- Examples of businesses that are likely to fall within the purview of this law include kiosks, food joints popularly known as vibandas, butcheries, and market traders popularly known as mama mbogas. The turnover tax will be applied before the deduction of expenses and will apply regardless of…
- In December last year, I popped the big question. Vera is a pleasantly witty lady with a dark sense of humour. We had met in college three years prior. After graduation, I landed a marketing job at an insurance firm. Vera had joined her family’s city automotive business finance department.
- Repossession can have significant effects on both your credit ratings and your finances. It can severely damage your credit scores, making securing future loans harder. A repossession remains on your credit report for several years, signalling that you could not fulfill your financial obligations…
- KUCCPS has since published the cost of each degree course as submitted by all public universities for students to be aware of as they choose their courses. Upon admission, students will not receive uniform scholarships as has been the case. Funding will be based on the financial capability of the…
- Developing the financial acumen needed to monitor your finances is not an uphill task. It just requires some discipline and commitment. This list is by no means exhaustive and you may want to explore other apps and tools that will help in achieving the desired objective.
- "I wish to reiterate that students who will select courses in Public Universities will be eligible to access both the Government scholarships and loans, while those who will select Private Universities will be eligible for Government loans only." Education CS Ezekiel Machogu announced.
- To break the cycle of black tax, it is imperative that you take proactive steps that will ensure you achieve financial independence and lift your dependents. That will require taking control of your finances and adopting investment strategies that will help your build and protect your wealth.
- Under the new tariff, Kenya Power has classified consumers into three categories. The first group will be the low consumers (below 30 units a month). The second category are those who consume more than 30 but less than 100 units; while the third one is for those who consume more than 100 units per…
- When it comes to taking out a home loan, it's crucial to understand all the details of the loan products you are considering. You don't want to find yourself in a situation where you're paying more than you need to or can afford.
- By understanding your money personality, identifying your spending triggers, developing strategies to overcome them, and seeking support and accountability, you can break free from your old habits and build new ones that align with your financial goals.
- If you understand the difference between needs and wants, identify your priorities, and consider factors such as budget, urgency, and value, you can make a confident and informed purchasing decision.
- While foreign used cars may offer a broader range of options and better features, they come with the risk of hidden damages and fraudulent sellers.On the other hand, locally used cars come with a higher level of transparency and less risk but may offer limited choices and could have higher…
- The digital economy continues to disrupt many of the traditional business models. From online media houses, to social media, to digital taxi-hailing-platforms, to accommodation - the list is endless. One of the areas where Kenyans have invested with gusto is the online-supported accommodation units…
- Free online courses offer a world of opportunities for personal and professional development. Knowing where to find them and how to make the most of them can unlock your potential and achieve your goals.
- Absa Bank Kenya on Tuesday, March 14, announced a profit after tax of Ksh14.6 billion for the full financial year ended December 31st, 2022. This is a 34% growth in profit up from the Ksh10.87 billion net profit recorded in the 2021 financial year. The Standard Chartered Bank Kenya also announced a…
- For most people, focusing on saving for the future is a top priority. The road to financial freedom can be long and challenging, but it all starts with developing a great saving plan. Recently, I was thinking of ways to improve my saving culture and decided to observe my friends.
- Saving and investing serves two distinct yet important functions. At any given point, you need to do both. Therefore, you must learn how to balance saving and investing money to achieve your short- and long-term financial goals.
- Motherhood. It was definitely an experience listed on my wish list. I lived with my sister throughout her pregnancy and also put in a few years raising my nephew. These experiences gave me the idea that I had the manual for all matters pregnancy. But there are many unknowns, as I would come to…
- When buying a car, it's important to be aware of the potential scams and frauds that car dealerships may use to take advantage of you. These scams can include false advertising, hidden fees, high-pressure sales tactics, and more.
- Protecting yourself from predatory lenders starts with being proactive and informed. So, take charge of your financial well-being today! First and foremost, always trust your gut feeling when you have doubts about a lender. If something seems fishy, it probably is.
- When you are in your 20s and single, you have the perfect time to establish healthy financial habits and make smart financial decisions that can lead to long-term financial stability and success. After all, creating a strong financial foundation is crucial because it sets the stage for your…
- Four months into 2023, it is important to reflect on the resolutions you made at the start of the year. This is particularly important in your personal finances because they have an influence on other spheres of your life - including where you live, your mental and emotional being, your social life…
- Many people are increasingly choosing to go freelance, and it is becoming more likely for them to work in numerous roles and industries throughout the course of their professional life. Freelancing is a great side hustle that, if pursued diligently, has the potential to take over your 9-5 job.
- As the competition for graduate positions heats up, students must devise innovative strategies to distinguish themselves from the plethora of similarly qualified and skilled competitors.
