A financial literacy platform providing African youth with investment education, personal finance management training, and mentorship #finnacleke
Nairobi, Kenya
Joined December 2021
- Tweets486
- Following4.9K
- Followers4.4K
- Likes448
Wishing you and your family a #MerryChristmas 🎄🥳🎊
May the warmth of the season wrap you in love & may the coming year unfold with moments of happiness and fulfillment🤗
Here's to a beautiful journey ahead, surrounded by the love of family and God's grace🌟
#HappyHolidays
Money Market Fund (MMF) yields are on the rise due to the continued rise in returns from government securities. Currently, the average rate for the published MMFs (on Business Daily) is 12.48%
What return are you getting from your MMF? Does it reflect the published performance?
🔅We are within the 15-17% returns range on Treasury Bonds with latest bonds issues registering a return of 16.844% and 16.972%.
🎯The effects of the high CBK continue to be felt as higher cost of loans for individuals continue to bite. Banks have been raising their loan interest rates to reflect the current CBK rate.
📌Money Market Fund (MMF) yields continue to rise due to the increase in returns from government securities -Treasury Bills & Treasury Bonds- as investors continue to demand better returns given the concerns over debt sustainability.
👉Bad debt, on the other hand, involves borrowing for things that don't offer a lasting financial benefit or could potentially put you in a worse financial position, like borrowing to buy luxury items.
🎯It's important to carefully consider the potential returns and risks associated with borrowing before taking on any debt.
#finnacleke #gooddebt #baddebt #debt #debtmanagement #debtmanagementtips #liability #income #financialliteracy #financialfreedom
Ever felt baffled by all the financial jargon thrown around when talking about saving and investing? We get it!
More than 72% of Kenyans might not understand this financial jargon but let's tackle one big question together: What's the deal with inflation, and why does it matter?
What are the key factors contributing to Inflation?
There are several key factors that contribute to inflation, and they can be broadly classified into two main categories: demand-pull inflation and cost-push inflation.
Embracing simplicity in managing your money becomes increasingly important as you advance in life and financial situations become more complex.
