Servis to Exit the Kenyan Shoe Market
Pakistan’s leading footwear manufacturer and exporter, Servis Group will cede its Kenyan shops to Kwanza Shops beginning next week. It is not yet clear why the leading footwear brand and retailer is closing shop barely two years after its venture into the Kenyan market, but speculations are pointing…
Barclays Bank Plc Scandal: What happened?
On Wednesday June 27th global news reports simultaneously reported that Barclays PLC, the multinational banking and financial services company, had agreed to pay a total of $450 million or Ksh 37.8 billion to British and American regulators, to settle charges that the bank manipulated international loan interest rates.
Solutions to Awkward Money Situations
what do we do in situations that involve money and we are very unsure about?
Weekend Reading
Here is this weekend’s collection of links on articles from around the web. Enjoy! As Africa’s consumers rise, so does inequality But the wealth on show at the mall has a flip side. The consumption boom has been fueled by fast-growing credit. In Kenya and elsewhere…
Closing Bell
INDICES The NSE All-Share Index today lost 0.16 points to close at 82.31 points from yesterday’s close of 82.47 points while the NSE 20-Share Index closed down 1.98 points at 3,793.32 points from yesterday’s 3,795.30 points. Source: FILE HIGHEST VOLUMES Uchumi today…
Barclays Slashes Lending Rate
Barclays Bank of Kenya has announced it would be cutting its base lending rate by 1.5% effective 1st August 2012. This comes a day after the Central Bank of Kenya‘s Monetary Policy Committee cut its lending rate by a similar margin. Following the decision…
Counterfeit Phones Denying Consumers Benefits of Genuine Ones
Nokia General Manager speaks out against the use of counterfeit handsets in the region.
ERC Promises Cheaper Cooking Gas
The Energy Regulatory Commission has indicated that cooking gas will be cheaper from August this year. Speaking at a media briefing ERC Director General Kaburu Mwirichia said that Liquid Petroleum Gas (LPG) prices were expected to drop upon completion of the storage facility in Mombasa.
i-Invest Guideline
Following the positive response we got on our previous post: Investing from the Comfort of your Mobile Phone, we thought it would be ideal to compile a step by step guide on how you can make your first investment with i-Invest plus provide you with additional…
The VAT Bill Proposals A Heavy Burden For Consumers
Proposals in the VAT bill 2012 if passed will hit the common citizen hard by increasing the cost of items on shelves. The draft bill which was discussed and approved by the Cabinet in February proposes to scrap the lower VAT rate of 12% and remove the zero rate on…
The Real Cost of Getting A Car
So you have your first job and you want a car, you find one that is retailing at about 600,000 bob and you think that it’s a fair deal. Hold up, what will it really cost you for say, six years? A Ksh. 600,000 loan: Let’s assume you…
Insanely Expensive Stuff: World’s Most Expensive TV (KES 11 M)
What do you consider when measuring the value of that good LCD TV? Is it its size, brightness, contrast ration, response, or pixel resolution? Well, as Thomas Ricker puts it, “those measures are for boys. Any self-righteous heiress knows a good TV must feature white gold plating and…
Kenya Committed to EAC Unified Currency Plans
Will the East Africa Community soon have a unified currency?
CBK Rate Reduced, Bank Loans and Shilling could show effects
what are the effects of the lowered CBR?
Immigration Department Revises Travel Document Fees
The price of passports has just gone up, according to the latest release from the immigration department.
1
