Interest Rate Spread Too High, Says CBK Governor
In the last two weeks, banks have been lowering the interest they charge on loans after the Central Bank of Kenya (CBK) lowered its rates to 13% from 16.5%. This move has been viewed by many as…
Duo from Kenyatta University Win 2012 NSE Investment Challenge
The Nairobi Securities Exchange earlier today awarded the team of Michael and Joseph from Kenyatta University who emerged the overall winners of the NSE Investment Challenge 2012; a 3-month long simulation of the Kenyan Stock Market held once every year. Winners of the competition stand…
Ministry Gets KES 25 Billion to Boost Water Supply
Kenyans may soon have access to a reliable water supply as the government moves to upgrade some systems in and around the city of Nairobi. According to the Ministry of Water and Irrigation, the government intends to sink wells as part of a project aimed at…
Kopa Credo, What You Might Not Know
Yesterday we broke down all you might need to know about Okoa Jahazi, a credit airtime purchase service by Safricom. Today we take a look at Kopa Credit, a similar offered by Airtel Kenya. Airtel subscribers who find themselves stranded and unable to purchase…
Numbers Say: Patience pays
British American Tobacco Kenya Ltd (BAT) shares are currently rallying at KES 414 compared to their opening price of KES 89 (approximately) in January 2008. The common stock’s value has increased almost 5 fold since our last general elections. Added to this, the company has been paying out dividends…
Expect a Higher Power Bill This Month
you didn't finish this story. Your lead has to state that the bills will be higher. you need to say how much the price per KwH used to be so people can know by about how much and a lot more little details.
Read the Business Contract Between the Lines
Business contracts in invisible ink may probably be the most absurd thing that you've heard in a long time. Yet it's true. A lot of the terms that you agree to when you are signing a business contract may not be in black and white. They may just be hiding somewhere between the letters.
Tax Matters V: Penalties and Exemptions
Penalties As a Kenyan taxpayer, there are various penalties that you will be slapped with by the taxman, for various offenses committed in the course of submitting your taxes. For Late payment of tax, you are charged 20% penalty. This will be charged just once, 2% interest…
KES 220 Million UNDP Deal to Create Jobs in Tourism Sector
The United Nations Development Fund (UNDP) and the Global Environment Fund (GEF) have partnered in a move that will see new jobs created within the tourism sector. Kenya is set to receive KES 220 million in funding which will be used to set up…
Nakumatt Ranked 3rd in Top 10 Supermarket Chains Worldwide
Kenya’s Nakumatt Holdings has been ranked third in Top 100 arenas’ list of Top 10 supermarket chains in the world 2012. Nakumatt Holdings was the only supermarket chain that represented Africa in the list and it was ranked above internationally recognized Woolworths…
What You Need to Know About Mutual Funds
Mutual funds can be confusing, in fact they get quite financy at times. We take a look deeper into the whole Mutual funds thing, how they work and whether or not you should use one?
Stocks We Are Watching Today
The shares we will be closely watching at the NSE today
How Samsung, Nakumatt Electronics SACCO Deal Works
Samsung Electronics East Africa and Nakumatt Holdings, have jointly unveiled a new service allowing SACCO members to purchase electronic products on a check off system. In the exclusive partnership dubbed Samsung/Nakumatt Sacco’s check-off access, Nakumatt will provide a dedicated service…
EAC to Introduce Passport-Free Trips to Rwanda
Trips to Rwanda may no longer require passports as the East African Community (EAC) moves to introduce an almost restriction-free system of crossing the border. The EAC states that the decision may require the use of electronic readable Identification cards as stipulated in the Common Market…
8 Things You Should Know this Morning
1. New Plan to Help Farmers Reverse the Effects of Climate Change The Coffee Research Foundation has started an ambitious programme to help farmers reverse the effects of global warming and boost coffee production. The institution is holding farmer sensitisation clinics, urging farmers to plant favourable indigenous trees to…
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