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Treasury to Sell a Three Years Mobile Bond – M-Akiba in March 2019, Here’s how to Purchase M-Akiba via MPESA or Airtel Money

Tuvuti Editorial Team
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Treasury to Sell a Three Years Mobile Bond – M-Akiba in March 2019, Here’s how to Purchase M-Akiba via MPESA or Airtel Money

The first time Kenya’s treasury offered bonds via M-Akiba back in 2017 under-performed terribly, the bond-sale wasn’t as successful as expected with a total sale of Ksh 247.47 million instead of expected KSh1 billion due to poor public awareness; three years later in 2019, M-Akiba is here with us again and it’s a matter of a few weeks till you have a chance to invest using your phone. According to Nairobi Securities Exchange (NSE) head of enterprise innovation Mr. David Waggema, the three-year bond will be reintroduced, allowing people to invest with an impressive return on investment of 10 percent tax free interest.

At the time when M-Akiba was first introduced in 2017, the country was already pre-occupied with upcoming 2017 general elections leading to lack of awareness by most Kenyans; however, this time round, Mr Waggema indicated they’ll be doing public education before it goes on sale. 10 percent tax free return on investment is ahead of the prevailing yield curve for similar tenured government paper.

How to Subscribe and Start Investing in M-Akiba

Before we dive into M-Akiba’s investment world, first here is what you need to know;

  • Unless you’re a Kenyan citizen who has attained the age of 18 years and above, you’re not allowed to participate in M-Akiba bond sale, and yes this includes teenagers who are busy building their future in schools or own a phone.
  • You must have a mobile money enabled phone; if you’ve got MPESA or Airtel Money activated on your device, then you are good to go.
  • The mobile based bond is guaranteed by the Government of Kenya.

To start investing, follow below procedure;

  • First, you’ll need to enroll to M-Akiba by dialing a USSD Code *889# on your phone
  • A pop up will appear on your phone requiring you to enter your preferred Personal Identification Number (PIN). Set your preferred PIN then press OK to proceed. This will be the default PIN for your transactions, therefore you’re advised to keep it a secret. However, if you need to reset of forgotten, press 0 and follow the prompts to set a new PIN.
  • Enter Your National Identity Number
  • Register to Participate in M-Akiba, after entering your National ID number, you will then be prompted to register by dialing 1.
  • Accept the terms & conditions of M-Akiba by pressing 1 for YES.
  • If successful, you will receive notification from your mobile service provider confirming of your successful submission.
  • The confirmation message will have your M-Akiba Account Number, Your Name and the activation time & date of your M-Akiba Account. To proceed with trading, dial *889# on your phone and follow the prompts.

Taxify drivers to own Renault KWID cars from Simba Corporation through 100 percent stanbic bank financing

Tuvuti Editorial Team
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Taxify drivers to own Renault KWID cars from Simba Corporation through 100 percent stanbic bank financing

Taxi hailing service – taxify has inked a deal that will see drivers on its platform with a higher rating qualify to own their own cars through 100 percent financing from Stanbic bank. Drivers will be able to purchase Renault KWID cars from Simba Corporation through a financing arrangement that will allow them repay loans within a period of 36 months. The agreement will also extent to include a 25 percent discount on parts replacement, 20 percent discount on labor related charges as well as AA rescue service in case of emergency.

While speaking at the launch event, Taxify’s country manager to Kenya Mr. Alex Mwaura said the company was always striving to meet growing needs of riders to access reliable transportation while at the same time creating jobs for drivers. He also acknowledged various challenges experienced by drivers on its platform. For instance, owning a car upfront for drivers can take some serious investments and savings; hence, most drivers prefer leasing vehicles instead. Therefore, this initiative will enable drivers not only access a feasible and cost-effective way to own cars, but also offer an easier way to provide income for themselves and their families as well, he added.

The Renault KWID cars and Suzuki Alto are favored by drivers as their engine capacity is not as demanding, which allows them maximize on profits by reducing fuel costs. The KWID for example has an engine capacity of 800cc and is estimated to consume an approximate fuel efficiency of 24km per liter. KWID was first unveiled in Kenya in 2016.

