Numbers Don't Lie: Last Week of October [Infographic]
Last Week of October…
I&M Bank Drops Mortgage Rate to 16.5%
I&M Bank lowers its mortgage rate, becoming the country's second most affordable housing lender.
The Stock Market Today
The day was greeted by decreased performance on both indices in the Nairobi Securities Exchange. The points took a beating with the NSE 20-Share Index closing at 4133.28, around 14 points lower than yesterday. The All-share index followed suit having closed at 91.28, down 0.39 points. …
KQ Passenger Numbers Drop on Domestic Routes
Kenya Airways carried lesser passengers on the local routes in the 2nd quarter of 2012 compared to the numbers it achieved last year in the same period. In a statement released today, on the domestic front, capacity reduced by 9.6% compared to similar period last year. The national…
The Other Turkana Crisis
The LTWP could produce 9% of the country's energy, from clean energy. Yet, since 2009, Kenyans have been taken round in circles and taxpayers money seems to be going into a black hole. Just what is happening in Turkana
Standard Chartered Bank Chairman Steps Down
Standard Chartered Bank has announced today that its Chairman, Wilfred Kiboro, has stepped down from serving as the bank's board chairman
Music Copyright License Fees Go Up 11%
The Music Copyright Society of Kenya (MCSK) has increased all public performance fees license fees by 11%. The rise of this fees comes with effect to changes in the consumer price index (CPI) for the period between 1st October 2011 and 30th September 2012.
Money,Is It a True Measure of Success?
Today's youth have largely been described as restless. Compared to the other generations that came before them, the millennial, as they are known, seem to always be on the move. Something they fondly refer to as hustling or the paper chase. A perpetual pursuit of financial success.
But money can't really be the epitome of human achievement, can it?
More Set-Top Box Dealers Get CCK Licences
The Communications Commission of Kenya (CCK) has licences 60 new dealers in set-top boxes, which will increase the number of licensed dealers from four to 64 as the country approaches a complete transition from Analog into the Digital TV Signal.
More People Installing Residential Recycling Plants
Nairobi has a sewer network of about 163 km which covers just 25% of the 700 km2 city area. This leaves the infrastructure strained prompting the need to find alternative solutions; like the Dayliff system.
The Stocks We Are Watching Today
Ever since the Nairobi Securities Exchange crossed the 4000 mark, the bourse has been on a sharp upward spiral. Yesterday, this saw the 20-share index edge up 3.93 points to close at 4147.28 points but down 0.11 points for the All-share index to close at 91.67…
Rapid Growth Can Kill Your Business.
A common phenomenon in such enterprises is what business analysts call over-trading. Simply put, over-trading happens when a business tries to do too much too quickly with too little long term capital. In other words, over trading is a form of under-capitalization. In short, death by growth.
8 Things You Should Know This Morning
1. The 7000 Jobs in the Police Force The Kenya National Police Service has announced 7,000 vacancies for recruits. Speaking to the Business Daily, National Police Service Commission Chairman, Mr. Johnston Kavuludi, said the commission is seeking to recruit suitable and qualified candidates who satisfy the provision of…
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