The integration of AI into the financial world has a rich history, dating back to the founding of Renaissance Technologies by James Simons in 1978. Simons utilized data analysis to establish quantitative investing, setting the stage for AI’s role in financial services. Over time, AI has been used to mitigate risks, formulate financial plans, combat…
With the crypto market experiencing healthy trading volumes, many traders are on the lookout for the next cryptocurrency to hit $1 in 2024. While predicting this is not an exact science, there are several factors to consider when looking for the best low-priced crypto to invest in. Here are some of the top contenders: It’s…
Kenya’s Sports Cabinet Secretary, Ababu Namwamba, has pointed fingers at the previous regime for the deteriorating state of stadiums across the country. In a recent address, Namwamba criticized the former administration for neglecting sports infrastructure, leading to substandard conditions that hinder athletes and fans alike. Namwamba emphasized that the poor state of the stadiums is…
Nairobi Woman Representative Esther Passaris has proposed a significant increase in the withholding tax on interest income earned from infrastructure bonds. Currently set at 5%, Passaris suggests raising this tax to 20%. This move is aimed at enhancing government revenue and ensuring a fairer contribution from investors benefiting from these bonds. The proposal has sparked…
Kenya is increasingly becoming a focal point for investors from Africa and beyond, thanks to the array of tremendous opportunities available. The country’s strategic geopolitical location, world-class facilities, and a youthful, tech-savvy population make it an attractive investment destination. Recently, I had the opportunity to meet with several notable business leaders, including Arab Bank for…
During a recent engagement with the Harvard Business School’s Class of 2025, the focus was on Africa’s vast renewable energy capacity and its youthful, skilled, and innovative workforce. The event, held at the State House in Nairobi, emphasized Africa’s status as a continent full of economic opportunities. The discussion included insights into Africa’s trade and…
Toncoin (TON) has shown better performance than Bitcoin (BTC) in recent days. TON has increased 21.36% over the past 7 days and 4.98% over the past 24 hours, according to data from CoinMarketCap. Meanwhile, BTC is down 2.84% over the past week and up 2.26% over the past 24 hours. TON’s social volume increased by…
Metaplanet Inc., a renowned Japanese company, has invested ¥200 million ($1.25 million USD) to purchase 117.7 bitcoins at an average price of ¥10,193,536 per bitcoin, marking its bold entry into the cryptocurrency market through Bitcoin. Metaplanet Inc, a leading consulting and investment company in Japan, created a stir in the cryptocurrency market with a groundbreaking…
Bitcoin BTC$60,856 returned to $63,000 on May 10 as overhead liquidity thickened past $100 million. Bitcoin liquidity battle heats up Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking to local highs of $63,876 on Bitstamp before consolidating. BTC price action improved overnight after seeing lows under $61,000 — a weakness that persisted despite hot United States unemployment figures. Analyzing the…
The Kenyan government has announced plans to eliminate double taxation with Belarus, signifying a significant step in enhancing economic ties between the two nations. Spearheaded by the National Treasury on behalf of President William Ruto’s administration, the Double Taxation Agreement (DTA) aims to avoid taxing the same income in both countries. This development comes as…
