Measures Taken to Address High Fuel Prices
The government last week amended the petroleum import laws and allowed Kenya Petroleum Refinery Limited (KPRL) to begin importing its own crude, process it and sell the refined product at a profit to the Kenyan market and for export starting July 1. The move is…
Stocks Watch
The NSE 20 share index closed yesterday’s trading session at 3,579.57 points, 1.76 points down from the previous day’s close of 3,581.33 points. This is the first time in two weeks that the 20-share index has fallen from its value the previous day. The shares to watch today include: Kenya…
Heavy Rains, a Blessing in Disguise for the Shilling
The current heavy rains might have left a lot of destruction, but they are expected to help strengthen the Shilling against other major currencies. The heavy downfall is expected to increase food production this year, eliminating the need for food importation by the government.
How KPRL Will Help Lower Fuel Prices
The move by the government to upgrade Kenya Petroleum Refinery Limited (KPRL) to merchant status will see the plant import its own crude oil, process it and sell refined products at a profit to the Kenyan market and for export starting July 1. As…
11% Increase in Profits for Housing Finance
Housing Finance has released its unaudited financial results for the first quarter of 2012 (January-March) and has reported an 11.4% increase in profits after tax over the same period last year. The company’s loans and advances to customers have increased 39% from KES 20.36 billion as of 31st March…
CMA Chief to Step Down in June
The Capital Markets Authority (CMA) has announced in a statement released on Tuesday that its Chief Executive Mrs Stella Kilonzo will not seek renewal of her 4 year contract once it expires on June 30th. Mrs Stella Kilonzo can be praised for transforming the CMA from a moribund government institution…
Personal Finance is More Personal Than it is Finance
There is a reason why they call it ‘Personal Finance’. It is personal. There is really never a guarantee that something will work for you just because it worked for someone else. We all have differently sized pockets. We are all looking for different experiences and we have also been…
How Unlimited is Airtel’s Club 10?
It seems like the word ‘unlimited’ has a very different meaning to mobile service providers in Kenya. This is what Airtel tells you about its Club 10 tariff and the supposed ‘unlimited’ calls: Sourced at: africa.airtel.com But this is what they give you: 60 FREE…
Get Your M-Pesa Mini-statement for Free
M-PESA now allows you to keep track of your transactions for free
Stocks Watch
The NSE 20 share index closed yesterday’s trading session at 3,581.330 points, 10.13 points up (0.28%) from the previous day’s close of 3,554.46 points. This continues the upward trend the NSE has displayed over the last few days. 18,722,200 shares were traded in total in 1184 deals in yesterday session.
New Payment System to Be Launched Soon
A new payment system dubbed Unipesa, is to be launched soon. Unipesa is a system that will enable you to settle your bills through a self service kiosk. All you will have to do is to enter the bill details or the…
Forex Trail
Below is a table depicting the movements of the Kenya shilling against the major world currencies, and the currencies of our neighbouring countries: CURRENCY DATE US $ Sterling Pound Euro SA Rand KES/USHS KES/TSHS KES/RWF Monday 23/04/2012 83.2178 134.1262 109.7653 10.63 30.1619…
Identifying a Pyramid Scheme
We are all attracted to the idea of making quick money with very little effort required and pyramid schemes are these days been masked as attractive retail multilevel marketing (MLM) schemes which promise huge returns within a short period of time. The last thing you want…
What’s Attracting the High Remittances?
Related to: Remittances, an Infographic. The Central Bank of Kenya has reported that remittances to Kenya for February 2012 amounted to about KES 8.6 billion. This is 71.12% higher than the amount received in February 2011 and 15.84% higher than what was received in January this year. According to…
CCK Says its Not Part of Call Rate Fixing Plan
The Communications Commission of Kenya (CCK) has distanced itself with the plan by three mobile operators to have a fixed minimum calling rate within their networks. CCK director general Francis Wangusi has admitted having talks with Airtel, YU Mobile and…
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