8 Things You Should Know this Morning
1. IEBC Warns Voter Registration 30 Day Period Won’t be Extended Voter registration will be a 30-day exercise and will not be extended, the electoral commission has announced. Independent Electoral and Boundaries Commission (IEBC) chairman Isaack Hassan said on Monday that registration would start…
Safaricom Complies With Directive to Switch off Counterfeit Phones
Through a press release posted on Safaricoms’ website, dated 1st October 2012, Safaricom Limited has confirmed that it has completed the blocking of all counterfeit mobile phone handsets on its network. Safaricom indicated that the mandatory exercise which begun at midnight on 30 September…
Funding for Kenyan's Studying Abroad Halted
Kenyans studying abroad will no longer get loans and bursaries from the Ministry of Higher Education Science and Technology. In a letter addressed to Kenyan Embassies and High Commissions, the Ministry instructed foreign missions to inform Kenyan students residing in the respective countries of tne new developments.
The Budget Plan Face Off
Last week we looked at three budgeting systems: The Balanced Money Formula The 60% Solution The Budgeting Plan We have different financial goals. For some it’s to maximize on savings while for other’s it’s all about spending. We’ll compare the above budgeting systems to…
Equity CEO gets Double Global Appointments
Equity Bank Group CEO Dr. James Mwangi has been appointed to the Global Agenda Council on New Economic Thinking which is a council of the World Economic Forum. The council is a global brain trust that will set the direction for global, regional and industry…
Which Telecommunication Operator Best Suits You
There are four competing mobile telephone operators in Kenya, Airtel, Orange, Yu and Safaricom. So how do you chose which one’s best for you? First you should review your call pattern and data usage to establish what are the important criteria for your needs. Factors such as network…
Economic Slowdown Persists
The latest statistics from the Kenya National Bureau of Statistics (KNBS) on gross domestic product (GDP) shows that the economic slowdown that started in the first quarter of 2012 has moved over again into the second quarter of this year. The report says that the economy expanded by 3.3%…
When Does Your Bank List You As a Defaulter?
For a while now, the media has been awash with statistics on how many people have been listed as defaulters with the credit reference bureau by various banks. What does it mean? Previously, customers would borrow a loan from bank A, refuse to pay and move on to bank B…
The Stock Market Today
INDICES The NSE 20 Share Index today performed 8.50 points lower to close at 3,972.03 from 3,980.53 points yesterday and the All-Share Index also rose by 0.40 points to close at 87.38 points from yesterday’s 86.98. HIGHEST VOLUMES Safaricom shares were once again…
Ujenzi Bora Launch Cheap Housing Project
Kenyans may soon have access to more low-cost homes as Ujenzi Bora makes plans to introduce cheaper housing models into the market. The housing-procurement firm has set up a task force comprising of architects, engineers and consultants to design at least 5 new affordable house models.
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