Kenyans On Twitter Protest MPs Bonuses (Pictures and Tweets)
Incensed by the MPs move to award themselves a bonus of KES 9.3M at the end of their term, Kenyans on Twitter took to the the streets to protest against the move. Unified under the hashtag #KOTAgainstMPsBonus, they assembled at Bata Hilton and marched to parliament. [View the…
Tallest Residential Building in Nairobi Set for Construction
Kenya is set to see the construction of a 22 storey luxury apartment and business complex that will be the tallest residential building in Nairobi. The project, dubbed Le’ Mac, follows the recent luxury housing boom which has prompted developers like My…
The Scam: KES 800 for a SIM Card
You’ve probably spotted a group of young guys outside Junction Shopping mall, on select days, masquerading as Airtel Kenya promotion agents. Their strategy is simple; they target you, walk up to you and present you with an Airtel SIM card saying it’s yours for free. Once you stop…
CBK Licences 7th Deposit Taking Microfinance
The Central Bank of Kenya has granted a license to Century Deposit Taking Microfinance (DTM) Ltd to carry out nationwide deposit-taking microfinance business. This is the seventh Deposit TM institution to be licensed. Central Bank said that Century DTMs’ primary focus is agricultural finance and,…
Kenyans Rally Against MPs Hefty Bonus
The move, sponsored by MP Adam Kenyan, to pass an amendment to the salary and Remuneration act that gave the MPs a KES 2.1 Billion send off package may have had a larger impact on Kenyans than he thought. When tied with the introduction of a 10% excise duty on…
The Stocks We're Watching Today
Our focus today on Nairobi Securities Exchange stocks watch shall be on the agricultural sector with specific attention to the Williamson Tea counter. We shall also be looking at the Standard Chartered Bank and Mumias Sugar Company counters. See a summary of last yesterday’s share trading here. Standard Chartered Bank –…
Orange Kenya Unveils Credit Airtime Top up Service
Orange Kenya has unveiled a new service dubbed PEWA which allows Orange Kenya prepaid subscribers to purchase airtime on credit then pay later. PEWA is currently available to subscribers who have less than KES 5 airtime on their phones and they can borrow airtime worth KES…
You've Got A Text Message.
99% of Kenyans with an internet subscription (6.49 million as at 31st March 2012) access the internet through mobile devices. With 30 million mobile subscribers, and a mobile penetration of 71.3%, it means that there is a huge part of the population (approx. 25 million) is without access to job listings posted online. How do we reach those guys?
Jubilee Holdings Scoops Best Pension Provider Award
Jubilee Holdings Limited has been named the country’s Best Quoted Company (runner up) and best Pension Provider at the Capital Markets Authority (CMA) Awards 2012. According to the insurer’s official press release, Jubilee scooped the Best Pension award based on stable investment returns and…
8 Things You Should Know this Morning
1. Technicians reactivating fake phones at Sh1,000 Barely a week after mobile phone operators switched off fake handsets, technicians in the backstreets of Nairobi are activating the gadgets for as little as Sh1,000. According to the industry regulator, Communications Commission of Kenya (CCK), the technicians are copying…
Government to Educate Insurance Stakeholders on New Draft Guidelines
The Insurance Regulatory Authority (IRA) plans to host a workshop on draft guidelines for the insurance sector today. According to the Authority’s CEO and Commissioner, Sammy Makove, the IRA will be targeting stakeholders within the industry. Participants will include representatives from the country’s insurance companies as…
Budgeting Your Way Out of Debt
To most, living by a budget is a life void of fun. It’s assumed to be lifestyle crunched with numbers trying to confine oneself to a restricting lifestyle. Done correctly, budgeting ought not to be that way, if anything; a budget should relieve all strain on your financial…
The Stock Market Today
The NSE 20 Share Index closed a 3971.68, a increase of 4.12 from last Friday’s 3975.80 points. The All-Share Index performance was down 0.57 points from last Friday’s 87.54 points to close at 86.97 HIGHEST VOLUMES Mumias Sugar Company was the highest traded counter today with 1.98 million shares traded while…
Will Duty on Mobile Money Affect You?
Finance Minister Njeru Githae has said that the introduction of a 10% excise duty on mobile money transfers and any other fees charged by other financial institutions will not affect the consumer in anyway. The Minister clarified that the duty will be paid by the service providers and will…
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