- Each family has its unique needs, wants, goals and challenges. Understandably, to consider and to get started on setting up a family emergency fund, it is key to define what an emergency fund is in relation to the family unit.
- YouTube provides a huge potential for the creative, subject matter experts and enthusiast alike to make additional income or even create a formidable revenue source for themselves. But the journey is not as easy as it may seem.
- You've heard the story before. There are countless personal finance bloggers, financial planners, and gurus that preach on and on about the benefits of saving money — from the early days of your childhood to the latter days of your retirement, this gospel will remain.
- As a farmer, some of the biggest fights with buyers have been because of supermarkets. We’d go to the supermarket and find our tomato being sold at Ksh110 bob - yet we had only received Kshs60. We knew those were our tomatoes because the buyer owned the supermarket.
- “This partnership between Autochek and Turaco directly responds to this market demand by offering a bundled service that integrates vehicle financing, insurance, tracking, and maintenance, all under one digital platform.”
- Indian conglomerate Adani Group is facing more trouble after Nairobi-based lawyer, Francis Njoroge Wanjiku wrote to the Kenya Electricity Transmission Company Limited (KETRACO) demanding access to particulars of any Private-Public Partnership (PPP) deal with the group.
- The High Court has suspended the planned leasing of Jomo Kenyatta International Airport (JKIA) to the Adani Group due to a case filed by the Kenya Human Rights Commission (KHRC) and the Law Society of Kenya (LSK) that challenged the decision to lease the airport.
- My first holiday as a teacher had me so bored. You see, having grown up in Meru meant that when you were not in a classroom you were doing chores, herding cattle, fetching firewood or farming. I bought 5 rabbits from a plug in Kayole and I got so much joy from going around looking for whatever they…
- Over the last five years, numerous corporates have announced layoffs - some due to tough economic times, while others have done so after changing their business models. In the media business, for instance, nearly all leading media houses in Kenya have had annual layoffs for the past three years.
- Mbadi said under his leadership, the Treasury will reduce VAT from 16% to 14%, cut corporate tax from 30% to 25%, and reduce Pay as You Earn Tax (PAYE). He did not give specifics on the changes that would be made on PAYE.
- The general working of an I-REIT mirrors that of a listed company that sells its shares based on valuation and shares future income with shareholders based on performance. A valuation is done to determine the value of the total assets owned by the REIT. Then the value is split into smaller units…
- Among the requests that he will be making to the Asian nation is a loan to complete the construction of phases 2B and 2C of the SGR, which are from Naivasha to Kisumu and Kisumu to Malaba respectively.
- For the majority of Kenyans outside the area historically known as the Northern Frontier District (NFD), camels are those tall animals that fascinate them during picnic trips to various parts of the country. However, for farmers who keep camels, this is a precious animal with both commercial and…
- According to a report by the Energy and Petroleum Regulatory Authority (EPRA), Kenyans are paying more for cooking gas due to limited competition in the importation of Liquid Petroleum Gas (LPG).
- The US ambassador to Kenya, Meg Whitman has revealed that President William Ruto's withdrawal of the Finance Bill 2024 led to the International Monetary Fund (IMF) cancelling Kenya's Ksh131 billion loan.
- Despite the challenges in the equities market, foreign investors maintained a net buying position. Total foreign purchases amounted to Ksh11.6 billion, surpassing foreign sales, which totaled Ksh8.6 billion during the April-June 2024 period.
- Motorists have been overcharged an estimated Ksh16.4 billion or Ksh2.70 per litre of fuel since Kenya opted for government-to-government oil supply contracts with three Gulf-based companies.
- Speaking in the town hall meeting that was held at the Kenyatta International Convention Centre (KICC) on Sunday August 25, Ruto addressed concerns about the new funding model saying that it is meant to address inequality in our education system that has been going on for years.
- The pressure was getting worse. Every month someone had something to say about where I should and shouldn’t keep my salary and most times it ended up in everyone's pockets but mine.
- Financial independence isn't just a goal—it's a necessity, especially for women. Whether it’s avoiding the potential pitfalls of divorce, coping with the loss of a partner, or ensuring a peaceful and self-sufficient retirement without depending on your children, financial independence provides the…
- The Cabinet Secretary for Treasury John Mbadi has announced that the government is unable to hire 20,000 Junior Secondary School (JSS) teachers on a permanent and pensionable basis in the current financial year, as anticipated.
- The Teachers Service Commission (TSC), on Wednesday, August 21,announced that the government had provided funds for implementation of the second phase of an increase on teachers’ salaries.
- The Central Bank of Kenya (CBK) will spend Ksh14 billion to print new currency notes through a German printing firm, G+D. CBK Governor told Parliament that the move to print new currency notes was informed by a pending shortage of bank notes that was realised mid last year.
- My cousin wanted to throw a party for her son’s first birthday and the group was for us to contribute. Is it just me or was this quite ridiculous? Surely the harambee spirit has not gotten here. Supporting family is important, but I now reckon the need to do so without compromising my financial…
- Students who believe they've been placed in the wrong funding model band can appeal for a change through a Ministry of Education portal, according to Education CS Julius Migos. Migos promised that the Ministry was working very hard to re-band any students who send an appeal for wrong placement.
- The National Social Security Fund (NSSF) has advertised 131 job vacancies in various fields. NSSF stated that for these positions, it provides a competitive salary, a thorough benefits package, and opportunities for professional development in accordance with approved policies. Here is how to apply.
