When Should You Take Up Your KQ Rights?
We all know about the ongoing Kenya Airways (KQ) rights issue. KQ intends to raise Ksh 20.6 billion by issuing 1,477,169,549 (1.47 billion) new ordinary shares, each KQ shareholders will have the right to subscribe to 16 new ordinary shares for every 5 ordinary shares currently held. A rights issue…
Investors Rush for T-Bills
According to the Central Bank of Kenya’s (CBK) weekly bulletin, investors are actively buying up short-term government paper (treasury Bills) to cash in on high yields before interest rates begin to fall. A treasury bill is a short term debt obligation issued by the government. In Kenya there are…
Why You Should Sawazisha na NSSF
The National Social Security Fund (NSSF) has embarked in an aggressive campaign dubbed: Sawazisha na NSSF that encourages its members to check on the status of their NSSF accounts. Why should you check on your NSSF account status and what is the procedure? NSSF is required to issue…
KenolKobil Share Dips by 0.8%
Upon the close of trading at the NSE yesterday, the KenolKobil share had dipped by 0.83% to Ksh 11.90 per share, its lowest value since March 27th. This is in contrast to the upward trend it has exhibited over the last 3 months since the beginning of the year as…
Fuel Prices To Go Up
Motorist refuelling. (Photo: Nation) Kenyans could be subjected to yet another blow of increased pump prices come the new month. According to a report by the Nation, The Energy Regulatory Commission (ERC) director-general Kaburu Mwirichia said that…
The Hustle of Dating a Nairobi Woman
Nairobi women are not only beautiful but also classy and sassy. Most tend to be the miss independent type, driving fuel guzzlers and living in palatial residents. A majority of them remain single, and it’s no wonder that many of them flocked KICC when Nigerian televangelist Chris Ojigbani visited the…
Bei Ya Kuongea – Mastering the Art of Bargaining
Some find it too low class and pedestrian. Others see it as a sign of economic arrogance. But bargaining is an economically upright practice. This might be probably one of the reasons why most men would rather hunt squirrels with spears than take a woman shopping. Most women…
The Whirlwind Year of the Kenyan Shilling
The Kenyan shilling has experienced a whirlwind year. The local currency dropped to record lows pushing up inflation (we import a lot e.g. petroleum products and they were more expensive because of the weaker shilling) and raising the cost of living. Interestingly though, tourism flourished with record tourist arrivals. Why?…
NSE Elects New Chairman
In a press release dated April 10th 2012, the new board of the Nairobi Securities Exchange, at its first official board meeting, re-elected Mr. Eddy Njoroge as the Chairman. Mr. Njoroge joined the board on June 27 2008 and became Chairman in 2009. The board also…
So You Need a Loan to Finance Your House Huh?
Project Finance. That is what Housing Finance, one of Kenya’s biggest mortgage lenders is calling the service. The innovation, aimed at both aspiring and established property developers, is based on a type of financing based on anticipated cash inflows or income of the property being developed. Simply, the…
What Does Your Wallet Say About You?
According to American Express, one of America’s leading credit card companies, over half (52 percent) of consumers aged 18-24 are likely to try new technology-enabled payment tools as they become available compared with 23 percent of those ages 55-65, suggesting that the fate of emerging payments clearly…
Closing Bell 10/4/12
Gainers Price(Ksh) Change(%) Car and General (K) Ltd 25.00 +6.38 Pan Africa Insurance Holdings Ltd 27.50 +5.77 Rea Vipingo Plantations Ltd 15.70 +3.63 Centum Investment Co Ltd 14.10 +2.92 Williamson Tea Kenya Ltd 235.00 +2.17 Losers Price(Ksh) Change(%) Athi River Mining 160.00 -5.88 Jubilee Holdings Ltd 171.00 -3.39 CFC Insurance…
Can You Afford To Quit Your Job?
As Leonard A. Schlesinger, Charles F. Kiefer, and Paul B. Brown say in their blog ‘Choosing between making money and doing what you love’, if you can’t afford to follow your passion, then don’t quit your day job. Even…
2 Million Reasons Not To Cheat In National Exams
The Kenya National Examination Council (KNEC) has released a draft bill (download it here) in which it has proposed stiffer penalties for exam cheats, the intention being to ensure that the integrity of national examinations is upheld. This is a wonderful idea as exam malpractices have…
Why I hate The Tax Collector
Capital punishment: The income tax. ~Jeff Hayes I’ll admit it, I hate paying taxes, moreover income tax. The pain of having to helplessly watch the tax collector take a significant part of my hard earned cash drives me crazy, but there’s nothing I can do since it’s my…
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