- “You need at least 12 licenses to start a hotel in Kenya,” reads an excerpt from a tweet that triggered Kenya’s business community recently. Starting a business is a very demanding undertaking. However, starting one in Kenya is even more challenging as countless entrepreneurs went on to attest…
- It’s been a busy last seven days. From plans to send 700 Nairobi Metropolitan Services (NMS) employees home to farmers getting relief due to subsidised fertiliser prices to reports revealing that most Kenyans do not have a retirement savings plan, there have been a number of developments in the…
- It’s a new month! Are you looking for a government job, either to change careers, get new experience, or earn a better pay? Are you looking for some foundational work experience, too? Well, this article provides a roundup of open employment opportunities in government institutions you can apply for…
- Once I tie the knot, that’s it. I will no longer hang out with my single friends as a matter of principle.Just to be clear, I mean the forms of single that are present in Nairobi ie single but still friends with an ex, single with baby mama drama, single with bestie, and single coz she hasn’t asked…
- You must have already heard of the dangers of living beyond one’s means. What you may not really know is you could actually be one of those unenviable people living beyond their means. It is one of the surest ways to not just retire poor but to also live a low quality life, to never own what you…
- Why are you living in Nairobi? If you have a regular 8-5 job, well and good. However, if no employer needs you in some kind of office, then what makes Nairobi your preferred dwelling place? If living in Nairobi is causing you sleepless nights in terms of expenses, and you have no obligations to…
- Nairobi is not referred to as the concrete jungle for no reason. It takes a lot of wit, resilience, and patience to make an honest living in the city. There are countless ways in which scammers obtain your private information – and just when you think you've figured it all out, they come up with…
- Following the highly publicised and heartbreaking evictions over non-payment of rent during the pandemic, the National Assembly is in the process of approving a Bill that is aimed at levelling the playing field when it comes to landlord-tenant relationships.
- I am at that stage in life where all my friends are either married, with kids, or both. Scrolling through Facebook the other day (something I rarely do), I was taken aback when I saw a former desk-mate of mine posing with his wife and two almost fully grown kids.
- The Finance Bill, 2022 went through the First Reading on April 13, 2022, and to say it has led to an uproar among Kenyans would be an understatement. From media personalities to the Kenya Association of Manufacturers, Kenyans have been vocal about some of the proposed changes that will see more…
- The highest paying job in Kenya’s private sector in 2021 were in the extraterritorial organisations and bodies industry, where employees raked in an average of Ksh3,757,013 per year, translating to about Ksh313,084 per month.
- With no medical cover, the rainy day account didn’t even make it past week one. We had to engage friends and loved ones in a WhatsApp group that was created specifically to raise the money needed. It was a lot. If you don’t have health insurance, I beseech you to find a way to set this up.
- Thika, Juja, Ruiru towns reflected a surge in investor demand which was reflected in land asking prices increasing by 6.3%, 4.6%, and 1.6% respectively. Ruaka is emerging as the leader of satellite town in demand for and increase in value of apartments. Land as an investment continues to outperform…
- The Nairobi expressway, which is set to be opened to the general public on May 14, 2022, will feature several payment discounts. Moja Expressway, a subsidiary of China Road and Bridge Corporation (CRBC), recently publicised a discount system in a bid to encourage road users to adopt their card…
- Moving out and into your own place is seen as a right of passage by most. A statement declaring your independence and transition into adulthood. However, extenuating circumstances could force one to move back home. This could potentially lead to conflict.
- Remember when I told you guys about how and why I quit betting? Well, I left out a few things that have since resurfaced, and I need to explain. Have I relapsed, not exactly…I am betting yes, but on something else entirely.
- With the discontinuation of the KCB Mobiloan last week, consumers have to contend with marginally more expensive loan products as Mobiloan was seen as the cheapest digital credit facility when compared with other lenders in the market. It's replacement, Vooma, however still appears to be one of the…
- The early twenties are a period of exploration, figuring out our true life goals and experimentation. We do make many financial mistakes during this period and as we approach our 30s and 40s, we look at some of the lost opportunities and learnings. Take it from me, decisions we make in our twenties…
- About two taxes and seven levies that EPRA incorporates in its formula to set duel prices account for over 48% of the total cost at the pump. This means that consumers pay more in taxes and levies than the actual cost of the fuel.
- Local experts estimate that top TikTok creators in Kenya can easily earn between $2,000 (Ksh287,800) and $3,000 (Ksh431,700) per month from TikTok Live virtual gifts. It is these live streams that have attracted nationwide condemnation following growing abuse of the platform's affordances.
