Business

28 February 2024 - Despite the harsh economic effects of the Covid-19 pandemic, Kenya is still regarded as a 'hotbed' of investment opportunities.

28 February 2024 - Following the release of the university placement for KCSE 2020 students, the Higher Education Loans Board has opened the application portal for undergraduate and TVET loans for both first-time and second and subsequent times applicants.

28 February 2024 - In 2020, 1.3 million savers stopped making deposits in Saccos, a 79.5% jump from the 764,472 who had stopped making deposits in 2019. Despite the destabilising effects of the pandemic many Saccos still declared dividends of up to 20% per share.

28 February 2024 - Covid-19 has had a direct positive effect on E-commerce in Kenya. While many Nairobians would initially have been sceptical of shopping online, now employees working from home, small business owners and courier companies are making a killing.…

28 February 2024 - Your savings doesn't to sit idle as you add more to them regularly. You can put them to work through these low-risk govt-backed investment opportunities.

28 February 2024 - "I’d always heard that money had the potential to corrupt but never really thought I would get to witness it first hand. It seems like ages ago but the wounds still linger..."

28 February 2024 - Whether you have just moved into a one bedroom apartment in Ruaka, or are making a few upgrades to your townhouse in Kitengela, the fact that furnishing a home in Nairobi can be very expensive is an open secret.

28 February 2024 - I like to think of myself as a work in progress…even with regular additions to our holiday savings account, we were too busy trying to build our futures that stopping to smell the roses was pure fiction. This evening as fatigue was clearly catching…

28 February 2024 - Some unknown guru once stated that 'the best things in life are the people we love, the places we’ve been, and all the memories we’ve made along the way'. The current economic slump may make such a statement seem like a preserve for the rich and…

28 February 2024 - City Hall owns over 17,000 units in several 'kanjo' estates around the city with ridiculously low rent rates that have never been reviewed upwards for decades. Finding a vacancy, however, is no easy task.

28 February 2024 - I have often found myself in spending frenzies over the years, but my last trip to the barbershop was a turning point. I do a gig. I go through the usual back and forth with the client. I get a windfall. I splurge. That was me.

28 February 2024 - They say family is everything. Will ideally be there for you through the highs and lows and expect the same of you. But, when it comes to lending or 'soft loans' some relatives may take it a little too far, and if you are a little less firm or…

28 February 2024 - Education is the key. The question now is, what exactly does it open? And what determines whether you got a working key or an expensive knock-off? I have an undergraduate degree from Makerere University and an MBA from the University of Nairobi;…

28 February 2024 - We all love it don’t we? A fresh start, a clean slate, a blank canvas on which we get to try and paint the best version of ourselves. I know I do. It’s why most people take time to reflect at the start of each new year.

28 February 2024 - This is my second reveal of the experiment I’ve been carrying out. A practical test to find out if the 50/30/20 budget rule can work on a 50K salary. My initial attempt after receiving my August 2021 salary was inconclusive. I failed but I also got…

28 February 2024 - The Higher Education Loans Board (Helb) provides prospective students and graduates with loans, scholarships, and bursaries for their education in Kenya. It has over 5 loan categories and scholarships that have differing eligibility requirements.

28 February 2024 - What's the largest amount of money you’ve ever made from a bet? Mine was Ksh21,600, and something, in December 2016. I can’t remember the date but I can tell you for certain that it was on a Sunday. This wasn’t your typical Sunday either - you…

28 February 2024 - Kenya's capital city is facing severe problems with the supply as well as the quality of its water supply, forcing people to buy it from shady and potentially contaminated sources. Cartels and industrious Kenyans alike have been minting money from…

28 February 2024 - A poorly planned Christmas getaway to Watamu quickly turns into a nightmare as costs pile up, the holiday cheer sucked out and a rented SUV money pit to add to the unforeseen woes. Once bitten, twice not shy? Painful lessons.

28 February 2024 - While everyone is scrambling for hotel space and negotiating for favourable prices at the peak of the holidaying season during Christmas, those who wait till January are guaranteed major savings, a more peaceful getaway and a grand start to the New…

28 February 2024 - Over the last year, there have been several adjustments in Kenya’s insurance sector, particularly touching on car insurance. Most big players in Kenya’s insurance industry now have a 15-year ceiling when it comes to offering comprehensive cover for…

28 February 2024 - Digital Lender Zenka Finance has made a number of updates to its products in recent months, including a new promotion offering new users interest free loans up to Ksh5,000 for up to 61 days. 

28 February 2024 - I think I have finally cracked it. The code to financial success, freedom, you name it. After years of research, mistakes and missed calls from creditors I think I have finally narrowed it down to a solid theory that will need your approval.

28 February 2024 - I am at that stage in life when owning my own home has turned into some sort of obsession. I spend hours on end online looking at what’s in the Kenyan market. This is how I came across some 4 bedroom villas for sale at a new development in the…

28 February 2024 - According to the Wealth Expectancy Report 2021 (published by the Standard Chartered Group), the Covid-19 pandemic has seen affluent Kenyans’ priorities evolving into new goals, triggering changes to how they manage their finances.

28 February 2024 - NAIROBI Tuesday, March 8, 2022 - The Massachusetts Institute of Technology’s (MIT) FinTech Conference has named Kenyan startup, Money254, as the grand prize winner of their 2022 FinTech Startup Pitch Competition.

