Saving money is a crucial financial habit that provides security and enables individuals to achieve their financial goals. One of the most effective ways to save is through a money market fund, a type of investment that offers stability, liquidity, and competitive returns. For those looking to grow their savings without the risks associated with high-volatility investments, a money market fund is an ideal option. Stable and Competitive Returns A key reason to save in a money market fund is the stable and competitive returns it offers. Unlike traditional savings accounts that provide minimal interest, money market funds invest in…
Author: Andrew Walyaula
Serbian Prime Minister Milos Vucevic has resigned, following nationwide protests over the deadly collapse of a railway station canopy. He said he had acted “to avoid further complicating things” and so as to “not further raise tensions in society”. Fifteen people died in November when a concrete canopy at a railway station collapsed in the city of Novi Sad. Tens of thousands of people have been regularly taking to the streets since then, demanding accountability for the collapse and protesting against corruption. In a TV address late on Tuesday, President Aleksandar Vucic said he would decide within the next 10…
Over 1,200 Kenyans living in the United States are facing deportation as former President Donald Trump intensifies immigration policies aimed at removing undocumented migrants. This follows his administration’s promise of “mass deportations” and the revival of controversial measures under his first term. According to the US Department of Homeland Security, 1,282 Kenyan noncitizens are on Immigration and Customs Enforcement’s (ICE) non-detained docket with final orders of removal as of November 2024. In total, there are over 1.4 million individuals in the same category across the US. To expedite the policy, the US Department of Defense announced plans to provide military…
Several organizations, including the Kenya International Convention Centre (KICC), Kenya Tourism Board (KTB), the Office of the Ombudsman, East African Communications Organization (EACO), and Maasai Mara University, have advertised job openings in various fields, encouraging qualified Kenyans to apply. The Kenya Tourism Board (KTB), a state corporation under the Tourism Act tasked with promoting Kenya as a premier tourist destination, is seeking to fill five Deputy Director positions in Regional Market, Business Tourism and Events, Digital Marketing, Partnerships and Stakeholder Management, and Finance and Accounts. Applicants are required to visit KTB’s corporate website at www.ktb.go.ke/vacancies for detailed information. Applications must…
The Sacco Societies Regulatory Authority (SASRA) has shut down two SACCOs in Nairobi for failing to renew their authorization certificates by the December 2024 deadline. In a notice issued on Tuesday, January 28, 2025, SASRA CEO Peter Njuguna announced that B-SMART Sacco Society Ltd, located at RNG Plaza in Nairobi, and MULTIPLE Sacco Society Ltd, based in the Multiple Hauliers Building on Airport South Road, have been prohibited from operating. The shutdown was attributed to their failure to apply for the renewal of their authorization certificates and their inability to meet member and compliance obligations. This action was taken in…
The National Youth Service (NYS) has announced a nationwide recruitment exercise for volunteers, scheduled to take place from February 10 to 15, 2025. According to the NYS, eligible candidates must be Kenyan citizens aged between 18 and 24 years, with a minimum KCSE grade of D and above. Applicants are required to present a valid national ID card and a certificate of good conduct. They must also be willing to undergo medical check-ups during and after the recruitment and participate in rigorous physical training. Successful candidates will join the NYS Paramilitary Academy in Gilgil and the National Youth Service Technical…
Prime Cabinet Secretary Musalia Mudavadi is set to travel to Egypt today to sign of multiple Memoranda of Understanding (MOUs) between Kenya and Egypt. This visit marks a deepening of bilateral ties between the two nations, following a Joint Cooperation Committee (JCC) meeting held in March 2024, where four MOUs were signed. These agreements covered trade and investments, agriculture, tourism, energy, and infrastructure development. Mudavadi’s office confirmed that since the JCC meeting, both countries have finalized eight additional MOUs. These agreements focus on political consultations, diplomatic training, investment facilitation, port cooperation, youth programs, higher education, gender equality, and women empowerment.…
The Institution of Engineers of Kenya (IEK) has raised concerns over the appointment of former Cabinet Secretary Aisha Jumwa Katana as the Chairperson of the Kenya Roads Board (KRB). Jumwa was appointed as a non-executive chairperson by President William Ruto through a gazette notice dated January 17, 2025. However, IEK argues that her appointment does not align with the Kenya Roads Board Act No. 7 of 1999 (Revised 2023), particularly regarding the membership and selection process for the Board. IEK Chairperson Shammah Kitemes stated that the appointment overlooks the technical demands of the Board’s mandate, which revolves around road development,…
Two individuals posing as senior Ethics and Anti-Corruption Commission (EACC) officials were arrested in Bungoma on Monday, January 2025. EACC CEO Abdi Mohamud confirmed that the suspects had been conning public officials and members of the public, claiming they could terminate ongoing corruption investigations in exchange for bribes. The suspects, identified as Tobia Singila Wekesa, 23, and Sharon Nanjala Anyango, 26, presented themselves as high-ranking EACC officials to extort money. Wekesa allegedly posed as the EACC Director in charge of a non-existent Kakamega office, while Anyango claimed to be a senior EACC Director based in Nairobi. Investigations revealed that Wekesa…
Kenya Power has responded to protests by Kenyatta University (KU) students over a week-long power outage at one of their hostels, attributing the blackout to issues with a low-capacity transformer. In a notice issued on Monday, January 27, the company explained that a transformer serving the Kiwanja area in Roysambu failed last year. At the time, a replacement transformer with similar capacity was unavailable, forcing the installation of a temporary low-capacity transformer. The area houses some KU students, who have since been affected by the power disruptions. Kenya Power stated that a suitable transformer was secured and dispatched on Thursday,…