Home Latest News
Category:

Latest News

Latest NewsPolitics

Uhuru’s Jubilee Declares War Against Rebel MPs Who Met Ruto at State House

by Mustafa Juma
written by Mustafa Juma

Over 30 Jubilee Party Members of Parliament drawn from the National Assembly and the Senate who held a meeting with President William Ruto on Wednesday will be punished.

The Jubilee party Secretary General Jeremiah Kioni has said the former President Uhuru Kenyatta’s party has already kicked off action against the rebel members.

Kioni who spoke to one of the leading online news outlets said disciplinary steps were already being taken and that, eventually, the MPs would be called to answer charges levelled against them. 

The former Ndaragua MP further noted that the lawmakers who attended the State House meeting have never attended Azimio rallies.

According to Kioni, the head of state wants to kill any contrary opinion and ensure that there is no voice to speak against the ills of his illegitimate government.

Kioni alleged that Ruto’s focus is on hiking taxes, selling public facilities like government parastatals and passing policies without any opposition.

Speaking during the meeting, President Ruto said his government was ready to work with anyone despite the political divide.

Ruto told the MPs that they were a family as they all were elected by Kenyans.

The notable politicians who met the president included Nominated MPs Sabina Chege, Margaret Kamar, MPs Yusuf Hassan (Kamukunji) and Adan Keynan (Eldas). 

The meeting comes hours after the head of state met a section of Raila Odinga’s ODM MPs on Tuesday.

Among them were Phelix Odiwour – Jalang’o – (Lang’ata), Mark Nyamita (Uriri), Tom Ojienda (Kisumu), Shakeel Shabir (Independent – Kisumu Town East) and Caroli Omondi (Suba South), Elisha Odhiambo (Gem), Gideon Ochanda (Bondo).

The head of state has been on a charm offensive on the opposition side if the series of meetings with members of the Azimio coalition is anything to go by. 

During his meeting with the nine ODM MPs from the Nyanza region, Ruto affirmed that the aim is to foster unity among the leaders to solve the challenges facing Kenyans. 

0 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail
Politics

Ruto, DP Gachagua Meet 32 Jubilee Mps at State House Hours After Raiding ODM

by Mustafa Juma
written by Mustafa Juma

President William Ruto and his deputy Rigathi Gachagua Wednesday morning held a meeting with 32 Mps from Jubilee Party at State House, Nairobi.

Reports indicate that the meeting that kicked off at 8am has been attended by Jubilee members from both the National Assembly and Senate.

The Jubilee MPs have committed to work with the government.

Speaking during the meeting, President Ruto said his government was ready to work with anyone despite the political divide.

Ruto told the MPs that they were a family as they all were elected by Kenyans.

The notable politicians who met the president included Nominated MPs Sabina Chege, Margaret Kamar, MPs Yusuf Hassan (Kamukunji) and Adan Keynan (Eldas). 

The meeting comes hours after the head of state met a section of Raila Odinga’s ODM MPs on Tuesday.

Among them were Phelix Odiwour – Jalang’o – (Lang’ata), Mark Nyamita (Uriri), Tom Ojienda (Kisumu), Shakeel Shabir (Independent – Kisumu Town East) and Caroli Omondi (Suba South), Elisha Odhiambo (Gem), Gideon Ochanda (Bondo).

The head of state has been on a charm offensive on the opposition side if the series of meetings with members of the Azimio coalition is anything to go by. 

During his meeting with the nine ODM MPs from the Nyanza region, Ruto affirmed that the aim is to foster unity among the leaders to solve the challenges facing Kenyans. 

0 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail
Business

Former Giant Sacco Fighting For Survival Following Rapid Membership Loss

by Daily Trends
written by Daily Trends

At one point in time, it was the darling of the Savings and Cooperative organisations in the country.
With the murder of a former senior official still lingering in the minds of people in the country, there is very little to help in the image control of the organisations that once enjoyed the personal support of former President Daniel arap Moi, at the height of the one-party Kanu era.

Its employees were ranked on the same pedestal as Kenya Revenue Authority (KRA) and Central Bank of Kenya (CBK).

Now, the monolith is clutching on weak straws as it struggles to breath its last. Literally.

The former financial giant Harambee Sacco Society Limited is fighting for survival following a rapid membership loss that has left it on the brink of collapse.

How times change? Kenya Police staff bolted to form the fastest growing Kenya Police Sacco and now, the once moribund Kenya Defence Forces are in the process of revamping the outfit that was almost sunk by Harambee Sacco, thanks to the senior managers who serve

In the last three years alone, they have lost over 17,000 members, leading to a Sh4.82 billion payout.

This latest development comes in the backdrop of endless reports of mismanagement and fraud which threw the Sacco into a tailspin and from the look of things,everything seems headed south for Harambee Sacco.

The Chairman Mr Macloud Malonza and CEO Dr. George Ochiri on a courtesy visit to the IG NPS Mr. Japhet Koome at the IGs office. Photo/Courtesy

It is equally regrettable that some of the common malaise in the country’s corporate world has caught up with Harambee Sacco, where dues to the statutory organisations like the National Social Security Fund (NSSF) and the hospital insurer are not updated.

The majority of its clients are drawn from the military, National Police Service, National Youth Service, national and county governments, parastatals and departments and constitutional bodies.

The management led by Chief Executive Officer (CEO) George Ochiri and Chairman Macloud Malonza, the vice chairman of Cooperative Bank Kenya have attributed the biting exits to retirements within the civil service cadres.

Before his appointment as the Harambee Sacco CEO, Ochiri served as the former chief executive of the Safaricom Sacco.

Close industry players attribute some of the problems to a poor work ethics and laisezz faire approach by leading managers of the organisation, something that exposes Ochiri’s culpability in the running of the organisation.

Harambee’s financial report for the year 2021 showed that ongoing departures are largely founder members who make up the most loyal segment of its membership.

The records further show that the Sacco’s operation costs increased from Sh274.49 million to Sh2.166 billion in 2021 due to higher financial expenses and personnel expenses.

However, its annual revenue for 2021 surged to Sh4.2 billion having recorded a 32 per cent growth attributed to an increase in loan uptake, while the firm disposed of assets to boost liquidity.

The growth of members’ deposits and savings was hindered by almost equivalent withdrawals, where the society paid out a total of Sh1.42 billion to members who withdrew in 2021, compared to Sh1.32 billion paid to members who left the Society in 2020.

For the year 2021, the loan book contributed to 81 per cent of the revenues, with loans and advances going up by 11 per cent from Sh21.87 to Sh24.38 billion in 2021.

In 2017, Harambee Sacco Limited deficit before tax rose to Sh1.39 billion compared to Sh197.2 million surplus before taxation in 2016.

Needless to say, the institution has regularly been in the cross-hairs of the Sacco Societies Regulatory Authority (SARSA).

In 2012, a SARSA inspection found that the Harambee was in an acute liquidity crisis having failed to meet nearly all prudential parameters.

They had a negative core capital and had material variances between the outstanding loan portfolio reports and provisions for loan losses, at the time.

