You Have To Be Cleared by HELB to Get Employed
President Kibaki has asked employers to ask for a clearance certificate from The Higher Education Loans Board from job seekers before hiring them to have every beneficiary pay back their loans.
Become a Millionaire with Nakumatt
Nakumatt has launched a Christmas reward program where all shoppers doing shopping worth KES 1500 and more stand a chance to win between KES 5,000 and the grand prize of KES 1m
yuMobile Hits 3 Million Subscribers
yuMobile has hit the 3 million subscriber mark, and has been the fastest growing mobile operator in the last 1 year gaining 68% of total industry new subscriptions in the period.
Githae Calls on Banks to Lower Rates Faster
Banks still have their base lending rates at between 18.5% and 22.5% despite the Central Bank lowering the base lending rate (CBR) to 11% beginning of November.
Citibank Cuts Base Lending Rate to 15%
Citibank has lowered its base lending rate to 15% down from 19%, a week after Central Bank lowered the CBR by 200 basis points to 11%. Inflation drop (4.14%) and a stable currency advised CBKs decision.
CBK Licenses 8th Deposit Taking Microfinance
The Central Bank has licensed SUMAC DTM as the 8th DTM to focus on Small and Medium Enterprises (SMEs) to spearhead faster growth amongst small companies.
Convert Shilling Directly to Chinese Yuan
With increasing travel and trade between Kenya and China, the need for easier of conversion of currency between the two nations is a welcome move. 1 Chinese Yuan is valued at approximately KES 13.74
CBK to License Independent Remittance Providers.
The Central Bank of Kenya proposes to license stand alone money remittance service providers in a bid to regulate and control the diaspora remittance business which is growing at fast rates.
Emirates Half Year Profits up 68% as KQ Posts KES 4b Loss
Emirates has announced a half year net profit of KES 48.88 billion for the 6 months to 30th September 2012 riding on stable passenger numbers. In the same period, Kenya Airways, reported a KES 4.7 billion loss citing falling passenger numbers.
President to Commission the KES 31B Thika Highway
Thika Superhighway will be commissioned on Friday, 8 months off scheduled completion date and KES 4 billion more that it was initially anticipated to cost.
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