Weekly Bulletin Simplified: Market Cap Hits KES 1.003 trillion
According to the Central Bank of Kenya’s weekly report the interbank rate, the cost at which commercial banks borrow from one another, increased to 16.35 percent during the week ending May 9, 2012 from 15.74 percent in the previous week. The average number of borrowing and lending deals between the…
Deacons to List Shares on the NSE
Merchandise in a Deacons store (Photo: easoko.com) Mega East African fashion retailer Deacons Kenya Limited is set to list its shares on the Nairobi Securities Exchange in July. The lifestyle brand is just waiting from approval from markets regulator Capital…
CBK's 5-Year Bond: Your 5-year Investment
The CBK is currently offering you the opp to invest in a 5-year fixed coupon bond. Considering the interest rates of late, the bond is worth considering.
Water Rationing Schedule
Areas in Nairobi affected by disruption in water supply following damage on the water supply pipe from Sasuma Dam will now experience water rationing for the next two weeks. The water distribution schedule is as follows: Data sourced from Nairobi Water Data sourced at…
To Pay or Not to Pay Interns?
Earlier this morning, there was a discussion on twitter, orchestrated by Robert Alai. Robert was calling out companies to start respecting interns work and pay them for the services rendered. Here are some of the observations we thought we should share. We would love to hear what you think on…
Laws That Should Protect You From Rent Increment
Kenyans have for the longest time been victims of exploitative property owners who hike rent whenever they like with no regard, what-so-ever, to their tenants. There have been attempts to safeguard tenants from such exploitative landlords, but these attempts have been frustrated by the procedures entailed…
What Winnie the Pooh Teaches Us About Investing
If you look around carefully, there are many money lessons everywhere. Even Winnie the Pooh, this bear of very little brain has a bit of financial wisdom for us. In this particular incident, Winnie the Pooh misunderstands a note from his friend, Christopher Robin. In the note, Christopher…
Money Inflows From Kenyans in Diaspora Increase
Kenyans in the diaspora remitted over KES 8 billion in the month of March 2012. This is 49% more than the money remitted in March 2011. Indeed, Kenyans abroad seem to be doing quite well.
Forex Trail – 14 May 2012
Below is a table of the movements between the Kenya shilling and other major international and regional currencies over the last two trading sessions (Thursday 10th May 2012 and Friday 11th May 2012): Currency Date US Dollar Sterling Pound Euro SA Rand KESUSHS KESTSHS KESRWF Thursday 10 May 2012…
Stocks Watch – 14 May 2012
At the close of trading last week the NSE 20-share index stood at 3,599.33 points up from 3,589.43 points the day before. The NSE All-share index also rose from 78.36 on Thursday to 78.46 on Friday. The increase in these indices is characteristic of end of week trading as investors…
National ID Replacement Levy Could be Dropped
The government is contemplating removal of the Shs. 200 levy on replacement National Identification Cards (IDs). Speaking at a rally in Kakamega County, Immigration assistant minister Francis Baya instructed all chiefs and assistant chiefs to urge eligible youth to start the process of acquiring IDs. The Shs. 200 levy and the…
Frugality at its Dumbest: 9 Worst Ways to Save Money
Saving money is great, but not if it is at the expense of your long term financial future and well being. As much as possible you have to consider the long term effects of your decisions on yourself and those around you. Otherwise, you might find yourself paying a hefty price for your “savings”
Taps To Run Dry For 2 Weeks
Nairobi Water Company has announced that the water shortage caused by damage on a supply pipe from Sasuma Dam will take two weeks to repair, and that normal water supply will therefore resume in about two weeks. Areas worst hit by the water shortage…
Sigh Of Relief for Tenants
The recent move by the Tax-man to tighten his grip on defiant landlords who have been evading property taxes will see rent increased as landlords pass on this additional costs to their tenants. Click here to read more on…
An Obsession With Consumerism
A quote we though we might share, by Adam Baker of Sell Your Crap No longer is consumerism confined to dark alleys and shadows. We’ve incorporated it as part of our daily life! We invite it into our homes. It’s embedded deep within our media and entertainment channels.
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