Mumias Profit Misses Analyst Targets by 40 pc
The situation was little changed with revenue which despite climbing 6 percent to 18.7 billion, was still below SIB’s 21 billion shilling year-end forecast.
Inflation Rate Drops to 6.09%
Kenya’s overall inflation rate for the month of August 2012 has dropped to 6.09 per cent, down from 7.74 per cent in July 2012. The last time Kenya’s inflation rate stood this low was in January 2011 when it posted at 5.42 per cent.
Your End of Month Shopping Discounts
Below are a couple of deals that will cut down your end of month shopping expenses.
KNBS to Post August’s Inflation Rate
Kenya National Bureau of Statistics (KNBS) is expected to release Consumer Price Indeces (CPI) and rates of inflation for August 2012, today, 31 August 2012. Fuel price dropped in August as compared to July. The drop in Diesel and super petrol prices could result in a drop in the transport…
Changes Coming To DStv
As of 1st October 2012, DStv subscribers will get 8 genre themed movie channels. Under the tagline ‘Movies for every Mood’, channels will be themed according to movie type. The themes include: M-Net Movies Premier M-Net Movies Comedy M-Net Movies Family M-Net Movies Action+ M-Net Movies Drama &…
MPs Paid 'Peanuts'?
Kenyan MPs earn a basic salary of KES 200,000 and a total of KES 651, 000 in allowances every month. In total, the honorable members take home KES 851,000 a month on average with other benefits which bring the figure in excess of KES 1 million . Peanuts.
8 Things You Should Know This Morning
1. Alarm as loan defaults rise by Sh4bn steep rise in the cost of loans that started at the end of 2011 has left many borrowers incapable of servicing their debts, pushing up the level of default across the banking industry. The volume of non-performing loans…
Potato Prices Steady Despite Increase in Bag Sizes
Potato farmers are making losses due to an increase in their packing bag sizes. The Kenya National Potato Farmers Association (KNPFA) reports that farmers have been forced to charge the same price for potatoes regardless of the fact that they use bigger sacks. KNPFA National Secretary,…
CIC Profits Dip Below Half Billion
Earnings were hurt by higher claims and benefits to policyholders which rose 61 percent to 2.1 billion shillings.
NIC Bank To Close For System Upgrade
NIC Bank will remain closed from Friday September 31st to 2nd September 2012. The bank which will be upgrading its systems will close doors for all over the counter transactions. The bank’s ATM services will be functional through the period. In an email…
1
