- This innovation is set to benefit over 20,000 active customers of the digital credit provider, who will only be required to pay premiums as low as Ksh100 per month.Under the coverage, the riders will receive up to Ksh20,000 annually in Hospital Cash benefits.
- I was comfortable with my Ksh95,000 salary and one day all of a sudden, I was laid off and had zero source of income and a lifestyle to maintain. Because my income had taken a serious hit, I knew I had to stop spending like I still had a salary. I had no choice but to become intentional with every…
- Today, we’re covering the Unified Human Resource Management System that is set to be implemented in July for all government employees, in addition to proposed changes for exam fees.
- As revealed in the National Road Safety Action Plan, all drivers in Kenya will be required to transition to the new driver's license (smart license) within 3 years.
- Hello and welcome to the Money News Roundup Newsletter, where we’re zooming in on the Ksh4.29 trillion budget that CS Mbadi is set to present in Parliament today.
- Today, we’re covering the latest financial policy directions and projections issued by the Central Bank of Kenya after the Monetary Policy Committee (MPC) meeting as well as 71,000 Kenyans listed on CRB for defaulting on HELB loans and 20,000 businesses risking closure by KRA.
- Moving to a new job could be a gateway to new opportunities. However, with the current job offering extra benefits that would otherwise have a financial implication on your salary, it's good to be very strategic. Thus,the 20k might look great on paper but the benefits foregone from the first job…
- Today, we’re covering the Treasury CS John Mbadi’s assurances on the payment of examination fees after panic among parents over increased fees for 2025 candidates.
- As of the first quarter of 2025, Kenya had a total of 49 licensed Money Market Funds (MMFs) managing a combined Ksh319.7 billion in Assets Under Management (AUM). Also, 29 Special Funds were managing a combined Ksh86.68 billion in assets in the same duration.
- A deceased family member’s SACCO loan is not always written off automatically. The responsibility to clear it can fall on guarantors, the estate, or through asset recovery if the loan was secured. Families need to confirm whether loan protection insurance is in place, and whether the SACCO followed…
- Lua gives you free access to the world’s best models, and then some. She doesn’t just tell you things. Lua helps you do things. She makes bookings. She plans. She organises. She shares reminders. She turns your ideas into cool images. All for free. No app downloads. No accounts. Just a quick chat…
- If you feel like everyday essentials are getting harder to afford, you're definitely not alone. In recent years, the state of the economy has left many Kenyans worried about the rising cost of living, especially when it comes to food.
- Hello and welcome to the Money News Roundup. Today, we’re covering the Kenya Revenue Authority’s (KRA) justification for the tripling of import taxes under the new CRSP system, Taxman’s new chatbot, and a breakdown of Kenya's biggest money market funds by assets.
- Today, we’re covering Treasury CS John Mbadi’s announcement on the PAYE review and his PS Chris Kiptoo’s defence of the securitisation of HELB and the Road Maintenance Levy. Also, find out about an MP’s personal assistant at the center of a land scam.
- A month after the Central Bank lowered the lending interest rate to a base of 10.0 per cent, Kenyan consumers are beginning to reap the benefits. The April 8 cut of the benchmark lending rate to 10.00 per cent from 10.75 per cent in the previous month marked the lowest level since May 2023.
- Money Market Funds (MMFs) have become an increasingly popular option for Kenyans looking to accelerate their savings and investment goals. They offer a practical way to earn higher returns than traditional savings accounts, maintain easy access to your money, and avoid the risks associated with…
- On Tuesday, the Central Bank of Kenya published the deposit interest rates for 38 banks in Kenya for the month of April 2025. Some banks paid deposit interest rates as high as 13%, while others offered as little as 2.6%.
- Today, we are covering government interns who disappeared with Ksh930,000 in salary advances, an impasse between the National Assembly and Senate over a Ksh465 billion allocation, and how French firms pressured Kenya to pay Ksh6.2 billion.
- 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?