Competition in the taxi industry has become more stiff since major providers such as Uber and Little launched in the country; Uber for example has had a similar initiative for drivers on its platform since 2017. Just recently, Uber unveiled UberASSIST to serve the disabled and elderly riders. There are several advantages of owning a car with these taxi services rather than leasing, Uber partners for example impose a daily target that drivers must meet. This is a bummer especially on not so good days, which means drivers sometimes have to dig in their own pockets to pay up. Drivers literally have to split their earnings with the company (which takes a percentage) as well as car owners.

How Taxify Drivers Can Own a Renault KWID car Through 100 percent Stanbic Bank Financing

  • Drivers must have a 4.7-star rating or better
  • If you meet the required rating, you can sign up for the initiative which will attract monthly instalments of Sh43,000 inclusive of insurance for the vehicles valued at Sh1.2 million for the manual version and Sh1.1 million for the automatic type
  • And of course drivers must have been using Taxify’s taxi hailing service

The Kenya Youth Employment and Opportunities Project (KYEOP) Applications Are Now Open, here is How to Apply online

Tuvuti Editorial Team
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The Kenya Youth Employment and Opportunities Project (KYEOP) Applications Are Now Open, here is How to Apply online

The Kenya Youth Employment and Opportunities Project aims to empower and uplift the well-being of unemployed youths in Kenya who have basic level of education either high school, primary or never been to school by equipping them with essential training, internship and business grant opportunities. This project caters for youths aged between 18 to 29 by giving them opportunities to attain various skills training and get entrepreneurship support.

Unemployment is a major menace that’s been bedeviling young people in Kenya who find it difficult to survive in a cut throat economy that only favors the rich, the situation is even worsened by lack of exposure in a country in which almost every employer requires an experienced employee.

Kenya Youth Employment and Opportunities Project Training Areas

The project consists of various categories that favor those with formal technical training; which include a bunch of courses such as Information Communications Technology, Catering, Fashion Design, Hairdressing, Solar PV Technology, Welding, Dressmaking, Plumbing, Mechanical Operations and Oil Pipeline Operation.

Other opportunities include those interested in Baking, Painting and Decorations, Plant Operation, Electricals, Horticulture, Waste Management, Mechanics, Beauty Therapy, Firefighting, carpentry and Food Processing. In addition, youths can as well choose to be trained by master craftsmen in areas of event planning, bead making, weaving, Agribusiness, Welding and metal fabrication, handicrafts and woodwork.

Youths can also engage in mechanics, hairdressing, Agro-processing, cleaning services, leather work, shoemaking, panel beating and spraying, dressmaking, landscaping, photography, fashion design, painting and catering.

How to apply for the Kenya Youth Employment and Opportunities Project (KYEOP) Vacancies

Youths can apply for this project online at http://mis.kyeop.go.ke as long as they meet below criteria;

Requirements for Applicants

  • Of course the first requirement if for you to be considered youth preferably aged between 18 to 29 years.
  • Must have an ID (a Kenyan citizen).
  • Should be able to provide proof of education level reached i.e. Form Four certificate.
  • Currently Unemployed.
  • Applications must be within advertised period i.e Cycle 3 applications are ongoing until February 4th 2019

Kenya’s Population Census Slated for this August 2019 will be Digitized, Personnel to be Recruited at Sub-County Level

Tuvuti Editorial Team
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Kenya’s Population Census Slated for this August 2019 will be Digitized, Personnel to be Recruited at Sub-County Level

Kenya’s long awaited census slated for this august will be digitized to improve on the quality and accuracy of data collected. While warning politicians not to politicize the exercise, Treasury Cabinet Secretary Henry Rotich said utterances by politicians are likely to compromise the two-day exercise that’s expected to take place on August 24th and 25th, 2019. Instead, the cabinet secretary urged politicians to raise their concerns after its completed.

Digitization of the 2019 Kenya’s population census follows recommendations by the United Nations and comes with a set of inbuilt checks, correction of inconsistent responses and cross-validation with other records according to the Cabinet Secretary. The Kenya National Bureau of Statistics is mandated to carry out the exercise that provides statistical information on the size, distribution, and characteristics of Kenya’s population.

Quality and timely results as a results of digitization

The process will involve additional key indicators such as fertility, mortality, labor, education as well as people living with disabilities. “This information will enable the government to plan its spending based on socio-economic and demographic status,” said CS Rotich.

