KQ rights issue off to a promising start.
Today the Kenya Airways rights issue opened. The rights issue is such that each shareholder has the opportunity to purchase 16 new shares for every 5 shares they currently own at Ksh 14 per share. The World Bank ‘s private sector lending arm the International Finance Corporation (IFC) has committed…
Sacco's can help members prepare for retirement
It has been the fear of many that traditional old-age security systems are crumbling. There has not been a properly defined way to secure the later years of Kenyans especially the self employed who did not have a channel that could save up to their retirement. However Savings and Credit…
Cost of Living Shot Up in March
Kenya National Bureau of Statistics has released the inflation rate for the month of March 2012, citing an increase in the Consumer Price Index (CPI) by 1.34% from 130.76 in February 2012 to 132.51 in March 2012. The overall inflation rate stood at 15.61% in March 2012. Food and Non…
NSSF To Build 30,000 Houses in Mavoko
The National Social Security Fund is planning to build 30,000 housing units in a mixed residential development in Mavoko. This comes as the Government is urged to change its approach to the current housing delivery methods. Focus has been on providing housing for the high income earners and…
When Money Falls In The Hands Of A Fool
There is a thing about money. It is lethal when it lands in the hands of a fool. A smart person knows how to go shopping for happiness with money. Don’t listen to the proverbials of money not buying happiness; listen to the ones that say that a…
5 Ways to Trick Yourself into Saving
Let's face it, it's not easy to save. With the pressure of life pulling at every single shilling you earn, every single moment it becomes difficult to set aside money for later use. However, saving is crucial; its the starting point for anyone who wants to achieve their financial goals. Here are five ways to trick yourself into saving more.
CLOSING BELL 30/3/2012
Gainers Price Change Pan Africa Insurance Holdings 24.75 7.61% Sasini Limited 11.05 2.79% Express Limited 4.15 2.47% Standard Chartered Bank Limited 174.00 1.75% Scangroup Limited 50.50 1.51% Losers Price Change Standard Group Limited 21.00 8.70% Total Kenya Limited 14.05 4.10% Jubilee Holdings Limited 178.00 3.26% Eveready…
A Laptop worth KES 83,230,000
This is the answer given by a Rolls Royce salesman to a potential customer who inquired the price of a car: “Sir, if you have to ask then you cannot afford it. I am sure that the edition will be sold out even before the launch and they,…
Kenya Airways Rights Issue Taking Off
In a research note sent out on Thursday by Dyer and Blair Investment Bank, Kenya Airways say that they have received commitments for 70% of the shares on offer in its on-going rights issue. Majority shareholders Dutch airline KLM (26%) and the Government of Kenya (23%) had…
Coop Bank Services Now Available on Yu Cash
yuCash, the mobile money service of yuMobile, has entered into an agreement with Cooperative Bank that will enable its subscribers transfer money to any Cooperative Bank account through their registered yuCash lines. The partnership is expected to extend convenience for individuals and small businesses who rely…
Excess Free Insurance Package For You
Kenya Orient Insurance company has a new product for its clients which might just interest you. This is the Orient Motor Pack, an EXCESS FREE package that combines Motor Insurance with Personal Accident including 24 Hour Rescue and Emergency Services. This package also comes with a Nil…
Got a Chama? Get a Financial Pro to Help
Local investment groups popularly known as ‘Chamas’ are playing an increasingly visible and crucial role in the economy and as such need to adopt modern investment practices. Two top financial executives have advised such investment groups to seek professional support in identifying and exploiting emerging economic…
Money Talk Friday – The 'Hustler' Mindset.
I was sitting on the garden benches in campus one afternoon with a friend having a lazy chat, the assignment rebellion type. I needed airtime to make a call but as it were I was feeling lazy. “I need airtime, but I cannot go to the shop.” “Credit ya how…
Family Bank to list on the NSE
image from www.familybank.co.ke Family Bank is seeking to list at the Nairobi Securities Exchange. The bank started as Family Finance Building Society in 1984 with the vision to serve the needs of the mass market which had been ignored by the mainstream banks. Over the years it…
Inflation Drops to 15.61%
Measures taken by the Central Bank of Kenya to lower inflation rates are paying off significantly. KNBS announced this morning that the inflation rates for March 2012 stand at 15.61%, a decline from 16.69% in February 2012. The food prices have increased by 20.3% with the price of 500 ml…
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