Author: Damaris Gatwiri

A hike percentage refers to the percentage increase in a value, such as a salary, product price, rent, or service charge. Calculating the hike percentage helps you determine how much an amount has increased compared to its original value. This calculation is useful for employees negotiating salary increases, businesses adjusting prices, and individuals tracking changes in expenses. Learning how to calculate a hike percentage allows you to understand the impact of an increase and make informed financial decisions. 1. Identify the Original Amount Start by determining the original amount before the increase. This could be your previous salary, the original…

Calculating expenses is an essential part of managing personal finances or running a business. Expenses represent the money spent on goods, services, or day-to-day operations over a specific period. By tracking and calculating your expenses accurately, you can create a realistic budget, identify unnecessary spending, and improve your financial planning. Learning how to calculate expenses helps you make informed financial decisions and maintain better control of your money. Identify All Your Expenses Begin by listing every expense incurred during the period you want to calculate, such as a week, month, or year. Include both fixed expenses, such as rent and…

Ending inventory, also known as closing inventory, is the value of the goods a business has remaining at the end of an accounting period. It is an important figure because it helps determine the Cost of Goods Sold (COGS), gross profit, and the value of inventory reported in the financial statements. Accurate ending inventory calculations also help businesses manage stock levels and make informed purchasing decisions. Learning how to calculate ending inventory is an essential accounting skill for business owners, accountants, and students. Determine the Opening Inventory Start by identifying the value of the inventory available at the beginning of…

A cylinder is a three-dimensional shape with two identical circular bases connected by a curved surface. The diameter of a cylinder is simply the diameter of its circular base, which is twice the radius. Knowing how to calculate the diameter of a cylinder is important in mathematics, engineering, construction, plumbing, and manufacturing. Whether you know the radius, circumference, or another measurement, you can determine the diameter using simple formulas. Understand the Diameter of a Cylinder The diameter is the straight-line distance across the circular base, passing through the centre of the circle. Since the cylinder has two identical circular bases,…

Apartment prices in Kenya continued to decline in the first quarter of 2026 even as the overall residential property market recorded steady growth, according to the latest Residential Property Price Index (RPPI) released by the Kenya National Bureau of Statistics (KNBS). The report shows that the average asking price of residential properties increased by 4.8 percent compared to the same period last year, largely driven by strong growth in the prices of standalone houses. Prices of standalone homes rose by 8.5 percent over the year, while apartment prices fell by 3.0 percent. The apartment price index dropped to 88.7 in…

The diminishing balance method, also known as the reducing balance method, is a depreciation method in which an asset loses a fixed percentage of its remaining book value each year rather than the original cost. This means the depreciation expense is higher in the early years of the asset’s life and decreases over time. The method is commonly used for assets such as vehicles, machinery, and equipment that lose value more rapidly during their initial years. Learning how to calculate depreciation using the diminishing balance method helps businesses prepare accurate financial statements and manage asset values effectively. Determine the Cost…

Calculating your daily rate from a monthly salary is useful when determining unpaid leave, leave pay, overtime, contract work, or deductions for days not worked. In South Africa, there is no single method prescribed for every employer, as the calculation may depend on your employment contract, company policy, or applicable bargaining council agreement. However, many employers use the number of working days in a month or the average monthly working days to determine a daily rate. Learning how to calculate a daily rate from a monthly salary helps you better understand your earnings and verify your payslip. Determine Your Monthly…

Cost of sales, also known as Cost of Goods Sold (COGS), is the direct cost of the goods a business sells during an accounting period. It includes the cost of inventory that has been sold but excludes indirect expenses such as marketing, rent, and administrative costs. Calculating the cost of sales is essential because it helps determine gross profit, prepare accurate financial statements, and evaluate business performance. Learning how to calculate the cost of sales formula enables business owners, accountants, and students to understand the true cost of generating sales. Determine the Opening Inventory Begin by identifying the value of…

Closing inventory, also known as ending inventory, is the value of the stock a business has remaining at the end of an accounting period. It is an important figure in accounting because it helps determine the Cost of Goods Sold (COGS), gross profit, and the value of inventory reported in the financial statements. Whether you run a small business or manage a large company, knowing how to calculate closing inventory helps you maintain accurate records and make informed financial decisions. Determine the Opening Inventory Start by identifying the value of the inventory available at the beginning of the accounting period.…

Pinning videos on TikTok allows you to keep your most important or popular content at the top of your profile. This feature is useful for highlighting viral videos, introductions, promotions, or content you want new visitors to see first. TikTok allows you to pin up to three videos to the top of your profile, and you can change or remove them at any time. Learning how to pin TikTok videos helps you organize your profile and showcase your best content. Open the TikTok App Launch the TikTok app on your smartphone and sign in to your account if you are…

The High Court has allowed the publication of an arbitration award in a long-running commercial dispute between Kenya Breweries Limited (KBL) and Jilk Construction Company Ltd over the construction of KBL’s brewery in Kisumu. In a ruling, Justice Francis Gikonyo lifted court orders that had stopped the award from being published since December 2024, saying the continued delay would undermine arbitration as an alternative way of resolving disputes. The temporary orders had prevented the publication and release of the arbitration award even though the arbitration process had been completed in 2024. KBL had argued that the arbitration process was affected…

Sparetech Trading Company Limited has been placed under receivership after Imperial Bank Limited (In Liquidation) appointed a receiver and manager to take control of the company’s assets and operations as part of efforts to recover money owed to the collapsed lender. According to a notice issued under the Insolvency Act, 2015, Kamal Anantroy Bhatt of Anant Bhatt LLP was appointed Receiver and Manager on April 17, 2026, with authority to manage the company’s business, assets and undertakings. The appointment transfers control of Sparetech Trading from its directors to the receiver, who will oversee the company’s operations and safeguard its assets…

Citibank Kenya has moved to the High Court seeking orders to stop investigators from summoning, questioning, arresting or prosecuting one of its employees over the approval of a $2.02 million (Sh261 million) loan to Kiru Tea Factory Company Limited. In a constitutional petition filed before the High Court, the bank is seeking conservatory orders to bar investigative agencies from taking action against the employee while the case is being heard and determined. According to court documents filed under HCCHRPET/E373/2026, the investigations relate to allegations that the employee negligently processed a credit application, leading to the approval and disbursement of the…

Electric bus manufacturer BasiGo will open three new electric vehicle (EV) charging stations in Meru, Nanyuki and Nyeri this month as it expands charging infrastructure beyond Nairobi to support the growing adoption of electric mobility across Kenya. The company said the new charging stations will serve electric buses, vans, trucks, passenger vehicles and other compatible electric vehicles, making inter-city travel more convenient for EV users. The announcement was made during the commissioning of a new EV charging station in Sabaki, Athi River, which BasiGo has established in partnership with Rubis Energy Kenya. BasiGo Chief Executive Officer and Co-founder Jit Bhattacharya…

Two retirement schemes managed by Equity Life Assurance have grown their combined assets to more than Sh900 million, reflecting increasing interest among Kenyans in saving for retirement. The company’s Individual Savings and Retirement Plan posted the strongest growth, with assets under management rising from Sh313 million at the end of 2024 to Sh796 million as of June 30, 2026. The scheme, which had 408 members at the end of 2025, delivered a 13.6 percent net return during the year. Equity Life’s Income Drawdown Fund also recorded steady growth. Its assets increased from Sh44 million at the end of 2024 to…