Insanely Expensive Stuff in the Kenya: The Jaguar XKR
KES 20 million could get you a 4 bedroom Deluxe villa – off Kiambu road, 4.9 million Safaricom shares – at a share price of KES 4.05, or a Jaguar XKR from CMC Motors showroom. Build as Jaguars’ most responsive, powerful, agile, and driver-focused production car, this…
Mobile Money Transfer Costs Could Go Up
The costs of carrying out mobile money transactions could be going up. This will come after a new tax proposal that was tabled to the parliament by Finance Minister Njeru Githae on Thursday 4 October 2012. The proposition seeks to subject mobile money transfer services to a 10% tax. The minister wants the…
NationHela Hits the Road in National Campaign
NationHela, an international money transfer service, will this weekend start its countrywide campaign. The campaign will comprise of a roadshow aimed at popularizing the product to every part of the country. The first roadshow will start on Saturday, 6th October 2012, at 8am in…
8 Things You Should Know this Morning
1. Vetting Board Denies any Plans to Defy Court The Judges and Magistrates Vetting Board on Thursday announced that it will not defy a court order that suspended the vetting exercise last week. The chairman of the board, Mr Sharad Rao said in a…
Zero Fees to Send Money through Airtel Money
Airtel Money joins Yu Cash as the only two mobile money transfer platforms that allow their subscribers to send money to other users at no cost. This new feature not only allows subscribers to send money for free within Airtel network but also allows users to…
The Young Employee and the Family Curse
Let's forget the fact that Africa is a "poor" continent. Or the fact that jobs are increasingly hard to come by. No, let's look at these young kids who have jobs. just what do they want? How are they handling it? And what are their problems?
The Stock Market Today
The NSE 20 Share Index closed at 3961.05, a increase of 2.43 from yesterday’s points. The All-Share Index performance dropped by 0.03 from yesterday’s 87.11 points to close at 87.08. HIGHEST VOLUMES KCB was the highest traded counter today (again this week) with 5.36 million shares traded while second was Cooperative Bank with…
JKIA, Nairobi Railway Project Hits Critical Stage
Kenya Railways Corporation (KRC) has finally made some progress with the long-awaited project that aims to link Jomo Kenyatta International Airport (JKIA) to the Central Business District (CBD). The Corporation, which began construction last year, has reached the final stages in the tender process.
Money Won't Buy You Happiness, It Will Buy Experience
“People are just as happy as they make up their minds to be.” – Abraham Lincoln Basic human logic is: As soon as I have enough money, I’ll get _ which will enable me to do _ which will then make me happy. We,…
HSBC Kenya Representative Office changes name
The Kenyan representative office of Chinese bank The Hong Kong and Shanghai Banking Corporation (HSBC) has changed its name according to a notice by the Central Bank of Kenya. “The Central Bank of Kenya hereby brings to the attention of the…
What Gikomba and the Stock Market Have in Common.
What influences the buy/sell decisions that participants in various markets make should relate to those in the the stock market. At least to a certain degree. For instance,have you ever posed to think of the similarities that exist between a market like Gikomba and the stock market? No? Okay then, maybe you should read this.
What Health Insurance Doesn't Cover
We already told you what motor insurance doesn't cover. But what will the doctors turn you away for even when you are insured?
International Oil Prices Rise, Shilling Weakens, What Next For Fuel Prices?
Latest statistics from Abu Dhabi National Oil Company show a 3.4 percent rise in international crude oil prices. The Free On Board (FOB) price of Murban crude oil lifted in September 2012 was posted at USD 115.40 per barrel from 111.65 per barrel in August 2012.
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