In your 20's? Start living below your means
For people in their 20s, time really is on their side. These are the years to develop the habits to ensure a successful financial future. As with most things in life, practice does make perfect, and there are critical financial habits a young person needs to develop to ensure…
Debt Management
I am currently working my brain through writing a manual on Collateral, Debt and Portfolio Management. Something I tasked myself with when I was given a thirty days sick off for the second time in four months a couple weeks ago. Commercial Debt Management as such is one aspect I…
Time banks lowered interest rates to attract home owners
You must have seen it by now: the dance craze where people go down as low as their limbs would allow. They are overjoyed and in one accord. But even before you can get a clue to what the excitement is all about, the dance ends abruptly with the message:…
Malipo ni papa hapa (All debts are settled in this world)
If you want to the best definition of this Swahili phrase, the best people to ask are the 10 candidates who were interviewed for the Chief Justice (CJ) position by the Judicial Service Commission last week. If I was betting man I would place a generous wager…
Treasury invites Kenyans to ‘tweet’ their budget views
Kenyan citizens will for the first time contribute to the formulation of the National Budget using social media technology, as part of a strategic push by the government develop a more inclusive document under the new constitution. Hoping to include a more comprehensive snapshot of the concerns of citizens, the…
Career Focus: George Lutta
George Lutta is the brilliant, charismatic CEO of Media Initiative, a Media Buying unit owned by Scangroup. How was his journey to the top? He was gracious enough to sit with the Money Academy and take us through his life journey. Here’s his story. ‘I figured out early…
Health Focus: An Insurer's point of view
Peter Nduati is the founder and CEO of Resolution Health. He is 41 years old and has over 20 years experience in the Kenyan Insurance Industry. He is also a master’s degree holder in Economics and Insurance, and is currently working on a doctorate in Entrepreneurship in Kenya. We spoke…
Health Focus
Health Focus is a serialization of stories on the effect of Health issues on a family and individual. While many take health for granted, the lack of it can lead to an enormous cost for a family. Often the cost is not just financial but emotional as well. How do…
Motorists stranded as fuel shortage hits Nairobi
Nairobi and its environs were hit by a fuel shortage despite assurances by the industry that there were enough supplies for the long weekend. Most filling stations in the city centre ran out of petrol but had plenty of diesel. Out of the 11 petrol stations the Nation team…
KPLC expands pre-paid meters programme
Electricity consumers in the Coast, Rift Valley and Western provinces are expected to start paying for their power in advance as the Kenya Power and Lighting Company expands its prepaid meters programme out of Nairobi. This is a departure from the post-paid arrangement where customers use electricity and pay for…
Money Is The Answer For Everything.
Clearly, Money can’t make you happy, nor can its pursuits, or the things you can buy with it. BUT the freedom of movement it provides, the ease and convenience, and the possibilities of positioning do indeed solve most, if not all of life’s physical dilemmas.
The Ascent of Money
Have you ever wondered where money came from? Where credit and mortgages originated from? When did gold get out of fashion? Watch the Ascent of Money by Niall Ferguson who takes us through the history of money and how we got to bubbles and crises. The Ascent of Money Part…
A Portfolio Perspective on Investing
Since I track the Nairobi Stock Exchange closely most of my friends and family constantly ask me; ‘which stock is hot? , where can I double my money fast? , Financials or industrials. I usually have one response prepared for these type of queries – that depends. I am…
GreenHouse Farming- Horticulture at it's best
You may be wondering why we have put this up on a personal finance site. Truth is we all need food, we also need to cheaper and innovative find ways of producing food. The cost of living is directly affected by what we pay for food and the sooner we…
Sweat the Small Stuff
It’s Friday afternoon. Mr. Shah walks into his bank with the statements that he has just received. Being Friday there is a long queue but he waits patiently. He finally gets to the counter at about 3:45 p.m. The teller, Jane, knows that this is her last client and he…
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