- Sibi Ratemo is the director of Nutty General Suppliers, a butchery that supplies meat. With an increasing demand for her products, particularly from one of the largest supermarket chains in the country, she struggled to secure the necessary funds to meet the supermarket’s demand. Here is how she…
- The M-KOPA X20 offers more than just a smartphone—it’s a gateway to smart money choices. With its impressive specs and added benefits like free health insurance, device protection, and cash loans, the X20 is designed to be more than a phone—it’s an investment in your future. It’s Never Just a Phone…
- In June, I lost my old phone when it fell off my bike. With only Ksh10,000 in my account and rent due, I had to make a tough choice: buy a new phone or pay rent. After weighing my options and talking to friends, I decided on the M-KOPA X20, which came highly recommended because of its daily…
- Now, with the launch of the all-new M-KOPA X20, the brand is once again setting the standard. This revolutionary device isn’t just a phone—it’s a comprehensive solution offering medical insurance, device protection, free data bundles, and access to M-KOPA cash loans, all at no extra cost
- The deadline for application had been set for Monday, October 7. Most applicants shared their grievances online saying that the main issue they faced was failure of the portal to send the one time password on time.
- Have you ever passed near a retail shop or visited an eCommerce site and seen a poster offering you the chance to buy products and pay in installments? The posters will often read, "Lipa pole pole," "Lipa baadaye," "Lipa mdogo mdogo," or "Buy now, pay later." These offers can be enticing, tempting…
- Are you planning to start a family in 2023? Congratulations! When you start a family, your lifestyle will change. You’ll have different responsibilities, priorities, and expenses. As such, it makes sense to prepare carefully before starting a family.
- The Kenya Railways Corporation on Wednesday, October 3, kicked off a luxury coach for passengers using the Standard Gauge Railway (SGR) to and from Mombasa. The launch was overseen by Transport CS Davis Chirchir. However, a spotcheck by Money254.co.ke, showed a slow uptake of the luxurious train…
- Dear Born 1993s, I like to be the bearer of good news so I will start off on this note. If you are reading this and you were born anytime in 1993, you will be turning 30 this year - The third floor is here - just like that!
- But it wasn’t just a typical family celebration; it was a moment of clarity for all of us, thanks to one sentence my grandmother said hat would change everything, “Family is strong when it stands together.” So, we decided to pool our resources. The idea was simple: each of us would contribute Ksh2,…
- The government printer announced the loss of the security papers used to print titled deeds bearing serial numbers from 5253001 to 5253367. According to the ministry of lands, the most obvious cause of the theft of the security papers was an intention by corrupt cartels to produce fake title deeds.
- Imagine now you’re preparing to construct a three-bedroom bungalow valued at Ksh3 million. Fees and taxes levied by government agencies significantly contribute to the overall budget. What further taxes and fees will you need to account for in this next phase of your home-building journey? Let’s…
- In the agreement, lecturers will now get an enhanced monthly basic salary with increments of 7% - 10% and an automatic annual increment of 4% of the basic salary will be implemented for the two-year Collective Bargaining Agreement (CBA) cycle, running from July 1, 2023, to June 30, 2025.
- In the past, the usage pattern has not mattered much when calculating insurance premiums. If you have two cars of the same make, value, and model, their premiums would traditionally be the same even if one is only driven on weekends. Motomatic from Britam offers a solution tailored to this…
- President William Ruto's administration has started negotiations with the United Arab Emirates (UAE) to get a Ksh193 billion ($1.5 billion) loan to help bridge the budget deficit after Kenya failed to acquire a loan from the International Monetary Fund (IMF) which withdrew the offer after the…
- The government has issued an urgent directive to universities after it emerged that the number of first-year university students stuck at home over failure to raise fees under the new university model hit 50,000.
- The government has issued a tender worth Ksh7.6 billion for the construction of a Bus Rapid Transport (BRT) line along the Outer Ring Road.In a notice published by the Kenya Urban Roads Authority (KURA) on Tuesday, September 24, the line will be developed using a loan from Korea that has already…
- Kenyan motorists have been handed a sigh of relief after the Court of Appeal barred the Insurance Regulatory Authority (IRA) from setting a minimum premium price on motor vehicle insurance. This means the market will continue to determine insurance pricing for customers and thus a relief to members…
- Buying a car is an exciting milestone, but it’s also a complex process that requires careful planning, especially when importing one from abroad. Planning for all the taxes, fees, and incidental costs that come with the process is essential so you aren’t blindsided.
- I know most people judge women harshly for leaving men because of financial reasons. What most do not realise is that it’s not only because of the situation the person is at the moment. I have often heard stories of people who live lavish lifestyles in Nairobi in their youth and end up with nowhere…
- Mwalimu National Sacco is among the leading savings and credit cooperatives in the country that recorded poor financial health for the fiscal year 2023 according to a report filed by the Sacco Societies Regulatory Authority (SASRA).
- Taxes and fees significantly affect the total amount you'll pay or receive in land transactions, and not being aware of these costs can lead to unexpected financial strain. You may find yourself over budget, scrambling for extra funds, or even forced to cancel your plans altogether.
- The government through the Ministry of Labour announced on Thursday, September 19 that it has reduced the pre-departure period for skilled migrant workers, among a series of reforms targeting the recruitment and deployment process for Kenyans seeking employment opportunities abroad.
- The Adani Group has dismissed allegations that it pushed for speedy approval of plans to take over the Jomo Kenyatta International Airport (JKIA) in a multi-billion deal that would see the global conglomerate operate East Africa's largest airfield for a period of 30 years.
