The City Council of Nairobi has warned that it will be taking over control of parking lots of state organs that owe them large amounts of money in unpaid rates and other charges. The City Council has named Central Bank of Kenya, Vigilance House and Parliament as some of the…

As at the close of trading on the NSE yesterday, the NSE 20-share index stood at 3,635.86 down from 3,653.29 the day before. The All-share index stood at 78.16 down from 78.21 the previous day. The number of shares traded also fell from 17.4 million on Tuesday to the 13.317…

Finance minister Njeru Githae has said he will table the 2012/2013 Budget Policy Paper next week on Thursday 14th of June. This has come at a time when the country is experiencing weak currency against major world currencies. Githae projects that tax revenues in the financial year 2011/2012 will be 14%…

Ecobank Transnational Incorporated (ETI) has been named African Bank of the Year in this year’s Africa Banker’s awards, defeating six other nominees to win the highly coveted prize. The Group CEO, Arnold Ekpe, was also honored with a Lifetime Achievement Award. The annual awards,…

Today being the World Environment Day, here at Pesatalk, we celebrate it by looking at how what we buy affects the environment , and how we can reduce these effects on nature and save money at the same time. Here are some four ways to save on money…

Below is the value of our portfolio as at the close of trading at the NSE yesterday: Share Market Segment Units Latest Share price (KES) Previous Price (KES) Current portfolio value (KES) Previous portfolio value (KES) Mumias Sugar Company Manufacturing and allied 1,350 5.75 5.70 7,762.50 7,695.00 Housing Finance Company…

CMC Holdings has reported a 219% increase in half-year profits for the period ended March 31, 2012. This jump can be attributed to huge net foreign exchange gains and an emphasis on cost control to minimise operating expenditure. Profit after tax, for the six months, rose to KES 383 million…

Investment groups in Kenya, also known as Chama (Swahili for organized group) have become a popular avenue for investors to grow their worth. Quite often, these groups start small and they depend on members’ input for financial advise and assistance. In the last few years several banks have designed products…

Today, 5th June, we celebrate the environment. On this day, you are reminded of the responsibility you have as an inhabitant of the planet. You have the power to become an agent to ensure a cleaner, greener and brighter environment for yourself and the future generations. Just as we are…

Bharti Airtel Limited has signed a five year partnership with Avaya Communications Outsourcing Solutions, a partnership that will see Airtels’ customer care experience extended from traditional voice based to video and social media interactions, transforming Airtel’s customer service experience. Services to be introduced from this partnership…