International Hotel Chains commit to invest in Kenya
More than half a dozen leading International hotels have confirmed plans to set up their operations in Kenya, as one of the key outcomes in the on-going Africa Hotel and Investment Forum (AHIF) conference. The two-day conference hosted by the Kenya Tourist Development Corporation (KTDC) appears…
Does Agent Banking Threaten M-Pesa?
What did Banks do when the rolled out agency Banking? They targeted these outlets to double up as their agents. It worked out nicely to begin with because the concept was easier to sell to people already involved in provision of financial services. And M-Pesa got mad, very mad.
8 Things You Should Know this Morning
1. City Hall Sends Notice to Defaulters City rate defaulters could lose their property if they fail to pay full arrears and penalties as the City Council of Nairobi (CCN) prepares to move to court, seeking orders to take over plots and houses.City Hall told the Business Daily it had on…
Brand New Rail System, Coming Soon
The Kenya government has made plans to start the construction of a new railway line, linking Mombasa Kampala, through Malaba. According to the Ministry of Transport, Kenya is set to receive a brand new railway that will put the old one to shame. Aviation, Tourism, Travel and…
The Stock Market Today
A summary of share trading activity at the stock market today
The Balanced Money Formula
The Balanced Money Formula, also referred to as the 50-30-20 Balanced Money Formula, is a budgeting guideline proposed by Elizabeth Warren and Amelia Tyagi. It’s based on the ideas that work and no play creates a mindset of deprivation. It is thus ideal for those who love spending,…
Numbers Say: Agriculture vs Real Estate
Hypothetical Situation: you have an idle 1-acre piece of land that you intend to make money off. You’re paying land rates and the value of the land is increasing slowly, but it’s not translating to any cash flow. With that piece of land, would you take…
Free Education Program Funds Released
The treasury has released KES 6.3 billion for Free Primary and Free Day Secondary Education. Approximately 6,075,706 children will benefit from this funds, which have increased the primary education completion rate to over 95% today from 62% in 2002. Education Minister Mutula Kilonzo had asked for KES 1.77 billion for Free Primary Education. he had also…
Private Schools Could Pay Extra in Fees
The Ministry of Education has rejected a petition by private schools to close in early November as planned, saying that they will have to run their school terms for an extra 3 weeks like the rest. This means that parents might be asked to pay additional school…
Housing Loans: Know Your Options
Applying for a mortgage is a task that should not be taken lightly. Despite there being a variety of mortgage lenders in the country, not many people know what the best rates are. Based on data collected from Hass Consult, one of Kenya’s biggest…
Couple Wins House In Ecobank's Promotion
Sophie and Berry Odhiambo won a 3 bedroom bungalow worth KES 5 million in Ecobank’s Angukia Hao na Ecobank promotion. The promotion was a three month deposit mobilization. Joseph Kipkirui Ngetich and David Mwangi Rukwaro, first and second runners up took home KES 1,000,000 and KES 500,000 respectively.
StarTimes to Roll out its Signal in Malindi
With the digital migration fast gaining momentum, StarTimes Media Kenya, through its Facebook page, has announced plans of rolling out its signal in Malindi by the end of September 2012. In addition to Malindi, the signal will cover Watamu, Tramonto a manbrui, and Mangrova.
The Hole
Were you one of those who did a Luhya celebratory dance when the new Constitution was promulgated? Did you clink beer bottles and feel in your heart of hearts that it was “a new dawn” and all of Kenya’s problems were now a thing of the past? Well there's a hole there. A gaping one in fact.
Why do Interest Rates Change?
Interest rates seem to be fluctuating quite regularly. The only question left is why? It seems to be a simple issue of supply and demand, but it can't be that simple; can it?
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