- "I am an impulse spender, which is why I'm constantly looking up ways to boost my savings, increase my disposable income, earn more, you name it. So when I came across the 50/30/20 budgeting rule, it seemed like as great idea. . ."
- There’s a perennial joke that most ex-military veterans pass away a few years after retirement. Well, it happens. From what I have seen, if military retirees live long enough, it’s a noticeably lacklustre life in contrast with their former flashy lifestyle.
- Kenya Forest Service (KFS) has significantly raised timber movement permit fees. This increase is expected to impact timber product prices. Additionally, 18+ students applying for government scholarships must have a National ID. Posta is leasing office space across 13 branches.
- The Economic Survey 2024 report shows how much Kenyans save in various financial institutions, including commercial banks, micro-finance banks (MFBs), and deposit-taking savings and credit cooperatives (DT-Saccos). Time and savings deposits in DT-Saccos grew by 9.8% to Ksh573.6 billion in 2023.
- In 2018, after years of praying, deferred semesters, and a few exchanges of brown envelopes, a cousin of mine finally landed a job in our distinguished defence forces.His dad was in the army, 2 of his big brothers are in the army, and his small brother just got accepted into the police academy. It…
- Good financial health is when one is able to spend less and save more money regardless of your personal or family circumstances. How would you go about saving your money, then?
- Wakili gets up at 4am, everyday - like clockwork. The rest of his household doesn't stir till an hour later. He likes the early morning silence, chill, and semi-darkness. He heads straight to the kitchen. He checks the earthen fireplace ashes for live embers, and builds a fire. He starts warming…
- I had mixed feelings as I walked toward the gate to my former high school. I've not been here since I did my KCSE paper, almost twenty years back. I was hovering between happy, anxious, and terrified - a little, like a jailbird leaving prison. See, high school then was a different kettle of fish,…
- A car is arguably the second-biggest expenditure after housing but before basics like food, education, and saving for retirement. This means that it's crucial to know and understand if this is the right time to make the purchase or not.
- In-laws, in-laws, in-laws. Gather around. We need to talk. I feel that our association has transcended what made us in-laws in the first place. Did I miss some essential fine print on the Till-Death-Do-Us-Apart Vow?
- My grandmother and a couple of her peers have spent the day at the local police station. The octogenarians are angrily threatening the local police boss with a generational curse.
- The National Assembly’s Budget and Appropriations Committee on Thursday, July 25, rejected the government’s plan to shut down the offices of the First Lady Rachel Ruto and Second Lady Dorcas Rigathi. The Treasury cut the Ksh1.25 billion budget assigned to these offices in the 2024/25 budget.
- Discover essential insights on driving with third-party insurance in Kenya. Understand the coverage, benefits, and costs of this minimum legal requirement, ensuring you're prepared for any liabilities to third parties. Learn more about the different types and exclusions of third-party insurance to…
- The Kazi Mtaani Programme is a project that aims to safeguard the most vulnerable young people in informal settlements from the COVID-19 pandemic's effects. The purpose of the initiative is to provide some form of social protection for workers whose chances of finding regular or casual work have…
- The history of co-operative societies in Kenya dates back 113 years ago in 1908 when the first co-operative society was established - a dairy co-operative. Today, Saccos are the number one alternative to banks. How did we get here? And what should you think about before joining a Sacco?
- The Kenyan government has increased the Road Maintenance Levy (RDL) from Ksh18 to Ksh25 despite assurances from the Ministry of Roads that the feedback calling for the hike delay would be considered. New EPRA fuel prices for July 15 to August 14 show decreases in petrol, diesel, and kerosene prices.
