Shelter-Afrique gives 40m Loan for Low Cost housing project
Pan African housing finance and habitat institution Shelter-Afrique, has extended a KES 40million (US$ 500,000) low cost housing development loan to a local housing microfinance institution, Makao Mashinani in a pilot project geared at raising the market supply of affordable…
CMA Finalising on Real Estate Investment Scheme Framework
The Capital Markets Authority (CMA) is in the final stages of developing Real Estate Investment Trusts (REIT). REIT is a framework that will facilitate the financing and management of collective investment in real estate run by CMA. The Capital Markets Collective Investment Scheme Regulations…
Cost of Electricity may Drop Soon
Reuters Africa this morning reported that Kenya Power plans to reduce power tariffs by 10 per cent by the end of the year if energy costs continue dropping. International crude oil prices have been on a decline for the past three months, with the latest…
NIC Rights Issue Gets the Green Light
NIC Bank has received approval from the Capital Markets Authority to carry out a rights issue agreed on by the bank during its fifty second Annual General Meeting (AGM) held in May this year. Read more on the AGM here. Remarking on…
Sunken Chinese Treasures may be on Malindi Coastline
X marks the spot, could the spot this time be in Kenya?
8 Things You Should Know This Morning
A couple of things you are waking up to: 1. How to get a business permit in Nairobi Kenya Manual 2. It will now be impossible to sell or get a mortgage loan using property – land or a house acquired during the course of marriage as…
Chinese President Pledges To Fight Counterfeits Entering African Markets
Chinese President Hu Jintao has pledged to help African countries strengthen their customs departments capacity to control the entry of counterfeit goods. China, a key exporter to Africa has been blamed for most of the fake and substandard goods, ranging from electronics to medical goods, that have flooded…
“my 15 min chat with a bank CEO”: Interest Rates.
Below is what you might have missed in the previous “my 15 min chat with a bank CEO” interest rate chat session Rates hosted by Richard Etemesi, CEO, Standard Chartered Bank Q) Setwin: Will the decision by banks to reduce lending rates have…
Jubilee Scoops 10 Insurance Awards
Jubilee Insurance has won 10 awards at the annual Insurance Awards, 2012 chapter. The company has emerged as the most celebrated company at the awards for three years in a row. Jubilee Insurance was the overall winner in the Marketing Initiative, Medical Insurance underwriter, Life Insurer…
Oil Companies Working Against Consumers
A report represented to the Energy Regulatory Commission (ERC) has revealed that some oil companies have been hoarding fuel with an aim of prompting a shortage that will result into sharp rise in petroleum prices, sentiments that were echoed by the Parliamentary committee on Energy.
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