Sharia compliant banking, what exactly does it entail?

Sure, we all like to buy new, but there are huge money savings to be made in buying used. If you are looking to get the most value for your shilling, it would do your wallet good to check out secondhand options. Many used goods still have plenty of life…

There’s a TV advert by Kenya Power of a man who strives by all means possible to cut down on his electricity bills. He prohibits ironing of clothes in his house, unscrews light bulbs from every room to prevent his family from accidentally leaving lights on,…

As of this morning you can buy a standard DStv decoder for KES 4,500, down from KES 5,999. After buying the decoder you will then choose a channel bouquet of your choice. Let’s break down how much you will actually pay when you buy the decoder…

In yesterday's budget speech, the finance minister said that he had instructed KRA to immediately revert their taxation method on second hand clothes. KRA raised the taxes on 20-foot containers of mitumba by 73% raising the cost of mitumba clothes significantly. With the ministers decision on the taxation on second hand clothes, the prices of mitumba should drop soon.

We know Benjamin Franklin well for his aphorisms. He is highly quoted when it comes to making and spending money. What’s interesting is that this advice was given more that 200 years ago, and it still makes sense in today’s world. In one of his many essays, Benjamin writes on…

There are far too many disservice providers in this country- from electricity, to water, Internet services, transport, etc. And as Kenyans crave for quality service, the government proves toothless on this issue. One wonders what role the Kenyan government plays in terms of service…

Safaricom Ltd yesterday reduced its off-net calling rates from KES 5 to KES 4 per minute, in promotional offer valid from 6th June 2012 to 5th July 2015. Airtel, Kenya’s second largest mobile service provider, has joined this battle for…

Unfortunately, many unsuspecting people are scammed everyday in Kenya. Scams target people of all backgrounds, ages and income levels across the country and there is no one group of people who are more likely to fall victims than the other. Many have lost their life savings…

43 commercial banks. 112 foreign exchange bureaus. 6 deposit taking microfinance institutions. 4 representative offices of foreign banks. 2 credit reference bureaus. 1 mortgage finance company. ~ This is how the Kenyan banking sector looks like as at the end of March 2012.