Tuesday, May 14, 2024

SAVINGS & INVESTMENT

Banks charging borrowers as high as 26 percent interest rates on loans

Some commercial banks in Kenya have hiked their interest rates on loans to as high as over 26 per cent. The hike in interest...

How I learned focusing too much on saving money isn’t always right

Elvin Khama has served as the Investments Operations Officer at Orient Asset Managers. I was a seasonal equities trader before joining Orient Asset Managers. I got into...

State to sell shares in prime hotels, lodges

The Cabinet has approved the sale of shares in at least Seven state-owned hotels and lodges. The move follows Wednesday's Cabinet meeting that was chaired...

Massive remittance drop signals alert for Tanzania’s economy

Sub-Saharan African diaspora remittances have surpassed and almost doubled the Foreign Direct Investment. Remittance flows to sub-Saharan Africa were recorded as USD 48 billion...

Stephen Mbugua: What I have learned about money from saving in Saccos

Stephen Mbugua served as the Safaricom Investments Co-operative Finance Manager (SIC). SIC is an investment co-operative that pursues joint investments for its members, through real...

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