Fake Phones and Unregistered SIM Cards on Notice
The governments intention to wipe out counterfeit mobile phones from the market is well on course, Information Permanent Secretary Dr. Bitange Ndemo has said. Speaking at the launch of Safaricom‘s Huawei 100Y phone, the PS said that the shut down of the counterfeit mobile phones could start…
Closing Bell – June 26 2012
INDICES In today’s trading, the NSE 20 share index gained 12 points to stand at 3,738 points from 3,726 points yesterday. The All-Share index today stood at 81.3 points from 80.90 points yesterday. Meanwhile, the FTSE NSE Kenya 25 index closed today’s trading at 110.13 points up from 109.79 points…
K-Rep Bank To Open More Branches
K-Rep Bank has disclosed that plans are underway to open at least 20 new branches countrywide by 2015. The SME lender which re-branded on Monday 25th says it plans to roll out more branches countrywide to ensure that it takes its services closer to its target clients…
Budget Allocations Towards Social Equity
The budget for the fiscal year 2012/2013 has made special allocation of funds to certain groups in the society. The allocations are outlined below: In regards to gender allocation, KES 300 million has been allocated towards the provision of sanitary towels for girls from poor families…
Kenya's Luxury Housing Boom
How do you feel about renting an unfurnished two bedroom apartment for KES 180,000 per month? How about KES 480,000 per month for a three bedroom penthouse? These prices are on a brochure I came across for Serene Valley apartments in Upper Hill, one of Nairobi’s high-end residential areas.
Bamburi, E.A. Portland Shares Drop
Both Bamburi and E.A. Portland Cement company shares fell yesterday signaling possible shifts in investor confidence towards the cement making industry. Bamburi fell by 3.7% to close at KES 158 down from KES 164 on Friday while E.A. Portland fell 4.7% to close at KES 60 down from…
Kenya Airways Fleet Expansion Program on Course
National carrier Kenya Airways has signed an agreement with Africa Export-Import Bank (Afreximbank) for a KES 159.6 billion ($1.9 billion) loan for its fleet expansion program. The airline raised KES 14.488 billion which it intended to use for buying new aircraft to replace its ageing B767 and B737…
Airtel’s New Airtime Offer
Airtel Kenya is offering discounted airtime at all Nakumatt branches. For airtime worth KES 1000 you will pay KES 750 For airtime worth KES 500 you will pay KES 400 For airtime worth KES 250 you will pay KES 213 The offer ends on 22nd July…
Budget Analysis: Health Sector Allocation
The 2012/2013 budget has allocated KES 12.3 billion to the Health sector. The allocation is expected to go towards Employment of 5,200 health workers among them, 715 doctors Improving immunization coverage for children and reducing morbidity and mortality from malaria HIV/AIDs, tuberculosis and non-communicable diseases (NCDS)…
My Money in My 20’s: Your Financial Future is Determined in Your 20’s
See that fella over there? He’s 20 years old. In 10 years, he’s got a chance to be a star. Now that fella over there, he’s 20 years old too, in 10 years he’s got a chance to be 30 – Cesey Stengel
Stocks Watch – June 26 2012
At the close of share trading at the NSE yesterday, the Diamond Trust Bank share closed at KES 100 which was 2.9% below its previous close of KES 103 last week. The bank’s share has shown fluctuated performance this year, hitting a high of KES 104 mid this month. DTB…
An Analysis of the 1.4 Trillion Kenyan Budget
A couple of weeks ago the budget was read. The response on the ground was a mixed one. Even though there were winners and losers, for the most part, questions were rife in the minds of the citizens. Does the landlord tax mean my rent will go…
Closing Bell – June 25 2012
INDICES In today’s trading, the NSE 20 share index closed at 3,725 points compared to 3,681 points one week ago. The NSE All-Share index closed at 80.90 points while the FTSE NSE Kenya 25 index closed at 110.13 points. KEY ACTIVITY In today’s trading activity at…
Kenyan Banks More Interested in Retail Clients
Kenyan banks are turning to retail investors for cheap funds as opposed to large depositing customers for fear of paying high interests. According to figures released by the Central Bank of Kenya, loans grew faster than customer deposits in 2011. Commercial banks deposits are the primary source of funding for…
Cashless Shopping
It’s almost pay day and guys will soon be flocking the supermarkets to do their monthly shopping. We have compiled a couple of payment options that could not only save you on time, but also make your shopping more convenient. 1. Paying via VISA card…
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