Make Money
Make Money is a podcast by Business Daily that explores the investing universe through conversations with financial experts. It covers various asset classes, return on investment factors, risks, and opportunities, aiming to educate listeners on how to grow their money even with modest monthly savings.
Episodes
Why diversification is the future of investing
Ahead of the annual Business Daily Investor Education Conference on May 29, Make Money speaks to Nahashon Mungai, the Executive Director, Global Markets at Standard Investment Bank (SIB), on why diversification is becoming central to modern investing. He explains how spreading investments across asset classes can help manage risk, improve resilience and position investors for long-term return
Risk and reward: Navigating the pain and pleasure of investing
Every investment return comes with risk, but where is the line between an informed decision and speculation? In this episode of Make Money, Stanley Mutuku, CEO of Lofty-Corban Investment Limited, discusses how investors can assess their risk tolerance, balance potential rewards against possible losses, and make smarter long-term investment decisions
ETFs explained: One investment, many assets
Investing often means spreading your money across different assets to reduce risk. But buying multiple stocks, bonds or commodities can be costly and complex. Exchange Traded Funds (ETFs) offer investors a simpler route by packaging several assets into a single investment product. In this Make Money episode, Richard Muriithi, Senior Portfolio Manager at ICEA Lion Asset Management, breaks down
Should I sell my bond now that prices are high?
As interest rates continue to fall, bond prices have risen, opening a window for investors to take profits. But is this the right time to sell?Christine Gatakaa, Head of Fixed Income Trading at Capital A Investment Bank, explains the relationship between interest rates and bond prices. She also breaks down how secondary bond markets work and what investors should consider before deciding whether t
Your Q1 investing scorecard: Gulf war, rate cuts and NSE grit
The first quarter of 2026 opened with a fresh external shock following the US-Israel war on Iran, adding to global market uncertainty.Despite this, the Central Bank of Kenya (CBK) has continued its rate-cutting cycle, signalling a supportive environment for investors.In this episode of the Make Money podcast, Teddy Irungu, Head of Research at Rock Advisors Investment Bank, breaks down the Q1 2026
The dividend play: How to make money from rising payouts
Dividends are becoming a central pillar of wealth creation, beyond share price gains. As listed firms, particularly banks, ramp up shareholder payouts, Make Money explores how investors can position for steady dividend income.AIB-AXYS Africa Senior Research Analyst Joseph Muriithi breaks down the mechanics behind dividend investing
Inside the KPC IPO: What investors learnt
The initial buzz around the Kenya Pipeline Company's (KPC) initial public offer has faded, and the stock is now officially trading on the Nairobi Securities Exchange. But behind the scenes, the first IPO in over a decade revealed a changing investor landscape. Rina Hicks, Operations Director at Faida Investment Bank, the lead adviser to the KPC offer, joins Make Money to dissect the offering.
Trading vs buy-and-hold: Where are investors leaving money?
Can you actually make money trading stocks or is buy-and-hold still the safest bet?For years, investors have been told to stick to long-term strategies, with frequent trading seen as risky and speculative. But recent market swings are challenging that thinking, showing how well-timed entry and exit can unlock value.In this episode, FourFront Management trading analyst Lilian Chege breaks down the
Beyond the money market: Is the pivot to special funds worth the risk?
As plummeting interest rates erode the appeal of "vanilla" assets like money market funds, investors are aggressively pivoting toward Special Funds in search of yield. But does a higher return always signal a smart play, or are investors overlooking the fine print? Wanjiru Gichuru, CEO of Pergamon Investment Bank, joins the podcast to break down the surge in special funds, the mechanics of se
The golden hedge: Navigating global volatility from the NSE
As geopolitics fuels market uncertainty, investors are turning to gold and silver as safe-haven assets. In this episode, Tito Namu of Absa Securities outlines the investment case for precious metals, unpacks the key drivers of price movements and explains how investors can access gold through the Nairobi Securities Exchange.
Bitcoin's latest crash: correction or death spiral?
Bitcoin, the world's largest cryptocurrency, is facing its most brutal credibility test yet. Prices have dropped by nearly half from the all-time high of $126,000 recorded in October 2025, rattling investors and reviving doubts about the durability of digital assets.Yet Bitcoin has survived several dramatic crashes before, each time staging a comeback that strengthened its supporters' belief in th
How shares trading was built on M-Pesa
In this episode, Theo Capital founder and chairman Eric Ruenji reflects on the first two years leading up to the launch of shares trading on the mobile money platform M-Pesa. He discusses the cold approaches to senior executives, the regulatory and operational hurdles, and the lessons learnt from developing the Ziidi Trader platform
Rating KPC's IPO: Is the Sh9 Share price a good deal for you?
