The U.S. dollar sits at the center of the global financial system. It is the currency most international trade is priced in, the primary reserve asset held by central banks, and the backbone of global lending and capital markets. Even transactions between countries with no direct economic ties to the United States often rely on […]
In today’s fast-paced world, managing finances efficiently is crucial. For millions of Kenyans, M-Pesa, Safaricom’s mobile money platform, is a lifeline for daily transactions. One of its lesser-known but highly convenient features is M-Pesa Ratiba, which allows users to schedule payments automatically. What is M-Pesa Ratiba? M-Pesa Ratiba is a service provided by Safaricom that […]
Elon Musk is widely known not only for leading some of the most innovative companies in the world, but also for his forward-looking investment mindset. His interests tend to align with technologies that redefine industries — from energy and transportation to space, artificial intelligence, and digital finance. Below is an in-depth look at five key […]
Money doesn’t just disappear — it flows, and the direction it flows often depends on habits. While luck and opportunity play their roles, financial outcomes are largely shaped by consistent patterns of behavior. Some people unconsciously sabotage their financial growth, while others make small, deliberate choices that compound into lasting wealth. Here are five key […]
As more Kenyans seek alternatives to traditional banking in a bid to grow their wealth, SACCOs and Money Market Funds (MMFs) have emerged as two of the most accessible and trusted options. But how do they differ—and which one is better suited for your financial goals in 2025 and beyond? To gain deeper insight, Newsly.co.ke […]
KRA targets VAT as top revenue source with a bold digital overhaul aimed at transforming Kenya’s tax landscape. The Kenya Revenue Authority (KRA) is spearheading a tech-driven strategy to make VAT its most dependable and largest collection category—ushering in real-time oversight, fraud prevention, and a broader tax base. What’s Driving the Push At a recent […]
In a bold move to digitize and reform public procurement, the Government of Kenya has allocated Ksh700 million in the 2025/2026 national budget for the implementation of the Electronic Government Procurement (eGP) system. Treasury Cabinet Secretary John Mbadi, while presenting the Ksh4.29 trillion budget in Parliament, confirmed that the funds would support the nationwide rollout […]
With the June 30 deadline looming, the Kenya Revenue Authority (KR has rolled out a new, simplified way to file Nil tax returns—this time through the eCitizen portal. The move marks a significant shift in Kenya’s tax compliance strategy and is designed to ease congestion and digital frustrations commonly experienced during peak filing periods. Previously, […]
