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Kenyan Billionaires’ Lifestyle Puts Nairobi On The Map

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Nairobi is home to more than 75 per cent of Kenya’s billionaires and some of their favourite havens include, Kitisuru, Karen, Muthaiga, and Runda.

According to the AfrAsia Bank Africa Wealth Report 2021, Kenyan billionaires prefer living in the city because it is the economic hub of East Africa and one of the fastest-growing in Africa.

The wealthy are known for their taste in luxurious items and Kenya is only second to South Africa in the list of the largest luxury markets in Africa by revenue.

Major components of the billionaires’ luxurious lifestyle include a preference for high-end hotels, expensive cars, high fashion, watches, private jets, and yachts.

Billionaires such as President Uhuru Kenyatta are known to have a rich collection of watches, at one time being spotted wearing a Ksh25 million timepiece.

The report also says that Cottars Camp in the Masai Mara is popular among high net worth individuals (HNWI) in Kenya.

In terms of vehicles, the appetite for expensive cars has seen the entry of high-end car brands in the Kenyan market such as Porsche and Bently.

Billionaire Chris Kirubi’s collection of cars includes a Maybach Mercedes Benz S class, Bentley Continental, and a Range Rover Sport.

According to data from the Kenya Motor Vehicle Industry Association (KMI) Porsche has sold more than 420 vehicles from its showroom.

Read also;https://thebigissue.co.ke/uganda-detects-india-covid-19-variant/

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Ellon Musk says Telsa will no longer be Accepting Bitcoin as Payment, Eyes Replacement

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The announcement came as a shock to the cryptocurrency market, which has enjoyed significant hype from Musk and has seen investors confidence rise due to Tesla backing.

In a statement shared on his Twitter platform, Musk said concern for the environment led the company to reach an agreement to stop accepting bitcoin as a payment option from its customers.

In a statement shared on his Twitter platform, Musk said concern for the environment led the company to reach an agreement to stop accepting bitcoin as a payment option from its customers.

“Cryptocurrency is a good idea on many levels, and we believe it has a promising future, but this can not come at a great loss to the environment,” said the firm. It was stated that there’s an increase in fossil fuel usage to mine bitcoin, and this is contributing to the damage to the environment.

There have been talks about the impact of bitcoin on climate change. Coal is one of the fuels used to mine bitcoin, and it has the worse emissions. So for this reason, Tesla said it suspended the use of bitcoin to purchase its cars, as doing otherwise will contribute to the increase in fossil fuel usage The company promised it will not be selling its bitcoin despite not accepting it again.

“Tesla will not be selling any bitcoin, and we intend to use it for transactions as soon as mining transitions into more sustainable energy, “it added.

According to Musk, who is also the chief designer of SpaceX, the payments was to remain in the bitcoin market, adding to the amount the automaker had invested in February.

Read also;https://thebigissue.co.ke/norman-lloyd-tributes-paid-to-hitchcock-and-st-elsewhere-actor-following-his-death-at-106/

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Cheating pastor fought with wife the night she died

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The wife, a trained clinician, was running the clinic in a remote part of the area and had made it clear that she wanted to move. The husband was infuriated by the decision, which he was completely opposed to, leading to a furious exchange between the couple on the night she died.

“The woman stood her ground, saying she would move to the more populated Kongasis trading centre and also for convenience,” said a source privy to the ongoing investigations.

“But her husband, who was having an affair with a woman at the trading centre, feared he would be exposed if the wife worked near him,” added the source.

The source said the pastor was keen on remarrying but faced hurdles due to his status.

The victim’s brother confirmed that his sister was a clinician, but added that she never confided in any family member that she was going through marital strife. 

“She was a very quiet person who rarely shared her woes, perhaps owing to her marriage vows,” he said.

He said the family will meet on Saturday to discuss burial arrangements, having shelved earlier plans due to the post-mortem being done.

“The two families will meet and agree on burial plans … at the moment, we have put everything on hold,” said the brother.

He called on the police to expedite investigations and bring his sister’s killers to book.

“As a family, we are devastated, having earlier thought she had committed suicide. But the unfolding events are taking a toll on many of us.”

The farmer learnt of his sister’s death last Wednesday after being informed by his younger brother.

Police are also hunting two other people believed to have taken part in the killing. The two, said a police source, attempted to poison the arrested pastor after realising police were on their trail.

“We got credible information about their planned heinous act but we remained vigilant,” said an investigator.

The 47-year-old evangelical church pastor was apprehended moments after the post-mortem findings.

The pastor, who heads the Royal Calvary Church at Kongasis, had walked into the Elementaita police station, and reported that his wife had committed suicide. 

Gilgil sub-county police commander John Onditi termed the suicide theory an attempt to conceal evidence, saying officers were hot on the heels of the other two suspects.

He said the pastor will be arraigned in court for murder, after police completed investigations, having been granted extra days by the court to conclude their findings.

Read also;https://thebigissue.co.ke/bella-ciao-professor-alvaro-morte-bids-goodbye-to-money-heist/

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CNN hires Larry Madowo as Nairobi-based correspondent

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The announcement was made on Thursday by Deborah Rayner, Senior Vice President of International News gathering and Managing Editor, Europe, Middle East and Africa, for CNN International.

America Correspondent in Washington, D.C., covering major U.S. news stories including the Covid-19 outbreak, the 2020 presidential election and the protests following the death of George Floyd and the trial of Derek Chauvin.

He also was a fill-in anchor for the network’s flagship BBC World News America show that airs globally and on PBS stations across the United States.

This assignment marks a return to Nairobi for the Kenyan-born Madowo, who started his broadcasting career at Kenya Television Network (KTN) at the age of 20.

“From enterprise reporting in Ethiopia’s Tigray region, to investigations into oil drilling in Namibia’s Kavango Basin, via a range of cultural and business stories across dedicated programming, Africa has never been more visible on CNN’s multiple platforms,” said Rayner.

Madowo added: “I’ve enjoyed reporting from the U.S. and around the world, but it’s a real privilege to return to covering Africa at such a critical time in Kenya and around the continent. I have long admired CNN International’s award-winning coverage, and I’m honored to be joining such a talented team. I look forward to sharing the full spectrum of life in one of the most dynamic parts of the world with CNN’s global audiences.”

Madowo previously served as the BBC Africa Business Editor, where he oversaw the launch of six syndicated shows in three languages and managed more than two dozen business journalists based in London and four African countries.

Before joining the BBC he worked for NTV Kenya and CNBC Africa, where he anchored the business channel’s daily market shows Open Exchange, Power Lunch and Closing Bell in Johannesburg.

Named a Young Global Leader of the World Economic Forum in 2020, Madowo has a bachelor’s degree in Communication from Daystar University in Kenya as well as a master’s in Business and Economics Journalism from Columbia University in New York, where he was a Knight-Bagehot Fellow.

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