Author: Journalist Benedict

Decentralised Finance (DeFi) and synthetic lending are transforming the traditional financial landscape. These innovations are opening up fresh opportunities for finance professionals, offering more control, transparency, and efficiency than conventional financial systems. DeFi relies on blockchain technology and smart contracts to eliminate middlemen like banks, while synthetic lending allows for the creation and exchange of digital assets that mimic real-world financial instruments. With DeFi projected to reach $64.9 billion in revenue by 2027, growing at a 14.40% compound annual growth rate (CAGR) from 2023 to 2027, the demand for skilled professionals in this field is rising rapidly. For finance experts,…

Introduction Aarav never imagined that getting a loan could become so simple. He owns a small electronics shop in Mumbai and, for years, struggled with the slow and complicated world of traditional banking. Every festive season, the demand for electronics like smartphones and TVs would skyrocket, and he’d urgently need extra capital to increase his stock. But getting a loan during these peak periods was a frustrating process. Previously, Aarav would spend days going from one bank branch to another, carrying thick files of documents — income statements, tax returns, GST records, and various identity proofs. And then came the…

Education Cabinet Secretary Julius Ogamba has come out to firmly deny claims that the government has scrapped funding for free primary and secondary education in Kenya. Speaking to the media on Saturday, July 26, Ogamba clarified that while there have been reductions in capitation, the free education program remains in place. He explained that the government had only adjusted the capitation amount due to financial challenges in the current 2025/2026 budget cycle. According to Ogamba, the rising number of students enrolling in schools has put extra pressure on the existing funds. Despite these difficulties, he emphasized that the government is…

The Directorate of Criminal Investigations (DCI) has reportedly said it cannot take up the case of missing Kenyan activist Mwabili Mwagodi, claiming the matter falls outside its legal reach. Mwagodi, who is well known for his outspoken online activism, was allegedly abducted in Tanzania’s capital, Dar es Salaam, on Wednesday, July 23, according to Amnesty International Kenya. He had been living part-time in Tanzania while working for a hospitality company. Since the reported abduction, he has remained unreachable, and his whereabouts are still unknown. His family and close friends have been desperately seeking answers about what happened, but their efforts…

Around 60 suspected Al Shabaab fighters are believed to have launched a terrifying nighttime assault on Basuba village, which lies deep inside the notorious Boni Forest region of Lamu County. Eyewitnesses say the heavily armed militants stormed the quiet village on the night of Friday, July 25, at around 9 p.m., firing shots wildly and forcing residents to flee for their lives. The attackers moved from house to house, creating panic and confusion among the locals, many of whom were caught off guard and unable to call for help due to the remote location. In a brazen move, some of…

Kenya is preparing for a major milestone in its football history as it gets ready to make its first-ever appearance in the 2024 African Nations Championship (CHAN). This tournament, held every two years, will feature 19 teams and is exclusively for players who play in their country’s domestic leagues—making it a true test of local talent across the continent. Under the leadership of head coach Benni McCarthy, the Harambee Stars are determined to shine and leave a strong impression. CHAN 2024 is jointly hosted by Kenya, Uganda, and Tanzania. The tournament officially kicks off on Saturday, August 2, at the…

A massive fire broke out in Kitengela town, Kajiado County, on the night of July 25, 2025, causing huge damage and destroying property believed to be worth millions of shillings. Several businesses and structures were reduced to ashes, leaving traders in deep shock and counting heavy losses. According to initial reports, the fire started around 7:00 PM inside a plastic shop located along the busy Nairobi-Namanga Road. Witnesses said they heard loud bangs or explosions just moments before the flames erupted and quickly spread to nearby buildings. “We heard a loud spark and then saw thick smoke rising from the…

Former Deputy President Rigathi Gachagua has raised serious concerns over how funds meant for the education sector are being used by the current administration. While speaking during a recent visit to the United States, Gachagua accused President William Ruto and his Deputy Kithure Kindiki of mismanaging and redirecting money that should be helping Kenyan students. Gachagua reminded Kenyans that Ruto had once promised, during his time as Deputy President, to expand the free education program to include all secondary school students. However, Gachagua now questions why the President has backtracked on that pledge and is seemingly doing the opposite of…

Police in Trans Nzoia Recover Loaded G3 Rifle Following Employer’s Tip-Off A major security incident was narrowly avoided in Trans Nzoia County after police discovered a powerful G3 rifle hidden at a local workplace. The discovery was made possible after a vigilant employer raised concerns about one of their employees, triggering swift action from the authorities. The National Police Service (NPS) confirmed the incident on Saturday, July 26, 2025. According to their report, the recovery followed a tip-off received the previous day at Maili Saba Police Station. The employer had grown suspicious that their staff member was secretly keeping an…

Sugarcane farmers in Kenya have a reason to smile after the government announced yet another increase in the official sugarcane prices. The minimum price per tonne of sugarcane has been revised upwards from Ksh5,500 to Ksh5,750, giving growers a much-needed financial boost. This adjustment follows a previous price hike in May, where the government raised the rate from Ksh5,250 to Ksh5,500 per tonne. The price increase was approved by the 4th Interim Sugarcane Pricing Committee, which reviewed the average factory price of sugar between April and June 2025. The committee agreed on an additional Ksh250 per tonne, and the new…