What's Your Side Gig?
Most people who are currently running their own companies started them as a mere side gig to get an extra penny. Emma Nganga, a once successful PR associate, turned to dairy farming, her longtime side gig. Eric Kinoti, founder and managing director of Shade Systems East…
Barclays Bank Share Reaches its Highest in Two Months
In yesterday’s trading the Barclays Bank of Kenya (BBK) share gained 3.1% to close at KES 13.45 per share. Over the course of the day the share hit KES 13.50, the highest value the share has attained since February 16th this year. This increase comes a day after the bank…
Pesa Portfolio – 18 May 2012
Our Pesa Portfolio of KES 99,000 increased KES 800 in value in yesterday's trading. Our holdings in Mumias Sugar, Housing Finance and Kenya Re supported this increase in value, with the net gain being diluted by drops in the Kengen and Crown Berger shares.
MTR Could Drop Below the Shilling Mark, CCK
Information industry regulator Communications Commission of Kenya CCK plans to bring down Mobile Termination Rates (MTR) to below one shilling. MTR is the amount of money an operator pays other operators when its subscribers call the other network. The regulator announced last month that it would be bringing down…
Use My Tax Money Wisely
“Government can never get broke, it is people like you and me who get broke,” – Joseph Kinyua, Permanent Secretary, Ministry of Finance Did you know that Kenya ranks 4th in the Global Property Guide’s list of Most highly taxed countries; ranked a place…
Now is Too Soon to Tell
Sometimes, one really does not know what tomorrow brings with it. We might consult all planners and predictors, but it always comes down to: no one has seen tomorrow yet. Looking at it this way, life’s future experiences remain a box we are yet to open. The decisions we make…
Forex Trail – 18 May 2012
The Kenya Shilling had a bruising in yesterday's trading losing ground against the US Dollar, the Euro and the SA Rand. The Kenya Shilling lost 0.292% of its value versus the USD, continuing its slip-and-slide this week.
Housing Finance: Back in the Business of Building
After 13 years, Housing Finance is back in the business of building with a bang! 162 maisonettes for starters.
Customers Deserve Service
I am pretty sure no one loves to cause a scene or complain in order to get service for their money. We all prefer to get service for what we have paid for, without threatening to sue or raising rants on social media. Unfortunately, this is becoming a…
State Doing Little in Housing Development
The state has been playing a back bench role in provision and development of new housing units. Investors in private sector have taken over development of housing units even at times when statistics show large housing unit deficits, a thing the state should be concerned about. It is estimated that…
Stocks Watch – 18 May 2012
At the close of trading yesterday, the NSE 20-share index stood 40.73 points up (1.12%) at 3,677.81 points to continue its upward trend. A total of 15.24 million shares were traded with an equity turnover of KES 353.58 million. The counters we will be observing today are: Kenya-Reinsurance: The share…
Your Taxes Have to Work for You
What are my taxes for if I have to pay my medical bills, buy clean drinking water, pay for affordable housing and schooling for my kids? This question was posed by technology blogger Robert Alai on his Twitter timeline. This observation brings to light…
Eveready East Africa: On The Brink
If you invested in 9,500 Eveready shares in the IPO, that cost you about KES 9,500. If you've held on your shares as they are, they are worth about KES 1,000 today!
KQ Hits KES 16 Per Share
In yesterday’s trading the Kenya Airways (KQ) share hit the KES 16 mark and continued to attain an all-month high of KES 16.30 per share. This is the highest the share has attained since 14th March when it fell to KES 14.37 from KES 17.60 five days earlier. This is…
Friday's Water Distribution Schedule
It been a week since the Sasuma Dam supply pipe got damaged following the heavy rains. Nairobi City Water & Sewerage Company LTD announced that it would take two weeks before normal water supply is restored. We have about one week to cope with poor water…
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