10 Million Shillings for One Share?
10 million shillings is many things. Food for entire villages, schoolfees for entire communities, brand new Mercs. 10 million is also the price of one class A share in Berkshire Hathaway, Warren Buffet's company.
Introducing the Pesa Portfolio!
From tomorrow we at the pesatalk will be taking you, our beloved reader, through the investing process in an interactive and understandable way. We’ve dubbed this PesaPortfolio. We believe that when talking about money and where to invest it, it would be even more useful if you could be…
Deloitte Launches Budget Championship
Deloitte in East Africa has launched the East Africa Deloitte Budget Championship. For the 2nd year running, the professional services firm is conducting the budget championship whereby participants will compose essays themed on “strategic forward thinking and providing innovative solutions” answering the question: If you were a CEO…
Three Months Notice?
Imagine having to give your Landlord three months notice before you can vacate a house. Well, this will be the case when the Landlord and Tenant Bill, which is yet to be discussed by cabinet, is passed. Finding that ideal house to rent today…
The Various Average Rates and What They Mean
According the Central Bank of Kenya’s (CBK) website as at the close of business on Thursday, the various interest rates in the economy are as follows: Rate % Date Inflation 13.06 Apr-12 Central Bank Rate 18 04-Apr-12 T-Bills (91) 15.93 23-Apr-12 T-Bills (182) 14.775 07-May-12 T-Bills (364) 16.915 09-Apr-12 Interbank…
Thirteen Thousand Homes and Thirteen Thousand Cars. Lost.
Thirteen thousand 4-bed maisonettes and thirteen thousand Premios (one for each home) would cost about $2 billion, 167 billion shillings.
That is the amount of money that JPMorgan Chase has lost in the last two weeks.
The Landlord and Tenant Bill, How Practical Is It?
A proposed bill by Housing Minister, Soita Shitanda, that affects you as both a tenant and a landlord.
Closing Bell – 11 May 2012
A summary of the day's goings-on at the NSE.
There were 4.843 million KCB shares traded today with the share closing 25 cents up.
Safaricom however, 4.042 million shares trading with teh counter closing 5 cents down.
Bill to Protect Tenants From Unexplained Rent Hikes to be Discussed
Should the Landlord and Tenant Bill before parliament be passed, landlords will have to get a permit from authorities to increase their rent. The bill which is before parliament seeks to to protect both landlords and tenants to ensure that both parties have an agreeable business relationship. Housing minister Soita…
Safaricom's M-pesa Revenue Proof of Mobile Money Grip
It could easily pass in many quarters as correct to say M-Pesa is the best thing that has happened since sliced bread. Well, it could be true, but the real big thing was the penetration of the mobile phone in Kenya. The mobile phone growth in the country forced people…
First Step Towards Regaining Control of Your Finances
Do you earn a decent salary but are always broke? You can’t seem to get a handle of where your money went or how you spent it all. The first step towards escaping this vicious cycle of mismanagement of your funds is to start keeping track of…
Don’t Expect Significant Reduction in Electricity Bills Following Heavy Rains
Kenya Power announced that it will lower this month’s fuel levy charged from 742 cents/kwh to 697 cents/kwh, following the heavy rains that have been encountered lately. I embarked to calculate how low this months electricity bill would be following this reduction. The fuel levy charge accounts for…
GOtv Subscribers Get More Channels
GOtv subscribers will now enjoy a total of 40 channels after GOtv revised upwards its monthly subscription fee by KES 135, from KES 585 to KES 720. This increase in monthly subscription rate led to numerous complaints from its subscribers who demanded for more channels.
Longhorn Publishers to List on the NSE
Longhorn Publishers is set to list on the Alternative Market Segment (AIMS) of the Nairobi Securities Exchange (NSE). The publisher will list 58,500,000 ordinary shares at KES 1 per share. Prior to the decision to list publicly the share were trading at KES 66 per share on the Over-the-Counter Market…
Housing Finance to Develop Affordable Houses in Komarock
Mortgage financier, Housing Finance is set to construct 162 maisonettes and a commercial centre. The firm, through its subsidiary, Kenya Building Society, will put up the structure on a13-acre piece of land in Komarock, Nairobi, at a cost of Sh800 million, making a grand return to property…
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