Now is Too Soon to Tell
Sometimes, one really does not know what tomorrow brings with it. We might consult all planners and predictors, but it always comes down to: no one has seen tomorrow yet. Looking at it this way, life’s future experiences remain a box we are yet to open. The decisions we make…
CIC Insurance to List on the NSE
CIC Insurance is set to list on the Main Investment Market Segment (MIMS) of the Nairobi Securities Exchange (NSE). The insurance company will offer 25% of its authorised share capital. According to Reuters, the Capital Markets Authority (CMA) has approved this listing by mid-June this year. The listing would…
Investors Becoming Victims of Their Own Greed?
The recent revelation that some investors had lost millions of shillings of their investment to a product linked to CIC Insurance raised eyebrows. The product in question had characteristics similar to a pyramid scheme, handling huge sums of money and promising high returns in short periods.
Drama at NHIF Over New Tariff Scheme
There was drama at National Hospital Insurance Fund (NHIF) headquarters today as board chairman Dr. Richard Muga asked NHIF chief executive Richard Kerich and four other managers to step aside. Hours later, the chairman of NHIF board announced that Dr. Kerich and the four had been sacked…
NHIF Stopped from Effecting New Tariffs
The National Hospital Insurance Fund (NHIF) has been directed to hold for sometime its plans to start deducting from workers contributions based on the new tariffs. (Read: New NHIF Tariff Takes Effect in June) Vice President Kalonzo Musyoka directed Labour minister John…
Is COTU’s Argument Against NHIF New Rates Reasonable?
Central Organization of Trade Unions (COTU) has issued a 14 day strike notice over the new National Hospital Insurance Fund (NHIF) rates. Are COTU arguments valid, or is NHIF working in the worker’s interest? Francis Atwoli, COTU Secretary-General, has raised several arguments…
New NHIF Tariff Takes Effect in June
The National Hospital Insurance Fund (NHIF) will effect its new tariffs beginning of June. The announcement by NHIF comes after a bid by The Central Organization of Trade Unions to block the proposal from taking effect was defeated. The new rates which were projected to start May, will now take…
When the Big Money Knocks Unexpectedly
When you have not planned to get money and it comes your way, does it become very difficult to plan for it thereafter? Winners of Jackpots, mega athletes, musicians, actors artists and other sportsmen and women fall in this category of people who sometimes sleep poor and wake up amongst…
The Best Place to Retire on Earth
Cuenca, Ecuador has been forwarded as the best place to retire on earth and it sounds lovely. Truth is, it's Nairobi.
Save for Your Child's Education Early
Educating children is probably the second most expensive item on a family’s list of inevitable things after food and shelter. The cost of taking children through an education right after their birth is a consuming factor that many people have never put into consideration. Right from the time the little…
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