Why Your Rent Could Be on the Rise Soon

Why Your Rent Could Be on the Rise Soon

Tenants in Kenya may soon be facing higher rents due to the recently implemented Affordable Housing Levy. The levy, which requires landlords to pay 1.5% of the rent they collect, is intended to fund the construction of affordable housing units for low-income residents. However, many landlords are expected to pass on this additional cost to…

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Kenya Anticipates IMF Fund Boost for Economic Recovery

Are IMF Policies hurting Kenya’s economy Despite the Continued financial support?

Kenya is on the brink of a significant financial boost, with a $1 billion disbursement expected from the International Monetary Fund (IMF) in the coming month. This injection of funds comes as a beacon of hope for the nation’s economy, which has navigated through a debt crisis earlier this year and is now displaying signs…

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Kenya Anticipates IMF Fund Boost for Economic Recovery

Kenya Anticipates IMF Fund Boost for Economic Recovery

Kenya is poised to receive a significant financial injection with a $1 billion disbursement expected from the International Monetary Fund (IMF) next month. This news comes as a welcome development for the nation’s economy, which has weathered a debt crisis earlier this year and is now showing signs of improvement. President William Ruto expressed confidence…

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What the Inflation Drop Means for You

What Does the Recent Inflation Decline Mean for You?

Kenya’s inflation rate has been on a steady downward trajectory, reaching a promising 5.0% in April. This is according to a survey conducted by the Kenya National Bureau of Statistics. These surveys target a representative sample of outlets, aiming to accurately reflect the price changes experienced by everyday consumers. Data collection typically occurs during the…

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TotalEnergies Kenya Raises Dividend Payout by 46.5% After Strong Full Year Profit Growth

TotalEnergies Kenya Raises Dividend Payout by 46.5% After Strong Full Year Profit Growth

TotalEnergies Kenya is showering its shareholders with a hefty dividend increase of 46.5% after it delivered impressive results, prompting a significant boost in dividend payouts. Shareholders can expect to receive Sh1.92 per share, totaling Sh336.1 million, a substantial increase from the previous year’s Sh1.31 per share and Sh229.3 million payout. Beyond the generous dividend increase,…

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January Sees Record Peak in European Remittance to Kenya

Kenyans living in Europe sent a record-breaking Sh11.1 billion home in January, highlighting the crucial role diaspora communities play in Kenya’s economic well-being. This surge continues a positive trend, with total remittances reaching Ksh671 billion ($4.19 billion) in 2023, the highest on record. Remittances are the lifeblood of many Kenyan households, providing essential funds for…

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How to Successfully Invest in GenAfrica's Money Market Fund

How to Successfully Invest in GenAfrica’s Money Market Fund

GenAfrica’s Money Market Fund (MMF) has emerged as a star performer in Kenya’s investment landscape, attracting a growing base of investors seeking a secure and rewarding place for their money. Launched in December 2022, GenAfrica’s money market fund Kenya has experienced impressive growth, surpassing Ksh 921 million (approx. USD 7.7 million) in assets under management…

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