Stima Plaza, Kenya Power’s Head Office, has launched multi-million solar power project in an attempt to cut costs and ensure that operations are not affected by power cuts. Speaking during the commissioning of the project that is being done by a Chinese contractor, Kenya Power CEO said that Solar Power was part of their long-term […]
Economics
Uhuru: Marriage Between Kenyans Prohibited to Curb Poverty
The government of Kenya has announced plans to curb marriage between any two Kenyans as a poverty mitigation strategy. President Uhuru Kenyatta announced that marriages between Kenyans were contributing to misery and poor mental health for the country since two poor people getting married only results in compounded poverty, which is still poverty, albeit, worse […]
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 […]
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 […]
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 […]
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 […]
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 […]
How to Convert your HELB Loan into a Grant
Comrades have been asking, and we are obliged to answer. At a time when existing loans are being turned into grants, how can you turn your HELB loan into a grant? Until the other day, this was almost impossible. However, the Building Bridges Initiative has changed the story. You can now turn your HELB loan […]
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 […]
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 […]