Mortgage Brokerage: Fact or Farce?
After a long day's work, going home, your own home is probably one of the most fulfilling thing most people would want to experience in their life time. With the growing rate of urban dwelling, the traditional idea of establishing a home in ones ancestral village is fast fading out.
Young Entrepreneurs Take Real Estate Head On
A group of four young entrepreneurs have bet their fortunes on the lucrative real estate sector, creating a 30-home multi-million development, Sigona Valley, as an exclusive gated community located in a serene environment in West Nairobi. In their late 20s, Kiminiti Wanjari, Ian Kahara,…
KRA's Revenue Collection Grows 78.2% in 5 Years
Kenya Revenue Authority (KRA) has grown its revenue collection over the past five years by 78.2% to KES 707.3 billion in 2012 from KES 397 billion in 2007. The revenue collection by the tax man has been growing year-on-year with Financial year 2010-2011 witnessing the largest…
Safaricom Launches Wakenya Tuongee Promotion
Mobile operator Safaricom has introduced a new promotion that will see customers enjoy discounts of up to 75 per cent on on-net calls. The promotion dubbed Wakenya Tuongee, comes at a time when Safaricom is facing stiff competition from rival operators and the company says it wants…
Government Signs Deal For Solar, Diesel Power Generation Plants
The government of Kenya on Saturday signed agreements with Chinese firms for development of new power production plants in Kenya. The agreements signed in Nanchang, China include a Memorandum of Understanding (MoU) with China Jiangxi Corporation for International…
China Loans Kenya 6.1B for Fibre Optic Development
The Chinese Government has extended a concessional loan to Kenya of USD 72 million (KES 6.12billion) for the National Optic Fibre Backbone Infrastructure Project and E-Government. This project is aimed at linking most urban areas of Kenya to the global fibre optic network through the Capital Nairobi. The agreement…
Shelter-Afrique gives 40m Loan for Low Cost housing project
Pan African housing finance and habitat institution Shelter-Afrique, has extended a KES 40million (US$ 500,000) low cost housing development loan to a local housing microfinance institution, Makao Mashinani in a pilot project geared at raising the market supply of affordable…
CMA Finalising on Real Estate Investment Scheme Framework
The Capital Markets Authority (CMA) is in the final stages of developing Real Estate Investment Trusts (REIT). REIT is a framework that will facilitate the financing and management of collective investment in real estate run by CMA. The Capital Markets Collective Investment Scheme Regulations…
Chinese President Pledges To Fight Counterfeits Entering African Markets
Chinese President Hu Jintao has pledged to help African countries strengthen their customs departments capacity to control the entry of counterfeit goods. China, a key exporter to Africa has been blamed for most of the fake and substandard goods, ranging from electronics to medical goods, that have flooded…
Jubilee Scoops 10 Insurance Awards
Jubilee Insurance has won 10 awards at the annual Insurance Awards, 2012 chapter. The company has emerged as the most celebrated company at the awards for three years in a row. Jubilee Insurance was the overall winner in the Marketing Initiative, Medical Insurance underwriter, Life Insurer…
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