KES 220 Million UNDP Deal to Create Jobs in Tourism Sector
The United Nations Development Fund (UNDP) and the Global Environment Fund (GEF) have partnered in a move that will see new jobs created within the tourism sector. Kenya is set to receive KES 220 million in funding which will be used to set up…
Nakumatt Ranked 3rd in Top 10 Supermarket Chains Worldwide
Kenya’s Nakumatt Holdings has been ranked third in Top 100 arenas’ list of Top 10 supermarket chains in the world 2012. Nakumatt Holdings was the only supermarket chain that represented Africa in the list and it was ranked above internationally recognized Woolworths…
What You Need to Know About Mutual Funds
Mutual funds can be confusing, in fact they get quite financy at times. We take a look deeper into the whole Mutual funds thing, how they work and whether or not you should use one?
Stocks We Are Watching Today
The shares we will be closely watching at the NSE today
How Samsung, Nakumatt Electronics SACCO Deal Works
Samsung Electronics East Africa and Nakumatt Holdings, have jointly unveiled a new service allowing SACCO members to purchase electronic products on a check off system. In the exclusive partnership dubbed Samsung/Nakumatt Sacco’s check-off access, Nakumatt will provide a dedicated service…
EAC to Introduce Passport-Free Trips to Rwanda
Trips to Rwanda may no longer require passports as the East African Community (EAC) moves to introduce an almost restriction-free system of crossing the border. The EAC states that the decision may require the use of electronic readable Identification cards as stipulated in the Common Market…
8 Things You Should Know this Morning
1. New Plan to Help Farmers Reverse the Effects of Climate Change The Coffee Research Foundation has started an ambitious programme to help farmers reverse the effects of global warming and boost coffee production. The institution is holding farmer sensitisation clinics, urging farmers to plant favourable indigenous trees to…
January, What You Really Should be Saving For
December is round the corner and people are putting money aside for that extra trip, that extra holiday something. Forget that, January is what you should really think about saving for.
The Stock Market Today
The NSE 20 Share Index today rose from yesterday’s 3,953.53 points to 3,956.54 points while the All Share Index rose to 87.04 points from 86.84 points yesterday. Source: FILE HIGHEST VOLUMES The highest volumes traded today were Safaricom, HFCK and Mumias Sugar company. Safaricom traded the highest with 10.47 million making their market…
Debt, it doesn’t have to Be A Way of Life
Growing up I was led to believe that debt was an adult thing. I vividly recall what my mother told me when she found out that I owed someone some cash, she said, “Matt, you are too young to be in debt.” That statement stuck in my mind…
Foreigners eye Kenya's geothermal energy
Energy Development Corp(EDC) a pioneer in the geothermal energy industry in Philippines, has set its eyes on Kenya upon announcing its plan to expand. It is a listed company with over 35 years experience of technical expertise in the field and will look to study the local setting…
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%…
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