Monthly NHIF Contribution To Increase
Your monthly NHIF Contributions to increase as of next month
NIC Bank plans 2 Billion Shilling Rights Issue
Yesterday Mr James Macharia, NIC Bank’s chief executive officer, announced that plans were underway to complete a Ksh 2 billion rights issue by end of July, this would make it the second listed firm after Kenya Airways to tap the capital markets this year. The rights issue is…
Housing Finance AGM
Housing Finance Company of Kenya Limited has announced that its 45th annual general meeting will be held in Nairobi on Friday 27th April 2012 at the Bomas of Kenya Auditorium at 11:00am. The agenda includes, among other items, to receive and, if approved, to adopt the audited balance sheet…
NIC Bank to join the Agency Banking Wagon
On Wednesday, NIC Bank entered into an agency banking partnership agreement with Kenya Post Office Savings Bank (Postbank). This means that NIC Bank customers will be able to benefit from Postbank’s wider branch network of 97 as compared to NIC’s 20 branches. They will be able to make…
Equity Bank to give more loans to SMEs
Equity Bank Group announced that it has teamed up with the International Finance Corporation (IFC) to extend more loans to micro, small and medium size enterprises, agricultural projects and women entrepreneurs in the region at a press conference held at their headquarters on Wednesday 28th March 2012. The…
Wondering What the QWERTY Movement Business is all about?
You must have heard this over the media: The QWERT movement is Nokia East Africa latest aggressive marketing strategy as they introduce four models of a new range of QWERTY keypad mobile phones dubbed Nokia Asha family into the Kenyan market. These include Asha 200, 201,…
Nairobi Has The Fastest Growing Luxury Real Estate Prices on The Planet
It’s no secret real estate prices in Nairobi have seen phenomenal growth over the last 10 years, driven by an improving economy, rural-urban migration, easier access to home loans and increasingly wealthy Kenyans abroad investing their money back home. What is surprising though, is that in 2011, prices at…
Chase Bank Kenya Makes KES 602M After Tax in 2011
Chase Bank has reported a 58 percent increase in profit after tax from KES 381 million in 2010 to 602 million in 2011. Corporate Social Responsibility has been very high on the Bank’s agenda following a donation of KES 30 million toward the…
Got a Spare Room? Get Some Spare Cash
Living in Nairobi for the single person is not an easy thing, especially when it comes to finding housing. Most decent housing in middle and upmarket areas such as South B, C, Kilimani, Kileleshwa and Westlands is built with families in mind, and thus the single renter either has…
The Tale of A Young Man and A Ditch
An old man, walking along a country road, came upon a fellow digging a ditch. The ditch digger was a young man, well muscled, and seemed like one that had become accustomed to manual labour. He was sweaty, tired, and dusty and looked like he had been digging…
Closing Bell 28/3/2012
Gainers Gainers Price Change Uchumi Supermarkets 12.05 7.11% Housing Finance 14.55 3.93% National Bank of Kenya 18.90 2.72% AccessKenya Group 4.10 2.50% Barclays Bank of Kenya 12.35 2.49% Losers Olympia Capital Holdings 3.35 9.46% TPS (Serena) Eastern Africa 45.00 7.22% Total Kenya Limited 15.25 4.39% Eveready East Africa…
M-Pesa Prepay Safari Card V/S Orange Money Visa Debit Card
M-Pesa and Orange Money have both expanded their money transfer services to include a visa debit card. M-Pesa has partnered with I&M Bank to expand the M-Pesa usage through offering the M-Pesa Prepay Safari Card, an…
Too Old To Live With The Folks?
Last weekend, there was a very interesting debate on the spending culture of Kenyans, initiated by @MediaMK on twitter. It questioned the decisions many a Kenyan will make, trying to keep up with a lifestyle they cannot afford in order to sustain a status quo. Just as previously discussed…
NSE – FTSE Indices to be broadcast live
On Monday 26th March 2012, the Nairobi Securities Exchange announced that, in cooperation with FTSE, a world-leader in the provision of global index and analytical solutions, the delayed index values of the FTSE NSE Kenya 15 Index and the FTSE NSE Kenya 25 Index are now available on…
Learning To Invest Early in Your Life
Financial stability and sustainability is every ones dream in the world. People talk about investment and the idea of having their money work for them quite often. But how easy or how hard has it been for people to start making this move? Majority of young…
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