Up to KES50 Million Loans for Chamas
Investment groups will now be able to get a loan of up to KES 50 million as the Co-operative Bank of Kenya rolls out a new borrowing service dubbed the Club Special Business Loan. According to the bank, applicants will have to register their chamas with appropriate institutions such as the…
KRA Unsettled About New Alcoholic Tax Law
The directive by Treasury to levy excise duty on retail price of wines, spirits and beers that would have seen alcohol prices go up every three months is unworkable, says Kenya Revenue Authority (KRA) As posted in the Sunday Nation, KRA’s head of marketing…
Stocks Watch
Here are the shares we will be closely watching in today’s trading at the Nairobi Securities Exchange
8 Things You Should Know This Morning
1. Cheaper electricity bills in the offing Kenyans could be set for cheaper electricity bills in the next two months, Kenya Power has announced. The move will be music to the ears of many electricity consumers who are grappling with high power charges. -Daily Nation…
Is Mobile Banking Safe?
With growing campaigns for Kenyans to subscribe to mobile banking, one question rises, is mobile banking really safe? Cybercrime is fast becoming a global threat and a resent research by Serianu Limited, Getting Back to Security Basics, revealed that Kenya hasn’t been spared in the cyber crime phenomena.
What probably happened To Your Lost Phone
One of the most painful experiences is losing your cell phone. All your contacts, important and sensitive information stored in your phone will probably be lost forever, never to be retrieved again. The guys at Symantec recently did a study to find what happens when a lost phone…
The Robotic Boss
If you have a demanding and nagging boss, you will definitely be excited when he/she is away on holiday or business for a while. It is usually a cause for celebration, an opportunity to work peacefully without anyone pushing you about. Or is it? Microsoft is…
Investing In Real Estate, How Do I Get Rich?
"Essentially, these three concepts have made more millionaires than any other type of venture in human history."
Weekend Reading
Some articles to keep you company this weekend: 1. Future foods: What will we be eating in 20 years’ time? “Rising prices mean we are now starting to see the return of meat as a luxury. As a result we are looking for new ways to fill the…
Tax Matters : I
So how do your dues get to Ceaser? Here’s a simple breakdown: Take note, Taxable Income=Gross Income less allowable deductions Your Gross Income=Basic salary+Allowances *Allowable deductions refer to all contribution towards a pension or a provident scheme. If Wanjiku’s Gross monthly income is…
Kenya Re Braves the Storm
Kenya Reinsurance subscribers can remain confident that the company will provide quality services regardless of a few bumps along the road. According to the company’s half-year results, Kenya Re spent KES 2.7 billion on operating costs, claims, benefits, commissions and other expenses. This is…
Closing Bell – 10 August 2012
A summary of share activity at the NSE today
Tree Farmers Fear Losing Out in Pole Business
Tree farmers are rather fearful that they might be in the long-term verge of losing out in the electricity poles business. This comes around a time when the Kenya Power company has embraced use of concrete electricity poles to replace wooden poles. Though the high production and…
Council Calls for Free Livestock Vaccination
The Kenya Livestock Management Council (KLMC) has urged the government to provide free vaccination to pastoralist regions all over the country. This comes shortly after East Pokot District Commissioner, Amos Mariba complained of the spread of livestock diseases in the North Rift region.
Kenya Re Earnings Grow Despite 40% Higher Claims
Kenya Re's profit before tax has increased 40% despite similar growth in claims paid out.
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