Author: Khusoko

Whether you have been a freelancer for a couple of years or just started your journey, you must have heard about freelancers falling prey to cunning scammers and opportunists. At worst, you may have been taken advantage of on some platform. As a result, many freelancers cannot trust even the best freelancing platforms. After all, no one wants their hard work to be tragically wasted. However, giving up your career as a freelancer is not the way to go. Here are some of the most reliable ways you can avoid freelancer scams. Look Up Your Clients If you are using…

The International Monetary Fund (IMF) has elected Kristalina Georgieva as its Managing Director for a second five-year term that commences on October 1st, 2024. She has been the fund’s managing director since 2019. “I am deeply grateful for the trust and support of the Fund’s Executive Board, representing our 190 members, and honoured to continue to lead the IMF as Managing Director for a second five-year term,” said Georgieva in a statement. “A more challenging global context demands an even more effective IMF. I will continue to devote all my energy to serve our members.” Ahead of next week’s IMF-World…

Agriculture is a fundamental pillar in the intricate web of global economies, providing sustenance, livelihoods, and economic stability.  In Kenya, agriculture directly accounts for 21.2 per cent of the country’s overall Gross Domestic Product and makes an indirect contribution of 27 per cent through its linkage with other sectors. The sector also contributes to at least 65 per cent of Kenya’s export earnings, with horticultural exports among Kenya’s key agricultural exports. Despite its immense contribution, this vital sector faces a myriad of challenges. The risks are ever-present, from unpredictable weather patterns to market fluctuations, threatening livelihoods and food security.  Moreover, post-harvest losses further exacerbate…

With the deadline for signing up for the Electronic Tax Invoice Management System (eTIMS) lapsed the Kenyan business world has moved to implement the new model, which heralds a profound transformation in tax compliance in the country. As is common with significant changes, confusion is rife. I will highlight some fundamental changes that eTIMs have occasioned and their business implications. The first significant change concerns how business expenses are treated for tax purposes. Traditionally, the deductibility of business expenses hinged on whether they were incurred wholly and exclusively to generate income. However, the new system introduces a stringent administrative layer,…

We can all agree that travel is an unpredictable adventure by its very nature.  While we embark on our expeditions in high spirits and with great expectations, unforeseen circumstances usually overshadow even the most meticulously planned trips.  Picture this: you are exploring the vibrant streets of downtown Dubai, only to find yourself with a sudden illness that requires medical attention. Without insurance, the burden of medical expenses can turn your dream vacation into a financial nightmare in a strange city and country. You must put travel insurance on your to-do list as you plan your next trip. This safeguard ensures…

Financial knowledge was a rare topic for most of us as children. It was simple: money was for grown-ups, period.  Over the years, the importance of financial literacy at an early age has become increasingly apparent. Many of us might have made different choices if we had had the knowledge to make informed financial decisions early on. Parents and learning institutions often focus on teaching children essential life skills such as reading, writing, and curriculum courses.  However, one crucial skill that is sometimes overlooked is the knowledge required in decision-making regarding personal finances.  Understanding the value of money and the…