8 Things You Should Know This Morning
1. Treasury Not “Broke” Despite Borrowing Treasury has disputed claims that the government is broke, owing to its recent move to borrow over Sh7.2 billion to buy Biometric Voter Registration Kits from a commercial bank. Despite its increasing appetite for borrowing, Treasury…
Housing Finance Q3 Profits Drop 2.7%
Housing Finance has reported an after tax profit of KES 396 million in the 3rd quarter of 2012 through a difficult trading business environment the banking sector has been experiencing. Profits dropped marginally by 2.7 % compared to the previous year when it posted KES…
I Am Dot Net, the KES 700 Domain
For KES 700, “I am Dot Net” comes with an offer to own a .net domain plus 1GB hosting for a whole year, two free email accounts and a free website builder. This is ideal for small online businesses.
Increased Water Bills for Mombasa Residents
October will go down as one of the toughest months, financially, for most Kenyans, though those to be hit the hardest are Mombasa residents. Coupled with rise in fuel prices and electricity bills, Mombasa residents will also start paying higher water bills after Mombasa Water Supply and Sanitation…
NIC Bank Scoops Overall Financial Reporting Award
NIC Bank was named the overall winner of the 11th edition of the Financial Reporting (FIRe) Awards at a ceremony held at Safari Park Hotel on Friday.
Kenyan CEOs Dominate Africa Business Leaders Awards
Winners of the All Africa Business Leaders Awards (AABLA) 2012 have been officially announced with Kenya rising up to claim 4 out of 7 honours. According to a press release from CNBC Africa, the ceremony took place on the 25th of October, 2012 at the Vodadome in…
Mdundo, Buy Music from your phone, Support Local Talent
A new service, dubbed Mdundo, allowing users to download local music using scratch cards, has been launched. Mdundo scratch cards cost KES 100, each containing a unique PIN which allows users to download 5 tracks straight to their phone. The procedure is simple: Get a scratch…
Pay Your Bills, Or You May be Blacklisted
The Treasury has set in motion plans to enact a law that will see defaulters of utility bills such as water, electricity and telephone blacklisted by banks. Says The Business Daily. The new regulations will be part of the credit information sharing law that has been used to bar…
8 Things You Should Know This Morning
1. Africa Could Earn KES 17 Trillion from Global Food Sales – World Bank Africa has the potential to generate an extra US$20 billion(about Sh1.7 trillion) in yearly earnings from food trade if proper infrastructure is put according to a new World Bank report. The…
Why You Are Unable To Access M-Pesa
If you tried making an M-Pesa transaction over the past couples of hours, you probably received this message: Dear customer, M-PESA is currently undergoing maintenance and is unable to process your request. We apologies for the inconvenience. Through a message posted on Safaricom’s Facebook page, the outage on…
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