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…
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.
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