Latest investment stories from across Kenya.
Timiza is a wallet solution that offers easy banking and instant loans. The mobile-only platform also allows customers to accomplish their savings goals through the Timiza Goal Savings Account. One of the benefits of saving through the…
Everyday, more and more Kenyans lose their jobs as the economy continues to take a beating. One of these jobless Kenyans could very well be your spouse. In a family setting, things can get very thick very quickly if a spouse loses their…
Loans are commonly vilified. In fact, no one will shake your hand for being in debt. Consequently, there are people who fear taking loans, others who take loans and end up paying through the nose, and yet others who take loans and end up…
What is the secret formula to success and wealth? Every successful person has their own success method. So what is this method? It is a combination of things working seemelessly together towards one goal: wealth. Here, let’s explore how…
How often do you think about your life after retirement? Will your today’s plan lead you to a comfortable life after retirement? Well, these are some of the questions that always pass through the mind of every individual wishing for a…
Mobile money platform, Timiza, is undoubtedly one of the best solutions for anyone looking for urgent cash for personal use or business growth. Launched by Absa Bank Kenya in 2018, Timiza allows both Absa and non-Absa members to access…
To become rich, you must create wealth. And in wealth creation, many of us have heard time and time again that “Money does not grow on trees”. It is meant to convey that we couldn’t expect to get money overnight or without working for it.…
Money Market Funds (MMFs) have become popular in the country to invest, save, or use as emergency funds. An MMF is a type of Unit Trust where people pool their money together. The investor gives their money to a fund manager who then uses…
What is your relationship with money? How much do you love your money? In the African tradition, it is almost taboo to show too much love and fondness for money. Love and fondness for money are oftentimes mistaken for glutton, obsession…
I recently had an interesting chat with a friend, who threw out a question that seemed simple but turned out to be tough to answer. She asked, ‘What if you finally get that lump sum of money you’ve been chasing all these years, will it…
Sky Foods Limited, the manufacturer of TreeTop juice, has been declared insolvent seven years after it was acquired by businessman Bernard Njoroge. A notice dated September 30, announced that the official receiver of the company was…
The Question: My name is Gilbert. My wife and I have new jobs as primary teachers upcountry. We both earn a net salary of Sh. 28,000 each. We have two kids. One is in nursery PP1 and the other one is a toddler at home. These are our first…
Investing your money is the most reliable way to build your wealth over time. And while there is no universal way to make your money work for you, there is no better strategy than to diversify your portfolio. What matters is your desire…
The Question: My name is James and I am 25 years old. I am not yet employed but I am able to generate between Sh. 20,000 and Sh. 45,000 income monthly from online jobs. By the end of the month, though, I am left with Sh. 1,000 or less.…
Why is it so hard to “save” for an Emergency Fund! Emergency Funds are funds that you are supposed to set aside with the intent that this fund will solely be touched if and when an occurrence that is not anticipated or that is an emergency…
Bamburi shares hit a high of Sh. 70 per share a day after Kenya’s Savannah Clinker Limited offered to acquire the entire Bamburi Cement company for Sh. 25.41 billion. At the end of trading on Thursday August 29, 2024, the Bamburi shares…
I am 45. I am working in Nairobi. I am married, with 4 kids, 2 in high school. I am newly employed and I haven’t earned my first salary yet. I have worked and lived in Nairobi for a decade but saved nothing, though I’ve built a house, paid…
I live in Naivasha. I am 28 years old with a net salary of about Sh. 36,000. I am newly married on a come-we-stay customary basis and I am contemplating relocating to a more spacious one bedroom self contained with a kitchen at Sh. 12,000…
You have a Money Market Fund Account…Is it working for you? The answer lies to the reason of why you opened it in the first place, if you even had one. ➡️Is it a fund for your emergencies? ➡️Is it a fund to protect your capital? ➡️Is it a…
On July 23rd, 2024, Faulu Microfinance Bank launched its highly anticipated Money Market Fund in partnership with Old Mutual Investment Group (OMIG) Faulu MMF was launched a month after receiving a capital injection of Sh. 900 million from…
The Kenya Police Sacco was established in 1972 as a deposit-taking institution (DT Sacco), starting with 690 members. It has since grown to include tens of thousands of members. As the name suggests, is the Kenya Police Sacco membership…
Kenyan Savings and Credit Cooperatives (SACCOs) serve as financial communities for their members. They offer secure savings and loan services, with the best SACCOs known for their reliability, competitive interest rates, and excellent…
