Forget Buying Cheap, Buy Value
In an article on Richdad.com, Robert Kiyosaki, the author behind the best-selling book Rich Dad, Poor Dad startled me. He writes: The other day a friend of mine approached me excitedly, saying, “I found the house of my dreams. It’s in foreclosure and the bank will sell it…
The World Richest: Sultan of Brunei
Sultan of Brunei’s wealth increases by 90 Euros every second, meaning that around 5,400 Euros per minute, 324,000 Euros each hour, 7,776,000 Euros a day and 54,432,000 Euros a week. Brunei’s Sultan Hassanal Bolkiah is the president of one of the richest countries in the world.
Loans Easily Accessible in the Coming Days?
So banks in the country have been posting billions of shillings even as the economy and millions of Kenyans struggled in the past five years. But all that has now come to an end. In the coming weeks, as the earnings reporting season for the first three months of 2012 begins,…
Quick Money with Research Writing Companies
At 3 a.m in Kahawa Wendani, a Kenyatta University student bends over his computer, reading and refreshing a page on the Internet. A mug of coffee sits next to him to help keep his eyes open. He scrolls down a page titled ‘available orders’. At some point, he clicks on…
Monetary Policy Simplified
What comes to mind when you hear the words monetary policy? Most probably Central Bank, interest rates and inflation. If one is better informed they’ll probably think about the central bank rates, treasury bills and bonds and the interbank rate. All these are associated to monetary…
Closing Bell 20/4/12
Gainers Price (KES) Change (%) Mumias Sugar Company 6.05 9.01 Car & General Limited 27.25 4.81 British-American Investments 4.95 4.21 Marshalls East Africa Lmited 12.50 4.17 Scangroup Limited 49.00 2.62 Losers Price (KES) Change (%) Olympia Capital Holdings Limited 3.40 9.33 Rea Vipingo Plantations Limited 15.50 7.74 CFC Stanbic Holdings…
Sameer Africa: Infographic on its Profitability
Sameer Africa Limited will have to have sales of 37 billion to report a net profit of 1 billion
'Bad Debtors' to Miss Out on Loans
Individuals and companies who have been listed by banks as bad debtors, will miss out on credit for a minimum of seven years. This is a milestone for the lenders which has been made possible by Credit information Sharing by Credit bureaus,banks and other credit giving institutions. A newly published…
Another Rights Issue in the Offing
As we at PesaTalk had alluded to earlier, Standard Chartered Bank has announced that it plans to carry out a rights issue and increase its authorised share capital. In a letter addressed to the Chief Executive of the Nairobi Securities Exchange the bank announced that its Board of…
Barclays Customers to Travel Cheaper
Barclays Bank of Kenya’s Business Club members will be travelling cheaper on their international trip program organized by the Bank. The club is a section of the banks’ customers who access exclusive privileges in the banks’ services. Speaking at the flagging off vans carrying 400 members…
Kenyan Stocks Hit 7 Month High
According to Reuters, Kenyan shares rose to hit a 7-month high on Thursday lifted by a return of institutional investors in the market. Institutional investors are non organizations that trade securities in large enough quantities that they qualify for preferential treatment and lower commissions. Examples could include Pension funds…
Local Tourism Boosted by Entreprenuers
Barclays Bank of Kenya, has extended a boost to local domestic tourism as the Barclays Business Club members headed to Amboseli National Park for a two day business workshop beginning Friday 20th. In the maiden Business Club trip this year, more…
Standard Chartered Seeks Approval to Increase Authorised Share Capital
Standard Chartered Bank has announced that its Board of Directors approved a Rights Issue subject to shareholder and regulatory approval. A notice of the Annual General Meeting (AGM) to be held on Thursday 24th May 2012 has also been released. This will be the 26th AGM of the shareholders…
Sameer Profits Up 68%
Up, up, up. Sameer Africa's profit after tax is up 69%
22 Year Olds to File Tax Returns
More to join the tax bracket as pressure to increase revenue collection builds
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