From Water To The Sip of Coke in Your Mouth [Infographic]
Illustration&Design: Pesatalk…
The Budgeting Plan
If you are looking for a budget that will give adequate room for fun money, then the Balanced Money Formula is the perfect budgeting system for you. If savings is your goal, then the 60% Solution is perfect budgeting system for you. Today we will look…
Ujenzi Bora Launch Cheap Housing Project
Kenyans may soon have access to more low-cost homes as Ujenzi Bora makes plans to introduce cheaper housing models into the market. The housing-procurement firm has set up a task force comprising of architects, engineers and consultants to design at least 5 new affordable house models.
Using Your Pension to Buy a Home
In 2009, the government passed a bill that would allow pension holders to use their schemes as mortgage collateral. Shortly thereafter, British American Insurance signed a merger with Housing Finance allowing plan holders to purchase homes using part of their accumulated pension. This means that anyone…
Insanely Expensive Stuff: The iPhone 5 in Pure Gold
iPhone 5, the biggest thing to happen to iPhone since iPhone –apple.com As reported by Bloomberg Businessweek, more than 5 million iPhone 5s were sold in the first 3 days after its launch, surpassing a record set last year by its predecessor, the iPhone 4S. 3 days after the unveiling…
KES 25.5 Billion Loan to De-congest Nairobi
Kenya has signed a credit deal with the World Bank totaling US$300M (KES 25.5 Billion) which will be used to fund the National Urban Transport Improvement Project (NUTRIP). The concessionary loan would be repaid within 30 years at the rate of 0.75%, with a…
Unga Group Profit Drops 21 Pc Despite Revenue Growth
Manufacturer of flour and maize meal products Unga Group has released full year results for the year ended June 2012 with a decline in post-tax profit to 348.2 million shillings from 441 million shillings earned in 2011. Comparatively, the company’s post-tax earnings rose 88 percent between 2010…
Will Your Phone be Switched Off?
It is estimated that there are about 680,000 counterfeit phones on Safaricoms’ network, 100,000 on Airtel Kenya, 45,000 on yuMobile and 20,000 on Telkom Kenya that will be switched off on 30 September 2012. Is your phone amongst the unlucky few? Earlier this week a rumor…
Speculative Investing: What does it Mean?
We looked at value investing earlier this week. Now we look at exactly what speculative investing is and why you should even bother.
The Stocks We Are Watching Today
Here are the shares we will be closely watching in today’s trading at the Nairobi Securities Exchange: See a summary of yesterday’s share trading here. CFC Stanbic Rights – 8600 rights were traded yesterday compared to 15000 the previous day representing a 43% decrease in the trade volume. As such,…
NSSF Bill receives PS' Support
The ongoing efforts by the National Social Security Fund (NSSF) to secure the support of key stakeholders ahead of a scheduled transformation programme have received a shot in the arm from the civil service top guns. The draft National Social Security Pension Trust Bill 2012…
8 Things You Should Know this Morning
1. Kenya Troops Take Control of Kisimayu KENYA DEFENCE Forces take control of Kismayu, the last remaining al-Shabaab stronghold in Somalia. 2. Energy Minister Cancels Oil Import Tending Following Queries on Pricing The ministry of Energy was on…
Why businesses should fund politicians and their parties
Sometimes the best course of action that a politician can take is to be in bed with big business.
The Stock Market Today
INDICES The NSE 20 Share Index today performed 29.63 points better to close at 3,980.53 from 3,950.90 points yesterday and the All-Share Index alsorose by 0.76 points to close at 86.98 points from yesterday’s 86.22. Image source: “FILE” HIGHEST VOLUMES Safaricom shares were for a third day the most traded shares at the…
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