10 Million Shillings for One Share?
10 million shillings is many things. Food for entire villages, schoolfees for entire communities, brand new Mercs. 10 million is also the price of one class A share in Berkshire Hathaway, Warren Buffet's company.
Thirteen Thousand Homes and Thirteen Thousand Cars. Lost.
Thirteen thousand 4-bed maisonettes and thirteen thousand Premios (one for each home) would cost about $2 billion, 167 billion shillings.
That is the amount of money that JPMorgan Chase has lost in the last two weeks.
Don’t Expect Significant Reduction in Electricity Bills Following Heavy Rains
Kenya Power announced that it will lower this month’s fuel levy charged from 742 cents/kwh to 697 cents/kwh, following the heavy rains that have been encountered lately. I embarked to calculate how low this months electricity bill would be following this reduction. The fuel levy charge accounts for…
Let Your Shoes Charge Your Phone for You!
Thanks to the rate of technology uptake in Kenya, new innovations are being seen that are changing Kenyans’ lives for the better. From mobile phone applications in the health, agriculture and business fronts to leisure and social arenas, live has been changing for the better. All these developments have an…
Do You Know The True Cost Of Owning That Car?
Cars are selling like hot cake in Nairobi and every Tom Dick and Harry wants to own one since the buying prices are relatively affordable.It is also becoming a status quo thing, where people are simply buying cars to belong, or to earn a certain respect among the…
The Story of The Boy and the Sundae
A story is told, from many years ago when a 10-year-old boy walked up to the counter of a soda shop and climbed onto a stool. He caught the eye of the waitress and asked, “How much is an ice cream sundae?” “Fifty cents,” the waitress replied. The boy reached…
When One Expense Leads To Another
Have you ever bought one thing only to realize that this one purchase led to another? And another? And another? I have, and it can be very frustrating. I decided to get a new phone a year ago and after shopping around I found this ideal…
Your KPLC Prepaid Tokens To Cost You 36% More
Kenya Power is set to implement its new tariff by July after getting consent from the government to do so. Click here to read more on this. The new tariff system increases the fixed charge by 33.3%, from KES 120 to KES 160. It also increases energy charges as follows:…
Beer and Cigarette Consumers Top on Taxman's List
Kenya Revenue Authority (KRA) will be targeting beer drinkers and cigarette smokers in the next tax collection period. These consumers will feel the tax weight in the tax man’s bid to collect Sh150 billion more in the next period to finance the Sh1.45 trillion budget. This will see…
Never Put All Your Eggs in One Basket
One of the lessons we can pick up from dating and bring it over to investing is that diversification is good. You do not want to put your everything in one place. What happens when it all comes tumbling down on you? Diversification is a good way to…
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