Investments

By Amos Mzenge APRIL 4 – Most people are conversant with the 50-30-20 rule on money, and its variations, as regards expenditure and savings. Whilst financial success can somewhat be attributed to saving every possible penny, building a hefty savings kitty should not take over one’s life to the point where they are not enjoying…

As calls for unity mounted across the bloc, the European Union (EU) prepared a multi-phase retaliation package – while still leaving the door open for negotiations. “NOT LIBERATION, BUT INFLATION” European leaders condemned Trump’s tariffs, warning that what has been presented as economic liberation could instead bring inflation, uncertainty, and harm to global trade. German…

APRIL 3 – Tesla sales have plummeted to their lowest level in three years after a backlash against its boss Elon Musk. The electric car maker delivered almost 337,000 electric vehicles in the first three months of 2025, a 13% drop from a year ago. Tesla shares tumbled in early trading on Wednesday after the…

NAIROBI, Kenya, April 1 – The Kenya Revenue Authority (KRA) is working on simplifying the Pay As You Earn (PAYE) filing system that discourages MSMEs from submitting returns. KRA Commissioner General Humphrey Wattanga explained the intricate PAYE system, which discourages compliance and creates an administrative burden for small businesses. “Our aim is to simplify this…

NAIROBI, Kenya Mar 31 – In Kenya’s dynamic financial landscape, more investors are becoming intrigued by the opportunities offered by currency trading. The allure of exchanging global currencies has grown significantly as internet penetration increases and individuals seek new avenues for financial growth. Yet, as appealing as forex markets may be, they come with inherent…

MAR 30 – The UK would not hesitate to retaliate against US tariffs if needed, according to Downing Street sources. The government is in last-minute negotiations with the White House ahead of a 25% tax on car imports and threats of wider tariffs on other goods on 2 April. It is trying to get an exemption, arguing…

MAR 29 – Elon Musk says that his AI venture xAI has acquired his social media platform X, formerly known as Twitter. In an X post Friday, Musk said the all-stock transaction values xAI at $80 billion and X at $33 billion. Musk paid $44 billion for Twitter in 2022. “xAI and X’s futures are…

NAIROBI, Kenya, Mar 28 – Commissions earned by Bolt drivers will henceforth attract 16 percent value added taxes (VATs) after the passage of the 2023 Electronic, Internet and Digital Marketplace Supply Regulations. Over the past 15 months, Bolt has absorbed the VAT obligation on behalf of drivers, cushioning their earnings. The application follows a guidance…

NAIROBI, Kenya, Mar 27 – DIB Bank Kenya (DIBBK), a subsidiary of Dubai Islamic Bank PJSC, has reported a net profit of Sh103.4 million for the year ending December 31, 2024, a turnaround from a Sh256 million loss in 2023. The bank attributed this growth to increasing customer confidence in Shariah-compliant banking and a steady…