Kenya Financial News

One of two Binance executives detained in Nigeria has escaped custody, while the Nigerian government has filed new tax evasion charges against the global cryptocurrency exchange.

U.N. agencies have warned that waste from electronics is piling up worldwide while recycling rates remain low and are likely to fall even further

Caribbean leaders say all groups and political parties except one have submitted nominees for a transitional presidential council charged with selecting an interim prime minister for Haiti

Ethiopia’s biggest bank is reportedly attempting to recover more than $40 million after a technical glitch allowed customers to withdraw more than they had in their accounts

There has been mounting pressure on the Biden administration to intervene and secure the release of the detained  Binance  executives.

Frontier markets are back. Several African countries have recently returned to global financial markets, placing foreign-currency bonds with international investors. The question is whether they are back for good, or whether someone or something—namely, the US Federal Reserve—will throw a wrench in the works.

Doctors at Kenya’s public hospitals began a nationwide strike, accusing the government of failing to implement a raft of promises from a collective bargaining agreement signed in 2017 after a 100-day strike that saw people dying from lack of care

Two Binance employees remain under custody in Nigeria over a spat between the government and the cryptocurrency exchange. The employees will remain under detention until March 20 following a court decision, according to a WSJ report.

Spotify takes on Apple: Audiobooks and subscriptions available in-app, bypassing 30% fee Explaining the reason behind the new feature, the company said in a blogpost, “Spotify is where fans go to dive deeper into an artist’s music. So whether you’re a superfan who wants to rewatch the videos you love and share them with friends, or a casual fan on the lookout for new releases, music videos create a new point of connection with artists." The beta version of the Spotify app with the music videos feature rolled out in select markets yesterday with compatibility for a limited number of catalogue for music vidceos like hits from artists like Ed Sheeran, Doja Cat and Ice Spice.

By Harold Isaac

Two senior executives from cryptocurrency exchange Binance have been detained against their will by Nigerian authorities for the past two weeks. 

George Soros’ Open Society Foundations announced a leadership change Monday with its president Mark Malloch-Brown stepping down in June

U.S. military said on Sunday it has carried out an operation in Haiti to airlift non-essential embassy personnel from the country and added U.S. forces bolster embassy security, as Caribbean nation reels under a state of emergency. The operation was the latest sign of Haiti's troubles as gang violence threatens to bring down the government and has led thousands to flee their homes. «This airlift of personnel into and out of the embassy is consistent with our standard practice for embassy security augmentation worldwide, and no Haitians were on board the military aircraft,» the U.S. military's Southern Command said in a statement.

British pound is beating more than 90% of the world’s currencies this year on signs the nation’s economy is holding up better than expected, keeping interest rates higher for longer. Only 11 currencies — including those of Kenya, Zambia and Sri Lanka — have outperformed sterling in 2024, according to a universe of more than 140 global foreign-exchange rates tracked by Bloomberg.

Antony Blinken, spoke with Kenyan President William Ruto on Saturday to discuss the ongoing political and security crisis in Haiti. During their conversation, both leaders reiterated their commitment to ensuring free and fair elections in the region. «Secretary of State Antony J. Blinken spoke with Kenyan President William Ruto to discuss the ongoing political and security crisis in Haiti. They underscored unwavering commitment to the deployment of a Multinational Security Support mission to support the Haitian National Police in creating the security conditions necessary to conduct free and fair elections,» US Department of State official spokesperson, Matthew Miller said in an official statement.

HCL Group has invested Rs 166 crore to acquire a minority stake in education software company Educational Initiatives (Ei) This is a part of the secondary stake sale, where HCL Group has acquired a portion of the stake held by Mumbai-based private equity firm Gaja Capital in Ei.

NEW DELHI : Indians are flying overseas like never before. And airlines are taking swift measures to cater to the rising demand. This January has seen 6.52 million people take off for foreign destinations from India, 17% more than January 2023 and, significantly, 0.5% higher than the pre-covid level of January 2020 as well.

export violations including Chinese employees in China improperly downloading documents related to U.S. Defense Department programs.

World Bank warned that high borrowing costs have «changed dramatically» the need for developing nations to boost sluggish economic growth. The multilateral lender's latest warning comes as international bond sales from emerging market governments hit an all-time record of $47 billion in January, led by less risky emerging economies such as Saudi Arabia, Mexico and Romania.

Godrej Consumer Products along with one of its wholly owned subsidiaries has entered into an agreement for divesting its entire stake in wholly owned subsidiary viz. Godrej East Africa Holdings Limited, Mauritius to HKG Africa Weave Ltd for $3.5 million. Upon the completion of the deal, Godrej East Africa Holdings along with its step down subsidiaries viz.

India has slipped to the 85th spot on the Henley Passport Index. India had gone up to 80th position in January when the rankings for 2024 were unveiled. The Henley Passport Index is updated monthly. Six countries still jointly hold the top position in the 2024 Henley Passport Index, offering their citizens visa-free access to a record-breaking number of destinations. The most powerful passports in the world now allow citizens of France, Germany, Italy, Spain, Japan, and Singapore to travel 194 out of 227 destinations worldwide without requiring a visa, according to data from the International Air Transport Association (IATA). Four EU members have joined them at the top: Germany, Italy, Spain, and France.