How to invest KES 1M in Kenya?
1M in an IFB yielding 15% will give you 150K per annum.
1M in a dividend king like BAT at the NSE will give you 151K per annum after taxes. (Current div yield of 15.9%)
1M in a MMF with an annual yield of 15% will give you a return of 133K after taxes.
1M in SACCO deposits with a div yield of 12% will give you a return of 114K after taxes
1M in SACCO savings with a rebate of 10% will give you 95K after taxes.
1M in the average rental property in Kenya (8% return from rental income, with 90% plus occupancy) will give you 75K after taxes.
1M in your bank savings account will earn you a very big ZERO in a whole year!
Elon Musk is a big believer in Inversion Thinking.
Not just Musk — Albert Einstein, Charlie Munger, and Marcus Aurelius too.
Here's what it is, how to use it, and become better at it:
07:43 #Ma3Route You were flagged by Kenya's Traffic police for speed above "their" limits on specific sections. You have prove from your App that you weren't speeding but their "faulty" machine says otherwise via @ricmuriithi
The Beirut explosion was equivalent to about 240 tons of TNT, roughly 10 times as great as the US military's "mother of all bombs" (MOAB) is capable of unleashing.
The blast produced seismic waves equal to a magnitude 3.3 earthquake.
Sadio Mane and his sister were both given birth to at home because there is no hospital in their village, Bambali in Senegal. He decided to built the first standard hospital in his village for his people.