In 2015, an official at the Sacco (name withheld) was sent on compulsory leave while an interim audit of controversial expenditures and inconsistent questionable figures of Front Office Savings Activities (FOSA) loan totalling Sh3bn was underway.

He was temporarily forced out just three days before the deadline for submitting reconciled FOSA loan report to SARSA.

The audit targeted three lines of alleged cash fleecing conduit of imprest, I Owe You, a summary balance sheet detailing bank records of loans paid up in cash and a marketing vote.

The Sacco management had committed to avail reconciled financial records particularly explaining inconsistent figures of the Sh3bn FOSA loan.

In the past, Harambee Sacco Limited has been embroiled in controversies of massive financial scams and unresolved murders of senior officials.

For instance, former Finance Manager, the late Benson Ojiambo, was murdered at point-blank range by a lone gunman in Embakasi, Tassia Estate along Outering Road on October 29, 2012.

A week prior to his death, Ojiambo was set to appear before the Agriculture, Co-operatives parliamentary committee for questioning over the alleged financial scams, and massive fraud cover-ups as revealed in SARSA’s confidential report in 2012.

The late Ojiambo was in charge of reconciling collections from the cashiers and ATM withdrawals with the computer entries and had prepared to present a report on the ATM scheme to the parliamentary committee.

Ordinarily, SACCOs are allowed to borrow a maximum borrowing of 25 per cent of the total value of assets upon an AGM authorisation through a resolution by all members.

0 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail
Entertainment

Photos: 20-Year-Old Beautiful Azimio Girl Behind Governor Sakaja’s Fast-Growing TikTok Account

by Daily Trends
written by Daily Trends

Nairobi County Governor Johnson Sakaja Saturday announced that he had joined the now famous social media platform, TikTok.

With barely two days of joining the platform, Sakaja has already gained over 206,000 followers as at the time of publishing this article.

Behind the fast growth of his, there is a 20-year-old lady who has been running it since its launch on Saturday.

Speaking on Saturday, January 29 while unveiling the account, Governor Sakaja revealed that the 20-year-old content creator Mbaka Wainaina was behind his new TikTok account.

“I can see everyone is asking who is the one person am following, it is my social media manager, follow her as well,” Sakaja announced while introducing her to the public.

Though a famous TikToker, Mbaka came to the limelight during the campaigns ahead of the 2022 general election.

She had been campaigning for Azimio and pushed hard to influence her followers in voting for her fellow woman, NARC Kenya party leader, and Azimio running mate Martha Karua.

She worked closely with Diana Ngao, head of communications, Martha Karua’s secretariat. She is also a co-founder of Girls for Girls Teens.

Mbaka is the only person being followed by Sakaja on TikTok.

Below are some of the photos we picked from her TikTok account.

0 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail
Lifestyle

Ni Kubaya! More Kenyan Marriages To End in Premium Tears Following Latest Court Ruling

by Daily Trends
written by Daily Trends

More Kenyan marriages may soon end in premium tears.

This follows the latest supreme court ruling that was delivered by Supreme Court judges Philomena Mwilu, Smokin Wanjala, Njoki Ndungu, Isaac Lenaola and William Ouko.

According to the Apex Court judges, the doctrine of presumption of marriage is on its deathbed following changes to the matrimonial laws in Kenya.

So where does this leave Kenyans who have been in come we stay marriages for a very long time?

Well, the court said the presumption of marriage should only be used sparingly where there is cogent evidence to support it.

Therefore, no matter how long you live together with your spouse in a come we stay set up, it cannot be recognized as marriage.

“It is becoming increasingly common for two consenting adults to live together for long durations where these two adults have neither the desire, wish nor intended to be within the confines of matrimony,” they said.

“Where such a situation is evident and there is no intention whatsoever of contracting a marriage, the presumption of marriage must never be made where this intention does not exist. It must always be remembered that marriage is a voluntary union. As such, courts should shy away from imposing ‘marriage’ on unwilling persons,” they added.

They said they recognise that there exist relationships where couples cohabit with no intention whatsoever of contracting a marriage.

For instance, the court observed that a person may have been in a marriage before and the marriage is no more due to the death of a spouse or divorce and due to their prior experiences, such persons may choose to have an interdependent relationship outside of marriage.

For others, the judges said, it may just be their desire never to marry but have a partner without the confines of marriage.

The judges urged the National Assembly, the Senate and the Attorney-General to formulate and enact Statute law that deals with cohabitees in long-term relationships, their rights, and obligations.

This ruling stems from a dispute between two long cohabitees who were fighting for an equal share of a property that they jointly acquired.

The case was first instituted by the man against the woman whom he claimed to be his wife.

His arguments were that they began cohabiting as husband and wife sometime in 1986 and that from joint savings, they purchased a property that later became the bone of contention after he was evicted from it.

0 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail
Latest News

Prof George Magoha’s Last Moments: What You Need To Know About Cardiac Arrest

by Mustafa Juma
written by Mustafa Juma

Former Education Cabinet Secretary Prof. George Magoha Tuesday evening collapsed at his Nairobi home was taken to the Nairobi Hospital where he was pronounced dead.

Prof Magoha, 71, suffered Cardiac arrest and efforts to resuscitate him failed.

Prof. Walter Mwanda, Prof Magoha’s friend who is a medical doctor at the Kenyatta National Hospital (KNH), said at the Lee Funeral Home on Tuesday night that he received a call from Dr. Barbara Magoha, the widow of the former Education Cabinet Secretary, informing him that Prof. Magoha needed urgent medical attention.

Mwanda said he rushed to the ex-minister’s Nairobi home, and together with his (Magoha’s) family members, took him to Nairobi Hospital, where he was pronounced dead shortly after arrival.

What is Cardiac Arrest?

Cardiac arrest, sometimes called sudden cardiac arrest, means that your heart suddenly stops beating. This cuts off blood flow to the brain and other organs. 

Cardiac arrest is quick and drastic: You suddenly collapse, lose consciousness, have no pulse, and aren’t breathing. Right before it happens, you could be very tired, dizzy, weak, short of breath, or sick to your stomach. You may pass out or have chest pain. But not always. Cardiac arrest can happen with no warning signs at all.

So what happens when you suffer cardiac arrest?

Your heart has an electrical system that keeps it beating regularly. Cardiac arrest can strike if the electrical signals go haywire and cause an irregular heartbeat, or arrhythmia.

There are different types of arrhythmias, and most aren’t dangerous. One called ventricular fibrillation triggers cardiac arrest the most. If this happens, the heart can’t pump enough blood to your body. That’s life-threatening within minutes.

Many people who have cardiac arrest also have coronary artery disease. Often, that’s where the trouble starts. Having coronary artery disease means less blood flows into your heart. This can lead to a heart attack that damages your heart’s electrical system.

