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Financial Independence Through Passive Income

Achieving Financial Independence Through Passive Income

Financial independence is when you have enough income to cater for your living expenses without working. One of the routes to financial independence is through passive income, where you make money with very little time and effort by either engaging in activities or investments that do not require direct supervision or direct effort. For some …

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Tanzania President

Tanzania Set to Launch Central Bank Digital Currency (CBDC)

Tanzania’s central bank has announced intentions to launch its central bank digital currency (CBDC) amid the global rise and the increasing adoption of cryptocurrencies. The country’s Central Bank Governor Prof Florens Luoga made these comments while speaking last week at a two-day Conference of Financial Institutions in Tanzania held on 25th and 26th November 2021 which …

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Kenya Inflation

Kenya’s Inflation Declines to 6.45% in October Backed by Lower Fuel Prices

The inflation rate in Kenya, which measures the cost of living, slowed modestly to 6.45% in the month of October from 6.91% in September, the highest inflation rate in 19 months. Kenyans paid more for food and non-alcoholic beverages at 1.11%; housing, water, electricity, gas and other fuels; while paying less for transport due to …

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Image of NSE

Market Report; 29 June 2021

At the end of today’s trading session on the Nairobi Securities Exchange A total of 16,397,500 shares in 1,153 deals, corresponding to a market value of KES 428,421,114.00, were traded. Compared with the previous NSE trading day (Monday, June 28), today’s data shows 12% decline in volume, 32% decline in turnover, but 12% improvement in …

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