Category: Business


  • Start at 25, retire at 60: How to make your money work for you

    The dream: Retire at 50. Participants in an investment education webinar by CIC Group titled ‘Fire Up Your Financial Future’ took a poll that established seven out of 10 people would like to retire by the age of 50, provided they have sufficient money to last them long into their later years. Data from the Financial…

  • State House received Sh3.6bn for fuel, travel within 42 days from Treasury

    State House received Sh3.6 billion in the less than two months to the end of the last financial year. This has been revealed by a report by the Controller of Budget (CoB) Margaret Nyakang’o. According to the report, the National Treasury released the amount between May 14, 2025 and June 24, 2025. The money was…

  • Easy guide to farming watermelons in Kenya

    Watermelon farming is one of the profitable short-term farming projects that one can invest in for a quick return. The fruits take between 3-4 months to mature, meaning farmers don’t need to wait for long for the investment to start paying off. The good thing about watermelon is that its market is ever-ready thanks to the…

  • Renowned Kenyan companies that collapsed after death of founders

    Undoubtedly, businesses suffer long-lasting and significant negative impacts following a founder’s death and some of Kenya’s giant companies are a testament to this. Various issues contribute to the collapse of these businesses, including poor succession plan, family conflicts, lack of trusted advisers, varying visions between generations, lack of financial education for children, exclusion of family…

  • 9 KQ Dreamliners’ engines maintenance to cost Sh34 billion over time

    Boeing 787 Dreamliner GEnx engine. PHOTO/Agencies/Courtesy The cost of keeping Kenya Airways Boeing 787 Dreamliners airworthy runs into billions of shillings. This has been revealed by Kenya Airways chief executive officer Allan Kilavuka. According to Kilavuka, the national carrier currently owns nine Dreamliners. Each of these KQ Dreamliners has two engines that at some point…

  • Housing tax collections hit Sh73.2 billion; only a small portion used on houses

    The Kenya Revenue Authority (KRA) collected Sh73.2 billion in housing tax in the financial year 2024/25. This amount surpassed the Sh63.2 billion target that had been set by the National Treasury. Despite the taxman surpassing the housing tax collections target, a huge amount of the collected funds are yet to be used for the purpose…

  • Number of licensed digital lenders hit 152 as CBK licenses 27 new DCPs

    A general view shows the Central Bank of Kenya headquarters building along Haile Selassie Avenue in Nairobi, Kenya November 28, 2018. REUTERS/Njeri Mwangi The Central Bank of Kenya (CBK) has licensed 27 new Digital Credit Providers (DCPs), in a bid to streamline lending activities in the financial technology space. In an announcement on Thursday, CBK…

  • Stanbic Bank announces auction of cars for as low as Sh500k

    Stanbic Bank Kenya has announced the sale of motor vehicles in Nairobi and other parts of the country through a public auction. In a Public notice on the Daily Nation Newspaper on Thursday September 4, the lender invited interested bidders to purchase the 23 motor vehicles stationed in various yards across the country. Among the…

  • Insights from a Real Estate Lawyer: What Every Property Buyer Should Know

    What Every Property Buyer should know When it comes to investing in real estate, a lawyer is not just a luxury but your secret weapon. After finding the perfect piece of land in the right location, at the right price and seeing your dreams finally come together, do not rush into signing on that dotted…

  • Public Servants to access pension savings early in proposed law

    Public service employees who leave their jobs before retirement age may soon be able to access their pension savings. Public service employees who leave their jobs before retirement age may soon be able to access their pension savings. This change is proposed in the Public Service Superannuation Scheme (Amendment) Bill, 2025. Sponsored by National Assembly…