Save for the recent entrance of rental income taxation, the increase in rent within Nairobi is as well being attributed to the increasing unavailability of upper middle income and top-end rental houses. “We now foresee continuing rises in rents which may take years to return to stability” Hass Consult’s project development…

As Kenya is set to begin an economic recovery after the Central Bank reduced the base lending rate to 16.5 percent after keeping it at 18 percent for seven months, the local economy could also be setting itself up for another round of rising inflation. Since…

say you had a chance to talk to a bank CEO what would you say? Well, here's your chance.

Kenya Banker’s Association (KBA) has promised that commercial banks will start adjusting their base lending rates by the end of this month. This will be in conformity to the recently lowered bench rate by the central bank from 18 % to 16.5%. Speaking during a re-branding…

Uchumi Supermarket will be introducing restaurants and food stores into its outlets across the country. Currently, its food product line includes bakeries, grocery and fruit stores. Introduction of cafeterias in retail stores is a trending practise that has rendered the market competitive. By puting up cafeterias to its food product…

Interest rates for mortgages have been on the downward trend even at a period when the base lending rate was at the 18% peak. This has been revealed at the release of the second quarter mortgage report by The Mortgage Company (TMC) in partnership with…

More Kenyans are taking to Mobile Money transfer as a preferred method of sending and receiving money in the country. According to Communication Commission of Kenya statistics for 3rd quarter of financial year 2011/12, the number of subscribers taking to this mode transacting has increased by close to 6,000 subscribers…

Execution and delivery of government online services is set to exhibit more efficiency after the government awarded Chinese telecommunication firm Huawei a tender to construct a Kshs 6 billion fiber optic infrastructure in the country. The tender, which covers other e-government projects as well, is expected to begin…

Property development and management firm, Hass Consult has today released the results of the Hass Property Index for quarter 2 of 2012. The Hass Property Index is a measure of how housing prices and rents are moving. The report has revealed that there is an ongoing…

Kenya’s Marine Authority is set to sign a Memorandum of Understanding (MOU) with South Korea’s Coast Guard later this week. The MOU is intended to improve security within the country’s coastline. Addressing local media earlier this week President Mwai Kibaki noted that he was ‘pleased to…