Do You Spend Money to Earn Points?
When you go shopping and you give the shop attendant your favourite stores’ points smart card to swipe, does it thrill you when your bill gets bigger and bigger? Or does it make you feel good when you check your reward scheme point balance from your mobile service provider? When times…
Closing Bell 12/4/12
Gainers Price (Ksh) Change (%) Uchumi Supermarket Limited 14.65 7.33% British American Tobacco Kenya Limited 299.00 3.10% NIC Bank Limited 26.50 2.91% Scangroup Limited 53.50 2.88% Kenya Airways Limited 14.35 2.87% Losers Price Change Eveready East Africa Limited 1.50 9.09% Rea Vipingo Planations Limited 15.05 4.14% Standard Group Limited 22.00…
Kenyans Like Their Treasury Bills
The results of yesterday’s Central Bank of Kenya treasury bills’ auction are in and the verdict is clear. Kenyans love their treasury bills. Specifically the long term ones. The CBK received 157 bids for the 91-day treasury bills amounting to Kshs. 1.6 billion which represents about 39.99% subscription.
CMA Lifts Suspension on EAPC
The Capital Markets Authority (CMA) has reinstated for trading the shares of East African Portland Cement (EAPC) after a two-month suspension, saying the doubts the authority had about the firm’s ability to continue operating had been satisfied by the firm’s continuous operations over the period of suspension. The shares had…
Too Fat to Fly? The Parable of Henry the Pheasant
A story is told to illustrate the modern generation’s addiction to abundance, a condition that makes us victims of our own success. It is called the ‘parable of Henry the pheasant’. A pheasant is a bird, in case you were wondering. The location is England in Blenheim Palace,…
Who Invented Money and Why Did He Invent it?
It’s that time of the month when you have to tighten your belt as your financial reservoirs are fast diminishing. One question I always ask myself during such times is who the hell created money and why did he invent it? We wake up in the morning to hustle for…
Crown Berger Enters into Another Foreign Partnership
Crown Berger Kenya has entered into a distribution partnership with a South African company Free World Automotive Coatings to distribute the South African firm’s automotive paint products and enable it to penetrate the domestic market. Crown Berger is a Kenyan paint manufacturing company established in 1958 with an…
Save KES 2,000 with Zuku
With few days remaining to the close of Zuku’s “eggciting” Easter offer, you can get complete Zuku TV kit, full installation and two months subscription to Zuku Premium for KES 6,600. Full Zuku installation costs are KES 3,999 and subscription to Zuku Premium bouquet is KES…
I&M Bank Ranked Cheapest Mortgage Provider
According to a report released on Wednesday by The Mortgage Company, I&M Bank is the cheapest mortgage provider in the country. I&M is retailing mortgages at 19%. Bank of Africa on the other hand was ranked most expensive as it retails mortgages at 28%. Last year the rate on mortgages…
Would You Spend KES 3,000 on Your Nails?
You can get gel nail extensions from Concierge Beauty Salon and Barber Shop in Nairobi at KES 3,000. The session typically lasting an hour will get you an experienced nail technician who will carefully place UV Gel Nails over your natural nails, protecting and promoting their growth. Ladies, would you…
“Resist the Crowd: Cherish Numbers Only”
This might be the hardest investment advice to take, but it might be the best you will ever get. It feels warm to be in the crowd, but numbers are warmer. So resist the crowd, and cherish the numbers. Jeremy Grantham in what he calls ‘The longest quarterly…
Counterfeit Phones are Here to Stay
A mobile phone user in Kenya (Photo:Africa Renewal) The Communications Commission of Kenya (CCK) has suspended the purported shut down of all counterfeit mobile phone handsets. The industry regulator had set a 30th April 2012 deadline for shutting down the fake gadgets. An official announcement from CCK…
NIC Seeks Shareholder Approval at AGM to Increase Authorised Share Capital
NIC Bank has released a notice of the Annual General Meeting (AGM) in the local dailies. This will be the 52nd AGM of the shareholders of NIC Bank and will be held at the Kenyatta International Conference Centre in Nairobi on Wednesday 2nd May 2012. The bank’s profit after tax…
"Negotiate Your Salary" and 5 Other Financial Tips
“The Biggest Loser” is a television show that teaches people how to eat healthy. “Loser” here refers to the person who loses the most excess fat and millions tune in to watch the show every week. “I love that show,” says Alexa Von Tobel, a Harvard graduate…
HASS: Property Prices Stagnant, but Rent Prices on the Increase
Hass Consult, a property development and management fim, yesterday released the results of the Hass Property Index for quarter 1 of 2012. The Hass Property Index is a measure of how housing prices and rents are moving. In brief, the figures were…
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