Author: Editor

United States President Donald Trump has directed his government to impose fresh tariffs on countries that charge Value Added Tax (VAT) on imports, a move that could significantly affect Kenya’s economy. Trump announced the decision in a post on X, instructing key government officials, including the Secretary of State, the Secretary of Commerce, the Secretary of the Treasury, and the United States Trade Representative (USTR), to explore ways of implementing the new tariffs. According to Trump, the VAT system used by many countries, including Kenya, is unfair to American exports. He argued that when goods from the US are sent…

Schools in Turkana County Face Disruptions Over Delayed Government Funds Headteachers in Turkana County have warned that they may shut down schools and disrupt learning if the government fails to release sufficient funding. Speaking to the media on Tuesday at noon, Raphael Lotum, the Chairperson of the Kenya Secondary School Heads Association (KESSHA) in Turkana, revealed that many schools in the region are struggling with huge debts due to inadequate and delayed capitation funds. He explained that the prolonged delays in disbursing government funds have left school heads with no choice but to consider closing down schools and sending students…

Chaos in Tigoni as Youth Protest Alleged Land Grabbing, Block Road There was chaos in Tigoni, Kiambu County, after a group of enraged youth stormed a construction site, protesting against what they claimed was an attempt to grab land meant for a higher learning institution. The demonstrators, mainly students from YMCA College, destroyed several structures on the site, arguing that a private developer was trying to take over the 61-acre piece of land, which had been set aside for educational purposes. In their efforts to stop the takeover, the youth forcefully pulled down a perimeter wall that had been erected…

Nakuru Governor Susan Kihika has been sentenced to six months in prison for contempt of court after failing to follow a court order issued against her. The governor, along with the CEO of Nakuru Water and Sanitation Services Company, was given the option to serve the jail term or pay a Ksh 2 million fine for their involvement in the illegal disposal of waste into Lake Nakuru. The ruling came from Justice Antony Omwayo of the Environment and Land Division, who determined that both the governor and the CEO had disregarded a court order issued on September 26 of the…

In this article, you’ll explore: You may have noticed in our crypto lending platform review that we show terms like “Shrimp” and “Whale” for each crypto savings account and the “base” and “minimum” rates for crypto-backed loans. The gap between these rates can be considerable. The reason for these differences lies in the variety of investment options that crypto lending platforms offer. Each option carries its own interest rates, which means there’s no such thing as a “one-size-fits-all” rate. Similar to how traditional banks work, crypto lending platforms allow you to optimize your yield depending on your risk appetite. If…

In recent years, crypto loans have gained popularity as a way to borrow funds using cryptocurrency as collateral. Just like traditional loans, the interest rate plays a significant role in determining the overall cost of borrowing. Understanding crypto loan interest rates can help you make informed decisions and secure the best deal possible. What Are Crypto Loans? Crypto loans are a form of secured lending where you borrow money by pledging your cryptocurrency as collateral. These loans are typically offered by online platforms, also known as crypto lenders, which evaluate the value of your crypto assets and provide a loan…

In today’s rapidly evolving financial landscape, cryptocurrencies have introduced new possibilities, one of which is the option to secure loans using crypto as collateral. Traditionally, loans have been linked to bank accounts, requiring borrowers to provide personal information and credit histories. However, the rise of decentralized finance (DeFi) and crypto lending platforms has made it possible to access loans without the need for a bank account. But how does it work, and what should you consider before taking a crypto loan? Let’s dive into the details. What is a Crypto Loan? A crypto loan is a loan where the borrower…

Title: Best Crypto Loan Apps for iOS and Android Introduction In the world of cryptocurrency, one of the latest innovations is the ability to secure loans using your crypto assets as collateral. This has opened up new avenues for users to access liquidity without selling their holdings. Whether you’re an iOS or Android user, several crypto loan apps are now available to help you access instant loans. In this article, we will explore the best crypto loan apps available for both platforms, offering features, benefits, and user experience. 1. Nexo Platform: iOS, AndroidKey Features: Why Nexo?Nexo offers one of the…

Kenyans planning to build homes or engage in construction activities may soon face higher costs for materials, particularly sand. This comes after the government introduced new regulations aimed at controlling the harvesting and transportation of sand, a critical resource for construction projects. On Tuesday, February 18, Environment Cabinet Secretary Aden Duale announced the publication of the Sand Harvesting Regulations, 2024. These new rules are designed to promote the sustainable use of sand while ensuring environmental protection. As part of the regulations, anyone wishing to harvest or transport sand will now be required to obtain a permit from the National Environment…

Kenyans Urged to Claim Ksh82 Billion in Unclaimed Financial Assets Kenyans have been urged to collect their unclaimed financial assets as the Unclaimed Financial Assets Authority (UFAA) faces an overwhelming Ksh82 billion in unclaimed funds. The UFAA has called on those who have not yet claimed their financial assets to visit their offices and collect the money, as there is growing pressure to distribute the funds before the deadline passes. “We are asking the rightful owners of this Ksh82 billion to come forward and claim their money. Our main responsibility is not just to hold onto these funds but to…