Get paid to Save Water
Banki Ya Maji, a new app, is being developed that will see you earn from reducing the volume of water you use daily. This service will entail an individual/household opening an account with Banki ya Maji (BYM) , principally via the internet providing the required details. Thereafter, BYM will…
Discounts? There's an App for that
Kenyans may soon have access to all the latest deals and discounts that retailers have to offer. A team of three young entrepreneurs is developing a mobile phone application (App) that points out price cuts to the consumer. The service, dubbed Twanga, will also help retailers clear their…
KES 100,000 For a Personalised Number Plate
You can now have that personalized registration plate after all. The Registrar of Motor vehicles will require you to replace worn out plates at a standard fee of KES 50,000 while acquiring a new one will cost you KES 100,000. The Transport Ministry has lifted the…
Africa's Economy Thriving on 'Influenced Spending'
As African economies grow, the growth is trickling down and people have more disposable income. Their spending patterns are being dictated and shaped through media and other influences as Africa ‘opens up.’ The middle class are on the rise.
Stocks Watch
The shares we will be closely watching in today’s trading at the Nairobi Securities Exchange
Stocks 101 – The Nairobi Securities Exchange
This is part of a series of articles sponsored by NIC bank. NIC will be having a rights issue starting 27th August. Read more about their rights issue here. In 1951, an Estate Agent by the name of Francis Drummond established the first professional stock broking…
8 Things You Should Know This Morning
What are we waking up to this morning? 1. State approves use of personalised number plates The Transport ministry has lifted a ban on modified number plates, handing businessmen, politicians and celebrities the freedom to pick preferred identification symbols for their vehicles. While the right to personalised number…
Closing Bell – 15 August 2012
A summary of today's share trading activity at the NSE
Why Fuel Prices Dropped Despite Rise in International Oil Prices
Kenyans this morning woke up to another drop in fuel prices, this coming despite rice in international oil prices. As posted in the August 2012 petroleum prices press release by the energy regulator, (ERC), the Free On Board (FOB) price of Murban crude oil lifted in July 2012…
How Much Did Kenyan Banks Make From You?
It's half year results time and banks are showing exactly how well they did but how much of this money did they make off their customers?
Nokia Steps Up Smart Phone Competition
Nokia has stepped up its bid to reclaim the smart phone market in Kenya which has long been dominated by Samsung. Nokia has announced that the Nokia Asha Touch 311 smart phone is now available in Kenya. The Nokia Asha 311 is a compact touch screen device that…
NationMedia Launches NationHela
NationHela, a new international money transfer platform that allows you to send and receive money from anywhere in the world, was this morning, 15 August, 2012, launched at Nation Center. NationHela is a partnership between Nation Media Group and Diamond Trust Bank that is designed to…
Kenya has Reliable Food Supply, for Now
The country has a reliable supply of food, at least for now. According to the Agriculture Ministry PS, Romano Kiome, save for the North Eastern part of the country, crop production has been steady since the beginning of the year. In an interview with Reuters on…
CBA Posts 47% Profit Increment
Commercial Bank of Africa (CBA) has reported a profit increase of 47.1% for the six month period ending June 30th 2012. The bank made a profit before tax of KES 2.00 billion up from KES 1.36 billion the same period last year. The bank paid…
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