Drop in interest Rates to Go on, says KBA
Two weeks after the Central Bank of Kenya cut its base lending rate to 13%, more than 12 banks have followed suit and lowered their rates by different margins. The news for lower lending rates is welcome for borrowers as they will be relieved from the high interest…
Planning Ahead: Life Insurance
With life insurance premiums paid in 2012 set to hit KES 427 million up from KES 374 million in 2011 it seems Kenyans are more interested in getting life cover. But what are your options?
How Much have Banks Cut Lending Rates?
The last two weeks have seen most commercial banks in the country lower their base lending rates by different margins. This move came after the Central Bank of Kenya‘s Monetary Policy Committee (MPC) lowered its base lending rate (CBR) by 3.5 percentage points to 13%…
Okoa Jahazi, What You Might Not Know
Okoa Jahazi is a service by Safaricom that lets you access airtime on credit and pay later. Considering the fact that most of us have at one point desperately needed airtime but were unable to purchase some due to one reason or the other, this service is helpful…
8 things You Should Know this Morning
1. Security Firms Making a Killing in Piracy Fight According to Pirates and Privateers: Managing the Indian Ocean’s Private Security Boom, released recently, sheds light on the involvement of the security companies in fighting the sea crime.They charge between $5,000 (Sh400,000) and $20,000 (Sh1.6 million) per…
Balancing Your Budget: Part 1
Halfway through the month, most guys tend to be broke by now. No matter how much they earn, it somehow isn’t enough to push them till the end of the month. Money Problems Money Solutions, an online personal finance site have identified a solution to this:…
Stocks We Are Watching Today
The shares we will be closely watching at the stock maket today
'I've Got A New Job Now On The Unemployement Line'
I am a writer. Not a journalist or anything, just a creative writer. Somehow I must find a way to get this to pay my bills. I must.
Speedy KRA Clearance System to Rescue Consumers
The Kenya Revenue Authority (KRA) is working on a plan to ensure speedy clearance of goods in the region. Once in place, the Authorised Economic Operator (AEO) system is expected to eliminate delays of clearance and delivery of imports. According to the Kenya…
Government to Introduce More Effective Public Service Centers
You may soon say goodbye to long queues in public offices as the government makes plans to introduce convenient civilian service centers across the country. The government has decided to improve service delivery in the public sector. According to the Cabinet, the government plans…
The Stock Market Today
A summary of share trading at the stock market today
New KRA Regulations To Increase Cross-Border Business Costs
Kenyan importers and investors in neighboring Uganda and Rwanda have decreed an increased cost of doing business. This follows the Kenya Revenue Authority (KRA) announcing that all goods passing through the Mombasa Port should will pay cash bonds. The cash bonds will be expected to be equal to the…
Cheaper Flights no Longer a Dream.
As the last quarter of the year approaches, the realization of cheaper flights edges closer to being a reality in Kenya. Earlier on today FastJest announced their first operating base would be in Dar es Salaam, Tanzania. The first flights are scheduled for the month of November and will see…
A Gadget that Revolutionised the Idea of Convenience
There are 18,987 million money transfer subscriptions(March), 45,861 active mobile transfer service agents and a total deposit of KES 185.4 billion handled, in the period between January to March 2012, within the mobile money transfer service.
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