- A representative for digital lenders gave the example of a man who now owes slightly over Ksh1 million. The man earns Ksh55,000 per month but was able to take out loans from 52 digital lending platforms. While the borrower was able to access the loans, he cannot repay the loans as the debt is far…
- Turkana Central Deputy County Commissioner Thomas Siele has announced that residents must register for the Social Health Authority (SHA) to receive relief food, despite the program being voluntary.
- Hundreds of jobless teachers in Baringo, Elgeyo Marakwet, and Uasin Gishu have lost over Ksh3 million in a fake Teachers Service Commission (TSC) recruitment scam. Victims were tricked into paying large sums for fake job offers, with some taking loans or selling family land to secure positions that…
- An audit by the Auditor General has revealed that Kenya is losing Ksh89.4 million annually in commitment fees on undrawn donor funds for Covid-19 vaccines. Of the Ksh18.67 billion allocated for Supplementary Financing II, only Ksh800 million has been used, leaving an undrawn balance of Ksh17.87…
- Tanzania has introduced new protectionist tariffs on Kenyan goods such as eggs, dairy, meat, and confectionery, disrupting the East African Community (EAC) Customs Union’s rules and causing a Ksh4.2 billion drop in Kenya’s export earnings to Tanzania.
- About six months after my confirmation, I got this intense urge to live larger. I mean, I have a secure job now, and I cannot keep living in this small house. Still using the second-hand sofa set I had gotten as a bachelor. I need an upgrade! I thought. As the days went on, an urge to upgrade and…
- Piloted in December 2024, the Ziidi MMF has already achieved remarkable success, pooling over Ksh2.85 billion in assets under management from more than 450,000 customers. This success is attributed to strategic partnerships with Standard Investment Bank (SIB), and ALA Capital Limited, who will…
- If you are approaching retirement or have recently retired, it's crucial to make wise investment choices to ensure financial stability and a comfortable lifestyle. A smart strategy involves striking a balance between protecting your principal and investing for future growth. Here is a comprehensive…
- February 2025’s MMF performance, reflect the ongoing economic shifts. The average daily effective rate declined to 11.93% per annum, down from 12.19% in January. This downward trend mirrors falling Treasury Bill (T-bill) rates, which directly impact MMF yields. Despite the overall decline, some…
- President William Ruto has made changes in the positions of Principal Secretaries, ushering in 14 new entrants into his government. In other changes, Prof Edwin Kisiangani, who serves in the ICT Ministry, has been dropped as PS and will now serve as a Senior Economic Advisor to the President.
- The Sacco sector has faced a historical crisis in the aftermath of the insolvency that has hit KUSCCO on account of massive fraud. An audit by PwC detailed how top officials at the body engaged in unethical financial practices that put many Saccos the risk of losing billions of shillings. Here is a…
- A new report from the CBK shows that December 2024 recorded the slowest growth in money circulation since 2001, rising by only 0.58%. The slow growth in cash flow comes at a time when many Kenyans are feeling the squeeze of a high cost of living and increased payroll deductions that has…
- Most workers in private pension schemes have not been granted approval to offset higher NSSF deductions with their monthly retirement savings, forcing them to pay up to Ksh3,840 extra from February.
- One million Kenyans have received insurance protection over the past year, through an innovation insurance product offered between pay as you go smartphone provider M-KOPA - and Turaco, a Kenyan-based insurtech.
- Healthcare providers refusing to offer outpatient services under the Social Health Authority (SHA) risk deregistration, with Health PS Harry Kimtai warning that the government will not bow to pressure over unpaid medical claims.
- Kenya's National Police Service has received a Ksh7.5 billion boost in the latest supplementary budget, with Ksh2.5 billion earmarked for the Haiti security mission — an amount higher than Kenyatta National Hospital’s allocation of Ksh1.7 billion.
- James leaned back on the plush leather seat of his SUV, his eyes fixed on the blinking fuel gauge. He sighed. Payday was still five days away, and his bank balance was dangerously low. Being truly wealthy means having the financial flexibility to handle life’s surprises without relying on debt.
