Kenyans to Buy Bonds Through the Phone
According to the Daily Nation Kenyans will soon be able to buy government debt including Treasury Bills and bonds using their mobile phones, according to a project dubbed, ‘Treasury Mobile Direct’, launched by the World Bank and Central Bank. The scheme aims to capitalise on the popularity and success…
How Is Inflation Calculated?
The formula for calculating the Inflation Rate using the Consumer Price Index is relatively simple. Every month the Kenya National Bureau of Statistics (KNBS) surveys prices and generates the current Consumer Price Index (CPI). What is this CPI? The CPI is defined as a measure of the weighted average change…
Your Postpaid Electricity Bill to Increase by 28.4%
Kenya Power is set to implement its new tariff by July after getting consent from the government to do so. Click here to read more on this. The new tariff will see the Fixed Charge on your bill increase by about 33%, from KES…
Closing Bell – 4 May 2012
Gainers Price (KES) Change (%) WTK 260.00 8.33 TCL 25.00 6.38 PAFR 29.00 3.57 MSC 5.85 3.54 EVRD 1.70 3.03 Losers Price (KES) Change (%) EGAD 29.00 9.38 BOC 107.00 6.96 XPRS 3.85 3.75 SCAN 53.00 2.75 ICDC 15.15 2.57 Exchange Rates CURRENCY MEAN US DOLLAR 83.2806 STG POUND 134.8059…
Githae Calls on Banks to Lower Rates on Loans
Finance minister Njeru Githae has continued with his call on commercial banks to lower the rates at which commercial banks give loans to their customers. Githae has been asking banks and other lending institutions to make loans affordable to borrowers citing reduced cost of operations for the banks. Speaking at…
Investors Becoming Victims of Their Own Greed?
The recent revelation that some investors had lost millions of shillings of their investment to a product linked to CIC Insurance raised eyebrows. The product in question had characteristics similar to a pyramid scheme, handling huge sums of money and promising high returns in short periods.
Who Stands To Benefit from Lower Termination Rates
The recent move by the telecommunications regulator, CCK to lower the termination rate from KES 2.21 per minute to KES 1.44 is aimed at encouraging competition among the mobile operators which would subsequently result in lower calling rates. The termination rate is the amount…
CFC Stanbic 2011 Results
3%, the increase in CfC Stanbic Holdings' net profits in 2011
Why Safaricom is against Lower Termination Rates
The recent move by the telecommunications regulator to lower the termination rate from KES 2.21 per minute to KES 1.44 is aimed at encouraging competition among the mobile operators which will subsequently result in lower calling rates. The termination rate is the amount of money an…
Airtel to Maintain Tariffs After CCK Slashes Rates
Mobile operater Airtel Kenya will not be lowering the price after the Communications Commission of Kenya (CCK) cuts down the mobile termination rates (MTR) in July. Mobile termination rates is the amount of money an operator pays rivals if its subscribers call another network. The rates…
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