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…
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…
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.
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…
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…
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…
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…
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…
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…