Laws That Should Protect You From Rent Increment
Kenyans have for the longest time been victims of exploitative property owners who hike rent whenever they like with no regard, what-so-ever, to their tenants. There have been attempts to safeguard tenants from such exploitative landlords, but these attempts have been frustrated by the procedures entailed…
What Winnie the Pooh Teaches Us About Investing
If you look around carefully, there are many money lessons everywhere. Even Winnie the Pooh, this bear of very little brain has a bit of financial wisdom for us. In this particular incident, Winnie the Pooh misunderstands a note from his friend, Christopher Robin. In the note, Christopher…
Money Inflows From Kenyans in Diaspora Increase
Kenyans in the diaspora remitted over KES 8 billion in the month of March 2012. This is 49% more than the money remitted in March 2011. Indeed, Kenyans abroad seem to be doing quite well.
Forex Trail – 14 May 2012
Below is a table of the movements between the Kenya shilling and other major international and regional currencies over the last two trading sessions (Thursday 10th May 2012 and Friday 11th May 2012): Currency Date US Dollar Sterling Pound Euro SA Rand KESUSHS KESTSHS KESRWF Thursday 10 May 2012…
Stocks Watch – 14 May 2012
At the close of trading last week the NSE 20-share index stood at 3,599.33 points up from 3,589.43 points the day before. The NSE All-share index also rose from 78.36 on Thursday to 78.46 on Friday. The increase in these indices is characteristic of end of week trading as investors…
National ID Replacement Levy Could be Dropped
The government is contemplating removal of the Shs. 200 levy on replacement National Identification Cards (IDs). Speaking at a rally in Kakamega County, Immigration assistant minister Francis Baya instructed all chiefs and assistant chiefs to urge eligible youth to start the process of acquiring IDs. The Shs. 200 levy and the…
Frugality at its Dumbest: 9 Worst Ways to Save Money
Saving money is great, but not if it is at the expense of your long term financial future and well being. As much as possible you have to consider the long term effects of your decisions on yourself and those around you. Otherwise, you might find yourself paying a hefty price for your “savings”
Taps To Run Dry For 2 Weeks
Nairobi Water Company has announced that the water shortage caused by damage on a supply pipe from Sasuma Dam will take two weeks to repair, and that normal water supply will therefore resume in about two weeks. Areas worst hit by the water shortage…
Sigh Of Relief for Tenants
The recent move by the Tax-man to tighten his grip on defiant landlords who have been evading property taxes will see rent increased as landlords pass on this additional costs to their tenants. Click here to read more on…
An Obsession With Consumerism
A quote we though we might share, by Adam Baker of Sell Your Crap No longer is consumerism confined to dark alleys and shadows. We’ve incorporated it as part of our daily life! We invite it into our homes. It’s embedded deep within our media and entertainment channels.
10 Million Shillings for One Share?
10 million shillings is many things. Food for entire villages, schoolfees for entire communities, brand new Mercs. 10 million is also the price of one class A share in Berkshire Hathaway, Warren Buffet's company.
Introducing the Pesa Portfolio!
From tomorrow we at the pesatalk will be taking you, our beloved reader, through the investing process in an interactive and understandable way. We’ve dubbed this PesaPortfolio. We believe that when talking about money and where to invest it, it would be even more useful if you could be…
Deloitte Launches Budget Championship
Deloitte in East Africa has launched the East Africa Deloitte Budget Championship. For the 2nd year running, the professional services firm is conducting the budget championship whereby participants will compose essays themed on “strategic forward thinking and providing innovative solutions” answering the question: If you were a CEO…
Three Months Notice?
Imagine having to give your Landlord three months notice before you can vacate a house. Well, this will be the case when the Landlord and Tenant Bill, which is yet to be discussed by cabinet, is passed. Finding that ideal house to rent today…
The Various Average Rates and What They Mean
According the Central Bank of Kenya’s (CBK) website as at the close of business on Thursday, the various interest rates in the economy are as follows: Rate % Date Inflation 13.06 Apr-12 Central Bank Rate 18 04-Apr-12 T-Bills (91) 15.93 23-Apr-12 T-Bills (182) 14.775 07-May-12 T-Bills (364) 16.915 09-Apr-12 Interbank…
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