KQ Autumn Specials
During the autumn season, you can fly with Kenya Airways from London Heathrow to: Nairobi at £ 500.00 (Approximately KES 65,649.15), Der es Salaam at £ 588.00 (Approximately KES 77,203.4004) Entebbe at £ 568.00 (Approximately KES 74,577.4344) The above fairs are subject to the following terms…
Government's Housing Solution for Tough Mortgage Market
It is everyone’s dream to own a house of their own, though with the ever increasing development costs and the rise in mortgage interest rates, such dreams are fast fading away. Well, don’t despair, your dreams of owning a dream home might still be achievable, that’s…
KCB to Boost its Mortgage Fund
KCB Bank Group plans to borrow up to $150million in long-term financing to support its mortgage kitty. The group which offers mortgage financing through its subsidiary S&L Mortage has plans to raise the money by the end of the year. According to…
Centum Fine Confirmed, Share Falls
The Capital Markets Authority yesterday confirmed that Centum Investment Company Ltd will receive a fine for failing to give a profit warning for this year’s half-year results, a report in the Business Daily said yesterday. Centum’s official financial statements for the year ended 31st March 2012…
Random Tweets on Competition, Markets and Foreign Aid
Foreign firms’ biggest impact in developing nations may not be the jobs they create or money they pay out but the products they make — sure nazareth(@iFortknox) June 26, 2012 Vodacom for example provides services from texting to mobile banking in Africa. A mobile…
Fake Handsets Deadline Set
3 months to fake handset shut down
Banks to Hire 'Professional Bankers'
Bankers will soon be required to attain professional banking qualifications to be able to work in banks. Kenya Bankers Association chief executive Habil Olaka says its time the industry defined who a professional banker is because at the moment, individuals with bachelors degrees can work as banking executives. The…
Stocks Watch – June 28 2012
These are the various NSE share updates for today as of 10.04 am (data from mystocks) The Equity Bank share is up 50 cents at KES 21.50 from yesterday’s close of KES 21.00 This is the share’s first gain since Wednesday last week. ScanGroup is down 1 shilling at…
How Mobile Phones are Tackling Poverty
Mobile telephony especially in Africa has moved from the mere provision of communication to creating new and bigger possibilities in markets and provision of services. From a communication device, it has transformed to a remote control of people’s lives, with big impacts on the quality of life especially in low-income…
Forex Trail – June 28th
Latest currency data from the Central Bank of Kenya website shows that the Kenya Shilling yesterday appreciated 9 cents to exchange at KES 84.26 to the US dollar up from KES 84.35 on Tuesday. The Shilling had on Tuesday depreciated 0.4 percent against the US dollar…
New System to Track Irregularities at the NSE
The market authorities have launched a surveillance system that will monitor transactions in real-time and help track irregularities in the Nairobi Stock Exchange. This new system will ensure equal information on stocks to all market players, and will send real time alerts and analysis to investors. Commenting on it, Stella…
CFC Insurance Holdings Profits Rise
CfC Insurance Holdings Limited (CfCIH) held its first Annual General Meeting (AGM) during which they announced a consolidated pretax profit of KSh 950 Million for the year ended 31 December 2011 up from KSh 260 Million in 2010. CfCIH, which was listed at the…
CFC Holdings Shareholders Approve Name Change
CFC Insurance Holdings will be changing its name to Liberty Holdings Kenya Limited. This came as the shareholders approved the change of name at the company’s Annual General Meeting (AGM) CFC Insurance Holdings, which listed at the Nairobi Securities Exchange (NSE) is the…
NSSF Real Estate Disposal to Adhere to RBA Rules
The National Social Security Fund (NSSF) has reiterated that ongoing plans to reduce its real estate portfolio will be undertaken in strict adherence to the Retirements Benefits Authority (RBA) regulations. According to NSSF acting Managing Trustee Tom Odongo, the ongoing process to reduce…
Budget Analysis: Understanding Taxation Proposals
Below is an analysis of the various taxation proposals in the 2012/2013 budget. The interpretation of each proposal we have listed has been sourced from the Institute of Economic Affairs 2012 Budget Guide. In regard to excise duties, there’s a proposal to revoke the status of…
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