Author: Damaris Gatwiri

Calculating a car installment helps you understand how much you are likely to pay each month before applying for vehicle finance. Your monthly repayment depends on several factors, including the purchase price of the vehicle, your deposit, the interest rate, the loan term, and whether there is a balloon payment. Learning how to calculate a car installment allows you to budget more effectively and choose a finance option that suits your financial situation. Determine the Vehicle Purchase Price Start by identifying the total purchase price of the vehicle you want to buy. If you plan to pay a deposit, subtract…

Calculating the building cost per square metre is one of the easiest ways to estimate the cost of constructing a house, office, or commercial building. This method helps homeowners, builders, and property developers compare construction costs and prepare realistic budgets. While the final cost depends on factors such as location, materials, labour, and the quality of finishes, calculating the cost per square metre provides a useful starting point. Learning how to calculate building cost per square metre helps you plan your construction project more accurately. Measure the Total Floor Area Begin by determining the total floor area of the building…

Value Added Tax (VAT) is often included in the total price of goods and services, making it necessary to calculate the amount excluding VAT for accounting, invoicing, and budgeting purposes. Determining the VAT-exclusive amount allows you to identify the original price before tax was added. Learning how to calculate an amount excluding VAT helps you prepare accurate financial records and better understand the true cost of a product or service. Confirm That the Total Amount Includes VAT Before calculating the VAT-exclusive amount, verify that the price you have is VAT-inclusive. You also need to know the VAT rate that was…

When the price of a product or service already includes Value Added Tax (VAT), you may need to determine the original price before the tax was added. This is useful for accounting, invoicing, budgeting, and business reporting. To calculate the amount before VAT, you need to know the applicable VAT rate and apply the correct formula. Learning how to calculate the amount before VAT helps you separate the tax from the total price accurately and avoid calculation errors. Confirm That the Price Includes VAT Before performing any calculation, make sure the amount you have is VAT-inclusive. If the amount already…

Vodacom offers dedicated WhatsApp Bundles that allow customers to send messages, make voice and video calls, share photos, videos, documents, and other media through WhatsApp without using their regular data bundle. These bundles are available to prepaid, top-up, and contract customers in various sizes and validity periods. You can purchase them through USSD, the VodaPay app, or participating Vodacom stores. Learning how to buy a WhatsApp bundle on Vodacom helps you stay connected with family, friends, and colleagues while managing your mobile data costs effectively. Make Sure You Have Enough Airtime Before purchasing a WhatsApp bundle, ensure you have enough…

Kenya Reinsurance Corporation (Kenya Re) is set to expand its regional footprint by opening new offices in Tanzania and Rwanda as it strengthens its presence across East Africa. The state-owned reinsurer has invited bids for the leasing of office space in Dar es Salaam, Tanzania, and Kigali, Rwanda. It is also seeking a consultant to support the establishment of a liaison office in Rwanda. According to tender notices issued by the corporation, the procurement process is part of its strategy to enhance operations and improve service delivery in the East African region. The tender for office space in Dar es…

Takealot Gift Vouchers are a convenient way to shop online or give someone the freedom to choose their own products. They are available in various denominations and can be purchased directly from the Takealot website. Once purchased, the voucher is delivered electronically and can be redeemed for eligible purchases on Takealot. Gift vouchers are valid for three years from the date of issue and can be used until their balance is exhausted. Visit the Takealot Website Open the Takealot website and navigate to the Gift Vouchers section. You can choose from fixed-value vouchers or select your own amount, depending on…

MTN offers SMS bundles that allow prepaid and eligible customers to send text messages at a lower cost than standard SMS rates. These bundles are available in different sizes and validity periods, making them suitable for occasional and frequent messaging. You can purchase SMS bundles using USSD, the MyMTN App, the MTN website, or participating retailers. Learning how to buy SMS bundles on MTN helps you save money while staying connected through text messaging. Ensure You Have Enough Airtime Before buying an SMS bundle, make sure your MTN prepaid account has sufficient airtime to cover the purchase. If your balance…

