I&M Bank Ranked Cheapest Mortgage Provider
According to a report released on Wednesday by The Mortgage Company, I&M Bank is the cheapest mortgage provider in the country. I&M is retailing mortgages at 19%. Bank of Africa on the other hand was ranked most expensive as it retails mortgages at 28%. Last year the rate on mortgages…
Would You Spend KES 3,000 on Your Nails?
You can get gel nail extensions from Concierge Beauty Salon and Barber Shop in Nairobi at KES 3,000. The session typically lasting an hour will get you an experienced nail technician who will carefully place UV Gel Nails over your natural nails, protecting and promoting their growth. Ladies, would you…
“Resist the Crowd: Cherish Numbers Only”
This might be the hardest investment advice to take, but it might be the best you will ever get. It feels warm to be in the crowd, but numbers are warmer. So resist the crowd, and cherish the numbers. Jeremy Grantham in what he calls ‘The longest quarterly…
Counterfeit Phones are Here to Stay
A mobile phone user in Kenya (Photo:Africa Renewal) The Communications Commission of Kenya (CCK) has suspended the purported shut down of all counterfeit mobile phone handsets. The industry regulator had set a 30th April 2012 deadline for shutting down the fake gadgets. An official announcement from CCK…
NIC Seeks Shareholder Approval at AGM to Increase Authorised Share Capital
NIC Bank has released a notice of the Annual General Meeting (AGM) in the local dailies. This will be the 52nd AGM of the shareholders of NIC Bank and will be held at the Kenyatta International Conference Centre in Nairobi on Wednesday 2nd May 2012. The bank’s profit after tax…
"Negotiate Your Salary" and 5 Other Financial Tips
“The Biggest Loser” is a television show that teaches people how to eat healthy. “Loser” here refers to the person who loses the most excess fat and millions tune in to watch the show every week. “I love that show,” says Alexa Von Tobel, a Harvard graduate…
HASS: Property Prices Stagnant, but Rent Prices on the Increase
Hass Consult, a property development and management fim, yesterday released the results of the Hass Property Index for quarter 1 of 2012. The Hass Property Index is a measure of how housing prices and rents are moving. In brief, the figures were…
Family Bank Seeking Agents
Family Bank Kenya is looking for agents to roll out its agency services throughout the country. This is in its quest to increase its customer base by reaching as many Kenyans as possible. The requirements for registering as an agent (Sole proprietor/partnership) are as follows; Must…
235% Oversubscription on 182-day T-bills
Last week, the Central Bank of Kenya offered 91-day and 182-day treasury bills for a total of Kshs. 7 billion. There were 157 bids for the 91-day bills amounting to Kshs. 1.6 billion and 156 bids for the 182-day bills amounting to Kshs. 7.05 billion. The CBK aimed at…
How Much Will NSSF Contribute to Your Funeral Expenses?
Did you know that The National Social Security Fund (NSSF) has a funeral grant that caters to the funeral expenses for its members? The grant is payable to a dependant of a deceased member, and the deceased should have made at least three monthly…
The Agony of Cheap Acquisition
The cost of living has blown off the roof and it is quite a forgivable affair when consumers opt for manageable options at the till. The cost of machinery and household equipment has not forgiven us either. Options exist, cheaper ones for that matter for acquisition of these items at…
DStv Raises Fees
After MultiChoice Africa increased GOtv monthly subscription fees, it has announced that it has increased the DStv monthly subscription fees with effect 1st April 2012. The price change affects all the bouquet options available to DStv subscribers. Please see the new DStv subscription pricing belo Source of…
Shop Owner Capitalizing on People's Inconvenience?
A small shanty shop is stacked in a fence on Ole Dume road, a few meters off Gitanga road. The shop is barely visible and one wonders why a person would set up shop in such a neighbourhood. Bangladesh is an upmarket Nairobi neighbourhood and you would not expect…
The Cost of Owning a 3D TV
Going out to watch a movie is fast loosing taste as more Kenyans opt to spice up their home entertainment systems. With the 3D technology gaining fast popularity we now have the option of buying a 3D TV for your home viewing, though how much would it cost to own…
Digital TV Signal; Is it Affordable?
Analogue TV set (Image: Tv Throng) From July 2012, there will be no more analogue TV sets sold in the shops in Kenya. That is good news. The government has imposed a ban on importation of analogue TV sets beginning July. This move could probably deny thousands of households…
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