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Archive
IMF Questions Shilling Stability, Treasury Explains Ksh1.1B Extra Fine Paid to French Company
IMF questions the stability of the shilling after the exchange rate maintains at Ksh129 for almost a year. Treasury explains why it paid French firms Ksh7.3 billion instead of Ksh6.2 billion for canceling Nairobi-Mau Summit Highway deal. SHA announces 212 permanent and pensionable jobs. All this and more in today’s Money Weekly newsletter. But first, a closer look at IMF’s concerns over the shilling’s stability
The Payday High: What Makes You Feel Rich & Why It Is Dangerous
The moment your salary notification, whether an M-Pesa message or bank alert, arrives, a chemical rush floods your system. This is the Payday High, a fleeting but potent feeling of euphoria, control, and perceived wealth. For a brief 24 to 48 hours, you feel rich, powerful, and capable of saying "yes" to every want.
Toll Fees for Dualled Nairobi-Nakuru Highway Revealed, Kenya to Pay Adani for Cancelled Deal
Kenyans to pay Ksh8 per kilometer for tolled Nairobi-Nakuru highway. Govt begins talks with Adani for compensation talks after cancellation of Ksh96 billion power transmission line deal. EACC announces 93 job vacancies for degree and diploma holders. All this and more in today’s Money Weekly newsletter. But first, a closer look at the toll fees for the dual Nairobi-Nakuru highway.
Why You Keep Dipping Into Your Savings and How to Stop
You’ve probably been here before. You set a goal to save diligently for that car, emergency fund, or a plot of land, and for the first few months, things go well. Then, one small “temporary” withdrawal turns into two, and before you know it, your savings account looks like a regular spending account.
Ksh784 Trillion State House Blunder, 188 SACCOs Breach Loan Rule
State House mistakenly uploads Ksh784 trillion procurement plan in new system designed to deal with tender fraud. 188 SACCOs flagged for bad loans. Airlines to compensate passengers for canceled flights. All this and more in today’s Money Weekly newsletter. But first, a closer look at the State House procurement blunder.
How to Prepare for Increased Expenses at Home During School Break
The school break may be a time for rest, but for parents, it’s also a time of increased household spending. The key is to prepare early, adjust your budget, and avoid that mid-holiday panic when everything seems to cost more than expected.
Why You're Always Broke by Week Two of Pay Day & How to Break the Cycle
It’s week two after payday. Your salary hit your account just the other day, but somehow, you’re already calculating how to stretch the remaining few shillings to the end of the month. You’re not alone. On many occasions, some salaried Kenyans often run out of money before mid-month despite earning decent incomes. So why does this happen, month after month?
65,000 Kenyans Facing Layoffs, CBK to Slash Mobile Money Charges
65,000 Kenyans are at risk of losing their jobs after the African Growth and Opportunity Act (AGOA) ends. CBK proposes to cap fees charged by mobile money providers. KWS increases entry fees for all its national parks and reserves. All this and more in today’s Money Weekly newsletter. But first, a closer look at the expected effects of the lapsed AGOA deal.
5 Quick Money Moves to Make the Day You’re Paid
The first 24 hours after payday are the most critical for your financial health. By making a few quick, automated moves, you can secure your future before the temptations of the month kick in. This is how you take control before the money starts controlling you.
2,260 Companies Shut Down, Proposal to Zone Land for Building Homes
2,260 companies close shop after the introduction of new tax measures. MP proposes adoption of a policy to block Kenyans from building homes on agricultural land. Tea company announces plans to lay off 2,000 employees. All this and more in today’s Money Weekly newsletter. But first, a closer look at the increased closure of companies in Kenya.
How to Rebuild Your Budget After Back-to-School Expenses
For many Kenyan families, September means school fees, uniforms, books, transport costs, and boarding requirements. By the time kids are settled, wallets are stretched, and budgets feel broken. But just because your finances took a hit doesn't mean you can't get back on track.
Audit Uncovers 50,000 Ghost Students, Police and KDF Announce Mass Recruitments
Government's audit uncovers 50,000 ghost students in secondary schools. Kenya Defence Forces (KDF) and the National Police Service Commission (NPSC) announce mass recruitment of officers. Report reveals the average sitting allowance MCAs earn in each county. All this and more in today’s Money Weekly newsletter. But first, a closer look at the audit of ghost students in schools.