Real Estate and the Law I
Nothing spells affluence better than owning prime property. If you doubt it, pay a visit to Vipingo Ridge the next time you are at the coast. You will be forgiven for thinking that you are in another country. While the rest of the world stoops under the weight…
Bob Collymore Speaks Out on Mobile Money Taxes
Safaricom Limited CEO Bob Collymore has said that the tax burden following the introduction of a 10% excise duty on Mobile money transfer will have to be borne either by the company’s shareholders (of which Government represents 35%) or its customers. In an emailed statement to pesatalk, he said that there was…
KWFT Partners with Samsung to Boost M-Banking for Women
Deposits taking microfinance institution, Kenya Women Finance Trust [KWFT DTM] in conjunction with consumer electronics firm, Samsung Electronics East Africa [SEEA] have entered a partnership to promote the uptake of mobile technology solutions among women. The joint programme by KWFT DTM and Samsung is…
Is The Mobile Number Migration Coming To An End?
To promote effective competition in the mobile market segment, Communications Commission of Kenya (CCK), in April 2011, introduced the Mobile Number Portability (MNP), a service that allows mobile subscribers the flexibility and convenience of migrating to a mobile network of their choice yet still maintain their original mobile…
Positive Trends in Mobile Money Transfer Sector
Latest statistics from Communications Commission of Kenya (CCK) show that the number of mobile money transfer subscriptions has grown by 2.73 percent to stand at 19.50 million during the period between April and June 2012 in comparison to 18.98 million recorded in the period between January to March…
NCE Auctions to Be Done Every Two Weeks
Coffee auctions at the Nairobi Coffee Exchange (NCE) have been cut to be held every two weeks, contrary to the previous weekly basis, owing to low supply and depreciating stocks at the exchange. The volume of coffee offered for sale at the Nairobi Coffee Exchange (NCE)…
Best Places to Work in Kenya
A survey carried out by Deloitte & Touche (‘Best Companies To Work For Survey 2012’) has revealed that East Africa Breweries Limited is so far the best company you can work for. Kenya Women Finance Trust (KWFT), a micro-finance firm came second. …
The Stocks We're Watching Today
In light of the anticipated global increase in tea price, our focus on the Nairobi Securities Exchange shall be on the Williamson Tea counter. We shall also be looking at Scangroup Ltd and Standard Chartered Bank, because of the rights issue that commenced yesterday and the expansion plan.
Government Pushes for Transparency in the Insurance Sector
The Internal Revenue Authority (IRA) is making moves to ensure transparency and effective service delivery within the insurance sector. According to the Authority, the initiative will enable Kenyans to better understand their cover policies as well as enforce a more open system of information within the…
8 Things You Should Know this Morning
1. Kibaki Rejects KES Billion MPs Bonus Package President Kibaki on Tuesday night shattered the MPs dream of a Sh2 billion sweatheart send off when he declined to sanction the deal stating the country’s economy was unable to shoulder an extra financial burden. “The President objected to the amendment…
Mobile Money Subscriptions Expand 12.13%
Mobile money transfer subscriptions grew by 12.13% from 17.3 million recorded at the end of the financial year 2010/11 to 19.5 million at the end of the 2011/12 financial year. This is according to a recent statistics report by the Communication Commission of Kenya…
Let the Taxpayer Eat Cake
“Finally I recalled the stopgap solution of a great princess who was told that the peasants had no bread, and who responded: "Let them eat cake”." When the rich make decisions that affect the poor they can't be objective. because they can't see how such circumstances can exist. That's just they truth.
How Government Acquisition of Land Works
Your land may become desirable for acquisition by a public body subject to the relevant Minister's discretion. The government must compensate you if this happens according to the Laws of Kenya.
The Stock Market Today
The NSE 20 Share Index edged closer to the 4000 mark having closed at 3983.16 points, a increase of 11.49 from last yesterday’s points. The All-Share Index performance was up 0.22 points to close at 87.19. HIGHEST VOLUMES Mumias Sugar Company was the highest traded counter again…
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