Muyela Roberto

2 weeks ago | biznakenya.com | Muyela Roberto

Have you ever felt guilty for not being able to help a family member or friend in financial distress? Or worse, have you borrowed money just to support a relative facing an emergency? That call or text saying “Bro/siz, pliz niokolee aki” is common and usually leaves many with a lot of guilt, even when they genuinely can’t help. In Kenya and across Africa, black tax, the financial expectation placed on individuals to support their families, is deeply ingrained.

2 weeks ago | biznakenya.com | Muyela Roberto

Many people believe that a higher salary is the ticket to financial freedom. However, the story of a 33-year-old senior software consultant earning Sh 623,400 per month paints a different picture, one where a seemingly enviable income is not enough to stay afloat financially. According to personal finance expert Jane Ndichu, who recently highlighted the case in a LinkedIn post, the consultant found himself with a monthly budget deficit of Sh 10,000 despite his six-figure earnings.

2 weeks ago | biznakenya.com | Muyela Roberto

The Betting Control and Licensing Board (BCLB) has issued a sweeping ban prohibiting local celebrities, influencers, and content creators from appearing in any form of gambling advertisement. In a statement released to the public on Friday, May 30, the board said the move is part of a broader crackdown aimed at promoting responsible gambling and protecting vulnerable groups, especially youth and minors, from the potential harms of betting.

2 weeks ago | biznakenya.com | Muyela Roberto

Equity Bank CEO James Mwangi has commented on the recent move by the US government to freeze student visa applications across all US embassies and consulates. The decision, announced by Secretary of State Marco Rubio, has stirred global concern, particularly in Africa, where many top-performing students dream of studying in American institutions. The directive halts visa interviews for international students while the U.S. implements stricter social media vetting protocols.

2 weeks ago | biznakenya.com | Muyela Roberto

“If you’re not financially free, do not attempt to buy a new car. ? What for?” This was the blunt opening to a TikTok video by financial advisor Mwathan Njoroge, who minced no words in explaining why buying a brand-new vehicle might be the worst money move you could make. In his viral clip, Njoroge laid down seven brutally honest reasons why he thinks purchasing a new car is financially reckless, especially if you’re still hustling toward financial freedom. “Depreciation hits instantly.