What Is Mali by Safaricom?
If you normally make Mpesa transactions using the updated M-PESA Super App, I am sure you have come across Mali and probably asked yourself, or those around you, what that Mali by Safaricom is; I bet many failed to know or gave inaccurate information about it. But here is the answer: Mali is a money market fund by Safaricom, the...
Companies Listed on NSE in Kenya
NSE is the Kenyan stock exchange: In full, it is the Nairobi Securities Exchange and not the Nairobi Stock Exchange, as many usually call it. And just like the USA's NYSE, the New York Stock Exchange, the largest stock exchange in the world, NSE is where the equity shares of public companies in Kenya are bought and sold. By its worth,...
How to Buy Airtel Shares in Kenya
Airtel Kenya is the second biggest provider of telecommunications and mobile money services in Kenya after Safaricom, ranked the best network across the country for data and calls, and also because of Mpesa. Because of the 'PLC' tag meaning a public limited company at the end of Safaricom PLC, as it is known, we all know, at least most of us, that...
What Is the National Minimum Wage in Kenya in 2024?
Millions of workers across Kenya will soon receive a pay increase after the President asked the Ministry of Labour to raise the national minimum wage by 6% as he spoke during the 2024 Labour Day celebrations held at Uhuru Gardens in Nairobi on 1st May. Such minimum wage, recognised by law, is the base level of pay that employers are...
What You Need to Know about AMREF SACCO
AMREF SACCO operates as a financial cooperative. If it were in the US, it could be operating as a Credit Union, a nonprofit financial institution owned by people who use its financial products. Specifically, it is a non-DT (deposit taking) SACCO, which Kenyan SACCOs regulator Sacco Societies Regulatory Authority SASRA defines as a financial institution that accepts deposits but bars...
What Is the Cheapest DStv to Get in Kenya? (2024)
DStv Kenya says it is the undisputed home of movies, local shows, sports, international and local news and safe kids' entertainment, and looking at its package offerings to subscribers, you will agree that is pure truth! The MultiChoice-Owned satellite television is best known for airing live sports, especially those of the world's most popular football leagues like the Premier League,...
All Absa Money Market Fund Details in Kenya (2024)
Absa Bank Kenya PLC is one of the largest banks in Kenya, with total assets exceeding 3.5 billion USD, and it has a lot of customers. For that, now, when the central bank rates are high and savings accounts lucrative, many are interested in knowing the rates of its money market fund, minimum deposit and how it works so...
What You Should Know about GenAfrica in Kenya
Towards the end of April, GenAfrica sparked national headlines in Kenya after announcing its financial results for the first quarter of the year, which indicated a strong capital position, especially for its money market fund, which started just in December 2022, whose sum of all current and non-current assets have grown to nearly Ksh1 billion, that is Ksh921 million, at...
When Will Schools Open in Kenya for Term Two 2024?
If your child attends a primary or secondary school in Kenya, this April, they were on holiday after the schools closed for nearly a month break when the first term ended, and they were to re-open for second term studies on Monday, April 29, 2024. For many parents, the days towards the initially set opening date were filled with school supply...
How to Change Hospitals in NHIF in 2024
Before the Social Health Insurance Fund (SHIF) becomes operational from July 1, 2024, when deductions to it will begin after all qualifying Kenyans get registered to the new state health protection scheme, the National Health Insurance Fund (NHIF) is still at work, and its members, who are ill, can still walk to hospitals accepting the government health insurance and...
