Real estate investment is one of the myriad of ways that you can use to create wealth. Wealth grows through compounding, which means putting money into something with the expectation of making a profit on both your original investment as well as the accrued interest over time.
Author: Editor
A section of financial institutions bosses have predicted further depreciation of the Shilling come January 2024. In a survey that was conducted by the Central Bank of Kenya (CBK) a section of 302 fielded CEOs explained that the Shilling depreciation would be caused by five factors including the country’s maturing debt and persistent dollar demand by importers. Kenya is set to pay off a Sh500 billion Eurobond in December, and the decline in exports from Kenya and the reduced foreign direct investments were also highlighted as factors that could make the Shilling shed its value further. Some experts have predicted…
The journey to the buyback of Telkom Kenya shares from Helios Investors LLP, a French company with interests in telcos and banking among others, was bound to be perilous even before it started.
In the financial year 2022/23, government collected revenue of Sh2,166 billion and borrowed about Sh988 billion, giving it a total revenue and debt of Sh3,154 billion in the year, with a total budgeted expenditure for that year hitting Sh3,384 billion.
By Mutava mulei It is unsettling that the NSE is getting ditched at the world stage, and the reasons are pretty basic. Someone else of more value has come around. The world of finance thrives on brute competitiveness and comparisons are the order of the day. To be ahead, one needs to be simply better than. A quick look at the Capital markets quarterly statistical bulletins since 2020 reveals a grim picture of a steady rejection by international investors. For the three years, 2020, 2021 and 2022, there is a net outflow of funds from the bourse, with the largest…
African fruit exporters have stepped in to fill the gap created by declining production in some parts of Europe and growing demand for oranges, lemons, watermelons and strawberries in the EU, UK, and Asia By Conrad Onyango Africa is enjoying increased fruit exports to Europe, the United Kingdom and Asia, helping to fill a growing supply gap occasioned by low harvests in those markets, helped by increased production methods and yields across the continent. According to the EU Citrus Semi-Annual Report, the production of citrus fruits in Europe is expected to decrease by 10% in the 2022/23 season, with Spain…
The Ethics and Anti-Corruption Commission (EACC) has continued to partner with government agencies in an effort to further its corruption prevention mandate. The latest to benefit from anti-corruption prevention training is the National Research Fund (NRF), whose staff has been taken through a rigorous training on corruption prevention measures in a workshop held in Nakuru – the training which ran from April 3 to 6, 2023, aimed at enhancing the capacity of the agency to prevent occurrence of corruption and unethical conducts in its operation. NRF is a state agency under the Ministry of Education established pursuant to section 32…
TotalEnergies Marketing Kenya, formerly Total Kenya, has launched its 232nd service station in a bid to expand its footprint in the energy market. Situated in Ruiru, along Thika Superhighway, the new outlet will serve customers plying the route that connects neighboring counties to Nairobi, as well as the increasingly growing residential community around the area. Speaking during the launch, TotalEnergies Kenya managing director Eric Fanchini said the investment was in response to customer demand for proximity to the company’s products and services. “I encourage our staff to utilize this opportunity to drive the uptake of our solar products in line with…
Kenya’s customs officials have enabled the Kenya Revenue Authority (KRA) to surpass its revenue target by enabling “legitimate trade without hindrances” and preventing threats posed by organized crime, smugglers, fraudsters, terrorists, and even goods that could endanger the citizenry. KRA surpassed its revenue target after collection in the financial year (FY) 2021-2022 hit Sh2.031 trillion. During the same period, customs and border control also collected Sh728.530 billion surpassing a target of Sh702.823 billion, which is a growth of 16.6%, and a surplus collection of Sh25.707 billion. “Customs and border control has continued with the good trend in the first half…
By Prof. Njuguna Ndung’u and Prof. Théophile T. Azomahou The COVID-19 pandemic triggered a profound setback after a quarter-century of economic and social progress. Insecurity and political instability are becoming pervasive across Africa. The Russian-Ukrainian war is exposing millions of people to food insecurity, and the most vulnerable are the hardest hit as a large share of their income is spent on food and transport. This is compounded by a harsh drought in the horn of Africa that has affected food supply and food security. In parallel to these shocks that will likely have lasting consequences, African economies still suffer…