Author: Editor

Former Kiambu Governor Ferdinand Waititu has been convicted in a long-running corruption case involving Ksh588 million. The Milimani Anti-Corruption Court, presided over by Chief Magistrate Thomas Nzioki, found Waititu guilty of two key offences related to misuse of public office and fraudulent dealings. The court ruled that Waititu, along with his co-accused, committed multiple crimes, including conflict of interest, awarding tenders without County Assembly approval, and forging documents. Among those charged alongside him is his wife, Susan Wangari. During the court session on Wednesday, Magistrate Nzioki delivered the verdict, confirming that Waititu was guilty of conflict of interest and handling…

200 Electric Meters Stolen or Vandalized in Machakos County The Machakos Department of Energy has reported that 200 electric meters belonging to public institutions within the county have either been stolen or vandalized. This revelation came after energy officials conducted inspections following complaints from residents about frequent power outages in various areas. According to Simon Kirima, the Machakos County Chief Officer of Energy, the department manages a total of 1,800 electrical meters across the county. However, during the recent inspections, officials discovered that 200 of these meters had either been stolen or deliberately damaged. Some of the stolen meters were…

KRA Dismisses 19 Employees in Crackdown on Corruption The Kenya Revenue Authority (KRA) has fired 19 employees between October and December 2024 as part of an intensified effort to root out corruption from the tax body. This action was taken in the second quarter of the 2024/2025 financial year and is part of a broader initiative to uphold integrity within the authority. A detailed report released by KRA outlined the various steps taken to combat graft and strengthen accountability. The latest dismissals represent a sharp rise compared to the same period in the previous financial year, where only nine employees…

Nairobi Traders Protest Against Rising Insecurity and Drug Dealers in Dagoretti Market Traders at Dagoretti Market in Nairobi took to the streets on Monday, bringing business to a standstill as they protested against the growing presence of drug dealers in the area. The traders expressed deep concern over the rising insecurity, blaming drug peddlers for the increase in crime and disorder. As they lit bonfires and blocked roads within the busy market, the business owners called on the government to take action and remove the drug dealers from their community. They argued that the presence of these criminals had made…

Nominated Senator Gloria Orwoba has asked her fellow lawmakers in the Senate to forgive her for the misconduct that led to her suspension from the House. As she exited the Senate following Deputy Speaker Murungi Kathuri’s communication on the enforcement of her suspension, Orwoba admitted that she had learned valuable lessons from the experience. She assured her colleagues that she would conduct herself better once she is allowed back in the House. “I sincerely apologize to all Members of this House and the parliamentary staff who may have been offended by my actions while I was performing my oversight duties.…

The ongoing dispute over which coalition holds the majority in the National Assembly, which led to chaos during Tuesday’s parliamentary session, is expected to be resolved today, Wednesday. Speaker Moses Wetang’ula has affirmed that Parliament cannot be subjected to an injunction and assured legislators that he will make a final ruling on the matter. The National Assembly turned chaotic on Tuesday when members of the Azimio coalition, including both MPs and Senators, stormed the majority side of the chamber, disrupting proceedings. Led by Suna East MP Junet Mohammed, the opposition demanded that Parliament adhere to a recent High Court ruling,…

The Kenya Union of Clinical Officers (KUCO) has called for the arrest of Kirinyaga Governor Anne Waiguru for failing to reinstate 49 clinical officers, despite court orders directing their return to work. Speaking on Tuesday, KUCO Chairperson Peterson Wachira and Secretary General George Gibore accused the governor of contempt of court, stating that her continued refusal to comply with legal directives showed blatant disregard for the law. The union leaders emphasized that both the court and the Public Service Commission (PSC) had issued clear orders requiring Waiguru to reinstate the officers. However, she has allegedly ignored these directives. “This is…

Kenyans should prepare for a major increase in the prices of several essential food commodities starting this February, according to a new report by the Central Bank of Kenya (CBK). The Agriculture Sector Survey, released on Tuesday, February 11, revealed that the prices of cereals and related food products are expected to go up for the second month in a row. The survey gathered data from various wholesale and retail markets, as well as selected farms across the country. Besides cereals, the report also pointed to a likely increase in the prices of vegetables such as kale, cabbages, spinach, and…

Making money by trading stocks or other assets often depends on spotting and following trends. However, one of the biggest risks for traders is getting caught in a market reversal. A reversal happens when the price trend of a stock or asset suddenly changes direction. Recognizing the signs of a potential reversal can help traders decide when to exit their positions to avoid losses. At the same time, these signals can also be used to spot new trading opportunities, as a reversal could lead to a fresh trend forming. In his book The Logical Trader, Mark Fisher presents several methods…

The cryptocurrency market is known for its extreme volatility, making it crucial for traders and investors to identify market reversals early. Spotting a market reversal before the crowd can give you a competitive edge, helping you enter or exit positions at the right time. Here’s how you can detect a crypto market reversal before everyone else. 1. Understand Market Cycles Cryptocurrency markets move in cycles, typically consisting of accumulation, uptrend, distribution, and downtrend phases. Recognizing these phases helps predict when a trend might reverse. For example, a prolonged accumulation phase could signal the beginning of an uptrend, while a distribution…