Investments

MAR 12 – The US Department of Education is planning to cut about half of its workforce, as the Trump administration works to slash the size of the federal government. The mass layoffs will affect nearly 2,100 people who are set to be placed on leave from 21 March. Trump has long sought to eliminate…

MAR 11 – An Albanian national who travelled to the UK illegally has told the BBC how his life became “unbearable” after he ended up working on a cannabis farm. Gzim, who wished to remain anonymous, was one of more than 12,600 Albanians who made the trip to the UK by small boat in 2022…

NAIROBI, Kenya, Mar 10 – Two petitioners have urged the Judiciary to deem the Kenya National Public Health Institute (KNPHI) unconstitutional, arguing that it was illegally established and operated. In a petition tabled by the Kisii High Court, the two, Marage Gikenyi and Eliud Karanja, noted that the national government operating the institution is unconstitutional…

MAR 9 – The former Bank of England boss, Mark Carney, is seen as the most likely successor to Justin Trudeau as the leader of Canada’s Liberal Party. Does he have what it takes to be the face Canada’s ongoing battle against President Trump’s tariffs? Mark Carney was the first non-British person to become governor…

MAR 8 – US President Donald Trump called a meeting of his cabinet secretaries on Thursday to discuss Elon Musk and his efforts to slash government spending and personnel numbers. It turned heated, according to media reports. Musk accused Secretary of State Marco Rubio of failing to cut enough staff at the state department, reports…

The construction, mining, and hospitality sectors have the highest outstanding loans among micro, small, and medium enterprises (MSMEs), according to a recent CIS Kenya analysis. The building and construction sector’s high default rate of 18% is particularly driven by delayed government payments, rising material costs, and heavy reliance on credit for large-scale projects. Many small…