Meet Bragging Barry
Here is what they say “classy rich people do not like to talk about their money; actually, they rarely talk about it.” They are confident about their bank accounts and do not feel the need to prove anything to anyone. Do not get me wrong. Talking about money is not necessarily…
Stocks Watch – 2 July 2012
At the close of trading at the last week, the NSE 20 Share Index closed down 0.16% at 3,703.94 points from 3,709.84 points on Thursday, Bloomberg data showed. Meanwhile, the NSE All-Share index rose 0.77 points to close at 67.91 points on Friday up from 67.39 points on Thursday. According…
No Clearing Charges On Cheques
Last week, The Kenya Bankers Association announced that upcountry banks will stop charging clearing fees on cheques issued outside Nairobi starting this July. Cheques drawn on upcountry and remote towns attracted a commission charge to cater for the costs of transportation and other services associated with the clearing…
Forex Trail – 2 July 2012
Below is a table showing the performance of the Kenya Shilling against major currencies on Friday last week: Source: FILE The Kenya Shilling depreciated against major currencies on Friday, losing 0.1% against the US dollar to trade at KES 84.23 compared to…
Trapped in the Cycle of Poverty
We make more money only to fund higher lifestyle – street smart finance
Do’s and Don’ts of Buying “Mtumba”
Sure, we all like to buy new, but there are huge money savings to be made in buying used. If you are looking to get the most value for your shilling, it would do your wallet good to check out secondhand options. Many used goods still have plenty of life…
Wedding Loan, Should You Take One?
Your wedding day will be one of the most important days in your life, and for sure, you will want to make it memorable, that’s why you will be more than willing to spend unbelievable amounts of money on it. A recent research by Infotrack, commissioned…
For Your Weekend Reading
We have put together these articles for your weekend reading. Enjoy! Top 40 Under 40 Women 2012 We have then ascertained each candidate’s age, and considered data on the size of the company, or business (turnover or number of employees), its scope and complexity (i.e whether it is…
The Month in Review
As compared to May, June was a better month for Kenyans as the price of major consumer goods and services dropped. The pump price of super petrol, for instance, dropped by KES 3.46 to retail at KES 117.67 per litre in Nairobi. Figures released by the…
Airtel, Nakumatt Launch Airtime Promotion
Airtel Kenya and supermarket chain Nakumatt Holdings have today announced a countrywide reward program that will see Airtel customers get discounts when they purchase the Airtel airtime in any Nakumatt store countrywide. Speaking at the promotion launch, Airtel Kenya managing director Mr. Shivan Bhargava…
Inflation Down 0.77%
The Kenya National Bureau of Statistics (KNBS) has released Consumer Price Indices (CPI) and rates of inflation for the month of June 2012. KNBS generates the numbers using data collected during the second and third weeks of every month under review to get the CPI. The CPI decreased by…
Dirty Money: Is it OK to Bend the Rules Sometimes?
We live in times when it is becoming increasingly permissible to employ unconscionable means of getting that extra buck. In fact, that statement is too polite because frequently, good men have prostituted their values in a bid to rake in the ever seductive “almighty dollar.” That partly explains why billions…
The Tyranny of Financial Commitments
It’s amazing but not surprising the apparent universality of financial struggles individuals and families go through. Statistics shows up to 95% of us live desperately trapped in the vicious treadmill that defy education, race or status. You have probably heard of the adage, about tyranny being like boiling…
Upcountry Cheques to Clear in Two Days
The Kenya Bankers Association has announced that upcountry banks will stop charging extra fees on cheques issued outside Nairobi starting this July. This is in a bid to speed up business transactions and also to push banks to decentralize the process of cheque truncation. KBA Chief Executive Officer, Mr. Habil…
Was June Economically Friendly?
With June 2012 almost coming to an end we should expect Kenya National Bureau of Statistics (KNBS) to release Consumer Price Indices (CPI) and rates of inflation for May 2012 soon. To recap on May’s CPI and rates of inflation, the CPI increased by0.26…
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