Kenya Financial News

Rishi Sunak has sacked Home Secretary Suella Braverman after she came under attack for writing an article in the 'Times'. In the article, the Indian-origin MP criticized what she called «pro-Palestinian mobs» and wrote that protest scenes were «disturbingly reminiscent» of those seen in Northern Ireland. Braverman also criticized the Met Police for a «double standard» over their handling of protests. Quitting her office, the Tory MP said it was «the greatest privilege of my life to serve as home secretary». James Cleverly has replaced her.

EA YONG, Vietnam—In the verdant highlands of central Vietnam, warehouses the size of airplane hangars dominate small farming towns, bristling with mounds of tropical fruit. The bounty is destined for a colossal market: China. Farmers are felling coffee trees traditionally grown in this cool hilly region to plant spiky durians, pungent fruits that have become wildly popular in China.

Somalia and neighbouring countries in East Africa following a historic drought as a once-in-a-century event. Around 1.6 million people in Somalia could be affected by the heavy seasonal downpours, which have been worsened by the combined impact of two climate phenomenons, El Niño, and the Indian Ocean Dipole, the UN Office for the Coordination of Humanitarian Affairs (OCHA) said in a statement late on Thursday.

royal family members such as Kate Middleton, Queen Camilla, Meghan Markle, and Prince Harry at various events. But do you know why? The red poppy pins, a tradition dating back to 1921, have become an integral part of the royal wardrobe, especially in November, leading up to Remembrance Day on Nov. 11. These pins hold deep significance as a mark of remembrance for military members who have lost their lives in wars. During their joint visit to Scotland on Nov. 2, Kate Middleton and Prince William wore matching green jackets, each adorned with the iconic red poppy. The symbolism continued in subsequent individual outings, with the Prince of Wales sporting the poppy during his visit to Singapore for the Earthshot Prize awards, and the Princess of Wales donning it on her camo jacket during a visit to the Queen's Dragoon Guards on Nov. 8.

Cryptocurrency trading bot Wallet is debuting its global rollout on the Telegram messenger in several countries in Latin America and Africa.

The Blockchain Association of Kenya (BAK) has announced that it will prepare the first draft of the country’s blockchain legislation as it seeks to join the list of nations with proper rule clarity. 

By Duncan Miriri and George Obulutsa

Kenya might become the first country in the world where the industry’s representatives would develop the regulatory framework for crypto. According to the Blockchain Association of Kenya (BAK), The National Assembly’s Departmental Committee on Finance and National Planning has directed it to prepare the first draft of “what could become a virtual asset service provider’s bill.”

World Cup 2023, succeeded in breaking a 27-year-old record of Indian cricket legend Sachin Tendulkar. Ravindra, 23, struck his third world cup hundred during the match against Pakistan on November 4. With this, he has broken the record of Tendulkar, who had the most centuries to his name before attaining the age of 24.

Rwanda announced Thursday that it will allow all Africans to travel visa-free to the country, becoming the latest nation on the continent to announce such a measure aimed at boosting free movement of people

deaf community. This remarkable aspect of daily life on the Mumbai trains has been extensively documented by Annelies Kusters, a pioneering scholar who recently achieved the distinction of becoming the UK's first deaf full professor in the field of deaf studies and sign language studies. While Europe and the United States have long seen deaf professors in these areas, the UK had lagged behind, with only hearing individuals holding full professor positions, numbering around 10 to 15.

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Preethi, who goes by a single name, as is common in the region, is among the 70 workers hired in Agara and neighboring villages by a startup called Karya to gather text, voice and image data in India’s vernacular languages. She is part of a vast, unseen global workforce — operating in countries like India, Kenya and the Philippines — who collect and label the data that AI chatbots and virtual assistants rely on to generate relevant responses. Unlike many other data contractors, however, Preethi gets paid well for her efforts, at least by local standards.

By Kate Abnett and Valerie Volcovici

The Kenyan government plans to roll out its digital identification system in December 2023 after the testing period, which will take the next few months. According to the president of Kenya, William Ruto, whose speech at the East Africa Device Assembly Kenya plant in Athi River was cited by local media on Oct.30:

King Charles III wants to look to the future when his four-day state visit to Kenya starts on Tuesday

Trade and economy officials from the Group of Seven wealthy democracies have strengthened their pledge to work together to ensure smooth supply chains for essentials like energy and food despite global uncertainties

The trade ministers of the Group of Seven nations pledged to build a wider network with developing nations to ensure supply chains are resilient for key items including critical minerals, semiconductors and batteries, according to the group’s joint statement released Sunday at the conclusion of their two-day gathering in Osaka, Japan. “We deplore actions to weaponise economic dependencies and commit to build on free, fair, and mutually beneficial economic and trade relationships, and accelerate such collaboration with the wider international community,” the group said in its joint statement.

Piyush Goyal on Saturday urged the countries participating in the G7 trade ministers meeting to enhance collaboration on a regulatory framework to facilitate cross border trade. The Group of Seven (G7) trade ministers meeting was held in Osaka, Japan. Under its G7 presidency this year, Japan has invited India, along with a few other invitee countries (Australia, Chile, Indonesia, and Kenya) to participate in the outreach programme held on October 28.

China when they gather in Osaka this weekend. Group of Seven trade ministers convene on Saturday and Sunday against a backdrop of soaring geopolitical risk due to the Middle East and Ukraine conflicts and diplomatic relations frayed by sanctions and trade barriers meant to enhance industrial security. In an indication of the importance of supply chains, the G-7 will hold talks with India, Indonesia, Australia, Chile and Kenya.

Tanzania's government has signed a controversial port management deal with a Dubai-based company that had fueled protests in the African country and led to arrests of dozens of critics