Banks to be Liable For Agents' Actions
Banks will now be liable for the actions of their appointed agents in regard to service rendered to clients on their behalf. In a bid to protect bank clients, Finance Minister Njeru Githae said in the budget statement 2012/2013 that the government is committed to ensuring that the clients’ interest…
What Brought Down Fuel Prices?
Energy Regulatory Commission (ERC) yesterday reviewed fuel prices, lowering pump prices for super petrol, diesel and kerosene by KES 3.46, KES 2.93 and KES 3.80 per litre respectively. Super petrol will now retail at KES 117.67, diesel at KES 105.51 and Kerosene at KES 83.20. So, what factors…
Petrol Price Drops by KES 3.46 a Litre in Nairobi
Our pump price projections were almost accurate with our diesel price estimates narrowly missing the exact price by KES 0.07. That aside, the price of super petrol has dropped by KES 3.46 to retail at KES 117.67 per litre in Nairobi. Diesel will retail at KES 105.51 per litre, down…
Energy Regulator is Actually Saving Us Money on Fuel
In the recent past, there have been debates from both the public and parliamentarians, on whether or not the Energy Regulatory Commission (ERC) should be disbanded. The ERC has been blamed for not acting in the interest of consumers, a concern brought about by the continuous upward trend in fuel pump…
Kenya Airways Shareholders to Get Low Dividend
Kenya Airways directors have recommended payment of a first and final dividend of KShs 0.25 per share for approval by the shareholders at the forthcoming Annual General Meeting to be held on 27 September 2012. This final dividend is down from the previous period’s dividend of…
KQ Pre-tax Profits Dip
National Carrier Kenya Airways‘ profits before tax have dropped to Ksh. 2.15 billion down from Kshs. 5 billion the previous period. Speaking at the release of the results Thursday, Group CEO Titus Naikuni attributed this drop to high fuel prices that made operations for the airline industry…
Budget ya Masufferer
[View the story “Budget ya Masufferer” on Storify]…
Should You Rush for Your Master’s Degree?
A master’s degree probably won’t get you your first job, but it will get you your third.
Energy Regulator Set to Review Pump Prices
Today is a very busy day in the area of finance. Among the many announcements set to be made today are KQ’s results, the National Budget, and the Energy Regulatory Commission (ERC) is expected to review pump prices for the period between 15th June 2012 to 15th July…
Red Cross Offers Cheap Ambulance Cover
Kenya Red Cross Society has started an affordable ambulance service for Kenyans through its Emergency Medical Services (EMS). The service dubbed Jisajili Ujiokoe allows subscribers pay as little as Kshs. 14 a day for family ambulance cover through EMS and Emergency Plus Medical Services. E-Plus is Kenya…
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