- Discover the truth about making money online with our detailed guide debunking common myths. Learn the realities behind quick riches, online scams, passive income, and more to set realistic expectations. Whether you're a freelancer, e-commerce entrepreneur, or digital marketer, learn to navigate…
- Latest developments in Kenya as the International Monetary Fund (IMF) evaluates the country's readiness for increased financing. Withdrawal of Finance Bill 2024 is shaping IMF's assessments. In other news, KRA has announced the successful collection of Ksh43.9 billion through its recent tax amnesty…
- President William Ruto on Thursday, July 11, fired 20 Cabinet Secretaries after announcing the dissolution of his Cabinet. The President noted that the decision to reorganise his government was informed by the recent public protests that saw him drop the Finance Bill of 2024 in its entirelty. Here…
- The Kenyan Ministry of Lands has ordered all foreign nationals to surrender their freehold titles immediately. Lands CS Alice Wahome announced that these titles were issued through error or corruption, as the constitution only allows Kenyans to hold freehold deeds. Foreigners can only own land on a…
- There is a standoff between Kenya and Uganda over the imposition of a Ksh5.78 billion fee on fuel imported directly by Uganda via the port of Mombasa. Uganda's Uganda protests as Kenya frustrates their efforts to lower fuel costs with increased bond fees at Mombasa port, sparking tensions between…
- Despite recording growth, the Kenya Revenue Authority (KRA) fell short of its revenue collection target for the year ended June 2024. KRA managed to collect Ksh2.407 trillion, representing an 11.1% increase from the Ksh2.16 trillion collected in the previous financial year. However, this figure is…
- How Kenyan Businesses Struggled in June: Explore the impact of economic challenges, anti-tax protests, and policy uncertainty on business operations.The latest Stanbic Kenya Purchasing Managers Index (PMI) reveals a significant decline in new business intakes, signaling a sharp downturn in the…
- Unlike education policies, where funds are locked in until the policy matures or specific conditions are met, MMFs are highly liquid and allow quick access to funds. MMFs also don't require long-term commitment with regular premium payments. For these reasons, they can benefit parents looking to…
- Discover how Income Real Estate Investment Trusts (I-REITs) are revolutionizing real estate investments in Kenya, offering Kenyans an accessible way to earn rental income from prime properties in Nairobi. Learn about I-REIT structures, investment methods, risk factors, and how to align your…
- Uganda began directly importing oil from Vitol Bahrain after a disagreement with Kenya, reshaping East Africa's fuel trade. This follows a five-year G-to-G deal by Uganda National Oil Company. Uganda continues to use Kenya's infrastructure as the first shipment docked at Mombasa on July 3 arriving…
- Explore the debate over taxing freehold land in Kenya with the Land Laws (Amendment) Bill Number Two of 2023. Understand proposed amendments, their implications for landowners, and the government's subsequent withdrawal. Get into property rights, taxation equality, and governance in Kenya's…
- East African Community introduces new tariffs affecting items like baby diapers and smartphones, aiming to align customs duties across member states. Audit reveals discrepancies in Russian fertilizer shipment to Kenya, with over 500 tonnes missing. NHIF acknowledges Ksh368M in excess payments due…
- Discover the latest salary increases for Kenya's Governors, MPs, and MCAs effective July 1, 2024. The SRC's Gazette Notice outlines significant pay rises, impacting state officers amidst public debate on fiscal responsibility. Get detailed insights into the new salary structures and the…
- President Ruto announces Kes 1.0 trillion borrowing for 2024/25 following Finance Bill 2024 withdrawal. The plan marks a 67.5% increase over the previous year's borrowing. Learn how this decision impacts Kenya's fiscal strategy and the implications for domestic and external debt allocation.
- I am the sole breadwinner, my salary is Ksh100,000 gross. This comes to 73,385 in the net salary. Transport to work in Westlands costs me Ksh4,000. School fees for both kids is Ksh20,000 per term. Mukami is in Grade 2 while Makena is in baby class. My wife is part of a Home Chama, to which we…
- If you’re looking for business ideas that promise long-term stability and a steady customer base, this article is for you. Read on to discover timeless business ideas and how you can leverage them to build a robust and lasting enterprise. They are in the clothing, food, healthcare, consulting,…
- Kenya Raises Fees to Cover Tax Shortfall: IDs, Passports, Work Permits, and Marriage Certificates Now Cost More. Treasury is aiming to collect at least Ksh55.8 billion from administrative fees and charges for services in the next financial year. Learn how the government plans to fill the budget gap…
- President William Ruto on Thursday, July 11, dissolved the Cabinet, firing all Cabinet Secretaries with the exception of Deputy President William Ruto and Prime Cabinet Secretary Musalia Mudavadi.The head of state promised to name a new Cabinet in the coming days.
