Demographs Kenya

15/06/2023

Poverty index
Poverty defined as earning less than KES 7193 in urban areas and KES 3947 in rural areas.
19.1 million Kenyans are poor. 38 % of the population.
Source government data.

15/06/2023

Kenya Balance of Trade

Exports KES 81.74 Billion
Imports KES 216.43 Billion

10/04/2023

https://www.facebook.com/110129614452719/posts/484209863711357/?mibextid=Nif5oz
The chickens coming home to roost

Treasury chiefs project that Kenya will spend Sh1.36 trillion annually in the year starting July for debt repayment, up from Sh1.15 trillion in the current fiscal period.

15/03/2023

10/03/2023

136,000 dollar millionaires in Africa

23/02/2023

Fixed deposit rates ( FDR) in banks are below the inflation rate.

Inflation is at 9%.

FDR return is at 6.76.

Multi-year inflation is higher at 7.64%, which means you won't make any money from fixed deposits due to inflation.

Inflation measures how high the cost of living is by finding the average price of common commodities like bread and flour.

Treasury bills offer better returns at 14.1 %.
FDR or Tbills can be useful investments for lump sums e.g. For pensioners, athletes, property sellers or Saccos.

21/02/2023

NSSF deductions are rising from a minimum of 200 to 1087.
This changes both your taxable income and your take pay as below.
Source business daily

21/10/2022

Saudi Arabia remittances from Kenyans hits Kes 3.28 Billion making it second to USA.

Diaspora remittances from Saudi Arabia have been growing at fastest pace among the major source countries this year.

14/10/2022

An institution must maintain at least Sh1 billion core capital to operate as a commercial bank and between Sh20 million and Sh60 million as a microfinancier depending on the scale of its operations.

12/10/2022

Kenyans consumed 20,525,000 kg tonnes of cooking gas monthly this year first half.
Source knbs

16/08/2022

From 600 million to 3 Billion daily paid to debt, it is great that President elect has said work begins immediately.
Work is cut out for the president elect and tax payers.
Celebration should be brief for a work posture.
Congrats president elect

Treasury chiefs project that Kenya will spend Sh1.36 trillion annually in the year starting July for debt repayment, up from Sh1.15 trillion in the current fiscal period.