- Becky, a high-school dropout mother of one who scored a job abroad, flew back to Kenya two years later after earning Ksh1.08 million in total. She had, however, periodically sent back home part of her income in hopes that her mother and brother were prioritising investments.
- In this newsletter, we’re covering Governor Sakaja’s crackdown on 206,000 Nairobi landlords, the Treasury dropping IMF loans in the latest budget, and a former police commission member who lost Ksh 35 million after filing a case in the wrong court.
- Despite facing many challenges at the start, including the economic shocks occasioned by the Covid-19 pandemic, the TV host has grown his business to a Ksh5 million venture within the six years.
- Buying a new car—whether for personal use or for business—is a significant financial decision. When individuals and companies start holding back on these purchases, it usually reflects decreased disposable income, tighter credit conditions, or lowered confidence in future financial stability.
- In this newsletter, we’re covering NEMA’s new regulations for manufacturers and importers, Youth switch off phones to evade Ksh9.2 billion govt loans, and lower taxes for select companies.
- Kenya has once again been hit by ongoing contract cancellations carried out by the Department of Government Efficiency (DOGE), a US government initiative.
- As more Kenyans seek safer and smarter ways to grow their savings, Money Market Funds (MMFs) are gaining popularity as a low-risk, accessible investment option. As always, prospective investors should carefully assess their investment objectives and consult financial advisors if necessary before…
- Parents lamented that they were unable to buy stationery and meet school fees as schools reopened on Monday, April 28 — an inconvenient date for many salaried individuals.
- In this Newsletter, we cover the back-to-school headache for parents, coffee farmers smiling all the way to the bank, Kenya’s upcoming Ksh97 billion loan, and 97 Kenyans scammed Ksh15,000 each.
- In the end, one Kenyan friend earned Ksh32 million while the other only reaped Ksh2 million despite kicking off their investments with Ksh5,000. Here is the power of compound interest that billionaire Warren Buffett (Ksh20 trillion net worth) swears by.
- Driving a car with foreign plates in Kenya is permitted, but it’s not as simple as crossing the border. You must comply with Kenya’s customs and traffic laws
- At a time when returns on passive income investment vehicles have been falling, the Mansa X special CIS fund has been piquing investor interest due to its relatively high interest rates.
- According to the government, over 45,000 Kenyans have become homeowners through the affordable housing programme, 367,000 have registered for Boma Yangu services, and 531,043 savers have contributed over Ksh 2.255 billion. Here is a list of all projects and units available.
- As an adult decades later - with a decent job, family, and all - I’ve realised just how resourceful the women were. None had any formal employment, and most had husbands unemployed as well. It's hardly hyperbole. Women, indeed, run the world. A Ksh100 note is worth twice to a woman, as it is to a…
- President William Ruto (left) speaks to Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), at a summit in Paris in June 2023.
- Speaking exclusively to Money254.co.ke, Super Metro's CEO Nelson Nduki confirmed that the company would comply with the ruling even as the drivers take a retest.
- Government Spokesperson Isaac Mwaura, in an address to the press on Monday, noted that Macadamia farmers were among the biggest winners, with prices rising from Ksh24 to Ksh100 per kilogram — a more than fourfold increase.
- Government Spokesperson Isaac Mwaura on Monday reiterated that Finance Bill 2025/26 was yet to be tabled, refuting reports that a version of the proposal was already in the public domain, insinuating an increase in 8 different tax and levy categories.
- Boma Yangu is a portal created to support Kenya’s Affordable Housing Programme (AHP). It serves as a central hub where you can register, save money towards a home, and apply for housing units under government-backed projects. The Kenyan government launched the AHP in 2017 as part of the Big Four…
- When you receive your paycheck, you’ll quickly discover that the salary you agreed to isn’t what you are bringing home. Your payslip typically contains three main parts; how much you are being paid, the taxes you are paying, and any other deductions that are being made. Understanding these…
- Umba has secured USD 5 million (Ksh650 million) funding to expand its operations in Kenya. The digital bank, which has operations in Kenya and Nigeria, specializes in lending to Small and Medium-sized Enterprises (SME) while also offering flexible financial products, such as vehicle financing and…
- National Treasury Principal Secretary Dr. Chris Kiptoo on Thursday, April 10, launched the Electronic Rental Tax Information System (eRITS), a groundbreaking initiative aimed at revolutionizing rental income tax collection and increase the tax by by more than five times.