After an 11-year listing drought on the Nairobi Securities Exchange, the Kenya Pipeline Company (KPC) is finally breaking the ice. Its initial public offering (IPO) is here, but with a Sh9-per-share entry point, is it cheap, or just affordable? How do you discern a good deal from the "froth" in the market? In this special episode of Make Money, Wesley Manambo, Senior Research Analyst at Stand
Why banks are racing for affluent clients
Commercial banks are aggressively pursuing affluent investors, using their cross-market expertise to position themselves as wealth managers, not just lenders. In this episode presented by Standard Chartered Bank Kenya, Ouma Orero and Khushboo Dhutia explore what defines an affluent investor, why banks are winning over traditional fund managers and how aspiring wealthy Kenyans can access wealt
Make Money in 2026: How to navigate risk and unlock next year's top returns
The year is coming to an end, but the market never rests. As the season wraps up, we turn our attention to the one question every serious investor is asking: Where exactly will the money be flowing in 2026?Macroeconomics analyst Stellar Swakei joins us to share a comprehensive, early outlook. In this episode, she will:• Explain the key macro-factors and risks that are about to redefine the investm
The 2025 investment scorecard: Where did Kenyan investors win?
As 2025 wraps up, Make Money takes a look at the wins of the year. We break down the top-performing asset classes and sectors and analyse the macroeconomic forces, policy shifts, and global trends that propelled their success.We are joined by IC Group economist Churchill Ogutu.
Black November: How to find investment bargains
November is synonymous with deep discounts, but the savings aren't just limited to electronics, appliances and groceries. For savvy investors, the 'Black November' season offers an opportunity to hunt for bargain investments.In this episode, Wesley Manambo, a Senior Research Associate at Standard Investment Bank (SIB), walks us through the essential process of identifying undervalued asset (a barg
Bubble or Boom? Decoding the AI-fueled market frenzy
The global market rally, largely fueled by Artificial Intelligence (AI), is showing classic signs of exuberance and over-valuation. Can this momentum in offshore markets like the US truly be sustained, or is a major correction on the horizon? For Kenyan investors, this is not just a foreign story — it affects an estimated Sh50 billion in local funds held in offshore securities. Jubilee Asset
Can AI replace your financial advisor?
Artificial Intelligence is transforming industries, boosting productivity while threatening to make some jobs obsolete. In this episode, we explore whether AI can truly replace human financial advisors. WealthPro Africa Founder and CEO Victor Marangu joins us to unpack how AI is reshaping investing, what it gets right, and where human insight still matters most.
Stocks 101: Your guide to open a CDS account and making your first trade
Local stocks have emerged as the top-returning asset class of 2025 by a significant margin (an accounting mile), reigniting massive retail investor interest in the Nairobi Securities Exchange.This episode is we break down everything you need to know to capitalise on this boom – from opening a CDS (Central Depository System) and trading account, placing the first trade, and understanding how the sy
NSE rally: Is it too late to invest?
The Nairobi Securities Exchange has recorded back-to-back gains of more than 30 percent in 2024 and again so far in 2025, buoying investor confidence and lifting portfolio values. But for those who stayed on the sidelines, is it too late to join the rally?In this episode, NSE Chief Executive Officer Frank Mwiti breaks down the key drivers of the market recovery, where fresh opportunities remain, a
The financial supermarket: Can your bank do it all?
Customers are no longer just looking for loans and savings anymore; they demand a one-stop shop for all their financial needs. This puts commercial banks under pressure to expand beyond their traditional roles and deliver a full suite of financial services. But can lenders evolve into true financial supermarkets?Moses Muthui, Director of Consumer Banking at Absa Bank Kenya Plc, joins us to discuss
The hidden cost of investing: How to stop fees from eating your returns
We all chase high returns, but what about the costs? Investment fees, commissions, and charges can quietly erode your gains. What's a reasonable cost of investing—and when do the charges start to hurt your portfolio?Lydia Muriuki, Senior Relationship Manager at Standard Investment Bank (SIB), joins us to pull back the curtain on these costs. She unpacks the different types of investment fees, how
The bonds ladder: How to get a monthly pay cheque
Did you know government bonds can give you a pay cheque every month? While the Treasury papers typically pay out interest just twice a year, smart investors use the bond laddering strategy for steady income each month.In this episode, we're climbing the "bond ladder" with financial advisor and founder of Azara Wealth, Belinda Kiplimo. She breaks down how to build a bond portfolio — a "ladder"— whe
The low-interest playbook: Where to invest your money now
The windfall returns of 2024 from Treasury bills, government bonds, and money market funds appears to have ended. With yields drifting lower, investors are being forced to rethink how they position their portfolios.Naomi Atera, a corporate finance analyst at Rock Advisors, says this means leaning into riskier asset classes, particularly equities listed on the Nairobi Securities Exchange.
