- Saccos, which had shares at the union, were financially hit after an audit by PricewaterhouseCoopers (PwC) exposed the financial malpractices of former directors.
- Kenya is banking on the African Union to help secure an extension of the African Growth and Opportunity Act (AGOA), which allows selected goods duty-free access to the US market, following new US tariffs that have raised doubts over the future of the trade deal.
- What started as a side hustle to make extra money became a dream to create a space where women feel pampered and rejuvenated. A business that now generates monthly revenues of between Ksh200,000 and Ksh250,000 - on a good month. To gain insight into how the spa business operates, Money254.co.ke…
- An analysis by Money254 shows that for every day you work, the first Ksh801 you make goes to a set of direct taxes that are deducted before your salary gets to you. You also pay another Ksh334 per day - through direct taxes. Meaning you pay taxes worth about Ksh1,135 per day
- In some instances, Mugo noted that the salary deductions were more than two-thirds of employees' pay, contrary to the provisions of the Employment Act of 2007.
- While some countries have strongly opposed the U.S. tariffs—going as far as threatening retaliatory measures—Kenya has taken a different approach. Nations such as China and Japan, which were hit with steeper tariff increases, have openly condemned the move and hinted at potential trade…
- In this newsletter, we are covering the new proposals by Nairobi County that will see motorists pay Ksh1,000 per day to access some areas of the city.
- As detailed in the Nairobi City County (Taxi Cab Permit) Regulations of 2025, all persons in the taxi business will be required to register with a Sacco or be attached to a taxi-hailing company.
- "Institutions were expected to migrate to the new modular courses within five years of the expiry of the old courses. KNEC has been offering affected candidates opportunities to register and sit for the affected papers. However, some institutions have often used this as a loophole to register fresh…
- In this newsletter, we're covering how directors used a secret account to defraud Invesco Insurance, EACC's fresh push for certificate verification in both public and private sectors, and a criminal gang targeting M-Pesa shop owners.
- In an interview with Money254, Pancras Karema narrated his 10-year journey of building Expeditions Masai Safaris since inception while at the university and with no capital, navigating the Covid-19 curveball and eventually running a company worth 'tens of millions of shillings.'
- Beginning July 1 this 2025, some second-hand vehicle importers will pay less duty after the Kenya Revenue Authority (KRA) launches the new Transaction Value System for calculating import duty.
- Every week, Money254 publishes the prices of 10 basic products, including maize flour, rice, cooking oil, and eggs, and comparing prices across four major outlets to help you make a decision which deals to snatch.
- In this newsletter, we are covering the upcoming mandatory inspection by NTSA, police officers shutting down Gideon Moi's firm, and the slashing of funding for Ruto's advisers.
- There was a time I would scramble in January, May, and September, piecing together school fees from here and there. Sometimes I desperately found myself dipping into money meant for rent, other times, borrowing. This always had my heart racing.
- In this newsletter, we are covering the new proposal by the Trump administration that will see Kenyans in the US taxed for money they sent back to their relatives in Kenya.
- Before venturing into the complexities and risks inherent in the stock market, it's crucial to equip oneself with knowledge and understanding. This entails conducting thorough research to grasp the fundamentals of investing, which starts by identifying the key factors to consider when buying shares…
- In this Newsletter, we are covering the Knight Frank report, Aliko Dangote's purchase of Kenya's oldest tourism company, Nelson Amenya’s latest airport scandal, and President William Ruto's extended business talks with China.
- In this newsletter, we are covering the types of rental houses with the highest profit margins, the Kenyan Government’s Ksh6 billion payment to a French firm despite cancelling the contract, and a businessman surrendering himself to the DCI over the MP's murder.
- According to the survey, which covers 2024, employees who work in extraterritorial organisations such as the United Nations maintain the top position.
- I earn Ksh150,000, and I'm currently servicing a loan of Ksh3.1 million. Should I take another loan of Ksh6 million, pay off the entire debt, and invest the difference? A financial expert offers advice.
- In this newsletter, we’re covering the creation of 782,000 new jobs, the sectors employing the most people, and Treasury CS John Mbadi’s explanation on why the removal of zero-rated products was necessary.
- The M10 has all the latest features you’d expect in a modern smartphone — but it also gives you more. In this article, we offer a deep dive into the M10 to see if it’s something that could actually be a game-changer for everyday Kenyans.
- Every week, Money254 will be publishing the prices of 10 basic products, including maize flour, rice, cooking oil, and eggs, and comparing prices across four major outlets to help you make a decision which deals to snatch.
- The allocation presents a puzzle, since former US President Donald Trump issued an executive order pausing all international assistance, which led to a stop-work order that halted ongoing projects.
- In this Newsletter, we are covering the recently tabled Finance Bill 2025 as well as President William Ruto’s Madaraka Day speech and how it affects your wallet.
- The crackdown is taking place nationwide, with both individuals and businesses targeted. As of September last year, 511 companies had been found to be actively evading taxes, which cost KRA Ksh79 billion.
- In today’s newsletter, we are covering the approved Finance Bill 2025 by highlighting key proposals that are targeting businesses, employees and employers.
- Every Monday, Money254 will be publishing the prices of 10 basic products, including maize flour, rice, cooking oil, and eggs, and comparing prices across four major outlets to help you make a decision which deals to snatch. Here we compare the cheapest prices this week.
- Chau identified electricity supply as a major obstacle to investment, noting that Kenya's 4-gigawatt capacity is insufficient for a population of 50 million.
- President William Ruto called for leadership changes at the IMF and the World Bank, noting that some of their practices were archaic and the world order has since changed.
- Motorists, including boda bodas and vehicles, risk paying a fine as high as Ksh20,000 should they not present their vehicles for emissions testing regularly.
- Treasury Cabinet Secretary John Mbadi and his Principal Secretary, Chris Kiptoo, embarked on fresh talks with the Bretton Woods Institutions among them IMF and World Bank.
- A source noted that the Iranian Government jailed 66 individuals in connection with the scandal and demanded action against their Kenyan counterparts.
