NIC Bank Nets More than 2 billion to June
Profit grew mainly on higher interest income which doubled to 5.6 billion shillings from 2.72 billion last year amidst a high interest rate environment
8 Things You Should Know This Morning
1. CCK rules out compensation for fake mobile phones Owners of the more than two million counterfeit phones that are expected to be switched off next month will not be compensated. The Communications Commission of Kenya (CCK) says it has reached an agreement with the Consumers Federation of…
CCK Delay Eats Into Dealers' Profit
Dealers in television sets are wary over delayed proceeds. This is being attributed to Communication Commission of Kenya (CCK) delayed issuance of licenses to television manufacturers who cannot start shipping the sets before the licensing from the regulator. LG Electronics Kenya Corporate Marketing Assistant Manager…
CFC Chief Shareholder to take up 60% of Rights Issue
CFC Stanbic Holdings‘ key shareholders Stanbic Africa Holdings Limited (SAHL) has disclosed that it will take up its full entitlement in the upcoming Rights Issue. This has been revealed by the CFC Stanbic Holdings(CSH) board in a statement on the disclosure of…
CMA approves CFC Holdings Rights Issue
The Capital Markets Authority (CMA) yesterday approved a Rights Issue for CfC Stanbic Holdings. A statement from CMA says that the Rights Issue was approved in accordance with the requirements of Regulation 11 of the Fourth Schedule to the Capital Markets Regulations,…
Beba Card, Why Not?
Joining Kenya’s cashless payment modes earlier this year was Google’s Beba Card. The NFC-enabled card comes in handy at budgeting for the month, and in reducing the hustles that come with payment of fares by cash. Most of us were also secretly hoping that the card would,…
Get a Smart Phone of Your Choice on Credit
Safaricom Limited is offering you an opportunity to buy a smart phone of your choice on credit in 12 monthly installments. This product dubded: Smart Choices for a Smart Lifestyle, Safaricom gives you an opportunity to buy a smart phone through either bank financing or credit…
Pay Your Water Bills and Avoid Disconnection
Nairobi City Water and Sewerage Company (NWSC) notify all customers with outstanding bills to make payments immediately. NWSC is carrying out water disconnection for all customers with outstanding water bills. NWSC water bills can be paid in one of the following methods: In person…
A History of Banking: The NIC Story
How did Banking begin? Not Egypt, that's easy example. Let's go back, back to the assembly of humans into small kin groups way before Egypt.
8 Things You Should Know This Morning
1.Rivalry brings down Thika Road fares Bitter rivalry between public transport companies and the completion of the Thika Superhighway has seen fares plunge by as much about a third to the relief of consumers. Fares for commuters between Thika and Nairobi fell from mid-July as a result…
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