I want to start this post by making one point clear: A life insurance cover is NOT an investment! Whether it is advertised as an investment/education plan / bonus plan. It is NOT an investment. With that out of the way, we can now discuss what life insurance is. This is the first of a two-post series on life insurance. Read the second post here….
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Other than first time visitors who can learn about it here, every one of my log readers knows about the #52WeekChallenge. We are in August, week 32 and this week’s update is exciting. Zahra (awowoderia on Twitter) has been updating me about her savings all year, then a few weeks ago she hit me with great news. She broke her M-Shwari bank and used the…
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On the 9th of July, the Kenya Gazette Supplement Number 113, announced the amendment of the Insurance Act. What does this mean? It means that insurance intermediaries such as brokers and agents are no longer authorized to collect premiums on behalf of insurance companies. This means that your premium payments should go directly to the insurance company that you are buying insurance from. This move…
Read MoreLast week, the Nairobi Stock Exchange announced the launch of its derivatives market. NEXT is the Nairobi Securities Exchange (NSE) derivatives market that facilitates the trading of futures contracts in the Kenyan market. NEXT is regulated by the Capital Markets Authority (CMA). NEXT was established as a result of: Increased integration of the Kenyan financial markets with international markets; Increased volatility in asset prices in…
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How are your 2019 money goals so far? We are in Week 29 of the #52WeekChallenge take time to save some money this week.If you are yet to join, here is how to start the #52WeekChallenge today! About 15 years ago while I was in university, my mother and I were talking about life after school, and my plans once I got a job. I remember…
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Are you a social entrepreneur, social intrapreneur or organizational builder? Are you passionate about doing what is right and making the world a better place? If you answered yes to these two questions, then consider signing up for the Acumen East Africa fellowship. It is a transformational 1-year program that connects and empowers people to create change in their organisations. I have been privileged to…
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Hi there! We are in Week 29 of the #52WeekChallenge. We zoomed past the halfway mark a few weeks ago! This post is an aggregation of the questions that I receive from my readers in the comments section, on email, and on Twitter DMs. I am not able to respond to them all, but hopefully, this post will help. How much should we have saved…
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How are your 2019 money goals so far? We are in Week 28 of the #52WeekChallenge take time to save some money this week.If you are yet to join, here is how to start the #52WeekChallenge today! It is common knowledge that raising a child is hard. I knew this when I became a mother seven years ago. What I did not know, is how crippling…
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Have you joined the #52WeekChallenge powered by M-Shwari? To join, set up an M-Shwari Lock Savings Account, start saving and you just might get a cash reward. As I post this, we are in Week 25 of the #52WeekChallenge, use the MoneyBox App (for Android) to calculate how much you are supposed to save on a weekly basis and start today! Short answer is no. Let me explain. First,…
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Looking Back is a series of blog posts dedicated to looking back on the last 10 years in the Nairobi Stock Exchange. Peter has been analyzing the performance of these stocks on his Twitter timeline and has graciously allowed us to convert his tweets into posts for your reading. If you’d invested 100,000 shillings in Safaricom exactly 10 years ago, your investment would be worth…
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