Bharti Airtel Revenue Rises in Africa
Bharti Airtel Limited yesterday announced its audited consolidated IFRS results for the fourth quarter and year ended March 31, 2012. Revenue growth in the fourth quarter was fuelled by increased customer subscription and strong minutes growth in India. Despite a national strike for 9 days in…
MPC Expected to Maintain CBR
The Central Bank of Kenya’s Monetary Policy Committee (MPC) is expected to hold a meeting today. The Central Bank’s principal objective is the formulation and implementation of monetary policy directed to achieving and maintaining stability in the general level of prices. The aim is to achieve stable prices – that…
NHIF Stopped from Effecting New Tariffs
The National Hospital Insurance Fund (NHIF) has been directed to hold for sometime its plans to start deducting from workers contributions based on the new tariffs. (Read: New NHIF Tariff Takes Effect in June) Vice President Kalonzo Musyoka directed Labour minister John…
Hopes for Cheap Loans Dimming
Hopes for Kenyans to get cheaper loans are dimming further after parliament declined to pass the amendments to cap interest rates on loans in April. Borrowers are likely to be subjects of expensive loans for a long while as experts predict that The Central Bank of Kenya is likely…
Money does not Motivate the Creatives
Dan Pink, a renowned author, in his latest book Drive tackles the question of what motivates us to work. His counterintuitive research says that financial rewards do hinder our creativity. More money makes people less motivated to create, he says. There is of course an oversaturation…
Is COTU’s Argument Against NHIF New Rates Reasonable?
Central Organization of Trade Unions (COTU) has issued a 14 day strike notice over the new National Hospital Insurance Fund (NHIF) rates. Are COTU arguments valid, or is NHIF working in the worker’s interest? Francis Atwoli, COTU Secretary-General, has raised several arguments…
What You Should Know About Co-Signing or Guaranteeing a Loan
Have you ever been approached by a friend or relative who needed you to co-sign or guarantee a loan or their mortgage? Do you know of what you are getting yourself into when you co-sign or guarantee a loan? People often co-sign or guarantee loans for friends or relatives without…
How Disorganization is Costing You Money
Your disorganization is costing you a great deal of money. Here are some ways through which you are simply throwing money out the window, money that you could have saved if you tried to be a little organized. Missed payments and extra charges– Rent is not a thing most of…
Is the Minimum Wage Increment Viable?
The Labour Day announcement of a 13.1% increase in the minimum wage will see the lowest paid workers start earning KES 8,579. To read more on this click here While this increment will help the poor cope with the high commodity prices, how viable…
Stocks Watch 2-05-2012
The counters of interest in today’s trading are: KenGen Limited: As at the close of business on Monday the power generating company was the highest gainer having closed 5% higher than it had opened. It will be worthwhile to see whether this will continue in today’s trading or whether it…
CBK to Auction KES 3 Billion Worth of T-Bills
The Central Bank of Kenya (CBK) will today auction 182 day Treasury Bills worth KES 3 billion. This comes after last week’s auction of Treasury Bills and a Treasury bond worth KES 2 billion and KES 5 billion respectively. Last week the Treasury bills were oversubscribed by 137% while the…
Minimum Wage Increased
Lowest earning workers in the country could start earning a minimum wage of Shs 8,579 after the government proposed a 13.1% increase in the minimum wage. The announcement made at this years’ International Labour Day celebrations on May 1st was met with mixed reactions from the public. The cost of living…
Want to Trade? Don't Be Like Him
This one goes out to those of us who try as much as possible not to take responsibility when things go wrong, but are up celebrating when things go as planned. When it comes to money, one needs to make decisions that, whichever outcome, they will take responsibility. Say for…
COTU Calls Strike Over NHIF Rates
Central Organization of Trade Unions (COTU) chairman Francis Atwoli has called on all workers to go on strike beginning 14th of May. The strike is in protest over the new payment rates proposed by National Hospital Insurance Fund (NHIF). Atwoli was speaking at the…
A 10% Reward for M-PESA Top-ups, Says Safaricom
This new month, Safaricom has rolled out a new offer that will earn you a 10% bonus on credit every time you top up via M-PESA. The promotion runs from 1st to 31st May, and is applicable for top-ups between KES 5 to 1,000. This comes a day after the…
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