Money - The Standard

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The Standard Group Plc is a multi-media organization with investments in media platforms spanning newspaper print operations, television, radio broadcasting, digital and online services. The Standard Group is recognized as a leading multi-media house in Kenya with a key influence in matters of national and international interest.

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Money

Is your money too little to do much?

Is there small money? And how much is that? What then should you do or not do if your money is regarded as ‘small’?

By Graham Kajilwa 2 days ago

Is your money too little to do much?

Want to eat into the bread market? Try sweet potatoes

Want to eat into the bread market? Try sweet potatoes

By Jennifer Anyango 2 days ago

Why millennials are struggling to save

Why millennials are struggling to save

By Graham Kajilwa 2 days ago

Let's be a nation of trust to save taxpayers money, time

Let's be a nation of trust to save taxpayers money, time

By XN Iraki 13 days ago

Flutterwave: Nigerian company in dirty cash probe not registered, says CBK

The company is on the radar of the Assets Recovery Agency for questionably huge volumes of money moved through the platform.

By Frankline Sunday 17 days ago

Flutterwave: Nigerian company in dirty cash probe not registered, says CBK

Voter bribery causing shortage of notes

CS Matiang’i noted that after elections, 40 people that will be elected are active players in money laundering and trafficking.

By Dominic Omondi 18 days ago

Voter bribery causing shortage of notes

Nigerian firms under Asset Recovery radar over transactions involving billions

Asset Recovery Agency has gone to court, seeking to have the funds declared as proceeds of crime and should be forfeited to the State. The companies say they are start-ups in legitimate businesses.

By Paul Ogemba 20 days ago

Nigerian firms under Asset Recovery radar over transactions involving billions

State ordered to release Sh100m seized from Nigerian in 2020

The Nigerian was flying Kenya Airways Flight No. KQ 535 from Lagos when he was intercepted at the central screen area within JKIA. He was on transit to Dubai.

By Kamau Muthoni 21 days ago

State ordered to release Sh100m seized from Nigerian in 2020

Kenya Kwanza using graft proceeds to woo voters, Raila says

Raila said his ideologies and those of Iria’s party were similar and that they would join hands to implement Iria’s manifesto under the Azimio government

By Boniface Gikandi 22 days ago

Kenya Kwanza using graft proceeds to woo voters, Raila says

Agency seeks to recover Sh5b from foreign firms

According to ARA, the three companies are suspected to have siphoned more than Sh25 billion into the country from foreign jurisdictions.

By Paul Ogemba 26 days ago

Agency seeks to recover Sh5b from foreign firms

Zoomers: The generation with no bank accounts

These individuals were born when every bit of technology that makes life easier is at its peak

By Graham Kajilwa 29 days ago

Zoomers: The generation with no bank accounts

An apple a day keeps the doctor and poverty away

The most common apple varieties in the country are disease-resistant ones such as Enterprise, Liberty, Gold Rush, Jona Free, Pristine and William Pride.

By Jennifer Anyango 29 days ago

An apple a day keeps the doctor and poverty away

Court freezes company accounts over Sh185 million theft in Turkana

EACC yesterday filed a suit to have the funds allegedly siphoned by Amailo Investments Ltd and five county officials forfeited to the state for being proceeds of corruption.

By Paul Ogemba 1 month ago

Court freezes company accounts over Sh185 million theft in Turkana

U.S. says 2 Congolese plead guilty to trafficking ivory, rhinoceros horn

Herdade Lokua and Jospin Mujangi were arrested in November last year before grand jury indicted them for conspiracy, money laundering, smuggling and legal violations for trafficking.

By Reuters 1 month ago

U.S. says 2 Congolese plead guilty to trafficking ivory, rhinoceros horn

Court freezes Sh45m in Nigerian firms' accounts

According to ARA, the Nigerian firms are shell companies incorporated in Kenya for purposes of taking advantage of the liberal financial system to launder funds.

