Banking With Yu Cash
Banking with Yu Cash is currently limited to Equity Bank and Co-operative Bank, and once registered to mobile banking your bank account will be automatically linked to your Yu Cash account, enabling you to deposit and withdraw cash from your account through Yu cash. Below are…
How Much Does Matatu Uncertainty Cost You?
Budgeting is a pivotal item in managing personal finances, which many people have either succeeded in or failed at terribly. A properly prepared budget could lead to properly informed purchases and expenditure which in most cases builds the base block for saving to take place. In Kenya, transport is an…
Edit: KQ Lowers Fares
(Update: The fares below are from London via Nairobi to the destinations indicated. We apologise for the error) The national carrier, Kenya Airways yesterday offered its passengers a discount on return air tickets to its major destinations. Below is a summary of…
Closing Bell – 24 May 2012
Gainers Price (KES) Change (%) Crown Berger 28.00 7.69 AccessKenya Group 4.80 5.49 Trans-Century Limited 26.00 4.00 Kapchorua Tea Company 124.00 3.33 Eveready East Africa 1.85 2.78 Losers Price (KES) Change (%) Uchumi Supermarkets Limited 17.95 7.24 Safaricom Limited 3.20 5.88 Olympia Holdings Limited 3.70 5.13 NIC Bank 33.75 3.57…
Fuel Prices Could Fall Significantly
International oil prices fell below $90 a barrel for the first time in over seven months on Wednesday, a fall attributed to the tumult in the Eurozone, excess supply and positive news from Iran. The price of Murban crude oil appears to have stabilized at $84.80,…
Einstein’s School of Hard Knocks
Albert Einstein ranks top on my list of men who represent the virtue of excellence. He is inarguably one of the smartest men to walk on this earth, an average at best in school but a man of uncanny wisdom. Below are a couple of lessons we…
Will Kiva Loan Work For You?
Accessing loans in the country for small businesses, personal use or for paying school fees is a major problem for many people. Putting in mind the high interest rates that banks and micro finance institutions charge, loans are almost unaffordable. Kiva is a non-profit organization founded in…
Pesa Portfolio – 24 May 2012
Mumias Sugar yesterday increased 5 cents and Uchumi closed 30 cents up to boost the value of our portfolio. Housing Finance and Kengen however slipped slightly to dilute our gains. The NSE 20 share index performed 26% better than our Pesa Portfolio.
Co-op Bank Share Falls Due to Fear of Dilution
Yesterday the Co-operative Bank share fell 0.7% to close at KES 14.35. Though this is not an extraordinary drop, it may serve as an indication of the trend the share will be following in the near future. Over the course of the day 2.05 million shares were either bought or…
Banking With Orange Money
Equity Bank is Orange Money’s preferred mobile banking partner with relatively friendly transaction rates as compared to those of other banks. Below is a comparison of transfer rates from Orange Money to a Equity Bank account and to other bank accounts. data sourced from: orange.co.ke The transfer rates from…
ERC Will Not Regulate Gas Prices
The Energy Regulatory Commission (ERC) will not regulate gas prices after all. In an earlier announcement, ERC said it was contemplating regulation of Liquid Petroleum Gas(LPG) prices after the handling and storage facility under construction in Mombasa is complete. The commission projected that the move would result to the drop…
Should You Track Your Net Worth?
“The true estimates of your financial intelligence is not how much you make but how much you are able to keep” – Roshawn Watson We received a positive response on Monday’s post: Want to Know Your Net Worth and figured we should have a…
Forex Trail – 24 May 2012
The Kenya Shilling slipped 0.242% against the US Dollar in yesterday's trading. The Shilling however gained 0.708% against the Euro.
Regionally, the Kenya lost 0.201%, 0.116% and 1.24% versus the Uganda and Tanzania Shillings and the Rwanda Franc respectively.
Stocks Watch – 24 May 2012
As at the close of trading yesterday the NSE 20-share index stood at 3,678.02 as compared to yesterday’s level of 3,672.3. The NSE All share index stood at 79.14 down 0.37 points from yesterday’s close of 79.51 points. The number of shares traded stood at 27.2 million while the value…
Kenya Shilling Momentarily Gains for the First Time in 3 Days
In yesterday’s trading the Kenya Shilling strengthened for the first time in three days registering an exchange rate of KES 84.90 over the course of the day. This comes as a small reprieve from the depreciation we have observed on the shilling over the last week or so. In response…
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