Cardiac arrest can also happen for other reasons, including:

  1. Major blood loss or severe lack of oxygen
  2. Intense exercise, if you have heart problems
  3. Too high levels of potassium or magnesium, which could lead to a deadly heart rhythm
  4. Your genes. You may inherit certain arrhythmias or a tendency to get them.
  5. Changes to your heart’s structure. For instance, an enlarged heart or changes caused by an infection.
0 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail
Business

KURA Director General’s Mistress Incensed After Mising Road Deal

by Daily Trends
written by Daily Trends

The Kenya Urban Roads Authority (KURA) Director General’s Mistress is on the spotlight for influencing tenders in the government parastatal over a deal gone sour.

The KURA Director General Silas Kinoti’s mistress who works as a clerical officer in the authority was incensed after a tender was awarded not in her favour.

The DG’s mistress Judy Mose is said to have threatened to revenge after a roads tender in which she had a direct interest was awarded to a different contractor despite the fact that the Director-General had assured her of the tender.

A furious Mose has sworn to teach the Acting Director, Urban Roads Planning and Design Engineer Jacinta Mwangi for frustrating her efforts of landing the deal.

Mwangi is not happy with Mose’s tricks in the multibillion roads agency whose mandate is the management, development, rehabilitation and maintenance of national urban trunk roads.

The Acting DG has been insisting that public procurement laws must be followed to the latter as she sealed loopholes used as corruption.

Trouble started when the authority floated tender number KURA/RMLF/CE/056/2020-2021 for the Periodic Maintenance of Lot 7 Roads Nanyuki/Sweet Waters Road /Ngoro/ Theru/ Nanyuki Road in Nanyuki Municipality worth KShs 14.2 million.

The tender was awarded to a contractor by the name Kaboi Building Contractors Ltd on October 12, 2020, to the disappointment of Judy, who immediately stormed the Director-General Engineer Silas Kinoti’s office to protest.

A tweet by prominent and controversial lawyer Ahmednasir Abdullahi who has a twitter following of 2 million followers raised the alarm and attracted attention on the influence that the junior officer at the authority has courtesy of her alleged love relationship with the DG.

Kenyans went viral with Ahmdnasir;s tweet and challenged the Directorate of Criminal Investigation (DCI) and the Ethics and Anti-Corruption Commission (EACC) to take necessary action at the KURA headquarters

Kenyans on Twitter have exposed KURA DG Mistress who influences Tenders and has been having an affair with the KURA DG who is under the heavy spotlight for trying to extend his term illegally. A Viral Tweet by Lawyer Ahmednasir ignited the debate that has been trending on Twitter for two days now as Kenyans turn the heat on DCI and EACC, demanding immediate action on the scandals.

0 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail
Business

Your Salaries Are Not Safe! How Cooperative Bank is Stealing From Millions of its Customers

by Daily Trends
written by Daily Trends

Kenya’s Co-operative Bank may have lost around 18,000 customers in the first half of 2022-23, following a plethora of accusations and poor publicity precipitated by its own internal poor controls and alleged corruption.

A banking insider told reporters he regarded the loss of any customer as a “irreparable damage” but argued the numbers leaving were not as bad as might have been expected, given the negative publicity that has hounded the bank.

“When you consider what the bank has gone through I don’t think it’s a bad outcome, but I certainly don’t want to appear, or nor am I, complacent about it,” the banker said.

The recent move, by some members of the Kenya Military, Police and Prisons services follows the varying charges on the RTGS. This, compared to the rest of the players, gives the bank hefty profits for a service offered freely by industry players,” says an insider with knowledge of the goings on.

“In most cases, when an employee is paid his or her salary, it is expected that the transfer is done free of charge. But, in the case of Cooperative Bank, they charge an amount, which is its right meaning is theft or rip-off. The bank is simply stealing from millions of its customers and you can imagine the money they collect at the end of the month,” says a member of the Armed Forces, Mwangi Daniel.

The customer loss was revealed on after the bank reported a narrower profit for the first six months of 2022-23.

Hot on the heels of a case of the bank charging Sh42 for alert messages, a case in Migori County where the bank unleashed auctioneers on a customer and case where a dead client.

In January social media influencer Pius Kinuthia reported that a family in Mogori sued the bank for damages, something that took the social media community by storm leading to the affected family suffering irreparable losses.

The move to sue the Migori branch manager invited a public outcry but as usual, the bank’s PR Department responded with hubris and condescending messages.

In another case, a customer accused the bank of deducting money from the mother’s account while the elederly customer was criticalluy ill in hospital.

Coop Bank, in their usual reply template, said in a message signed off by FN: “Hello, please DM the account holder details incluing the account number, mobile number and the date they visited Maua branch so we may do a follow up.”

A customer Edwin Ochieng said that money was educted from his account without his knowledge.

The bank was left fighting for its survival after a massive capital shortfall was exposed in June last year following a failed bid to buy of branches from loss making Jamii Bora Bank one of the worst performing financial institutions in the country.

Jamii Bora was rescued when investors including Saccos and farmers agreed to a recapitalisation which meant Co-op Group went from outright owner to holding just a small percent stake.

The bank’s problems were exacerbated when current Managing Director and CEO Gideon Muriuki was named in many cases and innuendos touching on his ownership of land and other property, including a case on his private life that generated lurid headlines in Kenyan social media platforms.

The negative publicity likely resulted in some customers becoming disillusioned with the bank, which had built its reputation around ethical credentials such as not investing in weapons, tobacco and alcohol manufacturers.

Despite that, insiders say Co-op Bank attracted nearly 10,000 new customers during the period, leaving it with a net loss of 28,199 current or checking account holders, equivalent to nearly 2 percent of the total.

Kenyans are often reluctant to move between banks because of the perceived difficulties involved, although new rules that guarantee the paperwork will be completed within seven working days have lifted the number switching.

Kenya’s third-biggest lender reported a pretax profit of more than Sh11 billion compared with a slight change over the same period the previous year, though banking insiders attribute the figures to massaging of the accounts.

“It is not rosy at the bank. Things have not been good and the net effect is that the management, using position and influence in the industry can make the figures glossy as they can be. Afterall, it is a private entity, only regulated by the Central Bank of Kenya,” says an insider.

Co-op Bank also said its core Tier 1 capital ratio, a key measure of financial strength, stood at 11.5 percent at the end of June and was expected to be significantly above the previous guidance of 10 percent at the end of 2020.

The bank raised an additional Sh400 million from investors in May after its Tier 1 ratio slipped to 7.2 percent, dangerously close to the 7 percent absolute minimum required by the financial regulator.

“A large proportion of our cost is in people and, consequently, we will continue to see job reductions. There have been one or two redundancy programmes and I believe there will be one or two more in that respect,” he said.

An independent review commissioned by the bank, published in April, concluded that the root of the bank’s problems lay in its 2009 takeover of the Jamii Bora Bank and poor management controls.

On the other end, it is claimed in many places that the bank made a hefty donation to the Kenya Kwanza campaign during the last General Elections in which William Ruto floored ODM leader an Azimio Presidential candidate Raila Odinga.

During the last days of the campaign run, Coop Bank CEO Muriuki is alleged to have visited the Hustler Campaign headquarters with a donation of Sh200 million, though some people quote a different figure.

