Kenya is reforming its capital markets to enhance their contribution to national development. President William Ruto said the world is witnessing the growing potential of equity and debt markets that calls for more strengthening. He said well-functioning domestic capital markets enhance economic resilience by limiting exposure to volatile capital flows. “They reduce dependence on external debt and diversify investment opportunities,” he explained. Ruto spoke on Wednesday at the Paternoster Square in London during the bell-ringing ceremony at the London Stock Exchange. The event signaled the start of trading at the Exchange. He observed that Kenya will keep drawing experience from…
Author: Oki Bin Oki
A Ugandan military helicopter with eight people on board crashed and caught fire at the main international airport in Somalia’s capital, Mogadishu, a Ugandan army spokesman has told the BBC. Three people escaped with burns but the other five were “yet to be accounted for” following the crash at the Aden Adde International Airport, Maj Gen Felix Kulaigye said, adding that its cause was still unclear. “We heard the blast and saw smoke and flames over a helicopter. The smoke entirely covered the helicopter,” Farah Abdulle, one of the airport staff, told Reuters news agency. Somalia’s state-run news agency reported…
An application in a case seeking conservatory orders to restrain Deputy Inspector General of Police Eliud Lagat from accessing his office, performing his duties, or using any facility of the National Police Service (NPS) was Wednesday withdrawn. The application, which was linked to ongoing investigations into the death of blogger Albert Ojwang while in police custody, was withdrawn after the court was informed that the matter had been overtaken by events. Lawyer Ndegwa Njiru, representing the petitioner, told the court that they would be seeking leave to amend the petition to reflect the changed circumstances. Justice Diana Kavedza allowed the…
The trial of American music mogul Sean “Diddy” Combs, who is accused of running a sprawling sex trafficking operation, is almost over. The 12 jurors at a federal court in New York have announced they have come to a decision on four of the five counts faced by Mr Combs, although these decisions have not been disclosed. But the jurors are unable to decide on the racketeering charge, the most serious of the five, which carries a possible life prison term. Mr Combs, 55, has pleaded not guilty and denied all allegations against him. So what is the racketeering charge,…
US media company Paramount Global has agreed to pay $16 million (£13.5m) to settle a legal dispute with US President Donald Trump regarding an interview it broadcast on CBS with former Vice President Kamala Harris. Trump filed a lawsuit last October, alleging the network had deceptively edited an interview that aired on its 60 Minutes news programme with his presidential election rival Kamala Harris, to “tip the scales in favour of the Democratic party”. Paramount said it would pay to settle the suit, but with the money allocated to Trump’s future presidential library, not paid to him “directly or indirectly”.…
Elon Musk has appointed a product developer responsible for several successful youth-focused social media apps to a senior role at X. Nikita Bier has been made X’s head of product three years after publicly suggesting on the platform – then known as Twitter – that it should employ him. “I’ve officially posted my way to the top,” he wrote in a post on X announcing the role. X has been on a rollercoaster ride since it was bought by the world’s richest man for $44bn (£38.1bn) in October 2022. It has faced problems with advertisers, seen high profile users quit…
Former Interior Cabinet Secretary Dr. Fred Matiang’i dismissed claims that he is a political project of former President Uhuru Kenyatta in his quest for presidency in 2027. He added he is yet to align himself with any political party as he continues to consult across the political spectrum. Speaking during an exclusive interview on Citizen TV on Tuesday, Matiang’i maintained that his current political path, in his bid to attain the country’s top seat in 2027, remains open to collaborations with any like-minded party. He said it is still too early to choose a side, even amid multiple reports of…
The Congolese government says it targeted an aircraft which rebels claim was delivering food aid before it was blown up in the district of Minembwe, close to the country’s borders with Rwanda and Burundi. It is the latest violent incident in the region since a ceasefire deal was signed in Washington last Friday. The army claims it tracked the plane using radar, found it had entered Congolese airspace without legal permission and bore no identification number – giving the force no choice but to take “appropriate measures”. But rebels allied to the M23 group, which has seized large parts of…