Why more Kenyans are taking their money offshore
From being primarily consumers of global goods and services, Kenyans are increasingly seeking a stake in international capital markets. Ndovu Wealth Management Co-Founder and CEO Radhika Bhachu explains the growing appetite for offshore investments and how fund managers are adapting to this shift.
How we grew MMFs to Sh600 billion
Fund Managers Association chief executive officer Fred Mburu introduced the first Money Market Fund to Kenya back in 2003, 22 years later, MMFs which are part of collective investment schemes have nearly Sh600 billion assets. The industry pioneer reflects on what it has taken to grow the asset class and looks forward to the future
Can I still make money from the stock market?
Disenfranchised and bruised by a decade with little to no listings and falling share prices, many investors have chosen to stay out of the NSE and do not regard the stock market as a place to make money, but can one still make a return? Standard Investment Bank (SIB) Snr. Research Associate Wesley Manambo takes on the dilemma.
Hacking home ownership
Description: Your home will likely be the most valuable asset held over a lifetime. Steep land and property prices have however turned home ownership to be aspirational rather than a realistic goal. RentScore Africa Co-Founder and Chief Operating Officer Christabel Ojuok presents affordable home loans as the hack to home ownership.
Business Lessons from Willy Kimani
Jaza Retail Founder Willy Kimani details his journey jumping the ship from working for nationwide retailers Uchumi, Tuskys & Naivas to creating his own retail business. He shares his highs and lows founding and running a business after full-time employment
Why Kenyans are pivoting to business
Shrinking formal jobs and the desire for personal freedoms has pushed more Kenyans into starting their own businesses. More Kenyans are now founding their own businesses while starting an enterprise, ranks as the top financial goal. Tala Kenya General Manager Ann Stella Mumbi offers a deep dive of the entrepreneurial savvy Kenyan on this episode of the Make Money podcast
The place of insurance
Alfred Mathu, a lifelong financial advisor, discusses the place of insurance in investing including whether insurance equals investing and why insurance has traditionally been sold and not bought.
Is your money safe in Saccos?
Over seven million Kenyans have placed their trust in the Sacco movement relying on it for savings and credit. The Kuscco scandal has however shocked the system as Saccos stare at losses in the billions of shillings. This episode looks at the State of the Sacco movement from the lenses of Harambee Sacco chief executive officer Dr. George Ochiri.
Is the MMF party over?
Returns from unit trusts popularly known as MMFs have fallen over the last six months, testing the appeal of the asset class. But will investors stay in or seek alternatives? Etica Capital Co-Founder Kenneth Maina discusses the changing landscape for MMFs and fund managers
From Dreams to Wealth: Stanbic's Strategy for Success
How can you ensure that the wealth you create outlasts your lifetime? Head of Affluent Banking at Stanbic Bank Kenya, Doreen Ratemo discusses wealth management including strategies to deploy and common pitfalls.
Kenya's Mobile Telephony Market
Discover how Samsung Galaxy AI is setting the trend with the new Galaxy S25! Dive into our exclusive interview to explore the future of AI technology and how it's redefining the smartphone experience.
Earnings season
March presents the opportunity for NSE stocks owners to reap big from expected higher earnings in key sectors such as banking and enhanced dividends. What's on the cards? Wesley Manambo who completes a hattrick of appearances on the Make Money podcast chats-earnings season.
Infrastructure bonds unleashed
Capital A Investment Bank Senior Research Analyst Ronny Chokaa discusses the allure of infrastructure bonds (highest returns, zero taxes) in detail ahead of the close of February's IFB auction as Make Money the podcast returns for a fourth season
Building the future: Transforming Africa's construction industry with DEWALT's cutting edge technologies
Africa's construction industry is on the rise, yet challenges like skilled labor shortages, safety risks, and low electrification continue to hold it back. In this episode, Kepha Muiruri sits down with Umair Shahzad, Commercial Director at Stanley Black & Decker, to discuss innovative solutions powering the industry's growth. Discover how DEWALT's cutting-edge technologies are redefining produ
What music teaches us about money
From Alikiba's Mac Muga to Jay Z's Story of O.J. music has proven to go beyond just entertainment to dissertations on money and wealth creation. This episode brings out some of these lessons alongside guest DJ Kyembo
Green Banking: Absa's Vision for a Sustainable Future
In this special episode of the Make Money podcast, Zeynab Wandati, Nation Media Group's Sustainability Editor, engages in an insightful conversation with Charles Wokabi, Absa's Head of Sustainability and Corporate Affairs. Together, they unpack Absa's sustainability journey, highlighting the bank's ambitious commitment to planting 10 million trees by 2032, their progress of 700,000 trees planted s
Trading 101
The allure of minting millions from currency and commodities trading has been irresistible for most even as colossal pitfalls persist including account wipeouts and scams. FX Pesa Research and Market Analyst Rufas Kamau walks through the trading journey separating the wheat from chaff.
