Budgeting: The 60% Solution
If you are determined to live within your means so that you can save up for your future, then this is the budgeting system for you. The 60 percent solution is a personal budgeting system by MSN Money author, Richard Jenkins. All you have to do…
How Cell Phone Shut-down Will Affect Mobile Money
With barely three days to the massive counterfeit mobile phone switch off by Communications Commission of Kenya, more than one thing is at stake. People will be cut off from the regular communication network, cost will be incurred in acquisition of new phones and most…
Your End of Month Shopping: Nakumatt VS Uchumis’ Price Cuts
Nakumatt and Uchumi have unveiled their end of month price cut offer on some of their goods. We have compared the prices of some of the related items to give you a picture of where you will get the best deals. Check out our price comparison below:…
3 Lessons From Disappointing Investments
Rationality is often sacrificed when in hot pursuit of investments that seem to be too good a deal.Often blinded by emotions and misinformation,these pursuits always end up in deep disappointment.Fortunately,over the years,studies by psychologists on the subject of behavioral finance and several well documented failed investments provide us…
Counterfeit Phones, the Details
The CCK have put their foot down, counterfeit phones will be put off on 30th September, no matter what. Where has this come from? Why are they putting off phones? We take a look at counterfeit phones in Kenya, and their story.
Ecobank to Roll out More ATMs, Branches
Ecobank has announced that it will be deploying several Automated Teller Machines (ATMs) in strategic locations across the country before the end of the year. Speaking during the awarding of winners of Ecobank’s Angukia hao promotion, Ecobank Kenya Managing Director Tony Okpanachi said this will…
Kengen Profit Rises 36 pc to 2.8 Billion
Kenya’s largest independent power producer Kengen has released its financial results for the year ended June with net profit rising 35 percent to 2.8 billion shillings from 2.08 billion shillings posted last year. The company’s growth in earnings was driven by higher revenues from newly commissioned power plants namely…
The Stocks We Are Watching Today
Here are the shares we will be closely watching in today’s trading at the Nairobi Securities Exchange: KenGen – The stock closed at KES 8.35 yesterday but has seen fluctuations from KES 7.20 to KES 10.12 in the last 52 weeks. It has announced a dividend…
International Hotel Chains commit to invest in Kenya
More than half a dozen leading International hotels have confirmed plans to set up their operations in Kenya, as one of the key outcomes in the on-going Africa Hotel and Investment Forum (AHIF) conference. The two-day conference hosted by the Kenya Tourist Development Corporation (KTDC) appears…
Does Agent Banking Threaten M-Pesa?
What did Banks do when the rolled out agency Banking? They targeted these outlets to double up as their agents. It worked out nicely to begin with because the concept was easier to sell to people already involved in provision of financial services. And M-Pesa got mad, very mad.
8 Things You Should Know this Morning
1. City Hall Sends Notice to Defaulters City rate defaulters could lose their property if they fail to pay full arrears and penalties as the City Council of Nairobi (CCN) prepares to move to court, seeking orders to take over plots and houses.City Hall told the Business Daily it had on…
Brand New Rail System, Coming Soon
The Kenya government has made plans to start the construction of a new railway line, linking Mombasa Kampala, through Malaba. According to the Ministry of Transport, Kenya is set to receive a brand new railway that will put the old one to shame. Aviation, Tourism, Travel and…
The Stock Market Today
A summary of share trading activity at the stock market today
The Balanced Money Formula
The Balanced Money Formula, also referred to as the 50-30-20 Balanced Money Formula, is a budgeting guideline proposed by Elizabeth Warren and Amelia Tyagi. It’s based on the ideas that work and no play creates a mindset of deprivation. It is thus ideal for those who love spending,…
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