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Prices Set to Rise as Government Introduces New Fees for Manufacturers and Importers The cost of various goods in Kenya is expected to increase after the government introduced new registration and licensing fees for manufacturers, importers, and brand owners. The new charges were announced by Environment Cabinet Secretary Aden Duale under the Sustainable Waste Management and Extended Producer Responsibility Regulations 2024, which were officially published on Tuesday, February 18. These fees are likely to affect production costs as well as the price of imported goods, leading to higher retail prices for consumers. New Rules Hold Producers Responsible for Waste Management…

Authorities in Kenya have successfully thwarted an attempted kidnapping of foreign nationals by suspected Al Shabaab operatives. A Somali national, who had disguised himself as a Kenyan citizen, was arrested alongside a Kenyan accomplice in Mandera County. The 29-year-old suspect had illegally entered Kenya from El-Ade, Somalia, and had falsified identification documents to pass as a Kenyan. Investigators from the Directorate of Criminal Investigations (DCI) revealed that the suspect had teamed up with a local associate to orchestrate a cross-border abduction. According to intelligence reports, the duo had planned to kidnap foreign workers employed at a sewer line construction site…

Kiambu County Senator Karungo Wa Thang’wa was the first to break the news on Tuesday morning, sharing an update on social media. He posted, “DCI at it again. They have arrested Juja MP George Koimburi. Reason? They are yet to say!” Speaking to Newshub.co.ke, Thang’wa confirmed that the Juja lawmaker had been intercepted by detectives from the Directorate of Criminal Investigations (DCI) while heading to Parliament on Tuesday morning. The senator revealed that Koimburi had called him as he was being taken to the DCI Headquarters along Kiambu Road. However, the MP had not been informed why he was being…

Malava MP Moses Malulu Injendi Passes Away After Weeks in ICU Malava Member of Parliament, Moses Malulu Injendi, has died after battling health complications for several weeks. His death was confirmed on Monday, February 17, 2025. The lawmaker had been receiving treatment in the Intensive Care Unit (ICU) before he succumbed to his illness. Although the exact cause of his death has not been made public, sources indicate that he had been struggling with breathing difficulties in the days leading up to his passing. National Assembly Speaker Moses Wetang’ula officially announced Injendi’s death, describing him as a dedicated and hardworking…

During the African Union (AU) summit in Addis Ababa, Ethiopia, former Kenyan Prime Minister Raila Odinga vied for the position of Chairperson of the African Union Commission (AUC). Despite a vigorous campaign, Odinga was defeated by Djibouti’s Foreign Minister, Mahamoud Ali Youssouf, who secured the role after seven rounds of voting. The election also featured Madagascar’s former Foreign Minister, Richard Randriamandrato, as a candidate. Odinga’s bid was marked by significant diplomatic efforts, including support from at least 28 African nations and active backing from Kenyan President William Ruto, Prime Cabinet Secretary Musalia Mudavadi, and over 100 Members of Parliament who…

In a significant political development, Djibouti’s Foreign Minister, Mahmoud Ali Youssouf, has been elected as the new Chairperson of the African Union Commission (AUC), succeeding Moussa Faki of Chad. This election, held during the AU summit in Addis Ababa, saw Youssouf defeat notable figures, including Kenya’s former Prime Minister, Raila Odinga, and Madagascar’s ex-Foreign Minister, Richard Randriamandrato. Youssouf is set to serve a four-year term, during which he will address pressing continental challenges such as military coups in West Africa and ongoing conflicts in regions like eastern Congo. Raila Odinga’s bid for the AUC chairmanship was anticipated to be a…

A crypto-backed loan allows borrowers to use their cryptocurrency holdings as collateral to secure a loan, typically in fiat currency or stablecoins. These loans are offered by crypto lending platforms and can be an alternative to traditional bank loans. Pros of Taking a Crypto-Backed Loan 1. Access to Liquidity Without Selling Crypto 2. No Credit Check Required 3. Fast Approval and Disbursement 4. Lower Interest Rates Compared to Unsecured Loans 5. Flexible Loan Terms 6. Tax Benefits Cons of Taking a Crypto-Backed Loan 1. Risk of Liquidation Due to Volatility 2. Over-Collateralization Requirement 3. Limited Availability and Regulation 4. High…

ChainGPT has been gaining popularity in the crypto space, making many investors eager to learn how to buy it on major exchanges like Binance and Bybit. Powered by an advanced language model, CGPT is designed to simplify complex crypto-related tasks, including contract analysis and automated trading signals. By integrating AI with blockchain, ChainGPT contributes to the growth and efficiency of the crypto ecosystem. If you’re considering investing in CGPT, getting in early could be a smart move, especially if you believe in the long-term potential of AI-driven blockchain solutions. Since it is available on well-established exchanges, understanding the simple steps…

Key Takeaways How to Borrow Against Bitcoin Safely and Profitably If you’ve ever wondered how to use your Bitcoin to secure a loan without actually selling it, you’re not alone. The idea of leveraging BTC while maintaining ownership can feel like unlocking hidden financial potential. Leading crypto platforms, including Binance and KuCoin, provide options that allow you to borrow money using your Bitcoin as collateral. This strategy is particularly beneficial if you need quick funds but still want to hold onto your BTC, especially if you believe its value will increase over time. In this guide, we’ll break down everything…

Key Takeaways: Coinbase Introduces Bitcoin-Backed Loans If you have bitcoin (BTC) in your Coinbase account, you may now have the option to use it as collateral to borrow funds. On Thursday, Coinbase announced a new lending service that enables users to secure a loan in USD Coin (USDC) without having to sell their bitcoin. According to Coinbase, the borrowed USDC can be easily converted into U.S. dollars at a 1:1 ratio without fees. This means users can use the funds for significant expenses like purchasing a vehicle or making a mortgage down payment. While the feature is integrated into the…