Understanding Your Postpaid Electricity Bill
It’s no secret that your final electricity bill is highly dependent on the number of units you consume per month; this is because most of the levies charged are computed against the units. Below is a step by step analysis of a post paid electricity bill.
Outsmarting MPESA's new rates
Last week, we carried the news of Safaricom’s new MPESA rate and posed the question whether the new rates were more expensive. The general consensus was that they were, but a few people appreciated the lower limits,…
Measures to Deal with Inflation Paying Off
The government’s decision to cut down on the politicking and instead team up with the private sector to combat inflation seems to be paying off. As recently observed the shilling appears to be stabilizing fairly well, and seems to be growing stronger every day. We say this in…
Ecobank opens Karen Branch
Karen, Nairobi is now home to Ecobank’s 24th branch after the bank opened a new branch at the Karen Office Park. Residents and the Business Community within Karen and its environs can now access a wide range of the Ecobank’s products and services such as credit…
Inflation declines to 16.92%
The government’s target of lowering inflation to as low as 9% to 7% seems to be getting on track, this is as per the recently released Kenya Bureau of Statistics CPI and Inflation Rates February report. The report indicates that inflation rates have declined by 1.62 percentage…
Mistakes We Make When Already in Debt
“If you have debt I’m willing to bet that general clutter is a problem for you too.” — Suze Orman Being in debt in our 20s completely sucks because all of tomorrow’s income goes to yesterday’s purchases. It becomes even worse when debt begins…
KCB declares KES 15 Billion in pre-tax profit for 2011
Kenya Commercial Bank’s profit after tax rose by 53 per cent in 2011, rising from 9.8 Billion in 2010 to KES 15.1 Billion in 2011. The bulk of the earnings, KES 14B, was contributed by KCB bank wile its subsidiaries in Tanzania, Uganda, Rwanda and South Sudan contributed…
KCB Bank Full Year 2011 Earnings: My Analysis
December 2011 Millions Ksh
December 2010 Millions Ksh
Net Interest Income
23,286
19,645
Non Interest Revenue (NIR)
16,022
11,016
Total Operating Income (TOI)
39,309
30,661
Total Operating Expenses
24,179
...
The 100 Bob meal for 3
Our new office is located next to a mall- the Junction Mall to be precise, and thus eateries are in plenty. Dormans, Planet Yoghurt, KFC, Java House, The Phoenician, Art Caffe, Mediterraneo…the list is long. But, you may be aware, these are not exactly pocket friendly places to eat on…
New MPESA limits and tariffs: Is MPESA more expensive?
Safaricom, Kenya’s largest mobile network operator has introduced new rates and sending limits for its MPESA service. Under the new tariffs, users will be able to send as little as KES 10, and pay KES 3 per transaction upto KES 49. The upper limit per transaction…
NIC Bank AGM on 2nd May, 2012. Agenda
The fifty second Annual General Meeting of the shareholders of NIC Bank Limited will be held at the Kenyatta International Conference Centre (KICC) – Tsavo Ball Room, Nairobi, on Wednesday 2nd May, 2012 at 11.00a.m. The directors of the company will be seeking apporoval on the following items:…
'Nobody's claimed a refund from SMART Tv' say owners, Gov't
The owners of SMART TV will not face any legal action from the government as none of the collapsed broadcaster’s subscribers has raised any claims for compensation. Mohammed Nyaoga, the chairman of Transmex which owns Smart TV, said most of their subscribers were issued with the decoders for free in a promotion…
The Week Ahead: KNBS to release inflation information
The Kenya National Bureau of Statistics is expected to release February’s Inflation numbers on February 29th. Inflation slowed to 18.3 percent in January from 18.9 percent a month earlier, and is expected to drop even further this week, riding off the strengthening shilling.
Understanding Inflation, Interest Rates and the CBK
A couple of weeks back, when posting the CBK’s announcement on the Central Bank Rate, I could not remember when the Monetary Policy Committee had raised the Central Bank Rate to 18% so I turned to the person next to…
Does Pima Gas Make Economic Sense?
Are you a heavy LPG gas consumer or do you simply use it to make breakfast in the morning or warm up something once in a while? Premier Gas, a cooking gas dealer,…
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