Curious about the top money market funds in Kenya for December 2023? Here they are! First off, the average daily rate for money market funds in December went up to 12.51% per year, compared to November’s 12.06%. This spike is due to the rising interest rates in government securities, which are a big deal for…
Value Added Tax (VAT) is a form of indirect tax levied on the consumption of goods and services. It is a major source of revenue for most governments including Kenya. Here is a summary that you need to know. Purpose of VAT The primary goal of VAT is to generate revenue for the government. Unlike…
Are you in search of a business loan for your enterprise in Kenya? Discover and compare an array of business loans tailored for your specific needs. Easily assess interest rates, tenure, loan limits, and other crucial terms with just a few clicks. This article navigates through their significance, diverse types, effective selection strategies, eligibility prerequisites,…
Owning a home in Kenya is undeniably a major milestone, but the soaring costs present a formidable challenge. The expense of land and skyrocketing construction material prices contribute to the complexity of this pursuit. However, envision a pathway to realizing your dream home, irrespective of your financial standing. A mortgage, a financial loan extended by…
A chama, derived from the Kiswahili word for “group,” is a self-help initiative that operates on the principles of collective saving and investment. These informal cooperatives have become a powerful financial tool, empowering individuals and communities across Kenya. With origins tracing back to the 1960s, chamas have evolved significantly, transitioning from simple savings groups into…
