Nakumatt Aims For 40 Branches By the End of the Year
Regional supermarket chain Nakumatt Holdings has opened the doors to its 37th branch in East Africa with the opening of the Mbarara town branch in the Western Uganda. The opening of the US$ 3 million Nakumatt Mbarara, is part of the retailer’s regional expansion…
KRA Targets Mobile Money As They Try to Hit KES 1 Trillion
Kenya Revenue Authority will target be targeting mobile money transfers and the new expanded legislature in its bid to meet the new 1 trillion revenue target set for FY 2012/13. The initial target for the taxman in the new financial year was KES…
Scholarship Fund Started in Honour of Wangari Maathai
The Green Belt Movement, The Rockefeller Foundation, and the Kenya Community Development Foundation yesterday announced the launch of The Wangari Maathai Scholarship Fund. The fund seeks to encourage and promote a youth-led sustainable development agenda that is grounded…
Get Free Modem with Safaricom Bundle Purchase
Safaricom has announced an offer for its data customers where one gets a free modem when they purchase a 4GB data bundle. The limited offer will see customers get a free Safaricom modem when they purchase bundles worth KES 2,999. In a text…
Chase Bank Unveils Tuk Tuk Financing Plan
Chase Bank Kenya has unveiled a plan for potential Tuk Tuk (Tri-cycle) owners access financing to purchase new Tuk Tuks through Chase Iman, a Shariah compliant banking system. The product, Chase bank says, aims at empowering the youth and women in business by enabling…
How SACCOs Work
A Savings And Credit Co-Operative (SACCO) is an association of like minded individuals, registered under the Ministry of Ministry of Cooperative Development & Marketing in Kenya, and authorized to take deposits from and lend to it’s members. SACCOs are governed by the SACCO bylaws which state the…
Second Diaspora SACCO Launched
The Kenya USA Diaspora SACCO was officially launched last evening at the ongoing 2012 Kenya Diaspora Conference – USA in Arlington, Virginia.This is the second Diaspora SACCO established after the Co-operative Development ministry registered Kenya Diaspora SACCO in April this year. Kenya Diaspora SACCO is the first Sacco…
What It Costs to Fly in East Africa
Air travel across East Africa could soon be the order of the day with three budget airlines set to battle out for East Africa air travel business. Kenya Airway‘s Jambo Jet and FastJet (Fly540) are bound to set the stage for low fares in local…
CBK Rate Cuts Re-Ignites Activities in Real Estate
With mortgage rates going down in the third quarter, property asking prices jumped in the last three months on hopes of renewed activity.According to property development consultants Hass Consult, the rental market largely absorbed the price increases of the third quarter,…
Get a Yamaha Motorbike for KES 350 A Day
Toyota Kenya’s two wheeler wing, Yamaha, has rolled out a nationwide campaign to encourage the youth and other entrepreneurs to take advantage of a financing deal that will allow customers to purchase a Crux motorcycle for KES 350 a day. This, Yamaha says, is…
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