0 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail
Latest News

Museveni’s Brother And His Concubine Implicated in Scumming Bishop’s Family of Their Land 

by Daily Trends
written by Daily Trends

Media in Uganda has been awash with a scandal involving President Yoweri Kaguta Museveni’s younger brother and a woman said to be his side chick and also a senior staff at the Ugandan State House.

According to a story published by the country’s main online publication – New Vision, State House had been reported to be behind the plot to defrauded the family of late Bishop Shalita of their land with the help of Museveni’s brother Shadrach Kaguta Nzeire.

A later publication, however clarified that State House was not in anyway behind the plot.

“Our core investigations unearthing the orchestrated plans to grab the late Bishop Shalita’s land in Kiruhura has exonerated State House whose reputation had been brought to near shame. One State House Staff has meticulously, for a long time managed to make different bodies of Government knock heads over a scandal involving a few members of the first family attempting to steal Bishop Shalita’s land at Ekimomo, Kyeera, Kayonza, Kikatsi in Kiruhura district.”reads the story.

One Ndyomugyenyi Sandra, it is reported has been in a secret marital affair with the Kaguta brother who often prefers calling himself “Kaguta”, to cunningly evoke his relationship with H. E The President and intimidate unknowing victims of his trade.

Some of the Government officials who have talked to our reporter in confidence allude to the inconvenience of the selfish behavior of the duo. Officials have been intimidated almost to submission.

“The trick stars alleging the President sends them to relay his State House directives aggressively on a daily basis coerce the officials to effect the unwritten directives of the President,” one senior Government official lamented.
 
In a recent meeting held under the auspices of Ministry of Lands at the Hearing of the Bishop Shalita and Kajundira fraud title scam, a one Grace Majoro rebuffed Sandra in public putting her on the back foot when Grace said “” State House does not make verbal orders, they always  make formal written communications.”

Sandra was able to save her face by staging a walkout.
Deep findings revealed that the lady purporting to be dragging State House into the 4 illegal title woes, the said Sandra Ndyomugenyi is indeed acting on her own.
This is not the first time Ndyomugyenyi is facing ‘fire’ and being distanced by State House.

Last year the Presidential Press Secretary released a statement rubbishing a letter signed by Ndyomugyenyi on behalf of the President’s Private Secretary Dr Kenneth Omona.

This was in a matter involving an allegation of non-payment to cyber security experts where Sandra Ndyomugyenyi, purportedly wrote on behalf of the Principal Private Secretary to H.E the President without authorization, in reference to a complaint about Non-Payment for work done by Cyber Security Experts.

“We would like to assure the general public to totally disregard the letter and its contents for it is baseless, false and should be treated with the full contempt it deserves,” PPU said in a statement dated 28th October, 2022.

Documentary Evidence

Highly confidential documents we have seen reveal that Ndyomugyenyi is intimately working to promote the interests of Nzaire Nuwomugisha Sedrack, alias Kaguta, President Museveni’s younger brother who is also the NRM Chairperson of Kiruhura District where the purported illegal four titles were planned from.
The offices of the Chairperson NRM Kiruhura district where Nzaire sits

Conflict Of Interest Unearthed.

Sandra Ndyomugenyi works as a Legal aide in State House, where she is supposed to mediate neutrally when issues regarding conflict resolution are brought before the Fountain of Honor.

For starters, the lawyers MNA (Mpamizo, Nabaasa & Akineza Advocates) representing the Christopher Kajundira, (the alleged grabbers of the late Bishop Shalita land) are the same lawyers working for Sandra Ndyomugenyi  in her  other private matters which documents show she has joint interests with Nzaire.

Top State House officials have revealed to us in confidence that State House as headed by H.E President Museveni is not taking any sides in the land wrangle that has lasted for over 30 years and more so when Courts have already pronounced themselves over the matter.

We can reveal that Sandra Ndyomugyenyi in an affidavit application in support of a Caveat of a property allocated jointly to her and Nzaire by the Departed Asians Property  Custodian Board, located on Plot 2 Fort Road LRV 118 Folio 8, located at Old Kampala,
 
Kampala, she uses the same lawyers representing the late Kajundira family, as her lawyers in the matter. Evidently this was not planned by State House.

Fictitious Property Allocation Busted

On October 12 2021, the Departed Asians Property Custodian Board issued a temporary allocation of a property on Plot 2 Fort Road LRV 118 Folio 8 Kampala (See letter below) to Sandra Ndyomugenyi and Nzaire Nuwomugisha Sedrack.

This was in response to her application of 15 Sept 2021. Surprisingly, DAPCB allocated the property in just one month!
 
The allocation letter was signed by Bizibu George William the Executive Director DAPCB. (look out for the details in one of our publications )

Who is Nzaire in the Illegal title scam

An Incontrovertible source has revealed to our reporter, how Nzaire has been the architect of the creation of the 4 illegal titles over land occupied and owned by Bishop Shalita’s family and realtives. Thescam was processed through the Kiruhura Land Board.  Nzaire is Chairman of the ruling party in the same District.

It has been revealed that Nzaire’s interest goes beyond the obvious marriage relationship with the Kajundira’s, a plot to buy the land from Kajundira’s after the battle with the Family and relatives of Bishop Shalita has already been mooted between Nzaire, and one other younger Kaguta brother of his.

Blood Relationship 

It is now a well-confirmed fact that Nzaire Kaguta is related through marriage to the family of Kajundira and therefore, he must have found it inevitably strategic to use his powers in Kiruhura to perfect the crime with the creation of the 4 illegal titles on Block 90 Plot 12 in 2022, and have them mounted on top of the old existing Survey of Bishop Shalita of 2005, with the assurance of protection from his well placed Sandra.

0 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail
Business

How To Make Money Online in 2023

by Mustafa Juma
written by Mustafa Juma

Making money online can be a great way to get started in your career, and there are many different ways to do it.

Whether you want to start a blog and sell advertising, or set up an online store and sell products, there are endless opportunities to make extra money from home or online.

Here are just some of the ways you can make extra money online:

Start a blog

This is a great way to start making money online if you have a passion for writing and want to write about a particular topic that you’re interested in.

Your blog could focus on a hobby that you have, such as cooking or gardening, or you could write lifestyle blog posts about things that are important to you, such as travel or fitness.

Once your blog is established, you can start selling advertising space on your blog to companies who are interested in reaching your target audience.

This is called affiliate marketing, and it’s a great way to make money from your blog without having to create any products of your own.

Open an online shop

If you want to start selling products online, you can set up your own online store using Etsy or Shopify.

You’ll first need to set up a store with your products, then promote your store through social media and various marketing strategies.

As your sales increase, you can make more money by upselling to your customers by offering related products, as well as charging higher shipping fees.

Sell photos online

If you have a good eye for photography, you could make money by selling your photos online on sites like Shutterstock and iStockPhoto.

You will need a high-quality camera to take good-quality photos, so if you don’t have one already you will need to invest in one to get started.

Selling your photos online is a great way to earn passive income that you can build up over time.

Create YouTube videos

If you enjoy creating videos and sharing them on YouTube, you could make money by creating entertaining videos that people watch and share with their friends.

