Thirteen Thousand Homes and Thirteen Thousand Cars. Lost.
Thirteen thousand 4-bed maisonettes and thirteen thousand Premios (one for each home) would cost about $2 billion, 167 billion shillings.
That is the amount of money that JPMorgan Chase has lost in the last two weeks.
The Landlord and Tenant Bill, How Practical Is It?
A proposed bill by Housing Minister, Soita Shitanda, that affects you as both a tenant and a landlord.
Closing Bell – 11 May 2012
A summary of the day's goings-on at the NSE.
There were 4.843 million KCB shares traded today with the share closing 25 cents up.
Safaricom however, 4.042 million shares trading with teh counter closing 5 cents down.
Bill to Protect Tenants From Unexplained Rent Hikes to be Discussed
Should the Landlord and Tenant Bill before parliament be passed, landlords will have to get a permit from authorities to increase their rent. The bill which is before parliament seeks to to protect both landlords and tenants to ensure that both parties have an agreeable business relationship. Housing minister Soita…
Safaricom's M-pesa Revenue Proof of Mobile Money Grip
It could easily pass in many quarters as correct to say M-Pesa is the best thing that has happened since sliced bread. Well, it could be true, but the real big thing was the penetration of the mobile phone in Kenya. The mobile phone growth in the country forced people…
First Step Towards Regaining Control of Your Finances
Do you earn a decent salary but are always broke? You can’t seem to get a handle of where your money went or how you spent it all. The first step towards escaping this vicious cycle of mismanagement of your funds is to start keeping track of…
Don’t Expect Significant Reduction in Electricity Bills Following Heavy Rains
Kenya Power announced that it will lower this month’s fuel levy charged from 742 cents/kwh to 697 cents/kwh, following the heavy rains that have been encountered lately. I embarked to calculate how low this months electricity bill would be following this reduction. The fuel levy charge accounts for…
GOtv Subscribers Get More Channels
GOtv subscribers will now enjoy a total of 40 channels after GOtv revised upwards its monthly subscription fee by KES 135, from KES 585 to KES 720. This increase in monthly subscription rate led to numerous complaints from its subscribers who demanded for more channels.
Longhorn Publishers to List on the NSE
Longhorn Publishers is set to list on the Alternative Market Segment (AIMS) of the Nairobi Securities Exchange (NSE). The publisher will list 58,500,000 ordinary shares at KES 1 per share. Prior to the decision to list publicly the share were trading at KES 66 per share on the Over-the-Counter Market…
Housing Finance to Develop Affordable Houses in Komarock
Mortgage financier, Housing Finance is set to construct 162 maisonettes and a commercial centre. The firm, through its subsidiary, Kenya Building Society, will put up the structure on a13-acre piece of land in Komarock, Nairobi, at a cost of Sh800 million, making a grand return to property…
Stocks Watch – 11 May 2012
A summary of what to look out for in today's trading at the NSE.
Safaricom will be one to watch. Yesterday's results announcement should drive up the share price.
Eyes should also be on Unga Group. The share price rose the maximum 10% in yesterday's trading.
Equity Bank May List Overseas
According to Reuters, Equity Bank could consider listing overseas as their rapid, exponential expansion puts the company in danger of outgrowing the Nairobi Stock Exchange’s capacity in terms of liquidity and efficiency constraints. Equity is Kenya’s second largest bank in terms of profitability and their loan book, has operations…
Forex Trail – 11 May 2012
Below is the performance of the Kenyan Shilling against major world and regional currencies as compared to the day before: Currency US Dollars Sterling Pounds Euro SA Rand KES/USHS KES/TSHS KES/RWF Date 09/05/2012 83.2831 134.7159 108.5593 10.6367 29.7781 18.9835 7.2345 10/05/2012 83.3972 134.6141 108.0031 10.4418 29.8572 18.8856 7.2247 As we…
Looking For a Sweet Share To Buy? Try Mumias.
The Mumias Sugar Company stock is a very interesting one, no offence to the Kenya Orchards share (see Kenya Orchards’ 2011 results here). The share has been pretty active lately. Interestingly, the share picked up steam at the Nairobi Securities Exchange right after the company announced…
Boda Boda to Pay Taxes
Cooperative Development and Marketing minister Joseph Nyagah, says his ministry is developing a law that would see motorcycle taxis, commonly known as boda boda pay taxes. (Daily Nation) In a bid to control the fast growing division of public transport, the minister says they are proposing…
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