- A previous study by the Kenya Medical Association found that patients in urban hospitals wait an average of 3 to 6 hours for outpatient services, with consultation times often lasting less than 10 minutes. Antara is helping more Kenyans stay healthier without paying more by building relationships…
- Saccos, which had shares at the union, were financially hit after an audit by PricewaterhouseCoopers (PwC) exposed the financial malpractices of former directors.
- Kenya is banking on the African Union to help secure an extension of the African Growth and Opportunity Act (AGOA), which allows selected goods duty-free access to the US market, following new US tariffs that have raised doubts over the future of the trade deal.
- What started as a side hustle to make extra money became a dream to create a space where women feel pampered and rejuvenated. A business that now generates monthly revenues of between Ksh200,000 and Ksh250,000 - on a good month. To gain insight into how the spa business operates, Money254.co.ke…
- An analysis by Money254 shows that for every day you work, the first Ksh801 you make goes to a set of direct taxes that are deducted before your salary gets to you. You also pay another Ksh334 per day - through direct taxes. Meaning you pay taxes worth about Ksh1,135 per day
- In some instances, Mugo noted that the salary deductions were more than two-thirds of employees' pay, contrary to the provisions of the Employment Act of 2007.
- While some countries have strongly opposed the U.S. tariffs—going as far as threatening retaliatory measures—Kenya has taken a different approach. Nations such as China and Japan, which were hit with steeper tariff increases, have openly condemned the move and hinted at potential trade…
- In this newsletter, we are covering the new proposals by Nairobi County that will see motorists pay Ksh1,000 per day to access some areas of the city.
- As detailed in the Nairobi City County (Taxi Cab Permit) Regulations of 2025, all persons in the taxi business will be required to register with a Sacco or be attached to a taxi-hailing company.
- "Institutions were expected to migrate to the new modular courses within five years of the expiry of the old courses. KNEC has been offering affected candidates opportunities to register and sit for the affected papers. However, some institutions have often used this as a loophole to register fresh…
- In this newsletter, we're covering how directors used a secret account to defraud Invesco Insurance, EACC's fresh push for certificate verification in both public and private sectors, and a criminal gang targeting M-Pesa shop owners.
- In an interview with Money254, Pancras Karema narrated his 10-year journey of building Expeditions Masai Safaris since inception while at the university and with no capital, navigating the Covid-19 curveball and eventually running a company worth 'tens of millions of shillings.'
- Beginning July 1 this 2025, some second-hand vehicle importers will pay less duty after the Kenya Revenue Authority (KRA) launches the new Transaction Value System for calculating import duty.
- Every week, Money254 publishes the prices of 10 basic products, including maize flour, rice, cooking oil, and eggs, and comparing prices across four major outlets to help you make a decision which deals to snatch.
- In this newsletter, we are covering the upcoming mandatory inspection by NTSA, police officers shutting down Gideon Moi's firm, and the slashing of funding for Ruto's advisers.
- There was a time I would scramble in January, May, and September, piecing together school fees from here and there. Sometimes I desperately found myself dipping into money meant for rent, other times, borrowing. This always had my heart racing.
- In this newsletter, we are covering the new proposal by the Trump administration that will see Kenyans in the US taxed for money they sent back to their relatives in Kenya.
- Before venturing into the complexities and risks inherent in the stock market, it's crucial to equip oneself with knowledge and understanding. This entails conducting thorough research to grasp the fundamentals of investing, which starts by identifying the key factors to consider when buying shares…
- In this Newsletter, we are covering the Knight Frank report, Aliko Dangote's purchase of Kenya's oldest tourism company, Nelson Amenya’s latest airport scandal, and President William Ruto's extended business talks with China.
