You Wont Get a Bank Loan if you Owe HELB.
Former, current and new beneficiaries could miss out on bank loans according to new regulations by the higher education lender Higher Education Loans Board (HELB) The lender has partnered with the Credit Reference Bureau(CRB) in its bid to recover loans owed by former beneficiaries. The bureau capitalises on information sharing…
Making the Most Out Of Your Current Income
Majority of Kenyans live below the poverty line, earning an amount that is too little to make much from. If this is the case, can people in this bracket save money? If those earning above average find it hard to get out of debt and build…
The Kshs. 50 Billion Syndicated Loan Explained
According to The Business Daily, Treasury has concluded negotiations for a $600 million dollar, Kshs. 50 billion loan from a group of international banks. The paper reported that Mr. Joseph Kinyua the Finance PS said that Citibank and Standard Bank are among the financiers. The funds will…
Stocks Watch
As at the close of business yesterday the NSE 20-share index had climbed, for the second day in a row, by 0.8% to close at 3,454.34 points, the highest since March 9th this year. The Co-operative Bank of Kenya share rose during the day by as much as 2%…
Price of Cooking Gas to Drop
Cooking gas could soon be affordable. This will be possible if Parliament adopts proposed amendments to the VAT Act by the Treasury. This would effectively see Value Added Tax (VAT) on Liquefied Petroleum Gas (LPG) could be waived. Finance Minister Njeru Githae said the government’s policies have promoted the consumption of LPG…
Kenya’s Money in the Past (Part II)
Njenga Karume was politician & businessman who grew up on a Delamere farm and in his time he became one of the richest indigenous business people before independence, and later a reluctant, but effective leader of a controversial organization (GEMA), l...
How to Quickly Tell If Your Banknote Is Genuine
There are various ways of determining if a Kenyan Shilling note is genuine or fake. Some crumple the note and check how fast it would take to stretch back to its original form. Others flick the note to feel how hard it is while others scratch the presidents’ portrait to…
Do You Spend Money to Earn Points?
When you go shopping and you give the shop attendant your favourite stores’ points smart card to swipe, does it thrill you when your bill gets bigger and bigger? Or does it make you feel good when you check your reward scheme point balance from your mobile service provider? When times…
Closing Bell 12/4/12
Gainers Price (Ksh) Change (%) Uchumi Supermarket Limited 14.65 7.33% British American Tobacco Kenya Limited 299.00 3.10% NIC Bank Limited 26.50 2.91% Scangroup Limited 53.50 2.88% Kenya Airways Limited 14.35 2.87% Losers Price Change Eveready East Africa Limited 1.50 9.09% Rea Vipingo Planations Limited 15.05 4.14% Standard Group Limited 22.00…
Kenyans Like Their Treasury Bills
The results of yesterday’s Central Bank of Kenya treasury bills’ auction are in and the verdict is clear. Kenyans love their treasury bills. Specifically the long term ones. The CBK received 157 bids for the 91-day treasury bills amounting to Kshs. 1.6 billion which represents about 39.99% subscription.
CMA Lifts Suspension on EAPC
The Capital Markets Authority (CMA) has reinstated for trading the shares of East African Portland Cement (EAPC) after a two-month suspension, saying the doubts the authority had about the firm’s ability to continue operating had been satisfied by the firm’s continuous operations over the period of suspension. The shares had…
Too Fat to Fly? The Parable of Henry the Pheasant
A story is told to illustrate the modern generation’s addiction to abundance, a condition that makes us victims of our own success. It is called the ‘parable of Henry the pheasant’. A pheasant is a bird, in case you were wondering. The location is England in Blenheim Palace,…
Who Invented Money and Why Did He Invent it?
It’s that time of the month when you have to tighten your belt as your financial reservoirs are fast diminishing. One question I always ask myself during such times is who the hell created money and why did he invent it? We wake up in the morning to hustle for…
Crown Berger Enters into Another Foreign Partnership
Crown Berger Kenya has entered into a distribution partnership with a South African company Free World Automotive Coatings to distribute the South African firm’s automotive paint products and enable it to penetrate the domestic market. Crown Berger is a Kenyan paint manufacturing company established in 1958 with an…
Save KES 2,000 with Zuku
With few days remaining to the close of Zuku’s “eggciting” Easter offer, you can get complete Zuku TV kit, full installation and two months subscription to Zuku Premium for KES 6,600. Full Zuku installation costs are KES 3,999 and subscription to Zuku Premium bouquet is KES…
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