Experts Warn Kenyans Against The Turkana Land Rush
Some Kenyans are cynical about the latest discovery of oil in Turkana, but others are undeniably strategizing on how to make a killing out of it. Land experts have warned Kenyans who are thinking of buying land in the area, saying that no one has a specific title for land…
Do You Trust Your Shopkeeper?
When was the last time you went to your local shop, bought bread and counted change? Has it ever crossed your mind that maybe the shopkeeper is making a killing out of your laxity? Say for instance, he notices that you do not confirm the change, and he decides to…
Lenders to Benefit from Accessible Borrowers' Information
Sharing of information about borrowers and their repayment habits has a significant impact on efficiency and expansion of the credit markets. Speaking at the launch of the second phase of the Credit Information Sharing (CIS) project, Central Bank of Kenya Governor…
Living Better Means Living below Your Means – Part two
“A man with one watch will always know the time; a man with two watches will always be in doubt.” – Unknown Thanks guys for the positive response we received on our previous post: Living Better Means Living below Your Means. Now I want to…
Total Kenya Limited share rises by 10%, may fall soon.
Yesterday the Total Kenya Limited share rose by 10% to 15.95 Ksh per share having opened at 14.50 Ksh per share. Analysts state the reason for this could be the statement Total Kenya Limited released to its shareholders to clarify on its suspension from trading with the…
Taxman Refuses to Return Illegally Collected Taxes
Kenya Revenue Authority (KRA) has been collecting taxes from January without a legal basis to do so. This came about as a result of former finance minister Uhuru Kenyatta withdrawing the Finance Bill from the house. KRA has been collecting taxes on the back of …
Total Kenya Limited records a Ksh 71 million loss
Total Kenya Limited has today reported that it made a loss of Ksh 71 million for the full year ended December 2011. The largest oil marketer in Kenya blamed this loss on price controls and inefficiencies in the supply chain. The loss is a stark contrast to the Ksh 916…
Jubilee Insurance Wins Best Claims Settlement Award
The company pays out Ksh1.33 Billion in claims to 4,195 general insurance clients in 2011. Jubilee Insurance has been voted the overall winner of the Best Claims Settlement Award sponsored by the Association of Insurance Brokers of Kenya popularly known as the BIMA AWARDS 2012.
Pay Your Parking Ticket, or Else!
In the long run it is preferable to pay for your parking ticket as opposed to paying a fine imposed on you. It’s only after you have felt the wrath of the “kanjo” askaris and the stress incurred in locating your car that you realize the importance of…
The Oil Discovery Put into Perspective
Yesterday President Mwai Kibaki announced that oil had been discovered in Turkana. The company that carried out the oil exploration exercise, Tullow Oil Plc confirmed that it had discovered oil in one of its oil wells, the Ngamia-1 exploration well. The company announced that…
I am Only 20, I Can Be Careless
The twenties is the age of fun. It is when most of us get our first job and want to over-indulge in life’s endless niceties. We want to buy stuff that we do not need, go out as much as we can, travel the world. There is no feeling as…
Don’t Throw Away The Old T-shirt
When was the last time you took a needle and thread and sewed a torn dress? Often, people have no time to do this kind of thing. Old clothes are just that, old. Their term ends when the zip falls off. We will put them on the farthest side of…
I&M Profits Rise to 3.3 Billion Shillings
I&M Bank has recorded a 37.5 per cent rise in profit after tax for the period ended December 2011. According to the Business Daily, the private bank joins KCB and Equity in reporting regional profit after its net income increased from Sh2.4 billion a year earlier to Sh3.3 billion…
Mumias Sugar Half Year Results
Mumias Sugar Company Limited has released its half year results for the six months ended 31st December 2012. In its unaudited 6-month results, the company has reported gross profits of Kshs. 2,255,726,000, down Kshs. 285,555,000 from the previous periods Kshs. 2,541,281,000. Net profits however increased in the same period…
What Would You Like to See on Your Bank Notes?
Since pre-colonial times, Kenyans have been used to bank notes and coins that bear individual’s faces on the front. Now that is all going to change thanks to provisions in the new constitution. Article 231(4) of the New Constitution on the production and issuance of Kenyan currency notes and coins…
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