To make your videos more appealing, you could also incorporate product reviews into your videos to help people find the best products on the market.

  • Collaborate with other creators

Another way to monetize your YouTube channel is to collaborate with other YouTube creators on a collaborative video.

This allows you to reach a wider audience by promoting other people’s content on your channel, and it also gives both of you an opportunity to make money from your collaboration by sharing ad revenue from the video.

Start a podcast

If you enjoy watching podcasts, you could start your own podcast and share your passion for a particular topic with your listeners.

Sponsorships are the most common way podcasters make money. This is when the podcast promotes the sponsor during the show.

You probably hear your favorite shows plug their advertisers a few times in every episode.

How much you earn from a sponsor depends on the number of downloads your episodes earn. Sponsors pay on a cost per mille basis (mille is Latin for “thousand”). Rates range from $18 to $50 CPM, though hugely popular podcasts can pull in a lot more.

Freelance Writing

There are several online academic and article writing platforms such as Iwriter, Upwork, Fiverr, Bluecorp. etc, where you can make good use of your writing skills to make money.

You can make over 1,000 shillings from such writing platforms.

Forex Trading

Forex trading is all about buying and selling currencies online. It is a platform where traders and investors exchange, buy and sell world currencies.

It is a lucrative venture that however needs you to get some proper training before you start making a fortune. Various online platforms offer such training services at a fee.

1 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail
Business

Angry Kenyans Contemplate Quitting Cooperative Bank Over Illicit E-Banking Charges

by Daily Trends
written by Daily Trends

Kenyans banking with the Co-operative bank of Kenya are angry over what they have termed as illicit charges applied by the bank on their e-banking services.

The Co-operative Bank of Kenya charges clients a total of Sh22 to buy Safaricom credit worth Sh10.

The deductions include a Sh10 for the airtime, Sh10 (bank charges) and Sh2 (excise duty).

Clients have been voicing oppositions over high charges, coming at a time when a majority of them are facing tough economic challenges induced by the coronavirus.

A section of them have taken to social media to claim that they will soon dump the bank over the hiked charges.

MPs increased excise duty on airtime and data to 20 percent from 15 percent, which is expected to earn the Government Sh8 billion from operators such as Safaricom, Telkom and Airtel.

Central Bank of Kenya (CBK) reinstated charges on transfer of funds from Banks to MPesa wallets, representing a win for financial institutions.

On March 16 2020, the Government waived charged as part of an emergency plan to encourage mobile money transaction at the height of Covid-19 pandemic.

0 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail
Latest News

Nairobi South Hospital Fined shs 7 Million For Detaining Two Infants

by Daily Trends
written by Daily Trends

The High Court has fined the Nairobi South Hospital shs 7 million for detaining two minors whose parents were unable to settle a hospital bill.

In February 2021, a couple Charles Kyalo Ndonye and Virginia Adhiambo Olembo visited the hospital and Virginia gave birth to quadruplets through C-section.

In petition no. E082 of 2021 dated 17th March 2021, the parents said that the minor’s rights were violated.

They sued the hospital demanding kshs 48 million in damages.

According to court documents, Virginia Adhiambo Olembo four (4) sons were prematurely delivered through a C-section on 11th February 2021 at the Hospital.

The Hospital said it had to purchase two more CPAP machines to accommodate the four (4) minors.

Since they were underweight they were kept at the Neonatal Intensive Care Unit.

They therefore required specialized care and treatment which came at a considerable cost.

The Hospital said two of the minors were discharged into their grandmother’s care upon attaining the required weight, since their mother still needed medical care.

This was on 26th February 2021.

Their mother was later discharged on 5th March 2021 but the two other minors remained behind due to their low weight.

They were later discharged on 14th March on the recommendation of the Pediatric doctor-the hospital said in court documents.

The Nairobi South Hospital said that as at the time of discharge of the first two minors and the mother, the pending bill was Kshs. 1,467,429.

Charles Kyalo Ndonye was to pay Kshs. 200,000/= by 8th March 2021.

At the time of discharge of the remaining minors (25th March 2021) the outstanding bill was Kshs. 3,137,848.83, which the hospital said is yet to be settled.

The hospital said all along the parents have never been serious about settling the bill.

The hospital said in court documents that even the pledge Ndonye made on 15th March 2021 has never been honored.

The Hospital said it complied with Article 43(1)(e) of the constitution by offering medical services to Virginia and her four (4) babies.

The couple’s medical Insurance AAR undertook to only pay Kshs. 200,000/= as the limit.

The hospital said the couple never notified it that they were not able to settle the charges for a private facility.

Nairobi South Hospital said that before starting an online campaign to tarnish its name, the couple had never made any offer of settling the bill.

However, High Court Judge H. I  Ong’udi said the Hospital violated the couple and the minor’s rights by holding onto the minors as lien as a condition for payment of the outstanding hospital medical bill.

According to the Court, the infants were detained at the Nairobi South Hospital for 10 days between 15th March 2021 to 25th March 2021.

“I find an award of Kshs. 3,000,000/= for each minor to be appropriate. I award the petitioners Kshs. 500,000/= each,” the Judge ruled.

The Court said that the conduct of holding onto the minors as a condition for payment of the outstanding medical bill is unlawful and unconstitutional as it violates the minor’s rights under Articles, 28, 29(1), 53(1) (c) 7 (f) and the petitioner’s rights under Article 25(a).

The ruling was delivered on 20th December 2022.

The Hospital is located in Nairobi’s South C region.

0 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail
Entertainment

How to Watch New Netflix Show Kaleidoscope

by Mustafa Juma
written by Mustafa Juma

Are you looking for a new show to watch on Netflix? Look no further than kaleidoscope. This new show is definitely worth your time.

Kaleidoscope is a unique show that will leave you on the edge of your seat. This show is one part detective, one part sci-fi, and two parts mystery. Every episode is filled with twists and turns that will keep you guessing until the very end.

Creator Eric Garcia intended his new Netflix show Kaleidoscope to be something his audience can participate in—and that’s exactly what we got.

The resulting heist drama starring Giancarlo Esposito is an elaborate choose-your-own-adventure story that invites viewers to put the pieces together as they watch the show.

Each episode is titled with a color, rather than a number, which influences the tone and visuals of each part of the story. The episodes are said to be arranged randomly for each viewer, except for the finale, which appears last.

Netflix says that “the order in which [viewers] watch the episodes will affect their viewpoint on the story, the characters, and the questions and answers at the heart of the heist.”

So, there are a lot of potential ways to watch everything unfold, but before you see the series, how would you know?

The episode titled “White” is designed to function as a the finale, revealing the answers to a lot of questions throughout the show.

It is not intended to be in any order except last, because it will spoil some things in other episodes. But it is not the actual ending of the story in the chronological sense. To see things along a linear timeline, the order is as follows:

“Violet,” “Green,” “Yellow,” “Orange,” “Blue,” “White,” “Red,” “Pink.”

