Money254 Money Weekly
Posts
Money Weekly: MPs Slam Brakes on Ruto's Education Reforms

Money Weekly: MPs Slam Brakes on Ruto's Education Reforms

Top Money News From Across Kenya

Eric Ndubi
September 29, 2023

Welcome to our 6th Money Weekly Roundup of 2023. Yesterday, Parliament slammed the brakes on the implementation of the far-reaching education reforms introduced by President William Ruto’s administration as banks urge the Central Bank of Kenya to increase the base lending rate to tame the rise in bad loans.

As you strategise on improving your personal finances, we thought to share with you these 10 small money wins you should be celebrating along the way to stay motivated.

Round-Up: MPs Slam Brakes on Ruto’s Education Reforms

In this weekly money round-up: The National Assembly has halted the implementation of far-reaching education reforms, the Shilling is tipped to weaken further, KRA aggressively pursuing tax evaders in a new door to door initiative, Govt begins leasing out idle public land, a record bonus for tea farmers, a deep dive into why banks are asking the CBK to raise the base lending rate and more money news from across Kenya.

Here’s what happened in the news this week:

Kenya Shilling to Slide Further Against Dollar - Money254 Weekly Money Round-up
Banks Reduce Lending as Defaults Hit Ksh586 Billion - Business Daily
Kenya Airways Increases Flights to London to 14 a Week - Capital FM
Sugar Shortage Looms in Kenya as Comesa Runs Out - The Standard
Report: Cybercriminals Went After the Rich in H1 2023 – The Star
”Unavoidable”: Govt Halts Maisha Namba Launch - Citizen Digital

This week’s top finance tips

A selection of our editorial team’s favorite tips and articles, selected just for you.

5 Daily Habits to Make Your Salary Last Longer

It's becoming an increasingly familiar story: payday comes with a sense of relief, only for your salary to vanish into thin air far too swiftly. Read more

When Should You Buy Your First Car?

While it is generally agreeable that today a car is almost a basic need, the best time to make the purchase is very debatable. We delve deeper into this debate. Read more

6 Signs You Are Not Ready to Be Wealthy

It might sound strange to hear that someone may not be ready for wealth. But the truth is many are unable to reach their aspirations for disregarding the building blocks of wealth. Read more

Can I Pay Less for my Car Insurance if I'm Driving Less?

Yes indeed. And there is a new company in Kenya providing exactly this. Discounted insurance for car owners driving less than 10,000 kilometres a year! Read more

That’s a wrap for this week’s Money Weekly! Don’t forget to download the Money254 App on the Google Play Store and remember that we can help you compare over 300 loans, savings accounts, current accounts, and more if you’re thinking about your next product.

Sincerely,

Eric and the Money254 editorial team.