- Following President William Ruto's recent directive, public universities were instructed to withdraw the admission letters previously sent to incoming students and issue new ones that outline the financial contributions families are expected to make towards their children's education.
- The Public Service Commission (PSC) is restricting salary advances for civil servants, setting a maximum limit of one month's salary. A draft policy created by the Public Service Commission, specifies that an accounting officer may approve a salary advance for a civil servant, but it cannot exceed…
- Learn from his financial mistake: Discover why taking a loan against his car turned into a nightmare. Our writer shares the hard lessons learned, hidden fees, and the impact of not fully understanding loan terms. Don't make the same mistake—get informed before signing any loan agreement.
- Most of the money was lost by creating fictitious loans to non-existent members. The loans advanced are reported to have been withdrawn by Sacco officials who have since been removed from office.
- The Energy and Petroleum Regulatory Authority (EPRA) has released the fuel prices. The authority added that the 16% VAT on fuel would remain, raising questions on how the government responded to a Court of Appeal ruling that nullified some provisions of the Finance Act of 2023.
- A new bill has been proposed in Parliament that aims to give public servants the freedom to transfer their earned pension benefits from the Public Service Superannuation Fund (PSSF) to a retirement plan of their choice upon exiting public service.
- “I want to work with farmers at the farm level”, is what I told the CEO when he asked why I’d handed in my resignation. I was a Public Relations officer. It was a dream job in many ways. When an opportunity to go to Israel for an 11-month agricultural internship opened up, I grabbed it like the…
- The Public Service Commission (PSC) on Tuesday, August 13 advertised internship opportunities for interested and qualified Kenyans who upon being successful will be posted to various Ministries, Departments and Agencies. Interested candidates to apply on the sites provided.
- The Kenya National Highways Authority (KeNHA) has announced its plan to introduce tolls on six major highways, including the heavily trafficked Thika Road. This move is part of a broader strategy to fund road development and maintenance through public-private partnerships (PPPs).
- The government is set to bring back some clauses that were contained in the Finance Bill of 2024 which was last month withdrawn via an order from President William Ruto. Treasury CS John Mbadi announced that the introduction of some of the laws would be helpful in helping the government address its…
- Kenyans will now pay more for electricity after an announcement by the Energy and Petroleum and Regulatory Authority (EPRA) that saw an increase in the fuel cost charge and the forex fluctuation charge. In other news, KRA has been urged to clarify new tax payments after the nullification of the…
- They say love is blind and every time I remember what my money went through in the name of love I can’t help but cringe. Learn from my experience of moving in with my boyfriend as I share insights on the importance of financial independence, open communication, and self-respect in relationships.
- Police officers dealt with small groups of protestors who tried to march through several important city streets by mid-morning. Police set up barricades on all main roads, limiting access to Nairobi's downtown area and ejected traders and public transportation vehicles that had earlier entered the…
- Lang’at skipped the swearing in ceremony held at State House and presided over by Head of Public Service Felix Koskei and witnessed by President Ruto. As the State House swearing in ceremony was going on, anti-government protests, dubbed #NaneNane, were kicking off in Nairobi CBD and other parts of…
- The Central Bank of Kenya (CBK) has announced significant changes to the country's banknotes, marking the first major update since the new currency was introduced in 2019. The changes will begin with the release of the Ksh.1,000 note, with other denominations to follow in the coming months.
- The State Department for Social Protection and Senior Citizen Affairs has announced that it is recruiting 1,495 Kenyans who will serve as enumerators and enumerator supervisors offering up to Ksh2,300 daily. Application is online up to August 26, 2024.
- A recent Auditor General's report questioned the financial viability of Kenya's affordable housing program, revealing over 10,000 unoccupied homes. Despite this, State House clarified that these houses were built before President Ruto's tenure, defending the program's role in job creation and…
- When my brother missed a hostel slot in Nairobi, it led to a good investment decision. Discover how I turned this challenge to an opportunity by investing in Kenya's premier I-REITs as I discovered that ASA I-REITs operated the biggest brands in student accommodation, securing my financial future…
- Discover the advantages of precast construction—a method that designs and produces building components in a factory before on-site assembly. This approach accelerates construction, enhances quality, and reduces costs. Learn how precast technology offers versatility, sustainability, and cost-…
- Reflect on your 2024 financial resolutions and get back on track with our comprehensive guide. Learn how to revise your budget, review financial goals, assess your current situation, boost income, automate savings, and stay accountable to achieve your financial targets this year.
- Court of Appeal declares Finance Act 2023 unconstitutional, null, and void, reverting tax laws to Finance Act 2022 provisions. Key impacts include changes to VAT, income tax rates, and withholding tax deadlines. The decision leaves the government facing a substantial budget deficit of Kes 510…
- Understand the key traffic laws and penalties for major offences on Kenyan roads, including overspeeding, driving under the influence, and reckless driving. Learn your rights and responsibilities as a driver to ensure safety and compliance with the Traffic Act.
- Nominee for Cabinet Secretary in the Ministry of Interior was the first one to give the National Assembly’s Committee on Appointments a breakdown of his wealth. He placed his net worth at Ksh694 million.
- Audit report on the Kenya Revenue Authority (KRA) for alleged recruitment irregularities. The report reveals issues with KRA's e-procurement system, including recruitment of candidates with grades below the required D+, duplicate records, and incomplete data submissions.
