Is Sugarcane Farming Modern Day Slavery?
At the foot of the food chain is the cane farmer who pays for all this inefficiency. When it comes to payment, the miller recovers all their costs and leaves the residue for the actual producer. For all his labor, the farmer gets paid kes 3,800 per ton of cane. Then they say Lincoln freed all the slaves.
Inflation Rate Drops to 6.09%
Kenya’s overall inflation rate for the month of August 2012 has dropped to 6.09 per cent, down from 7.74 per cent in July 2012. The last time Kenya’s inflation rate stood this low was in January 2011 when it posted at 5.42 per cent.
Your End of Month Shopping Discounts
Below are a couple of deals that will cut down your end of month shopping expenses.
The PesaPortfolio – 31st August
A look at the latest value of The PesaPortfolio
KNBS to Post August’s Inflation Rate
Kenya National Bureau of Statistics (KNBS) is expected to release Consumer Price Indeces (CPI) and rates of inflation for August 2012, today, 31 August 2012. Fuel price dropped in August as compared to July. The drop in Diesel and super petrol prices could result in a drop in the transport…
Changes Coming To DStv
As of 1st October 2012, DStv subscribers will get 8 genre themed movie channels. Under the tagline ‘Movies for every Mood’, channels will be themed according to movie type. The themes include: M-Net Movies Premier M-Net Movies Comedy M-Net Movies Family M-Net Movies Action+ M-Net Movies Drama &…
Ministry Reports Insufficient Medical Cover for Informal Sector
The Ministry of Medical Services has reported that low-cost health insurance schemes lack the capacity to cover members of the informal sector. The Ministry stated that the cost of medical services outweigh the contributions of the policy holders. Minister for Health, Prof Anyang’ Nyong’o said that…
MPs Paid 'Peanuts'?
Kenyan MPs earn a basic salary of KES 200,000 and a total of KES 651, 000 in allowances every month. In total, the honorable members take home KES 851,000 a month on average with other benefits which bring the figure in excess of KES 1 million . Peanuts.
Buy What You Want To Watch With DStv
DStv will soon start selling specific programmes to its subscribers, under the ‘video on demand’ model. As posted in the Business Daily, DStv subscribers will use their remote controls to bring up a list pf pre-loaded programmes from which they can select the ones…
Stocks We Are Watching Today
The shares we will be closely observing in today's trading at the Kenyan Stock Market
NIC Rights Issue;Timetable of Principal Events
This is part of a series of articles sponsored by NIC bank. NIC are currently having a rights issue that started on 27th August. Read more about their rights issue here. …
Sweets for change? Bring your own coins!
However, the same ego will see them insisting that supermarkets should stop attempting to rob them by ensuring they give change in full, including the worthless, heavy, Ksh.1 coins. So, if they get Ksh 1 coins from the supermarket as change, where do the coins go, such that no one appears to have Ksh 1 coins when paying for their shopping?
8 Things You Should Know This Morning
1. Alarm as loan defaults rise by Sh4bn steep rise in the cost of loans that started at the end of 2011 has left many borrowers incapable of servicing their debts, pushing up the level of default across the banking industry. The volume of non-performing loans…
Closing Bell – 30th August 2012
A summary of share trading activity at the NSE today.
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