Pay up Your Water, Power Bill or Miss Out on Loan
Amendments in the Banking Act proposed by Finance Minister Njeru Githae will soon see many more Kenyans blacklisted, a move that would deny them access to loans and other forms of credit. This is a strengthening bid for lenders who have been pushing for information about borrowers. The minister proposed…
Samsung to Sell DVB-T2 Compliant TVs in East Africa
Samsung Electronics East Africa (SEEA) could soon be selling DVB-T2 compliant TV sets in Kenya. The company has already submitted and is waiting for rating approvals for its DVB-T2 compliant TV sets from the Communications Commission of Kenya (CCK). SEEA has welcomed the move by the…
Commuter Rail Upgrade Gets a Boost
Commuters living along Mombasa road will soon get a break from the long hours they spend in traffic when the new developments in the railways system are finished. The upgrade plans to make standard gauge rail lines to handle high speed trains and refurbished coaches and engines looked on course…
Digital Migration Could be Cheaper
The cost of migrating from analogue signal to digital signal will soon drop after the government’s move to remove import duty on set top converter boxes. In a budget statement read by Finance Minister Njeru Githae in parliament on 14th June, the move is aimed at making the boxes affordable…
Banks to be Liable For Agents' Actions
Banks will now be liable for the actions of their appointed agents in regard to service rendered to clients on their behalf. In a bid to protect bank clients, Finance Minister Njeru Githae said in the budget statement 2012/2013 that the government is committed to ensuring that the clients’ interest…
Kenya Airways Shareholders to Get Low Dividend
Kenya Airways directors have recommended payment of a first and final dividend of KShs 0.25 per share for approval by the shareholders at the forthcoming Annual General Meeting to be held on 27 September 2012. This final dividend is down from the previous period’s dividend of…
KQ Pre-tax Profits Dip
National Carrier Kenya Airways‘ profits before tax have dropped to Ksh. 2.15 billion down from Kshs. 5 billion the previous period. Speaking at the release of the results Thursday, Group CEO Titus Naikuni attributed this drop to high fuel prices that made operations for the airline industry…
Red Cross Offers Cheap Ambulance Cover
Kenya Red Cross Society has started an affordable ambulance service for Kenyans through its Emergency Medical Services (EMS). The service dubbed Jisajili Ujiokoe allows subscribers pay as little as Kshs. 14 a day for family ambulance cover through EMS and Emergency Plus Medical Services. E-Plus is Kenya…
CBK Pushes for Professional Agent Bankers
The Central Bank of Kenya has set out to have Banks appoint qualified and professionally suitable entities as their agents in the wake of the growing networks of agency banking in the country. The Central Bank of Kenya (CBK) released revised Prudential Guidelines and Risk Management Guidelines…
CCK to Restart SIM Registration
The Communication Commission of Kenya(CCK) plans to start another round of SIM card registration in the coming weeks after the process was stopped two years ago. This comes after an amendment to the Kenya Information and Communications Act 1998 was passed, requiring registration of all telecommunication services…
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