Money

Money

My Sh272,000 savings in MMF earned Sh1,100 net interest in 15 days

 Kenyan investor has shared how his investment in a local Money Market Fund (MMF) performed within a half-month period. The investor who identified as Hilary shared that he invested Sh272,371 in the Sanlam MMF. After receiving his statement for the period, his MMF savings had earned Sh1,100 interest after tax from May 16, 2025. This
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Money

The men and women steering Safaricom’s multi-billion growth

 Telecommunications heavyweight Safaricom PLC is undoubtedly Kenya’s most profitable company. The telco recently made history as the first company in the East African region to cross the Sh387.7 billion ($3 billion) mark in annual revenue. This milestone was marked in the financial year ended March 31, 2025, in which Safaricom also posted a 10.8 percent
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Money

How to say no when parents, relatives ask for money without feeling guilty

 Have you ever felt guilty for not being able to help a family member or friend in financial distress? Or worse, have you borrowed money just to support a relative facing an emergency? That call or text saying “Bro/siz, pliz niokolee aki” is common and usually leaves many with a lot of guilt, even when
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Money

KRA to start using new CRSP for used vehicles on July 1

 The Kenya Revenue Authority (KRA) will start using a new Current Retail Selling Price (CRSP) schedule for used motor vehicles on July 1. According to a notice that was issued by the Commissioner for Customs and Border Control, the new KRA CRSP will be used in determining the customs value for all imported used vehicles.
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Money

KCB Group vs Equity Group: Behind their Q1 2025 numbers

 The financials results for the first quarter of 2025 have once again given insights on the performance of the two largest banks in East and Central Africa. The KCB Group vs Equity Group results show that KCB Group continues to be the largest lender while Equity Group comes in a close second. In the first
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Money

Sidi Ould Tah is the new president of the African Development Bank Group

 Sidi Ould Tah of Mauritania has been elected President of the African Development Bank Group (AfDB) at the Bank’s Annual Meetings held in Abidjan, Côte d’Ivoire. Tah will assume office on 1 September 2025, for a five-year term, following the end of the second term of current President, Dr. Akinwumi Adesina. Tah was elected by
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Money

Access Bank completes acquisition of NBK from KCB Group

 Access Bank has completed the sale of National Bank of Kenya Limited (NBK) from KCB Group, marking the conclusion of a process that began in March 2024. This follows the receipt of all regulatory approvals. NBK is now a wholly owned subsidiary of Access Bank. NBK and Access Bank Kenya will continue to operate independently,
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Equity Group’s “Shared Prosperity” Model Powers Inclusive Growth Through Education, Finance, MSME Support, And Sustainability

 The Equity Group’s Q1 2025 Financial Report reveals the profound impact of its “Shared Prosperity” business model—a multidimensional approach to … ContinuedThe post Equity Group’s “Shared Prosperity” Model Powers Inclusive Growth Through Education, Finance, MSME Support, And Sustainability appeared first on Soko Directory. Read More

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