Bank Agents, DTMs Push Sector Growth
Growth in the number of transactions handled by Agents for banks has kept the growth of the Banking sector in Kenya steady. There are 14,168 active agents facilitating over 24.7 million transactions in the 3rd Quarter
Drop in CBR Increases Demand for Credit
The reduction in the Central Bank’s base rate in September has increased the demand for new loans from different sectors in the economy. According to reports from the Central Bank of Kenya, trade and personal loans saw the highest increase in demand for new loans with the…
The Stock Market Today
The day was greeted by decreased performance on both indices in the Nairobi Securities Exchange. The points took a further nose dive at the NSE 20-Share Index, closing at 4125.74, down 7.54 points. The All-share index stood strong and performance was up 0.02 points to close at 91.30. …
New Sub-Stations Spell Hope for Turkana Wind Project
With support from the AfDB and a Spanish engineering farm banking on its success, the Lake Turkana Wind Power project surges on.
The Mobile Money Apocalypse; What Would Happen to Your Money?
After M-Pesa servers crashed putting the services off last weekend, issues on safety and security of mobile money platforms which are relied on by millions of Kenyans have emerged. How safe is your Mobile money?
KenGen's KES 25 Million Natural Health Spa
KenGen is in the verge of generating the the biggest natural health spa in Africa at the Olkaria geothermal fields. But who needs a spa, and more importantly, who is this Sauna guy?
A Company Rises: Britam’s Early Years
Britam's started by selling insurance door to door for premiums as low as 5 shillings to industrial workers. Every record was hand-written, moving the company to hire people whose sole purpose was to retrieve client data from the mountain of records. Amidst such operating difficulties, Britam weathered the storm to grow into the East African powerhouse it is today.
October Was a Really Tough Month
We can all agree that October was a financially demanding month for most Kenyans; and the Kenya National Bureau of Statistics (KNBS) backs us up on that. The Consumer Price Indices (CPI) increased by 0.43 per cent to stand at 132.46 in October 2012 from 131.89…
Banking Sector Grows in 3rd Quarter
The Kenyan Banking Sector has shown continued growth in the 3rd quarter that ended September 30th 2012 compared to 2nd quarter. According to statistics from the Central Bank of Kenya, the sector continued to register improved performance with the size of assets…
Stocks We Are Watching Today
A quick look at the counters we will be watching today.
8 Things You Should Know This Morning
1. KES 5 Billion Deal To Boost Electricity Supply in Nairobi A Spanish company has been awarded the Sh5billion substation power project which will allow the transmission of electricity imported from Ethiopia and the Lake Turkana wind project into Nairobi. The project is expected…
A Kenyan Look at Hurricane Sandy and African planning
Hurricane Sandy might not have been the most powerful hurricane to hit the Americas (Central and North America), but it was after its own records. It was the largest hurricane by diameter, covering 1,800 kilometres. That’s the distance from Mombasa to Kigali, through Kampala, with 200 kilometres to spare, all under one storm.
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