By Paul Ogemba 1 month ago

Court freezes Sh45m in Nigerian firms' accounts

Freddy De Messel: Here's the record, showering Kenyan girls with millions is not money laundering

KBC Belgium confirmed monies emanated from the account held by Mesel with them. Other banks involved in the chain include JP Morgan Chase Bank. N.A and Deutsche Bank Trust.

By Nzau Musau 1 month ago

Freddy De Messel: Here's the record, showering Kenyan girls with millions is not money laundering

Fears of dirty cash as illegal betting firms turn to cryptocurrencies

Betting companies have now devised new ways of clandestinely operating in Kenya without paying taxes. They allow punters to transact using hard-to-trace cryptocurrencies.

By Dominic Omondi 1 month ago

Fears of dirty cash as illegal betting firms turn to cryptocurrencies

Half of Kenyans say mobile loans eroding their savings

Use of mobile money hit a historic high in December last year where Kenyans transacted Sh622 billion through mobile phones.

By Frankline Sunday 1 month ago

Half of Kenyans say mobile loans eroding their savings

Is there a higher purpose to work than just money?

Our life clearly has more meaning beyond chasing money for its own sake. And that meaning can only be satisfying and fulfilling if it’s for a higher and noble purpose.

By Graham Kajilwa 1 month ago

Is there a higher purpose to work than just money?

The psychology of a miser: Poor potty training blamed

Being a miser not only compromises health, nutrition which affects children's IQ, but also leads to low quality of life.

By Rosa Agutu 2 months ago

The psychology of a miser: Poor potty training blamed

How multi-sector partnerships spell the future for financial education

Access to healthcare and financial education may, at first, be unrelated but the pandemic has exposed the fragility of the current economic system when skills are lacking.

By Carl Manlan 3 months ago

How multi-sector partnerships spell the future for financial education

Matiang'i: Money launderers are buying their way to Parliament

Interior Cabinet Secretary Fred Matiang’i has questioned the sources of funding for some of the top politicians as the country heads in the August elections.

By Antony Gitonga 3 months ago

Matiang'i: Money launderers are buying their way to Parliament

Fred Matiang'i: 'Wash wash' suspects could flood parliament

Politicians linked to money laundering activities could swamp Parliament and hold elective seats if a lax in financial regulations continues, Interior Cabinet Secretary Fred Matiang'i has warned.

By Stephanie Wangari 3 months ago

Fred Matiang'i: 'Wash wash' suspects could flood parliament

Dead Kenyans leave Sh2 billion in their mobile money accounts

Unclaimed financial assets fund stands at Sh39.5 billion, says new report. It says 2,648 safety deposit boxes held by 17 banks remain unopened.

By Frankline Sunday 3 months ago

Dead Kenyans leave Sh2 billion in their mobile money accounts

Kenya is most diversified mobile money market

Kenya ranked second on consumers who used mobile money for savings at 33 per cent.

By Moses Omusolo 3 months ago

Kenya is most diversified mobile money market

Liquor outlet under investigation after customer lost Sh300k in suspicious mobile money transfers

Detectives in Murang’a are investigating a man and his staff at a liquor outlet after a customer lost almost Sh300,000 in suspicious mobile money transfers.

By Boniface Gikandi 3 months ago

Liquor outlet under investigation after customer lost Sh300k in suspicious mobile money transfers

Overcoming common obstacles to full-time entrepreneurship

Having the courage to go full time as an entrepreneur is a bold move.

By Simon Lovell 3 months ago

Overcoming common obstacles to full-time entrepreneurship

Trader to forfeit Sh300m proceeds of crime, anti-graft court directs

A businessman has lost more than Sh300 million after a court ordered that he forfeits the money to the State for being proceeds of crime.

By Paul Ogemba 4 months ago

Trader to forfeit Sh300m proceeds of crime, anti-graft court directs

Want bright kids? Give the mother more money

It's unclear whether the outcomes were because more money allowed mothers access to better food or health care.

