Dive into our Finance section for savvy tips, insightful articles, and the latest trends in money management. Whether you’re budgeting, investing, or seeking financial freedom, we’ve got the tools and advice you need to thrive in Nairobi’s dynamic economy. Empower your financial journey with us!
Zash loan app is a mobile-based digital lending platform owned by Kopakash limited. Being a new app, Zash loan currently has a limit of Ksh 500. Packed with a size of 20 MB, the latest Zash app can only be downloaded from Google Playstore. The Zash loan app has more than 1m+ download coupled with a … Read more
Shika Loan App to help reach out to borrowers in Kenya from the comfort of their smartphones. Due to the current economic hardships, there has been a rise in the demand for loans. This situation has led to growth in the number of credit companies seeking to give financial aid in the form of loans. Like … Read more
EQUITY Bank FRAUD!! Maxwell Lawrence Muyonjo is the latest confessor about the suspected Equity Bank fraud at Equity bank Uganda. He lost Shs 30.6 million. And to top it off, they even applied for an shs500,000 instant loan and also took it. He feels the bank’s insiders know one or two about how it was … Read more
The Fadhili loan app is a mobile money lending platform that provides fast and affordable loans to borrowers in Kenya via M-PESA. The lender provides loans ranging from ksh 300 to ksh 100,000 sent to a borrower’s M-Pesa account within minutes after the application approval. I tried the app but I was not lucky. I … Read more
There are many small companies operating in Nairobi, Kenya, across a range of industries. Small companies are businesses that are typically privately owned and have fewer employees and less revenue than larger corporations. They can operate in a wide range of industries and can be structured as sole proprietorships, partnerships, limited liability companies (LLCs), or … Read more
In Kenya, deposit insurance is provided by the Deposit Insurance Corporation (DIC), which is a government-owned organization responsible for safeguarding depositors’ interests. The DIC covers all deposits held in Kenyan banks, up to a limit of KES 100,000 per depositor per bank. The deposit insurance scheme in Kenya is mandatory for all banks operating in … Read more
The 2019 exemption of NIC and Commercial Bank of Africa (CBA) from share sale tax by the National Treasury following their merger has returned to haunt former President Uhuru Kenyatta and his family. The Kenyatta family controls a 13.2% stake in NCBA Deal, the entity that resulted from the merger. As President William Ruto on … Read more
Starting tomorrow (January 31st, 2023) Digital Credit Lenders operating on the Google Play platform targeting users of Android devices, have to contend with some new requirements. These are measures put in place by Google to make sure that they are dealing with legal entities in Kenya that have the capacity to handle the necessary data involved, … Read more
Politician Peter Kenneth, lawyer Ambrose Rachier and city tycoon Amos Gichuki Ngonjo are set to receive $40 million (Sh4.98 billion) for the sale of their remaining stakes in Mayfair Bank to Egypt’s Commercial International Bank (CIB). The three are among the 32 investors who have agreed to sell their combined 49 percent stake in Mayfair … Read more
Many employees suffer in Kenya due to poor planning of their salaries. A poor saving scheme may lead to financial constraints and increased borrowing capacity. I know you may be interested to know how to save money from your salary. There are several ways how to make your salary last longer in Kenya. This article … Read more
Safaricom has just launched M-Pesa Global in partnership with Western Union. This means M-Pesa users can now send and receive money from the USA or anywhere else using a mobile phone—a smart or even a feature phone. Finally, you can breathe a sigh of relief and say goodbye to cumbersome bank transfer processes and expensive … Read more
Equity bank account is arguably one of the biggest banks in Kenya and has a large pool of clients. The bank has its own Mpesa pay bill number that you can use to easily deposit funds into their accounts. To use this service, you need the equity pay bill number and an Equity bank account. How … Read more
Huster fund can either be accessed through a dedicated USSD which is *544# or through the Hfund mini app which is the official hustler fund loan app. Through the app, it’s possible to access the loan balance, loan limit, saving balance, loan status, and statements all from one window. Through the app, you can also … Read more
A Government hustler fund loan that lets Kenyan Citizens borrow Money through their cell phones. The Government has given it a start-up capital of Kshs 50 billion. The Hustlers Fund is revolutionary as its objective is to make affordable credit to sections of the population that have been left behind for far too long. The … Read more
With Hustler Fund loans from a minimum of Ksh.500 to as high as Ksh.50,000 at an 8 percent pro-rated basis or a daily rate of 0.002 percent, the fund is expected to offer much-needed relief to millions of Kenyans who could not access credit after having been blacklisted by various credit rating agencies. So how … Read more
Hustler Fund kitty tops up at KES 50 billion and is offered for personal loans, and for micro-enterprises and SMEs. As you may have noticed, the Fund is accessed via mobile money deposits. To this end, customers have the option to use M-PESA, Telkom Kenya’s T-Kash, and Airtel Money. There is no other access channel … Read more