Nexbitke.com (2024)

19/02/2023

Evonex Journals is an international, open-access publishing platform that encourages contributions from academics and scientists from all fields. Each Call for Papers by Evonex Journals becomes another success story of its commitment to the flourishing of scientific research, social infrastructure, and industrial growth through the merging of scientific researchers and industry practitioners. Evonex journal publishes journals from different countries E.g Nigeria, Kenya, Ghana, Cameroon, etc....

Evonex Journals is an international, open-access publishing platform that encourages contributions from academics and scientists from all fields. Each Call

10/02/2023

One of the world’s most popular and earliest peer to peer bitcoin exchange platform; LocalBitcoins has announced that it will be shutting down its business after over ten (10) years of operations. The peer to peer exchange platform which is based in Helsinki, Finland made it known via a statement that it is, “proud of what we have achieved together with all of you, our loyal community.”...

One of the world’s most popular and earliest peer to peer bitcoin exchange platform; LocalBitcoins has announced that it will

19/01/2023

Telecommunications giant; Safaricom and its biggest competitor in Kenya; Airtel, now charge significantly more for large monetary transfers from mobile money wallets to bank accounts. Safaricom’s mobile money platform; M-Pesa and Airtel’s Airtel Money both have transaction charges that range from 0 Kenyan Shillings to as much as 105 Kenyan Shillings. This is quite high especially when compared to the fees charged by Banks which range from 0 Kenyan Shillings to 150,000 Kenyan Shillings....

Telecommunications giant; Safaricom and its biggest competitor in Kenya; Airtel, now charge significantly more for large monetary transfers from mobile

16/01/2023

The President of the Republic of Kenya; William Ruto has made it known that the Higher Education Loans Board (HELB) will be dissolved. In its place will come the National Skill and Funding Council (NSFC) in a move that is expected to result in the improvement of the education system in the country. The National Skill and Funding Council (NSFC) will take in the funding for the Technical and Vocational Education and Training (TVET) while also increasing funding by 45 percent when compared to the Higher Education Loans Board (HELB)....

The President of the Republic of Kenya; William Ruto has made it known that the Higher Education Loans Board (HELB)

16/01/2023

According to reports the High Court of Kenya has ordered that the projects owned by Cytonn Real Estate should be liquidated. With the news it is believed that the liquidation of said properties will aid in the recovery of the more than 14 billion Kenyan Shillings that the Real Estate company owes its 4,000 investors. Justice Alfred Mabeya added that Cytonn Real Estate’s housing projects and assets which are identified as Taraji, Ridge, Riverrun, Miotoni/Applewood, and the Alma should be preserved until the liquidation has been concluded....

According to reports the High Court of Kenya has ordered that the projects owned by Cytonn Real Estate should be

22/12/2022

The value of the trade deficit between Kenya’s imports and exports has now grown to more than 1.3 trillion Kenyan Shillings. This is occurring even after a number of policies were implemented in a bid to reverse or at least curb said deficit. For January to October of 2022 the costs of importing food, industrial raw materials, and fuel increased the goods trade gap for Kenya by almost a quarter while also having a significantly negative effect on the nation’s official currency; the Kenyan Shilling and on the job possibilities for young people in Kenya....

The value of the trade deficit between Kenya’s imports and exports has now grown to more than 1.3 trillion Kenyan

18/12/2022

After its successful acquisition of a 26.32 percent stake in popular supermarket and Grocery Delivery company; Naivas for a 100 million United States Dollars (USD) which is around 12.3 billion Kenyan Shillings, IBL Group is now looking to increase its investments in the East African region. The multinational conglomerate: IBL Group, is now looking to purchase majority stakes in a pharmaceutical distributor and a solar company....

