- In this newsletter, we are covering the types of rental houses with the highest profit margins, the Kenyan Government’s Ksh6 billion payment to a French firm despite cancelling the contract, and a businessman surrendering himself to the DCI over the MP's murder.
- According to the survey, which covers 2024, employees who work in extraterritorial organisations such as the United Nations maintain the top position.
- I earn Ksh150,000, and I'm currently servicing a loan of Ksh3.1 million. Should I take another loan of Ksh6 million, pay off the entire debt, and invest the difference? A financial expert offers advice.
- In this newsletter, we’re covering the creation of 782,000 new jobs, the sectors employing the most people, and Treasury CS John Mbadi’s explanation on why the removal of zero-rated products was necessary.
- The M10 has all the latest features you’d expect in a modern smartphone — but it also gives you more. In this article, we offer a deep dive into the M10 to see if it’s something that could actually be a game-changer for everyday Kenyans.
- Every week, Money254 will be publishing 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.
- The allocation presents a puzzle, since former US President Donald Trump issued an executive order pausing all international assistance, which led to a stop-work order that halted ongoing projects.
- In this Newsletter, we are covering the recently tabled Finance Bill 2025 as well as President William Ruto’s Madaraka Day speech and how it affects your wallet.
- The crackdown is taking place nationwide, with both individuals and businesses targeted. As of September last year, 511 companies had been found to be actively evading taxes, which cost KRA Ksh79 billion.
- In today’s newsletter, we are covering the approved Finance Bill 2025 by highlighting key proposals that are targeting businesses, employees and employers.
- Every Monday, Money254 will be publishing 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. Here we compare the cheapest prices this week.
- Chau identified electricity supply as a major obstacle to investment, noting that Kenya's 4-gigawatt capacity is insufficient for a population of 50 million.
- President William Ruto called for leadership changes at the IMF and the World Bank, noting that some of their practices were archaic and the world order has since changed.
- Motorists, including boda bodas and vehicles, risk paying a fine as high as Ksh20,000 should they not present their vehicles for emissions testing regularly.
- Treasury Cabinet Secretary John Mbadi and his Principal Secretary, Chris Kiptoo, embarked on fresh talks with the Bretton Woods Institutions among them IMF and World Bank.
- A source noted that the Iranian Government jailed 66 individuals in connection with the scandal and demanded action against their Kenyan counterparts.
- Today, we unpack a shift in Kenya’s banking sector after a decade-long freeze, a budget rescue mission with help from the World Bank and AfDB, and looming auction threats for affordable housing defaulters. Plus: What RBA is saying about early pension access, and why Parliament paused VAT reforms…
- Kenyan users of the CBEX crypto platform lost millions after their wallets were wiped out. The platform blames fraudsters and demands verification fees of up to Ksh25,930 before compensation. In other news we cover the Mitumba puzzle, and what Super Metro CEO Nelson Nduki confided to Money254.
- He expressed that the current tax measures, usually adopted every year through the Finance Bill, have made many businesses fearful, with some companies even warning of job losses.
- Some motorists in parts of the country will still pay up to Ksh188 for a litre of Super Petrol, a significant variation from the Nairobi area standard price of Ksh174.63.
- The Energy and Petroleum Regulatory Authority (EPRA) on Monday announced a decrease in fuel prices across Petrol, diesel, and Kerosene. Petrol will now retail at Ksh174.63, Diesel at Ksh164.8,6 and Kerosene at Ksh148.99 in Nairobi.
- KRA will roll out a new valuation system for second-hand car imports by July 2025 to reflect current market prices after a court ruled the 2019 version unconstitutional. Depending on the revised values, car prices will change. Top Kenyan banks earned Ksh61B more in 2024 due to wider lending margins.
- The ongoing trade war between China and the United States intensified after President Donald Trump raised tariffs on Chinese imports from 104% to 125%, even as he paused new duties on Kenya and other countries for 90 days.
- The United States government has flagged the rise in fake land title deeds in Kenya as a major concern for foreign investors, citing it for the first time in an official trade report. The US Trade Representative warns that investors risk being duped with fake or double-issued land titles due to…
- Kenya has revealed intentions to explore more business opportunities in the US after the Trump administration imposed a 10% tariff on Kenyan exports. According to Trade CS Lee Kinyanjui, Kenya enjoyed the lowest tariff rate, a move that will make Kenyan exports cheaper compared to other African…
- Fraudsters, aided by rogue bank staff, are scamming retirees by spoofing bank customer care numbers and tricking them into transferring pension benefits via USSD. TSC faces scrutiny over politically influenced teacher recruitment, with reports of appointment letters being distributed at State House.
- Another year, another opportunity to make a better life. Part of making a better life is investing. This year presents another opportunity to invest and improve the quality of your life. However, where should you invest this year? What industries and businesses are likely to have good returns in…
- The Treasury is proposing changes to the KDIC Act to allow depositors to receive up to Ksh500,000 per account, instead of per individual, in case of a bank collapse. Kenya’s exports to the US rebounded by 22.8% to Ksh72.96 billion in 2024, driven by strong apparel and textile demand, despite…
- Graduates take approximately five years before getting meaningful employment and some earn as low as Ksh6,000 according to a HELB report. Higher Education Loans Board (HELB) CEO Geoffrey Monari has revealed that 35.2 percent of loan beneficiaries have defaulted on their payments.
- The Treasury has revived plans to lease Kenya Ports Authority (KPA) assets, including the Lamu Port Container Terminal and multiple berths at the Mombasa Port, to private investors. EPRA shut down nine fuel stations for selling adulterated fuel and diverting export-bound petroleum for local sale.
- Imagine owning a piece of Apple, Tesla, or Amazon from right here in Kenya. Thanks to modern technology, investing in US stocks is no longer limited to Wall Street traders—it’s now possible for you to buy and hold shares in some of the world’s biggest companies from your phone or laptop.
- Should the new deal hold, Mobius Motors stands to rise from the scrap yard, and with it, Kenya hopes to give Morocco and South Africa, the leading automotive hubs in Africa, a run for their money. Silver Box will inject the much-needed capital into Mobius, potentially enabling the company to…
- President William Ruto has reshuffled his administration, nominating 14 new Principal Secretaries (PSs), reassigning six, and demoting others while creating five new state departments. No PS was dismissed, with some reassigned as ambassadors or advisers.
- President William Ruto has been pulled into a dispute between local banks and a Nigerian firm over the development of a real-time payments system, with Nigeria Inter-Bank Settlement System Plc (NIBSS) and its partners seeking President William Ruto’s support. The NIBSS is owned by the Central Bank…
- CBK Governor Kamau Thugge will appear before Parliament today to explain why commercial bank loans remain expensive despite the regulator lowering the benchmark interest rate.
