National Oil Comes To Motorists' Rescue
National Oil has reduced pump prices for Super Petrol and Diesel Nationwide (Image: nockenya.co.ke) Petroleum Company National Oil Corporation has cut its pump prices down from the figures that industry regulator Energy Regulatory Commission (ERC) announced last week. National Oil has cut the prices of…
Competition Could Lead To Cheaper Credit
Bank loans could soon be cheaper due to competition (Photo: dobanafrica.com) The Central Bank of Kenya will soon have legal backing to publish rates offered by banks on loans and deposits. Amendments in the Finance Act, 2012, have authorised the regulator to publish the lending rates charged…
Samsung Extends Warranty to Two Years
Consumer electronics manufacturer, Samsung Electronics East Africa, has unveiled a two-year warranty support for its range of products and appliances. Dubbed the Samsung Smart Care 24 Month Warranty, Samsung Electronics will provide comprehensive service support across all its products for customers purchasing Samsung products from authorised…
Back-up Artists to Earn Royalties
Back up artists will soon be earning royalties for the work they do with mainstream artists. The list of these artists include guitarists, drummists and dancers. Music producers are also in line to start getting royalties from television and radio should changes in the copyright laws be adopted. In the…
KCB Shareholders Get 48% Increase in Dividend
Kenya Commercial Bank Group has announced a 48% increase in dividends to its share holders for 2012/2013. At the Bank Group’s Annual General Meeting group at the KICC Chairman Peter Muthoka announced that shareholders will now get a dividend of Shs. 1.85 per ordinary share as compared to last years…
MTR Could Drop Below the Shilling Mark, CCK
Information industry regulator Communications Commission of Kenya CCK plans to bring down Mobile Termination Rates (MTR) to below one shilling. MTR is the amount of money an operator pays other operators when its subscribers call the other network. The regulator announced last month that it would be bringing down…
State Doing Little in Housing Development
The state has been playing a back bench role in provision and development of new housing units. Investors in private sector have taken over development of housing units even at times when statistics show large housing unit deficits, a thing the state should be concerned about. It is estimated that…
Your Taxes Have to Work for You
What are my taxes for if I have to pay my medical bills, buy clean drinking water, pay for affordable housing and schooling for my kids? This question was posed by technology blogger Robert Alai on his Twitter timeline. This observation brings to light…
Kenya to Have New Currency by 2015
The country will have a new faced currency by early 2015, the Central Bank of Kenya has announced. The new currency will be a fulfilment of the requirements of the new constitution that among other things will come without an individual’s head on the face of the notes and coins. Article 231(4)…
Flights From Nairobi-Vietnam to Start
Emirates, one of the fastest growing international airlines in the world, continues its expansion into South East Asia with Ho Chi Minh City in Vietnam becoming the airline’s 124th destination. From 4th June, travelers from Kenya will be able to fly from Nairobi to the Vietnamese city via Emirates’ state-of-the-art hub…
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