All Boda Boda riders in Kenya’s capital; Nairobi, will now receive biometric plates which will have unique colour codes in order to facilitate easier identification. This announcement was made by Governor Ann Kananu. The decision is coming after a meeting was carried out on the 17th of March 2022 between the Boda Boda Associations and the City Hall. A series of new regulations were agreed upon in a bid to streamline the sector which has been faced with accidents, indiscipline and crime. Governor Ann Kananu stated that an agreement was reached for Boda Boda operators to have their motorcycles fitted…
Author: Tobey
The YouTube channel for Citizen TV was hacked by suspected cryptocurrency enthusiasts. The YouTube channel which had well over three (3) million subscribers was subsequently renamed to ‘Ethereum (US)’ shortly after the hack. The hackers reportedly went live on the channel, live streaming a discussion about digital currencies. The livestream left a lot of Citizen TV’s online viewers shocked. The hackers in question were also able to own some of the content that was updated on Citizen TV’s YouTube channel for a short while. The widely popular television station; Citizen TV was however able to take back control of the…
Popular video sharing platform YouTube, is reportedly consider adding Non-Fungible Token (NFT) features for its video creators. This is according to a letter its Chief Executive Officer (CEO); Susan Wojcicki, released to its broadcasters. The CEO stated in the letter that, “We’re always focused on expanding the YouTube ecosystem to help creators capitalize on emerging technologies, including things like NFTs, while continuing to strengthen and enhance the experiences creators and fans have on YouTube.” This will be YouTube and by extension Google’s first entry into the world of digital collectibles. Read Also: Kenya Plans To Tax Netflix And YouTube Google…
The Nairobi Metropolitan Services (NMS) has begun carrying out the redevelopment of ten (10) county estates in Nairobi as part of its plan to build 60,000 high rise housing units that are affordable and for rent or purchase. This development is coming just a year after the head of the Nairobi Metropolitan Services (NMS); Mohamed Badi held public views on the plan to refurbish the residential estates within the city. The estates to be redeveloped include Bahati, Bondeni, California, Embakasi, Jericho, Kariobangi North, Lumumba, Maringo, Woodley, and Ziwani. The Deputy Director of Nairobi Metropolitan Services (NMS) Housing and Urban Renewal;…
Popular technology giant; Google, has reportedly hired a former executive of PayPal; Arnold Goldberg, to spearhead its payments services division. The President of Commerce at Google; Bill Ready stated that, “The move is part of a broader strategy to team up with a wider range of financial services, including cryptocurrencies.” For Google which continues to make its presence felt in the cryptocurrency world Bill Ready added that, “Crypto is something we pay a lot of attention to. As user demand and merchant demand evolves, we’ll evolve with it.” Read Also: Kenyan Purchases On Google Play Store Attract 16% VAT The…
The Kenya Revenue Authority (KRA) has reportedly lost its 5.6 billion Kenyan Shilling tax dispute case with the Coca Cola bottlers in Kenya after the Supreme Court turned down a request to open up afresh the litigation that begun more than ten (10) years ago. The Kenya Revenue Authority (KRA) was hoping that the Supreme Court would review the decision to dismiss the case in question. The Judges however, rejected the request and upheld a previous decision reached on the 22nd of September 2021 stating that opening up the dispute again which began in 2012, is not only unconscionable but…
The National Transport and Safety Authority (NTSA) has according to reports, suspended the provision of its services to all driving schools after losing a case in the Kenyan High Court. The National Transport and Safety Authority (NTSA) when making the announcement revealed the decision was made in order to comply with the orders by the High Court. A notice which was signed by Macharia and the Director General of the National Transport and Safety Authority (NTSA); George Njao stated that, “Pursuant to the suspension and through this notice, the public is hereby notified that the NTSA has halted the services…
The expansion of the Malindi International Airport is set to begin. This is happening after the Kenyan government set aside a total of 5 Billion Kenyan Shillings for the planned expansion. The move is being seen by observers as a potential boost for tourism in the North Coast particularly which has experienced a sort of standstill. The Malindi International Airport expansion project has been in the works for a period of 18 years as a result of compensation negotiations between the Kenyan government and the landowners. This resulted in tourism the area which is usually a favorited destination for tourists;…
African mega fintech company; Flutterwave, has successfully raised an additional 250 million United States Dollars (28.41 billion Kenyan Shillings) via a Series D round of funding. What this means is that the valuation for Flutterwave, now stands at an impressive 3 billion United States Dollars (340.95 billion Kenyan Shillings) in an equally impressive timespan of just twelve (12) months. Back in March of 2021 Flutterwave which is a startup based in Lagos but headquartered in San Francisco, raised 170 million United States Dollars (19.32 billion Kenyan Shillings) via a Series C round of funding from Tiger Global and Avenir at…
According to reports the African Development Bank (AfDB) Group has banned CP Power East Africa Limited along with the part owner of the company; Dawit Wondwossen from its projects after it was discovered that it had been involved in fraudulent practices in Uganda and Kenya. The ban on CP Power East Africa Limited which is based in Kenya, will go on for a period of 48 months. The African Development Bank (AfDB) Group made it known through a statement that, “An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that CP Power East Africa Limited, and Mr…
The Kenyan Treasury will now provide guarantees for the mobile loans given to small scale traders. This is being seen as a move to increase the supply of credit under a plan where the Kenyan government will also pay a portion of the defaulted loans. Savings and Credit Co-Operative Societies (SACCOs) loans and smartphone based loans will become part of the Credit Guarantee Scheme which is backed by the Kenyan government. Previously only a few small and medium scale businesses were able to gain access to loans backed by the government. The Kenyan government is now looking to take advantage…
Social media giant; Facebook’s parent company Meta is looking set to make it possible for its users to be able to create Non-Fungible Tokens (NFTs) and also sell Non-Fungible Tokens (NFTs). It is believed that the company is looking to capitalize on the recent increased interest in digital collectibles. The teams at Instagram and Facebook, are reportedly working on a feature that will make it possible for users on both platforms to be able to showcase their Non-Fungible Tokens (NFTs) directly on their social media profiles and accounts. The teams at both social media platforms are also reportedly working on…
Meta which was previously known as Facebook, will now be allowing cryptocurrency advertisements on its social media platforms. The development is a reversal of a previous policy and is coming at a time when the company now acknowledges licenses from up to 23 countries. Meta made it known that the Cryptocurrency market has come of age and now has a level of clarity with regards to regulations. With this being put into consideration, Meta has now allowed some kinds of cryptocurrency advertisements on its social platforms. It also now accepts 27 licenses. This is significantly higher than the total of…
Meta which was formerly known as Facebook, will now make it possible for cryptocurrency payments to be carried out on its popular instant messaging app; WhatsApp through its Cryptocurrency wallet; Novi. The featured will be launched through a pilot programme that will only be available for a limited number of users in the United States (U.S). This is according to Stephane Kasriel who is the Head of Novi through a post on Twitter. The news is coming not long after the former head of Novi; David Marcus made it known that he was leaving the company after being there for…
