Author: Editor

The Nairobi County Government has announced a reshuffle in key executive positions through a notice issued by the Head of the County Public Service Commission. The changes, which affect several officials, were made in line with Section 45(5) of the County Government Act, 2012. As part of the reshuffle, Michael Tony Kirpani has been reassigned as the Chief Officer for Social Services in Nairobi City County, taking over from Boniface Nyamu. In addition, several deployments have been made in the Security and Compliance department, following the provisions of Section 72(2) of the same Act. New Security and Compliance Appointments: The…

The Teachers Service Commission (TSC) is facing criticism from secondary school heads over the alleged mass transfer of teachers from Turkana County to Baringo County without providing replacements. Speaking to the media on Saturday, February 8, Kenya Secondary Schools Heads Association (KESSHA) Secretary Michael Ejikon strongly condemned the move, claiming that TSC had transferred over 47 teachers from various schools in Turkana without deploying new ones to fill the vacancies. Ejikon argued that the Commission had knowingly violated the law by depriving children from marginalized communities of their right to education, which is a key responsibility of the government. His…

Ruto Reappoints Former Nyeri Police Commander Adiel Nyange to Head Private Security Regulatory Authority President William Ruto has officially reappointed Adiel Nyange as the chairperson of the Private Security Regulatory Authority (PSRA) board. This decision was announced through a gazette notice dated Friday, February 7, 2025. Nyange, who previously served as the Nyeri County Police Commander, will now hold the position for a three-year term. In the notice, Ruto exercised his authority under Section 11(1)(a) of the Private Security Regulation Act, confirming Nyange’s return to the role. “In exercise of the powers conferred by Section 11(1)(a) of the Private Security…

Hedge funds have traditionally been a go-to investment vehicle for those seeking high returns while minimizing risks. These funds are often managed by financial experts, analysts, and visionary leaders who constantly seek new opportunities to stay ahead of the market. Whether led by influential figures like Ray Dalio, George Soros, or other financial moguls, hedge funds are always on the lookout for assets that can give them an edge. In recent years, cryptocurrencies like Bitcoin have caught the attention of these investment powerhouses. Despite facing extreme market volatility and scrutiny, Bitcoin has continued to grow in value, solidifying its legitimacy…

AI-powered crypto trading bots take the guesswork out of trading by automating the process. These bots rely on advanced algorithms to make trading decisions on your behalf. Whether you’re a seasoned trader or just starting, the right bot can help you take advantage of market opportunities 24/7. In this guide, we will explore five of the best AI trading bots that traders around the world trust. What Is an AI Crypto Trading Bot? An AI crypto trading bot is a software program designed to buy and sell cryptocurrencies automatically based on preset strategies. These bots analyze market trends, historical data,…

KPMG, a global audit firm headquartered in the United Kingdom, has raised concerns over the Kenyan government’s recent decision to increase National Social Security Fund (NSSF) contributions. The firm warns that this move will significantly affect salaried Kenyans, leading to lower disposable income and reduced purchasing power. In a report released on Friday, February 7, KPMG highlighted that the rise in statutory deductions would not only shrink employees’ take-home pay but also limit their ability to spend on essential goods and services. The impact is expected to be felt across various sectors of the economy as consumer spending declines. The…

The Central Bank of Kenya (CBK) has reported a drop in global oil prices ahead of the Energy and Petroleum Regulatory Authority’s (EPRA) scheduled fuel price review on February 14. In its weekly bulletin released on Friday, February 7, CBK highlighted a notable decline in international crude oil prices. According to the report, Murban oil prices fell from Ksh10,131 per barrel on January 30 to Ksh9,916 per barrel on February 6. The decline in oil prices is largely attributed to major oil-exporting countries ramping up their crude production, ensuring a steady supply to importing nations. Typically, fluctuations in global crude…

KDF Officer Stabbed to Death in Confrontation Outside Likoni Hospital Authorities have launched a manhunt for two suspects accused of fatally stabbing a Kenya Defence Forces (KDF) soldier during a confrontation outside a hospital in Likoni, Mombasa County. The incident occurred on Thursday night, leaving the officer dead while his attackers fled the scene. The victim, identified as Dennis Wesonga from the Kenya Navy in Mtongwe, had visited the private hospital alongside friends to see a female patient admitted there. However, an argument broke out among them, escalating into a heated exchange. Hospital security intervened and asked them to leave…

What Is an Institutional Investor? An institutional investor is a company or organization that invests money on behalf of others. Examples include mutual funds, pension funds, insurance companies, and hedge funds. These investors often buy and sell large amounts of stocks, bonds, and other financial assets, making them the dominant players in the market. Due to their significant influence, they are sometimes referred to as the “whales” of Wall Street. Institutional investors are generally regarded as more knowledgeable and experienced than retail investors. In some cases, they are subject to fewer regulations because they are expected to understand the risks…

What Is High-Frequency Trading (HFT)? High-frequency trading (HFT) is a specialized form of trading that uses advanced computer programs to process a massive number of transactions in mere fractions of a second. This trading strategy relies on complex algorithms to analyze multiple markets and execute orders at lightning speed based on real-time market data. In the world of HFT, speed is a crucial factor. Traders who can execute orders the fastest generally have a competitive edge over those with slower execution times. High-frequency trading is often associated with extremely high turnover rates and a large number of orders relative to…