Low Income Earners' Hope Of Owning Homes
Deposit taking microfinance institution Rafiki has embarked on mortgage lending targeted for low-income earners and individuals in the informal sector. The company has said it plans to commit 25% of its loan book to home loans. Rafiki plans to roll out home loans of between Ksh1 million…
Africa's Retail Giant to Open Shop in Kenya
As some retailers exit the Kenyan market and others seek to expand, others have been eyeing it and are ready to pitch tent. Massmart Holdings Ltd, a leading South African retailer will open shop in Kenya through its subsidiary, Game. According to…
Closing Bell – 9 July 2012
INDICES The NSE All-Share Index today lost 0.13 points to close at 82.18 points from last week’s close of 82.31 points while the NSE 20-Share Index closed down 2.26 points at 3,791.06 from 3,793.32 points yesterday. Source: FILE HIGHEST VOLUMES…
City Council To Take Over Property Over Debt
The City Council of Nairobi will be auctioning its debtors’ property and seize business premises in a bid to recover a Ksh 47billion debt owed to it in rate defaults. Last month the City Council took over the COMESA parking lot at Kenyatta…
Latest setback for Kenya’s Tea industry
Kenyan tea growing companies now face their latest challenge as the commodity’s exports to Iran, a main importer of Kenyan tea, come under threat owing to US trade sanctions placed on Iran which have diminished the country’s US dollars used for importing goods, the Business Daily reports.
Our Projections for Fuel Prices
The Energy Regulatory Commission (ERC) is expected to review fuel pump prices for the period 15th July 2012 to 15th August 2012 on 14th July 2012. We project a drop in pump prices following a decline in international crude oil prices. The…
CCK Board To Scrutinize 6 For Director-General's Post
The Communications Commission of Kenya board has been handed a short list of candidates who will be interviewed to fill the post of the Commissions director-general. The post fell vacant following an order issued by the High Court in August 2011 instructing Mr. Charles J.K. Njoroge…
Safaricom introduces Internet Bundles Purchase via Scratch Card
Safaricom has introduced a new service that will allow subscribers to top up data bundles via scratch card.
Servis to Exit the Kenyan Shoe Market
Pakistan’s leading footwear manufacturer and exporter, Servis Group will cede its Kenyan shops to Kwanza Shops beginning next week. It is not yet clear why the leading footwear brand and retailer is closing shop barely two years after its venture into the Kenyan market, but speculations are pointing…
Weekend Reading
Here is this weekend’s collection of links on articles from around the web. Enjoy! As Africa’s consumers rise, so does inequality But the wealth on show at the mall has a flip side. The consumption boom has been fueled by fast-growing credit. In Kenya and elsewhere…
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