- Many Kenyans yearn for that extra coin to supplement their regular paycheck. But how can you make more money if your job or business takes up so much of your time? The most talked about component of personal finance right now is passive income and how it can turn around fortunes.
- Some get their biggest money lessons from failed businesses, others from thought-provoking books penned by renowned authors such as Paulo Coelho. However, I got mine from a romantic relationship that ended in 'premium tears'.
- Several money-related topics have made headlines over the last week. From South Africa offering Kenyan passport holders three months of visa-free entrance to APA discontinuing comprehensive insurance for some car models, and the state seeking professional jobs for Kenyans in Saudi, there have been…
- Habits expert and Atomic Habits author James Clear says “every choice has a price, but when we are motivated, it is easier to bear the inconvenience of action than the pain of remaining the same.”
- Are you stressed about the holiday season and wondering how you will survive it? You are definitely not alone. Most people will feel the pinch. Thanks to the high inflation witnessed this year and the weakening of the Kenyan Shillings against the dollar, prices of goods and services are off the…
- KRA is inviting applications from fresh Bachelor's Degree and Diploma graduates for its January to December 2023 Internship Programme, in support of the Government's Youth Initiative to establish a pool of young talent for the Kenyan labour market.
- For years, commission-based jobs were the preserve of the sales and marketing department. However, more employers have embraced the idea of pay based on agreed deliverables. For instance, you could be hired as a chef and receive pay as a share of the number of meals you prepare and sell. Some…
- It is that time of the year you have been waiting for. The holidays are around the corner, and retailers nationwide are offering massive discounts to everyone eager to shop—both online and offline. Whether you are looking to upgrade your home appliances or electronics, change your wardrobe or buy…
- As consumer loans become more accessible, more Kenyans have been using them to get out of emergencies and financial fixes. The most common consumer debt incurred is digital loans through mobile money services and smartphone applications. Research published by Global System for Mobile Communications…
- The high cost of living has become a global crisis and has nearly affected every aspect of our lives. Different people have had to come up with ingenious ways to survive by cutting down expenses and increasing their savings to cater to the increasingly uncertain future.
- The National Youth Service (NYS) has launched a nationwide push to recruit eligible Kenyans into its 2022 cohort. In an advertisement in local publications on Tuesday, August 16, the service says it is looking for both male and female volunteers to join the NYS program.
- The Public Service Commission (PSC) has announced job openings for Principal Secretaries (PS) positions following the election of a new government after the August 9 poll. A principal secretary is in charge of the administration of a state department within a Ministry such as Interior, Planning,…
- The Independent Electoral and Boundaries Commission (IEBC) on Friday, April 22, announced over 400,000 temporary positions ahead of the August 9, 2022 election. Kenyans are invited to apply, with the application deadline set for Thursday, May 5, 2022.
- No one will want to do a job that doesn’t pay well. But sometimes, people may be blinded by traditional expectations and fail to see income-earning opportunities in jobs considered lowly. Taking a long wait to secure a white-collar job can hurt your financial goals and growth.
- Is it baffling to you how thousands of Nairobi hawkers are so skilled at what they do? You can encounter an ordinary hawker who lives a simple lifestyle or another who drives the latest automobile model and dresses in the most elegant attire and ask aloud, "how do they make money?"
- Just imagine that you are in your house watching TV or enjoying some family time then your phone begins to buzz with transaction messages from your bank or M-pesa yet you are not the one making those transactions. It's a dreadful scenario to be in and you could just be a victim of a SIM swap fraud.
- The rate of inflation hit a record high of 9.2% in September making an already bad situation worse as more and more Kenyans struggle to afford basic necessities. But how are comparable countries fairing? A GeoPoll survey of 9 countries including Kenya unearths useful coping strategies that could…
- Everyone experiences financial emergencies or situations that require a quick cash injection - money that they don’t have - from time to time. This occurs whether it's to cover a sudden medical bill, household bills, travel costs, take advantage of a business deal, or fulfill an urgent order.
- Every day, a large number of people in need of money regularly ask, "Where can I get a loan in Kenya without security?" If you need money to start a small business, manage your cash flow, or finance your next stage of growth, this article on unsecured loans is for you.
- Being negatively listed on a credit reference bureau can be upsetting for most people. Most Kenyans, particularly the young, have expressed concern at even the slightest mention of CRB.
- When it comes to car mechanics in Kenya, to say their reputation precedes them would be a major understatement. It would not be fair to dish out a blanket condemnation, however, an objective look into some of the stereotypes attached to this particular group of professionals shows that there is…
- The Higher Education Loans Board's mission is to provide financial support to Kenyan students attending local and international higher education institutions. The organisation offers loans, bursaries, and scholarships for studying at authorised public and private universities and colleges in Kenya…
- Consumer loans are a craze that has taken Kenyans by storm. According to Business Daily, Six of the top 10 downloaded free software on the Google Play Store in Kenya are mobile loan apps. Mobile loan apps offer digital loans, Kenya's most common type of consumer loan.
- President William Ruto’s administration has announced an ambitious-yet-controversial programme that will seek to increase contributions made to the National Health Insurance Fund and the National Social Security Fund.
- Over the last week, several money-related stories grabbed the headlines with the government's new plan to ban mitumba causing quite a stir. The latest inflation figures were also published, and they paint a picture of another spike in the cost of living.
