The Month in Review
As compared to May, June was a better month for Kenyans as the price of major consumer goods and services dropped. The pump price of super petrol, for instance, dropped by KES 3.46 to retail at KES 117.67 per litre in Nairobi. Figures released by the…
Airtel, Nakumatt Launch Airtime Promotion
Airtel Kenya and supermarket chain Nakumatt Holdings have today announced a countrywide reward program that will see Airtel customers get discounts when they purchase the Airtel airtime in any Nakumatt store countrywide. Speaking at the promotion launch, Airtel Kenya managing director Mr. Shivan Bhargava…
Inflation Down 0.77%
The Kenya National Bureau of Statistics (KNBS) has released Consumer Price Indices (CPI) and rates of inflation for the month of June 2012. KNBS generates the numbers using data collected during the second and third weeks of every month under review to get the CPI. The CPI decreased by…
Dirty Money: Is it OK to Bend the Rules Sometimes?
We live in times when it is becoming increasingly permissible to employ unconscionable means of getting that extra buck. In fact, that statement is too polite because frequently, good men have prostituted their values in a bid to rake in the ever seductive “almighty dollar.” That partly explains why billions…
The Tyranny of Financial Commitments
It’s amazing but not surprising the apparent universality of financial struggles individuals and families go through. Statistics shows up to 95% of us live desperately trapped in the vicious treadmill that defy education, race or status. You have probably heard of the adage, about tyranny being like boiling…
Upcountry Cheques to Clear in Two Days
The Kenya Bankers Association has announced that upcountry banks will stop charging extra fees on cheques issued outside Nairobi starting this July. This is in a bid to speed up business transactions and also to push banks to decentralize the process of cheque truncation. KBA Chief Executive Officer, Mr. Habil…
Was June Economically Friendly?
With June 2012 almost coming to an end we should expect Kenya National Bureau of Statistics (KNBS) to release Consumer Price Indices (CPI) and rates of inflation for May 2012 soon. To recap on May’s CPI and rates of inflation, the CPI increased by0.26…
Kidero Resigns as Mumias Sugar Boss
Mumias Sugar Company Managing Director Dr. Evans Kidero has resigned. Kidero has resigned as per constitutional requirements of public officers wishing to run for political seats. The former MD is eyeing the Nairobi Governor’s seat in the next general election. He has been at the helm of the…
Private Hospitals Accept Deal from NHIF
The Kenya Association of Private Hospitals (KAPH) on Thursday said that more than 200 of its members have agreed to provide medical cover under the National Hospital Insurance Fund (NHIF) outpatient civil servants scheme. KAPH had earlier demanded KES 6,000 per patient but on…
Let’s Drink Milk
Stay young Do Milk is a KES 50 million campaign launched yesterday by Kenya Dairy Processors Association to promote consumption of milk and its products. The campaign aims at showcasing milk and its products as a fashionable drink healthy for the body Kenya Dairy Processors Association…
NSSF to Receive Dividend from NBK
National Social Security Fund (NSSF) Acting Managing Trustee, Mr. Tom Odongo, will this morning receive a dividend cheque from National Bank of Kenya Management team during a brief courtesy call at NSSF Head offices in Nairobi. This comes only two days after…
Kenya Breweries Has a New Managing Director
East African Breweries Limited (EABL) has announced that it has appointed a new Managing Director. In a press statement dated 28th June, EABL Group Director and CEO Seni Adetu announced the appointment of Mr. Joe Muganda as the MD for Kenya Breweries Limited. Mr. Muganda, who will…
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…
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