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ECONOMY-FINANCE

Sad News To Teachers And Civil Servants On Salaries As Uhuru's Govt Drops A Major Shocker

The Corona virus pandemic greatly affected very many people as some lost jobs, had to endure pay cuts and Suffered in very many ways. According to a report by the daily nation Newspaper, Civil servants, teachers and security forces will have to re-organise their budgets after taking a two per cent cut on their January payslips. The paycut will help in funding the government's newly founded pension and savings scheme called Public Service Superannuation Scheme (PSSS). For years the taxpayers have had to endure

  10 months ago ago
Sad News To Teachers And Civil Servants On Salaries As Uhuru's Govt Drops A Major Shocker

ECONOMY-FINANCE

Treasury to Finally Automate Pensions

Teachers and Civil Servants employed on permanent and Pensionable terms retire at 60 years of age.This is after mwai Kibaki gorvenment Increased the retirement age from 55 following a huge pension crisis the gorvenment faced then.

  9 months ago ago
Treasury to Finally Automate Pensions

ECONOMY-FINANCE

Provident Fund In Teachers Payslips Explained And When Will It End

As teachers get their January Salaries, something was confusing in their payslips. Many were wondering what Provident Fund is all about and when it will end. Teachers flocked various groups asking about it. A provident fund is a retirement fund run by the government. They are generally compulsory, often through taxes, and are funded by both employer and employee contributions. Governments set the rules regarding withdrawals, including minimum age and withdrawal amount. If a participant dies, his or her surviving

  10 months ago ago
Provident Fund In Teachers Payslips Explained And When Will It End

ECONOMY-FINANCE

Where The Money Male Teachers Have Been Contributing In WCPS Will Go After The Introduction Of PSSS.

Finally the government has made good it's threate of ending free Pension that has been in place since independence under pension act cap 189. All teachers and civil servants under the age of 45 are now funding their own pension in a move that hasn't gone down well with them as their payslips thin. The Phased Implementation of the scheme will see these essential service providers surender 2.5% of their Pensionable pay in the first phase and the same amount in second and third phase. By 2023, they will be contributing

  10 months ago ago
Where The Money Male Teachers Have Been Contributing In WCPS Will Go After The Introduction Of PSSS.

ECONOMY-FINANCE

Huge January PAYE Deductions Leave Teachers Under Pressure as a New Provident Fund Deduction Begins

The Teachers Service Commission is the sole employer of the Kenyan teachers.It registers the teachers and give them certificates of registration.The Commision has been steadfast in delivering the services to teachers.Currently,the Commision has embraced the digital delivery of services with 80% digitisation of its services.Soon,the commission will fully go digital.This means that the teachers have to possess smartphones for easier access to these services. TSC has been in the forefront in employment of teachers

  10 months ago ago
Huge January PAYE Deductions Leave Teachers Under Pressure as a New Provident Fund Deduction Begins

ECONOMY-FINANCE

Provident Fund: Teachers Lucrative Interests, Bonuses And Gratuities

The government has been trying to ensure that its citizens are well secured from the oppressions by some manufacturers and distributors of some essential commodities.Checks and balances have always been put in place to protect the consumers.However,some cartels have successfully evaded the trap by the government due to rampant corruptions in the country. Kenyan government workers have always cried foul of struggling to get their retirement benefits after successful retirement.This has always forced the old men

  10 months ago ago
Provident Fund: Teachers Lucrative Interests, Bonuses And Gratuities

ECONOMY-FINANCE

Good News to Parents and Students as Government Doubles Funding

The education sector in kenya has faced many challenges over the years. The failure to have a perfect curriculum that addresses educational needs of learners and the nation has largely compromised the competence of graduates that are churned out every year. Another challenge has been inadequate funding to fully implement educational programmes. The inability of parents to raise money to pay for these programmes has compromised the quality of the instructional endeavors. Another setback has been mismanagement

  9 months ago ago
Good News to Parents and Students as Government Doubles Funding

ECONOMY-FINANCE

What Will Happen To a Teacher's Pension Fund Incase of Dismissal or Resignation

Teachers across the country are set to begin week five in schools.The previous weeks have been successful with no cases of Covid 19 infections in schools.Education ministry in collaboration with the ministry of health have ensured that the situation becomes under control.The teachers employer has also told the teachers to be vigilant and take note of sick children in schools. The return of children in schools has not been without some distress.The learners have been brutal to teachers.This has led to the parents

  10 months ago ago
What Will Happen To a Teacher's Pension Fund Incase of Dismissal or Resignation

ECONOMY-FINANCE

How TSC Provident Fund Deductions Will Be Cushioned in July 2021 For Teachers

The teachers among other civil servants in the country are the biggest number of employees.TSC as a Commision has been the sole manager of all the Kenyan teachers.The Commision registered,employs and deploys all the teachers.Today,no school including the private schools is allowed to employ the unregistered teachers.Any school found doing this shall have contravened the laws. The Commision has always been promptly paying the teachers their salaries without a hitch.The digitisation of the services of the Commision

  10 months ago ago
How TSC Provident Fund Deductions Will Be Cushioned in July 2021 For Teachers

ECONOMY-FINANCE

How Kenya will build and fund an express way from Two major Cities.

(Photo courtesy: Google) Nairobi being the capital city it has the largest number of investors who import product from all corners of the world, roughly 60% of the imports. For one to move from Mombasa to the upcountry regions has to pass by Nairobi hence increasing the traffic of vehicles to and from Nairobi considering Mombasa is a tourist destination for both foreigners and local visitors. According to google the distance between the two cities is 493.7 km and it takes Kenyans an average of 8 hours

  10 months ago ago
How Kenya will build and fund an express way from Two major Cities.

