8 Things You Should Know This Morning
1. Salaries Team Wants to Chop MPs Wages Members of Parliament are among top public servants facing a major salary cut if the team set up to determine the pay for government workers has its way. The Salaries and Remuneration Commission (SCR) is reviewing salaries of public officers…
The Stocks We Are Watching Today
Today on the Nairobi Securities Exchange we shall be watching whole counters,specifically the technology and telecommunications counter and the agricultural counter. Outside these sectors, special attention shall be paid to the Standard Chartered Bank stocks in light of the ongoing rights issue. See a summary of last yesterday’s share trading here.
The Stock Market Today
The general performance today in the indices was down with the NSE 20 Share Index performing 0.23 points lower to close at 3982.94. The All-Share Index performance was down 0.06 points to close at 87.13 HIGHEST VOLUMES Safaricom Ltd was the highest traded counter today with 11.68…
Emirates Offers First Onboard Mobile Phone Service
Emirates has offered the world’s first inflight mobile phone service on-board an A380 aircraft; setting yet another record for inflight communications. In partnership with Emirates connectivity partner, OnAir, passengers aboard Emirates’ A380 aircraft will now be able to stay in touch via…
Your Get Out of Debt Plan
It all begins by making a commitment to get out of debt and possibly staying out of debt. Showing such an interest is a major step towards getting out of debt. Let this one step lead to another which will eventually lead you out of debt.
KQ Partners with Korean Airline to Launch Flights to Seoul
Kenya Airways (KQ), has partnered with Korean Air to launch Code Share flights from Nairobi to Seoul. The country’s premier courier recently announced that there will be flights to South Korea’s capital, leaving Nairobi on Tuesdays, Thursdays and Saturdays. Flights from Seoul…
Nakumatt to replace Smart Cards with MasterCard
Nakumatt Holdings, is set to introduce the multi-currency EMV MasterCard® PayPassTM Prepaid loyalty card to its one million plus Nakumatt Smart Card holders. In a deal firmed up earlier today in Dubai, Nakumatt’s partnership heralds the unveiling of the largest prepaid merchant agreement for…
Real Estate and the Law I
Nothing spells affluence better than owning prime property. If you doubt it, pay a visit to Vipingo Ridge the next time you are at the coast. You will be forgiven for thinking that you are in another country. While the rest of the world stoops under the weight…
Bob Collymore Speaks Out on Mobile Money Taxes
Safaricom Limited CEO Bob Collymore has said that the tax burden following the introduction of a 10% excise duty on Mobile money transfer will have to be borne either by the company’s shareholders (of which Government represents 35%) or its customers. In an emailed statement to pesatalk, he said that there was…
KWFT Partners with Samsung to Boost M-Banking for Women
Deposits taking microfinance institution, Kenya Women Finance Trust [KWFT DTM] in conjunction with consumer electronics firm, Samsung Electronics East Africa [SEEA] have entered a partnership to promote the uptake of mobile technology solutions among women. The joint programme by KWFT DTM and Samsung is…
Is The Mobile Number Migration Coming To An End?
To promote effective competition in the mobile market segment, Communications Commission of Kenya (CCK), in April 2011, introduced the Mobile Number Portability (MNP), a service that allows mobile subscribers the flexibility and convenience of migrating to a mobile network of their choice yet still maintain their original mobile…
Positive Trends in Mobile Money Transfer Sector
Latest statistics from Communications Commission of Kenya (CCK) show that the number of mobile money transfer subscriptions has grown by 2.73 percent to stand at 19.50 million during the period between April and June 2012 in comparison to 18.98 million recorded in the period between January to March…
NCE Auctions to Be Done Every Two Weeks
Coffee auctions at the Nairobi Coffee Exchange (NCE) have been cut to be held every two weeks, contrary to the previous weekly basis, owing to low supply and depreciating stocks at the exchange. The volume of coffee offered for sale at the Nairobi Coffee Exchange (NCE)…
Best Places to Work in Kenya
A survey carried out by Deloitte & Touche (‘Best Companies To Work For Survey 2012’) has revealed that East Africa Breweries Limited is so far the best company you can work for. Kenya Women Finance Trust (KWFT), a micro-finance firm came second. …
1