At the same time, the cabinet secretary downplayed concerns raised by some politicians who claimed the census exercise to be more expensive compared to amount spent by other countries in the region. This exercise is expected to cost tax payer’s a whooping Ksh18.5 billion, which Rotich says meets international standards.

This year’s census will also focus on Agriculture and household incomes and by digitizing the process, Kenyans are expected to get timely release of Census results. The Kenya National Bureau of Statistics (KNBS) will spend Ksh 10 billion on buying bio metric equipment for data collection while Ksh 8 billion will be allocated on hiring and training staff. Additionally, a total of 165,000 tablets that will be used in the exercise, will be procured from the Jomo Kenyatta University of Agriculture and Technology (JKUAT) and Moi University.

Kenyans should ignore fake enumerator jobs for 2019 census

Kenyans have also been cautioned against fake job adverts for enumerators and are advised to wait for the vacancies to be advertised sometime in June at sub-county level.

The New Kenyan Smart Driving License Application Process at The National Transport and Safety Authority (NTSA)

Tuvuti Editorial Team
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The New Kenyan Smart Driving License Application Process at The National Transport and Safety Authority (NTSA)

After the National Transport and Safety Authority (NTSA) issued a new directive allowing Kenyan driving license holders to book for the new smart license online starting January 24th 2019; license holders will be able to book for the new smart cards through their TIMS accounts. Just like many government services available online via the TIMS portal, the process shouldn’t be complicated, although drivers are highly advised not to share their login credentials as this could lead to malicious attempts on their accounts.

To book for the new smart driving licenses, drivers are expected to use their Transport Integrated Management Systems (TIMS) account at  www.ntsa.go.ke. In case you need assistance, NTSA suggests you visit one of their nearest offices located at MVI Likoni Road (Nairobi), Nakuru, Mombasa (Imara Building), Kisumu, Kisii, Machakos, Eldoret, Thika and Nyeri. According to NTSA, an invoice of Ksh. 3,050 will be generated during the application process by the system, and the payment should be made online. After making the payment, an NTSA official will take a digital picture, the applicant’s biometrics, and their digital signature after which, you’ll be advised when to collect your Smart Driving License.

Here is how you can apply for the new Kenyan smart driving license

  • The application process is done online via the Transport Integrated Management Systems (TIMS); therefore, you’ll need to create an NTSA TIMS account if you don’t have one already.
  • You’ll need to visit NTSA physical offices at above locations to proceed with the application process.
  • After an NTSA agent confirms your details on their system, these details include biometric details such as blood type etc.
  • If you did not book the license online or haven’t made the payment, you’ll be required to make a payment of Ksh. 3,050 for the new smart Kenyan driving license via M-Pesa.
  • More details including biometric identifications and signature will be taken and a passport photo as well.
  •  Your license will then be sent for printing.
  • After you’ve been successfully validated, you’re good to go.

How to make your National Social Security Fund (NSSF) Contributions through MPESA Paybill Number

Tuvuti Editorial Team
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How to make your National Social Security Fund (NSSF) Contributions through MPESA Paybill Number

Talk of revolutionizing utility bills payments and transfer of cash from one entity to another, MPESA and other mobile money transfer services have had undisputed impact on just about everything here in Kenya. Unlike a few years back when we had no option but visit banking halls that were plagued by long queues especially during peak seasons such as back to school to carry out the simplest cash transaction. Members of the National Social Security Fund (NSSF) can now make their voluntary contributions through MPESA, just as they would be using any other paybill service.

For those who are formally employed, it’s highly probable contributions are deducted by your employer and this service might not be for you; however, if you’re self-employed and make NSSF contributions individually, using MPESA will radically simplify the whole process and spare you all the inconveniences associated with vising banking halls.  

For those who have used the LIPA NA MPESA service before, this will be a breeze, just as you would make payments for services like paying your electricity bill, purchasing airtime for Telkom number, pay TV or internet subscription –  the process is quite similar. All you need is to replace the Paybill number and account number while making the transaction. The National Social Security Fund (NSSF) official MPESA PAYBILL NO is 333300, and the account number should be your NSFF number – this is usually the number which NFFS issues when you register.

How to make your National Social Security Fund (NSSF) Contributions through MPESA PAYBILL NUMBER 333300.

Before you start the process, you’ll need to make sure your MPESA balance is sufficient, that is if you don’t intent to utilize the fuliza mpesa overdraft facility. Even with fuliza, you’ll still need to be within your maximum limit when contributing.

