CBK Rate Cuts Re-Ignites Activities in Real Estate
With mortgage rates going down in the third quarter, property asking prices jumped in the last three months on hopes of renewed activity.According to property development consultants Hass Consult, the rental market largely absorbed the price increases of the third quarter,…
yuMobile BlackBerry Services for Retail, Corporate Clients
Mobile operator yuMobile recently unveiled its long awaited BlackBerry Service Plan, giving both its retail and corporate subscribers an option of eight BlackBerry service to pick from. The service plans include: i) BlackBerry Internet Service (BIS) The Blackberry Internet Service is…
Real Estate and the Law II
Sitting at one of Kenya’s rural courts one day, I witnessed the drama of a land-related family wrangle between men in their 70s and 80s. They claimed that their deceased father’s wishes regarding the division of the land were not being respected. I have a feeling the reason…
Just What Does Orange Price Review Mean?
Orange Mobile yesterday announced that it had simplified its wireless internet bundles in an alignment of its data bundles. This also meant an upward review of the prices of some of its unlimited internet plans. Let’s compare these adjustments to what the other mobile service providers…
Get a Yamaha Motorbike for KES 350 A Day
Toyota Kenya’s two wheeler wing, Yamaha, has rolled out a nationwide campaign to encourage the youth and other entrepreneurs to take advantage of a financing deal that will allow customers to purchase a Crux motorcycle for KES 350 a day. This, Yamaha says, is…
The Soap Opera Scandal Within CMC: Part One
Scandal surrounding CMC started when long-serving CEO Andy Forster was ousted by the board on alleged nonperformance in March 2011. Six months later, CMC would be on its third board chairman, attracting the attention of government regulators to sort out the fiasco involving boardroom cliques fraud and corruption allegations.
Higher Electricity Bills This Month
Get ready for higher electricity bills this month as Kenya Power adjusts the Forex Adjustment and Fuel Cost Charge components of electricity bills upwards. Electricity consumers will this month be required to pay KES 6.08 per kilowatt hour in fuel cost levy, up from KES 5.99 per kilowatt hours…
The Stocks We Are Watching Today
The securities exchange finally crossed the 4000 mark 2 days ago and has thus far kept on gaining. Today we shall be keeping our eyes on Standard Chartered Bank rights, Uchumi Supermarket and Transcentury Limited. A summary of yesterday’s trading activities can be found here. COUNTERS Transcentury Ltd – The…
Introducing….. Britam
We have seen them everywhere. I am Britam ads pop up round every corner but who exactly is Britam. This series will take you through demysitfying the financial service provider and help you understand them a little more.
Barclays Unveils New Corporate Shariah Asset Finance
Barclays Bank of Kenya has today launched a Shariah compliant Asset finance product tailored for corporate customers and re-launched an enhanced Vehicle Finance product for the Retail market. The product dubbed La Riba Asset Finance will enable corporate customers wishing to acquire moveable assets both…
Conservancy to Build Houses Next to Wildlife Reserve
Ol Pejeta Conservancy has announced plans for the construction of an estate that will be located next to a wildlife reserve on the outskirts of Nanyuki town. The project, dubbed Mount Kenya Wildlife Estate is part of an initiative aimed at generating income that will…
Why Second Hand Laptops May Not Be a Bargain
Facebook, the world’s most popular social networking website, is a buzz with commercial activity. A quick search for groups dealing in trade revealed that Kenya has quite a number of these pages that offer new and used electronic goods for sale, as well as dogs, clothes, shoes, food (yes, you read right) and oddly, shambalas. Are things so bad that Kenyans can't afford to buy things first hand?
8 Things You Should Know This Morning
1. Kenya Clears KES 4.4 Billion Arrears at The UN Kenya has entered the United Nations roll of honour after being named as one of the UN member states which have cleared all their outstanding dues. Out of 193 countries, only 31 were fully…
The Stock Market Today
The performance of the Nairobi Securities Exchange was the best the year has seen yet. The NSE 20 Share Index performance was up 2.92 points to close at 4032.41. The All-Share Index performance was also up 0.13 points to close at 88.02 HIGHEST VOLUMES…
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