Equity's First Quarter Results
Equity Bank has reported a profit after tax of KES 2,322,787,000 for the first quarter of 2012. This is KES 5.871 billion less than they reported for a similar period last year. Loans and advances rose by 30% to KES 112,853,305,000 as compared to the loans advanced during the same…
Public Parking v/s Private Parking
Finding a parking spot in the CBD can be very frustrating to many motorists. Both private and public parking lots in the CBD tend to be full by 10 a.m and motorists find themselves driving for minutes or even hours searching for available parking space. That aside, are public parking…
NIC Bank Posts Sh723m Profit
NIC Bank Group has announced a 38 per cent increase in profit after tax for the first quarter of 2012, to hit Sh723 million. Managing director James Macharia attributes the increase in profit to growth in loan advances and an increase in non-funded income. Over a…
Will CCK's Move to Shut Down Fake Phones Affect You?
The Communications Commission of Kenya has announced August as the date for shutting down of fake mobile phones in the country after postponing the exercise three times. Now it seems sealed because the regulator has found a database provider that will give information that will assist in tracking…
Safaricom Internet Speed Problem Solved
The Internet problem experienced by Safaricom Internet subscribers, caused by a problem with The East Africa Marine Systems (TEAMS) cable was by this morning solved. The problem affected the 2G and 3G networks. I hope we shall now enjoy faster internet connectivity, that’s if…
PM Asks Banks to Cut Lending Rates
Prime Minister Raila Odinga in statement read at the Banking Survey Awards asked commercial banks to cut down their lending rates to 16%. The premier noted that the government mobilized MPs to vote against capping of interest rates and asked the banks to show appreciation by lending to the people…
Safaricom Internet Speeds Down
Poor internet connectivity caused by TEAMS
Counterfeit Phones Live up to August, says CCK
Barely a week after the Communications Commission of Kenya postponing the shutting down of fake mobile phones indefinitely, the information industry regulator has set August as D-day for the exercise. CCK had postponed for the time exercise citing lack of a conclusive database that would help carry out the…
Private Parking Lots Raise Fee
Private parking lots in Nairobi increase fees
How KPRL Will Help Lower Fuel Prices
The move by the government to upgrade Kenya Petroleum Refinery Limited (KPRL) to merchant status will see the plant import its own crude oil, process it and sell refined products at a profit to the Kenyan market and for export starting July 1. As…
1
