Author: Editor

What Is Cross-Border Financing? Cross-border financing, also known as import and export financing, refers to financial arrangements that take place beyond a country’s borders. It enables businesses to engage in international trade by providing them with the necessary funds to operate in foreign markets. Companies rely on cross-border financing to expand their reach and compete on a global scale. In many cases, a lender or financial institution acts as an intermediary between the business, its suppliers, and its customers. Cross-border financing comes in various forms, including international loans, letters of credit, repatriable income, and bankers’ acceptances (BAs). Key Takeaways Understanding…

Cryptocurrency lending has become a popular way for investors to access funds without selling their digital assets. However, one common requirement for borrowing crypto is having a blockchain address. But is it possible to get a crypto loan without one? Let’s explore the options. What Is a Blockchain Address? A blockchain address is a unique identifier used to send and receive cryptocurrencies on a blockchain network. It acts like a bank account number for digital assets. When borrowing crypto, lenders typically require a blockchain address to deposit the borrowed funds. Traditional Crypto Lending and Blockchain Addresses Most crypto lending platforms…

Jubilee Party Secretary General Jeremiah Kioni has explained why the party decided to support former Interior Cabinet Secretary Fred Matiang’i in his bid for the presidency in the 2027 elections. Speaking on Monday evening during an interview on TV47, Kioni revealed that Matiang’i was the only politician who directly approached the party and expressed his interest in running for the country’s top seat under the Jubilee Party. According to Kioni, since Matiang’i was the only member of the party who showed interest in the presidential race, Jubilee had no reason to deny him the opportunity. He further emphasized that the…

Hundreds of frustrated Kenyans stormed a job agency’s offices in Nairobi, demanding refunds after falling victim to an elaborate employment scam. Many had paid large sums of money for promised jobs abroad, only to find themselves stranded with no work upon arrival. The victims, some of whom had traveled over 3,100 kilometers to Mauritius, said they were misled by the agency. They claimed they had been assured of jobs, but on reaching their destination, they found no employment opportunities. How the Scam Worked The affected individuals revealed that they discovered the agency through online advertisements. Convinced by its promises, they…

The mother of Benedict Kabiru, a Kenyan police officer who was reportedly killed in Haiti, has spoken for the first time, demanding clear answers from the government regarding her son’s whereabouts. Speaking to NTV on Thursday, March 27, Kabiru’s mother expressed deep concern, stating that she was officially informed by police authorities that her son was missing. This contradicts multiple reports indicating that Kabiru had lost his life in Haiti. Meanwhile, the Presidential Transitional Council (PTC) of Haiti confirmed that Kabiru was the police officer who was shot and killed on Monday, March 24, 2025, in Savien during an anti-gang…

5 Police Officers Arrested for Taking Bribes from Motorists Detectives from the Ethics and Anti-Corruption Commission (EACC) arrested five police officers on Thursday after they were caught red-handed soliciting bribes from motorists along the Kakamega-Bungoma Road in Mumias, Kakamega County. According to EACC, the officers had been demanding money from drivers under the pretense of enforcing traffic laws without actually inspecting the vehicles. Their arrest followed numerous complaints from motorists who accused them of extortion. The operation turned dramatic when one of the officers, upon realizing that EACC detectives were after him, attempted to flee on a motorcycle. However, local…

Gachagua Apologizes to Kenyans for Supporting Ruto, Accuses Him of Deception Former Deputy President Rigathi Gachagua has asked Kenyans to forgive him for backing President William Ruto in the 2022 general elections, admitting that he was also misled. Speaking to residents of Kiserian in Kajiado County on Thursday afternoon, Gachagua criticized the President, accusing him of repeatedly lying to Kenyans and failing to fulfill his promises. The former DP claimed that, just like millions of Kenyans, he too was deceived into supporting Ruto, believing he was the right leader for the country. He expressed regret for his decision and vowed…

Embakasi East MP Babu Owino has alleged that the Ethics and Anti-Corruption Commission (EACC) is planning to arrest him in what he describes as a politically motivated scheme. Speaking to the public on Thursday, March 27, Babu Owino claimed he had received credible intelligence that EACC detectives were planning to raid his office in Donholm, Nairobi. According to him, the operation could take place either this week or next week. The outspoken legislator further revealed that top government officials had recently held a secret meeting to strategize on his arrest. He believes the ultimate goal of this plan is to…

United Democratic Alliance (UDA) Member of County Assembly (MCA) Nicholas Lorot from Burat Ward is fighting for his life after being shot multiple times by an armed attacker near Trojan Petrol Station in Isiolo Town on Wednesday evening. Reports indicate that Lorot had just left a restaurant after attending a meeting with a senior official from the Isiolo County Assembly when an unknown gunman approached his vehicle and opened fire. During the attack, Lorot attempted to shield himself, resulting in the loss of his thumb as he tried to deflect a bullet with his right hand. He also sustained two…

Traders looking to profit from short-term market movements typically fall into two categories: day traders and swing traders. Both strategies focus on making gains over a shorter time frame rather than holding investments for long-term growth. However, the key distinction between them lies in the duration of their trades. Day traders buy and sell multiple stocks within the same day, closing all positions before the market closes. Swing traders, on the other hand, hold their positions for a longer period—ranging from a couple of days to several weeks—capitalizing on broader price swings. Below is a detailed breakdown of both trading…