After its successful acquisition of a 26.32 percent stake in popular supermarket and Grocery Delivery company; Naivas for a 100

18/12/2022

According to reports, the Court of Appeal has refused Baseline Architects Limited’s bid to go after 1.4 billion Kenyan Shillings from the National Health Insurance Fund (NHIF) over a failed agreement to build a medical center of excellence. The three (3) presiding judges stated that the appeal by Baseline Architects Limited did not meet the necessary requirements needed to go on....

According to reports, the Court of Appeal has refused Baseline Architects Limited’s bid to go after 1.4 billion Kenyan Shillings

17/12/2022

The Central Bank of Kenya (CBK) has revealed that it will be putting back the charges on monetary transactions between mobile money wallets and bank accounts. It is believed that the decision was made in a bid to provide some form of succour for and to commercial banks who have in recent times, expressed their displeasure of the Central Bank of Kenya (CBK)’s disinclination to bring back said fees....

The Central Bank of Kenya (CBK) has revealed that it will be putting back the charges on monetary transactions between

13/12/2022

Peer to peer payment platform; Cashlink, is now available on the world’s largest cryptocurrency exchange platform; Binance. Cashlink provides cryptocurrency users with stress free cash in and cash out services on Web3 applications. The platform also permits the seamless integration with cryptocurrency and non cryptocurrency related platforms looking to make it easier for the users to carry out successful cash transactions....

Peer to peer payment platform; Cashlink, is now available on the world’s largest cryptocurrency exchange platform; Binance. Cashlink provides cryptocurrency

10/12/2022

Telecommunications giant; Safaricom has now slashed the rates for its monthly bundle packages for mobile data, Short Message Services (SMS), and minutes by almost as much as five (5) percent. The move is believed to have been done as a way to further increase its dominance as the rivalry with its competitor; Airtel, continues to increase. Safaricom made it known that it will be reducing the cost of the bundle which comes with 1,000 minutes, 15 Gigabytes (GB) of internet data and 2,000 Short Message Services (SMS) by as much as 4.7 percent to 2,000 Kenyan Shillings....

Telecommunications giant; Safaricom has now slashed the rates for its monthly bundle packages for mobile data, Short Message Services (SMS),

09/12/2022

Samsung's smartphone collections vary from high-value to budget phones to foldable ones that require some innovation. If you intend to explore a new Galaxy phone, we have reviewed the best Samsung phones to enable you to choose one that suits your pocket and needs. Samsung electronics are arguably the most famous in the world of consumer electronics. With its product conglomerate cutting across home appliances, mobile computing, software, and services. ...

Samsung’s smartphone collections vary from high-value to budget phones to foldable ones that require some innovation. If you intend to

06/12/2022

The greatly anticipated construction of the Mombasa Special Economic Zone is to begin as the Kenyan Government has now begun to invite bidders to carry out the implementation of the project. The Kenya Ports Authority was responsible for floating the international tender which is worth 32.4 billion Kenyan Shillings. Said tender will be financed through a loan from the Japan International Cooperation Agency (JICA)....

The greatly anticipated construction of the Mombasa Special Economic Zone is to begin as the Kenyan Government has now begun

05/12/2022

The world’s wealthiest man; Elon Musk has revealed that his neurotechnology company; Neuralink is set to start clinical human trials for the brain chips it developed as early as six (6) months from now. The announcement is coming after Neuralink which develops brain-computer interfaces that are implantable. According to the company its brain chip interfaces are able to help disable patients communicate and move....

The world’s wealthiest man; Elon Musk has revealed that his neurotechnology company; Neuralink is set to start clinical human trials

03/12/2022

According to recent reports, the Kenyan Government is looking to allow the importation of duty-free Genetically Modified Organism (GMO) Maize as well as non-Genetically Modified Organism (GMO) Maize into the country in a bid to tackle the current food shortage issue. The Investments, Trade and Industry Cabinet Secretary (CS); Moses Kuria made it known through his official Twitter account that the Kenyan Government will be signing the documents necessary for permitting the importation of said produce in the coming six (6) months....

