To get in touch with me please email gatwiri@kelliemurungi.com

Investing

This post is a third on a series about how to save for our kids’ education.  The first post looked at a savings account as a tool for accumulating savings and the second evaluated education insurance plans. There is consensus that when saving for the future, you should prioritize your retirement over your kids’...

The brochure is very compelling. It tells you that whatever your financial goal, an “insurance-investment” plan can help you accomplish it from as little as KShs 2,500 per month. This is a brochure for a typical insurance savings plan, whether it is for education, or general savings. They state that the insurance plan...

Over a year back when Safaricom announced that it would be launching a card specifically for government offices, I did wonder what the difference between Safaricom and other banks really is.  Yesterday, the company announced that it is piloting its debit card, designed as a Point of Sale (POS) payment card like the...

Over the last two years, Kenya Airways (KQ) has experienced huge losses  that are said to have been  caused by growing competition, poor fuel hedging contracts, poor management, reduced travel due to Ebola in West Africa and terrorism threats in Kenya. In 2015, the government loaned KQ Shs 4.2 billion which barely...

It is no secret that the government would like Kenya to have just a few big banks. The Finance Cabinet Secretary at the last budget reading proposed a 400% increase in banks’ core capital from Sh1 billion to Sh5 billion, aimed at forcing consolidation and acquisition of the smaller banks.  While he first disagreed with...

It is now becoming evident that the Chase Bank saga will end with an acquisition, which in my opinion is great for all stakeholders, especially the depositors whose money is still held by the bank. So far, we have 5 declared suitors; KCB (On Citizen TV last evening, their CEO hinted that there would be a deal by end...

Earlier today, I tweeted that  I am probably the only personal finance enthusiast (note, I did not say guru. I am no guru, no one likes gurus) who is not a fan of the stock market. As I sent that tweet, I was listening  a BBCWHYS episode where they were discussing the Chinese stock market meltdown. For the last 4...

The path to financial freedom is so simple: Track expenses for at least 3 months Use the information to create a budget Automate your savings Review your budget constantly Invest in areas where you will earn a reasonable return Avoid unnecessary debt. Anyone should be able to do that. Why is it that very few people...

In a previous post, I explained in simple terms why Apple resorted to issuing a corporate bond even with so much cash reserves. First let us recap on the basics of a bond. When a company issues a bond, it is borrowing your money for a certain period of time defined in the bond terms, and it agrees to pay you interest...

If you have been following financial news, you have probably seen Apple’s corporate bond announcement seeking to raise $6.5 billion for a share repurchase scheme. This seems puzzling because just a few days ago, we were all aghast at Apple’s huge cash reserves of $158 billion. So why is Apple issuing a bond? First a...