- Sugar prices skyrocketed from Ksh300 per 2-kilogram packet to Ksh330 (the cheapest on the shelf), with many retailers charging from Ksh345 and up. Other basic products remained largely the same.
- As the June 30 deadline fast approaches, Kenyans are advised to file their tax returns covering the income earned between January 2024 and December 2024. This filing covers all forms of income (or lack thereof), cutting across salaried individuals, self-employed, and even the unemployed.
- In this newsletter, we are covering the new Current Retail Selling Price (CRSP) that will see taxes on small engine vehicles rise by over Ksh150,000.
- The institution also proposed the ending of all amnesty programs usually initiated by governors to encourage defaulters of land rates to pay their dues.
- In this newsletter, we are covering the unfolding investigations that have exposed how Ksh75 million was used during a groundbreaking ceremony for the failed Greenfield Terminal project.
- As construction costs continue to soar, many Kenyans are increasingly looking for house designs, alternative construction materials and processes that can save on costs.
- In this newsletter, we are covering employers' concerns over the worsening economy as well as Gen Z leading in luxury travel and a woman who vanished with a Ksh250,000 deposit only to end up dead.
- I kept taking loans from different lenders just to keep up, and my paycheck was running in the negative at this point. I stopped hanging out with friends, not because I didn’t want to, but because I couldn’t explain why I was always broke.When I tried confiding in my family about my struggles, the…
- Money Market Funds (MMFs) are investments where investors pool their money into a fund and invest in short-term, low-risk securities that range between one day and one year. MMFs are a great investment for small investors as well as large investors. They usually have low entry requirements, making…
- In this newsletter, we are focusing on the World Bank's recommendations to Kenya, including a carbon tax on fuel, a freeze on all public hiring, changes to PAYE taxes, and why the SHA may collapse. Also read about TSC’s 25,000 teacher promotions and summons against CSs John Mbadi and Rebecca Miano.
- Being a Public Private Partnership (PPP) project, the company that will get the tender will toll the road to recoup the money used in the construction.
- In this newsletter, we are covering the fining of 8 TV stations for defying the government directive on gambling advertisement after an exposé revealed how Kenyans lost millions to a fraudulent gambling scheme.
- 3 parents began setting aside savings for their children at different times. One started immediately after the child was born, the second started saving when the child joined Grade 3, while the last never saved at all. in the end, one parent had Ksh974,000, another Ksh206,000, and another survived…
- Maize flour and baking flour prices went up from Ksh139 to Ksh155 and Ksh129 to Ksh143, while cooking oil recorded the biggest price drop from Ksh298 to Ksh295.
- In this Newsletter, we cover the national exam fees return, the government's plan to sell its stake in Safaricom, and the MP's order to deposit Ksh3 million in an ongoing court case.
- Have you ever taken what seemed like a simple loan, only to end up in deep debt? When taking a loan, the fine print is everything. A loan may seem like a quick solution when you're in a tight spot, but without fully understanding the terms, it can easily become a long-term trap. Let's explore a…
- In this newsletter, we are covering the flaws in the affordable housing projects, Equity Bank's mass firings, looming changes in the Finance Bill 2025, and 2,000 job vacancies.
- The recent expiry date on edible products scandal involving Naivas Supermarket, a major Kenyan retailer, sent shockwaves across shopping aisles. While investigations continue, fresh questions are being raised about how safe the products on our local store shelves are.
- In this newsletter, we are covering the Naivas Supermarket shutdown order and the twists that followed, senators opposing the lease of sugar mills, and the government's nod to view suppliers' bank accounts.
- High net worth Kenyan investors are preferring South Africa over any other country, the 2025 Wealth Report, released on Tuesday, May 13, by real estate firm Knight Frank Kenya, has revealed.
- MMFs have long been a reliable investment option for Kenyans seeking liquidity, capital preservation, and above-average returns compared to traditional savings accounts. But the economic landscape continues to shift — and so do MMF yields. Despite the general drop, several MMFs have continued to…
