CORONAH BLOGS

  How to Protect Your Savings from Inflation in Kenya Introduction Inflation erodes the purchasing power of money, making it crucial to protect your savings from its adverse effects. In Kenya, fluctuating inflation rates, rising living costs, and economic uncertainty have made it more challenging for individuals to maintain the value of their savings. Understanding how to safeguard your finances against inflation can help you achieve long-term financial security. This article explores the impact of inflation on savings and provides practical strategies to preserve and grow your wealth in Kenya. Current Economic Indicators Before implementing strategies to protect your savings, it is essential to understand Kenya’s current economic landscape and inflation trends. 1. Inflation Rate in Kenya Kenya’s inflation rate has been fluctuating due to various factors such as global economic conditions, exchange rate volatility, and changes in commodity prices. The Central Bank of Kenya (C...

  Top Five Investment Opportunities in Kenya for 2025 Introduction Kenya’s economy continues to present numerous opportunities for investors looking to grow their wealth. With advancements in technology, government incentives, and a rising middle class, several sectors are primed for investment in 2025. Whether you are a seasoned investor or a beginner, knowing where to put your money can make a significant difference in securing long-term financial growth. This article highlights the top five investment opportunities in Kenya for 2025, explaining why they are promising and how you can take advantage of them. 1. Real Estate and Affordable Housing Kenya’s real estate sector remains one of the most lucrative industries, particularly with the government’s continued emphasis on affordable housing. As urbanization increases and more people move to cities in search of opportunities, the demand for housing is set to grow. Why Invest in Real Estate? High demand for affordable and mid...

  Navigating the Finance Bill 2024: Impacts on Your Personal Finances Introduction The Finance Bill 2024 has sparked nationwide debate, as it introduces new tax measures and financial policies that will significantly impact individuals, businesses, and the overall economy. Understanding these changes is crucial for every Kenyan looking to manage their finances effectively. Whether you are a salaried employee, a small business owner, or an investor, this guide breaks down the major tax changes, the public response, and how the bill could impact your personal finances. Key Tax Changes in the Finance Bill 2024 1. Increased Value Added Tax (VAT) on Essential Goods One of the most controversial aspects of the Finance Bill 2024 is the proposed VAT increase on certain essential goods, including fuel, processed foods, and household items. This move is expected to raise the cost of living as businesses pass down the extra tax burden to consumers. 2. Income Tax Adjustments The bill in...

  Understanding the Social Health Authority (SHA): What Kenyans Need to Know Introduction The Social Health Authority (SHA) is a new initiative aimed at transforming healthcare accessibility and affordability in Kenya. With healthcare costs rising and millions of Kenyans still unable to afford quality medical services, the SHA seeks to bridge this gap by providing a structured, universal health coverage system. This article explores the SHA, its background, key features, registration process, and why it is crucial for every Kenyan. Background Kenya has long struggled with a fragmented healthcare system, marked by inefficiencies, high costs, and limited accessibility. The National Health Insurance Fund (NHIF) was the main government-sponsored health insurance scheme, but it faced challenges in coverage and sustainability. To address these issues, the Kenyan government introduced the SHA to enhance and expand healthcare financing. SHA is part of Kenya's broader vision to achieve...

The Future of Finance: Why Ethereum (ETH) is the Smartest Investment of 2025 Introduction: The Rise of Ethereum The financial world is rapidly evolving, and Ethereum (ETH) is leading the charge. With its smart contract capabilities , decentralized applications ( dApps ), and upcoming Ethereum 2.0 upgrades, ETH has become more than just a cryptocurrency—it’s the backbone of Web3 and the future of finance. 1. Ethereum vs. Traditional Finance: The Revolution Begins Ethereum’s blockchain technology is revolutionizing finance , eliminating the need for middlemen like banks and brokers. Instead of slow, costly transactions, Ethereum enables instant, borderless, and secure payments through DeFi (Decentralized Finance) platforms. Key Benefits of Ethereum Over Traditional Finance: ✔️ Lower Fees – Say goodbye to bank fees and wire transfer costs. ✔️ Faster Transactions – ETH transactions settle in seconds. ✔️ Decentralization – No single authority controls Ethereum. 2. The Sm...