Author: Editor

President William Ruto has announced that the construction of the Bomas International Convention Complex will commence in two weeks. The project is aimed at upgrading the facility to meet international standards and enhance its status as a world-class conferencing center. Speaking about the initiative, the President emphasized that transforming Bomas of Kenya into a top-tier convention hub is a key part of his administration’s plan to boost tourism and attract global events. “The construction of the Bomas International Convention Complex is set to begin in two weeks. This marks a major step in the government’s mission to modernize the facility…

Cryptocurrency lending has gained popularity as more people look for alternative ways to access funds without traditional banking restrictions. One common question is whether it’s possible to take a crypto loan without KYC (Know Your Customer) verification. The answer depends on the lending platform you choose. Understanding KYC in Crypto Lending KYC verification is a process used by financial institutions and crypto platforms to confirm the identity of their users. It typically requires submitting personal documents such as a government-issued ID, proof of address, and sometimes a selfie. Many centralized crypto lending platforms enforce KYC to comply with regulations and…

The Kenya Revenue Authority (KRA) has assured taxpayers that it is working on ways to ease financial pressure rather than increasing deductions from salaries. KRA Chairman Ndiritu Muriithi stated that the agency is focused on expanding the tax base to reduce the burden on workers. Speaking in an interview with NTV on March 11, Muriithi emphasized that KRA will not impose additional taxes on salaries but will instead seek alternative ways to generate revenue. “We will not increase deductions from pay slips any further. Our focus should be on reducing financial strain on salaries by broadening the tax base,” Muriithi…

Police Arrest 18 Suspects in Eastleigh Crackdown Over Tax Evasion Scheme The Directorate of Criminal Investigations (DCI) has arrested 18 individuals in Eastleigh, Nairobi, after they were caught offloading goods that had been falsely declared for export. The arrests took place on Monday evening at a godown, where detectives found the suspects unloading a consignment of fabrics that was supposed to be in transit from the Port of Mombasa to the Democratic Republic of Congo (DRC). In a statement released on Tuesday, DCI revealed that the operation was part of an ongoing investigation into organized tax fraud. According to detectives,…

UDA Gives Update on Grassroots Elections in 22 Counties The United Democratic Alliance (UDA) has provided an update on the upcoming grassroots elections set to take place in 22 counties on April 11 and 12. Following a meeting held on March 10 by the UDA National Steering Committee and the National Elections Board, National Chairperson Cecily Mbarire announced that the party had already acquired 10,000 electronic devices to facilitate the voting process. Mbarire emphasized that the elections would be conducted entirely through a digital electronic system to promote democracy and fairness. She assured party members that the system was designed…

Civilian Explains Setting Up Police Patrol Base in Uasin Gishu The civilian involved in the controversial setup of a police patrol base in Uasin Gishu County has shared more details about his actions, clearing up misunderstandings surrounding the situation. Collins, the man behind the decision to paint a building in Ndugulu Location with police colors, gave an exclusive interview to kenyans.co.ke, where he firmly denied claims circulating online that the ‘civilian patrol base’ had been operational for six months. According to Collins, the painting of the building occurred only two days before the images of the site became widely shared.…

The government has issued a response to recent claims that the Bomas of Kenya was sold to a foreign investor, following public uproar over the issue. On Sunday, former Deputy President Rigathi Gachagua made sensational allegations, asserting that the iconic Bomas of Kenya had been sold to a Turkish businessman, with Cabinet approval. His comments caused a stir, leading to widespread criticism. However, on Monday, March 10, Ummi Bashir, the Principal Secretary of the State Department for Culture and Arts, refuted these claims in a statement. Bashir firmly denied that the national heritage site had been sold, stating, “I am…

Mathare Member of Parliament, Anthony Oluoch, faced a hostile reception on Tuesday when he attempted to address his constituents in the presence of President William Ruto and other top government leaders. During a stopover in Mathare, Oluoch encountered an angry crowd that broke into loud chants of “Oluoch Must Go!” as soon as he was handed the microphone. Deputy President Kithure Kindiki had given him the opportunity to speak, but the audience quickly turned rowdy, making it clear they did not want to hear from him. A video obtained by Newshub.co.ke captured the dramatic moment as Oluoch tried to deliver…

When it comes to real estate financing, the Loan-to-Value (LTV) ratio is a crucial factor that determines how much money a lender is willing to provide and the conditions of the loan. Lenders use this ratio to assess the risk involved in funding a property purchase. For real estate investors and homebuyers, understanding LTV ratios is key to making smart financial decisions, securing better loan terms, and maximizing returns on investment. In this guide, we will explain what the LTV ratio is, how it is calculated, and why it is important in real estate financing. We will also discuss how…

What Is the Loan-to-Value (LTV) Ratio? The loan-to-value (LTV) ratio is a financial measurement used by lenders to assess the risk of a mortgage or loan before approving it. It compares the amount borrowed to the total value of the property. Loans with high LTV ratios are considered riskier for lenders, which often results in higher interest rates. If a borrower has a high LTV ratio, they may also be required to purchase private mortgage insurance (PMI). This insurance protects the lender in case the borrower fails to make payments. Key Points About Loan-to-Value (LTV) Ratio How to Calculate Loan-to-Value…