CBA Opens Branch in Thika
Commercial Bank of Africa (CBA) has kicked off its retail expansion with the opening of a new branch in Thika town. The new branch, strategically located at the Central Business District of Thika town, offers a wide variety of services to the high networth…
They've Got Milk
Eastleigh is the land of milk, but without the honey. In the past few weeks, there has been a shortage of milk in the estate shops and some supermarkets. But while the rest of the country was scouting from a shop to another in search of just a…
Increase in Use of Mobile Money
The rapid uptake of mobile money transfer and banking has been attributed to the continued demand of the service’s ability to address banking issues. More particularly, low income earners who do not have access to banking services have been in the frontline in the growth of the service, offered by…
The Good Side of Economic Integration
Related to: Integration, What does it mean? Economic integration refers to the process of unification of economic policies through the removal of trade tariffs. This is meant to ensure the free movement of people, goods, services, and capital, enact and maintain common policies on trade,agriculture and regional development and…
Why City Council of Nairobi Stopped Collecting Garbage
Wondering why City Council of Nairobi (CCN) stopped collecting your garbage? Well, it’s because it does not have enough garbage trucks. To be precise; CCN only has 12 garbage trucks. Town Clerk Philip Kisia says the council had 250 trucks in the 1970s but…
How Safaricom Internet Speeds Work
@mugambijohn Speeds on the bundle can go up to 512kbps and after downloads of 1.5 Gb this goes to 128kbps as per the fair usage policy ^SW — Safaricom Limited (@SafaricomLtd) April 18, 2012 …
Closing Bell 18/4/12
A summary of the day's NSE and Exchange Rate activity.
Save for Your Child's Education Early
Educating children is probably the second most expensive item on a family’s list of inevitable things after food and shelter. The cost of taking children through an education right after their birth is a consuming factor that many people have never put into consideration. Right from the time the little…
The Painful Side of Taking a Loan on Items
A sign on a shop in Nairobi (Photo: Mocality) When you walk on the ever busy and crowded Tom Mboya street in Nairobi, you will see hundreds of pink signs with “INSTANT CASH ON ITEMS”. The rate at which entities sprung clearly shows there is business in it. The…
Inflation to Rise During Election Period
Expect inflation to rise during the election period as politicians pour money into the economy. Campaign insiders predict that political parties targeting not only the presidential seat but also senate and parliamentarian positions for their candidates will spend up to about $100 million to $150 million…
Scangroup Profits Up 42%
ScanGroup Limited, Africa’s leading marketing services company has released its financial results for the year ended 31st December 2011. The company’s profit before tax increased by 52.68% from KES 838,396,000 in 2010 to KES 1,280,100,000 in 2011. The company’s operating expenses increased by 49.36% from KES 1,685,377,000 to…
Interbank Rate Rises
The interbank rate went up by 1.2% from 13.8% to 15% on Monday and rose even further to 16.3962% as at the close of business on Tuesday. The interbank rate is the cost at which commercial banks borrow from each other. This increase seems to be in response to the…
Forex Trail
Forex Trail is a daily tracker of exchange rates, observing daily performance and offering some insights and predictions.
Treasury to Issue Two Year Bond
The Treasury has announced that it seeks Ksh 5 billion through a two year bond to be issued this month. The last two year bond issued was in November 2011 and the weighted average yield rose to 22.844% from 16.526% the previous month. The weighted average yield may rise even…
Safaricom's Unlimited Internet Bundles to Be Scrapped
Safaricom plans to scrap off its unlimited Internet bundles, according to the company’s CEO, Bob Collymore. He further added that there has been a misuse of the service by subscribers who have been making huge downloads, resulting in huge losses for the company. Perhaps this explains…
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