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Dec 8, 2024
Did you know that you can get a loan to your Mpesa in less than 5 minutes? Emergencies are unavoidable, we all need some quick cash to help sort out urgent issues. In Kenya today, there are platforms and apps that offer instant loans. These loans do not require guarantees or any form of security. This article explores some of the best instant mobile lending platforms in Kenya in 2024. The wor...
How I Started My Mitumba Business with Just Ksh2,000Imagine having just Ksh2,000 between you and poverty—or wealth, since I like to stay optimistic. Now picture turning that small amount into a business earning you Ksh15,000 in profits daily. Sounds unbelievable, right? Well, that’s exactly how I started Senje Thrift Wear. Today, it’s a thriving second-hand clothing business with several sta...
In today’s world, digital finance has made sending and receiving money across the globe fast and convenient. One of the most popular platforms, PayPal, is now integrated with M-Pesa, making it seamless for Kenyans to withdraw PayPal funds directly to their M-Pesa accounts.This service is powered by TransferTo in partnership with PayPal and Safaricom, offering a...
Financial Education Quotes by Warren Buffett Risk comes from not knowing what you're doing. Someone's sitting in the shade today because someone planted a tree a long time ago. The first rule of an investment is don't lose (money). And the second rule of an investment is don't forget the first rule. And that's all the rules there are. The more you learn,...
When I was in Class 8, which is equivalent to Grade 8 in the United States, I made a bold promise to myself that I would become a millionaire by the age of 20. It was an ambitious dream for a 13-year-old, but at the time, I believed it was possible. Fast forward, 7 years later, I was 20 years old and I had failed spectacularly. I didn’t even have enough money to buy a decent smartphone, let...
I made my first 1 million in a year when I was just 24 years old. It was back in 2020—the year COVID-19 shook the world. Businesses were closing, jobs were being lost, and the economy was down. But in every crisis, there’s an opportunity.Did you know that if you saved 3,000 every day, it will only take you 334 days to have more than 1 million?! Yes it's true, multiplying 3000 by 334, the ...
People take loans for different reasons, it can be to facilitate education or build a business. However, it is important to note that there are good and bad loans. As a result, it is crucial to garner enough knowledge on institutions from which you want to take a loan from. In this article, we explore different banks examining the ones that have cheapest and the ones that have expensive loans.&nbs...
Navigating the intricacies of Kenya's tax system is crucial for individuals and small businesses alike. With various taxes imposed at different levels of income and economic activity, having a solid grasp of the tax landscape can help individuals and businesses make informed financial decisions and ensure compliance with legal requirements. In this article, we will delve into the fundamental aspec...
Looking to gain some valuable financial insights while enjoying a good movie? Netflix has you covered! Whether you're curious about how money works or interested in uncovering the secrets behind big corporations, these Netflix documentaries and films are perfect for expanding your financial knowledge. Here are five must-watch Netflix movies about money that will keep you hooked while making you sm...
If things don't change in 2025, then it will be appropriate to note that President William Ruto's first term has been the hardest for Kenyans, especially economically.On a personal level, I never knew that there would be a time when my income would be this low. I now had to re-examine my personal finance. Due to the paradigm shift, I have had to cut my expenses exponentially. It will be ...
When I heard the news that Safaricom, through MPESA, had started a money market fund program called Ziidi, I got curious. For years, Safaricom has been a game-changer in the financial sector, introducing innovative solutions that have disrupted traditional markets. Think about MPESA—an idea that turned Kenya into the Silicon Savannah of Africa.So, with this new initiative, the Ziidi Money Market...
When you are creating your financial goals, it is wise not to be ambiguous but instead group them into categories. Widely, there are three types of financial goals; short-term financial goals, mid-term financial goals and long-term financial goals.As the terms suggest, short-term financial goals will take a short period of time and less money to be achieved. The timeline for a short-term fin...
