SMART MONEY

COVID-19 has reinforced the need to adopt technology to make life insurance purchase and uptake simpler as more consumers embrace a tech-driven shift. CIC...

Best Logbook Loans: Mwananchi Credit has been recognized for the third consecutive year as the Best Logbook Financier 2021. The micro-credit company was awarded...

Nairobi Securities Exchange CEO Geoffrey Odundo said through this initiative, the NSE seeks to unlock more investment opportunities using convenient and innovative solutions. "The partnership resonates with our resolve to connect capital with opportunities as anchored in the NSE 2020-2024 strategic plan," Mr Odundo.

Mwananchi Credit’s CEO Dennis Mombo said, “The current economic times have become tough due to the Covid-19 pandemic which has resulted in an unprecedented amount of car loan borrowers from most institutions falling behind their payment terms."

Despite the growth slowdown, the industry continued to withstand market shocks arising from the pandemic. The KBA report indicates that the sector’s outlook for the year 2021 is stable, supported by adequate capitalization and liquidity levels.

Mwananchi Credit Limited is adding a series of trading-related products to its portfolio. The trade finance products include cashless bid bonds, performance bonds, advance...

Derivatives are an investment tool whose value is derived from underlying assets like bonds, commodities, currencies, interest rates, market indexes and stock based on the expected future price movement of the asset. They allow investors to make a gain or hedge against losses by taking a bet on the future price movement. NEXT enables you to trade Equity Index Futures and Single Stock Futures.

In this modern time, people are becoming more and more reliant on the internet. Not only do they leverage online channels to find any...

Budgeting Apps: Everyone wants to improve their financial literacy by managing their money efficiently. The daily commitment of life is often overwhelming, which makes...

Ed Partners is targeting affordable private schools that provide education to the low-income population and charge school fees of between $150 (Ksh16,000) and $500 (Ksh54,000) per year. Additionally, these schools are looking for loans of between $2,000 (Ksh200,000) and $70,000 (Ksh7 million) payable up to six years. Ed Partners CEO Amos Mwangi said the company is focusing on Kenya’s affordable private school sector, which is typically starved of credit by mainstream lenders.