Author: Editor

President William Ruto has appointed Habil Olaka, the former CEO of the Kenya Bankers Association (KBA), to lead the Hustler Fund, which is also known as the Financial Inclusion Fund. This appointment, made through a gazette notice, sees Olaka take over the leadership of the Fund, which has already distributed Ksh62 billion to over 22 million Kenyans as of January 2025. The gazette notice, issued by President Ruto, reads, “In exercise of the powers conferred by Regulation 10 (1) (a) of Public Finance Management (Financial Inclusion Fund) Regulations, as read together with section 51 (1) of the Interpretation of General…

Cryptocurrency loans are a great way to leverage your digital assets without having to sell them. Many crypto loan providers offer competitive interest rates, but when it comes to securing a loan, the fees involved can significantly impact your overall costs. In this article, we’ll explore some of the best crypto loan providers with the lowest fees, helping you make an informed decision on where to borrow against your crypto assets. 1. BlockFi BlockFi is one of the most reputable crypto loan providers in the market. It offers competitive rates, with loan fees that are relatively low compared to other…

As of January 2025, the average interest rate for personal loans stands at 25.85%. This figure is derived from data collected over four weeks, analyzing rates quoted by 17 lenders to about 72,000 potential borrowers. While 25.85% is the average rate, the rate you receive could be higher or lower depending on several factors, such as your credit score, financial stability, and the loan terms. Personal loan interest rates can vary significantly, with APRs ranging from as low as 5.99% to as high as 295%. However, most lenders tend to cap their APRs below 36%. Below is a breakdown of…

When you’re in need of financial assistance, there are different loan options to consider. A payday loan might seem like an easy solution if you need a small amount of money and are confident you can repay it by your next paycheck. However, a personal loan could be a better choice, even though it involves a more thorough application process. This type of loan offers larger amounts, lower interest rates, and a longer time frame for repayment. Both payday loans and personal loans share common features, like borrowing money for a set period at a specific interest rate, with repayment…

Can You Get a Crypto Loan with No Collateral? In recent years, cryptocurrency has opened up new financial possibilities, and one area that has garnered attention is crypto loans. These loans allow you to borrow funds using your cryptocurrency holdings as collateral. However, what if you don’t have any crypto to use as collateral, or simply don’t want to risk your assets? Is it possible to get a crypto loan with no collateral? What is a Crypto Loan? A crypto loan is a type of loan that allows you to borrow money by using your cryptocurrency as collateral. Crypto loans…

Crypto loans are transforming the world of finance by enabling individuals to borrow money using their cryptocurrency holdings as collateral. Unlike traditional loans, crypto loans offer faster approvals, global accessibility, and don’t require a credit check. This novel lending system is becoming increasingly popular on crypto exchange platforms, especially among those who wish to access cash without needing to sell their cryptocurrency. This guide will help you understand how crypto loans work, their benefits, the risks involved, and what you should look for when selecting a reliable crypto exchange platform development company to create a secure and efficient crypto lending…

US Senator Accuses Kenya of Supporting Sudan’s RSF Amid Growing Controversy The Chairman of the US Senate Foreign Relations Committee, Senator Jim Risch, has accused Kenya of enabling genocide in Sudan, escalating tensions over Nairobi’s decision to allow the Rapid Support Forces (RSF) to operate from Kenya. The RSF, a paramilitary group engaged in a brutal civil war against Sudan’s national army, is fighting for control of the resource-rich country. In a statement on X, Senator Risch criticized President William Ruto’s government, accusing it of legitimizing the RSF. “Last year, I led efforts in Congress to recognize RSF-led atrocities in…

The Permanent Secretary (PS) for Public Health, Mary Muthoni, has called on key stakeholders to come together and address the challenges facing the Social Health Authority (SHA) in an effort to improve its services. Her appeal comes shortly after the Rural and Urban Private Hospitals Association of Kenya (RUPHA) announced plans to suspend treatment for patients covered under SHA. This drastic decision follows the government’s failure to settle payments for services rendered by private hospitals, some of which date back to 2017. According to RUPHA, hospitals have gone unpaid for over 11 months, putting them in financial distress. The association…

Missing Nairobi County Intern Found Dead After 23 Days Elvis Munene, a 19-year-old intern at Nairobi City County’s IT department, was found dead at Kenyatta National Hospital (KNH) on Thursday, 23 days after he was reported missing. Munene had disappeared on January 29, leaving his family desperate for answers. Despite their repeated public appeals for information, they only discovered his whereabouts after his death. What Happened on the Day He Went Missing? On the day Munene vanished, he had left his workplace at City Hall Annex and headed toward Nairobi’s Central Business District (CBD) to run some errands before going…

The Kenyan government is set to receive a Ksh193 billion loan from the United Arab Emirates (UAE) by the end of next week, according to reports. The loan, which was negotiated last year, is valued at $1.5 billion and carries an interest rate of approximately 8.2 per cent. According to Bloomberg, the funds are expected to be deposited into the government’s accounts in the last week of February. This financial boost comes at a critical time for President William Ruto’s administration, which is struggling to cover budget deficits in several key sectors. Initially, there were discussions about disbursing the loan…