The past few months have been an eye opening moment for me as I decided to take part in the purchasing of shares that have been listed in the Nairobi Securities Exchange (NSE). The main reason for doing this is to diversify my investment portfolio instead of letting money stay idle in my MPESA and other current accounts. The NSE is a common term among the Kenyan youths but the truth is...
This is an effective strategy with only three indicators. I use this strategy primarily on the 15 minute chart, but it can be used effectively on longer time frames as well.The three indicators being used are:Exponential 15 period Moving Average (closed)Exponential 25 period Moving Average (closed)Exponential 50 period Moving Average (closed)You can refer to the picture above to see how your chart...
The Certificate of Good Conduct, also known as a Police Clearance Certificate, is essential for various job applications, visa processing, and other official procedures in Kenya. Here’s a step-by-step guide to help you apply for one online through the eCitizen portal in 2024:1. Accessing eCitizen AccountGo to the eCitizen website and log in with your username (your registered email address) and ...
Nigeria is home to some of Africa's richest people, thanks to its booming industries like oil, telecoms, and manufacturing. Here's a detailed look at the top 10 richest Nigerians in 2024, their net worth, and what makes them stand out.1. Aliko Dangote - $13.4 BillionThe founder and chairman of the Dangote Group, Aliko Dangote remains not only the richest man in Nigeria but also in Africa. His...
Definition of Key Entrepreneurial TermsDefinition of an entrepreneurAn entrepreneur is a person who identifies a business opportunity, harnesses and obtains the resources necessary to initiate a successful business activity.The entrepreneur implements the ideaUndertakes to operate the businessAn entrepreneur is therefore a central key individual in the society who makes things happens for ec...
Financial literacy harbors numerous benefits to students especially in career planning. Mastering financial concepts can profoundly change a student’s professional life in many aspects, from making informed career decisions to managing student loans effectively. With the appropriate financial knowledge and skills, students can have a vivid comprehension of salary expectations, investment op...
In Kenya, as financial literacy is becoming more prevalent among the youths, many college and university students are seeking new ways to make money. One of the best way to make money as a student is engaging in a high paying side hustle. If you are a student and you are not engaging in any side hustle, then you are missing out on a great opportunity to gain experience, build skills and m...
Did you know that Tiktok has more than 10 million users in Kenya? When Tiktok was launched in 2016, I did not know that it will grow to become this giant social media platform it is today. Currently, people are not just using the platform for connecting and interacting, people are making good money. You heard me right! There are many creators who have made millions out of Tiktok. Take the cas...
Investing in the real estate industry is fascinating if not just incredible. Through this particular market, a youth can be assured of financial prosperity attained through property acquisition. I know majority of you are asking, why real estate?First, investing in real estate is the surest way to grow your wealth slowly. This is a business that has been there for a very long time unlike inves...
Investing is one of the smartest financial moves you can make. Remember, you are not late because there’s no better time to start than today. Let’s face it – many people procrastinate investing thinking that it’s something that can only be done by the rich with millions of money. However, did you know that in Kenya, there are investment platforms that you can start investing with as little...
Men are always advised to marry younger, not mandatory, but preferable. At least, that’s what the older generation tells us. It’s a trap, I always joke, especially when I think about the challenge...
Ah, financial planning... sounds fancy, right? Like something only rich people or business tycoons like Jimi Wanjigi need. But here’s the truth: evevryone, whether you’re a hawker, mama mboga, bro...
Anne Wangui Gathogoh69-20117, Naivasha+254705000000xyz@yahoo.comThe Human Resource Manager The Capital Hospital P.O. BOX 1236-00100Nairobi.14th April 14, 2024Dear Sir/MadamI would like to ex...
In today’s world, digital finance has made sending and receiving money across the globe fast and convenient. One of the most popular platforms, PayPal, is now integrated with M-Pesa, makin...
When I heard the news that Safaricom, through MPESA, had started a money market fund program called Ziidi, I got curious. For years, Safaricom has been a game-changer in the financial sector, introduc...