ECONOMY-FINANCE

Investment; best way to grow your money in 2021

Many people lack a clear set out plan for the future years to come. Spending money is the easiest way to poverty, using money with no clear direction and no set out plan for beneficial investment. Many people do not know much about investment, the only known investment option for many people is the pension scheme given at work, while others run towards saving accounts in the hope to benefits from the little income from the small interest rates offered by banks. What a lot of people do not realize is that there

  10 months ago ago
Investment; best way to grow your money in 2021

ECONOMY-FINANCE

Requirements to retrieve funds from the Mpesa account of your loved one who has died

Mpesa is a mobile platform that enables one to send or receive money irrespective of the geographical distance. Since it's invetion, Mpesa has recorded the highest subscription in comparison to other mobile money platforms. For security purposes, one is always encouraged to keep his or her PIN a secret. On the other hand, lack of trust even among spouses, parents and children, siblings has seen a lot of money ' go to waste' especially when one dies. This is because, without the PIN of the deceased you cannot

  10 months ago ago
Requirements to retrieve funds from the Mpesa account of your loved one who has died

ECONOMY-FINANCE

Adjournment of a Special Session Due to Controversy Over The Allocation of CDF Funds

The Speaker of the National Assembly, Justine Muturi, has been forced to adjourn a special session due to controversy over the allocation of funds from the constituency fund.

  8 months ago ago
Adjournment of a Special Session Due to Controversy Over The Allocation of CDF Funds

ECONOMY-FINANCE

Kericho Self-Help Groups Receive Uwezo Fund Grants

Kericho Deputy County Commissioner Tobiko Nayioma and Kipkelion West Member of Parliament's PA represented Hon. Hillary Kosgei(Uwezo Fund Patron) during the issuing of Uwezo Fund cheques amounting to two million shillings which were given to twenty five self-help groups who qualified through vetting. Each self-help group received eighty thousand shillings for development as well as entrepreneurial expansion. About two weeks ago, several poor families across Kipkelion West Sub-County received donations from a

  10 months ago ago
Kericho Self-Help Groups Receive Uwezo Fund Grants

ECONOMY-FINANCE

Good News For HELB Beneficiaries As 2.9 Billion Is To Released By National Treasury Tomorrow

Learners in tertiary institutions and universities have been patiently waiting for the disbursement of the Higher Education Loan Board funds which has been delayed for a long time since they resumed studies in January 2021.

  9 months ago ago
Good News For HELB Beneficiaries As 2.9 Billion Is To Released By National Treasury Tomorrow

ECONOMY-FINANCE

10 Money Mistakes You Should Avoid At All Costs!

Money is a very delicate issue for many people. Many people instead of focusing on managing their money ,they only focus on earning more and spending. Here are some money mistakes you should try to avoid; 1.) Spending more than you make. We often fall into temptations to live in luxury. However, if your income can't cover any of these luxury costs, you will find yourself living from pay check to pay check. In order to grow financially ,you will create a budget to track your spending to avoid spending more than

  9 months ago ago
10 Money Mistakes You Should Avoid At All Costs!

ECONOMY-FINANCE

4 Ways To Trick Your Mind To Save Money

Saving money requires self-discipline and patience. But it is one of the important pillars of financial freedom. If you want so bad to save but can't, try the following tricks and be on your way to achieving your financial goals. Image|Courtesy 1. Automate your savings The beauty of automating your savings is that you do it once and forget about it. You can let apps do the work for you, where every month an app automatically deposits money into your savings. You do not have to do any work. This makes you save

  10 months ago ago
4 Ways To Trick Your Mind To Save Money

ECONOMY-FINANCE

County Creates Fund to Boost Trade

County Government of Busia through the department of Trade Investment, Industry and Cooperatives has started a two day induction for the Busia County Trade Development Loans Board. This follows the official inauguration of the Trade Fund Board Members by Busia Governor, H.E Sospeter Ojaamong on 8th February, 2021 with the aim of havingng a fund that will be friendly to men and women from the county engaging in small businesses. The meeting was meant to address some of the participants' expectations including,

  9 months ago ago
County Creates Fund to Boost Trade

ECONOMY-FINANCE

Youth Avoiding Uwezo Fund, MP Laments

Women, youth and people living with disabilities in Mbooni constituency have been encouraged to continue applying for government funds. Speaking during the issuance of Sh2.8 million Uwezo Fund to groups in the area, Mbooni MP Erastus Kivasu noted that residents, especially the youth, have been avoiding the money. The MP explained that the funds are made to uplift Kenyans' lives, calling on the youth to continue forming groups to benefit from the money. He noted that 12 groups have benefited from the Sh2.8 million

  10 months ago ago
Youth Avoiding Uwezo Fund, MP Laments

ECONOMY-FINANCE

Top 9 Smart Tips to Save Money in 2021

While it's true that enormous measures promote more significant savings, it's not always necessary to deprive yourself of serious expenses to receive real and sufficient savings. The most considerable and most continuous expense is that the one we make daily, within the small things that we generally don't stop to watch since they're a part of our lifestyle. Saving on routine expenses is extremely important for the domestic economy. These small surpluses will fill our mattress just in case of unexpected costs,

  9 months ago ago
Top 9 Smart Tips to Save Money in 2021