- MMFs have become the go-to investment option for Kenyan investors. MMFs often offer higher yields than traditional bank accounts, making them attractive to investors.Shilling MMFs are ideal for maximising returns while maintaining liquidity, while USD MMFs focus on capital preservation and currency…
- MMFs are becoming popular in Kenya due to their easy accessibility and daily returns. The CIC MMF is a low-risk investment option designed to offer capital preservation, liquidity, and inflation protection. Managed by CIC Asset Management Ltd, the fund aims to provide stable returns.
- The Retirement Benefits Authority (RBA) has proposed changes to pension laws to prevent workers from accessing their savings before turning 50, aiming to boost retirement security. Currently, employees under 50 can withdraw up to half of their pension when changing jobs.
- In 2022, he was a well-established videographer, covering both public and exclusive events. But then, everything changed. In a tough but necessary decision, Peter sold his motorbike—the last valuable thing he owned. Fast forward three years to 2025—Peter’s life looks very different. He has learned…
- Kenya Power has warned that electricity prices could surge by up to 30% if it yields to county demands to pay wayleave charges for its distribution lines, which amount to Ksh63.8 billion—a cost likely to be passed on to consumers.
- Kenya’s ambitious Ksh104.8 billion Social Health Authority (SHA) project is under intense scrutiny after Auditor General Nancy Gathungu revealed that, despite massive public investment, the government neither owns nor controls the system—with all intellectual property rights owned by a private…
- That’s when I realized how highly people rate formal employment and job titles. If you do not have a job title, family increasingly finds you irrelevant - like, respect is pegged on your job title - no matter how little you actually earn. Last Christmas, I saw Kim sell off a pair of turkeys for an…
- The Sanlam MMF, is a low-risk investment vehicle designed to offer capital preservation, steady returns, and liquidity. Managed by Sanlam Investments East Africa, the fund aims to provide higher returns compared to average bank fixed and call deposits while allowing investors the flexibility to…
- The government has not implemented a recommendation by the Kenya National Highways Authority (KeNHA) to lower toll charges on the Nairobi Expressway, despite inflation falling and the shilling strengthening against the dollar, but the Ministry of Transport argues that it is too soon to make…
- The government plans to raise Ksh9.2 billion in private funding to construct 2,320 low-cost rental units in the first phase of the Athi River Affordable Housing Project, as part of a broader plan to mobilise Ksh70 billion through public-private partnerships (PPP) in the 2025/26 financial year.
- The President, Deputy President, and top judges are set for a pay increase starting July, with the combined annual salary for the two top offices rising from Ksh36 million to Ksh42 million. Treasury documents also indicate that judges' salaries will increase by Ksh500 million, bringing their total…
- Maintaining a positive relationship with money isn’t as easy as it sounds. One day, you’ve got KES 100,000 sitting comfortably in your bank, and before you know it, it’s all gone. It feels like a never-ending cycle. Our relationship with money is emotional. Understanding your money attachment style…
- The draft Road Tolling Policy 2025 has entered the public participation phase - seeking to introduce road tolls to cover an annual Ksh253 billion gap in the maintenance budget. Major roads targeted for tolls include Thika Highway, the Kenol-Marua Highway, the Southern Bypass, among others.
- I’ve always been the kind of person who gets excited about Valentine’s Day - flowers, chocolates, catch a movie at a mall - all the mushy stuff. Two years back, though, I learned that expectations and reality don’t always align. I was a couple of months deep into a relationship. It had started off…
- The Affordable Housing Board has announced that Ksh46 billion from housing levy contributions have been invested in government securities, accounting for more than half of the total deductions collected.
- Despite the tough economic climate, several stocks on the NSE have continued to perform exceptionally well. In this article, we take a look at some of the highest returning stocks in terms of capital gains, by analysing price appreciation over the past year.
