BY DIGITAL SHADOWS ANALYST TEAM On May 12, 2017, as the WannaCry ransomware spread across computer networks across the world, a variety of explanations also began to worm their way through the information security community. Who was responsible for the WannaCry campaign? And what was the objective? Ransomware said it was the work of cybercriminals, although, given the sheer scale of infections and disruption, some commentators suspected the hand of a nation state. Despite relentless analysis from the security research community that has brought fragments of new information to the fore, no consensus has yet been reached on an attribution…
Author: Editor
BY PETER WANYONYI Bitcoin is in the news everywhere. The cryptocurrency skyrocketed in value as 2017 came to a close: as this article went to press in January 10, 2018, the exchange rate was closing in on $20,000 for one Bitcoin. It’s so insane that it has been labelled the latest “tuplimania”, a reference to the period in the 17th Century when tulips – yes, the flowers – briefly became the most valuable commodity in the Netherlands, fuelling a speculative bubble that came crashing down in early 1637. Many are predicting a dramatic crash for Bitcoin, something that’s happened a…
Real estate investment is one of the myriad of ways that you can use to create wealth. Wealth grows through compounding, which means putting money into something with the expectation of making a profit on both your original investment as well as the accrued interest over time.
A section of financial institutions bosses have predicted further depreciation of the Shilling come January 2024. In a survey that was conducted by the Central Bank of Kenya (CBK) a section of 302 fielded CEOs explained that the Shilling depreciation would be caused by five factors including the country’s maturing debt and persistent dollar demand by importers. Kenya is set to pay off a Sh500 billion Eurobond in December, and the decline in exports from Kenya and the reduced foreign direct investments were also highlighted as factors that could make the Shilling shed its value further. Some experts have predicted…
The journey to the buyback of Telkom Kenya shares from Helios Investors LLP, a French company with interests in telcos and banking among others, was bound to be perilous even before it started.
In the financial year 2022/23, government collected revenue of Sh2,166 billion and borrowed about Sh988 billion, giving it a total revenue and debt of Sh3,154 billion in the year, with a total budgeted expenditure for that year hitting Sh3,384 billion.
By Mutava mulei It is unsettling that the NSE is getting ditched at the world stage, and the reasons are pretty basic. Someone else of more value has come around. The world of finance thrives on brute competitiveness and comparisons are the order of the day. To be ahead, one needs to be simply better than. A quick look at the Capital markets quarterly statistical bulletins since 2020 reveals a grim picture of a steady rejection by international investors. For the three years, 2020, 2021 and 2022, there is a net outflow of funds from the bourse, with the largest…
African fruit exporters have stepped in to fill the gap created by declining production in some parts of Europe and growing demand for oranges, lemons, watermelons and strawberries in the EU, UK, and Asia By Conrad Onyango Africa is enjoying increased fruit exports to Europe, the United Kingdom and Asia, helping to fill a growing supply gap occasioned by low harvests in those markets, helped by increased production methods and yields across the continent. According to the EU Citrus Semi-Annual Report, the production of citrus fruits in Europe is expected to decrease by 10% in the 2022/23 season, with Spain…
The Ethics and Anti-Corruption Commission (EACC) has continued to partner with government agencies in an effort to further its corruption prevention mandate. The latest to benefit from anti-corruption prevention training is the National Research Fund (NRF), whose staff has been taken through a rigorous training on corruption prevention measures in a workshop held in Nakuru – the training which ran from April 3 to 6, 2023, aimed at enhancing the capacity of the agency to prevent occurrence of corruption and unethical conducts in its operation. NRF is a state agency under the Ministry of Education established pursuant to section 32…
TotalEnergies Marketing Kenya, formerly Total Kenya, has launched its 232nd service station in a bid to expand its footprint in the energy market. Situated in Ruiru, along Thika Superhighway, the new outlet will serve customers plying the route that connects neighboring counties to Nairobi, as well as the increasingly growing residential community around the area. Speaking during the launch, TotalEnergies Kenya managing director Eric Fanchini said the investment was in response to customer demand for proximity to the company’s products and services. “I encourage our staff to utilize this opportunity to drive the uptake of our solar products in line with…