45 per cent of Kenyans continue to set up side hustles while cutting back on non-essential expenses to cope with the high cost of living amongst other economic challenges, a new survey revealed on Monday, January 22. The survey dubbed “voice of the people poll” authored by research company, Infortrak shows that respondents also identified additional employment or income sources as a strategy to realise unmet needs. “Getting a side hustle and reducing non-essential expenditure are the main strategies adopted by Kenyans to cope with the economic hardships,” said the report. A huge chunk of those who used the side…
Author: NBM CORRESPONDENT
Kenya has embarked on plans to exit a government to government (G2G) fuel deal that it signed last year with Saudi Arabia and the UAE because the move has failed to ease pressure on the dollar. In a report by International Monetary Fund (IMF), the G2G deal was to run for 9 months, but the window has been extended for 12 more months to December 2024, a move that will offer the government a chance to negotiate favourable terms. “The government intends to exit the oil import arrangement, as we are cognizant of the distortions it has created in the…
The US Treasury has added 17 Liberian-flagged bulk carriers and oil tankers to the Russian blacklist for alleged violations related to Western-imposed price caps on Russian oil, the Treasury said in a statement.
Eight former senior Isiolo County officials, including three chief officers linked to the loss of Sh58.6 million fire engine procurement fraud arrested by the Ethics and Anti-Corruption Commission (EACC) on January 17, 2024, have denied 12 counts of graft. Appearing before Isiolo Chief Magistrate Lucy Mutai, the accused denied charges of failure to comply with procurement process, unlawful acquisition of public property, and abuse of office. The suspects who include Peter Ngechu Muhuha (former chief officer, finance), Adano Salad Kadubo (former chief officer, public works, housing and urban development), Abdi Nasir Ali (former head of treasury), Jibril Hassan (accountant), and…
By Dr Kellen Kiambati If a major strategic change occurs, it is often triggered by the resulting financial trauma. This raises the question of whether firms can make major strategic changes whilst maintaining high levels of performance and, if so, how? Dynamic capabilities have been advocated as means of achieving this and they can be addressed from two perspectives. First, it refers to the shifting character of the environment; second, it emphasizes the key role of strategic management in appropriately adapting, integrating, and re-configuring internal and external organizational skills, resources, and functional competences toward changing environment. The dynamic capabilities approach…
Football giants Morocco, Egypt, Ivory Coast, Algeria, Senegal and Nigeria will meet at the group stage with Cote d’Ivoire and Nigeria both in Group A, Egypt and Ghana in Group B and Senegal and Cameroon in Group C. These encounters are considered the finals before the final.
The Chinese authorities’ recent actions and statements have effectively warned the residents of Taiwan that this weekend’s presidential election on the island represents “a choice between peace and war,” Gregory Coutaz, an assistant professor at the Department of Diplomacy and International Relations at Taiwan’s Tamkang University, said.
Kenya has been bestowed the responsibility to host Africa’s first Centre for Anti-Corruption Studies and Research (CEREC), an agency which is to be established by the African Association of Anti-Corruption Authorities (AAACA), the Continent’s network for regional cooperation in the fight against corruption and promotion of good governance.
Gaza genocide case against Israel that South Africa has brought before the Hague-based International Court of Justice (ICJ), a United Nations body, exposes Europe’s weakness, Politico, a media outlet, writes.
In 2014, Revitalize joined a growing list of wellness centres aiming at making fortunes from offering body treatments and massages, yoga and zumba classes, pedicures and manicures, and the gym.