saving Stories

IOM encourages Eastleigh community to embrace digital finance for smarter money management
Abdirahman Khalif  |  May 26, 2025

Many residents in Eastleigh receive financial support from relatives abroad, and the event aimed to offer them practical information on safer and more...

Retirees to receive tax-free gratuity in major policy shift
Maureen Kinyanjui  |  Apr 30, 2025

Retirees will benefit significantly as all gratuity payments, whether in public or private pension schemes, will now be fully tax-exempt, ensuring dig...

New e-procurement system to fight graft, save Kenyans Sh50bn annually - Treasury
Lucy Mumbi  |  Apr 11, 2025

The E-GP system, launched on Monday, is designed to automate and streamline public procurement processes. It enables government agencies to handle pro...

Five KUSCCO officials charged with theft of Sh83 million released on bail
Maureen Kinyanjui  |  Feb 18, 2025

The five officials were arrested last Thursday in connection with a major financial scandal at KUSCCO, a key institution for savings and credit cooper...

State wants police to probe KUSCCO as report shows financial statements signed by dead auditor
Charles Adinda  |  Feb 12, 2025

The forensic audit conducted by PricewaterhouseCoopers highlighted non-performing loans and large-scale theft that have left the institution on the br...

Saccos regulatory agency releases list of institutions licensed to operate in Kenya
Maureen Kinyanjui  |  Jan 28, 2025

These saccos are said to have met the necessary regulatory requirements and are authorised to operate from January 1, 2025, to December 31, 2025.

CBK survey shows more Kenyans saving with NSSF to secure future in retirement
Maureen Kinyanjui  |  Dec 20, 2024

This growth is attributed to the full implementation of the NSSF Act, which was previously delayed due to a court injunction.This growth is attributed...

Pushed to the wall, Kenyans take up more loans as savings diminish
Alfred Onyango  |  Dec 04, 2024

Out of the total households surveyed, the trend shows a 7.9 per cent dip in the savings culture of Kenyans from 2021, the previous survey period, to d...

Refugees in Kenya now to access NSSF’s Haba Haba savings plan
Issa Hussein  |  Oct 30, 2024

The launch of the new initiative for the refugees comes after the ILO conducted research on the NSSF Haba Haba product.

Boda boda chairman highlights advantages of new savings trust for informal sector workers
Mary Wambui  |  Sep 10, 2024

The scheme will also be strengthened by the government through incentives to ensure sustainable and inclusive sector-specific saving schemes to achiev...

How chamas have helped women grow their savings despite some risks
Lucy Mumbi  |  Jul 07, 2024

Experts say the groups are a valuable resource for many women, providing a path to financial stability and success since the late 1990s

NSSF's Haba Haba savings plan gives hope to Kenyans in informal sector
Mishi Gongo  |  Jul 01, 2024

Haba Haba targets small-scale business people and those not formally employed, allowing them to contribute a small amount of money daily for their ret...

How women in Kwale are transforming chamas into great companies
Mishi Gongo  |  Jun 21, 2024

Saving groups or chamas have been a lifeline for many women in Kwale County, allowing them to educate their children, purchase property, and even star...

Alarm as millions of Kenyan workers risk old age poverty
Francis Ayieko  |  Jun 02, 2024

The Retirement Benefits Authority says seven out of 10 Kenyans in the labour market are likely to live in poverty after retirement.

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