The overall story spans over two decades, so if you were to get the exact dates of each episode, they are:

Violet: 24 years before

Green: 7 years before

Yellow: 6 weeks before

Orange: 3 weeks before

Blue: 5 days before

White: present (the heist)

Red: 1 day after

Pink: 6 months after.

Again, this is not how Eric Garcia wants people to watch the show. It might, though, be a satisfying way to review the show if you’ve already gone through it another way.

There are a lot of moving pieces, so one final review in chronological order will probably clear up some things that you didn’t catch on the first viewing.

Be random as hell.

Some Redditors have said that logging into Netflix on different devices has presented the order of the episodes to them differently.

It still generally suggests “White” last, the episode that shows the heist itself and everything that goes wrong. Go with whatever the algorithm offers and see what happens.

Another option is to just hit random episodes for yourself and experiment. The possible downside of this is that you might end up watching an episode and not really know (or care about) who anyone is.

Part of watching a show is getting familiar with character dynamics, their background and motives, and why what they’re doing matters, so jumping in at the highest stakes moment could feel anti-climatic.

However, these characters are all played by very engaging actors and the set pieces will suck you in to wonder what happens next.

Go heist first.

Starting with “White” and watching the heist first is exactly the kind of problem described above. Viewers will suddenly be dumped into the culmination of all the plotting and planning and not know who is who and what is what.

It might make you inclined to investigate.

Similarly, “Red” shows the immediate aftermath of the heist and could offer many of the same mysteries to unravel without spoiling what happens at heist time.

Try rainbow order.

Watching the episodes in the ROYGBIV order seems like it might unlock some secret way to enjoy the series, except there’s no “Indigo” episode. Sub in “White” there and see what happens. Or sub in “Pink” and never watch the heist episode at all.

Starting with “Red” means starting with the moment of extreme crisis, then “Orange” downshifts into heist planning stages. This order will definitely jump around the highs and lows.

Watch it in reverse.

That would mean: “Pink,” “Red,” “White,” “Blue,” “Orange,” “Yellow,” “Green,” “Violet.”

Starting with “Pink” means seeing where everyone ends up and then going back through to how they got there. If you want to honor Garcia’s vision, you can still save “White” for last, or put it back where it belongs chronologically after “Red.”

This lets characters age in reverse, come back to life, and arrive at the moment that sets them off in the wrong (or right) direction.

Start with the heist coming together.

The story centers around a man who is trying to get revenge on his former crime partner, and that set-up is covered in “Violet.”

All that background adds a lot of context for why the heist is happening, but it might be more fun to start with just the group being assembled, like in classic heist film Ocean’s 11.

In that case, start with “Yellow,” where Leo (Esposito) brings together cast Paz Vega, Rosaline Elbay, Peter Mark Kendall, and Jordan Mendoza. That way you can watch the rest of the show with some idea of who everyone is and their relationship to one another.

Then going back to “Violet” and “Green” will give more context or can be sprinkled in when you feel ready to know more about Leo and why he’s so determined to break into these particular vaults.

The ending of every episode in Kaleidoscope is very creative. The show makes the closing credits almost feel like a missing scene from a movie.

Sometimes they’re full of clues about what’s going to happen next and sometimes they’re just some cool visual moments. My favorites were the ones that give a glimpse of the overall mythology of the show.

You can skip most of the credits if you want to see a glimpse of what’s to come next or just go straight through to see the final seconds of the show.

At the end of each episode there’s a special moment that I like to call the “Spotlight Moment.” It’s almost like a mini-climax that follows the lead up of the episode, though it’s technically still part of the plot.

0 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail
Business

The 10 Richest People in The World In 2022

by Mustafa Juma
written by Mustafa Juma

Forbes puts the number of billionaires in the world at 2,668 in 2022.

Those who make it to the list are mostly founders of technology giants, with much of their wealth still invested in the companies they started.

With so much of their wealth in publicly traded stocks, the net worth of the richest can fluctuate with market valuations.

Bernard Arnault, co-founder, chair, and CEO of LVMH Moët Hennessy Louis Vuitton, is the richest person and the richest man in the world with a net worth of $172.9 billion.

Behind Arnault is co-founder and CEO of Tesla, Elon Musk who recently bought Twitter.

Below are the 10 wealthiest people on the planet as of the same date, according to the Bloomberg Billionaires Index.

1.Bernard Arnault

Bernard Arnault profile, age, Residence, Networth

Age: 73

Residence: Paris

CEO and Chair: LVMH

Net Worth: $172.9 billion

Christian Dior Ownership Stake: 97.5% ($132 billion total)

Other Assets: Moelis & Company equity ($25 billion public asset) and $10.3 billion in cash

French national Bernard Arnault is the chair and CEO of LVMH, the world’s largest luxury goods company. LVMH brands include Louis Vuitton, Hennessey, Marc Jacobs, and Sephora.

Most of Arnault’s wealth comes from his massive stake in Christian Dior SE, the holding company that controls 41.2% of LVMH. His shares in Christian Dior SE, plus an additional 6.2% in LVMH, are held through his family-owned holding company, Groupe Familial Arnault.

An engineer by training, Arnault first showed his business acumen while working for his father’s construction firm, Ferret-Savinel, taking charge of the company in 1971. He converted Ferret-Savinel to a real estate company named Férinel Inc. in 1979.

2. Elon Musk

Elon Musk profile, age, Residence, Networth

Age: 51

Residence: Texas

Co-founder and CEO: Tesla

Net Worth: $168.5 billion

Tesla Ownership Stake: 15% ($63.6 billion)

Other Assets: Space Exploration Technologies ($46.9 billion private asset), The Boring Company ($3.33 billion private asset), Twitter ($20.2 billion private asset)7

Elon Musk is the second-richest man in the world. He was born in South Africa and attended a university in Canada before transferring to the University of Pennsylvania, where he earned bachelor’s degrees in physics and economics.

Two days after enrolling in a graduate physics program at Stanford University, Musk deferred attendance to launch Zip2, one of the earliest online navigation services. He reinvested a portion of the proceeds from this startup to create X.com, the online payment system that was sold to eBay and ultimately became PayPal Holdings.

In 2004, Musk became a major funder of Tesla Motors (now Tesla), which led to his current position as CEO of the electric vehicle company. In addition to its line of electric automobiles, Tesla produces energy storage devices, automobile accessories, and, through its acquisition of SolarCity in 2016, solar power systems. Musk is also CEO and chief engineer of Space Exploration Technologies (SpaceX), a developer of space launch rockets.

In 2020, Tesla shares soared 740% to propel Musk up the wealth rankings. In December 2020, Tesla joined the S&P 500, becoming the largest company added. In January 2021, Musk became the richest person in the world—a title he held till December 2022, when his net worth fell due to a decrease in Tesla’s share price over the year.

Musk asked his Twitter audience on Nov. 6, 2021, whether he should sell 10% of his Tesla stock, framing the issue as a response to criticism of unrealized capital gains as a means of avoiding taxes. He proceeded to sell shares worth $16.4 billion over the remainder of 2021.

Thanks to the surge in Tesla shares in 2021 and private transactions boosting the reported valuation of SpaceX, Musk’s lead in the global wealth rankings continued to grow. His net worth hit a high of $340 billion in November 2021.

