8 Things You Should Know this Morning
1. Counties Face KES 133Billion in Budget Crisis, MPs Warn A new parliamentary report has exposed massive poverty in the counties, which requires a cash injection of Sh133 billion next year to help plug their budgetary deficits, if they are to function adequately. All the…
List of Tax Defaulters To Go Public
Those of you who will fail to remit their taxes to Kenya Revenue Authority (KRA) will be named and shamed in public. Finance Minister Njeru Githae has introduced a clause in Kenya’s tax laws in an amendment to the Income Tax Act that will ensure that any…
SACCO Deposits Grew 22.5% in FY 2010/2011
Savings and Credit Cooperative Society (SACCO) deposits grew by 22.5% in 2011 to stand at KES 180.0 billion from KES 157.5 billion in 2010. This is an indicator that the SACCO sector has been playing a big financial services provision especially in loan advancements for middle and low…
8 Junior Savings Accounts For Your Kid
Saving, saving, saving. This is the sacrament of any financial institution. Yet the older you get the harder it gets to start. So maybe you should start cultivating a habit of saving in your kids. Make it easier for them.
Biting the Hand that Treats You: Part 2
The doctors strike ended on Thursday. This part 2 of the narrative what happened, the arguments and the victors.
Mobile Money Transfers Grows 7000% in 5 Years
The number of mobile money transactions grew by 7000% over the 5 year period to December 2011. The amount transacted grew by 7073% to KES 1,169 billion in 2011 while the number of transaction in a year grew 7773% to 433 million in 2011 from 5.5 million in…
Smoking
About four years ago the Government banned the promotion of tobacco products via tv and radio ads in an effort to reduce the number of new smokers . They've increased sin tax. Australi have gone even further. It seems governments are going further and further to ensure that the people don't smoke.
The Stocks Market Today
The NSE 20 Share Index closed at 3975.79, a increase of 14.74 from yesterday’s points. The All-Share Index performance improved by 0.46 from yesterday’s 87.08 points to close at 87.54 HIGHEST VOLUMES Safaricom was the highest traded…
Global Food Prices Up by 1.4%
Latest data from Food and Agriculture Organization (FAO) of the United Nations shows that food prices around the world rose 1.4%( 3 points) to 216 points in September from 213 points in August. The rise reflected strengthening dairy and meat prices and more contained…
Agents, the Remaining Hurdle to Airtel Money’s Success
Airtel Kenya yesterday announced that they had done away with money transfer fees, allowing subscribers to send money within and across the network at no extra cost. This is a similar to what Yu Mobile offers its subscribers, an opportunity to send money across networks at no extra…
8 Excuses Your Landlord May Use to Raise Your Rent
Very few people actually like their landlords. For those who are living pay check to paycheck, extra rental fees can be a nightmare. Add to that, the fact that housing prices are subject to constant changes that can happen at the flick of a wrist. To…
More Kenyans Are Using Credit Cards
According to the Financial Stability Report 2011, the number of card users has increased with credit card usage exhibiting the biggest growth from 2010. “Payment cards industry continued to grow through 2011, with remarkable usage of Automated Teller Machines (ATMs) cards, credit & debit cards, and…
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