- My Niece Yvonne is addicted to ‘soft life’ and I blame myself for letting her indulge. Yvonne is my eldest sisters’ first of two children and given all we went through as kids, I treat all my nieces and nephews as my own kids but sometimes tough love is what our loved ones need. Giving them…
- I turned 30 on November 20, 2021. It was on a Saturday. And a sobering one for that matter, since after a Friday night out with friends to usher me into the ‘third floor’, my bank balances were not looking too great.As I sipped my home-made hangover cure - lemon, ginger and honey concoction - I…
- Each family has its unique needs, wants, goals and challenges. Understandably, to consider and to get started on setting up a family emergency fund, it is key to define what an emergency fund is in relation to the family unit.
- YouTube provides a huge potential for the creative, subject matter experts and enthusiast alike to make additional income or even create a formidable revenue source for themselves. But the journey is not as easy as it may seem.
- You've heard the story before. There are countless personal finance bloggers, financial planners, and gurus that preach on and on about the benefits of saving money — from the early days of your childhood to the latter days of your retirement, this gospel will remain.
- As a farmer, some of the biggest fights with buyers have been because of supermarkets. We’d go to the supermarket and find our tomato being sold at Ksh110 bob - yet we had only received Kshs60. We knew those were our tomatoes because the buyer owned the supermarket.
- “This partnership between Autochek and Turaco directly responds to this market demand by offering a bundled service that integrates vehicle financing, insurance, tracking, and maintenance, all under one digital platform.”
- Indian conglomerate Adani Group is facing more trouble after Nairobi-based lawyer, Francis Njoroge Wanjiku wrote to the Kenya Electricity Transmission Company Limited (KETRACO) demanding access to particulars of any Private-Public Partnership (PPP) deal with the group.
- The High Court has suspended the planned leasing of Jomo Kenyatta International Airport (JKIA) to the Adani Group due to a case filed by the Kenya Human Rights Commission (KHRC) and the Law Society of Kenya (LSK) that challenged the decision to lease the airport.
- My first holiday as a teacher had me so bored. You see, having grown up in Meru meant that when you were not in a classroom you were doing chores, herding cattle, fetching firewood or farming. I bought 5 rabbits from a plug in Kayole and I got so much joy from going around looking for whatever they…
- Over the last five years, numerous corporates have announced layoffs - some due to tough economic times, while others have done so after changing their business models. In the media business, for instance, nearly all leading media houses in Kenya have had annual layoffs for the past three years.
- Mbadi said under his leadership, the Treasury will reduce VAT from 16% to 14%, cut corporate tax from 30% to 25%, and reduce Pay as You Earn Tax (PAYE). He did not give specifics on the changes that would be made on PAYE.
- The general working of an I-REIT mirrors that of a listed company that sells its shares based on valuation and shares future income with shareholders based on performance. A valuation is done to determine the value of the total assets owned by the REIT. Then the value is split into smaller units…
- Among the requests that he will be making to the Asian nation is a loan to complete the construction of phases 2B and 2C of the SGR, which are from Naivasha to Kisumu and Kisumu to Malaba respectively.
- For the majority of Kenyans outside the area historically known as the Northern Frontier District (NFD), camels are those tall animals that fascinate them during picnic trips to various parts of the country. However, for farmers who keep camels, this is a precious animal with both commercial and…
- According to a report by the Energy and Petroleum Regulatory Authority (EPRA), Kenyans are paying more for cooking gas due to limited competition in the importation of Liquid Petroleum Gas (LPG).
- The US ambassador to Kenya, Meg Whitman has revealed that President William Ruto's withdrawal of the Finance Bill 2024 led to the International Monetary Fund (IMF) cancelling Kenya's Ksh131 billion loan.
- Despite the challenges in the equities market, foreign investors maintained a net buying position. Total foreign purchases amounted to Ksh11.6 billion, surpassing foreign sales, which totaled Ksh8.6 billion during the April-June 2024 period.
- Motorists have been overcharged an estimated Ksh16.4 billion or Ksh2.70 per litre of fuel since Kenya opted for government-to-government oil supply contracts with three Gulf-based companies.
- Speaking in the town hall meeting that was held at the Kenyatta International Convention Centre (KICC) on Sunday August 25, Ruto addressed concerns about the new funding model saying that it is meant to address inequality in our education system that has been going on for years.
- Financial independence isn't just a goal—it's a necessity, especially for women. Whether it’s avoiding the potential pitfalls of divorce, coping with the loss of a partner, or ensuring a peaceful and self-sufficient retirement without depending on your children, financial independence provides the…
- The pressure was getting worse. Every month someone had something to say about where I should and shouldn’t keep my salary and most times it ended up in everyone's pockets but mine.
- The Cabinet Secretary for Treasury John Mbadi has announced that the government is unable to hire 20,000 Junior Secondary School (JSS) teachers on a permanent and pensionable basis in the current financial year, as anticipated.
- The Teachers Service Commission (TSC), on Wednesday, August 21,announced that the government had provided funds for implementation of the second phase of an increase on teachers’ salaries.
- The Central Bank of Kenya (CBK) will spend Ksh14 billion to print new currency notes through a German printing firm, G+D. CBK Governor told Parliament that the move to print new currency notes was informed by a pending shortage of bank notes that was realised mid last year.
- My cousin wanted to throw a party for her son’s first birthday and the group was for us to contribute. Is it just me or was this quite ridiculous? Surely the harambee spirit has not gotten here. Supporting family is important, but I now reckon the need to do so without compromising my financial…