- Government ministries, departments and agencies have until the end of today to migrate to the new payment method unveiled by President William Ruto on June 30 following the termination of over 1,400 PayBill numbers that Kenyans have been using to pay for various government services - many available…
- Over 350,000 Kenyans had already registered for Worldcoin by Tuesday, August 1, according to the organisation, as thousands more are being dispersed from registration centres including at the KICC where the allure of "free money" in the form of Worldcoin tokens is seen as the biggest motivator in…
- If you have an existing loan at a bank or are planning on taking one from August 2023, you may have to contend with higher interest rates as commercial banks begin repricing their loans in line with the Central Bank of Kenya’s (CBK) base lending rate. The CBR increased from 9.5% to 10.5%, the…
- While many Kenyans, especially those who own SMEs, have embraced logbook loans as one of their go-to credit options, logbook loans are generally misunderstood, if not feared. Indeed, there is a real risk of losing ownership of your vehicle since it is used as collateral and you have to enter into a…
- This is a detailed guide on how to go about filing your tax returns on the Kenya Revenue Authority (KRA) iTax portal, as well as an exhaustive response to all the frequently asked questions regarding filing taxes in Kenya.
- The newly launched Umba Microfinance Bank Logbook Loan is offered starting from a competitive monthly interest rate of 2.49%. This is when compared to comparable logbook loan products offered by microfinance institutions. If you are employed with a payslip or have a registered business, this loan…
- When it comes to relationships, nothing comes close to money in terms of its ability to raise the tension to 'end-of-the-world' levels. Psychological, behavioral and neuroscience research indicates that how stable and secure you feel in your relationship often mirrors how secure you feel about your…
- The Public Service Commission has advertised 63 job openings in the State Department of Gender and Affirmative Action as well as the Ministry of Defence.
- The Public Service Commission (PSC) on Tuesday, March 28 announced 1,300 job vacancies for teachers who will work in various Technical and Vocational Training Institutes (TVETs) around the country.
- The Nairobi County government has announced paid internship slots in a number of industries, offering young graduates looking for full-time employment an opportunity. City Hall posted several job postings, on the county's official website, for positions ranging from quantity surveyors to civil…
- In January 2023, Safaricom enabled Fuliza users to withdraw money directly from an M-Pesa agent. Regular withdrawal fees will still apply and will be deducted from your available overdraft limit.
- Banks have been going bust. Anxiety has been rising about which bank could be next. What happens if your bank, where you have been making regular deposits, channeling your salary through or even have a savings account with - and then the bank goes into receivership and is eventually liquidated. How…
- Latest Central Bank of Kenya data shows that 13 out of the 39 banks in Kenya were found to have violated a range of compliance regulations. This is even as the number of high-quality accounts holding over Ksh100,000 increased at the highest rate in 3 years as Kenyans increased their savings and cut…
- If you have ever lend a friend money out of care and they literally took it to be a donation, you are not alone. I don't know how I even keep hanging out with some of my friends who still owe me sums for months and even years.
- Digital lenders have done some good for individuals and businesses. But what they have been largely known for is the bad; predatory lending, uncouth debt collection methods, debt shaming and contributing to high debt distress. But there's more to all this.
- The latest EFG Hermes report shows that Kenyans save the least across East Africa, with a paltry 12% saving rate. This falls well below the continent's average of 17%, with Tanzania already past the 20% mark.
- As the liquidation of Charterhouse and Chase banks are approved by the Central Bank of Kenya (CBK), digital lender Branch has acquired 84.89% of the issued share capital in Century Microfinance Bank Limited. If further approvals by the Capital Markets Authority (CMA) and the CBK are granted, Branch…
- While living debt-free sounds nearly impossible in today’s world, coupled with the ongoing pandemic that has resulted in mass layoffs, it’s still possible to work towards financial freedom. Financial freedom generally means having enough savings, investments, and cash on hand to afford the…
- Hobbies are already great for our mental and physical wellbeing - they make us happy even when things may be falling apart elsewhere. You bet they'd make you even happier if you can get paid while at it. Many have succeed in turning their most cherished hobbies into fully fledged businesses too.…
- From restructuring the digital service tax, to an attempt to remove Parliamentary oversight on VAT approval, to removing some essential zero-rated products, here is how the National Treasury seeks to finance Kenya's largest Budget since independence (Ksh3.6 trillion) and how it may affect your…
- The pandemic has only exacerbated the situation as a Communications Authority of Kenya (CA) report released in January 2021 shows a 159.9% increase in cyber threats in July-September 2020 as compared to the previous three months. Of the 35.1 million incidents recorded in the period, 27.4% were…
- 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 wealthy, with almost every single shilling available…
- 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.
- 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.
- 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.
- 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.
- 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. Offline, a new crop of specialised service are gaining…
- 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.
