- When you hear someone quit their job, your first assumption might be, the pay must have been bad. However, there are more reasons why people quit their jobs even when they might be earning a comfortable amount of money.
- Starting March 2024, Kenyan workers can anticipate notable changes in their payslip deductions, as the government has introduced revisions and additions to the payroll structure.
- Financial infidelity is the hiding of financial information or not disclosing your partner's financial activities. Making financial commitments without your partner's consent. This is not to be confused with financial irresponsibility.
- The freelance gig economy was also accelerated by the COVID-19 pandemic. The pandemic made companies reassess their way of working and figure out how to get things done remotely. This detached the work being done from physical availability. The question on many Kenyans' minds is, what are these…
- Traditional bank loans have been a common choice for entrepreneurs looking for funds to support their ventures for years. However, bank business loans often involve a lengthy application process, especially for first-time borrowers. For small business owners looking for quick funding when time is…
- From the details of the $1.5 billion Eurobond secured at a staggering 10.375% yield rate to pay for the $2 billion 2014 Eurobond, to a plan to raise Ksh1trn from Kenyans in the diaspora, SHIF deductions to begin next month, expensive cooking gas and a 10x growth in avocado exports to China and more…
- Financial gurus say that the only way to achieve financial freedom is by making your money work for you through investments. There are numerous types of investments. Two of them are Unit Trusts and Money Market Funds (MMFs).
- In pursuing a harmonious partnership, the age-old adage from the good book holds true. Can two walk together unless they agree? This sentiment resonates strongly when it comes to financial compatibility among couples. It emphasizes the need for shared perspectives on money matters.
- While Valentine’s Day may be a day to celebrate love, it's also when would-be Romeos’ and Juliets’ end up making financial mistakes. Love doesn’t cost a thing but financial mistakes made due to love do.
- In Kenya, Money Market Funds have gained popularity as a preferred investment option due to their unique features and benefits. This article explores the key features of Money Market Funds in Kenya and offers insights into the considerations investors should keep in mind when venturing into this…
- From the record rise in the Central Bank Rate, last seen in 2012, to the revelation of the billions collected via the Housing Levy deductions and the easing of the dollar rate to lower cost of electricity, rising value of properties in Nairobi and good tidings for avocado, flower and cotton farmers…
- As an investor traversing the money-making jungle, there are numerous investing vehicles that you can use. However, to pick the right vehicle for yourself you need to understand your investment objectives and goals. If your investing objective is to invest in stable, low-risk, high-liquidy vehicles…
- Joining a Sacco is a great idea. It will allow you to earn dividends and interest on your savings. You will also access affordable loans and get to be part of a member-centric financial organisation where your voice can be heard. Nonetheless, due diligence is always vital.
- Valentine's is just around the corner. You are probably thinking about something special you will do with your partner on that day or something special you will gift them. Whatever you do on Valentine’s does not have to be financially denting. Some activities and gifts can also be financially…
- Land prices in six satellite towns around Nairobi experienced double-digit increases in 2023, providing investors with returns comparable to high-yielding government bonds. In this article we explore the list of the top areas in Nairobi where land has been appreciating at the fastest rate,…
- Treasury bonds are an investment instrument offered by the Central Bank. They are amongst the most stable investments one can make. However, how do you invest in Treasury bonds?
- In the current volatile economy where businesses are closing down, inflation is off the charts, and the currency is losing value, finding an investment asset you can invest in can be daunting. Although there are no investments where you are guaranteed the safety of your money and a return, some…
- Where there's a sea of people, there's an ocean of opportunities. Nairobi is a bustling metropolis where every individual is a potential customer, and every demand is a potential market. The diverse needs of the vibrant Nairobi population open doors to many business prospects.
- Among major highways that will take up a chunk of the 394 billion is the 462-kilometre Nairobi-Mombasa dual carriage, which will receive a budget of Ksh25 billion during the five-year period. The project is expected to be undertake in a public-private partnership and will receive its first funding…
- Loans can be an important tool for turning your dreams into reality. Whether purchasing a home, starting a business, funding education, or buying a car, loans provide the financial means to achieve various far-reaching goals. But with the privilege of borrowing comes the responsibility of repayment…
- Non-salaried Kenyans who cannot raise the mandatory annual SHIF contributions will be compelled to take take a loan, a laundry list of challenges in Kenya's healthcare system broken down, the "unstoppable" housing levy, mandatory digital fares coming to matatus and more money news from the last…
- Loans can be a valuable tool, providing financial flexibility and opportunities when used wisely. However, circumstances that transform a manageable loan into an overwhelming burden can arise. Factors such as a sudden reduction in income, dishonesty during the application process, lack of a…
- Peach Cars is a car marketplace dedicated to the sale of locally-used cars. It has a ready audience of high-intent clients who are actively looking for verified used cars - a first-of-its-kind platform in Kenya. By using Peach Cars, you are tapping into a broad pool of potential buyers that…
- The new year is upon us and there is no time like now to work on renewing your financial-related resolutions. Whether you plan to save more, invest more, or improve your financial literacy, there are a lot of institutions and resources both online and in person that could be of great help. One of…
- Equity has launched its Fuliza equivalent, known as Boostika. Fuliza has been a successful product by M-Pesa. In 2023, Ksh502.6 billion was transacted through Fuliza. This article highlights everything you need to know about Boostika.
