- Money254 Money Weekly
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Archive
Less is More: Surviving the 59 Days of Njaanuary 🥵
For many, January feels like the longest month of the year, but it doesn’t have to be the hardest. This week’s Wallet Wellness brings you 5 actionable tips to make it through Njaanuary with less stress and more financial clarity. Let’s make ‘less is more’ your winning mantra this month!
Counties Barred From Issuing Bursaries as MPs Push for a Salary Increase
This week, we highlight key developments: county bursary restrictions, sugar price hikes, and crypto adoption amid dollar shortages. Plus, updates on T-bill rates, bond auctions, and government refurbishments spark fiscal debates.
Return on Top Passive Income Investments Soars Past 20%
In this week’s highlights we have: high returns on an infrastructure bond, Mansa-X’s impressive performance, and new taxes raising the cost of essentials. Plus, insurance withdrawals hit Ksh13 billion, satellite internet providers face high fees, and retirement savings just got a boost!
5 Simple Steps to Set Yourself Up for Financial Success in 2025 💪 ✨
Ready to take charge of your finances in 2025? 🌟💼 Discover 5 simple, actionable steps to reflect, strategize, and build the financial future you deserve—because a clear plan today means confidence tomorrow. Let’s get started!
KRA's Christmas Gift for Kenyan Workers as State Rolls Out Special Mortgage for Village Homes
KRA has announced that Housing Levy and SHIF contributions will no longer be subject to PAYE tax, starting December 2024. This adjustment, under the Finance Act 2023, offers a timely income boost for workers, especially those with higher earnings. Simultaneously, the government is launching affordable mortgages for rural homes, enabling workers in village areas to access loans of up to Ksh10 million at favorable interest rates.
Six Things To Be Grateful For In 2024 🙏 😇
Gratitude is the secret ingredient to finding joy in progress. As we close out 2024, let’s pause, reflect, and celebrate the lessons, wins, and resilience that carried us through. Join us in counting our blessings as we set the stage for an even brighter 2025.
23 Insurance Companies Risk Closure as Govt Warns Loss-Making Saccos
The Insurance Regulatory Authority has revealed that 23 Kenyan insurance companies ended 2023 with a Ksh32.2 billion capital shortfall, raising fears of potential closures due to non-compliance with minimum capital requirements. At the same time, the government has issued a stern warning to loss-making Saccos against using borrowed funds to pay dividends.
