Excitement as Uchumi returns to the NSE: Our Analysis
When Uchumi Supermarket was put under receivership and suspended from the bourse six years ago, nobody thought that we would one day see Uchumi’s return to the Nairobi Stock Exchange (NSE). One can hardly count the number of firms that have gone under in Kenya and returned from jaws of…
Financial Wisdom
Today we decided to get creative. Here is a brilliant comic strip on personal finance by the very talented Creative Director Ras Mengesha and the very talented artist Ian Njuguna…
Earnings Season
Safaricom Ltd (SCOM) Recently Bob Collymore, Safaricom’s Chief Executive Officer announced a dividend of KES 0.20/share after the he announced SCOM’s KES 18.4 billion in profit before tax for the 2010/2011 financial year.
Saving money: The life blood of a healthy financial life
When you are under a lot of debts and you wish to get out of the situation, then you may do so with the help of debt solutions. If you have a lot of debts that you are having difficulty paying towards, then you may opt for debt…
Why Safaricom will survive the Price Wars
When Airtel played the Bendover song in front of Safaricom House around September last year (if my memory services me right) Safaricom’s share price was well above the IPO price, as i write the share price seats well below its IPO price taking a beating from the intense price wars…
Entrepreneur Focus – Idd Salim
He is known in the local tech community as a master coder. He thinks, eats and drinks code and it would surprise you to know that the first time he ever touched a computer was when he first joined form one, precisely on 17th of February 1997. The day is…
5 Ways to Save NOW!!
Saving is one of those things we know we ought to do, but we don’t do because it feels so hard. We promise ourselves we’ll do it next time, and postpone it but we need to get started. Here are a five ways to get started now. 1. Figure out…
In your 20's? Start living below your means
For people in their 20s, time really is on their side. These are the years to develop the habits to ensure a successful financial future. As with most things in life, practice does make perfect, and there are critical financial habits a young person needs to develop to ensure…
Debt Management
I am currently working my brain through writing a manual on Collateral, Debt and Portfolio Management. Something I tasked myself with when I was given a thirty days sick off for the second time in four months a couple weeks ago. Commercial Debt Management as such is one aspect I…
Time banks lowered interest rates to attract home owners
You must have seen it by now: the dance craze where people go down as low as their limbs would allow. They are overjoyed and in one accord. But even before you can get a clue to what the excitement is all about, the dance ends abruptly with the message:…
Malipo ni papa hapa (All debts are settled in this world)
If you want to the best definition of this Swahili phrase, the best people to ask are the 10 candidates who were interviewed for the Chief Justice (CJ) position by the Judicial Service Commission last week. If I was betting man I would place a generous wager…
Treasury invites Kenyans to ‘tweet’ their budget views
Kenyan citizens will for the first time contribute to the formulation of the National Budget using social media technology, as part of a strategic push by the government develop a more inclusive document under the new constitution. Hoping to include a more comprehensive snapshot of the concerns of citizens, the…
Career Focus: George Lutta
George Lutta is the brilliant, charismatic CEO of Media Initiative, a Media Buying unit owned by Scangroup. How was his journey to the top? He was gracious enough to sit with the Money Academy and take us through his life journey. Here’s his story. ‘I figured out early…
Health Focus: An Insurer's point of view
Peter Nduati is the founder and CEO of Resolution Health. He is 41 years old and has over 20 years experience in the Kenyan Insurance Industry. He is also a master’s degree holder in Economics and Insurance, and is currently working on a doctorate in Entrepreneurship in Kenya. We spoke…
Health Focus
Health Focus is a serialization of stories on the effect of Health issues on a family and individual. While many take health for granted, the lack of it can lead to an enormous cost for a family. Often the cost is not just financial but emotional as well. How do…
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