- 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- The government is set to bring back some clauses that were contained in the Finance Bill of 2024 which was last month withdrawn via an order from President William Ruto.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.
- Here are the essential types of accounts in Kenyan Savings and Credit Cooperatives (SACCOS) that impact your savings and loan access. Learn about the Shareholder Account, Savings Account, and Current Account, their features, advantages, and how to make the most of your Sacco membership
- Considering moving in with your partner? Discover essential financial tips to ensure a smooth transition, from budgeting and income disparity to financial compatibility and trust. Learn how to communicate effectively about money, align financial priorities, and establish a strong financial…
- The Central Bank of Kenya (CBK) has launched two new infrastructure bonds aiming to raise Ksh50 billion for 2024/2025 projects. Sales run from July 25 to August 14, with an auction on August 14. Minimum investment is Ksh50,000, and trading starts on the Nairobi Securities Exchange (NSE) from August…
- Here is my journey from quitting a well-paying job in a remote village to seeking success in Nairobi. Challenges and lessons learned about the realities of city life versus village life, and why sometimes, the grass isn't always greener on the other side. A money confession about finding…
- Discover the driving habits that are increasing your car's fuel consumption and costing you more at the pump. Learn how aggressive driving, speeding, idling, poor vehicle maintenance, and more can impact your fuel efficiency. Get practical tips to save fuel and reduce costs with better driving and…
- President William Ruto's newly nominated Cabinet as of July 2024. The second round of nominations includes a mix of returning members and opposition politicians. Read the full list of nominees, the roles they've been assigned, and the changes in ministry. This follows Cabinet reshuffle and the…
- Learn how successful entrepreneurs separate personal and business finances to avoid financial setbacks. Discover practical tips and strategies, including paying yourself a salary, using separate bank accounts, maintaining an emergency fund, diversifying income streams, and more to ensure financial…
- The government, through Prime Cabinet Secretary Musalia Mudavadi has responded to reports of an alleged sale of the Jomo Kenyatta International Airport (JKIA). Demonstrators, under the hashtag #OccupyJKIA, have sought to pressure President William Ruto to address their demands by storming the…
- Explore the causes, symptoms, and effects of burnout—a psychological disorder rooted in chronic work stress. Learn how to identify who is most at risk and discover strategies to combat burnout, maintain work-life balance, and improve your well-being. Understand when it's time to consider leaving a…
- State House has requested Parliament to re-assign it Ksh597 million for compensating staff from the now-scrapped Office of the First Lady. In total, State House asked Parliament to re-allocate an extra Ksh1.7 billion after the budget cuts that were initially announced by President William Ruto…
- The Teachers Service Commission (TSC) has announced the cancellation of the 9.5% salary increase for teachers scheduled for July 2024, due to a KSh10 billion budget cut following the fall of the Finance Bill 2024. TSC CEO Nancy Macharia stated that these cuts make it impossible to implement the…
- KenGen to Build 42.5MW Solar Power Plant Near Seven Forks Dams. The project, in partnership with the French Development Agency, will enhance renewable energy in Kenya, providing affordable and reliable electricity, and addressing climate change. Completion is expected in two years and four months.
- Dismissed Cabinet Secretaries will receive Ksh2.45 million each following President William Ruto's cabinet dissolution. According to SRC regulations, the gratuity is 31% of their basic salary per year, subject to a 30% tax. Collectively, they will take home Ksh54 million.
- Congratulations on completing your secondary education and getting to this next level. You may not have gotten the coveted grades to get you into a degree course in your dream university but that's not the end of the road at all for you. There are numerous competitive courses you can still pursue…
- Did you get laid off, or did your contract end, and you are starting 2024 unemployed? If you are wondering what you can do to replace your lost income, working from home could be a good option.
