NSSF Suspense Account Drops
The National Social Security Fund (NSSF) has reported a drop in the fund’s suspense accounts balance to KES 3.1 billion down from KES 7 billion. The drop is attributed to a recent communication campaign dubbed Sawazisha, according to the fund’s acting managing trustee Tom Odongo.
New NHIF Rates: Effective October 1st
The National Hospital Insurance Fund (NHIF) will reportedly effect new tariffs beginning October 1st 2012, reliable sources have disclosed. The rates which were marred by controversy earlier this year will see high income earners submit KES 2,000 monthly while those earning below KES 6,000 will pay…
NIC Rights Issue: Could You Make More By Taking Part?
Here's our take on what could happen if you choose to participate in the NIC Rights Issue
Standard Chartered Reports Lowest Base Rate
Standard Chartered Bank of Kenya has slashed its base lending rates by 3 percentage points to have it at 18.5% down from 21.5%. This is currently the lowest base rate on the market in the wake of a market rate cut following…
Mobile Termination Rates & How They Affect Effect You
Communications Commission of Kenya (CCK) director general Francis Wangusi has directed the CCK board to make an independent decision on September 27 concerning review of the Mobile Termination Rates (MTRs). CCK has however pointed out that the decision over the rates will not be influenced by any…
8 Things You Should Know This Morning
8 Things you should know this morning
A Look at This Year’s Company Rights Issues
A look at the Rights Issues that have taken place this year for publicly listed companies
New Digital System To End Port Delays
The system will integrate the electronic systems of various parties engaged in the cargo clearance process including the Kenya Revenue Authority (KRA), Kenya Bureau of Standards (KEBS), Kenya Ports Authority (KPA) among others.
Banks Follow MPC Move To Lower Rates
Barclays Bank of Kenya has announced that it will cut its base lending rate by 1.5% percentage points to 19.5% effective 1st October 2012. This comes a week after the Central Bank of Kenya‘s Monetary Policy Committee cut its lending rate by…
Nakumatt to Launch Online Shopping
Nakumatt will become the second merchant to utilize e-commerce to the benefit of customers
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