BlackBerry Service Plans Available In Kenya
Pulling the plug on the blackBerry could cost corporate America millions of dollars. The BlackBerry is more than e-mail but a handheld office, and if you shut down the BlackBerry, you shut off the data that powers American business – Al Smith
Safaricom to Announce its Results
Mobile operator Safaricom is set to announce its full year financial results for 2011/2012 on Thursday. The largest mobile operator in Kenya has in the recent past been experiencing drops in its profit. For the half year 2011/2012, Safaricom realized drops in profits to Shs. 4.01 billion…
Air Fares To Go Up
Passengers might have to pay more fares after Kenya Airports Authority increases service charge beginning July. The service charge is a fee KAA charges passengers who use its facilities, which primarily are the local and international airports in Kenya. KAA has received approval from the Finance minister Njeru Githae to…
KenolKobil On Sale
KenolKobil makes only 66bob every time you spend 4000 on your car fueling. No wonder They're on sale
Own Land in Nairobi for as Little as KES 54,000
It is everyone’s dream to one day own a piece of land somewhere and as land prices increase, such dreams slowly die. Well, you can still hold on to your dreams of owning land in Nairobi, better still, at a fraction of the price. I stumbled…
Stocks Watch – 8 May 2012
As at the close of trading the NSE 20 share index was down 11.97 points, as compared to Friday last week, to close at 3,599.13 points. The NSE all-share index was down 0.07 points to close at 78.50 from the previous session’s 78.57 points. The stocks to watch in today’s…
Forex Trail – 8 May 2012
The Kenya shilling strengthened against major world currencies, gaining against the US Dollar, the Euro and the South African Rand yesterday.
Investors Hope for Longer Term Bonds
Kenyan Treasury bill yields are expected to continue their decline after inflation fell in April and the Central Bank of Kenya (CBK) held its key lending rate. In lieu of this, investors are hoping for longer-dated bonds with the expectation that the CBK will finally cut the Central Bank Rate…
Ndemo Calls for Fresh Study on Termination Fee
Information permanent secretary Bitange Ndemo has called for a fresh study into the rates of the termination fees which CCK announced last week. The Communications Commission of Kenya last week announced it would slash the termination fees from the current Sh2.21 to Sh1.44 per minute in July. Mobile termination…
CCK Board Split over Reduction of Termination Rates
The communications regulator’s board is split over plans to lower mobile termination rates from KES 2.21 per minute to KES 1.44 per minute. The termination rate is the amount of money an operator pays another operator if its subscribers call another network. Mr. Francis…
Closing Bell – 7 May 2012
A summary of the day's activities. 11 million Safaricom shares on the move.
More Kenyans Are Using Solar Heaters
Reports show that Kenya is emerging as a world leader in the adoption of solar equipment with statistics from David & Shirtliff showing that high electricity costs, irregular power supplies, and new regulations are driving exponential growth in its sale of solar-powered water heaters. The National…
Home Owners Get Title Deeds from NSSF
The National Social Security Fund (NSSF) has confirmed that a strategy to reduce its real estate portfolio to align with the national regulatory requirement is well on course. As part of the strategic effort, NSSF has now stepped up the issuance of title deeds to homeowners who…
Your KPLC Prepaid Tokens To Cost You 36% More
Kenya Power is set to implement its new tariff by July after getting consent from the government to do so. Click here to read more on this. The new tariff system increases the fixed charge by 33.3%, from KES 120 to KES 160. It also increases energy charges as follows:…
DTB Gets Shareholder’s Approval for Rights Issue
The shareholders of Diamond Trust Bank (DTB) have approved a KES 1.8 billion rights issue as proposed by the Board. DTB is Kenya’s sixth largest bank in terms of pre-tax profit as it reported an after tax profit of KES 2.99 billion for the financial period ended December 2012.
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