- The Kenya Revenue Authority (KRA) is intensifying efforts to enforce the 1.5% housing levy among informal sector workers, warning that defaulters risk having their bank accounts frozen and PINs blocked. While the levy has been deducted from salaried employees since July 2023, compliance among…
- The NABO Africa Money Market Fund (MMF) is a collective investment scheme regulated by the Capital Markets Authority (CMA). It is designed to provide investors with a low-risk and liquid financial solution. The fund offers competitive returns, last year they had a net return of 15% and currently…
- Trump's 90-day freeze on foreign aid has halted over $13 million in U.S. funding for an international security mission in Haiti, threatening efforts to combat armed gangs controlling most of Port-au-Prince. The mission, which involves nearly 900 police and troops from countries including Kenya…
- With Ksh50,000 a month, you have to balance your essential expenses, savings, and investments. To get started with investing, it’s important not to stretch yourself too thin. Your savings goal is important, but so is laying the groundwork for your future financial growth. Start small: Since you’re…
- A review of a service that is disrupting Kenyan healthcare as we know it. With Antara Health, you don’t just get access to doctors—you get a personal doctor for your family. Someone who knows your medical history, follows up on your treatment, and ensures you get the right care every time. Could…
- The government is proposing a new Road Toll Policy to raise up to Ksh4.8 trillion for road development and maintenance, introducing tolls on roads. Evasion could attract fines of up to Ksh50,000 or six months in jail. in other news, Members of Parliament have allocated themselves an additional Ksh1…
- Motorists in Kenya are set to pay an additional Ksh7.80 per litre of petrol as EPRA plans to raise margins for oil marketers for the first time since 2018. Diesel and kerosene margins and transport costs will also go up by Ksh7.75 and Ksh7.67 per litre, respectively. Parliament has increased its…
- Nairobi ranked 12th globally in luxury home price growth after prices of prime residential properties rose by 8.3% . The Commission for University Education has blacklisted 15 universities and colleges for operating illegally and warned that certificates from these institutions are invalid. Read…
- Saccos have become popular among Kenyans seeking high, yet steady, returns from savings and capital investments. From Mid-January, Saccos across the country started releasing their financial reports for the year ended December 31st 2024. The reports also reveal the dividend yields remitted to…
- Kenyans depositing money in SACCOs will face increased scrutiny on the source of their funds under the Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Bill 2025. The Bill empowers SASRA to regulate and supervise SACCOs for anti-money laundering (AML) and counter…
- KRA is shifting its focus to the informal sector by targeting businesses and individuals with a turnover of Ksh200 million and below. The new Department of Micro & Small Taxpayers, will use asset data to curb underdeclarations and boost revenue collection.
- "The year has been nothing short of a roller coaster for me and this regards all aspects of my life. I have made bold decisions, some in the heated spur of the moment and some after careful calculations and the results are all a balance of good bad, regrets and lessons learnt. To be a man and to be…
- An online forex trader has been charged with defrauding clients of Ksh215.3 million by diverting funds for his personal use. The Capital Markets Authority has suspended his license for 90 days to curb risks in online forex trading. The government will settle all NHIF claims of Ksh10 million and…
- KRA has placed an order for 350 body cameras—along with 20 external cameras, a server, 60 data collection devices, and a live-streaming system—for its staff at Times Tower in Nairobi to combat tax cheating and staff bribery.
- Before setting that “100K or nothing” rule, maybe ask yourself—do you want a rich guy, or do you want a financially smart partner? Because trust me, those aren’t always the same thing. Let’s not forget that a partner’s value goes far beyond what they earn. It’s about shared goals, mutual respect,…
- Shadowy private firms earned Ksh1.45 billion from the eCitizen platform in a year, with MPs demanding transparency about their operations and earnings. 54 Collective's shutdown affects numerous start-ups in Kenya and beyond, as funding from Mastercard Foundation ends.
- Rafiki Microfinance Bank and Turaco Microinsurance Kenya have announced a strategic partnership aimed at enhancing access to affordable and innovative insurance solutions for underserved communities across Kenya. The collaboration integrates microinsurance into Rafiki Microfinance Bank’s loan…