- Valentine's Day festivities come in a variety of sizes and shapes. And they get very costly really fast given the huge amount of pressure to spend money on your significant other. This can be particularly challenging for a college student who is yet to get a steady income of their own.
- The aftermath of a partner's job loss can mean reconstructing your plan for how you pay shared expenses, the amount you spend together as a family, and many other monetary logistics that need to be sorted out. Have you ever dealt with your partner's job loss? How did you manage it?
- As you grow older, some of the friends you had on campus will get employed faster than others, some will get married and start families and others will start businesses. It then dawns on you that taking different pathways in life also means that financial capabilities and money values will differ…
- You polished your CV and cover letters, did well in interviews, and kept a positive attitude even when the process appeared to be slow. You've finally gotten a job offer! Then there was another one. So, what next?
- Studying in Kenyan universities comes with very many decisions, a major one being where to live. The two most popular options stand out. Should you live in managed student accommodation(on-campus) or private rentals (off-campus)?
- As the lockdown was being announced in March 2020, Maureen King'ori was busy gathering resources and a team of campus-mates to launch a business that over a year later, and now a graduate employs not just her but a dozen others.
- As a result of increased unemployment and job uncertainty, many young people are conflicted about their professional prospects. If you're planning your career path and want to gain the skills that most employers require, it's vital to be informed of current employment market trends.
- College graduates leave school with an eagerness for the career they want to build. However, when they start looking for employment in the ‘real world’, oftentimes things don’t go as planned.
- So you got a job? Great! A paycheck will be coming every month. Now, you need to know that the habits you put in place today can set you up for a lifetime of successful money management, or not.
- Anyone who has spent time browsing employment adverts will notice a recurring phrase. That is, "competitive pay" or "competitive salary." Why do employers use this in job adverts? Is it a trojan horse? How do you know you are getting a truly competitive compensation package?
- Everybody faces financial challenges at some point in life. Kenyan youth, in particular, have their fair share, ranging from employment, job security, to managing student debt and mobile loans to gambling and lack of enough savings to invest or start a business.
- Leaving college and joining the "real world" can be nerve-racking. The job search can be stressful, and if getting a job is your main objective, it may be tempting to accept the first offer you hear from a potential employer. Accepting a low-wage job, on the other hand, may come back to haunt you…
- Are you tired of living paycheck to paycheck or struggling to make ends meet after college? You’re not alone. Many recent graduates and new employees find it challenging to build a stable financial foundation and secure a steady income stream.
- After graduation, finding a job is a key priority for many students. However, due to the competitive job market, looking for a position that fits your ambitions can take a lot of time. This is where internships come in.
- The Kenyan job market is undergoing major changes amid the automation and digitization of various sectors of the economy that have resulted in redundancies in various sectors.
- Work will take up a significant portion of your life. According to studies, the average person spends one-third of his or her awake hours at work. As a result, it is critical to take a step back and consider the type of career, profession, and industry in which you want to spend that amount of time.
- Career growth is/should be the goal for anyone looking to optimize their time and effort at the workplace. Naturally, hard skills will get you through the door but it is the less highlighted soft skills that will get you up the ladder.
- Your twenties are the most foundational decade of your life because they mark the beginning of your adulthood, and for most, independence. The earlier you begin, the faster you will become an expert at anything - literally anything you’d want to be the best at.
- Are you stuck at a job you detest because of perks, name recognition, and respect? You are not alone. Most Kenyan workers drag themselves to work daily in positions that don't provide contentment.
- College life can be expensive and challenging. When you're managing school, studying, and life, knowing a few basic strategies to make money can come in handy. At this stage in your life, there are some creative ways you can make money without having to put your studies in jeopardy. You will not…
- Nike, Apple, and Uber are all household names. What images do you conjure? Think Nike and images of hard-working athletes; think of Apple, and terms like "sleek," "sophisticated," and "state of the art" come to mind. Know what? The same should apply to your personal brand.
- "Show me your friends, and I'll tell you who you are," As the Greek proverb goes, our friends mould us. We are the sum of the people we associate with. Friends, like family, shape who we are and who we will become. Of course, you are not alone in measuring your success by your social circle.
- The nearly four years of college present a tremendous opportunity for the discerning student to set themselves up for financial success. One can build life-changing financial habits, all in small bits and when they enter the labour market, have much higher chances of building wealth.
- College should be a breeding ground for startups. According to the Young Entrepreneurship Council, nearly 90% of young people believe that entrepreneurship is important.
- The first few steps into the world of working can be daunting for any college graduate. Nothing can prepare you enough for the hours and hours you spend, sending job applications and sulking after receiving regrets.
- If you have ever made poor financial decisions in the past or developed poor money management habits over time, you've definitely tried to figure out how and where things went wrong.
