An ATM in the Kitchen Maybe?
This past long weekend, there were many complains on social media about ATMs which were out of service. It seems that most of them went on a long weekend as well, leaving customers stranded without access to their money. At this stage, banking via mobile money always comes in handy.
Kenya Railway To Upgrade Commuter Routes
Kenya Railways Corporation is planning to upgrade all its operational commuter routes to help expand its operation and take care of growing transport needs in the city and the whole country. The corporation plans to upgrade the rail road to standard gauge and refurbish its coaches to encourage passengers to…
Do’s And Don’ts of Buying Land: Dealing with a Lawyer in a Property Transaction
This is a follow up post to last week’s article on: Do’s and Don’ts of Buying Land: Involving a Lawyer in a Property Transaction. What are some of the things you should put in mind when dealing with a lawyer in a property transaction?…
Stocks Watch – 4 June 2012
In today’s trading we shall be keen to note the performance of the following counters: Kenya Airways: this week the airline is set to announce the results of their rights issue. This is bound to have an effect on the performance of the counter over the course of the week…
Forex Trail – 4 June 2012
The Kenya Shilling continued its losing streak against the major world currencies, losing 1.0115% against the US Dollar and 0.3876% against the Euro. Regionally, the Kenya SHilling lost against the Uganda and Tanzania Shillings, and the Rwanda Franc.
Safaricom Moves 63M shares
There are normally 2-4million Safaricom shares on a normal day. 63 million shares were traded on Thursday!
Remember, there are 10 Billion listed Safaricom shares... 63 million is a drop in the ocean.
No More Levies on Accounts, Says CBK
In a bid to encourage a saving culture among Kenyans, the Central Bank of Kenya has issued new guidelines that abolish the levy charged on accounts by banks, which are expected to be enacted this coming July. Most commercial banks often charge a monthly maintenance on accounts, ledger fees or…
The Scam: Real People, Real Stories
Unfortunately, many unsuspecting people are scammed everyday in Kenya. Scams target people of all backgrounds, ages and income levels across the country and there is no one group of people who are more likely to fall victims than the other. Many have lost their life savings…
The Relationship between CPI and Inflation Rate
Price of consumer goods and services has been on the rise in the recent past, reflecting an increase in Consumer Price Index (CPI). On the other hand inflation rates appear to be on a decline, an indication that the economy is strengthening. Data sourced from KNBS…
Eastleigh and the Rise of Somali Diaspora Capital
This article was first published in www.chimurenga.co.za , and in Voices Awaaz Magazine, and is an excerpt from ‘Trade Routes in The Chimurenga Chronical’ for which acknowledgement is made. One night in December 2000, a fire razed down Garissa Lodge in Eastleigh, Nairobi, about 2km east…
A Summary of the Kenyan Banking Sector Report
43 commercial banks.
112 foreign exchange bureaus.
6 deposit taking microfinance institutions.
4 representative offices of foreign banks.
2 credit reference bureaus.
1 mortgage finance company.
~ This is how the Kenyan banking sector looks like as at the end of March 2012.
Unfamiliar Investments: How do REITs work?
REITs collect funds through an Initial Public Offering (IPO). These funds are then used to buy, develop and manage real estate projects. Income is generated through renting, leasing, or selling the properties and is distributed directly to the REIT holder on a regular basis. When a REIT pays…
Am I a Great Investor?
As an investor, whether in real estate, stocks, bonds or mutual funds, one always wonders where they would rank against other investors. Are the investment decisions you make sound? Are the stocks held in your portfolio good buys? Are your convictions and perceptions about certain companies and…
The Curious Case of Eveready
Kenyans were excited about the stock market. The Kengen IPO had made some shareholders up to 6 times their initial investment. Eveready was going to be successful too right?
Top Posts This Past Week
These are the Pesatalk posts that we thought we should highlight this weekend, in case you missed any of them. 1. Be Warned Of This ATM Theft Technique I recently received an e-mail from a friend warning me to be careful when conducting ATM transactions. Apparently, thieves have devised a…
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