Barclays Slashes Lending Rate
Barclays Bank of Kenya has announced it would be cutting its base lending rate by 1.5% effective 1st August 2012. This comes a day after the Central Bank of Kenya‘s Monetary Policy Committee cut its lending rate by a similar margin. Following the decision…
Counterfeit Phones Denying Consumers Benefits of Genuine Ones
Nokia General Manager speaks out against the use of counterfeit handsets in the region.
ERC Promises Cheaper Cooking Gas
The Energy Regulatory Commission has indicated that cooking gas will be cheaper from August this year. Speaking at a media briefing ERC Director General Kaburu Mwirichia said that Liquid Petroleum Gas (LPG) prices were expected to drop upon completion of the storage facility in Mombasa.
i-Invest Guideline
Following the positive response we got on our previous post: Investing from the Comfort of your Mobile Phone, we thought it would be ideal to compile a step by step guide on how you can make your first investment with i-Invest plus provide you with additional…
The VAT Bill Proposals A Heavy Burden For Consumers
Proposals in the VAT bill 2012 if passed will hit the common citizen hard by increasing the cost of items on shelves. The draft bill which was discussed and approved by the Cabinet in February proposes to scrap the lower VAT rate of 12% and remove the zero rate on…
The Real Cost of Getting A Car
So you have your first job and you want a car, you find one that is retailing at about 600,000 bob and you think that it’s a fair deal. Hold up, what will it really cost you for say, six years? A Ksh. 600,000 loan: Let’s assume you…
Insanely Expensive Stuff: World’s Most Expensive TV (KES 11 M)
What do you consider when measuring the value of that good LCD TV? Is it its size, brightness, contrast ration, response, or pixel resolution? Well, as Thomas Ricker puts it, “those measures are for boys. Any self-righteous heiress knows a good TV must feature white gold plating and…
Kenya Committed to EAC Unified Currency Plans
Will the East Africa Community soon have a unified currency?
CBK Rate Reduced, Bank Loans and Shilling could show effects
what are the effects of the lowered CBR?
Immigration Department Revises Travel Document Fees
The price of passports has just gone up, according to the latest release from the immigration department.
International Crude Oil Prices Drop Further
Pump prices may go down after the price of crude oil drops to the lowest price since January 2011.
Stocks Watch
Today we will be observing the following counters at the NSE trading: Housing Finance Co. – The share gained for the fourth day this week after hitting a three-month low on Friday last week. It closed yesterday’s trading 1.33 percent higher at KES 15.2 from KES 15.0 on…
Closing Bell – 5 July 2012
INDICES The NSE All-Share Index today dropped 1.1 percent to close at 82.47 points from 83.39 points yesterday while the NSE 20-Share Index gained 4.5 percent to close at 3,795.3 points from 3,631.2 points yesterday. HIGHEST VOLUMES Like…
Central Bank Lowers Lending Rate
The Central Bank of Kenya‘s Monetary Policy Committee has this afternoon resolved to reduce the Central Bank Rate from 18% to 16.5%. This is a welcome move for borrowers as it could indicate lower interest rates on loans offered by banks. Commercial banks peg the…
Philips Launches New Range of Energy Saving LED Bulbs for Kenya
Electronics company Philips has announced a new range of energy saving LED light bulbs which are aimed at replacing existing light bulbs in such areas as hotels and restaurants. The new LED range offer significant energy savings of up to 90%, a very long life…
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