- At a time when returns on passive income investment vehicles have been falling, the Mansa X special CIS fund has been piquing investor interest due to its relatively high interest rates.
- President William Ruto called for leadership changes at the IMF and the World Bank, noting that some of their practices were archaic and the world order has since changed.
- Motorists, including boda bodas and vehicles, risk paying a fine as high as Ksh20,000 should they not present their vehicles for emissions testing regularly.
- A previous study by the Kenya Medical Association found that patients in urban hospitals wait an average of 3 to 6 hours for outpatient services, with consultation times often lasting less than 10 minutes. Antara is helping more Kenyans stay healthier without paying more by building relationships…
- Treasury Cabinet Secretary John Mbadi and his Principal Secretary, Chris Kiptoo, embarked on fresh talks with the Bretton Woods Institutions among them IMF and World Bank.
- According to the government, over 45,000 Kenyans have become homeowners through the affordable housing programme, 367,000 have registered for Boma Yangu services, and 531,043 savers have contributed over Ksh 2.255 billion. Here is a list of all projects and units available.
- A source noted that the Iranian Government jailed 66 individuals in connection with the scandal and demanded action against their Kenyan counterparts.
- As an adult decades later - with a decent job, family, and all - I’ve realised just how resourceful the women were. None had any formal employment, and most had husbands unemployed as well. It's hardly hyperbole. Women, indeed, run the world. A Ksh100 note is worth twice to a woman, as it is to a…
- President William Ruto (left) speaks to Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), at a summit in Paris in June 2023.
- Today, we unpack a shift in Kenya’s banking sector after a decade-long freeze, a budget rescue mission with help from the World Bank and AfDB, and looming auction threats for affordable housing defaulters. Plus: What RBA is saying about early pension access, and why Parliament paused VAT reforms…
- Kenyan users of the CBEX crypto platform lost millions after their wallets were wiped out. The platform blames fraudsters and demands verification fees of up to Ksh25,930 before compensation. In other news we cover the Mitumba puzzle, and what Super Metro CEO Nelson Nduki confided to Money254.
- He expressed that the current tax measures, usually adopted every year through the Finance Bill, have made many businesses fearful, with some companies even warning of job losses.
- Speaking exclusively to Money254.co.ke, Super Metro's CEO Nelson Nduki confirmed that the company would comply with the ruling even as the drivers take a retest.
- Government Spokesperson Isaac Mwaura, in an address to the press on Monday, noted that Macadamia farmers were among the biggest winners, with prices rising from Ksh24 to Ksh100 per kilogram — a more than fourfold increase.
- Some motorists in parts of the country will still pay up to Ksh188 for a litre of Super Petrol, a significant variation from the Nairobi area standard price of Ksh174.63.
- The Energy and Petroleum Regulatory Authority (EPRA) on Monday announced a decrease in fuel prices across Petrol, diesel, and Kerosene. Petrol will now retail at Ksh174.63, Diesel at Ksh164.8,6 and Kerosene at Ksh148.99 in Nairobi.
- Government Spokesperson Isaac Mwaura on Monday reiterated that Finance Bill 2025/26 was yet to be tabled, refuting reports that a version of the proposal was already in the public domain, insinuating an increase in 8 different tax and levy categories.
- KRA will roll out a new valuation system for second-hand car imports by July 2025 to reflect current market prices after a court ruled the 2019 version unconstitutional. Depending on the revised values, car prices will change. Top Kenyan banks earned Ksh61B more in 2024 due to wider lending margins.
- Boma Yangu is a portal created to support Kenya’s Affordable Housing Programme (AHP). It serves as a central hub where you can register, save money towards a home, and apply for housing units under government-backed projects. The Kenyan government launched the AHP in 2017 as part of the Big Four…
- When you receive your paycheck, you’ll quickly discover that the salary you agreed to isn’t what you are bringing home. Your payslip typically contains three main parts; how much you are being paid, the taxes you are paying, and any other deductions that are being made. Understanding these…
- Umba has secured USD 5 million (Ksh650 million) funding to expand its operations in Kenya. The digital bank, which has operations in Kenya and Nigeria, specializes in lending to Small and Medium-sized Enterprises (SME) while also offering flexible financial products, such as vehicle financing and…
- National Treasury Principal Secretary Dr. Chris Kiptoo on Thursday, April 10, launched the Electronic Rental Tax Information System (eRITS), a groundbreaking initiative aimed at revolutionizing rental income tax collection and increase the tax by by more than five times.
