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Why Your Salary Might Feel Bigger Than It Actually Is
When my friend Brian’s salary doubled, he thought life would change overnight. The day he got his big promotion, we all celebrated with beers and nyama choma. But a few months later, when I asked him how life felt with a bigger paycheck, his answer surprised me. “Honestly, I still feel broke,” he said. This is a result of Lifestyle Creep.
Mandatory 4-Year Vehicle Inspection, Affordable Houses Down Payment Slashed, Looming Mass Layoffs
Government reverses use of Housing Levy funds. Affordable houses' down payment slashed in half. Mandatory inspection of vehicles every four years. 127 CEOs predict upcoming layoffs. All these and more in today’s newsletter. But first, we zoom in on the new Traffic (Motor Vehicle Inspection) Rules, 2025, which touch on all motorists.
Saving Every Day Is Hard; 5 Tips to Make It Feel Effortless
At the beginning of January, we launched the Money254 10 Bob Savings Challenge, and by today, participants should have saved Ksh29,310. The goal is to reach Ksh77,560 by year-end. If you've fallen behind on this challenge — or on any other daily saving goals — here are some tips to help you recover and boost your savings by the end of the year.
New Payroll System for Civil Servants, Govt's 110K Jobs, SACCOs Face Mass Deregistration
How to apply for the newly opened 110,000 jobs. Winners and losers in the 2025/26 budget. CS threatens to deregister SACCOs en masse. Kenya's biggest MMFs. All these and more in today’s newsletter. But first, a deeper look into the 2025/26 budget, Treasury CS Jon Mbadi presented yesterday.
Equity Bank to Fire 1,200, World Bank Pushes Kenya to Change PAYE Tax & Pause Employment
Equity Bank issues dismissal notices to 1,200 employees. NTSA issues warning to PSVs. NSSF proposes to build the Rironi-Mau Summit Highway. All these and more in today’s newsletter. But first, a deeper look into the World Bank’s recommendations to the Kenyan government, including a hiring freeze and proposed changes to PAYE.
Govt Pauses Hirings & Contract Renewals, New Fees and Fines for Nairobi Bodas & Taxis
Hundreds of jobs for civil servants at risk as government halts recruitment and contract negotiations. Fines of up to Ksh30,000 and new fees to hit Nairobi Boda Boda and Taxis. KNEC scraps 70 courses in TVETs. All these and more in today's newsletter but first, a moratorium on hiring for state jobs.
Feeling Bad After Spending Your Own Money? 6 Simple Rules to Avoid Money Guilt
The month has hit a critical juncture where salaried individuals have become cognisant of their daily budgets. A time when you buy something, feel a quick thrill... then the guilt creeps in. “Did I really need that?” “Could that money have gone somewhere smarter?” And suddenly, what felt like a moment of joy becomes a quiet shame spiral.
CS Mbadi Explains Dropping MMF Returns, Trump's 5% Tax on Kenyans, Making First Million at 25
"The interest rates have been going down, especially the rate at which the government has been borrowing...The money market is not as lucrative as it used to be. I know some of you in the money market are wondering, 'What has Mbadi done?'" CS John Mbadi posed.
7,200 Kenyans Are Worth Above Ksh128 Million; 5 Things They Are Doing Differently
Kenya is now home to 7,200 high-net-worth individuals (HNWI) — these are dollar millionaires worth at least Ksh128 million each. And while most of us are out here chasing paychecks, juggling side hustles, and braving rising costs, these financial elites have cracked the code on building, protecting, and growing their wealth.
Highest Paying Jobs, KNBS Report on Income Opportunities, Increased Power Prices
KNBS Economic Survey 2025 report dissected. Highest paying jobs by median monthly salaries, KPLC tussle that could increase power price by 30%. Building a Ksh5 million Gikomba business from a Ksh95,000 investment. More money news in this edition of Money Weekly Newsletter, but first, a look at the KNBS report.