New System Enables Mobile Phone Share Trading
Stock brokers have already done tests and are waiting for approval to roll out the service next month.
21% KQ Staff Accept Layoff Package
Kenya Airways has announced the completion of its staff rationalization programme which it says has been a success. The rationalization program has since seen 126 employees representing 21 % of the estimated 600 members of staff that will leave the airline, volunteering to take up…
International Oil Prices on the Rise
Following a significant drop in international oil price in June 2012 that resulted in the recently witnessed drop in local fuel prices international oil prices are back to a steady rise. As at the beginning of July 2012 international oil prices have been on a steady…
8 Things You Should know this morning
1. Airtel Invests in Life insurance Bharti Airtel partners with Sanlam, one of South Africa’s leading financial providers. The mobile phone service provider has announced that it will be using its East, West and South African reach to help the insurer distribute its…
Stay Calm, Huawei is Not Fake
If you own a Huawei handset, stay calm. The Communication Commission of Kenya (CCK) will not switch it off come Sunday September 30th 2012. Huawei, which is a Chinese information and communications technology (ICT) solutions provider, confirmed the originality of their handsets on 5th September 2012.
Relief For Borrowers as CBK Cuts Base Rate Again
The Central Bank‘s Monetary Policy Committee has announced a reduction in the base lending rate (Central Bank Rate) by 350 points to 13% down from 16.5%, a rate set in July. This is a welcome move for borrowers as banks are expected to lower interest rates…
Central Bank Rate, What We Expect
The Central Bank of Kenya‘s Monetary Policy Committee will be meeting today for the first time since setting the bi-monthly meetings. The last time the committee met in June, they reviewed the Central Bank’s base lending rate downwards to 16.5% from 18%. The MPC cited…
SACCO Loans and Bank Loans
The hard times of the past few years have been a blessing in disguise for many people in Kenya with more individuals becoming financially self aware. This in turn has raised awareness and need for people to keep themselves financially secure by saving and investing through different vehicles.
8 Things You Should Know This Morning
1. KQ sacks 150 employees in first phase of cuts Defying an order by the Prime Minister not to proceed with the restrenchment, Kenya Airways, has laid off 150 employees in the first phase of job cuts expected to see between 650 and 1500 people lose their jobs. The workers…
Kenya Needs More Education Loan Providers
Kenya has seen a growing demand for tertiary education, with a steady rise in enrolment and an increase in private universities to 21 in 2008 from 3 in 1985. And it doesn't seem like the education loan providers are growing fast enough
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