The Richer, The Poorer: Are Rich Nairobians Making Us Poor?
Is it possible that the rich are putting too much pressure on the non-rich, driving the country to the edge of spending more money than it actually has? According to Robert Frank in his book, Luxury Fever, our attempts to keep up with the rich folks…
Mortgage Market to Grow
Central Bank of Kenya (CBK) Governor Njunguna Ndungu has called for the widening of the local mortgage market to deal with the rising demand for housing. A study by CBK and the World Bank in June 2010 on mortgage finance in Kenya reveled that the market…
What Financial Lessons Do Others Learn From You?
“Experience is what you get when you didn’t get what you wanted. And experience is often the most valuable thing you have to offer.” – Randy Pausch Experience is the best teacher and at most times we tend to learn from the financial mistakes or achievements of others. This…
NSE to list on the NSE
The Nairobi Securities Exchange is in the process of demutualization. In fact, efforts to demutualize have been going on since 2005. A study carried out by the Financial Services Advisory arm of KPMG titled “NSE Demutualization Study” lists demutualization as a trend in the world…
Two Can Pay The Rent
If there is a thing Nairobi’s culture has refused to embrace, it is the culture of a roommate. Having a roommate has been largely an American way of living. Most people in Kenya will prefer to work harder to at least afford the whole cost of renting an apartment,…
Paying your Taxes might Just be Illegal
Parliament is in a tussle with the government over passing of the Finance Bill 2011. The government has differed with parliament over, among other things, the capping of bank interest rates. Failure to have the Finance Bill passed by parliament essentially makes it illegal for government…
M-Pesa Revises KPLC Postpaid Bill Payment Charges.
Unlike in the past when your PostPaid electricity account was updated in 48 hours of payment via M-Pesa, you account will now be updated in approximately one hour. M-Pesa has also introduced new PostPaid electricity payment charges. To…
Don't Bailout Telkom, Give Us The Money Instead!
The word “Bailout” is an exciting one. A Bailout is a phrase we’ve probably heard in passing, mostly concerning developed countries and large companies that are having financial trouble. There’s been talk of Telkom requiring a bailout so as to stay afloat. Ordinarily, a bailout is a grant of funds…
Your Money to Bail Out Telkom?
A headline in one of the recent dailies read “Telkom wants 10 billion shilling bailout from taxpayers.” If you pay taxes, be it P.A.Y.E or duty tax when you import something or even VAT when you buy something from the shops, this headline should speak volumes to you. We don’t…
Do You Track Your Mobile Money?
We wake up one morning in the late years of the 2000s decade and we are served with the best thing to ever come from this side of the globe. Mobile Money transfer. There have been claims that it is the best thing that has happened in Kenya and Africa…
Ten Simple Tips For The Nairobi Spender
If there is something that well defines the insatiability of man, it has to be through money. We can never have enough of it. When money is enough to buy the basics, we need more for the luxuries. When we have enough to buy cars and booze, we need more…
NSE Broadens Board
The shareholders of the Nairobi Securities Exchange (NSE) held an Extra Ordinary General meeting on Thursday 15th March 2012 at the Sarova Stanley Hotel to elect a new board of directors. This follows the re-registration of the NSE on 21st September 2011 where the company…
CBA Launches Dollar Credit Card
CBA is proud to launch the first US Dollar credit card in East Africa, giving clients the convenience and ease of banking they have come to expect. It is through our focus on customer service and our array of products that we deliver on our brand promise: time for more.
'I was driving my Toyota, chatting on my Nokia'
An Ipsos-Synovate report released yesterday found that majority of women in urban Kenya prefer Toyotas over other car makes and Nokia over other phone types. Its interesting to note that Alcatel was included in the report. One question that arises…
Living better means living beneath your means.
Facts to note about living below your means
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