National Carrier Kenya Airways in a bid to stay ahead of competition on certain African routes has offered its passengers from Dubai to several African destinations a 10% discount on the air ticket. The airline will be charging 10% off on all tickets from Dubai to Nairobi,…

After announcing that it will be lowering its lending rates to 22% from 24%, Kenya Commercial Bank through its mortgage division S&L will be dropping the mortgage rates too, effective June 1st. During Kenya Commercial Bank’s Annual General Meeting on Friday 18th, group chief executive Martin Oduor-Otieno said the Bank…

Samsung Electronics East Africa, has unveiled a mobile device designed to introduce millions of Kenyans to the wide variety of Smartphone applications. In a strategic market development effort, Samsung electronics has introduced the Samsung Galaxy Pocket handset which is designed to provide a platform for more than 8…

When mobile money transfer started taking shape in the country, users did not visualize the revolution that would come with it terms of convenience, speed and ease of doing things. Apart from sending and receiving money, the mobile phone was put to use in accessing bank accounts, pay bills and…

Safaricom has partnered with PesaPoint to unveil a new service that enables M-PESA subscribers to transfer money from their bank accounts into their M-PESA account through their ATM cards, saving one the hustle of withdrawing cash from their bank account and then having to…

Gainers Price (KES) Change (%) Olympia Capital Holdings Limited 3.90 5.41 CFC Insurance Holdings 8.00 4.58 Mumias Sugar Company 5.90 4.42 Uchumi Supermarkets 19.05 2.97 Eveready East Africa 1.80 2.86 Losers Price (KES) Change (%) Express Limited 3.40 8.11 KCB Limited 22.25 5.32 CFC Stanbic Holdings 41.75 5.11 Barclays Bank…

Samsung Electronics (East Africa) will tomorrow morning officially unveil into the local market the new Samsung Galaxy Pocket handset. The new handset developed by Samsung is geared at boosting internet penetration in emerging markets by availing for sale affordably priced, fully loaded Smartphone handsets.

About 1,000 car owners in the country will soon be required to pay taxes or have their vehicles impounded by the tax authority for having evaded the tax system. In a statement to Nation, Kenya Revenue Authority Officials said that the vehicles passed through a faulty system when the authority…

The recent pump price reviews have seen the retail price for Super Petrol increase by KES 2.63 to retail at KES 121.13 while that of Diesel reduce minimally by 36 cents to retail at KES 108.44 in Nairobi. KenolKobil and National oil have come to rescue…

Stocks Watch – 22 May 2012 At the close of trading yesterday, the NSE 20-share index stood 9.79 points up (0.25%) at 3,708.88 points to continue its upward trend. Below are some of the counters we will be watching keenly in today’s trading: KCB: The share of East Africa’s number…