- The ongoing trade war between China and the United States intensified after President Donald Trump raised tariffs on Chinese imports from 104% to 125%, even as he paused new duties on Kenya and other countries for 90 days.
- The United States government has flagged the rise in fake land title deeds in Kenya as a major concern for foreign investors, citing it for the first time in an official trade report. The US Trade Representative warns that investors risk being duped with fake or double-issued land titles due to…
- Saccos, which had shares at the union, were financially hit after an audit by PricewaterhouseCoopers (PwC) exposed the financial malpractices of former directors.
- Kenya is banking on the African Union to help secure an extension of the African Growth and Opportunity Act (AGOA), which allows selected goods duty-free access to the US market, following new US tariffs that have raised doubts over the future of the trade deal.
- An analysis by Money254 shows that for every day you work, the first Ksh801 you make goes to a set of direct taxes that are deducted before your salary gets to you. You also pay another Ksh334 per day - through direct taxes. Meaning you pay taxes worth about Ksh1,135 per day
- What started as a side hustle to make extra money became a dream to create a space where women feel pampered and rejuvenated. A business that now generates monthly revenues of between Ksh200,000 and Ksh250,000 - on a good month. To gain insight into how the spa business operates, Money254.co.ke…
- Kenya has revealed intentions to explore more business opportunities in the US after the Trump administration imposed a 10% tariff on Kenyan exports. According to Trade CS Lee Kinyanjui, Kenya enjoyed the lowest tariff rate, a move that will make Kenyan exports cheaper compared to other African…
- In some instances, Mugo noted that the salary deductions were more than two-thirds of employees' pay, contrary to the provisions of the Employment Act of 2007.
- Fraudsters, aided by rogue bank staff, are scamming retirees by spoofing bank customer care numbers and tricking them into transferring pension benefits via USSD. TSC faces scrutiny over politically influenced teacher recruitment, with reports of appointment letters being distributed at State House.
- While some countries have strongly opposed the U.S. tariffs—going as far as threatening retaliatory measures—Kenya has taken a different approach. Nations such as China and Japan, which were hit with steeper tariff increases, have openly condemned the move and hinted at potential trade…
- Another year, another opportunity to make a better life. Part of making a better life is investing. This year presents another opportunity to invest and improve the quality of your life. However, where should you invest this year? What industries and businesses are likely to have good returns in…
- The Treasury is proposing changes to the KDIC Act to allow depositors to receive up to Ksh500,000 per account, instead of per individual, in case of a bank collapse. Kenya’s exports to the US rebounded by 22.8% to Ksh72.96 billion in 2024, driven by strong apparel and textile demand, despite…
- Graduates take approximately five years before getting meaningful employment and some earn as low as Ksh6,000 according to a HELB report. Higher Education Loans Board (HELB) CEO Geoffrey Monari has revealed that 35.2 percent of loan beneficiaries have defaulted on their payments.
- The Treasury has revived plans to lease Kenya Ports Authority (KPA) assets, including the Lamu Port Container Terminal and multiple berths at the Mombasa Port, to private investors. EPRA shut down nine fuel stations for selling adulterated fuel and diverting export-bound petroleum for local sale.
- Imagine owning a piece of Apple, Tesla, or Amazon from right here in Kenya. Thanks to modern technology, investing in US stocks is no longer limited to Wall Street traders—it’s now possible for you to buy and hold shares in some of the world’s biggest companies from your phone or laptop.
- Should the new deal hold, Mobius Motors stands to rise from the scrap yard, and with it, Kenya hopes to give Morocco and South Africa, the leading automotive hubs in Africa, a run for their money. Silver Box will inject the much-needed capital into Mobius, potentially enabling the company to…
