22 March 2024
- The Umba's Fixed Deposit Account offers an attractive annual interest rate of up to 16% for savings locked in for at least a year. In contrast, Saccos typically pay different rates, ranging from 12% to 15% per annum, depending on the specific Sacco.…
22 March 2024
- If you are full-time employed and want to improve your financial security, getting a second income stream is a no-brainer. But it can tricky when a side hustle starts taking from your monthly paycheque to support transactions. That is why you need to…
22 March 2024
- It is now possible to run a full side hustle without having to be physically present. It is also quite possible to run some side hustles without leaving your desk or affecting concentration at your main job. All you need is a smartphone and if you do…
22 March 2024
- If you occasionally require a quick cash injection between paychecks, a fairly substantial amount to fulfil orders for your small business quickly, or wondering where you can get some money for emergencies, LendPlus is a digital loan app you may want…
22 March 2024
- One standout feature of the LendPlus digital loan app is the ability to extend your repayment several times by up to the number of days your loan was due. No other digital lender so far reviewed by Money254 seems to offer this useful option of…
22 March 2024
- X-Trail T30 offers a range of capable engines, including efficient petrol and diesel options.
22 March 2024
- I turned 30 on November 20, 2021. It was on a Saturday. And a sobering one for that matter, since after a Friday night out with friends to usher me into the ‘third floor’, my bank balances were not looking too great.As I sipped my home-made hangover…
22 March 2024
- Have you ever thought of how significant the one million number is? Well, if you had one million shillings in one-shilling coins, it would take you eleven and a half days of continuous counting. And that is at a rate of counting one-shilling coin per…
22 March 2024
- A digital savings account is a type of savings account that can be opened, managed and operated from anywhere at any time using mobile devices such as phones and digital devices such as the computer. It has all the features of a traditional savings…
22 March 2024
- Every day of 2022, over 400 digital loans were approved and disbursed to Kenyans across the country via the LendPlus Digital Loan App - a digital loan app that is barely two years old in the Kenyan market. That is just about one loan being approved…
22 March 2024
- For many traditional loan types, “late fees”, are a nightmare that borrowers have to contend with and endure, unfortunately, if one is facing some financial difficulties during the loan tenure and can’t extricate themselves in time before payment is…
22 March 2024
- Late last year Zenka forgave Ksh166m of penalty fees. We sat down to ask them all about it. With digital lenders over the last few years having racked up a bad rap with accusations of lacking customer-centric policies, Zenka’s latest gesture brings…
22 March 2024
- We are living in rather hard economic times. The cost of living is going up, employment is a challenge after the Covid shockwaves, and most businesses are also struggling to make ends meet. Referral programmes can be a life-saver especially because…
22 March 2024
- As the CBK assumes an oversight and supervisory role over the operations of digital lenders in Kenya, we take a look at the seven major regulatory changes including in the pricing of loans, borrower rights and for the first time strict rules for loan…
22 March 2024
- It’s mid-February, Valentine’s Day deals are over, you probably did a little spending on your loved one(s), payday is still far away but you are in fairly urgent need of some cash to last you till then. Should you take a digital loan? If so, how does…
22 March 2024
- Unlike other compilations you might find on the internet, we have taken time to list only referral programmes that actually accept Kenyan participants and have products you can actually refer to Kenyan friends, family or followers. Many are also…
22 March 2024
- Egypt has raised the prices of various fuel products, fulfilling a commitment made over a year ago to the International Monetary Fund (IMF) as part of a $3 billion financial assistance agreement.
22 March 2024
- When it comes to loans, the biggest factor to consider before borrowing is your ability to repay. The ability to extend your loan repayment period has several advantage especially since sometimes things may not always go as planned. We detail the onl…
22 March 2024
- Timiza is a mobile banking solution launched by Absa Bank Kenya in 2018 (then Barclays Bank Kenya). It is an all-in-one app that not only serves as a mobile loan app, but also enables users to save money and earn interest, pay utilities and buy…
22 March 2024
- Housing happens to be one of the biggest decisions everybody will have to make in their lifetime. And it is not an easy one. As you get older and your family grows, it becomes inevitable that you will have to make the choice. So, should you continue…
22 March 2024
- My regular shopping needs have also transformed. Before the card, I would always feel remorseful when I saw a great sale for something I needed, say a TV I had been saving for. The discounted option always appeared when I was broke. But not anymore! I…
22 March 2024
- Earning an extra income has numerous advantages in making your life easier. It is even more advantageous if you are making this money passively - that is with minimal time commitment. This article will explain to you in detail the Zenka Referral…
22 March 2024
- The Absa Digital Savings Account is one of the pioneer digital savings accounts available in Kenya. This unique accounts gives you a bonus for staying on track with your savings and the best part, you never ever have to visit a branch to transact.…
22 March 2024
- Is that digital loan app you are downloading legit? The relief of getting a loan within minutes should not blind you from the potential helplessness of extortion for months by copycat apps. In this article we take you through the warning signs you are…
22 March 2024
- When you are in urgent need of cash and traditional lending options are either unavailable at the moment or you already are servicing debt with your banking partner, considering a digital loan to sort out the problem at hand can be considered a…
22 March 2024
- Owning a house is a significant life milestone for most people, but the high costs can make it seem like an unattainable goal. And given the current increase in rent rates - a fourfold rise in the last 10 years, according to data by realtor…
22 March 2024
- Today, where can you get an unsecured loan of up to Ksh10 million for your business? In this article, we take a deep dive into Avenews, a new agribusiness financing option that is providing loans of up to Ksh10 million. Is this unique loan what your…
22 March 2024
- To many, owning a home is the ultimate embodiment of financial security; your family has a place to call home, not just a house, you no longer have to deal with landlords and importantly, you get to build wealth over time by leveraging your home…
22 March 2024
- "In January 2022, I was promoted after a two-year wait (Covid-related) and my gross salary was bumped to Ksh80,000. It translated to a take home income of Ksh61,000 with some loose change. Coming from a take-home of a few hundred shy of Ksh45,000,…
22 March 2024
- When it comes to digital loans, there are many options available in the market. Choosing a digital loan that aligns with your needs and financial situation is important. This will help you avoid defaulting on your loan, as you can easily manage your…
22 March 2024
- There are practical and effective strategies you can use to stay afloat, depending on your financial situation. The strategies can range from using your savings and finding creative ways to make extra cash to taking out an affordable short-term loan.