Should I keep my money in the bank?
Banks have swam in billions by paying little to nothing for customer deposits. An increasingly savvy consumer has however threatened to ditch the lenders and take their money elsewhere begging the question whether one should keep money in the bank. Faida Investment Bank Operations Director Rina Hicks looks at the pros and cons of banking your cash.
Hacking home ownership
Description: Your home will likely be the most valuable asset held over a lifetime. Steep land and property prices have however turned home ownership to be aspirational rather than a realistic goal. RentScore Africa Co-Founder and Chief Operating Officer Christabel Ojuok presents affordable home loans as the hack to home ownership.
How time influences your investments
Left alone, invested cash will grow in leap and bounds as compounding works its magic. However, many lack the patience, losing out on the gains of just staying at bay. Purity Wanjiru, Research Analyst-Financial Markets & Investments at Abojani Investments discussed the psychology of patience in investing and the power of compound interest
Does it still make sense to buy dollars ?
The Kenyan shilling has shed its lack-lustre display from last year, to record gains against the US dollar and other major world currencies. As the shilling becomes 'great again' is there a case for buying/investing in dollars? Senior Portfolio Manager at Jubilee Asset Management Limited Cliff Bakashaba probes.
Can I still make money from the stock market?
Disenfranchised and bruised by a decade with little to no listings and falling share prices, many investors have chosen to stay out of the NSE and do not regard the stock market as a place to make money, but can one still make a return? Standard Investment Bank (SIB) Snr. Research Associate Wesley Manambo takes on the dilemma.
When interest rates fall
The sweet returns on MMFs, bonds and fixed deposits have reached their peaks as interest rates move lower. IC Asset Managers Economist Churchill Ogutu discusses what a lower return means for your investment and how to navigate falling interest rates
MMFs: Who really needs a fund manager?
Money market funds (MMFs) and other unit trusts are booming, with over 1.2 million Kenyans investing and more than Sh254 billion in assets under management. But what makes these pooled investments like these so attractive? Investment advisor Belinda Kiplimo breaks it down—exploring how unit trusts work and the role of fund managers.
Government bonds: Risk-free or low risk?
Are government securities truly risk free? Nearly Sh800 billion of Kenya's Sh5.5 trillion government domestic debt is held by individual investors. With such significant exposure, concerns about a potential government payment default are becoming increasingly relevant. Despite the high returns offered by government bonds—outperforming all other asset classes—are we overlooking the risks? Have we i
What would you do if you had Sh500,000?
Pursue a postgraduate degree? Start a business? Invest? Juggling unlimited needs and goals with limited resources creates a challenging dilemma, where every choice carries an opportunity cost.Economist and lecturer at St Paul's University, Edward Kusewa, delves into the intricacies of investments amidst this very dilemma.
Buy now, Pay later-The A to Z of consumer credit
In this episode of Make Money podcast, we delve into the pros and cons of consumer credit through the lens of the Buy Now Pay Later movement. We discuss this trend, which has gained popularity in the purchase of electronics and consumer durables, with Lipa Later Country Manager, Claudine Gakundi.
Make your networks shape your net worth
Personal wealth is not just about your bulging bank accounts and a portfolio of assets held. Your networks make not only for new currency but also your net worth. In this episode of Make Money podcast, we speaks to 'the Queen of Networking' Sarah Karingi on how to build your networking currency.
Better Together: The Power of Group Investing
If you want to go fast, go alone. If you want to go far, go together. As the African saying goes, walking the investment journey in a fraternity pays higher dividends than doing it yourself. From diversification to shared insights, the collective intelligence of a group can take your investment strategy to new heights. Nancy Matimu, the Managing Director and CEO at Serrari Group, an EdTech ce
Career driven
Jobs will more often than not be definitive enablers to individuals financial outcomes and goals. However, navigating careers isn't a straight line; transfers, redundancies, boredom and dissatisfaction always lurk in the shadows. Careers coach Liz Uimbia speaks on navigating a topsy-turvy careers world
Loan and Behold: The art and science of borrowing
Bank credit, while crucially important for economic activity and growth in the private sector, has often been shunned, with many choosing to avoid it except for emergencies. In this week's episode of the Make Money podcast, Grace Muamba, a Regional Manager at Absa Bank Kenya, explores the merits of credit, guides on when to consider it, and offers insights on how to steer clear of bad credit.
