📰 Money Weekly

Our weekly financial news recap sendout

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How Finance Bill 2024 Will Eat Into Your Pocket

How Finance Bill 2024 Will Eat Into Your Pocket

The bill is heavy on indirect taxes - VAT & Excise Duty - which will likely increase commodity prices and take more from your pocket.

Eric Ndubi
Stephen Kimani
Eric Ndubi, +1
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No Degree, No Agro Shop Business

No Degree, No Agro Shop Business

A bill before parliament proposes drastic changes in how players in the agriculture sector operate including who can sell farm inputs. Plus, the impact of high interest rates, NEMA's ban on plastic garbage bags and Treasury must raise Ksh1.5 trillion in 3 months!

Stephen Kimani
Stephen Kimani
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Govt Employees Earn 40% in Allowances

Govt Employees Earn 40% in Allowances

SRC data show that for every Ksh1,000 that a public servant earned, Ksh400 was in the form of allowances. These allowances are classified into remunerative and facilitative categories.

Stephen Kimani
Stephen Kimani
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Coast Not Clear Yet for Housing Levy

Coast Not Clear Yet for Housing Levy

Senator Okiya Omtatah and counterparts are back in court to stop levy collection on new grounds, stamp duty rises 100% in 83 municipalities, Govt to start tracking gas cylinders and money tips for the week.

Stephen Kimani
Stephen Kimani
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What Next After eTIMS Deadline?

What Next After eTIMS Deadline?

Business disruption, reverse invoicing, loss of tax-deductible expenses and hefty fines to follow. Plus the shilling gains, inflation drops, but commodity prices stay high.

Stephen Kimani
Stephen Kimani
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How Kenyan Banks Performed in 2023: Highlights

How Kenyan Banks Performed in 2023: Highlights

Plus four banks gave dividends, the NSE becomes the world's best-performing stock market in 2024, parastatals ordered to slash costs and money tips for the weekend.

Stephen Kimani
Stephen Kimani
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Issues With KRA's New Tax Order: eTIMS

Issues With KRA's New Tax Order: eTIMS

Plus Ruto's affordable housing project faces new hurdle, despair for Kenyan graduates seeking jobs, content creators to earn from Meta and personal finance tips for the week.

Stephen Kimani
Stephen Kimani
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Property Taxes to Rise 500%

Property Taxes to Rise 500%

Plus Senate passes Affordable Housing Bill with hefty penalty, liquor crackdown hits manufacturers hard, Shilling hits 8-month high against USD and money tips for the week.

Stephen Kimani
Stephen Kimani
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Battles in Kenya's Housing Levy Saga

Battles in Kenya's Housing Levy Saga

Plus KRA makes U-turn on exempting small businesses and farmers from eTIMS, license revocations and far-reaching changes in the sale of alcohol and money tips for the week.

Stephen Kimani
Stephen Kimani
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More Taxes Coming in 2024

More Taxes Coming in 2024

Plus SHIF payslip deductions postponed, Kenya's grey-listing as a "dirty cash" haven and a list of Saccos that have announced double digit dividends so far.

Stephen Kimani
Stephen Kimani
📰 Money Weekly📰 Money Weekly
End of Kenya Power Monopoly

End of Kenya Power Monopoly

Plus inside President Ruto's Ksh4.2 trillion budget for 2024/25, interest rates on bank loans cross 26%, MPs add "hustlers" to affordable housing deductions and money tips for the week.

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How the Kenya Shilling Gained Against the US Dollar

How the Kenya Shilling Gained Against the US Dollar

Plus Kenya pays dearly to avoid Eurobond default in new issuance, SHIF deductions to start next month, price of locally used cars surge and your weekly dose of personal finance tips.