SACCO Loans Saving Kenyans from High Interest Rates
More Kenyans are signing up with Savings and Credit Cooperatives (SACCOs) for saving, loans and as investment vehicles. According to a supervisory report released by the Sacco Societies Regulatory Authority (SASRA) for the period ending December 31, total assets for the 215 Saccos licensed to…
EABL Sales Top 50 Billion for 2012
Alcohol sales in Kenya grew 16 percent in the year on the launch of new brands while in Uganda sales climbed 38 percent mainly on more efficient manufacturing.
The Beach Boy Economy
With over a million visitors flocking the country every year and a large percentage of them making there way to Mombasa there is an economy that thrives on this numbers. Just how does this Beach Boy Economy work?
Lessons from Total’s KES 259 Million Loss
When Total Kenya announced that they had incurred a loss of KES 259 Million there was uproar? Everyone thought that oil is big business. What exactly does this loss teach us?
NIC Bank Nets More than 2 billion to June
Profit grew mainly on higher interest income which doubled to 5.6 billion shillings from 2.72 billion last year amidst a high interest rate environment
Do You Need to Study a Marketable University Course?
Initially, many dream of making the cut for prestigious courses in campus. Ask any kid of their dream job, and you will probably get doctor, lawyer, pilot, architect or an engineer. The truth is that only 46,000 people get picked to go to university. So how many do you think get their ideal course?
Stocks 101: Why Would I Buy Shares?
Studies have shown that shares are a good investment to make more so for long-term gains
Stocks Watch
The shares we will be closely watching in today’s trading at the Nairobi Securities Exchange
8 Things You Should Know This Morning
1. CCK rules out compensation for fake mobile phones Owners of the more than two million counterfeit phones that are expected to be switched off next month will not be compensated. The Communications Commission of Kenya (CCK) says it has reached an agreement with the Consumers Federation of…
Closing Bell – 23 August 2012
A summary of share trading at the Kenyan Stock Market today
Pay As You Drive Vs Normal Car Insurance
Gateway Insurance recently launched a new motor insurance service that appears to be a good idea. The concept seems simple enough; Vehicle owners pay less for insurance the less they drive. The service is called Pay as You Drive (PAYD). This seems like a reasonable deal…
CCK Delay Eats Into Dealers' Profit
Dealers in television sets are wary over delayed proceeds. This is being attributed to Communication Commission of Kenya (CCK) delayed issuance of licenses to television manufacturers who cannot start shipping the sets before the licensing from the regulator. LG Electronics Kenya Corporate Marketing Assistant Manager…
CFC Chief Shareholder to take up 60% of Rights Issue
CFC Stanbic Holdings‘ key shareholders Stanbic Africa Holdings Limited (SAHL) has disclosed that it will take up its full entitlement in the upcoming Rights Issue. This has been revealed by the CFC Stanbic Holdings(CSH) board in a statement on the disclosure of…
NSSF Pushes for Improved Retirement Plans
The National Social Security Fund (NSSF) has made moves to establish a bill that will provide pension schemes for all Kenyans across the board. According to Kenya College of Accountancy (KCA) University Chancellor, Prof Arthur Eshiwani, the proposed statement will give members of the…
1