One of Nigeria’s wealthiest businessmen, Aminu Dantata, was buried in Saudi Arabia after he died on Saturday in the United Arab Emirates. Business mogul Dantata, 94, an uncle of Africa’s richest man Aliko Dangote, leaves three wives, 21 children and 121 grandchildren. His body was transferred from Abu Dhabi, where he died, to the holy city of Medina after Saudi authorities approved his burial in their country. Top officials from the Nigerian government took part in the funeral prayers at the holy prophet mosque before his interment at the Al-Baqi cemetery. It was his wish to be buried in a…
President Donald Trump on Tuesday visited the new Florida detention centre dubbed “Alligator Alcatraz”, where around 1,000 migrants are expected to be held as soon as next month, surveying the next step in his crackdown on illegal immigration. While touring the facility in the Florida Everglades, Trump said it will soon house the most “menacing migrants, some of the most vicious people on the planet”. Alligators, crocodiles and pythons in the surrounding wetlands are expected to keep detainees from escaping the centre, which is being built on an old airfield. Some state lawmakers, the local mayor and neighbours oppose its…
After hours of stalemate, Republicans in the US Senate have narrowly passed Donald Trump’s mega-bill on tax and spending, meaning the proposed legislation has cleared one of its key hurdles. The One Big Beautiful Bill Act passed with Vice-President JD Vance casting a tie-breaking vote after more than 24 hours of debate. It now heads back to the House, or lower chamber, where it still faces more opposition. An earlier version was cleared by House Republicans by a single-vote margin. Trump had given the Republican-controlled Congress a deadline of 4 July to send him a final version of the bill…
Televangelist Jimmy Swaggart, whose multimillion-dollar ministry and huge audience dwindled following his prostitution scandals, has died. He was 90. Swaggart death was announced Tuesday on his public Facebook page. A cause wasn’t immediately given, though Swaggart had been in ill health. The Louisiana native was best known for being a captivating Pentecostal preacher with a massive following before being caught on camera with a prostitute in New Orleans in 1988, one of a string of successful TV preachers brought down in the 1980s and ’90s by sex scandals. He continued preaching for decades, but with a reduced audience. Swaggart encapsulated…
The ICT Authority Board formally revoked the reappointment of Chief Executive Officer Stanley Kamanguya, citing multiple procedural irregularities in the renewal process. This was despite there being a court order stopping the process. The decision, made during a Board meeting held on July 1, 2025, comes amid a pending High Court petition filed by Kamanguya challenging efforts to remove him from office. The High Court had earlier on Tuesday issued temporary orders stopping the Board from discussing or acting on Kamanguya’s reappointment until a petition he filed is heard and determined. Justice Nduma Nderi certified the case as urgent, setting…
In the remote village of Mwakirunge, a marginalized settlement on the outskirts of Mombasa County, education is a luxury that many cannot afford. Here, dreams of completing secondary school are often dashed by poverty, early pregnancies, drug use, and the lure of boda boda income. Mwakirunge is also known for hosting Mombasa’s biggest dumpsite, and a section of the residents scavenge in the dumpsite for a living. In the area, there are at least three public secondary schools; Marimani, Mwakirunge, and Kashani, which is on the border with Kiembeni area. Mwakirunge, although part of Mombasa County, grapples with challenges more…
Arsenal have completed the £5m signing of goalkeeper Kepa Arrizabalaga from Chelsea. Spain international Kepa joins the Gunners on a three-year deal after spending last term on loan at Bournemouth, where he made 35 appearances in all competitions. “I’m really, really happy to be here, really excited and looking forward to what is coming,” he said. “The ambition that is shown in this club, when I talk with Mikel [Arteta] and Inaki [Cana], how much they show me their desire to win… I think we are so close to winning and, hopefully, altogether, we can achieve it.” The 30-year-old is…