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!
The linkage between access to credit and the economic development of a country has been made more proficient with the Credit Information Sharing (CIS) mechanism in place, which has created an opportunity for a wider cross-section of the population to access credit, particularly those with no access to tangible collateral. CIS Mechanism is basically a … Read more
Hustler Fund Advisory Board: President William Ruto in his campaign manifesto shared that he shall create a Hustler fund. The money is geared at providing cheaper credit for micro and small businesses. On Friday, the National Treasury said there shall be an advisory board to man the funds and also made public requirements for those … Read more
Hustler Fund Terms and conditions: The Kenyan government has capped the Hustler Fund at Ksh.50,000 with the kitty expected to be rolled out this December. The funds will attract an interest fee of 8 percent for each loan taken. The minimum amount one can take is Ksh.500. It is a Ksh.50 billion program which President … Read more
Hustlers Fund kitty has been set to commence on December 1, 2022. The funds, which are available to individuals, groups, small enterprises, and co-operatives will be offered at a one-digit interest rate of 8% per annum. Initially, the communication from the cabinet had indicated that the loans will range from a minimum of Ksh500 to … Read more
Safaricom Mpesa Visa Card has officially been launched. The Smart card was unveiled during the announcement of the Safaricom FY Results, 2017. It comes with tags, wristbands, devices, and cards utilizing near-field communications technology (NFC). About the Mpesa Visa Card The Safaricom smart card looks more like the Debit and Visa Cards but the functionalities are not … Read more
The safety and security of your funds are of utmost importance at the Flutterwave account. This is why we are continuously looking for innovative solutions to better secure our customers’ funds with us. We are happy to introduce three new security features to better protect your funds from fraud on our Flutterwave For Business product. … Read more
USSD stands for Unstructured Supplementary Service Data (USSD) and you use them by dialing * followed by the bank code, then # at the end. For example, *111# is a sample of Kenyan Banks’ USSD Codes. The biggest advantage of using USSD codes is that they work on any phone, you do not need a smartphone. Additionally, unlike banking via … Read more
The SACCOs-or Savings and Credit Cooperative Organizations in full are formed by members who share a common bond like teachers, police officers, civil servants, and so forth. SACCOs loans are easy to access and members can get dividends as well. Here is a list of teachers’ SACCOs in Kenya. 1. Metropolitan National Sacco Society Ltd-Over … Read more
From November 2022, Meta ads in Kenya are subject to a Value-Added Tax (VAT) at the applicable local tax rate. This applies to all advertisers whose “Sold to” country on their business or personal address is set to Kenya. Add your VAT ID in the payment settings. If you’re registered for Value-Added Tax and provide your … Read more
Niko Waks program targets to reach applicants within the small and micro enterprises in Kenya spread across 3 economic sectors: Agriculture (Hydroponic Farming) – Miramar International College (MIC) will train the beneficiaries and give the beneficiaries off-take contracts for their produce. In addition, MIC will source suitable land for the construction of greenhouses for its beneficiaries … Read more
Best Sacco to Buy Shares: To become a member of SACCO, you need to register and then start making monthly contributions. To start enjoying the benefits of a SACCO, you need to be a member for at least 3 months and your monthly contributions should be up to date. When you register to become a … Read more
If you are a TSC teacher and you are looking forward to applying for a TSC Loan at Mwalimu National Sacco, then here is all that you need to know. To apply for a TSC loan, you must be having a basic salary that is more than a third of your monthly basic pay. This means that … Read more
PayPal recently made it easy for Kenyans to transfer money to Mpesa. PayPal to Mpesa withdrawal or deposit takes about 2 hours with a few exceptions. However, sometimes you may encounter errors like account limitation or hold among others. This article seeks to provide solutions to common PayPal transaction errors. If you are interested in learning more … Read more
This article will guide you through the best Bitcoin wallets in Kenya if you want to Buy Cryptocurrency in Kenya. A cryptocurrency wallet is a digital or physical device that stores your private keys. Private keys allow you to spend your cryptocurrency, so they must be well-protected. There are many different wallets, each with its pros and … Read more
The process of Transferring Bitcoins from Paxful to LocalBitcoins wallet and vice versa is simple. All you need is a wallet in both platforms and Bitcoins. How to Transfer Bitcoins from Paxful to LocalBitcoins Login to your Paxful Account Go to your wallet Click Send Enter Your LocalBitcoins Wallet Address Send your Bitcoins Waiting for … Read more
Bitcoin is a virtual currency that can be used to make online, and now offline, purchases. Initially, it was mostly associated with the Dark Web; where it was used to purchase drugs, weapons, and other contraband. Nonetheless, it broke into the mainstream tech world in 2013 and can now be used to make legal purchases. … Read more