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How Much Delaying to Pay HELB Costs You

So the state has assisted you raise your college fees for four or more years. There’s no way you’re not going to pay that back. Apparently, if you attempt to dodge repaying the loan you will pay, and dearly so. Currently undergraduate HELB beneficiaries get a minimum of KES 35,000 and a…
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Where you’ll get the Best Back to School Shopping Deals

August will be a tough month for most parents as they juggle between paying for their kids school fees, cater for their kids back to school shopping expenses, and deal their usual expenses. Different supermarkets have attractive back to school offers. We have analysed these discounted prices and…
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A History Of Banking: The NIC Story

Following part one a week ago we look into the history of banking, Zeroing in on NIC in Kenya and goldsmith banking back in the 16th century, the two tie in together; somehow.
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8 Things You Should Know This Morning

1. Pyramid scheme cheats face 10 years in jail Promoters of pyramid schemes face up to 10 years in jail under a new law passed by Parliament on Wednesday to protect Kenyans from dubious investments.  The private member’s Bill by Ikolomani MP Boni Khalwale will go through…
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High Interest Rates not Beneficial to Banks

The high interest rates that the financial industry has been witnessing are not  helping the banks. Although many banks posted growth in pre tax profits in their half year results for the six months to June 2012, experts say the high interest rates have been hurting borrowers, and…
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Parking Ticket E-Payment Pilot Phase Launched

Orange joins Airtel and Yu Mobile in the City Council of Nairobi (CCN) pilot test phase of e-payment of parking tickets in parts of Nairobi. The pilot phase, which is expected to go for 3 months, will be first implemented on Koinange Street. Motorists parking along…
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KQ Promises Direct Flights to all African Capitals

Kenya Airways (KQ) has announced plans to link Kenya with all of Africa’s commercial and political capital cities by the end of 2013. This means that flight passengers may soon have direct flights to every country in the continent as the airliner continues to roll out…
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NIC Expects Over-Subscribed Rights Issue

NIC Bank expects an over subscription in its ongoing Rights Issue. According to NIC Bank Group Managing Director James Macharia, the trend will not be different from the previous time when the bank went back to shareholders to raise more capital. Macharia…
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IFC Invests 336 billion in Africa for 2012

Within the year IFC funded projects in infrastructure, health, education, small and medium businesses and agriculture.
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8 Things You Should Know This Morning

  1. Health officers ban food hawking after donkeys found slaughtered The Public Health Department in Naivasha has outlawed hawking of food after four donkeys were found slaughtered. The District Public Health Officer, Samuel King’ori, banned the sale of samosa and mutura  until further notice. This came as…
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