The Stock Market today
The performance of the Nairobi Securities Exchange was better today having crossed the 4000 mark. The NSE 20 Share Index performance was up 34.47 points to close at 4029.50. The All-Share Index performance was also up 0.18 points to close at 87.89…
Impact of the Fuel Increase on Your Pocket
The latest fuel price review has seen the price of super petrol increase by KES 6.31 to retail at KES 115.26, diesel increase by KES 5.04 to retail at KES 106.11 and kerosene increase by KES 6.36 to retail at KES 86.01. Based on the price rise, Kenyans…
Check on Your HELB Via SMS
The Higher Education Loans Board (HELB) has rolled out an SMS enquiry system that will enable you make simple inquiries about HELB services. The new service will require one to simple create a new message with a key word corresponding with the matching query followed by hash(#), then the…
Yu Mobile Launches BlackBerry Services
Yu Mobile subscribers can now enjoy BlackBerry services after the mobile operator launched its long awaited BlackBerry Service Plan. Both retail and corporate subscribers will have an option of eight service plans to pick from which will give them access to e-mail and messaging, social networking,…
African Union Gets First Female Boss
Former South African Minister for Home Affairs, Dr Nkosazana Dlamini Zuma has been appointed as the first female head of the African Union (AU). According to reports from the AU, she officially took up the post on Monday afternoon at the New African Union…
Making Money Last After Retirement
Once you retire you may find yourself burning a hole in your retirement fund faster than you can plug it. It happens to the best of us. So what do you do to stop it?
My Money in My Twenties: Is Financial Success Pure Luck?
Here’s an interesting fact about financially successful people: they tend to have a close relationship with money, they attract money, building wealth, and have somehow managed to secure their financial future. You might think this is due to pure luck, if anything; we are never really assured of our financial success, but think about it, what is luck?
9th Annual Taxpayers' Week Kicks Off
The Kenya Revenue Authority (KRA) will be holding the 9th annual taxpayers week that is slotted to kick off today Monday 15th to Friday 19th October 2012. During this event, a series of activities will run, including tax clinics, seminars, corporate social responsibility and talk shows countrywide.
Tax Matters VI;Double Taxation Agreements in Kenya
Double taxation is a taxation principle referring to income taxes that are paid twice on the same source of earned income. It occurs when the same transaction or income source is subject to two or more taxing authorities. Double taxation agreements on the other hand refer to agreements between…
Why Fuel Prices Went Up
The latest fuel price review has seen the price of Super Petrol increase by KES 6.31 to retail at KES 115.26, Diesel increase by KES 5.04 to retail at KES 106.11 and Kerosene increase by KES 6.36 to retail at KES 86.01 per liter in Nairobi, a price…
Airtel Must Sell KES 5.3 Billion Stake by April 2013
According to the Business Daily India’s Bharti Airtel must sell 15 per cent of its stake in Airtel Kenya to a local to avoid getting into trouble with the regulators. The mandatory share sale is to bring the firm in full compliance with ownership regulations…
Joint Saving Plans
Joint Savings Accounts are not a very common type of account in Kenya. The world over, joint accounts which have several advantages are shunned by many on trust reasons. According to Norwich & Peterborough building society (N&P), many Britons are keen to protect their wealth…
The Stocks We Are Watching Today
Today on the Nairobi Securities Exchange we shall be keeping our eyes on Kenya Airways, Uchumi and TPS Eastern Africa (Serena). See a summary of last yesterday’s share trading here. TPS Eastern Africa (Serena) – Through a company announcement released on Friday the hotel company wants to acquire 79.19% of TPS (Uganda) Ltd from…
Companies and partnerships
Without a written agreement that is legally recognized, a lot of people usually get a raw deal from trusting the people they talk to. Business dealings can sometimes include talking to a company in order to share with them your marketing ideas, your suggestions for improving their products or even what you think they need to do to succeed. Or just someone to make sure everything's running smoothly. Picking a partner in business is key. How do you go about this?
8 Things You Should Know This Morning
1. Airtel May be Forced to Sell 15% Under New Rules India’s Bharti Airtel must sell 15 per cent of its stake in Kenya’s second largest telecoms operator to a local to avoid getting into trouble with the regulators. The mandatory share sale is to…
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