No Clearing Charges On Cheques
Last week, The Kenya Bankers Association announced that upcountry banks will stop charging clearing fees on cheques issued outside Nairobi starting this July. Cheques drawn on upcountry and remote towns attracted a commission charge to cater for the costs of transportation and other services associated with the clearing…
Forex Trail – 2 July 2012
Below is a table showing the performance of the Kenya Shilling against major currencies on Friday last week: Source: FILE The Kenya Shilling depreciated against major currencies on Friday, losing 0.1% against the US dollar to trade at KES 84.23 compared to…
For Your Weekend Reading
We have put together these articles for your weekend reading. Enjoy! Top 40 Under 40 Women 2012 We have then ascertained each candidate’s age, and considered data on the size of the company, or business (turnover or number of employees), its scope and complexity (i.e whether it is…
The Month in Review
As compared to May, June was a better month for Kenyans as the price of major consumer goods and services dropped. The pump price of super petrol, for instance, dropped by KES 3.46 to retail at KES 117.67 per litre in Nairobi. Figures released by the…
Airtel, Nakumatt Launch Airtime Promotion
Airtel Kenya and supermarket chain Nakumatt Holdings have today announced a countrywide reward program that will see Airtel customers get discounts when they purchase the Airtel airtime in any Nakumatt store countrywide. Speaking at the promotion launch, Airtel Kenya managing director Mr. Shivan Bhargava…
Inflation Down 0.77%
The Kenya National Bureau of Statistics (KNBS) has released Consumer Price Indices (CPI) and rates of inflation for the month of June 2012. KNBS generates the numbers using data collected during the second and third weeks of every month under review to get the CPI. The CPI decreased by…
Upcountry Cheques to Clear in Two Days
The Kenya Bankers Association has announced that upcountry banks will stop charging extra fees on cheques issued outside Nairobi starting this July. This is in a bid to speed up business transactions and also to push banks to decentralize the process of cheque truncation. KBA Chief Executive Officer, Mr. Habil…
Was June Economically Friendly?
With June 2012 almost coming to an end we should expect Kenya National Bureau of Statistics (KNBS) to release Consumer Price Indices (CPI) and rates of inflation for May 2012 soon. To recap on May’s CPI and rates of inflation, the CPI increased by0.26…
Kidero Resigns as Mumias Sugar Boss
Mumias Sugar Company Managing Director Dr. Evans Kidero has resigned. Kidero has resigned as per constitutional requirements of public officers wishing to run for political seats. The former MD is eyeing the Nairobi Governor’s seat in the next general election. He has been at the helm of the…
Private Hospitals Accept Deal from NHIF
The Kenya Association of Private Hospitals (KAPH) on Thursday said that more than 200 of its members have agreed to provide medical cover under the National Hospital Insurance Fund (NHIF) outpatient civil servants scheme. KAPH had earlier demanded KES 6,000 per patient but on…
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