Maximizing Your Side Hustles
Finding a secondary income has proved to be a hedge against reducing disposable income and lower net pay as inflation and increased salary deductions take a toll on workers.Nearly half of Kenyans are seeking additional employment opportunities and income sources to cope with the hard economic times. A recent Infotrak poll put the number at 45 percent of Kenyans. In this episode of the Make Money P
Where to make money in 2024
Geopolitical risks, external shocks and domestic concerns will continue defining the investment landscape in 2024.However, pockets of opportunities remain for deft investors.On this episode of the Make Money Podcast, Wesley Manambo, a Research Analyst at Standard Investment Bank discusses 2024 investment opportunities.
Making money work for you
'If you can't measure it you can't manage it'. Building healthy money habits will often means you dictate where your money goes and not let the money do the dictating. But, it's not just about restricting yourself; it's about making your money work for you!On this episode of the Make Money podcast, Amos Ngahu, a Financial Coach and founder of the Money Clinic shares his tip and tricks on tracking
Redefining money goals
As the dawn of 2024 unfolds, it's time to reshape your financial story! Join us on Make Money Season 2! Make Money podcast isn't just about numbers; it's about transforming your relationship with money.In our first episode, Excellence Life Coach Muthoni Muchai guides us through the empowering journey of redefining our money goals.
How Ken's wife's wake-up call led him to make money
In a world where financial struggles are all too common, everyone wants to make more money. The Monyonchos are no different. Ken Monyoncho's wife challenged him to reach for more — a higher income. The career civil servant set out on a mission to earn an additional income. Little did he know the journey would take him down a path he never expected — forming a personal finance management venture.To
Investor's Edge - Saccos
Initially conceived as a savings and loans vehicle, Saccos - Savings and Credit Cooperative Organisations - have transformed how people save, borrow, and invest. Millions of Kenyans have leveraged the expansive Sacco movement to not only make money but also build wealth, with thousands crediting their asset ownership to Saccos.Does the same hold today? Should you join (if you haven't yet) or keep
Kenya's black gold
Interest in land and properties investment is as old as the hills. With countless property advertisements on radio, television, newspapers and billboards, investments in the hard assets are as lucrative as it gets.Nevertheless, pitfalls are as common as opportunities, putting the odds of failure in real estate investing just as high as the gains.On this week's episode, the Head of Sales at Superio
Going offshore – cast your bread in many waters
"Ship your grain across the sea; after many days you may receive a return," so says the writer of Ecclesiastes 11:1.Investment opportunities are not limited to your locale. Are you interested in growing your wealth and diversifying your investments? Even if you are the "bird in the hand is worth two in the bush" type, you can learn smart investments and strategic planning. Let's exp
Taking stock of the market
The Nairobi Securities Exchange boasts of over 60 listed companies in 12 sectors including banking, manufacturing, investment and commercial services. On the fifth episode of the Make Money podcast, Research Analyst Solomon Kariuki gives a guided tour on stock investing and what it takes to make money from the NSE.
A cheque from government
What are the ins and outs of lending the government? What are the benefits of investing in government bonds and securities, and the potential risks involved?In this week's Make Money podcast, we delve into the world of Treasury bills and bonds with economist Churchill Ogutu breaking down how to make money from being a creditor to the government. Learn from his insights on the economic factors that
Baby Steps… Little is more
Have you put your money in a pooled fund or considered it but are unsure if it is the right choice? Collective investment schemes have become one of the most popular investing avenues, boosted largely by the minimum investment requirement, which is as low as Sh5.On the third episode of the Make Money Podcast by Business Daily Africa, Financial Planner Belinda Kiplimo explores the potential benefit
Myths about investing
There are many myths and misconceptions on investing that prevent people from getting started or making smart decisions. But fear not!In our second episode CPA David Mola King'oo separates fact from fiction. From overnight success, to not being wealthy enough, to being too young to start, King'oo de-clutters some of the widely held ideas about investing to help us make informed decisions.Listen in
Financial Fitness: Walking before you can run
On the debut episode of the Make Money podcast, Abojani Investments CEO and Co-Founder Robert Ochieng is our personal finance fitness coach who walks us through what it takes to be ready to make the first move towards making money, the changes required and the pitfalls to avoid.
