How Samsung, Nakumatt Electronics SACCO Deal Works
Samsung Electronics East Africa and Nakumatt Holdings, have jointly unveiled a new service allowing SACCO members to purchase electronic products on a check off system. In the exclusive partnership dubbed Samsung/Nakumatt Sacco’s check-off access, Nakumatt will provide a dedicated service…
EAC to Introduce Passport-Free Trips to Rwanda
Trips to Rwanda may no longer require passports as the East African Community (EAC) moves to introduce an almost restriction-free system of crossing the border. The EAC states that the decision may require the use of electronic readable Identification cards as stipulated in the Common Market…
8 Things You Should Know this Morning
1. New Plan to Help Farmers Reverse the Effects of Climate Change The Coffee Research Foundation has started an ambitious programme to help farmers reverse the effects of global warming and boost coffee production. The institution is holding farmer sensitisation clinics, urging farmers to plant favourable indigenous trees to…
The Stock Market Today
The NSE 20 Share Index today rose from yesterday’s 3,953.53 points to 3,956.54 points while the All Share Index rose to 87.04 points from 86.84 points yesterday. Source: FILE HIGHEST VOLUMES The highest volumes traded today were Safaricom, HFCK and Mumias Sugar company. Safaricom traded the highest with 10.47 million making their market…
Foreigners eye Kenya's geothermal energy
Energy Development Corp(EDC) a pioneer in the geothermal energy industry in Philippines, has set its eyes on Kenya upon announcing its plan to expand. It is a listed company with over 35 years experience of technical expertise in the field and will look to study the local setting…
Drop in interest Rates to Go on, says KBA
Two weeks after the Central Bank of Kenya cut its base lending rate to 13%, more than 12 banks have followed suit and lowered their rates by different margins. The news for lower lending rates is welcome for borrowers as they will be relieved from the high interest…
How Much have Banks Cut Lending Rates?
The last two weeks have seen most commercial banks in the country lower their base lending rates by different margins. This move came after the Central Bank of Kenya‘s Monetary Policy Committee (MPC) lowered its base lending rate (CBR) by 3.5 percentage points to 13%…
8 things You Should Know this Morning
1. Security Firms Making a Killing in Piracy Fight According to Pirates and Privateers: Managing the Indian Ocean’s Private Security Boom, released recently, sheds light on the involvement of the security companies in fighting the sea crime.They charge between $5,000 (Sh400,000) and $20,000 (Sh1.6 million) per…
Speedy KRA Clearance System to Rescue Consumers
The Kenya Revenue Authority (KRA) is working on a plan to ensure speedy clearance of goods in the region. Once in place, the Authorised Economic Operator (AEO) system is expected to eliminate delays of clearance and delivery of imports. According to the Kenya…
Government to Introduce More Effective Public Service Centers
You may soon say goodbye to long queues in public offices as the government makes plans to introduce convenient civilian service centers across the country. The government has decided to improve service delivery in the public sector. According to the Cabinet, the government plans…
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