Money Weekly: Kenya on Brink of Sweeping Tax Changes

This week's top money news from across Kenya.

Author

Eric Ndubi
September 15, 2023

Welcome to our 5th Money Weekly Roundup of 2023. Midnight today, fuel prices crossed the Ksh200 mark for the first time in Kenya's history as the Govt proposes new tax measures that include the removal of the Ksh2,400 personal relief. As the cost of living rises, we have some tips to help you make the most of the money you have.

If you subscribed a while ago, Money254.co.ke helps Kenyans compare and apply for loans and other financial products online from Kenya's top lenders. Find out more or make sure you've got the right loan based on your unique circumstances here.

Top News from our Weekly Money Roundup: Sweeping Tax Changes Ahead

In this weekly money round-up, we deep dive into the new far-reaching proposed tax changes as well as a proposal to grant KRA unlimited access to your real time mobile money transactions.

This week’s top finance tips

A selection of our editorial team’s favorite tips and articles, selected just for you.

High Salary, Low Net Worth: Why?

It almost sounds like a true contradiction - how can someone earning what most would consider a good salary have a low, stagnating net worth? Read more

Should You Sell Your Land to Start a Business in Kenya?

When it comes to raising capital to start a business, selling an asset that one already has is a common option. But does it have to be land? Read more

Flipping: 20 Products You Can By and Easily Resell Online in Kenya

As the the need to increase your income becomes more necessary, you may have thought of online hustles to try. Flipping seems to rank high on this list. Read more

How to Pay Down a Ksh100k loan in one year

Reducing debt can give you the financial freedom to use your hard-earned money for what truly matters to you. Rethinking repayment strategies is a start. Read more

That’s a wrap for this week’s Money Weekly! We’d love it if you could give us feedback on our new design using the poll below. Also, don’t forget to download the Money254 App on the google play store and remember that we can help you compare over 300 loans, savings accounts, current accounts, and more if you’re thinking about your next product.

- Eric and the Money254 editorial team.