According to recent reports, the Kenyan Government is looking to allow the importation of duty-free Genetically Modified Organism (GMO) Maize

30/11/2022

Water resistance feature is gradually becoming a must-have element among affordable and classy smartphones. Hence, more and more phone manufacturers are incorporating it into their devices. However, telling which one of the multiple phones is waterproof, can be a challenging task. In this article, I give you a reliable review of the iPhone 14 Pro Max as the best waterproof phone from Apple....

Water resistance feature is gradually becoming a must-have element among affordable and classy smartphones. Hence, more and more phone manufacturers

29/11/2022

The Diaspora remittances into the East African nation of Kenya rose by 4.6 percent in October of 2022 to reach a total of 40.6 billion Kenyan Shillings. This is significantly higher than the 38.8 billion Kenyan Shillings that was the case in September this year; 2022. The Central Bank of Kenya (CBK) revealed that the United States (US) is still the biggest source of diaspora remittances into Kenya and makes up a total of 57.6 percent during the same period....

The Diaspora remittances into the East African nation of Kenya rose by 4.6 percent in October of 2022 to reach

29/11/2022

Business to Business (B2B) e-commerce food distribution company; Twiga has now laid of a total of 211 of its employees working full time. The move was made as a result of restructuring within the company. It also led to its in-house sales department has removed altogether. With the decision Twiga has now lost 21 percent of its workforce of 1,000 employees with a significant amount of those employees being based in Kenya where the startup establishes connections between agricultural producers or farmers with fast paced consumer goods, manufacturers to retailers....

Business to Business (B2B) e-commerce food distribution company; Twiga has now laid of a total of 211 of its employees

22/11/2022

American multinational technology behemoth; Google has moved to ban all unauthorized mobile loan applications in its mobile application marketplace; Play Store, that have operations in Kenya and are available to users of Android devices. Starting from Tuesday the 31st of January 2023 all instant mobile loan applications for Android devices will by required by Google to provide their licenses from the Central Bank of Kenya (CBK)....

American multinational technology behemoth; Google has moved to ban all unauthorized mobile loan applications in its mobile application marketplace; Play

22/11/2022

Just months after tech company; Sendy laid off ten (10) percent of its entire workforce the Kenyan logistics startup has carried out another round of layoffs at a time when it has announced plans to gradually bring its supply service to a close and focus entirely on the fulfillment side of its services so as to provide its business clientele with more efficient service....

Just months after tech company; Sendy laid off ten (10) percent of its entire workforce the Kenyan logistics startup has

17/11/2022

Nigerian financial technology company; Paystack, has secured a Payment Service Provider license from the Central Bank of Kenya (CBK). With this, it will now be able to carry out operations in the Eastern African nation and already begun private beta testing. The Business Operations and Expansion Lead for Paystack in Kenya; Caroline Muema made it known via a statement that, "In every country in which we operate, Paystack strives to build fast, secure, and reliable payment services for businesses and customers....

Nigerian financial technology company; Paystack, has secured a Payment Service Provider license from the Central Bank of Kenya (CBK). With

16/11/2022

In the six (6) months leading up to June of 2022 users of Fuliza; Safaricom’s continuous overdraft service borrowed an average of 1.6 billion Kenyan Shillings every day. This indicates the growing popularity of the service and shows just how much its users depend on it. Especially at a time when the cost of living increased as income reduced, forcing more and more people to go the way of short-term loans....

In the six (6) months leading up to June of 2022 users of Fuliza; Safaricom’s continuous overdraft service borrowed an

16/11/2022

The past seven (7) days have been a rigorous rollercoaster ride for the world’s most popular and largest decentralized digital currency; Bitcoin. The Cryptocurrency saw its price drop from 21 thousand United States Dollars (which is around 2.6 million Kenyan Shillings) on Monday the 7th of November 2022, to a low of around 15,580 United States Dollars (which is around 1.9 million Kenyan Shillings) by Wednesday the 9th of November 2022....

