New VAT rates increase cost of life
Finance Minister Njeru Githae says he will table the troubled Finance Bill when parliament resumes on 17th of April. Githae said treasury and the parliament had agreed on everything except the additional revenue that the Kenya Revenue Authority (KRA) has collected from January 2012 to date. The…
Closing Bell 2/4/12
Gainers Price (Ksh) Change (%) Crown Berger Limited 27.75 6.73% Total Kenya Limited 13.90 5.30 TPS Eastern Africa Serena 49.00 3.16 CFC Stanbic Holdings 41.00 2.50% KPLC 14.85 2.41 Losers Price (Ksh) Change (%) Carbacid Investments Limited 10.70 2.73 Kenya Reinsurance Corporation 7.45 1.97 Sameer Africa Limited 3.75 1.32…
The Self-employed And The Unsteady Paycheck
Once upon a cup of coffee, a friend wondered what this ‘entrepreneurship’ rush was all about. Everyone is currently quitting their job and ‘going solo.’ Some are well prepared, and others, well, just like it happens with other fads, they are letting the tide carry them to whatever bank. Those…
Thika Super-Highway Robbed Me Of My Livelihood
Photo: Patience Nyange's Blog Alex Mbithi stands at a bus stop on Thika road on a drizzling April morning. In his hands is small box with sweets in it. The face he wears is that of a man who has given up in life, on such an early morning.
Of Flying Cars And Feeding An Entire County
The Americans are at it. Flying cars aren’t just science fiction anymore. A Massachusetts-based company, Terrafugia Inc. on Monday announced that its prototype flying car has completed its first flight, bringing the company closer to its goal of selling the flying car within the next year. The roadcraft, dubbed…
One Investor, Two Million Shares
2 million Marshalls East Africa Limited shares were traded in today’s trading session. The shares had a turnover of Kshs. 24,100,000 and the share price remained at the opening price of Kshs. 12.05. The shares were traded by one investor. Marshalls has franchises in KIA motors, Force motors and…
Shakespeare On Money, Friendships and Debts
William Shakespeare gave some sound money advice in one of his works, Hamlet. In the book, a father, Polonius, advices his son on how to conduct himself in the world. He speaks about life in general, but we are particularly interested in the friendship and borrowing part: Neither…
Kakuzi Share Responds To Their Positive Financial Results
Yesterday, Kakuzi Limited’s share gained for the second day running and rose by 0.6% to Ksh. 80 per share, the highest since March 1st 2012. This seems to be in response to the increase in profit they reported for the period ended 31st December 2012. According to their financial…
Mbao Pension Scheme Grows By 3,000%
Revenue Benefits Authority (RBA) partnership with MPESA has seen the Mbao (20) pension scheme grow by 3,000% The mbao pension scheme is a voluntary retirement savings plan with a minimum daily contribution of KES 20 targeting workers in the informal sector. The contributions can…
Wanna Get KPLC Interim Dividends?
The Kenya Power and Lighting Company, KPLC, will pay out an interim dividend of Kshs. 0.20 per share, the company announced in February. To receive dividends, shareholders must be in the share register on 12thApril for the dividend will be paid out on 31st April 2012. The share is…
Minister Calls On Banks To Lower Interest On Loans.
Finance Minister Njeru Githae has urged banks to lower the interest rates on loans to encourage Kenyans to access loans. Speaking at the opening of Ecobank’s Karen branch, Githae said the inflation rate is at 16% now and it would not hurt banks if they charged interest at rates of…
More Kenyans Using Daktari 1525
Safaricom’s new value added service, Daktari 1525, receives approximately 2,500 calls daily with a bulk of the calls coming from people at the bottom of the pyramid. Daktari 1525 allows subscribers to speak to qualified medical personnel at a cost of KES 20 per…
Why Would You Take Up Your KQ Rights?
Yesterday, the KQ share closed at Ksh 13.95 per share. This is 5 cents below the rights issue price. This is similar to the trend that was observed last week where the share was consistently below Ksh 14 and reached a 12 month low of Ksh 12.55 per share. This…
Government to Raise Oil Block Lease Amount
The government is looking at possibilities of increasing the lease amount paid by Oil explorers, the Finance Minister Njeru Githae has said. This comes in the wake of Tullow Oil Plc having struck oil at Ngamia 1 well in Turkana on oil exploration Block 10BB. There…
KES 131,665 For Nine Items at Nakumatt
The image below was captured at a Nakumatt till last night. The total payable was KES 131,665 which was paid all in cash. The hapless clerk almost walked off when the pile of notes was handed to him to count. pesatalk.com The receipt had only 9 items purchased so…
1