- The service industry in Kenya has been growing - particularly fuelled by the growing middle class who have some disposable income. One of the services that have become increasingly popular is laundry - seen particularly in the rise of laundromats and the popularity of mama fuas in middle-class…
- Kenyans may have to spend more money on sugar and its by-products after the the Agriculture and Food Authority (AFA) announced changes that will see a double increase in the cost of importation for traders.
- Maternal healthcare will be more expensive under the new Social Health Insurance Fund (SHIF) as families will have to pay Ksh5,000 more on standard deliveries and Ksh16,700 more on Caesarean Sections (c-section).
- 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.
- Tempus Fugit! 2023 is here with us and like every new year, there is an air of hope about the prospects of the new year. If you are a business owner, you probably have a strategy for how you plan to grow your business beyond its 2022 fortunes.
- WhatsApp has given its users a lot of freedom in how they can communicate on any type of occasion, however, freedom without rules is often a recipe for disaster. This applies to WhatsApp groups and communities as well, they can only work effectively with some basic etiquette. To get the most out of…
- Entrepreneurship is a major element of the Kenyan spirit. Indeed, a drive across the republic reveals a capitalist economy filled with hawkers, jua kali artisans, fish mongers, thriving open-air markets, matatu operators, plot-for-sale signs, factories, commercial tracts of lands, and many pointers…
- KPLC will be required to pay consumers for any losses caused by unscheduled blackouts, if proposed regulations by Energy and Petroleum Regulatory Authority (EPRA) are passed into law. The payment for damage to property will be in the form of tokens equivalent to the financial damage caused by the…
- One of the reasons why Saccos are able to give consistent returns is that they are member-owned. The moment you start investing in a Sacco, you become a shareholder; hence, every Sacco member is entitled to the profits a Sacco makes, hence, these profits are distributed in terms of dividends and…
- "I am an impulse spender, which is why I'm constantly looking up ways to boost my savings, increase my disposable income, earn more, you name it. So when I came across the 50/30/20 budgeting rule, it seemed like as great idea. . ."
- There’s a perennial joke that most ex-military veterans pass away a few years after retirement. Well, it happens. From what I have seen, if military retirees live long enough, it’s a noticeably lacklustre life in contrast with their former flashy lifestyle.
- Kenya Forest Service (KFS) has significantly raised timber movement permit fees. This increase is expected to impact timber product prices. Additionally, 18+ students applying for government scholarships must have a National ID. Posta is leasing office space across 13 branches.
- The Economic Survey 2024 report shows how much Kenyans save in various financial institutions, including commercial banks, micro-finance banks (MFBs), and deposit-taking savings and credit cooperatives (DT-Saccos). Time and savings deposits in DT-Saccos grew by 9.8% to Ksh573.6 billion in 2023.
- In 2018, after years of praying, deferred semesters, and a few exchanges of brown envelopes, a cousin of mine finally landed a job in our distinguished defence forces.His dad was in the army, 2 of his big brothers are in the army, and his small brother just got accepted into the police academy. It…
- Good financial health is when one is able to spend less and save more money regardless of your personal or family circumstances. How would you go about saving your money, then?
- Wakili gets up at 4am, everyday - like clockwork. The rest of his household doesn't stir till an hour later. He likes the early morning silence, chill, and semi-darkness. He heads straight to the kitchen. He checks the earthen fireplace ashes for live embers, and builds a fire. He starts warming…
- I had mixed feelings as I walked toward the gate to my former high school. I've not been here since I did my KCSE paper, almost twenty years back. I was hovering between happy, anxious, and terrified - a little, like a jailbird leaving prison. See, high school then was a different kettle of fish,…
- A car is arguably the second-biggest expenditure after housing but before basics like food, education, and saving for retirement. This means that it's crucial to know and understand if this is the right time to make the purchase or not.
- In-laws, in-laws, in-laws. Gather around. We need to talk. I feel that our association has transcended what made us in-laws in the first place. Did I miss some essential fine print on the Till-Death-Do-Us-Apart Vow?
