When you set a figure to invest each month and stay consistent, your money works for you.
⚡Monthly savings of Sh 5,000 in your SACCO will accumulate to Sh 366,000 in 5 years at an annual interest rate of 10% - if all interests and dividends are reinvested.
⚡Monthly savings of Sh 5,000 in a money market fund will accumulate to Sh 410,000 in 5 years at an annualized net interest rate of 12%.
⚡Monthly savings of Sh 5,000 in an MMF for 18 months will add up to Sh 100,000 that can be invested in an infrastructure bond with a 14% annual return. You will earn Sh 7,000 every 6 months until the bond matures.
⚡Monthly savings of Sh 5,000 in an MMF for 18 months will add up to Sh 100,000 that can be invested in NSE stocks eg. $KEGN will get you 10800 shares at Sh 9.10. This will earn you Sh 9700 dividend besides capital gains potential.
What exactly are we seeking in this world, people?
What a painful life. This was a commercial motorcyclist (okada rider) in Port Harcourt. People who steal motorcycles caught him and killed him. He had been missing for a long time, and later his body was found after it had decomposed into skeletal remains.
Oh Allah, grant us a good ending.
Not to sound delusional, but please pray for grace. Life isn't really about hard work. It's more about meeting the right people, grace, mercy, and favour.
Winnie can’t believe that her African uncle is bringing down everything her father built over the years, less than six months after his death. These are the typical tribulations orphaned children go through when uncles take everything left to them.