Low Demand for Short-term Securities
Last week’s auction of the 91-day Treasury bills saw only a 1.31% rise in the interest rate from 10.54% in the week ended 15th June to 10.68% last week. Meanwhile, the 182-day commercial paper marginally increased to 10.86% during last week’s auction up from 10.74% the previous week. Demand for…
KQ Gears Up For London 2012
Early this month, Kenya Airways announced changes to its Summer Schedule. The airline suspended flights to Muscat and Rome effective immediately until further notice due to capacity optimization across the network. The airline introduced a new direct flight to Dubai which will operate three times a week with late evening…
Forex Trail – 25 June 2012
The Kenya Shilling saw improved performance against major currencies last week. Below is a table comparing its performance against major currencies in the past two weeks: Source: FILE The Kenya Shilling last week appreciated against the US dollar and Sterling Pound by 1.12 percent and 0.16 percent respectively. This…
UN Calls for Rules in Mobile Money Transfer
A recent report by the United Nations Trade Agency is calling for coordination and harmonization of mobile money in East Africa. The report states that the rapid growth of mobile money, specifically in East Africa calls for an effective and robust legal and regulatory framework. The report further…
21 Money Quotes
With the weekend coming to an end, we have compiled a few money quotes from presidents, movie stars, philosophers, athletes and even Paris Hilton, to jump start your week. “Early to bed, early to rise, keeps you healthy, wealthy and wise.” – Benjamin Franklin “Money is like a…
What Weddings Have Evolved Into
Money is tight, the girl is right, you’d elope tonight, but that wouldn’t be bright. What do you do? – WealthArtisan Weddings have evolved to become some sort of a competition, with every couple trying to throw a more lavish party than the last one.
Roommate of The Opposite Sex: Would You Take The Arrangement?
Each human being always desires a good, comfortable life as they proceed through age. In Kenya, the economic difficulties have not been giving youngsters much option as regarding good living. Thanks to creativity and ‘survival for the fittest’ mind set, most people try to earn as much comfort and quality…
The World's Highest Paid Athletes
The top 100 highest earners in sports were paid over 200 billion shillings last year alone. The top earner, Floyd "Money" Mayweather earning over 7 billion shillings from just 2 boxing fights. And who said sports doesn't pay?
For Your Weekend Reading
Some five stories for this weekend’s reading. 10 Easy Ways To Save Money On Clothes Clothes are a forbidden area of discussion especially for ladies, and today I write about 10 simple ways we can spend less on clothes, without looking less stylish. Gentlemen, don’t look away just…
Closing Bell – 22 June 2012
Gainers Gainers Price Change KenolKobil Limited 14.25 9.20 KenGen Limited 8.80 7.32 Express Limited 3.80 5.56 Uchumi Supermarkets Limited 16.95 4.63 Total Kenya Limited 15.60 4.00 Losers Losers Price Change Standard Group Limited 23.00 4.17 Carbacid Investments 118.00 4.07 AccessKenya Limited 4.80 4.00 Sasini Tea and Coffee Limited 11.55 3.75…
Our Guide to the Digital Migration
With the digital migration fast gaining momentum, we have compiled a simple guide in regard to the costs associated with migrating to the digital TV world. Our table contains installation fees and monthly rates for the channel bouquet.
Finance Sector Regulatory Authorities To Unify Services
Financial sector regulatory authorities could soon be operating together should proposals by Finance Minister Njeru Githae be adopted. The minister proposes to have Insurance, capital markets and retirement benefits regulators work together to “strengthen the supervisory capacity, safeguard stability and enhance efficiency of the regulators” “The Government will shortly commence…
Road Expansion Could Reduce Commuting Cost
The ongoing road expansion and improvement projects in Nairobi and around the country is a welcome move for many road users. The Thika Superhighway improvement project has attracted many Nairobi residents to move t0 estates along the road. The road, which was known for notorious traffic jams during rush hour…
The Cost of Trying to Please Everybody
We spend money that we do not have, on things we do not need, to impress people who do not care. - Will Smith
DStv Cuts Decoder Prices
As of this morning you can buy a standard DStv decoder for KES 4,500, down from KES 5,999. After buying the decoder you will then choose a channel bouquet of your choice. Let’s break down how much you will actually pay when you buy the decoder…
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