Standard Chartered Bank (Kenya) will be offering mortgages at 16.9% on mortgages transfered from other banks. The rate will be applicable to mortgages transfered only. The promotion will run up to the end of July in the bank’s bid to raise its mortgage book. This has come at a time…

Barclays Bank of Kenya yesterday launched a 5 month promotional campaign dubbed the “Barclays Mega Millionaire”. The campaign is aimed at encouraging Barclays account holders to grow their deposits and develop a savings culture as a way to empower them both socially and economically. The promotion will see…

The City Council of Nairobi has warned that it will be taking over control of parking lots of state organs that owe them large amounts of money in unpaid rates and other charges. The City Council has named Central Bank of Kenya, Vigilance House and Parliament as some of the…

Finance minister Njeru Githae has said he will table the 2012/2013 Budget Policy Paper next week on Thursday 14th of June. This has come at a time when the country is experiencing weak currency against major world currencies. Githae projects that tax revenues in the financial year 2011/2012 will be 14%…

Investment groups in Kenya, also known as Chama (Swahili for organized group) have become a popular avenue for investors to grow their worth. Quite often, these groups start small and they depend on members’ input for financial advise and assistance. In the last few years several banks have designed products…

Credit information and reports can now be accessed on the mobile phone. The development  by Metropol Credit Bureau will allow users to access credit information on an SMS platform. Credit information sharing  has been lauded by lenders in the recent past as having been beneficial. Lenders use credit information to establish…

Nairobi City Council has taken over control of COMESA parking ground situated at the Kenyatta International Conference Centre(KICC). Nairobi Town Clerk Roba Duba says the council has been forced to take the step because KICC owes the City Council arrears amounting to Sh26m. The open area parking lot within KICC’s…

Kenya Railways Corporation is planning to upgrade all its operational commuter routes to help expand its operation and take care of growing transport needs in the city and the whole country. The corporation plans to upgrade the rail road to standard gauge and refurbish its coaches to encourage passengers to…

The Kenyan job market is a tough one and the options of ‘not taking’ a job offer coming your way are almost non existent. When an individual goes for months without a job, they always embrace the next offer that comes their way with a lot of gratitude that they…

Like football, diesel cars are a worldwide phenomenon that many people just don’t get. More than 50% of new European cars have diesel engines. Japanese models, which are common on the Kenyan market are petrol cars. There are signs, though, that diesel cars are becoming more main stream. In…