Safaricom Internet Speed Problem Solved
The Internet problem experienced by Safaricom Internet subscribers, caused by a problem with The East Africa Marine Systems (TEAMS) cable was by this morning solved. The problem affected the 2G and 3G networks. I hope we shall now enjoy faster internet connectivity, that’s if…
Kenya Airways Rights Issue Closes Today
The highly publicised and anticipated Kenya Airways rights issued closes today. The issue opened on 2nd April 2012, ran for 3 weeks and closes today. A rights issue is an issue of additional shares by a company to raise additional capital. The current shareholders (prior to the rights issue) are…
PM Asks Banks to Cut Lending Rates
Prime Minister Raila Odinga in statement read at the Banking Survey Awards asked commercial banks to cut down their lending rates to 16%. The premier noted that the government mobilized MPs to vote against capping of interest rates and asked the banks to show appreciation by lending to the people…
Ways of Cutting Down Your Electricity Bill
Complaints of high electricity bills are a frequent thing these days and as Kenya Power continues to roll out the installation of Prepaid electricity meters, these complaints are bound to increase. Below are a few do’s and don’t that might help reduce your electricity bill: As temperatures continue…
Zuku to Launch New Channels and Programs
Zuku is to launch new programs and channels in a move aimed at consolidating market position by attracting new subscriptions. The new channels to be launched include: Zuku Swahili movies: A first Kisiwahili Movie channel in the Zuku bouquet. New programs to…
Closing Bell 26-04-2012
Gainers Price (KES) Change (%) Car &General Limited Kenya 29.00 6.42% NIC Bank Limited 30.25 3.42% Eveready East Africa Limited 1.65 3.13% TPS Eastern Africa (Serena) Limited 46.00 2.22% Total Kenya Limited 16.10 1.90% Losers Price Change CFC Stanbic Holdings Limited 41.25 4.62% Olympia Capital Holdings Limited 3.50 4.11% KenGen…
Bank Awards for 2011
Equity Bank emerged as the best bank in Kenya for the year 2011. This was announced at the Banking Survey Awards. Consolidated bank was voted as the best bank in Technology use with Chase Bank being voted as the fastest growing bank. Here is a list of the awards. The Best…
Yield on Treasury Bonds Falls by 39.5%
Yesterday the Central Bank of Kenya (CBK) offered 182 day Treasury Bills worth KES 2 billion and a two year Treasury bond worth KES 5 billion. For the bill, the CBK received bids worth KES 2.74 billion representing a subscription of 137% and accepted bids amounting to KES 2.73 billion.
Safaricom Internet Speeds Down
Poor internet connectivity caused by TEAMS
Counterfeit Phones Live up to August, says CCK
Barely a week after the Communications Commission of Kenya postponing the shutting down of fake mobile phones indefinitely, the information industry regulator has set August as D-day for the exercise. CCK had postponed for the time exercise citing lack of a conclusive database that would help carry out the…
Interbank Rate Keeps Rising
According to the Central Bank of Kenya, the interbank rate upon the close of business yesterday stood at 20.7011%. This is 1.2788% higher than the interbank rate on Tuesday. The rate has risen for two days in a row and it may follow this trend throughout the week. Last week…
Don't be Mean to Yourself
Yesterday, I came across an article on RookieKe’s blog on pricing our desires. In the article, Rookie tackles her friends dilemma, advising him to take a SACCO loan to pay for an iPad. Most financial gurus will frown at this. A loan for a luxurious gadget?…
Crown Berger Profits Up 41%
Crown Berger Kenya Limited has released its financial results for the year ended 31st December 2011. The firm, a recipient of ISO 9001: 2008 certification and a Superbrand status holder reported a 41.11% increase in net profits for the year ended 31st December 2011. Sales…
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 Date US Dollar Sterling Pound Euro SA Rand KESUSHS KESTSHS KESRWF Tuesday 24th April 2012 83.2293 134.1512…
Private Parking Lots Raise Fee
Private parking lots in Nairobi increase fees
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