Invest From As Low As KES 1,000
Old Mutual Kenya through its twitter handle has announced a reduction on the initial minimum amount you can invest in i-Invest from KES 4,800 to KES 1,000. The offer is valid until 1st Aug. #iINVEST OFFER: Min. Initial Investment amount reduced to KShs 1000. Offer Valid…
8 Things You Should Know This Morning
A couple of things you are waking up to this Wednesday morning: 1. India replaces Emirates as top source of Kenya imports– Business Daily 2. The steady decline of crude oil prices in the international market is pushing up local demand, as pump prices take a downward spiral…
Internet Trading of Kenyan Shares to Fully Implement from December
Trading of shares at the Nairobi Securities Exchange (NSE) via the internet will being implementation by most Kenyan stock brokers starting December this year following an initiative by the East African Securities Exchanges Association (EASA) to automate the entire process of transacting securities in East African markets.
Young Entrepreneurs Take Real Estate Head On
A group of four young entrepreneurs have bet their fortunes on the lucrative real estate sector, creating a 30-home multi-million development, Sigona Valley, as an exclusive gated community located in a serene environment in West Nairobi. In their late 20s, Kiminiti Wanjari, Ian Kahara,…
Flower Sector shows 2% Drop in Growth
Kenya’s flower sector annual production has dropped. The Kenya Flower Council (KFC) chairman Richard Fox said that, “the high cost of production has forced the slump to 2% from 10% percent.” He was speaking after a KFC annual general meeting held in Naivasha. Statistics from the…
KRA's Revenue Collection Grows 78.2% in 5 Years
Kenya Revenue Authority (KRA) has grown its revenue collection over the past five years by 78.2% to KES 707.3 billion in 2012 from KES 397 billion in 2007. The revenue collection by the tax man has been growing year-on-year with Financial year 2010-2011 witnessing the largest…
Kenyans Unhappy With Banks Over Poor Service
In a banking survey conducted by Infotrak, Kenyan customers expressed dissatisfaction with the services provided by the various commercial banks in Kenya. In the poll which was conducted between 19th and 20th of July this year, 39 per cent of the respondents selected from the upper and middle…
Plans to Increase Power Tariffs Suspended
The energy regulator (ERC) has stated that Kenya Power’s application for a 25 per cent increase in power tariffs, which would result in higher electricity bills, remain suspended as ERC awaits the findings of an independent study it has launched to determine the actual cost of providing power…
8 Things You Should Know This Morning
A couple of things you are waking up to this morning: 1. In what seems to be a deal gone sour, a section of members of parliament have threatened to reintroduce a law seeking to control bank interest rates. Daily Nation 2. Reprieve for consumers as ERC…
40% of Kenyans Would Prefer not to Take Loans
The latest poll by Infotrak in conjunction with Consumer Federation of Kenya revealed that out of 1,000 respondents, 60 per cent would consider taking a loan with exist commercial banks while the remaining 40 per wouldn’t. 58 per cent feel that commercial banks do…
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