Another 7-day 'Operation Clampdown' Extension
The City Council of Nairobi has given land rates defaulters seven extra working days to August 30th to clear their debts. This comes just after expiry of the previous extension period which was due on August the 21st 2012. City Hall says Kenyans made frantic requests for…
NSSF to Hold AGM for the First Time in Half a Century
The National Social Security Fund (NSSF) announced yesterday that it will hold the first general meeting in almost half a century. The AGM will be held on 17th September, 47 years since the last one, which was held in 1965. According to board of…
Supa Gas Price Slash Still On
If you thought National Oil SupaGas price cut came to a close with the end of the Islamic Holy Fast, then you were mistaken. Eid Mubarak na Supa Gas offer is still on till the end of this month, August 2012. You have about 13 days…
Stocks Watch
The shares we will be closely watching in today’s trading at the Nairobi Securities Exchange
China’s here! Let the Competition Begin…
It’s the colonialism of the day – rich foreign nations offer African countries huge easy “development” loans on condition that the African country pledges its natural resources, its markets or its labor. When the African country needs more money or can’t pay the debt (which they never can), more resources are pledged and so on. It’s a perpetual shafting, and that’s why the Chinese increasing presence in Kenya is unsettling.
Is House Insurance Worth all the Trouble?
Insurance has become a major part of our day to day lives. Some people have health insurance while others prefer life insurance. Some register for vehicle insurance and others opt for all the listed choices. But what about property insurance?
Barclays Bank to Merge African Operation with Absa
Barclays Bank Kenya has notified the NSE of a planned merger of Barclays Plc’s entire African operation with South Africa’s Asba Group, news reports say. “Shareholders are advised that, in line with their strategy to operate as One Bank in Africa, Barclays…
8 Things You Should Know This Morning
1. Workers to get unemployment benefits with rise in NSSF fees Kenyan workers will give a bigger portion of their salaries to the National Social Security Fund (NSSF) if Parliament passes a Bill seeking to directly link members’ contributions to their gross pay. NSSF, the public pension…
Closing Bell – 21 August 2012
A summary of share trading activity at the NSE today
The Actual Cost of Subscribing to DStv Mobile
DStv Mobile today announced a reduction in both costs of DStv mobile devices and montholy subscription to DStv mobile channel bouquets. Based on the DStv mobile device you choose and channel bouquet you subscribe to, below is a breakdown of the initial costs of getting a…
Rent: From Paying to Being Paid
In the real estate sector, landlords are the corporate elite. They own the houses and charge the rent. They decide the prices as they sit in their town-houses and count their money, hoping that the inflation rate forever works in their favor. So what if you…
Numbers Don’t Lie; They Just Stretch the Truth
Some PhD student puts the number in his report, some reporter picks it up and puts it in a article, some NGO picks it up and marks it up a couple of thousand in their proposal. This proposal is seen by some PhD student and voila the cycle continues. Is this really how statistics come about?
Barclays To Launch UK-Kenya Mobile Money Service
Barclays Bank will launch a person-to-person payments service that enables people to send and receive money using mobile phone numbers from the UK to Kenya. Launched in the UK earlier this year, Pingit, allows users to download a free, password-protected app for…
DStv Introduces Up to 33% Discount Mobile Devices
Get up to 33 per cent discount on DStv Drifta mobile decorder, Walker Handheld TV and DStv Drifta USB decoder at all Multichoice offices, Nakumatt, Tuskeys, Naivas, FoneXpress, PhoneLink and Uchumi outlets country wide. Image sourced from: igeek.co.za Walker Handheld TV Now retailing for KES 7,500* down from KES…
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