How Unlimited is Airtel’s Club 10?
It seems like the word ‘unlimited’ has a very different meaning to mobile service providers in Kenya. This is what Airtel tells you about its Club 10 tariff and the supposed ‘unlimited’ calls: Sourced at: africa.airtel.com But this is what they give you: 60 FREE…
Get Your M-Pesa Mini-statement for Free
M-PESA now allows you to keep track of your transactions for free
Stocks Watch
The NSE 20 share index closed yesterday’s trading session at 3,581.330 points, 10.13 points up (0.28%) from the previous day’s close of 3,554.46 points. This continues the upward trend the NSE has displayed over the last few days. 18,722,200 shares were traded in total in 1184 deals in yesterday session.
New Payment System to Be Launched Soon
A new payment system dubbed Unipesa, is to be launched soon. Unipesa is a system that will enable you to settle your bills through a self service kiosk. All you will have to do is to enter the bill details or the…
Forex Trail
Below is a table depicting the movements of the Kenya shilling against the major world currencies, and the currencies of our neighbouring countries: CURRENCY DATE US $ Sterling Pound Euro SA Rand KES/USHS KES/TSHS KES/RWF Monday 23/04/2012 83.2178 134.1262 109.7653 10.63 30.1619…
Identifying a Pyramid Scheme
We are all attracted to the idea of making quick money with very little effort required and pyramid schemes are these days been masked as attractive retail multilevel marketing (MLM) schemes which promise huge returns within a short period of time. The last thing you want…
What’s Attracting the High Remittances?
Related to: Remittances, an Infographic. The Central Bank of Kenya has reported that remittances to Kenya for February 2012 amounted to about KES 8.6 billion. This is 71.12% higher than the amount received in February 2011 and 15.84% higher than what was received in January this year. According to…
CCK Says its Not Part of Call Rate Fixing Plan
The Communications Commission of Kenya (CCK) has distanced itself with the plan by three mobile operators to have a fixed minimum calling rate within their networks. CCK director general Francis Wangusi has admitted having talks with Airtel, YU Mobile and…
Closing Bell 24/4/12
Gainers Price (KES) Change (%) Kenya Reinsurance Corporation 9.30 16.25 CFC Stanbic Holdings 43.50 6.10 KenGen Limited 8.95 5.92 Trans-Century Limited 24.75 5.32 Olympia Capital Holdings Limited 3.65 4.29 Losers Price (KES) Change (%) Mumias Sugar Company 5.70 9.52 Standard Group Limited 22.50 4.26 Rea Vipingo Plantations Limited 15.25 1.61…
BAT Dividends Out This Week
BAT shareholders are about to get paaaaaaaiiid. A dividend of 27 bob per share is to be paid out on Thursday.
Kenya, a Drinking Nation
Official statistics, company research, store checks and trade interviews suggest that Kenyans last year consumed 601 million litres of alcohol, 30 million litres more than what was consumed in 2010. It is predicted that Kenyans will consume 625 million litres of alcohol this year. Statistics from…
Interbank Rate at its Highest in Two Weeks
The interbank rate, the cost at which commercial banks lend money to one another, rose to 19.4223% yesterday. This is the highest the rate has reached since April 5th when it was at 18.87%. Last week activity by the Central Bank of Kenya’s (CBK) mopped up excess liquidity in the…
KRA to Tax Mobile Money Transfers
The Kenya Revenue Authority could soon be taxing all transactions you make on your mobile money account, the tax man has announced. Speaking while releasing the KRA’s third quarter revenue performance Commissioner General John Njiraini said they were considering taxing the transactions to increase their…
Remittances: An Infographic
An infographic on the remittances over the last 5 years
The Man who Quit Money
Do you think quitting money would solve all our problems? Is it possible to quit money and survive in a system that worships it, where everything is flesh and money is the skeleton? A man, named Daniel Suelo back in 2000 decided to break up with the capitalist system, leaving…
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