- President William Ruto has nominated 51 candidates for the position of Principal Secretary (PS) in various State Departments. The Public Service Commission (PSC) forwarded him 250 names after interviews, which President Ruto narrowed down to 51 names.
- I wanted to buy land, learned about I-REITs instead. I now invest in real estate with ease and diversification. I am now earning rental income without managing property! My investment appreciates with the properties, and I can easily sell my units on the platform.Join the Vuka Investment Club for…
- An accountant moves from Molo to Nairobi seeking career growth but faces debt due to lifestyle upgrades. Discover how he restructures his finances, cuts expenses, and regains control, ultimately achieving stability, savings, and career success while navigating the challenges of adapting to a higher…
- The rollout of Kenya's Social Health Insurance Fund (SHIF) faces delay again. A committee set up by the Ministry of Health says that technological issues with the program's digital platform force postponement of the July 1st launch. Government explores alternative solutions, including reviving the…
- "Explore the most profitable export sectors in Kenya, where entrepreneurs thrive and generate significant income. Uncover key industries, market trends, and success stories that highlight how Kenyans make the most money in the export business. From agriculture to manufacturing, learn what drives…
- Explore the highest paying jobs in Kenya across various sectors like technology, finance, healthcare, and engineering. Learn about top-paying jobs in the private and public sectors according to a report by KNBS. Whether you're a job seeker or considering a career change, discover opportunities to…
- Mobile banking has changed how Kenyans manage their finances. With a USSD code, you can check your balance, transfer funds, and pay bills. In Kenya, many banks offer USSD codes that make these services easily accessible without the need for internet access. Here, is a list of all bank USSD codes…
- Potential repercussions of the Finance Bill 2024 not passing: The National Treasury anticipates significant budget cuts in fiscal year 2024/2025 that could impact crucial sectors such as education, HELB, CDF, IEBC, farming, healthcare, infrastructure, and social services across Kenya.
- Kenyans face a 38% hike in fuel taxes despite a recent revenue dip. The amended Finance Bill proposes raising the Road Maintenance Levy to fix roads, increasing petrol and diesel by Ksh7 per liter. This comes with a win for privacy, as a plan for warrantless data access by tax authorities was…
- The 50/30/20 method outlines how you should divide your income. 50% of your income should be used for your needs, which include food, shelter, clothing, and commuting. The other 30% is allocated to your wants, these include the creature comforts that you enjoy. On the other hand, the remaining 20%…
- Treasury CS Prof Njuguna Ndung’u on Thursday, June 13, unveiled Kenya’s 2024/2025 budget totaling KSh 4.04 trillion. The budget projects an ambitious revenue target of Ksh3.02 trillion, driven by major tax reforms, improved revenue collection, and what the Treasury CS described as strategic…
- How Kenyans have fallen victim to fraudsters who take advantage of the popularity of the chama model. These are savings schemes created online and coordinated by individuals who are popularly known as the “admins”. They start well but after some time, the members of these chamas are left in tears…
- Nairobi's stalled Thika Road BRT project gets Ksh3 billion to resume after 4 years. The project aims to ease traffic congestion with dedicated lanes for BRT buses and quicker boarding at stations. The government will pay the contractor Ksh3 billion to finish the 27km BRT line from Ruiru to Kenyatta…
- Struggling to clear your Higher Education Loans Board (HELB) loan? This guide offers 7 steps to help you pay it back faster, including utilizing the grace period, automating payments, and maintaining a simple lifestyle. Learn how to increase your income and avoid taking on more debt to become HELB…
- Kenyan county governments clash with KRA over VAT on local revenue. CoG says this is unconstitutional because the constitution gives counties the power to manage their own finances.. They also argue that VAT is a tax on goods and services, and county revenue isn't the same thing. Legal action looms…
- Kenyan CEOs, particularly in the manufacturing sector, plan significant job cuts due to declining business performance and the need for cost-cutting, due to potential challenges like the Finance Bill 2024. Directline Assurance,a Kenya's motor insurance, halts operations. Kenya's electricity bills…
