Interbank Rates Dip
The interbank rate, the cost at which commercial banks borrow from each other, has fallen to almost the same level as the Central Bank Rate (CBR). The CBR is the rate at which commercial banks borrow from the Central Bank. Last week, the Monetary Policy Committee (MPC) decided to keep…
Back When KES 100 Could Buy You A Lot
Do you remember the days when the coins were larger,the days when a 100 shilling note was enough to buy an entire week worth of shopping? A significant amount that was to be handled with caution. An amount that was only in your possession when mother sent you to the…
You Can Now Fly Directly To Abu Dhabi with Etihad Airways
Etihad Airways, the national carrier of the United Arab Emirates commenced direct passenger flights from Abu Dhabi to Nairobi’s Jomo Kenyatta International Airport (JKIA). This new service commenced last Sunday and a one way flight ticket will cost USD 550.00 while a return ticket will cost USD 1,103.
Can Coins Rust?
No really, can they? If you leave a Kshs. 20 coin out in the rain all by itself, cold and lonely, when you wake up the next day, if it’ll survive the many attempts by passers-by to claim ownership of it, will it rust? Ever thought about it? The…
The ABCs of Buying a Government Security
In Kenya there exist two types of government securities; bills and bonds. These are both debt instruments but they vary in certain aspects. A Treasury Bill is a short term debt obligation issued by the government. In Kenya there are three types: the 91 day T-Bill, 182 day T-Bill and…
What Harry Potter and Kenya Power Have in Common
A series of seven fantasy books and eight films based on the Harry Potter novels by British novelist Joanne Rowling, commonly referred to as J.K. Rowling. The books have gained the attention of children and adults worldwide for the better part of a decade, won multiple awards, sold over 400…
Do You Need Life Insurance in Retirement?
As you age, the idea of life insurance seems increasingly unnecessary. Many retirees prefer not to continue paying life insurance premiums when they no longer have young families to take care of. However, before you shrug off the idea of life insurance in retirement, it’s a good idea to consider…
A 26 Million Bar Bill; A Million NIC Bank Shares
A young Briton splashed out over £200,000 (Kshs. 26,439,380) on drinks at a Liverpool nightclub, breaking the world record for the highest bill ever paid in a club. 23-year-old Alex Hope spent £125,000 on a 30-litre Midas bottle of Armand de Brignac, known as Ace of Spades – the world’s…
Fame Might Be The Next Currency After Money
Here is a something that might get you thinking as you relax and enjoy your Easter. Will money ever be replaced as the currency of the economy? A writer, Michael H. Goldhaber, believes that attention is the next currency. The castigated ‘cyber whores’ will be the next rich folks in…
Good Debt, Bad Debt?
Debt is a dirty word… isn’t it? It is something that we all strive to avoid, something we don’t want to be associated with, and something we shy away from. Whatever the case debt is something we cannot avoid. It is something we all identify with;…
CBK to Monitor Mobile Money
The Central Bank of Kenya (CBK)will start monitoring mobile money transaction in its quest to fight cyber crime related cases. Although there haven’t been many reported hacking cases in the current money transfer platforms, there is a growing need to secure the platforms due to the growing use…
The Passion Or The Money?
Say you have been offered a job, a very promising one and there is good money in it. But this job is not something you love doing. It is not what you would call ‘your passion.’ Let us also assume that currently, you are doing something you are passionate about,…
Double Your Internet Bundles
Double your Internet bundles today through Airtel Kenya exciting offer
Happy Easter!
We would like to wish all our readers a Happy Easter. Enjoy the long weekend and have as much fun as you can. Wherever you are going, drive safe. And spend money like there is a tomorrow! …
Closing Bell 05/04/2012
Gainers Price Change Kapchorua Tea Company 120.00 5.26% Pan Africa Insurance Holdings 26.00 4.00% Eveready East Africa Limited 1.55 3.33% Uchumi Supermarket Limited 12.80 2.81% Kakuzi Limited 82.00 2.50% Losers Price Change Express Limited 4.00 9.09% Eaagads Limited 31.00 8.82% TPS Serena Limited 46.00 6.12% Rea Vipingo Plantations…
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