28 February 2024 - I have never been big on occasions. I have even forgotten my birthday a couple of times, with Facebook coming to the rescue with those colorful notifications and ‘hellos’ from friends you’ve never seen in decades. I guess this is why I ended up…

28 February 2024 - In the initial stages of the pandemic, a single piece of a 3 ply mask was retailing for up to Ksh250 in Nairobi. The fear of catching the deadly virus, the strict enforcement of containment protocols and the apparent scarcity gave Kenyans no choice…

28 February 2024 - Money254 Logbook Loan Casbhack Offer Terms and Conditions

28 February 2024 - NAIROBI, Kenya Feb 28 – The Lake Basin Development Authority (LBDA) has introduced the Recirculating Aquaculture System (RAS), a cutting-edge technology poised to revolutionize fish farming efficiency in the lakeside region. This innovative system…

28 February 2024 - Kenya finds itself in danger of skyrocketing food prices following the Ukraine-Russia conflict. Having barely survived the adverse economic impact of the Covid-19 pandemic, Kenyans are now facing one of the toughest periods in the country’s history.

28 February 2024 - In Kenya, Saccos have always been considered as a major avenue for promoting savings and access to credit services. Sacco membership in Kenya stands at over 10 million members indicating the indelible contribution the sub-sector has been making…

28 February 2024 - My job commitments meant Ken would have to shoulder the burden of all out-of-Nairobi projects. This is why I found no issue when he asked if we could convert our business account withdrawal instructions from ‘both to sign’ to ‘either to sign’. It…

28 February 2024 - Moving houses is often described as an energy-draining experience, as well as a money-draining one. However, this can also be taken as an opportunity to start afresh and make some serious savings in the process.

28 February 2024 - Now here we were, in the very apartment taking photos of his most prized possessions to post for sale online. He had decided to do this to raise funds for our new venture as we both had to chip in equal sums as start-up capital. He also needed the…

28 February 2024 - The lion’s share of the executive budget will go to the Ministry of Education, which will receive Ksh525.9 billion. Ksh368.3 billion will go to the Energy Ministry and Ksh203.1 billion to National Security. Meanwhile, the Ministry of Health and…

28 February 2024 - A feast is made for laughter, wine makes life merry, and money is the answer for everything ~ Ecclesiastes 10:19. This has always been my go-to verse when any of my friends decides to go on some fake-deep soliloquy on how money can’t buy happiness.‍

28 February 2024 - President Uhuru Kenyatta has overseen large-scale changes in Kenya’s national budget over his two terms. Some ministries have seen their allocation more than triple during this period

28 February 2024 - Taxpayers who do not have a source of income are permitted to file KRA Nil Returns. What source of income means is that you either have no business, rental, or employment income, for the return period under review which necessitates the submission…

28 February 2024 - Behind every successful man, there’s always a beautiful wound. A story that left not only wounds and scars, but life lessons as well. Mine involves a job, a bar, and a girl. The year was 2014. West Africa was battling the “most severe and most…

28 February 2024 - What is cheaper: cooking with an electric cooker or gas? This is a question that has resurfaced recently after the Kenya Power and Lighting Company and LPG gas suppliers both reviewed and adjusted their prices.

28 February 2024 - Kenya’s third president – the late Mwai Kibaki, is well known for his role in Kenya’s economic transformation. He was not a perfect man, and this is not a piece seeking to eulogise perfection, but rather one that seeks to highlight how his tactics…

28 February 2024 - Recent figures provided by the UK’s Department for Business and Trade factsheets reveal that as of Q3, 2023, the total trade in goods and services between the UK and Nigeria reached £6.7 billion. This indicates a rise of £136 million compared to Q3…

28 February 2024 - NAIROBI, Kenya, Feb 28 – A recent survey conducted by the Centre for Human Rights and Policy Studies (CHRIPS) has exposed the harsh realities of insecurity and conflict in Nairobi’s urban slums of Kawangware and Korogocho. CHRIPS, an international…

28 February 2024 - VALLETTA, Feb. 28 (Xinhua) — EU+ countries — the 27 EU member states plus Norway and Switzerland — received 1.14 million applications for international protection last year, reaching a seven-year high, according to a report issued by the Malta-…

28 February 2024 - NAIROBI, Kenya, Feb 28 – The government intends to capitalize on the upcoming Berlin ITB Exhibition to market Kenya as a top tourist destination. The exhibition, which will happen between March 5th and 7th in Germany’s capital, is an annual global…

28 February 2024 - Handshake is creating a social media-style feed for its popular jobs platform for college students, adding video tools for employers to match less buzzy companies with young job seekers—and connect with a generation that lives by the medium. On…

28 February 2024 - Last week I was shamba hunting in the depths of Ruai. Yes, I am one of those people who are still very sold to the kaploti, you can’t go wrong with a kaploti somewhere, anywhere gospel. Tell me about a kaploti going for a ‘deal’ and I will be…

28 February 2024 - I was recently in conversation with one of my would-be mentees and I just couldn't help but laugh at the fact that they were insisting on making the same mistakes I did. Well, I wasn’t exactly laughing at them however amused I was at the absurdity…

28 February 2024 - Forty Digital Credit Providers (DCPs) are under investigation over claims of breaching data privacy laws following complaints from customers. This comes at a time when digital lenders have come under the supervision of the Central Bank of Kenya…