Could Inflation Fall Affect CBR?
The Kenya National Bureau of Statistics (KNBS) has released Consumer Price Indices (CPI) and rates of inflation for the month of August 2012. The rate of inflation has been on a downward trend since November last year with a drop month-on-month. The overall inflation…
Closing Bell – 31 August
A summary of share trading activity at the stock market today
Mumias Profit Misses Analyst Targets by 40 pc
The situation was little changed with revenue which despite climbing 6 percent to 18.7 billion, was still below SIB’s 21 billion shilling year-end forecast.
Building Materials Producer Braces for Lower Prices
The cost of building materials may go down, given the recent fall in interest rates and fuel prices. Cement, galvanised sheets, concrete tiles and steel rod prices are likely to drop as soon as these new market trends gain traction. According to DEVKI Group…
Was August A Friendly Month?
If latest statistics from Kenya National Bureau of Statistics (KNBS) are anything to go by, August was a friendly month for Kenya. The Consumer Price Indices (CPI), measure of changes in the price level of consumer goods and services purchased by households, decreased by 0.31 per…
Is Sugarcane Farming Modern Day Slavery?
At the foot of the food chain is the cane farmer who pays for all this inefficiency. When it comes to payment, the miller recovers all their costs and leaves the residue for the actual producer. For all his labor, the farmer gets paid kes 3,800 per ton of cane. Then they say Lincoln freed all the slaves.
Inflation Rate Drops to 6.09%
Kenya’s overall inflation rate for the month of August 2012 has dropped to 6.09 per cent, down from 7.74 per cent in July 2012. The last time Kenya’s inflation rate stood this low was in January 2011 when it posted at 5.42 per cent.
Your End of Month Shopping Discounts
Below are a couple of deals that will cut down your end of month shopping expenses.
The PesaPortfolio – 31st August
A look at the latest value of The PesaPortfolio
KNBS to Post August’s Inflation Rate
Kenya National Bureau of Statistics (KNBS) is expected to release Consumer Price Indeces (CPI) and rates of inflation for August 2012, today, 31 August 2012. Fuel price dropped in August as compared to July. The drop in Diesel and super petrol prices could result in a drop in the transport…
Changes Coming To DStv
As of 1st October 2012, DStv subscribers will get 8 genre themed movie channels. Under the tagline ‘Movies for every Mood’, channels will be themed according to movie type. The themes include: M-Net Movies Premier M-Net Movies Comedy M-Net Movies Family M-Net Movies Action+ M-Net Movies Drama &…
Ministry Reports Insufficient Medical Cover for Informal Sector
The Ministry of Medical Services has reported that low-cost health insurance schemes lack the capacity to cover members of the informal sector. The Ministry stated that the cost of medical services outweigh the contributions of the policy holders. Minister for Health, Prof Anyang’ Nyong’o said that…
MPs Paid 'Peanuts'?
Kenyan MPs earn a basic salary of KES 200,000 and a total of KES 651, 000 in allowances every month. In total, the honorable members take home KES 851,000 a month on average with other benefits which bring the figure in excess of KES 1 million . Peanuts.
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