Yesterday President Mwai Kibaki announced that oil had been discovered in Turkana. The company that carried out the oil exploration exercise, Tullow Oil Plc confirmed that it had discovered oil in one of its oil wells, the Ngamia-1 exploration well. The company announced that…

I&M Bank has recorded a 37.5 per cent rise in profit after tax for the period ended December 2011. According to the Business Daily, the private bank joins KCB and Equity in reporting regional profit after its net income increased from Sh2.4 billion a year earlier to Sh3.3 billion…

Mumias Sugar Company Limited has released its half year results for the six months ended 31st December 2012. In its unaudited 6-month results, the company has reported gross profits of Kshs. 2,255,726,000, down Kshs. 285,555,000 from the previous periods Kshs. 2,541,281,000. Net profits however increased in the same period…

In a ceremony at the Intercontinental Hotel on 6th March 2012 attended by the Governor of the Central Bank of Kenya, Prof Njuguna Ndun’gu, the Chief Executive Officer of the Capital Markets Authority, Ms. Stella Kilonzo and the Chairman of the Insurance Regulatory Authority,…

Tullow Oil Plc has announced that it has discovered oil in one of its oil wells, the Ngamia-1 exploration well. The company announced that it had encountered in excess of 20 metres of net oil per day in its press release. The well, located in Turkana County block 10BB,…

M-Pesa systems have been down since noon. A tweet from safaricom Limited said: “We are experiencing an outage on M-PESA affecting handset transactions. Teams are working to restore. Inconvenience is highly regretted.” I sincerely hope that the systems would soon be up and running, my lunch money is in my M-Pesa account…

The country is likely to see a gradual decline in the cost of electricity as a planned wind turbine project commences. The wind farm will contribute to the national grid and reduce reliance on hydro-electric power. According to the AFP, the construction of Africa’s largest…

According to the Business Daily, the Treasury has set tough conditions for its involvement in any plans to bail out telecoms operator Telkom Kenya. Top on the list of the demands that the Treasury is expected to put before its partners when the board meets next month to consider…

While opening the 4th Session of the African Ministerial Conference on Housing and Urban Development (ACHMUD IV) on Thursday, President Mwai Kibaki said that the government is making strides in addressing the slum menace in Kenya by establishing an all inclusive institutional framework for improvement of informal settlements.

Living in these tough economic times in Kenya, one would not mind extra money every month. It comes in handy in paying bills, making up for the coffee date dents and even monthly trips to Naivasha. Here are a few ways in which you could help credit some…