📰 Money Weekly

Our weekly financial news recap sendout

Apr 26, 2024

No Degree, No Agro Shop Business

A bill before parliament proposes drastic changes in how players in the agriculture sector operate including who can sell farm inputs. Plus, the impact of high interest rates, NEMA's ban on plastic garbage bags and Treasury must raise Ksh1.5 trillion in 3 months!

Sheila Andoi, +2

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Apr 20, 2024

Govt Employees Earn 40% in Allowances

SRC data show that for every Ksh1,000 that a public servant earned, Ksh400 was in the form of allowances. These allowances are classified into remunerative and facilitative categories.

Sheila Andoi, +2

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Apr 12, 2024

Coast Not Clear Yet for Housing Levy

Senator Okiya Omtatah and counterparts are back in court to stop levy collection on new grounds, stamp duty rises 100% in 83 municipalities, Govt to start tracking gas cylinders and money tips for the week.

Sheila Andoi, +2

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Apr 05, 2024

What Next After eTIMS Deadline?

Business disruption, reverse invoicing, loss of tax-deductible expenses and hefty fines to follow. Plus the shilling gains, inflation drops, but commodity prices stay high.

Eric Ndubi, +1

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Mar 29, 2024

How Kenyan Banks Performed in 2023: Highlights

Plus four banks gave dividends, the NSE becomes the world's best-performing stock market in 2024, parastatals ordered to slash costs and money tips for the weekend.

Eric Ndubi, +1

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Mar 22, 2024

Issues With KRA's New Tax Order: eTIMS

Plus Ruto's affordable housing project faces new hurdle, despair for Kenyan graduates seeking jobs, content creators to earn from Meta and personal finance tips for the week.

Sheila Andoi, +2

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Mar 15, 2024

Property Taxes to Rise 500%

Plus Senate passes Affordable Housing Bill with hefty penalty, liquor crackdown hits manufacturers hard, Shilling hits 8-month high against USD and money tips for the week.

Sheila Andoi, +2

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Mar 08, 2024

Battles in Kenya's Housing Levy Saga

Plus KRA makes U-turn on exempting small businesses and farmers from eTIMS, license revocations and far-reaching changes in the sale of alcohol and money tips for the week.

Sheila Andoi, +2

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Mar 01, 2024

More Taxes Coming in 2024

Plus SHIF payslip deductions postponed, Kenya's grey-listing as a "dirty cash" haven and a list of Saccos that have announced double digit dividends so far.

Sheila Andoi, +2

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Feb 23, 2024

End of Kenya Power Monopoly

Plus inside President Ruto's Ksh4.2 trillion budget for 2024/25, interest rates on bank loans cross 26%, MPs add "hustlers" to affordable housing deductions and money tips for the week.

Sheila Andoi, +1

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Feb 16, 2024

How the Kenya Shilling Gained Against the US Dollar

Plus Kenya pays dearly to avoid Eurobond default in new issuance, SHIF deductions to start next month, price of locally used cars surge and your weekly dose of personal finance tips.

Sheila Andoi, +1

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Feb 10, 2024

Govt’s “Unstoppable” Migration to eCitizen Halted

Plus debate over the "convenience fee" on the portal, President Ruto's defence, CBK hikes the benchmark rate once again and a new report shows salaries in Kenya have been not grown much since 2020.

Sheila Andoi, +1