Stiff Penalties For Vandals Welcomed By Kenya Power
Electricity distributor, Kenya Power has welcomed the amendments to the Energy Act that spell stiffer penalties to those found vandalising, or in possession of vandalised power equipment. The Statute Law Miscellaneous Amendment Bill 2012, signed into law by the President on…
Government Directs Reduction of Set Top Box Prices
The cost of converter box decoders to be reduced according to the latest from parliament.
Mobile Number Portability Growing
Mobile Number Portability (MNP), the service that allows subscribers to change mobile service providers but retain their numbers has been gradually growing since inception last year. According to a report released by the Communications Commission of Kenya, the number of subscribers porting their numbers increased…
Mortgage Interest Rates On Downward Trend
Interest rates for mortgages have been on the downward trend even at a period when the base lending rate was at the 18% peak. This has been revealed at the release of the second quarter mortgage report by The Mortgage Company (TMC) in partnership with…
Mobile Money Transfer Users Grow
More Kenyans are taking to Mobile Money transfer as a preferred method of sending and receiving money in the country. According to Communication Commission of Kenya statistics for 3rd quarter of financial year 2011/12, the number of subscribers taking to this mode transacting has increased by close to 6,000 subscribers…
Rent On The Increase Despite Stable Property Prices
Property development and management firm, Hass Consult has today released the results of the Hass Property Index for quarter 2 of 2012. The Hass Property Index is a measure of how housing prices and rents are moving. The report has revealed that there is an ongoing…
Civicon To Rehabilitate Roads To Wind Power Plant
Civil and engineering company Civicon has been awarded a USD 36 million (Ksh 3.2 billion) contract to rehabilitate 204 kilometers access roads for the Lake Turkana Wind Power Project (LTWP) and the construction of an additional 109 kilometers on site road network to…
Kenyans Abroad Bring in More Money, CBK.
Kenyans in diaspora sent home $101 million (Ksh 8.5 billion) in May, which represents a 47% jump from the same month a year ago, and up from the previous month, according to Central Bank of Kenya data released on Tuesday. Apart from tea, horticulture and tourism, remittances…
Samsung Unveils Smart TVs
Samsung Electronics East Africa has unveiled a new range of TV sets that include the firm’s LED and SMART technology. This comes in the wake of the company’s earlier announcement that it will be introducing digital TV signal compliant sets to the market. According to…
Low Income Earners' Hope Of Owning Homes
Deposit taking microfinance institution Rafiki has embarked on mortgage lending targeted for low-income earners and individuals in the informal sector. The company has said it plans to commit 25% of its loan book to home loans. Rafiki plans to roll out home loans of between Ksh1 million…
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