Expect Lower Call Rates Following MTR Drop
Communications Commission of Kenya (CCK) has finally announced a cut in the Mobile Termination Rate (MTR) to KES 1.44 from the current KES 2.21, a move that has been long overdue. This is what will see you subscribe to lower calling tariffs as it is expected to bring about fair competition among mobile telephony operators in the country.
Behold, the Shortlist for the New NSSF CEO
This man will be responsible for over KES 100 billion shillings worth of your retirement benefits.
Tullow Finds More Oil in Kenya
Tullow Oil and Africa Oil Corporation have found oil in the second well in the Turkana desert. The Twiga-1 well is said to contain about 100 feet of oil. Tullow found Oil in Ngamia 1 well earlier in the year.
It’s Almost End Month, What to Expect from KNBS
Bearing in mind all the different changes in price of consumer goods and services, this probably what to expect from KNBS soon to be relased CPI and overall inflation rate for November 2012
8 Things You Should Know This Morning
1. NTBS Push Up Cost Of Doing Business in the EAC NON-tariff barriers demanded by regulatory authorities in East Africa contribute to high cost of doing business in the region’s trade corridors, a new survey launched in Nairobi on Monday revealed. The survey by Transparency…
Visa-Free Trips to Mauritius This Holiday Season
Mauritius recently eased its Visa regulations for 29 African countries including Kenya. This means a
Global Access For Ecobank Customers
“Western Union is pleased to strengthen this mutually productive and beneficial relationship with the inclusion of electronic banking channels that are customer-centric and technologically advanced.” Jean-Claude Farah, Senior vice president Western Union, Middle East and Africa. In a move that will further cement their…
CORRECTED: Barclays Q3 Pre-tax Profits Up 4%
Barclays Bank saw its profit before tax grow 40% in the 3rd quarter of 2012 in a period where banks enjoyed charging high interest rates on new loans borrowed by customers. CBK has since reduced the base lending rate to 11%.
NIC Bank Reports 35% Profit Growth in 3rd Quarter
NIC Bank has reported a 35% profit after tax growth in the 3rd quarter of 2012 earning interests on loans in tunes of KES 6.96 billion in the period. Commercial banks charged high interest rates on loans in the period.
Will Airtel Be The First To Join The 4G Network?
Bharti Airtel, on November 19, 2012, said that it has undertaken an end to end network transformation program across its mobile operations in 16 African countries. The program, which is the largest of its kind on the African continent, in partnership with Ericsson, involved a comprehensive upgrade and…
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