Latest finance stories from across Kenya.
Emily, a mom like many others, was juggling everything – school runs, managing the family business, and trying to keep all the balls in the air. Then, the unthinkable happened. Her husband passed away suddenly after a car accident, leaving…
A financial crisis can strike anyone at any time, often due to unforeseen circumstances such as job loss, unexpected medical expenses, poor financial planning, or even a global economic downturn. In times of financial hardship, stress…
The Kenyan money market fund continues to improve and offer its investors handsome returns in a rather tight financial environment. Since last year, MMF rates have been on a consistent upward trend. The growth in MMF has largely been…
Njaanuary, a corrupted word for January to signal the hunger associated with it, has become a tradition to be annually observed in Kenya. This month represents the financial constraints that millions of Kenyans face as the years begins,…
NCBA signed a Memorandum of Understanding (MoU) with Xpress Money, a cross-border international payment solutions platform, to offer efficient remittance services to its diaspora customers. The strategic partnership will provide NCBA…
I&M Group achieved strong operating revenues across all markets, with regional businesses contributing 28% of the Group’s Profit before Tax. This growth was fuelled by substantial gains in operating income, driven by a 49% increase in the…
Money plays a significant role in relationships and is often a key factor in building or breaking trust. For couples, deciding how to manage finances can influence their long-term financial health and emotional well-being. A popular option…
Money personalities are the unique attitudes, behaviours, and emotional responses individuals have toward money. These personalities are shaped by upbringing, experiences, and beliefs, influencing how people approach spending, saving,…
Family Bank has emerged winner of the Access to Funding Award at the 2024 edition of the inaugural Banking on Women Awards for its Queen Banking product offering. The award recognized Family Bank’s commitment to empowering women…
As I&M Bank continues to celebrate its 50th year anniversary, the Bank has unveiled its ‘Buy Now, Pay Later’ proposition to existing customers that leverages. AI to extend unsecured personal loan financing. ‘Buy Now Pay Later’ is a…
Getting the opportunity to grow generational wealth is a great responsibility. However, it’s also a difficult task for most black families. This is because of multiple factors including the volatile state of the economy, increasing cost of…
Debt personalities describe how individuals think, feel, and behave when it comes to borrowing and managing debt. These personalities are shaped by a variety of internal and external factors—ranging from upbringing, culture, and financial…
Debt management is crucial for financial well-being, and while individuals may have different debt personalities, the fundamentals of debt repayment remain consistent. The key is adapting these strategies to align with your debt…
Debt is a common financial challenge faced by millions around the world, but how individuals approach debt varies significantly based on their mindset, emotions, and behaviours. These variations can be categorized into “debt…
MANSA, a leading decentralised finance (DeFi) platform specialising in cross-border payments and trade financing, has partnered with blockchain payment platform Bitmama to improve cross-border payment accessibility across Africa. Payment…
Absa Bank Kenya is enhancing its Corporate and Investment Banking offering in the market, aiming to provide more personalized solutions, strategic insights, and proactive support to its clients. The Bank has launched a new Corporate and…
Even with a budget, you can still find yourself in a crunch. Overspending can happen to anyone and it’s important to know how to recover so that you don’t find yourself in crippling debt. Even after overspending, it’s still important to…
Absa Bank Kenya PLC has announced plans to expand its reach with over 17,000 agency service outlets across the country in two years. The first phase of this rollout will see the Bank immediately increase its agency network from the current…
Binance, the global blockchain ecosystem behind the world’s largest cryptocurrency exchange, today announced it has reached one million subscribers on its official YouTube channel becoming the first crypto brand to reach this milestone.…
Mansa, the pioneering fintech providing liquidity to multinational exports and cross-border payments for companies in emerging markets, announced its first pool on Base today. This marks a significant milestone in Mansa’s mission to…
Accidents are inevitable and are part of our day-to-day lives from childhood to the golden ages. While children are the most prone to accidents because of their lack of sense of danger, adults also often find themselves in serious…
Car insurance is not just an optional cost for any responsible driver; it is essential. Sharing the road can pose risks that cannot be ignored, with accidents unfortunately happening far too frequently. Globally, the percentage of deaths…
For most of us, choosing a mortgage will be one of our life’s most important financial choices. It is a long-term commitment that will directly affect your overall financial security and your future. According to statistics, Americans owe…
A sudden event that threatens your financial security will be scary. Whether you’re faced with job loss, medical emergencies, legal issues, or even the pandemic, having to spend large amounts of money can jeopardize your future. Because of…
