Money

While having a savings account is certainly smart, it may not be enough to protect you from the true financial shocks that life can bring. That’s why we’re here today to make the case for building an emergency fund

The high taxes have been on the lips of many a Kenyan, wondering how to survive the taxman’s onslaught. Here we explain the simple ways you can minimise the burden. This can be an effective way to increase one’s overall financial well-being. Here are a few suitable considerations you can use to reduce your tax burden.

When it comes to life’s biggest moments, you probably had a plan. Your wedding, for example, followed a timeline, a budget—even if you busted it with that last-minute table for extended family—and involved compromise and conversation. Smart financial planning follows the same logic.

For a fact, there are 35% of Kenyans that loan money to meet their household needs, while 37% loan for business reasons. While there is a lot of interest in these instant loan apps in Kenya, in reality some Kenyans can’t resist the temptation. 

Local bank codes are managed by a central bank, a bank supervisory body or a Bankers Association in a country. Codes are then assigned to all its licensed member banks or financial institutions. The code rules vary between the countries

Money Market Funds (MMFs) are a type of Unit Trust Funds (UTFs) that pool funds from different investors and mainly invest in short-term debt instruments such as Treasury Bills and Commercial Papers, and also in Money Market Instruments such as Call and Fixed Deposits.

Money Markets funds are low- risk short-term mutual investment schemes using instruments such as Securities, Cash and Cash equivalents. All Money Markets Funds Managers must be regulated by The Capital Market Authority.

Safaricom was publicly listed on the Nairobi Securities Exchange (NSE) in 2008. Then, the public responded by oversubscribing the shares. The current shareholding structure comprises the Government of Kenya (35%), Vodacom (35%), free float (25%), and Vodafone (5%). 

If you file within early, you could avoid unnecessary penalties for late filing. Note that the deadline is June 30, 2022. Avoid last minute filing, sometimes the system may be overloaded and delay your filing earning you a very avoidable penalty. 

The topic of youth and money encompasses various aspects, including financial literacy, saving and budgeting, earning potential, and financial decision-making. Here are some key points to consider: It is worth noting that financial circumstances and opportunities may vary for young people across different regions and socioeconomic backgrounds. Access to financial resources, support networks, and educational…