Economics

Kenya to File for Bankruptcy

Kenya is set to become the first country in modern history to file for bankruptcy after the interest accrued from current loans exceed the revenue collected by the government. The situation means that by 2022, all the revenue collected by the government will not be sufficient to pay the interest from the existing loans, leave

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Economics

IMF Under Pressure Agrees to Take Brookside Dairy as Collateral for GoK Loan

Kenyans on Social Media have successfully forced IMF to use Brookside Dairy as a collateral for the loans they are about to lend Kenya. Following thousands of appeals on their Social Media page, IMF said that any money they lend to Kenya will be secured using the dairy processing firm owned by the president. Should

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Economics Social

Introverts Spend 11.9 Days in The Toilet Every Year

A silent pandemic that is robbing humanity of its productivity is the huge amount of time spent by introverts in the toilet every year. Research by the Geneva based Institute of Human Existence shows that on average, introverts spend 47 minutes in the toilet every day, translating to 11.9 days every year. This is a

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Economics

Kenya Power Seeks Monopoly of Electric Vehicle Charging in Kenya

Kenya Power has sought a monopoly for charging all electric vehicles in Kenya, setting the stage for tears and pain in the future of transport in Kenya. The electric utility firm that is known for daily reminding Kenyans that it exists wants to have control of all charging of electric vehicles in Kenya, raising questions

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Economics

Elsa Majimbo joins PostaMate Board as a Non-Executive Director

The PostaMate Media Board of Directors has appointed Elsa Majimbo as an independent non-executive director with effect from March 1, 2021, tapping into her vast experience in corporate satire. The 19-year-old Kenyan internet comedienne will work alongside biggest names in the Media Industry and will be responsible for shaping the strategic direction of the Media

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Economics

Central Bank of Kenya Announces Switch to Bitcoin

The Central Bank of Kenya has announced an ambitious plan to switch to Bitcoin as a blanket move to solve thousands of problems facing the country. Noting that systemic fiscal and monetary challenges had made it hard for Kenya to develop, Central Bank Governor Patrick Njoroge said that using Bitcoin would help cushion Kenya from

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Economics

Graduate Engineers will No Longer Pay Tax in Kenya

Graduate Engineers in Kenya will be laughing all the way to the bank after recent change of the Pay as You Earn Tax policy will see them exempted from paying the dreaded income tax. The new guidelines will see all the graduate engineers become the envy of other professions such as the medics, accountants, teachers

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Economics

Two Kenyan Teachers Set to Win Another Coveted Global Award

Barely a year after Mwalimu Mr. Peter Tabichi won the Global Teacher Prize 2019, another set of teachers have been nominated for the global award. This is after a video of 2 teachers sharing a class in Serian Primary School, Baringo County emerged and trended on social media. In the video, class 8 and PP1

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Economics

Robbers Raid Nairobi Stock Exchange, Make Away With Unknown Number of Shares

While the rest of the world was busy welcoming the new year as best as it could amidst the coronavirus restrictions on parties, gatherings and night curfew, in the Kenyan capital a group of robbers had more nefarious intentions up their sleeve. In a daring heist reminiscent of a Hollywood movie, thieves taking advantage of

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