Numbers Say: Agriculture vs Real Estate
Hypothetical Situation: you have an idle 1-acre piece of land that you intend to make money off. You’re paying land rates and the value of the land is increasing slowly, but it’s not translating to any cash flow. With that piece of land, would you take…
Free Education Program Funds Released
The treasury has released KES 6.3 billion for Free Primary and Free Day Secondary Education. Approximately 6,075,706 children will benefit from this funds, which have increased the primary education completion rate to over 95% today from 62% in 2002. Education Minister Mutula Kilonzo had asked for KES 1.77 billion for Free Primary Education. he had also…
Private Schools Could Pay Extra in Fees
The Ministry of Education has rejected a petition by private schools to close in early November as planned, saying that they will have to run their school terms for an extra 3 weeks like the rest. This means that parents might be asked to pay additional school…
Housing Loans: Know Your Options
Applying for a mortgage is a task that should not be taken lightly. Despite there being a variety of mortgage lenders in the country, not many people know what the best rates are. Based on data collected from Hass Consult, one of Kenya’s biggest…
Couple Wins House In Ecobank's Promotion
Sophie and Berry Odhiambo won a 3 bedroom bungalow worth KES 5 million in Ecobank’s Angukia Hao na Ecobank promotion. The promotion was a three month deposit mobilization. Joseph Kipkirui Ngetich and David Mwangi Rukwaro, first and second runners up took home KES 1,000,000 and KES 500,000 respectively.
StarTimes to Roll out its Signal in Malindi
With the digital migration fast gaining momentum, StarTimes Media Kenya, through its Facebook page, has announced plans of rolling out its signal in Malindi by the end of September 2012. In addition to Malindi, the signal will cover Watamu, Tramonto a manbrui, and Mangrova.
The Hole
Were you one of those who did a Luhya celebratory dance when the new Constitution was promulgated? Did you clink beer bottles and feel in your heart of hearts that it was “a new dawn” and all of Kenya’s problems were now a thing of the past? Well there's a hole there. A gaping one in fact.
Why do Interest Rates Change?
Interest rates seem to be fluctuating quite regularly. The only question left is why? It seems to be a simple issue of supply and demand, but it can't be that simple; can it?
Centum Raises 3.2 Billion in Largest Private Bond Placement
Publicly listed investment firm Centum Investments has raised 3.2 billion shillings through a private 5-year bond issue which is the largest such private issue in the history of Kenya’s Capital Markets. A private bond issue or placement means that Centum sought the funds from a small group…
Genuine Phones in the Market That Cost Less than KES 1,000
Are you in a rush to beat Communications Commission of Kenya (CCK) 4 days deadline to switch off all counterfeit phones or just searching for a phone that will cost you less than KES 1,000? We have compiled a list of different phones in the Kenyan market that cost no…
Pay for Your Parking, by Card
The days of having to stop to wait for your KAPS ticket may be coming to an end sooner than you think. Sarit Centre is working in conjunction with software developers and managers of the public car parks (currently KAPS Ltd) to introduce a pre-paid parking card.
Stocks We Are Watching Today
The shares we will be closely monitoring at the stock market today
KRA Hopeful to Hit Target Despite a Sub Par Growth
Revenue data for the first two months of the current financial year shows that the Kenya Revenue Authority (KRA) may be lagging behind in realizing its annual target of achieving a 23% growth for the whole financial year. KRA has set a target of collecting KES 870.5 billion in taxes this year, over…
8 Things You Should Know this Morning
1. E Pill Sales Soar Rising sales of emergency contraceptives commonly known as “morning-after pills” is worrying experts, following growing abuse by Kenya’s sexually active youth. E-pills are used to prevent pregnancy within 120 hours of intercourse and are available over the counter, with trade reportedly booming in…
Experience Events: Have An Experience Bank Account
I assure you, it’s not a banking product, but it ought to be. Experience by definition is “Practical contact with and observation of facts or events”. Experience needs money. Maybe we should have a bank account purely for that purpose.
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