- If you're like most people, your debt is probably weighing you down. The worst part is that it can take a long time to pay off. But what if we told you there are ways to pay off your debt faster? Yes, there is!
- A report published earlier this year by the Kenya National Bureau of Statistics and the Central Bank of Kenya found that over 14 million Kenyans were taking loans from financial institutions. Almost half of the country’s adult population.
- You’ve worked hard, pursued your passion, and established a business or a freelance career. It’s not easy, so, good job! Being your own boss has numerous advantages, including the possibility of achieving the ideal work-life balance.
- If you want to build wealth, increase your sources of income, and stay financially stable, you'll need to use the money you have to make more money. And you achieve that by investing the money you have accumulated.
- Working in Nairobi and living in a different county is not for the faint-hearted. It is reserved for thick-skinned individuals who are willing to sacrifice a huge chunk of their day to any of the busy highways that zig-zag in and around the Kenyan capital.
- Financial stability is everyone's dream. You want to be in a position where you have total control of your finances, have confidence about your future, and don’t struggle to make ends meet. A financially stable person doesn’t have to worry about financial setbacks because they are confident they…
- Online freelance writing jobs in Kenya have gained popularity over the past decade. They are seen as the perfect route to beat unemployment and better off, some of the jobs pay handsomely as the employers are mainly in the developed world.
- Last week saw China reduce its loans to Kenya for the first time in 15 years. It was also during this period that the National Hospital Insurance Fund (NHIF) caused a stir across social media platforms. This was after the state insurer announced that soon enough, men will be able to cover multiple…
- What was your first house like? That very first living space that you moved into as a young adult full of optimism and an unquenchable thirst to conquer the world. Mine was a tiny bedsitter located in the very heart of Ruaka. This was a while back and Two Rivers was just a patch of bush and trees…
- Should you get serious about personal finance in your mid-20s? Absolutely. It's the perfect time to start building your financial foundation. And you want it as strong as it can be.It's easy to get lost in your youthfulness and forget to create a roadmap that will ensure your stability when…
- How committed are you to your retirement planning? Are you saving and investing to ensure you will be financially self-dependent in your sunset years or do you have other plans? Like betting on your children's support?
- A lot of things have the potential to slow down your financial growth and prevent you from reaching your financial goals. But the worst of them all is financial instability. Financial instability happens when you lose control of your finances, jeopardise your future and struggle to make ends meet…
- If you want to sell to a female buyer in Kenya, you should think beyond perfumes, clothing, and shoes. Of course, they continue to have enormous commercial potential since who wouldn't want to spend on the latest designer shoes or carry that stylish handbag? The hairstyles, current smartphones, and…
- Everyone has the ability to save money, however, doing it consistently over a long period of time is something most people have struggled with or are struggling with. If faced with any kind of emergency for example unexpected medical expenses, most would find it hard to raise Ksh50,000 without…
- High inflation levels and increasing living costs mean you'll need to prepare adequately for retirement to meet your basic needs. But you might mistakenly think retirement is far away, maybe three decades away. So, what do you do? You shelve planning for your golden years in favour of living a…
- Having friends is a good thing. They are a support system during tough times and celebrate the good and fun times. But there is also a reason they advise you from a young age to avoid bad company.
- President William Ruto’s nominees to the Cabinet are undergoing parliamentary vetting at the National Assembly ahead of approval or disapproval. This publicly televised process gives Kenyans a glimpse of the wealth profiles of the men and women tasked with implementing the Kenya Kwanza manifesto.
- Launching a new business is challenging, especially if you can't decide between numerous promising opportunities. Although successes most commonly identify businesses, entrepreneurs sometimes have to try out many unsuccessful strategies before finding one that succeeds.
- As you become more financially stable and increase your earnings, your family, friends, and colleagues will start coming to you whenever they're in a financial fix. They'll be on your doorstep or messages when their kids have been sent home for school fees and when the landlord threatens to throw…
- Having a child brings so much happiness and excitement. It is an overwhelming experience. Becoming a parent will change you and your finances. As you juggle new responsibilities, a new routine, and your career, you could make bad financial decisions. And most of these mistakes are a result of…
- Emergencies, such as unexpected medical expenses and other incidents that require money fast can come at any time. Some are expected, while others are utterly unexpected. And if you don't plan ahead of time, they might drastically impair your financial situation. When you do not have the cash to…
- Starting a business with a significant other may seem insane to some. Working close is not an option. For others, it's a dream come true. As business partners, you can bond and achieve the work-life balance required for a growing young relationship.
- Goals come in different lengths; short-term, medium, and long-term. To understand long-term, you also have to know how short and medium-range goals work. Short-term goals can range from a week to a few months, they are actionable, and you can do them either now or soon. For example, you can plan to…
- If you have learned anything from parenthood thus far, it is the impact a baby can have on your personal finance. They’ll force you to change everything from how you spend to how you invest for the future. And when you decide to have a second child, additional changes are inevitable.
- The effectiveness of the Kenyan credit information sharing system has come under scrutiny from the public and the government in recent days. President Uhuru Kenyatta’s administration made a number of strides in streamlining the credit information sharing system. For instance, in March 2020, at the…
