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Archive
Special Edition: New Funding Model for Private Schools as Public Fees Hike
Innovative funding for private schools. Grade 10 implementation in limbo over shortage of teachers. Auditor General reveals public schools overcharging parents. KNEC warns schools and parents of fraudsters promising to alter exam results. All this and more in today’s Money Weekly newsletter. But first, a look at the innovative funding of private schools.
5 Mistakes Kenyans Make With December Salaries and Bonuses
December is often the most financially challenging month because the last paycheck of the year (which sometimes includes bonuses or accumulated leave allowances) has to stretch across holiday spending, travel, gifts, and, most critically, the inevitable financial crunch of January, which usually involves rent and school fees.
Ksh1.2 Trillion SACCO Savings at Risk, BRT in Limbo as Trump Withdraws Funding
Govt targets 25,000 SACCOs for closure over non-compliance. Trump cancels Ksh7 billion deal that was to fund the BRT project in Nairobi. Government makes last-minute changes to Nairobi-Mau Summit road deal.TSC and KPA announce job vacancies. All these stories are in today’s Money Weekly Newsletter, but first, the planned closure of SACCOs.
Does a Savings Challenge Work? Here are 5 Things to Consider
An effective savings challenge should improve your financial position long after it ends — not just restrict you for a month and leave you financially stressed afterwards. Here are five things to check to audit whether your savings challenge is actually helping you.
Govt's Warning to Car Importers Ahead of December 31st Deadline
Government warns importers that any cars manufactured in 2018 will not be allowed into the country if they get to the port of Mombasa after December 31st. Good news for digital taxi drivers who are set to earn more under new pricing rates. An electric vehicle assembly plant is set to be built in Mombasa. All this and more in today’s Money Weekly newsletter. But first, a closer look at KEB's directive to importers.
5 Signs You Are About to Fall Off Your Savings Challenge and How to Stop It
Sticking to a savings challenge, whether it’s No-Spend November, a 52-week challenge, or a personal monthly goal, always starts with excitement. But a few weeks in, life happens: unplanned expenses, social pressure, emotional spending, and “I’ll replace it next month” thinking.
Age Limit for All Imported Electronics, Ksh683B Gold Discovered in Kakamega
The government to introduce a 12-year age limit on all imported electronics. A UK firm discovers Ksh683 billion gold in Kakamega. KRA to require all PIN holders to keep ETR receipts when filing returns. Skills gaps in Treasury and Parliament behind the public debt spiral. All these stories are in today’s Money Weekly Newsletter, but first, the age limit on imported electronics.
How to Deal With Social Pressures & Stick to Your Savings Challenge
Social pressure is one of the biggest reasons people abandon their financial goals, especially in Kenya, where community and togetherness often come with spending expectations. Here’s how to stay strong and hit your goals.
Schools Face Mass Closure
6,000 schools face closure and merger over low student enrolment. Govt clarifies Ksh53,000 standard school fees set for Senior Secondary Schools. Universities announce learning resumption dates after lecturers' strike ends. All this and more in today’s Money Weekly newsletter. But first, a closer look at looming mass closure of schools.
No-Spend November: How to Plan for a Zero-Spend Month Without Feeling Deprived
A successful No-Spend November is not about cutting joy; it's a powerful, temporary reset designed to help you break bad financial habits, identify where your money is secretly vanishing (your "junk expenses"), and significantly boost your savings before the December holiday season demands your cash.
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.