- Do you have an existing loan and need additional funds? Top-up loans might be one of the options on the table. This article will explore everything you need to know about them.
- Improving yourself financially will require you to elevate your thinking. One of the ways to do that is through education. How, then, can you go about investing in your financial education?
- The ruling effectively means that from Friday, January 25, the government has no legal basis to make the housing levy deductions where employees contribute 1.5% of their gross salary and employers required to match a similar amount. However, the current ruling does not mean there will be refunds…
- From the revelation that Kenya is now spending more than half of its revenue on debt servicing, to the imminent fate of stalled government projects, compensation foe El Nino victims, CBKs dollar purchases and Kenyans spending less on highly taxed items, top money news from the last seven days on…
- Turning 30 marks the commencement of your prime financial years, a phase where your decisions can profoundly impact your long-term economic well-being. As you navigate this phase, stay committed to making choices that align with your financial objectives and contribute to your overall well-being.
- Contractors in Kenya operate under a distinct tax regime compared to formally employed individuals on the PAYE (Pay As You Earn) system. As independent entities, contractors are responsible for managing their income tax obligations. As such, navigating the intricacies of tax laws and regulations is…
- They say money can’t buy happiness but talking about it especially when you are about to get hitched can go a long way. Before saying your ‘I dos’, there are a few money-related decisions you will have to make.
- Directline, which provides insurance coverage for 77% of the Public Service Vehicles (PSVs) plying Kenyan roads, indicated that all matatus had to use a digital fare management system from 1st of February 2024 - as a requirement for their claims to be paid. The digital manifest will help in the…
- Convenience pay is a term that could refer to the extra costs associated with the convenience of certain services or products. It often highlights the trade-off between time-saving or ease of use and the financial impact on an individual's budget.
- If you’re considering taking out a loan, you may have noticed lenders offer loans with different borrowing periods. Some will let you borrow and repay a loan over shorter periods, or “terms,” while others will allow you to spread the borrowing out over several years. Your loan term will affect how…
- Life happens. However, you can make it happen or let it happen to you. If you let it happen to you, you will be battered left, right, and center. However, if you take charge and make it happen, you can steer it in your desired direction.
- Deciding who you will marry is one of life's most important decisions. You are choosing someone who you will have a family with, someone you promise to love for the rest of your life. Life doesn't have a manual and there is no set time for when you will meet the love of your life. Some people meet…
- From the push to monitor transactions of small businesses by KRA for tax purposes after exemption from eTIMS, to the dawn of a new government banking system that consolidates all the government's cash resources to Eurobond woes, the falling shilling and 2024 unemployment projections, a money weekly…
- While vehicle ownership can make you a candidate for a logbook loan, the most eligible person is the one who has done their homework. Taking any type of loan demands foresight and understanding of the borrowing process.
- One of my New Year's resolutions is to make more money. I know it is a resolution you can relate to. However, how do you make more money? One of the answers to that question is through side hustles. Side hustles allow you to make more money and achieve your resolutions.
- Many people think they are too smart to be conned but fraudsters are working overtime and are constantly improving and developing new and clever ways to defraud people, so you should always stay vigilant.
- Whether you are a fan or not, X (formerly Twitter) has earned its nickname as the public square of the internet for a reason. The social media network is a great place to follow the real-time thoughts of some of the greatest minds not only in Kenya but in the world. If you are looking to follow…
- Stress isn’t a friend to most. It impacts your mental and physical health and general well-being, but did you know stress can also impact your finances? Our ability to make informed and rational financial decisions is impacted by stress.
- Money is a basic need, everyone needs it to survive but if you are not making enough of it, it can cause major stress. What do you believe has been the most influential factor or hindrance in your own money-making journey?
- At the beginning of every new year, you aspire to make more money. In our current age, there are many ways of diversifying your income streams. However, if you want to build extra income, you must be ready to do something extra.
- For many college students, money often gets tight, and the financial aid from guardians and HELB may not be enough. If you have reached this juncture, it's time to consider how to generate extra income. This article will discuss ten ways college students in Kenya can make extra cash in 2024.
- If owning a car is part of your resolutions for 2024, but you are budget-conscious, one popular option for buying used cars in Kenya is purchasing one through auctions. Car auctions provide a unique and budget-friendly avenue for individuals determined to realize their dreams of owning a vehicle…
- So you’re in a happy, healthy relationship and starting to become a huge part of each other’s lives. Things are getting serious; maybe you have even moved in together and are now thinking of merging your finances. But there’s a problem. You and your partner aren’t married yet and have a dilemma:…
- Last year, the financial landscape underwent significant transformations following the implementation of the Finance Act 2023. While some changes took effect immediately, with rollouts beginning in July and September 2023, others are poised to make their impact felt from January 2024 and beyond.
- "The Government will introduce a withholding tax on agricultural produce which will be a final tax at a rate not more than 5 per cent of the value of the produce delivered to the cooperatives or other organised groups," the National Treasury stated in its medium-term revenue strategy, further…
