Investing In Real Estate, How Do I Get Rich?
"Essentially, these three concepts have made more millionaires than any other type of venture in human history."
Weekend Reading
Some articles to keep you company this weekend: 1. Future foods: What will we be eating in 20 years’ time? “Rising prices mean we are now starting to see the return of meat as a luxury. As a result we are looking for new ways to fill the…
Tax Matters : I
So how do your dues get to Ceaser? Here’s a simple breakdown: Take note, Taxable Income=Gross Income less allowable deductions Your Gross Income=Basic salary+Allowances *Allowable deductions refer to all contribution towards a pension or a provident scheme. If Wanjiku’s Gross monthly income is…
Kenya Re Braves the Storm
Kenya Reinsurance subscribers can remain confident that the company will provide quality services regardless of a few bumps along the road. According to the company’s half-year results, Kenya Re spent KES 2.7 billion on operating costs, claims, benefits, commissions and other expenses. This is…
Closing Bell – 10 August 2012
A summary of share activity at the NSE today
Tree Farmers Fear Losing Out in Pole Business
Tree farmers are rather fearful that they might be in the long-term verge of losing out in the electricity poles business. This comes around a time when the Kenya Power company has embraced use of concrete electricity poles to replace wooden poles. Though the high production and…
Council Calls for Free Livestock Vaccination
The Kenya Livestock Management Council (KLMC) has urged the government to provide free vaccination to pastoralist regions all over the country. This comes shortly after East Pokot District Commissioner, Amos Mariba complained of the spread of livestock diseases in the North Rift region.
Kenya Re Earnings Grow Despite 40% Higher Claims
Kenya Re's profit before tax has increased 40% despite similar growth in claims paid out.
Kenya Power Promises Low Power Bill
Kenya Power announces a possible reduction in power prices in the near future
SupaGas Ramadhan Special Offer Prices
In line with the Ramadhan spirit, the National Oil Corporation of Kenya lowered the refill price of 13kg and 6kg cooking gas cylinder and also reduced the cost of purchasing a complete 6Kg cooking unit and 13kg complete package. The offer, dubbed Ramadhan Special Offer, started on July…
Airtel Hand Set Offer of the Week, Samsung S3
Get the new Samsung S3 at KES 55,999 and micro SIM cards at KES 100 at Airtel Shops Image sourced from: i.dailymail.co.uk Features: * Quad Core Processor (Fastest Phone Processor) * High-Speed Downlink Packet Access (HSDPA) internet * Android Ice Cream Sandwich * Brightest 4.8″ LCD * Smart…
Pan-Africa Life to Help Investors Review Pension Plans
Pan Africa Life Assurance has announced that it will help its pension plan holders to review their investment policies. According to a company statement, the insurer will be holding its Annual General Meeting on the 30th of August 2012 to discuss options that pensioners will be able to…
Stanchart Half Year Profits Up 87%
Standard Chartered Bank, Kenya has reported a pretax profit of KES 6.5 billion for the first-half of 2012. This is and 87% increment on the profit the bank made in the same period in 2011. The bank made a pretax profit of KES 3.5 billion for the…
Are free shopping 'paper bags' worth their cost?
A few years ago, you had to beg, almost on your knees for a supermarket to put one item in those paper bags. One item was not enough to warrant a “paper bag”. Those were the good old days, nowadays, even walking in and out a supermarket will get a you a polythene bag. After all they are so cheap.We have heard the term before. "Paper bags are free," are they? Really?
Fixed Line Service from Safaricom
Safaricom is coming up with a strategy to venture into the fixed line business, which has previously been dominated by Telkom Kenya. This new service named Safaricom One Net seeks to target companies and big organisations. Companies prospecting to acquire this service…
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