What Will Happen to Your Estate?
Do you have a will, does your clan have a say on your property, and what laws govern property inheritance? Based on the lengthy details in regard to the law of succession, we have broken it down into three parts: An introduction (Which is covered below)…
Mistakes Women Make With Their Money
A few of us handle our money flawlessly. Sadly, the majority of us do not. Most of us make mistakes here and there. We make some mistakes more than others, because of our personalities, our upbringing… or sometimes even our gender. Ridiculous? Perhaps, but true nonetheless. Let me start with…
Is Ignorance Bliss?
Picture this scenario; you’re on a date at a fancy restaurant. The waiter comes up and in an attempt to appear sophisticated you order oysters. Your date declines and says; “I had to dissect one during my study and once you’ve searched for the reproductive organs of an oyster you…
For Your Weekend Reading
Here are some stories we have put together for your weekend reading 1. Kenyans’ spending habits fuelling inflation Such is the spending pattern as more Kenyans have more to spend. While those selling goods and services will hike the prices due to the higher demand, Kenyans will be…
Commuter Rail Upgrade Gets a Boost
Commuters living along Mombasa road will soon get a break from the long hours they spend in traffic when the new developments in the railways system are finished. The upgrade plans to make standard gauge rail lines to handle high speed trains and refurbished coaches and engines looked on course…
Closing Bell – 15 June 2012
Gainers Price (KES) Change (%) Pan-Africa Insurance Holdings 37.00 8.03 Mumias Sugar Company 6.50 6.56 Housing Finance Company Limited 16.50 5.77 E.A. Portland Cement Limited 63.00 5.00 Equity Bank Limited 22.00 3.53 Losers Price (KES) Change (%) Eveready East Africa Limited 1.60 8.57 AccessKenya Group Limited 5.05 6.48…
Airtel's Anomaly on SMS Charges
Airtel Kenya, through there twitter handle have announced that they are experiencing an anomaly in SMS charges which has resulted to users being over charged. Airtel Kenya technical team is working on resolving the issue. We are currently experiencing sms charging anomaly. Sms are being overcharged, kindly bear…
Second Hand Clothes Prices to Drop
In yesterday's budget speech, the finance minister said that he had instructed KRA to immediately revert their taxation method on second hand clothes. KRA raised the taxes on 20-foot containers of mitumba by 73% raising the cost of mitumba clothes significantly. With the ministers decision on the taxation on second hand clothes, the prices of mitumba should drop soon.
Wekesa’s Pay Day
Wekesa, a plumber, was recently contracted to install piping for an apartment and earned himself KES 15,000. This is the highest he has earned in a while, and like many Kenyans, this was how he spent the money. First, he decides to reward himself for his…
Looking for an Investment? Try CBK’s 10-Year Bond
The Central Bank of Kenya, in its capacity as fiscal agent for the Republic of Kenya, has began the sale of a new 10-year fixed coupon (fixed payment) bond intended for budgetary support purposes. This seems to be in line with the KES 106 billion the government seeks to…
Digital Migration Could be Cheaper
The cost of migrating from analogue signal to digital signal will soon drop after the government’s move to remove import duty on set top converter boxes. In a budget statement read by Finance Minister Njeru Githae in parliament on 14th June, the move is aimed at making the boxes affordable…
Investors Prefer Longer-dated Bills
Yesterday the Central Bank of Kenya (CBK) auctioned 91 day Treasury bills worth KES 2 billion. The bank received 159 bids amounting to KES 632 million representing a subscription rate of 32%. The bank accepted bids worth KES 584 million. The yield on the short term securities increased from 9.801%…
Pesa Portfolio – 15 June 2012
Below is a table showing the performance of the Pesa Portfolio following yesterday’s closing bell at the Nairobi Securities Exchange. The portfolio gained KES 45 in yesterday’s trading. The Mumias Sugar stock gained 10 cents in yesterday’s trading to close at KES 6.10 and add…
Treasury Backs KRA in Property Tax Collection
One of the highlights from yesterday’s budget speech is treasury’s introduction of new measures to rope landlords into the tax bracket. This isn’t the first time such a move has been made. In 2005, Kenya Revenue Authority (KRA) announced plans to use bank accounts…
Banks to be Liable For Agents' Actions
Banks will now be liable for the actions of their appointed agents in regard to service rendered to clients on their behalf. In a bid to protect bank clients, Finance Minister Njeru Githae said in the budget statement 2012/2013 that the government is committed to ensuring that the clients’ interest…
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