a closer look at the opportunities and challenges of using crypto loans in the nonprofit sector. What Are Crypto Loans? Crypto loans are financial services where an organization can borrow money using cryptocurrencies as collateral or receive funds in crypto without going through traditional banks. These loans are often handled through decentralized…

Relief Hopes for Kenyan Workers as Atwoli Pushes for Changes in Payslip Deductions The Central Organisation of Trade Unions (COTU) Secretary General, Francis Atwoli, has urged the government to review how statutory deductions are made from the salaries of Kenyan workers. Speaking during the Labour Day celebrations held at Uhuru Gardens in Nairobi, Atwoli said the current system does not reflect the real economic struggles faced by many salaried Kenyans. He specifically asked President William Ruto’s administration to consider amending the law so that all statutory deductions are based on the basic salary rather than the gross income. Atwoli argued…

The National Police Service (NPS) has issued a public appeal for anyone who might have witnessed the tragic shooting of Kasipul Member of Parliament, Charles Were, to come forward and report to the nearest police station. This call for assistance follows a statement made by Police Spokesperson Muchiri Nyaga, who provided more information about the events leading up to Were’s death at Nairobi Hospital. In an update shared on Wednesday, April 30, Nyaga explained the final moments of the lawmaker’s life, revealing that the shooting occurred around 7:30 pm the previous evening. According to eyewitness reports, a white Toyota Crown…

After returning to the country a fortnight ago, former Interior Cabinet Secretary, Fred Matiang’i, is set to make his first public appearance this Friday, May 2, 2025. This marks a significant step in his public re-engagement as he prepares for a potential presidential run in 2027. First Appearance in Gusii Region In an official statement, Matiang’i shared that his first public appearance will take place in the Gusii region, a move that highlights his growing political presence. During the event, he will be joined by a number of elected leaders from the area, including Kisii Governor Simba Arati. The statement…

The Draft Finance Bill 2025 was officially approved by the Cabinet this week and was later presented to the National Assembly on Wednesday, April 30. This bill proposes several important changes to Kenya’s current tax laws and aims to strengthen the government’s revenue collection system while reducing misuse of public funds. What the Bill Covers The Finance Bill 2025 outlines a range of proposed changes to multiple tax laws in Kenya. These include: In addition to the above, the bill also suggests amendments to the Miscellaneous Fees and Levies Act. These changes specifically focus on Import Declaration Fees (IDF) and…