By Nancy Nzau 4 months ago

Want bright kids? Give the mother more money

Telcos transacted Sh114tr via mobile money, says GSMA

Mobile money plays a key role in the daily lives of people and businesses.

By Jael Mboga 4 months ago

Telcos transacted Sh114tr via mobile money, says GSMA

Civil society groups accuse global lenders of ignoring graft

Some civil society groups have faulted international financing institutions for continually lending money to Kenya.

By Graham Kajilwa 4 months ago

Civil society groups accuse global lenders of ignoring graft

Kenyans sent Sh1.1tr via phones in three months

Mobile money deposits over the same period rose to Sh1.25 trillion, a 6 per cent increase and the highest in recent years.

By Frankline Sunday 4 months ago

Kenyans sent Sh1.1tr via phones in three months

Side hustle craze drives more Kenyans to loan apps for elusive capital

A new report shows more borrowers on the popular Tala app took loans to start or grow their businesses amid the rising cost of living.

By Graham Kajilwa 4 months ago

Side hustle craze drives more Kenyans to loan apps for elusive capital

Politics of money: ‘Honey, my money is mine, but yours is ours’

Money is a thorny issue in many romantic relationships. Joint accounts do not necessarily mean there will be harmony in the union.

By Graham Kajilwa 5 months ago

Politics of money: ‘Honey, my money is mine, but yours is ours’

Tax evasion? Mystery of missing Sh300 billion worth of China exports to Kenya

China data shows exports to Kenya were valued at Sh738.9 billion compared to Sh441.5 billion published by KNBS for the same period.

By Dominic Omondi 5 months ago

Tax evasion? Mystery of missing Sh300 billion worth of China exports to Kenya

Clergy split over Uhuru ‘dirty donations’ comment

Clerics in Kiambu yesterday differed on whether the President’s comment on church donation was uncalled for.

By Fidelis Kabunyi 5 months ago

Clergy split over Uhuru ‘dirty donations’ comment

Court freezes accounts of four in Sh330m case

High Court in Nairobi has frozen the accounts of a police officer and three individuals who were accused of stealing Sh330 million on transit.

By Paul Ogemba 5 months ago

Court freezes accounts of four in Sh330m case

Low-ticket investment product to deepen savings culture

Standard Chartered Bank has teamed up with Sanlam Investments to promote a savings culture with a new low-ticket Money Market Fund.

By Moses Omusolo 5 months ago

Low-ticket investment product to deepen savings culture

Should I? Expert answers your key money questions

Should I take a loan to buy a car? Should I save or invest? Should I borrow money from my partner? How much should I send my parents?

By Rose Kwamboka 6 months ago

Should I? Expert answers your key money questions

State tightens noose on money laundering as polls draw near

Banks to review and report suspicious activity on accounts that hold more than Sh28 million in assets.

By Frankline Sunday 6 months ago

State tightens noose on money laundering as polls draw near

Questions you should ask before investing

Choosing an investment product should be based on the goal you want to achieve.

By Forex Beginner 6 months ago

Questions you should ask before investing

Jackfruit: Giant fruit that can change your fortunes

Jackfruit grows best in deep, sandy loam to clay loam soils of medium fertility with good drainage.

By Jennifer Anyango 6 months ago

Jackfruit: Giant fruit that can change your fortunes

Turning a hobby into a business

Keep in mind that if this is a hobby, you don’t have to transform it into a full-time job right away.

By Pauline Muindi 6 months ago

Turning a hobby into a business

Bahraini national arrested with Sh110m in cash at JKIA

The foreigner, a Bahraini national identified as Khalid Jameel Saeed, was intercepted at JKIA with $975,000 (Sh110,760,000) in cash.

By Betty Njeru 6 months ago

Bahraini national arrested with Sh110m in cash at JKIA

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