EasyEquities is a South African investment platform that makes it simple for beginners and experienced investors to buy shares, exchange-traded funds (ETFs), and other investment products. The platform allows you to invest in fractions of shares, meaning you do not need enough money to buy a whole share. Before investing, remember that share prices can rise and fall, and there is always a risk of losing money. Learning how to buy shares on EasyEquities can help you start building a diversified investment portfolio. Create and Verify Your EasyEquities Account Visit the EasyEquities website or download the EasyEquities app and register…

Repossessed cars are vehicles that have been taken back by banks or finance companies after the previous owners failed to keep up with their loan repayments. These vehicles are often sold below market value through auctions, dealerships, or financial institutions, making them an attractive option for buyers looking to save money. However, because many repossessed cars are sold as-is, it is important to research thoroughly and inspect the vehicle before making a purchase. Learning how to buy repossessed cars can help you find a reliable vehicle at a competitive price while avoiding costly mistakes. Find Reputable Sellers Begin by searching…

Rain is a South African mobile network provider that offers data-only and mobile voice plans with nationwide coverage. Buying a Rain SIM card is a straightforward process that can be completed online, with the SIM card delivered to your address, or through selected retail partners. Before purchasing, compare the available plans to find one that best suits your internet and calling needs. Learning how to buy a Rain SIM card helps you get connected quickly and start enjoying Rain’s mobile services. Visit the Rain Website Start by visiting the official Rain website to browse the available SIM-only and data plans.…

The Retirement Benefits Appeals Tribunal has temporarily suspended a directive issued by the Retirement Benefits Authority (RBA) requiring the trustees of the Standard Chartered Kenya Pension Fund to reassess pension claims filed by hundreds of former members, pending the hearing and determination of an appeal. In interim orders issued on July 14, Tribunal Chairperson Charles Mong’are Ongoto halted the implementation of a decision contained in a letter issued by the RBA Chief Executive Officer on June 15, giving the pension fund trustees temporary relief as they challenge the regulator’s directive. The appeal was filed by the trustees of the Standard…

Kenya has strengthened its position as East Africa’s leading financial hub after three of its banks were ranked among Africa’s 25 strongest lenders by capital in the latest The Banker Top 1,000 World Banks survey. The latest rankings placed KCB Group as East Africa’s best-capitalised bank after climbing 23 places globally to position 549. Equity Bank followed at position 573, while Co-operative Bank improved its standing to rank 842 globally. The annual rankings, compiled by the UK-based financial publication The Banker, measure banks based on Tier 1 capital, which is internationally recognised as the key indicator of a bank’s financial…

Ride-hailing and delivery company Uber is set to acquire Glovo Kenya as part of a global deal to buy Delivery Hero’s food delivery business in about 50 markets across Africa, Asia, the Middle East and Latin America. The transaction, valued at about Sh1.95 trillion, will see Uber take over several well-known delivery brands owned by Berlin-based Delivery Hero, including Glovo, foodpanda, HungerStation, talabat and Pedidos Ya. The acquisition includes Glovo’s operations in Kenya, Nigeria, Uganda, Morocco and several other countries. If approved by regulators, the deal will significantly strengthen Uber’s presence in Kenya by combining its ride-hailing services with Glovo’s…

MTN Group is one of Africa’s largest telecommunications companies and is listed on the Johannesburg Stock Exchange (JSE). Buying MTN shares allows investors to own a small portion of the company and potentially benefit from capital growth and dividends. Before investing, it is important to understand the risks associated with the stock market and invest according to your financial goals. Learning how to buy MTN shares can help you begin your investment journey with confidence. Choose a Licensed Stockbroker or Investment Platform To buy MTN shares, you need to open an account with a licensed stockbroker or an investment platform…