Samsung Electronic has partnered with supermarket chain Nakumatt to offer members of Savings and Credit Cooperative Societies (SACCOs) their products on credit. In an invite to the media, the electronic company noted “For the first time,…
Have you ever wondered how much money can be made from digital piracy? Given the fact that hundreds of thousands of illegal downloads are happening by the second, someone somewhere must be making a profit. Aside from the costs incurred from the use of electricity, internet…
The National Social Security Fund (NSSF) has confirmed that plans for the staging of the fund’s first Annual General Meeting (AGM) in the funds 47 year history are now complete. According to NSSF Acting Managing Trustee, Mr. Tom Odongo, logistics…
It pays to know what the future has in store for those who choose between an early retirement or society’s more common pension plan for those in their golden years
The National Social Security Fund (NSSF) has reported a drop in the fund’s suspense accounts balance to KES 3.1 billion down from KES 7 billion. The drop is attributed to a recent communication campaign dubbed Sawazisha, according to the fund’s acting managing trustee Tom Odongo.
The Energy Regulatory Commission (ERC) is expected to review fuel prices tomorrow, 15, September 2012. This fuel price review will include a new surcharge to be added to the fuel pricing formula which could contribute to a rise in fuel prices. ERC added…
The National Hospital Insurance Fund (NHIF) will reportedly effect new tariffs beginning October 1st 2012, reliable sources have disclosed. The rates which were marred by controversy earlier this year will see high income earners submit KES 2,000 monthly while those earning below KES 6,000 will pay…
Standard Chartered Bank of Kenya has slashed its base lending rates by 3 percentage points to have it at 18.5% down from 21.5%. This is currently the lowest base rate on the market in the wake of a market rate cut following…
Communications Commission of Kenya (CCK) director general Francis Wangusi has directed the CCK board to make an independent decision on September 27 concerning review of the Mobile Termination Rates (MTRs). CCK has however pointed out that the decision over the rates will not be influenced by any…