Abacus is the result of over 10 years market experience and is licensed as a data vendor by the Nairobi Securities Exchange
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1. NTBS Push Up Cost Of Doing Business in the EAC
NON-tariff barriers demanded by regulatory authorities in East Africa contribute to high cost of doing business in the region's trade corridors, a new survey launched in Nairobi on Monday revealed. The survey by Transparency International Kenya and Trade Mark East Africa (TMEA) shows that regulatory authorities in East Africa demand large bribes from transporters and drivers along the transport corridors.
2. Sony at Greater Risk of Dying Than Panasonic
Panasonic Corp has a better chance than rival Sony Corp of surviving Japan's consumer electronics slump because of its unglamorous but stable appliance business of washing machines and fridges, credit rating agency Fitch said Friday. Fitch cut Panasonic's rating by two notches to BB and Sony three notches to BB minus on Thursday, the first time one of the three major ratings agencies have put the creditworthiness of either company into junk-bond territory.
3. Employers Want NHIF Fee to Await 2013 Poll
The Federation of Kenya Employers has said the new NHIF rates should wait until after the March 2013 election as it reads mischief. It has requested the Medical Services minister Anyang’ Nyong’o, who is at the centre of the saga, to revoke a gazette notice on the new rates “to pave way for open and free engagement with stakeholders on the desired changes.” FKE chairman Erastus Mwogera said current NHIF contributions that range from KES 30 to KES 320 have not been accounted for and the fund should first clear the matter by publishing statements of accounts.
4. State to Spend KES 5B to Restructure Telkom Kenya
THE government has injected KES 2.5 billion in Telkom Kenya and is pushing for reorganisation of the management team to include more locals, Finance Minister Njeru Githae said yesterday. Githae said that the government's move comes after the firm consistently posted disappointing results since takeover by France Telecom five years ago.
5. Embraer Asked to Set up Servicing Centre in Nairobi
The government now wants Brazilian aircraft maker, Embraer, to set up a servicing hub in Nairobi to serve airlines in Africa after Kenya Airways handed it the largest order on the continent.
Speaking while taking delivery of the latest jet from the Brazilian manufacturer, Transport minister Amos Kimunya said this will help support the national carrier in maintenance of the planes to ease the burden of having to ship spare parts and expatriates to Nairobi in repairs.
6. Plan to Grow Insurance Uptake Enters Counties
The government has moved in to increase the number of agency insurance in the counties in a bid to reach the majority of uninsured citizens. To effect this, the insurance industry regulator has started offering free basic education targeting 100 people in each county, in order to develop the underwriting capacities that is deficient in the rural areas.
7. Can a Payday Lending Start Up Use Facebook To Create a Modern Community Bank?
The company that wants to reverse this trend is a start-up payday lender. What’s even more improbable than that is how they plan to do it: By using your Facebook and Twitter accounts as factors to determine your creditworthiness.
LendUp.com, which launched last month, says it’s not like other payday lenders. Yes, the fees it charges — a little over $30 to borrow $200 for two weeks — are similar to what its competitors charge. This adds up to an annualized APR of just under 400%. And while its model doesn’t allow payday loan customers to dig themselves in deeper by immediately rolling that debt over into a new loan, it will let a customer take out another loan just four days later, which means “no rollovers” is pretty much just semantics.
8. How Fining Banks Can Fix Our Biggest Money Problems
Individuals don’t understand as much as they should about personal finance. That’s why we have government-supported financial education initiatives throughout the world, from Australia to the U.S. The hope is that one day more financially literate populations will help avoid future financial crises.
Big questions surround the effort to teach ordinary folks about money matters like debt, bank fees and retirement accounts. Should programs focus on students? Should they reach adults in the workplace? What programs work best?
Abacus is the result of over 10 years market experience and is licensed as a data vendor by the Nairobi Securities Exchange
| Email: | hello@abacus.co.ke |
|---|---|
| Tel: | +254 792 753 774 |