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Chaos Breaks Out as MCAs Clash During County Assemblies Forum The County Assemblies Forum (CAF) meeting held at the Kenyatta International Convention Centre (KICC) on Wednesday, February 19, turned chaotic after a heated altercation broke out among Members of County Assemblies (MCAs). Although the forum initially began in an orderly manner, tensions quickly escalated when disagreements arose over how the meeting was being managed. A section of the MCAs engaged in a physical confrontation, forcing other officials to step in and restore order. Nairobi Majority Leader at the Centre of the Chaos According to footage obtained by newshub.co.ke, the scuffle…

Civil Society Warns Murkomen Against Deploying NIS Officers to Universities Kenyan civil society groups have strongly cautioned Interior Cabinet Secretary Kipchumba Murkomen against sending National Intelligence Service (NIS) officers to universities. Their reaction comes after Murkomen, on Thursday, February 13, announced the government’s plan to deploy NIS officers to all universities in an effort to combat drug and alcohol abuse among students. Murkomen justified the move by citing a report from the National Authority for the Campaign Against Drug and Alcohol Abuse (NACADA), which found that over 50% of university students in Kenya consume alcohol and drugs. He argued that…

Waiguru Warns Mt Kenya Leaders Rushing to Gachagua’s Wamunyoro Home Kirinyaga Governor Anne Waiguru has strongly criticized Mt Kenya leaders who have been visiting former Deputy President Rigathi Gachagua at his Wamunyoro residence. Speaking on Wednesday, February 19, Waiguru cautioned these politicians, warning that their actions could come back to haunt them in the future. Addressing a gathering in Kirinyaga County, Waiguru questioned the motives of leaders engaging with Gachagua, who has taken an active role in opposing the government since his impeachment. She expressed concern that these leaders might be jeopardizing their political futures by aligning themselves with him.…

What Is an Emergency Loan?An emergency loan is a personal loan designed to provide quick financial relief for people who find themselves in urgent need of money. These loans typically offer a lump sum that must be repaid with interest over a set period. Banks, credit unions, and online lenders are some of the institutions that may offer emergency loans. Eligibility depends on your creditworthiness, and in some cases, loans are available for individuals with bad credit. Emergency loans usually have lower maximum loan amounts than other forms of borrowing. Emergency loans are created to help cover unforeseen expenses. They…

Personal loans are a type of credit where you borrow a specific amount of money and repay it in monthly installments over a set period, like three, four, or five years. The interest rate on these loans is calculated as a percentage of the amount you borrow, also known as the principal. This interest rate, typically referred to as the Annual Percentage Rate (APR), reflects the cost of borrowing money and is applied annually. APR includes the loan’s interest rate along with any fees, though it does not account for inflation or compounding. In most cases, the APR is divided…

A personal loan is a versatile financial tool that can be used for a variety of purposes, such as consolidating debt, funding home improvement projects, or covering medical expenses. Often, the interest rates on personal loans are lower than those charged on credit cards, making them a tempting option for borrowers who lack collateral. However, personal loans can still be more expensive compared to other loan types, such as home equity loans, especially if you have less-than-ideal credit. Deciding if a personal loan is the right choice for you depends on your specific needs and financial situation. Key Takeaways How…

The cryptocurrency world is constantly changing, and with it, new tools are emerging to help traders make the most of their investments. One of these tools is crypto lending. In the past, crypto traders mainly relied on platforms like Binance or Coinbase to buy and sell crypto using their own funds. However, this limited the ability of traders, especially those with smaller portfolios, to maximize their profits. This is where crypto lending comes in, offering a more efficient way for traders to grow their assets. Instead of only trading with what you already have, crypto lending allows you to take…

Bitcoin halving is an event that takes place approximately every four years, reducing the reward miners receive for verifying transactions and adding blocks to the blockchain by 50%. This halving reduces the number of new bitcoins entering circulation, making Bitcoin scarcer. If demand stays constant or increases, this scarcity can lead to higher prices. Bitcoin operates on a system where miners solve complex mathematical puzzles to add new blocks to the blockchain. The first miner to solve the puzzle gets new bitcoins as a reward. These new bitcoins are then distributed to miners, and the process continues in cycles. However,…

What Is Margin? In the world of finance, the term “margin” refers to the collateral that an investor needs to deposit with a broker or exchange to cover the risk that they may pose to the broker or exchange. The risk arises when an investor borrows money to buy financial instruments, borrows financial instruments to sell them short, or enters into derivative contracts. When an investor buys on margin, they are borrowing money from a broker to purchase an asset. The initial payment made to the broker for this purchase is known as the margin. The investor uses the securities…

Kenyans are set to benefit from a major financial breakthrough after a Credit Reference Bureau (CRB) introduced a new credit scoring system on Tuesday, February 18. The newly launched system is designed to improve access to loans, especially for those who have been struggling to secure credit due to a lack of traditional financial history. According to the bureau, the tech-driven model will combine data from both micro-lenders and conventional banks to create a more inclusive lending framework. This move comes as recent reports indicate that nearly a third of repeat borrowers in Kenya are unable to receive a credit…