What Exactly is Goodwill?
So you wanted to put up a business stall in town the other day, and when you finally got it, the existing guy asked you to pay up ‘goodwill’, and when the figure was quoted your jaws dropped. There could be possibly two reasons why your jaws dropped.
KES 884 Billion Worth of Government Debts; Guess Who's Paying
Just three months into the fiscal year 2012/13 (with a KES 1.4 trillion budget) the government has so far borrowed close to KES 30 billion. This is according Central Bank of Kenya’s report for the first week of September. Consequently, this extends the government’s total debt (both foreign and domestic) to…
3 Kenyan Companies among Ten Most Innovative Companies in Africa
While no African company was featured in Forbes recently published list of World’s Most Innovative Companies, Safaricom, Nation Media Group and East Africa Breweries made it among the Ten Most Innovative Companies in Africa. Safaricom…
33 Trillion Reasons To Legalise the Drug Business
A couple of weeks ago, one of the writers here gave a strong financial case for the legalisation of prostitution. Forget morals, prostitution is big business he said, and big business needs to be taxed. Well, since we are on big business, let's talk about drugs.
Stocks We Are Watching Today
See a Market summary of yesterday’s trading here Here are the shares we will be closely watching in today’s trading at the Nairobi Securities Exchange: Nation Media Group – Yesterday the media group’s share price gained one shilling to close at their new 3 year high of KES 206;…
Tax Matters IV
See tax matters one, two and three. Corporation Taxes Corporation taxes are forms of income taxes that are levied on corporate bodies such as limited companies, trusts and co-operatives. In Kenya, Corporation taxes contribute 99% of the total…
8 Things You Should Know This Morning
1. Tangaza goes After MPesa’s throne Tangaza is an independent money transfer service that allows you to send money across all the network at a standard rate of KSh 30, though again Yu Cash proves to have the most affordable rates as compared to the rest with zero…
The Mobile Phone Journey in Kenya
Back in the late 1990s and early 2000, if you said one day 3 in every 4 Kenyans would own a mobile phone you'd probably be mocked all the way to mars. Yet they do. So what exactly was the price of phones then and now?
KCB Reduces Lending Rates
KCB Bank Group has announced that it will be lowering its base rates effective 1st October 2012. The bank will lower its base lending rates to 19% down from 22%. This comes a week after the Central Bank of Kenya lowered its…
Closing Bell – 10th September
A summary of share trading activity at the NSE today
Land Titles as Security: A Step by Step Guide
You approach your lender of choice and they insist on security. You have a piece of land you are willing to offer as security or have someone who would agree for you to borrow against their land; well here’s a guide on the steps you are likely to follow
Standard Chartered Unveils 'Platinum Credit Card'
Standard Chartered Bank has unveiled a new value added credit card dubbed Platinum Credit Card in Kenya. The card which is a Visa card allows holders to make purchases and payments for goods and services on credit all over the world. The card comes with…
Made in the Market: John Paulson – He Bet Against the Boom
John Paulson bet against the booming American housing market and won
Out With the Old Crew, Says KQ
Kenya Airways (KQ) plans to recruit a new pool of crew members as it launches Jambo Jet, its very own low cost airline. The courier plans to officially unveil the proposed service pending a decision by the Kenya Civic Aviation Authority (KCAA). Kenyans…
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