22 March 2024
- Remember when you opened your first bank account? Many people confess they didn't give much thought as to which bank or type of account to open, but later when they begin their professional career they realised a current current isn't only for…
22 March 2024
- Credit cards offer you access to what we consider free money, upto 50 days of an interest-free period. They also come with other benefits such as special discounts that the provider negotiates with local and international retailers; cashback rewards;…
22 March 2024
- Credit cards can come through for you this Easter holiday by providing financial flexibility and access to interest-free credit. Imagine shopping and travelling without worrying about cash shortages or enjoying discounts and perks when dining out with…
22 March 2024
- NAIROBI, Kenya, Mar 22 – The private sector, government and international organizations have reiterated that Africa needs to attract more private sector finance in order to bridge its climate finance gap. They made the remarks during a two-day meeting…
22 March 2024
- Insurance is an important tool for protecting your family financially, but it should not be the only one. It's essential to have a diversified financial plan that includes other investments such as liquid assets that can be easily converted into cash…
22 March 2024
- How much of your salary do you save? How do you keep yourself in check? These are important questions in the journey to financial freedom. Saving often feels like an easy thing but for some people, it is painfully elusive. However, the Absa digital…
22 March 2024
- A home insurance cover is a basic investment for any homeowner keen on protecting their wealth and preventing things that are out of their control from derailing their financial growth journey. Not only does it protect the physical structure, but it…
22 March 2024
- LONDON, United Kingdom, Mar 22 – Junior doctors in England will continue their industrial action over a long-running pay dispute for the next six months after an overwhelming vote in favor of more strikes. Doctors’ representative body the British…
22 March 2024
- NAIROBI, Kenya, Mar 22 – Samsung is arguably one of the most popular electronics brands, and its popularity in Kenya has been growing for years. The South Korean company, which sells high-end smartphones and home appliances, among others, was recently…
22 March 2024
- The Competition Authority of Kenya (CAK) has issued a stern warning regarding the rise of impersonators defrauding businesses across the country under false pretences.
22 March 2024
- One of the biggest reasons why logbook loans are popular in Kenya is because of the incredibly fast speeds in which funds can be accessed. Many logbook loan providers in Kenya, given the right circumstances, say they can disburse a loan in less than…
22 March 2024
- If you are already in business, there may be many instances where you may have missed out on a profit-making opportunity because you didn't have the cash needed to facilitate the transaction. Avenews allows you to borrow the working capital and…
22 March 2024
- Everyone finds themselves cash-strapped once in a while. It can happen for multiple reasons, including an unexpected expense that disrupts your budget to a delayed salary that leaves you broke. In such situations, you will likely need some credit.…
22 March 2024
- Digital loans are short-term debt products you can access directly from your phone through an app, website, or USSD. Digital Credit Providers (DCPs) offer loans with an average repayment period of 30 days. Today digital loans are the preferred…
22 March 2024
- Digital loans are easily accessible, but this doesn’t mean you should borrow blindly. Before applying, ensure you have a solid repayment plan to avoid default which can hurt your creditworthiness. Second, ensure that you practice mindful borrowing;…
22 March 2024
- While Saccos have the advantage of opening up your access to credit and dividends on shares and relatively higher interest on savings than savings accounts, I learned the hard way how liquidity is a major factor in taking advantage of quick…
22 March 2024
- Managing your finances can be challenging, especially when facing unexpected expenses. One way to deal with these financial hiccups is to take the financing route, and two popular choices are credit cards and digital loans. While both options can…
22 March 2024
- Taking out a mortgage is a significantly life-changing financial commitment that requires careful consideration and preparation. Preparation allows you to understand the steps involved and mistakes to avoid, increasing your chances of approval.
22 March 2024
- Saving is an act of paying yourself first because it involves safeguarding your future. It is recommended to always set aside a portion of your income as savings as the very first thing you do whenever you get paid.