How Kenyan farmers’ demand for fast, reliable insurance positioned blockchain as next big thing in financial world
People stand in front of the Blockchain Hub Davos 2023 at the Promenade road during the World Economic Forum (WEF) 2023, in the Alpine resort of Davos, Switzerland, on January 18, 2023. Credit: Reuters
Kenya and IMF nearing $3.6 billion loan deal as the lender awaits Nairobi’s staff layoff proposal
Kenya’s government has asked the IMF to conduct an official assessment of corruption and governance issues. While not directly linked to the next disbursement, the assessment is an attempt to build goodwill with the Fund as it tries to get finances back on track.
Three troops injured in Hezbollah attack on Israeli soldiers as US president plans call with PM Netanyahu
Rockets are launched from Lebanon towards Israel, amid cross-border hostilities between Hezbollah and Israel, as seen from northern Israel, October 8, 2024. Credit: Reuters
Kenya’s parliament overwhelmingly votes to impeach deputy president
President William Ruto has yet to publicly comment about the impeachment but is on record in the earlier days of his presidency saying he would not publicly humiliate his deputy, alluding to the troubled relationship he had with his predecessor, Uhuru Kenyatta, during their second term in office.
Haiti faces renewed violence as gangs recruit children, UN delays deployment of peacekeepers
Boys are often used as informants, trained to use weapons and ammunition, and deployed in clashes against the police, HRW said. It cited the case of a boy called Michel, an orphan who was recruited six years ago when he was eight years old and living on the streets and was given a loaded Kalashnikov.
Central Bank of Kenya slices main lending rate to 12 per cent to stimulate credit to private sector
The bank cut its growth forecast for 2024 to 5.1 per cent from 5.4 per cent following slower growth in the second quarter, which came in at 4.6 per cent year-on-year from 5.6 per cent in the same quarter a year earlier. But it expects the economy to grow 5.5 per cent in 2025.
Kenya’s national assembly impeach deputy president, his fate now lies in the hands of senate
President William Ruto dismissed most of his cabinet and brought in members of the main opposition following nationwide protests against unpopular tax increases in June and July in which more than 50 people were killed. On Tuesday evening, Gachagua urged lawmakers to “search your conscience” before voting.