In April 2022, Musk began a campaign to take Twitter private, which culminated in a $44 billion buyout. Musk planned to fund the deal with $21 billion of his own capital. In the run-up to the buyout announcement, Musk sold 9.6 million shares of Tesla, valued at roughly $8.5 billion.

In July 2022, Musk decided to back out of the Twitter buyout. Twitter filed a lawsuit against Musk to force the buyout to go through. Musk countersued the company but then reversed course and declared he was willing to buy Twitter after all. The deal officially closed in October 2022, giving him an almost 80% stake in the company.

3.Gautam Adani

Gautam Adani profile, age, Residence, Networth

Age: 60

Residence: Gurgaon, India

Founder and Chair: Adani Group

Net Worth: $125 billion

Adani Enterprises, Adani Power, and Adani Transmissions Ownership Stakes: 75% each ($72.45 billion)

Other Assets: 66% of Adani Ports & Special Economic Zone ($12.2 billion public asset), 61% of Adani Green Energy ($22.6 billion public asset), 37% of Adani Total Gas ($18.1 billion public asset).

Gautam Adani, the founder of Adani Group, surpassed Mukesh Ambani in March 2022 as the richest person in Asia. Through his ownership of the Adani Group, Adani owns major stakes in six key Indian companies, including a 75% stake in Adani Enterprises, Adani Power, and Adani Transmissions, as well as a 66% stake in Adani Ports & Special Economic Zone, 61% stake in Adani Green Energy, and a 37% stake in Adani Total Gas.

Adani entered the power generation market in 2009 with Adani Power. Adani created Adani Enterprises in 1988 to import and export commodities. In 1994, his company was granted approval to develop a harbor facility at Mundra Port, which is now the largest private port in India.

Adani dropped out of college and previously worked in the diamond trade. Adani now has the largest port operator, closely-held thermal coal producer, and coal trader in India. In 2020, he purchased a 74% stake in Mumbai’s Chhatrapati Shivaji International Airport, India’s second-busiest airport.

4. Bill Gates

Bill Gates profile, age, Residence, Networth

Age: 67

Residence: Washington

Co-founder: Microsoft.

Net Worth: $115 billion

Microsoft Ownership Stake: 1.3% ($26 billion)

Other Assets: $55 billion in cash and billions over multiple other companies.

While attending Harvard University in 1975, Bill Gates went to work alongside his childhood friend Paul Allen to develop new software for the original microcomputers. Following this project’s success, Gates dropped out of Harvard during his junior year and founded Microsoft with Allen.

The largest software company in the world, Microsoft, also produces a line of personal computers, provides email services through its exchange server, and sells video game systems and associated game devices. It has recently invested heavily in cloud services.

Gates shifted from the company’s CEO to the role of board chair in 2008. He joined Berkshire Hathaway’s board in 2004. He stepped down from both boards on March 13, 2020.

Bill Gates has much of his net worth in Cascade Investment LLC. Cascade is a privately-held investment vehicle that owns a variety of stocks including Canadian National Railway, Deere, and Republic Services, as well as private investments in real estate and energy.

5. Jeff Bezos

Jeff Bezos profile, age, Residence, Networth

Age: 58

Residence: Washington

Founder and Executive Chair: Amazon

Net Worth: $114 billion

Amazon Ownership Stake: 10% ($89.9 billion)

Other Assets: Blue Origin ($9.15 billion private asset), The Washington Post ($250 million private asset), and $14.5 billion in cash.

In 1994, Jeff Bezos founded Amazon.com in a garage in Seattle, shortly after he resigned from the hedge fund giant D.E. Shaw. He had originally pitched the idea of an online bookstore to his former boss David E. Shaw, who wasn’t interested.

Though Amazon originally started out selling books, it has since morphed into a one-stop shop for everything under the sun and is expected to overtake Walmart as the world’s largest retailer by 2024. Amazon’s pattern of constant diversification is evident in some of its unexpected expansions, which include acquiring Whole Foods in 2017 and entering the pharmacy business the same year.

Bezos owned as much as 16% of Amazon in 2019 before transferring 4% to his former wife, MacKenzie Scott, as part of their divorce proceedings. In 2020, Amazon’s share price jumped 76% on the heightened demand for online shopping amid the COVID-19 pandemic. On July 5, 2021, Bezos stepped down as CEO of the e-commerce giant, becoming its executive chair.

On July 20, 2021, Bezos, his brother Mark, aviation pioneer Wally Funk, and Dutch student Oliver Daemen completed Blue Origin’s first successful crewed flight, reaching an altitude of more than 66 miles before landing safely. Bezos’ wealth peaked at $211 billion in the same month.

6. Warren Buffett

Warren Buffett profile, age, Residence, Networth

Age: 92

Residence: Nebraska

CEO: Berkshire Hathaway

Net Worth: $108 billion

Berkshire Hathaway Ownership Stake: 14% ($107 billion)

Other Assets: $1.10 billion in cash.

The most famous living value investor, Warren Buffett filed his first tax return in 1944 at age 14, declaring earnings from his boyhood paper route. He first bought shares in a textile company called Berkshire Hathaway in 1962, becoming the majority shareholder by 1965. Buffett expanded the company’s holdings to insurance and other investments in 1967.

Widely known as the Oracle of Omaha, Buffett is a buy-and-hold investor who built his fortune by acquiring undervalued companies. More recently, Berkshire Hathaway has invested in large, well-known companies. Its portfolio of wholly owned subsidiaries includes interests in insurance, energy distribution, and railroads as well as consumer products.

Buffett is a notable Bitcoin skeptic.

7. Larry Ellison

Larry Ellison profile, age, Residence, Networth

Age: 78

Residence: Hawaii

Co-founder, Chair, and CTO: Oracle

Net Worth: $93.7 billion

Oracle Ownership Stake: 40%+ ($68.3 billion)

Other Assets: Tesla equity ($7.56 billion public asset), $17.2 billion in cash.

Larry Ellison was born in New York City to a 19-year-old single mother. After dropping out of the University of Chicago in 1966, Ellison moved to California and worked as a computer programmer.

In 1973, he joined the electronics company Ampex, where he met future partners Ed Oates and Bob Miner. Three years later, Ellison moved to Precision Instruments, serving as the company’s vice president of research and development.

In 1977, Ellison founded Software Development Laboratories alongside Oates and Miner. Two years later, the company released Oracle, the first commercial relational database program to use Structured Query Language. The database program proved so popular that SDL would change its name to Oracle Systems Corporation in 1982. Ellison gave up the CEO role at Oracle in 2014 after 37 years. He joined Tesla’s board in December 2018 and stepped down in June 2022.

Oracle is the world’s second-largest software company, providing a wide variety of cloud computing programs as well as Java and Linux code and the Oracle Exadata computing platform.

Oracle has acquired numerous large companies, including human resources management systems provider PeopleSoft in 2005, customer relationship management applications provider Siebel in 2006, enterprise infrastructure software provider BEA Systems in 2008, and hardware-and-software developer Sun Microsystems in 2009. In December 2021, Oracle agreed to buy medical records software provider Cerner for $28.3 billion in cash.

