The Peer will return $350,000 to investors after shutting down. | #return $350 #000 to investors

Economics and Trade

The Peer will return $350,000 to investors after shutting down.

When The Peer, a Nigeria-based API startup, shut down in April, the business still had up to twenty months of runway. The shutdown, which its founders blamed on an inability to find product-market fit, means investors will get some of their money back.

Kenyan Banks Raise Lending Rates as Shilling Depreciates. | #lending Rates #shilling Depreciates.

Economics and Trade

Kenyan Banks Raise Lending Rates as Shilling Depreciates.

With the Shilling's increased volatility, several Kenyan banks raised lending rates beginning April 2024. The banks cited the ongoing changes in the microeconomic environment as the reason to raise the rates.

NTSA to Phase Out Old Driving Licences, Gives 3-Year Timeline. | #phase Out Old Driving Licences #ntsa

Transport and Roads

NTSA to Phase Out Old Driving Licences, Gives 3-Year Timeline.

All motorists will be required to adopt smart driving licences within three years, according to the new regulations by the National Transport and Safety Authority (NTSA).

Putin Says Russia Ready to Use Nuclear Weapons If Threatened

US Senate passes bill that could see TikTok banned | #tiktok banned

People and Nations

US Senate passes bill that could see TikTok banned

It gives TikTok's Chinese owner, ByteDance, nine months to sell its stake or the app will be blocked in the United States.
The bill will now be handed over to US President Joe Biden, who has said he will sign it into law as soon as it reaches his desk.

Red Cross issues safety tips amid heavy rains in Nairobi. | #safety tips amid heavy rains

Natural Calamities

Red Cross issues safety tips amid heavy rains in Nairobi.

Red Cross advises Kenyans to beware of flash floods and evacuate immediately if they sense impending danger.The organisation further cautions against having activities along streams and rivers during heavy rainfall.

Chinese supermarket shut for allegedly barring Nigerians. | #chinese supermarket shut #barring Nigerians

Law & Justice

Chinese supermarket shut for allegedly barring Nigerians.

The supermarket in Abuja allegedly "exclusively permits individuals of Chinese descent to enter", Nigeria's consumer protection watchdog said on X.
The supermarket is a tenant in a building run by the China General Chamber of Commerce (CGCC).

We want parliamentary probe into Ogolla's death – Azimio. | # parliamentary probe

Military

We want parliamentary probe into Ogolla's death – Azimio.

National Assembly Minority leader Opiyo Wandayi said two leaders have been selected to lead the probe team.He said families who lost their loved ones in the tragic incident should be represented in the probe team.

Senators call on Wamatangi to sort challenges at Kiambu Hospital | #sort challenges at Kiambu Hospital #senators call on Wamatangi

Governance and Administration

Senators call on Wamatangi to sort challenges at Kiambu Hospital

The committee led by Uasin Gichu Senator Jackson Mandago, on Tuesday conducted a thorough inspection of various facilities at the hospital.The committee inspected the hospital's wards, procurement department, Intensive Care Unit (ICU), casualty area and maternity ward among others.