NAIROBI, KENYA—The Central Bank of Kenya (CBK) announced today that it has hired two construction companies to oversee the controlled demolition of the shilling, the national currency of Kenya. This comes at a time when CBK is implementing its strategic plan, part of which involves devaluing the shilling to boost the economy. The CBK said […]
In a controversial move, Kenya Airways has decided to charge passengers based on the combined weight of their body and luggage. The airline says that this will help save fuel and reduce greenhouse gas emissions, as well as motivate passengers to pack less. The new policy, which will start from November 1, 2023, will require […]
Kenya is set to become the first African country to launch its own cryptocurrency, the KenCoin, which will be backed by the country’s natural resources and human capital. The KenCoin will be a digital currency that will operate on a blockchain platform, allowing for fast, secure, and transparent transactions. It will be pegged to the […]
The Government of Kenya is planning for a national fundraiser to resolve the liquidity crisis that has rocked the East African nation and left civil servants with no salaries and suppliers unpaid. Speaking to hunger stricken civil servants, deputy president Rigathi Gachagua announced that plans were at an advanced stage to register a Paybill number […]
Times are tough, so you need to be tougher to survive. He is how? Walk to Work I know we are making an assumption that you actually have a job, and that job is not in your house. Have you ever considered walking to work? It would save you that little money you spend on […]
An unlikely victim of inflation and the high cost of living is a familiar figure – roaches. With food rationed and leftovers vanishing, cockroaches have now been forced to work for their living, a change that many are unable to adapt to. Entomologists now warn that it might be a few years before we see […]
President William Ruto has ordered the Kenya Revenue Authority to find a meaningful side hustle to earn money instead of milking hustlers dry through unending taxes. Speaking after receiving the treasury’s handover report, Ruto noted that KRA had been increasing its revenue target without any plan on how to raise the additional revenue, except to […]
In 2021, a white man armed with $1m set out to discover cheap foods in Kenyans. Due to cultural blindness, he couldn’t find any, so he decided to invent the cheap food for Kenyans. The result? Roadside food vendors armed with nothing but cooking pans launched a counter attack. 10 months later, the white man […]
Last week, a looming PSV strike in Kenya to protest the price of fuel was cancelled just before it was announced. That is unusual because in a country of dynasties who own guzzlers and hustlers who are sensitive to cost of living, this should have been the mother of all riots. However, it has now […]
Kenya Power has called on Kenyans who cannot afford petrol to consider using electric cars as their primary means of transport. Seeking to cash in on the high fuel prices, Kenya Power said that electricity prices are fairly stable and those complaining should take action and use electric cars. “Complaining never makes anything better. Just […]