  • Head over to your “MPESA” menu on your device and select “LIPA NA MPESA”
  • Enter the National Social Security Fund (NSSF) Business number – which is 333300
  • Enter your National Social Security Fund (NSSF) Number as the account number such as “3333445555”.
  • Enter the amount you intent to contribute
  • Enter your MPESA PIN then send
  • You’ll receive a confirmation text message of the transaction from MPESA
  • Now check your National Social Security Fund (NSSF) account via NSSF self-service portal, it should reflect within 48 hours, this process is not instant.

How to Purchase Telkom Kenya airtime through M-PESA Paybill for your Mobile Number

Tuvuti Editorial Team
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How to Purchase Telkom Kenya airtime through M-PESA Paybill for your Mobile Number

Telkom Kenya has had some of the best cellular rates for a while now in comparison to Safaricom, they boast some of the best data, voice and text bundles in the country and at some point, I jumped on the bandwagon, not completely but it’s good to have a cheaper alternative that comes in handy. Besides what I’ve seen on their aggressive adverts, I’ve learned a lot on the provider’s services, I was for example really impressed just how easy it was to purchase airtime directly from MPESA – and it’s instant.

If you’ve used MPESA’s LIPA NA MPESA service to pay for bills such as electricity, pay TV or internet, the process is exactly the same. All you need to replace is the Paybill number and account number and all will be a breeze. Telkom Kenya’s official MPESA PAYBILL NO for airtime top up through Safaricom’s MPESA is 777711, and the account number should be your Telkom number.

Here is How to Purchase Telkom Kenya airtime through M-PESA Paybill No 777711

First of course you need to have sufficient balance on your MPESA account, or utilize the fuliza mpesa overdraft facility in case you’re within your maximum limit. I’ve purchased twice for Ksh.50 and only charged Ksh.1 as transaction fee by MPESA.

  • Go to your “MPESA” menu on your device and select “LIPA NA MPESA”
  • Now you’ll need to enter the Telkom Kenya Business number – which is 777711
  • Input your Telkom mobile Number as the account number such as “0771000000” or “0202000000” if it has a landline prefix
  • Enter the amount for airtime you intent to purchase
  • Enter your MPESA PIN then send
  • You’ll receive a confirmation text message of the transaction from MPESA as well as on your Telkom mobile phone.
  • Now check your airtime balance by Dialing *144# it should reflect as the process is instant.  

How to pay your National Hospital Insurance Fund (NHIF) penalties through M-PESA for self-employed Kenyans

Tuvuti Editorial Team
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How to pay your National Hospital Insurance Fund (NHIF) penalties through M-PESA for self-employed Kenyans

Are you self-employed and in urgent need to settle your NHIF penalty before it’s too late? Well the process couldn’t be easier, especially after the insurer unveiled an M-PESA option to do the same. The National Hospital Insurance Fund is a government owned institution with a mandate to offer insurance cover to Kenyans. Just like most insurance companies, those who subscribe to the NHIF cover (probably anyone who’s currently employed and a few self-employed Kenyans), must contribute on a monthly basis for the cover to remain active. Those who are employed probably need not worry about penalties as in most cases, these contributions are done by the employer.

However; for self-employed Kenyans, the situation is totally different. There are various variables that come into play, for example, you might not have cash to pay for your monthly premiums in time or if it accidentally slips your attention before the deadline which is 9th of every month. It’s also important to note in case you’ve missed to send in your monthly contribution, you’ll not be able to access the cover until these penalties have been paid.

I’ve compiled a simple guide on how self-employed Kenyans can pay for their National Hospital Insurance Fund (NHIF) penalties through M-PESA, the process is very simple and no different from the common LIPA NA MPESA transactions for those who have used them.

How to pay your National Hospital Insurance Fund (NHIF) penalties through M-PESA

Monthly penalty for not paying on time is Ksh.250 and can be paid through M-PESA using below simple steps;

  • Go to your “MPESA” menu on your device and select “LIPA NA MPESA”
  • Enter the NHIF Business number – which is 200222
  • Type in your ID Number as the account and put “y” at the end so the transactions could be treated as a penalty i.e (22997848y)
  • Enter Ksh.250 for the month defaulted
  • Enter your MPESA PIN then send
  • You’ll receive a confirmation text message of the transaction.
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