Savings for Beginners
According to financial analyst Greg McBride, the biggest barrier to saving is not being in the habit of saving and the best way to get in the habit is to pay yourself first. Different people have different reasons to save, and different approaches depending on what…
New Car, Used Car
With the rise of the middle class in Kenya,more and more people can afford to live a more fulfilling life with most of the comfort that comes with it. So how do you make the decision when it comes to buying a car?
Bank of India Service Disruption
Bank of India in Kenya has given a notice to its clients that there will be disruption of services, mainly ATM services attributed to change of operating Software. The bank disclosed this in a public notice today. The notice read in part; “Our ATM services will remain…
Kenyan Traders Protest Presence of Chinese Hawkers
The Chinese, building roads, hotels, corporate leaders and hawking??
Africa's Economy Thriving on 'Influenced Spending'
As African economies grow, the growth is trickling down and people have more disposable income. Their spending patterns are being dictated and shaped through media and other influences as Africa ‘opens up.’ The middle class are on the rise.
Nokia Steps Up Smart Phone Competition
Nokia has stepped up its bid to reclaim the smart phone market in Kenya which has long been dominated by Samsung. Nokia has announced that the Nokia Asha Touch 311 smart phone is now available in Kenya. The Nokia Asha 311 is a compact touch screen device that…
CBA Posts 47% Profit Increment
Commercial Bank of Africa (CBA) has reported a profit increase of 47.1% for the six month period ending June 30th 2012. The bank made a profit before tax of KES 2.00 billion up from KES 1.36 billion the same period last year. The bank paid…
BOC Kenya profits rise 57%
BOC Kenya Limited has announced a 57.2% rise in half year pre-tax profits to KES 18.4 million for the six months ended June 2012 from KES 75.30 million the same period last year . The industrial and medical gases, welding equipment and consumables,…
Consolidated Bank Cuts Lending Rate
Consolidated Bank has announced that it will lower its base lending rate to 22.5% beginning September 1st. The bank’s decision to lower the base lending rate comes a month after the Central Bank’s Monetary Policy Committee lowered the CBR to 16.5% from 18%. The bank…
StanChart, DTB, NIC in Capital Raising Bid
Three commercial banks listed at the Nairobi Securities Exchange (NSE) are seeking to raise capital from the market totaling about KES 7 billion. Standard Chartered, Diamond Trust and NIC Banks are seeking to raise KES…
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