The past seven (7) days have been a rigorous rollercoaster ride for the world’s most popular and largest decentralized digital

16/11/2022

American multinational financial services corporation; Visa Inc., has announced that it is terminating all of its global credit card agreements with the troubled cryptocurrency exchange; FTX. A spokesperson for Visa which is the biggest payments processor in the world made it known that, "The situation with FTX is unfortunate and we are monitoring developments closely.” Read Also: Binance Pauses All FTX Token Deposits Over Suspicious 342 Million Dollar FTT Movement…...

American multinational financial services corporation; Visa Inc., has announced that it is terminating all of its global credit card agreements

16/11/2022

Since Bahamas based cryptocurrency exchange; FTX collapsed, its problems have only continued to grow from bad to worse. From battling liquidity difficulties to its expropriation of funds and cryptocurrency assets deposited by its users, to its several unsuccessful attempts at acquisitions the exchange which is incorporated in Antigua and Barbuda has now had to officially file for bankruptcy. Its Chief Executive Officer (CEO); Sam Bankman-Fried who is more commonly known in the cryptocurrency space as SBF, has also had to resign....

Since Bahamas based cryptocurrency exchange; FTX collapsed, its problems have only continued to grow from bad to worse. From battling

11/11/2022

The parent company for Messenger, Facebook, WhatsApp, and Instagram; Meta Platforms Inc., has completed a large scale layoff of up to thirteen (13) percent of its entire workforce. Its Co Founder and Chief Executive Officer (CEO); Mark Zuckerberg made it known via a statement that, “I want to take accountability for these decisions and for how we got here.” He added that, “I know this is tough for everyone, and I’m especially sorry to those impacted.”...

The parent company for Messenger, Facebook, WhatsApp, and Instagram; Meta Platforms Inc., has completed a large scale layoff of up

10/11/2022

The Cryptocurrency market has continued to be in dip mode. Observers believe that it is as a result of fears over the financial state of Bahamian cryptocurrency exchange which is the second largest Cryptocurrency exchange in the world. The fears were further heightened after the largest cryptocurrency exchange in the world; Binance on the afternoon of Wednesday the 9th of November 2022, decided to drop its intent to purchase FTX....

The Cryptocurrency market has continued to be in dip mode. Observers believe that it is as a result of fears

09/11/2022

According to reports American multinational technology conglomerate; Meta Platforms Inc., will be starting off a wide reaching lay off this week. It is expected that the decision will affect thousands of its employees. As at the time of putting this article together, the specific number of employees that will be laid off, was not known. As at the end of September 2022 Meta Platforms Inc., made it public knowledge that it has over 87,000 employees all over the world across its various platforms, marking a 28 percent increase from just the year before....

According to reports American multinational technology conglomerate; Meta Platforms Inc., will be starting off a wide reaching lay off this

08/11/2022

Meta Platforms Inc which is the parent company of Facebook, WhatsApp and Instagram will from January of 2023, make use of Credit Reference Bureaus (CRBs) in Kenya to set up the profiles of traders that carry out advertising on its social media platforms. The move is in a bid to reduce the increasing cases of payment defaults. The stricter measures regarding credit are part of Meta Platforms Inc’s updated terms and conditions which will be implemented from the 3rd of January 2023 and would lead to a number of advertisers needing to make upfront payments for any advertising efforts they carry out on Instagram and Facebook....

Meta Platforms Inc which is the parent company of Facebook, WhatsApp and Instagram will from January of 2023, make use

05/11/2022

Kenya Airways which is the flag carrier airline of Kenya is reportedly encountering some operational difficulties as its Pilots have moved to strike. The decision is believed to be in protest against the current conditions in their workplace. The news is coming at a time when Kenya Airways also known as Kenya Airways Ltd., is looking to increase the frequency of flights and resume plying its old routes during the incoming festive period in a bid to utilize the corresponding increase in the number of travelers....

Kenya Airways which is the flag carrier airline of Kenya is reportedly encountering some operational difficulties as its Pilots have

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