Kenya Financial News

In the latest episode of the Cryptonews Podcast, host Matt Zahab sat down for a meaningful discussion with Jon Trask, the CEO of the blockchain-based, agriculture technology-focused Dimitra platform.

Kenyan runner Kelvin Kiptum, who died aged 24 in a car crash on Sunday, blazed to athletics stardom when he seized the marathon world record in Chicago last October. Born in the Rift Valley, the heartland of Kenyan distance running, Kiptum was barely a teen when he began following elite athletes training in the legendary high-altitude region. He burst onto the marathon scene in 2022 with a stunning debut in the 26.2-mile (42.195-km) distance in Valencia where he clocked 2:01:53.

marathon world record holder Kelvin Kiptum and his coach were killed in a traffic accident in the Rift Valley on Sunday, cutting short the promising career of the only man to have run the endurance classic in less than two hours and one minute. The 24-year-old set the world record at the Chicago Marathon in October with a time of two hours and 35 seconds to surpass the mark of 2:01:09 run by compatriot Eliud Kipchoge in Berlin in 2022. Kiptum, who clocked three of the seven fastest marathon times in history, had been hoping to become the first man to run the marathon in under two hours in race conditions at Rotterdam in April as well as make his Olympic debut in Paris in July.

Research published Thursday has shown how an ant muscled into a Kenyan savannah and sparked such a dramatic transformation in the landscape that even the local lions changed the way they hunt. The study highlights the potentially profound impacts of invasive species, which are spreading at an increasing rate as human activities give animals, insects and plants opportunities to hitchhike into new territories. «Oftentimes, we find it's the little things that rule the world,» said Todd Palmer, an ecologist from the University of Florida, who was part of the research team that traced the implications of the big-headed ant on the hunting habits of lions in central Kenya.

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think tank that functions under the union home ministry has issued an advisory and alert against a variety of scams that take place on popular social media messaging platform WhatsApp leading to cyber crimes and financial frauds. The Bureau of Police Research and Development (BPRD) has identified seven types of such frauds that includes tricking through missed calls, video calls, in the name of job offers and investment plans, impersonation, hijacking and screen share. As part of the 'hijacking' scam, the eight page advisory-cum-alert said, the scammers take unauthorised access to the victim's WhatsApp (WA) account and request money from their contacts.

Kenyan citizen with drugs worth Rs 26 crore at the Kempegowda International Airport here. The woman was set to travel to Delhi with 2.56 kg of cocaine when the DRI sleuths nabbed her on a tip-off on January 15.

As Africa‘s Web3 landscape gains momentum, it faces significant regulatory hurdles that threaten to stifle its transformative potential.

German software giant SAP will pay more than $220 million in fines to resolve U.S. bribery allegations involving payments to foreign government officials

A consumer advocacy group filed a lawsuit against Starbucks Wednesday, saying the company’s claim that its coffee is ethically sourced is false and misleading

Worldcoin has recently announced the launch of its World ID verification services in Singapore. This marks a significant milestone in the expansion of the company's identity verification technology. Utilizing the Orb, a custom hardware device, participants can now easily verify their unique humanness. This launch is particularly notable as it comes after Worldcoin scaled back its operations in India​​​​​​.

(Reuters) -SAP, the German software company, agreed to pay about $222 million to resolve two investigations into bribery schemes in seven countries, U.S. authorities said on Wednesday.

Uber stated to the publication that they are currently experimenting with this feature in select Tier 2 and 3 markets in India. As per a report from India Today, Uber Flex introduces a range of nine pricing choices for riders when booking a ride, departing from the conventional dynamic pricing model. Within these options, one price is designated as the default or starting price.

Benjamin Kiplagat has died. According to local media reports, the 34-year-old athlete, who represented Uganda at three Olympic Games and six World Championships, was found dead in Kenya. Confirming it, Kenyan police in the city of Eldoret said that they have begun a probe into the death of the runner. Kiplagat reached the semi-finals of the 3,000m steeplechase at the 2012 Olympics in London. He won 2008 world junior silver in Poland & 2012 Africa Senior bronze in Benin. Kiplagat had been training in the Eldoret area before going to Uganda to participate in athletics competitions.

Happy New Year 2024 LIVE: A very Happy New Year to you all New Zealand, following closely as the second country to enter the new year, illuminated the night sky with dazzling fireworks displays, while people gathered in various iconic locations to usher in the fresh beginning. Pictures captured the vibrant festivities, showcasing the diverse ways in which different nations embraced the joyous occasion.

organisations have so far confirmed to be partners for the upcoming Vibrant Gujarat Global Summit (VGGS) 2024, the state government said on Saturday. The 10th edition of VGGS, based on the 'Gateway to the Future' theme, will be organised in Gandhinagar from January 10 to 12.

Innova Captab is rolling out a ₹570-crore IPO that includes a fresh issue of ₹320 crore and the rest an offer for sale. The promoters Manoj Kumar Lohariwala and his brother Vinay Kumar Lohariwala are diluting their stakes from 67% to 52%. Of the issue proceeds, ₹168 crore would be used toward debt repayment and ₹72 crore for working capital requirements. Business: Incorporated in 2005 as Harun Health Care, Innova Captab is a leading contract manufacturer of pharmaceutical formulations.

ICRA expects the margin for tea estates based out of North India (NI) to be significantly impacted in FY2024 due to the double whammy of increase in cost of production, following the wage rate hikes in West Bengal and Assam and the drop in realisation due to the low export demand and a sluggish rural consumption. According to ICRA’s recent note on the sector, the operating profit margin (OPM) of NI-based bulk tea players is expected to be significantly impacted in FY2024 and, given the current operating environment in the tea industry, both domestic and international, any material improvement in profitability during FY2025 appears unlikely at present. The rating agency has thus revised the sector outlook to Negative from Stable. «The all-India auction prices of orthodox (ODX) tea in 10M CY2023 witnessed a significant decline of Rs.

Also Read: Don't use sugarcane juice and sugar syrup for ethanol production, govt asks distilleries In response to the updated order, major sugar stocks rose significantly in today's trade. Bajaj Hindusthan Sugar led the gains with a 7.7% gain to ₹30.20 apiece, followed by Dhampur Sugar Mills ( up 6.59%), Dalmia Bharat Sugar (up 6%), Uttam Sugar Mills (up 5.7%), Sakthi Sugars (5.2%), Balrampur Chini Mills (up 5.1%), Rajshree Sugars & Chemicals (up 5%), Praj Industries (up 4.46%), and Triveni Engineering (up 3.8%).

visa-free destinations as their ideal choice of international destination. As per MakeMyTrip, countries that removed visa requirements for travelers from India have seen over 30 percent positive uptick in terms of searches and bookings. Ahead of the Christmas vacation, several Asian countries including Malaysia, Thailand, Vietnam, Sri Lanka have recently announced that they are implementing visa-free entry for visitors from India and other countries.

A power blackout has hit Kenya, paralyzing large parts of the country, and the transport minister is calling for an investigation into “possible acts of sabotage and coverup” over the third nationwide outage in three months