In September 2020, Retirement Benefits (Mortgage Loans) (Amendment) Regulations 2020 was gazetted. This new law paved the way for members of retirement benefits schemes would soon start purchasing residential houses using part of their pension savings. To know more...
Best Investments Kenya: One of the widely quoted investment advice came from Warren Buffett, the world renowned billionaire investor from US. He said that to make money, an investor should invest when everyone is afraid to buy and sell...
Former Lancet chief executive officer and co-founder Ahmed Kalebi has demanded for a Sh. 3.6 billion compensation from the laboratory services business. This follows a fallout with his French and South African partners that saw him exit the business...
Equity ATM Cards: If you own an ATM card with Equity Bank, a maintenance fee shall be deducted from you account every year. This is in addition to the one-time application fee that now stands at around Sh. 700.
Customers...
Early this year, KCB Bank Kenya announced that it was setting up a Sh. 800 million fund to finance revival of small businesses and cooperatives in Nakuru County.
The kitty set up in partnership with the Nakuru County government is...
Investment bank Renaissance Capital has given a 'Buy' recommendation for Co-op Bank shares, and projected that the bank will be posting improved financials in the 2022 year. This follows strong business foundations and strategic investments the bank has been...
The worth of unclaimed assets in Kenya has hit Sh. 55 billion as owners keep off. This is according to the latest data from the Unclaimed Financial Assets Authority (UFAA). The authority is currently sitting on billions in idle...
How to become a millionaire: Here are the 10 steps that will guarantee you will become a millionaire by 30.
1. Follow the money.
In today’s economic environment you cannot save your way to millionaire status. The first step is to...
Kenya Railways Financial Results: Kenya Railways has reported an annual loss of Sh. 24 billion. This is according to data from the Consolidated National Government Investment Report covering the 2020/21 financial year.
The data on the loss was part of...
Keroche Breweries is grasping on straws as its financial crisis deepens. The local brewer has salary arrears running into over two months and has also defaulted on a tax repayment plan with the Kenya Revenue Authority.
According to a report...
