Ecobank Kenya has plans to open four new branches in Kenya. Incorporated as Ecobank Transnational Incorporated (ETI), the bank entered the Kenyan market in 2008 at difficult time from the industry due to the post election unrest evidenced in the country. The bank currently has 24 branches in the…

Last week, the NSE 20 share index closed at 3,704.70 points while the all-share index closed at 67 points. This is the highest level that the all-share index has closed at this year as shown by the graph below: Source: Bloomberg The NSE all share index is a market…

Last week’s auction of the 91-day Treasury bills saw only a 1.31% rise in the interest rate from 10.54% in the week ended 15th June to 10.68% last week. Meanwhile, the 182-day commercial paper marginally increased to 10.86% during last week’s auction up from 10.74% the previous week. Demand for…

Early this month, Kenya Airways announced changes to its Summer Schedule. The airline suspended flights to Muscat and Rome effective immediately until further notice due to capacity optimization across the network. The airline introduced a new direct flight to Dubai which will operate three times a week with late evening…

The Kenya Shilling saw improved performance against major currencies last week. Below is a table comparing its performance against major currencies in the past two weeks: Source: FILE The Kenya Shilling last week appreciated against the US dollar and Sterling Pound by 1.12 percent and 0.16 percent respectively. This…

A recent report by the United Nations Trade Agency is calling for coordination and harmonization of mobile money in East Africa. The report states that the rapid growth of mobile money, specifically in East Africa calls for an effective and robust legal and regulatory framework.  The report further…

With the weekend coming to an end, we have compiled a few money quotes from presidents, movie stars, philosophers, athletes and even Paris Hilton, to jump start your week. “Early to bed, early to rise, keeps you healthy, wealthy and wise.” – Benjamin Franklin “Money is like a…

Each human being always desires a good, comfortable life as they proceed through age. In Kenya, the economic difficulties have not been giving youngsters much option as regarding good living. Thanks to creativity and ‘survival for the fittest’ mind set, most people try to earn as much comfort and quality…

Some five stories for this weekend’s reading. 10 Easy Ways To Save Money On Clothes  Clothes are a forbidden area of discussion especially for ladies, and today I write about 10 simple ways we can spend less on clothes, without looking less stylish. Gentlemen, don’t look away just…

With the digital migration fast gaining momentum, we have compiled a simple guide in regard to the costs associated with migrating to the digital TV world. Our table contains installation fees and monthly rates for the channel bouquet.