Is Social Media Affecting How you Spend money?
Have you ever thought of how much control social media has over the way you spend money? Let us use a practical example. It is Friday. You have the last KES 4,000 in your bank account. You already have movie plans with your laptop and your duvet. Then you log…
The Art of Investing When Young
The traditional low saving culture among Kenyans could be headed for the dead. The revelation follows a new trend by banks and insurance firms in promoting saving culture at earlier stages of life. Jubilee Insurance and Barclays Bank have announced initiatives targeting children and college going students in nurturing a…
Sharing a Bank Account with Your Spouse
I recently visited my bank branch and unexpectedly ran into my high school crush, she looked as beautiful as she did back in our school days, but sad to say, she was with her boyfriend. They were in the process of opening a joint account, so I learnt…
Set Aside a Fun Fund
Being smart about money should not mean worrying about it all time. Cut yourself some slack and enjoy your hard earned cash. The point of making money is not primarily to pay for your needs, live a little, have fun with what you earn. It will motivate you…
Is 688 Million Enough Compensation for Brain Damage?
How much do you value your brain? Is 680 million enough?
Telkom Makes 'Hola' Tariff Permanent
The promotional offer dubbed Hola that Telkom Kenya has been running is now going to be a permanent tariff. The service gives consumers a flat rate of Shs 10 for both voice and data in a day within the network. Telkom has been running the offer for a month and…
Closing Bell – 27 APRIL 2012
Gainers Price Change Crown Berger Limited 27.50 8.91% Athi River Mining 185.00 2.78% Total Kenya Limited 16.50 2.48% Sameer Africa 4.60 2.22% Unga Group Limited 10.40 1.96 Losers Price Change British-American Investments 4.80 6.80% Standard Group Limited 21.00 6.67% KenGen Limited 8.00 4.76% Kenya Commercial Bank Limited 22.25 3.26%…
KCB First Quarter Profits up 37%
KCB Group Q1 profits up 37% to 2.43 billion
Equity's First Quarter Results
Equity Bank has reported a profit after tax of KES 2,322,787,000 for the first quarter of 2012. This is KES 5.871 billion less than they reported for a similar period last year. Loans and advances rose by 30% to KES 112,853,305,000 as compared to the loans advanced during the same…
Public Parking v/s Private Parking
Finding a parking spot in the CBD can be very frustrating to many motorists. Both private and public parking lots in the CBD tend to be full by 10 a.m and motorists find themselves driving for minutes or even hours searching for available parking space. That aside, are public parking…
NIC Bank Posts Sh723m Profit
NIC Bank Group has announced a 38 per cent increase in profit after tax for the first quarter of 2012, to hit Sh723 million. Managing director James Macharia attributes the increase in profit to growth in loan advances and an increase in non-funded income. Over a…
Falling Trees are to Blame, Kenya Power says
Kenya Power has said that the power outages witnessed in most parts of the country have bee caused by trees falling on power lines due to strong winds and heavy rains. There were earlier claims that the power outages were stage managed by company employees who wanted…
Stocks Watch, 27 April 2012
A look at the stocks to watch in the day's trading
Forex Trail
Below is a table comparing the movements of the Kenya shilling against the major world currencies and the currencies of our neighbouring countries over the last two days: Currency US Dollars Sterling Pounds Euro SA Rand KES/USHS KES/TSHS KES/RWF Date 25/04/2012 83.2531 134.3929 109.8259 10.6812 …
Will CCK's Move to Shut Down Fake Phones Affect You?
The Communications Commission of Kenya has announced August as the date for shutting down of fake mobile phones in the country after postponing the exercise three times. Now it seems sealed because the regulator has found a database provider that will give information that will assist in tracking…
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