8. Mukesh Ambani

Mukesh Ambani profile, age, Residence, Networth

Age: 65

Residence: Mumbai, India

Owner: Reliance Industries

Net Worth: $89.6 billion

Reliance Ownership Stake: 42% ($90.1 billion total)

Other Assets: $410 million in real estate.

Mukesh Ambani is the chairman and managing director of Reliance Industries, the world’s largest oil refiner and one of the world’s most valuable companies.

The conglomerate was founded by Ambani’s father, Dhirubhai Ambani in 1966 as a textiles company and is now one of the leading segments of India’s economy. Reliance’s operations include oil and gas, petrochemicals, refining, retail, and media.

About half of Ambani’s wealth is derived from his stake in Reliance, which amounts to 42% of the public company. He owns Antilia, a real estate complex in Mumbai that’s worth $410 million. Ambani also owns the Mumbai Indians, a professional cricket team.

In 2016, Ambani launched a 4G phone network across India, netting more than 420 million subscribers, and is planning to launch 5G services.

9. Steve Ballmer

Steve Ballmer profile, age, Residence, Networth

Age: 66

Residence: Washington

Owner: Los Angeles Clippers

Net Worth: $89.3 billion

Microsoft Ownership Stake: 4% ($80.6 billion total)

Other Assets: Los Angeles Clippers ($3.16 billion private asset), $5.5 billion in cash.

Steve Ballmer joined Microsoft in 1980 after Bill Gates convinced him to drop out of Stanford University’s MBA program. He was Microsoft’s 30th employee. Ballmer went on to succeed Gates as Microsoft CEO in 2000. He held the position until stepping down in 2014. Ballmer oversaw Microsoft’s 2011 purchase of Skype for $8.5 billion.

Ballmer owns an estimated 4% of Microsoft, making him the software giant’s largest individual shareholder. In 2014, shortly after stepping down as Microsoft CEO, Ballmer purchased the Los Angeles Clippers basketball team for $2 billion

Ballmer lived in the same dorm and on the same floor as Bill Gates while the two attended Harvard University.

10. Larry Page

Larry Page profile, age, Residence, Networth

Age: 49

Residence: California

Co-founder and Board Member: Alphabet

Net Worth: $86.9 billion

Alphabet Ownership Stake: 6% ($72.8 billion total)

Other Assets: $14.1 billion in cash.

Like several of the tech billionaires on this list, Larry Page embarked on his path to fame and fortune in a college dorm room. While attending Stanford University in 1995, Page and his friend Sergey Brin came up with the idea of improving Internet data extraction. The duo devised a new search engine technology they dubbed Backrub after its ability to assess links to a page.

From there, Page and Brin went on to found Google in 1998, with Page serving as CEO of the company until 2001, and again between 2011 and 2019.

Google is the world’s dominant Internet search engine, accounting for more than 92% of global search requests. In 2006, the company purchased YouTube, the top platform for user-submitted videos.

Page was among early investors in Planetary Resources, a space exploration and asteroid-mining company. Established in 2009, the company was acquired by blockchain firm ConsenSys in 2018 amid funding problems. He has also shown an interest in flying car companies, investing in both Kitty Hawk and Opener.

Shares of Google soared almost 50% in 2021, moving Page and Brin up the billionaire list. Page’s net worth went from just below $52 billion in March 2020 to the current $86.9 billion.

Who Are the Top 10 Richest People in the World?

The top 10 richest people in the world are:

Bernard Arnault

Elon Musk

Gautam Adani

Bill Gates

Jeff Bezos

Warren Buffett

Larry Ellison

Mukesh Ambani

Steve Ballmer

Larry Page

Who Is the World’s Richest Man in 2022?

As of December 2022, the world’s richest man is Bernard Arnault, the co-founder, CEO, and chair of LVMH. He took over the top spot after Elon Musk’s net worth dropped due to the declining value of Tesla’s stock.

Who Is the Richest Woman in the World?

The richest woman in the world is Francoise Bettencourt Meyers. As of December 2022, her net worth is $73.6 billion. Her net worth is derived from her holdings in L’Oreal, the world’s largest cosmetics company.

0 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail
Politics

Not Funded By You: Charlene Ruto Clarifies The Structure of Office of The First Daughter

by Jacinta Mbithi
written by Jacinta Mbithi

President William Ruto’s daughter Charlene Ruto has come out to clarify on her ‘Office of The First Daughter’ remark after public outcry.

In a press statement issued Wednesday afternoon, Charlene said she referred to the entity handling her diary as Office of the First Daughter in private capacity.

Charlene clarified that the office was neither constitutional, nor was it drawing funds from the National Treasury.

The president’s daughter came under sharp criticism on Tuesday, December 13, when she introduced her delegation to Tanzania as members of staff at the Office of the First Daughter.

At the time, she was addressing delegates at the 2022 YouLead Summit held at the East African Community Headquarters in Arusha, Tanzania.

“The Office of the First Daughter is a private entity. It is neither a constitutional office, nor is it being funded by Kenyan taxpayers. It purely facilitates the activities and programmes run by myself,” Charlene Ruto said.

She further noted that the office amplifies the Kenyan youth’s voices in efforts to enable them get personal development opportunities.

“Through its independent structure and facilitators, the office has engaged various players across Kenya and beyond in line with some of its objectives of championing youth-based agenda and climate change advocacy,” said Charlene Ruto.

0 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail
Politics

VIDEO: South Sudan President Salva Kiir Wets His Pants At a National Event as His Guards Look On

by Mustafa Juma
written by Mustafa Juma

South Sudan President Salva Kiir Mayardit had an embarrassing moment on Monday, December 13, 2022 when he involuntarily wetted his pants while at a national event.

In a video that has since gone viral, Salva Kiir is seen letting urine flow down his trousers while standing as the country’s national anthem is sang.

His security detail, however, noticed the incident but just looked on.

In the video, the seeming embarrassed South Sudanese head of state is seen looking at himself, and stood still as if nothing was happening.

A section of netizens who have reacted to the video, however, have attributed the incident to a medical condition.

However, some argue that it could be a case of age.

The 71-year-old Kiir took over power in South Sudan in 2011 when the country had just been formed.

He had served as president of the semiautonomous region of southern Sudan while simultaneously holding the position of first vice president in the Sudanese national government (2005–11), and he has held the chair of the Sudan People’s Liberation Movement (SPLM) since 2005.

President Kiir was commissioning the newly completed 63 km Juba-Terekeka section, which is part of the 392 km Juba-Rumbek highway under construction by China’s Shandong Hi-Speed Co. Ltd (SDHS).

The road is designed to link Central Equatoria State which hosts Juba, the capital of South Sudan, with six other states across the east African country.

Kiir thanked the Chinese government for the cooperation that paved way for the construction of the road.

The SDHS started work on this major highway in November 2019 and currently, the company is working on the 216 km Awerial-Rumbek section.

Watch the video below.

0 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail
Load More Posts