Retiring? Don't Forget the Kids
Aside from providing the basic needs like food, clothing, shelter and education, the working man is expected to give his children something extra; even after they finally graduate.
The Stock Market Today
The NSE 20 Share Index closed at 4069.33, an increase of 124 points marking another cross into the 4000 points range. The All-Share Index performance better by 0.41 points to close at 87.11. This growth could have been spurred by the launch of the Government Bond index today, that…
Budget, Then Save
A survey conducted by Ipsos-Synovate, late last year, showed that only 50 percent of Kenyans put money aside regularly as savings. 46 percent don’t save, 1 percent had no response while 2 percent refused to answer. Some of the main reasons why 46 percent…
KNUT, KUPPET,Civil Servants Union support NSSF Bill
Three key trade unions affiliated to the teaching and civil service fraternity are set to support the planned tabling of a parliamentary bill to guide the transformation of the National Social Security Fund (NSSF) from a provident to a fully-fledged pension fund. The…
5 Steps to Take before Buying a Home
Whether it’s a bungalow, a maisonette or an apartment, everyone needs a place they can call their own. However, Britam reports that Kenya’s property market can only provide 30,000 houses a year despite a demand for more than 200,000 units annually. What’s more, the number of…
What on Earth Do I Mean?
Nemo dat quod non habet. No, that's not sample text, or a filler just a term that is commonly used in business. One of those terms that businessmen and lawyers use when they want to confuse you. Want to get back at them? Read this story you may demystify a couple of the terms.
How Much Are You Spending on Your Smartphone?
We can’t live without them; we can’t have enough of them. We constantly try to figure out the latest features on them. Like it or not, the smartphone has revolutionized the way we communicate and has become a significant consumer of our monthly budget. So just how much does your smartphone cost…
Bonds 101: The Basics
A bond is a debt instrument used by corporations, governments or municipals to borrow from many people at one time in order to raise their financial capital. They are a promise by the issuer to pay you back the principal amount you used to purchase the bond and…
Company Taxes and Compliance
We've always wondered about it at some point or another. What are the purpose of taxes? Why should we pay it? Most of all what would happen if we decided that we just didn't want to? Well, here you are.
First Independently Calculated Government Bond Index Launched
The Nairobi Securities Exchange (NSE) working with international Index provider FTSE Group has officially announced the launch of the FTSE NSE Kenyan Shilling Government Bond Index today. The index is the world’s first independently calculated benchmark index tracking the principal Kenyan Government bond market. “The launch of the FTSE NSE…
Diaspora Remittances Drop 6.8%
Diaspora money remitted into the country significantly dropped in July as compared to earlier months in the year. According to Central Bank of Kenya reports, in July 2012, remittances to Kenya amounted to US$ 92.7 million (KES 7.88 billion), or 6.8% lower than US$ 99.5…
Auction Price for Kenyan Coffee Rises 9.6%
Kenya’s grade AA coffee top price rose by 9.6% to $342 (KES 29,070) a bag this week from $312 (KES 26,520) last week. This is according to the Nairobi Coffee Exchange (NCE) Wednesday October 3 market report. During the auction, Grade AA COF-AA-KE sold at $132 (KES…
Special Offers from StarTimes
From 1st to 7th October, visit the StarTimes Stand at the ongoing Nairobi International trade Fair, subscribe to a channel bouquet and get free decoders plus special offers. Buy a StarTimes Decoder, subscribe to any channel bouquet for one month and get one month free subscription.
Food Aid in a Smart Card
Over 70, 000 starving households will receive a slice of nearly £17million (KES 2.3 billion) of British taxpayers’ aid through smart cards. Households will be issued with cards credited with funds, which they will from time time to time present to designated accounting places where they will be…
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