Kenyans to Buy Bonds Through the Phone
According to the Daily Nation Kenyans will soon be able to buy government debt including Treasury Bills and bonds using their mobile phones, according to a project dubbed, ‘Treasury Mobile Direct’, launched by the World Bank and Central Bank. The scheme aims to capitalise on the popularity and success…
Think Yourself Rich: Get the Right Mindset for Wealth
Your personal mindset has a good deal to do with whether or not you find money success. Personal growth is all about becoming aware of your actions and choices and considering how you can improve those actions and choices. When you put that spotlight on your money, you can often reveal…
House Rent is not Your Enemy
In a decisive resolve to own a family house, a couple who reasoned they wanted to stop paying rent and live in their own house, arranged for a Ksh 47,000 per month 25 year mortgage plan with a Ksh 475000 down payment on a property valued at Ksh…
Keeping a Debt Book at Your Local Shop?
Living on the credit side of life is in most cases a dreaded thing for many people. But it sometimes is inevitable. Sometimes, you have to live in the negative figures to make things work for you. There is this common thing in lower mid-level households where you keep a…
In Investing You Need To Know When To Stop
Know when to stop. Make your money and go. Just like Kenny rogers sings in The Gambler, “you got to know when to hold ‘em, know when to fold ‘em, know when to walk away and know when to run…”
How Is Inflation Calculated?
The formula for calculating the Inflation Rate using the Consumer Price Index is relatively simple. Every month the Kenya National Bureau of Statistics (KNBS) surveys prices and generates the current Consumer Price Index (CPI). What is this CPI? The CPI is defined as a measure of the weighted average change…
Of Bulls and Bears and Buying Shares
Been thinking about when to buy shares? Here’s some free advice for you. Buy. Now
Your Postpaid Electricity Bill to Increase by 28.4%
Kenya Power is set to implement its new tariff by July after getting consent from the government to do so. Click here to read more on this. The new tariff will see the Fixed Charge on your bill increase by about 33%, from KES…
Closing Bell – 4 May 2012
Gainers Price (KES) Change (%) WTK 260.00 8.33 TCL 25.00 6.38 PAFR 29.00 3.57 MSC 5.85 3.54 EVRD 1.70 3.03 Losers Price (KES) Change (%) EGAD 29.00 9.38 BOC 107.00 6.96 XPRS 3.85 3.75 SCAN 53.00 2.75 ICDC 15.15 2.57 Exchange Rates CURRENCY MEAN US DOLLAR 83.2806 STG POUND 134.8059…
Githae Calls on Banks to Lower Rates on Loans
Finance minister Njeru Githae has continued with his call on commercial banks to lower the rates at which commercial banks give loans to their customers. Githae has been asking banks and other lending institutions to make loans affordable to borrowers citing reduced cost of operations for the banks. Speaking at…
Investors Becoming Victims of Their Own Greed?
The recent revelation that some investors had lost millions of shillings of their investment to a product linked to CIC Insurance raised eyebrows. The product in question had characteristics similar to a pyramid scheme, handling huge sums of money and promising high returns in short periods.
Who Stands To Benefit from Lower Termination Rates
The recent move by the telecommunications regulator, CCK to lower the termination rate from KES 2.21 per minute to KES 1.44 is aimed at encouraging competition among the mobile operators which would subsequently result in lower calling rates. The termination rate is the amount…
CFC Stanbic 2011 Results
3%, the increase in CfC Stanbic Holdings' net profits in 2011
Why Safaricom is against Lower Termination Rates
The recent move by the telecommunications regulator to lower the termination rate from KES 2.21 per minute to KES 1.44 is aimed at encouraging competition among the mobile operators which will subsequently result in lower calling rates. The termination rate is the amount of money an…
Banking Sector Grows Through Turbulent Times
The Kenyan banking sector has been growing despite the turbulent economic times the country has experienced in the recent past. The sector posted good results for the year ended December 2011. This is evidenced by the impressive profit before tax of Ksh.89.3 billion (USD1.08 billion) for the year ended December…
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