Standard Group Reports a 12% Drop in Profits
Standard Group limited has reported a 12% drop in profits from a profit of Kshs. 249.239 million it posted for the period ended 31st December 2010 to Kshs. 219.298 million it posted for a similar period last year. In the financial reports posted on the NSE website the group said…
Jack Of All Trades And Master Of None?
Multitasking (Photo: examiner.com) The preaching from morning to evening in all corners of the nation hits the message. Develop the entrepreneurial mindset. So in our thousands we have taken the cue and joined the lucrative path, some of us leaving monthly secure paying jobs as one of our writers,…
Of Money, Luxury and Solitude
Being penniless sucks! But emerging research findings are proving to us that having no money can be a good bus to ride. We do not necessarily sulk into a corner of affliction when the money goes, even though there are things we might lack. Psychologists say that money mostly pushes…
Finally, A House You Can Afford
In the recent past, Kenya has witnessed a growth spurt of housing estate developments, from Edenville, Edenville Two, Tatu City, Migaa, Sahara Ridge, One Red Hill, Kihingo Village, Fourways Junction, Vipingo Ridge, Konza, the “city of dreams,” to the hundreds of apartments…
The Cost Of Living In Kibera
Many have moved to Nairobi in search of greener pastures but all they find is a greater amount of financial difficulty and constraint. Mr. Johnston Kamau, once a coffee farmer moved to Nairobi in the early 1980’s when the international coffee prices had hit an extreme low. He expected things…
Express Kenya Limited Shareholders To Be Wary
Things do not seem to be going well at logistics company Express Kenya Limited. Trouble started at the firm when the firm lost its single largest and most lucrative beer transportation business after regional brewing giant EABL awarded the Ksh. 2.3 billion-a-year contract to its rival DHL. Its notable remaining…
CBK Maintains Benchmark Rate At 18%
The Monetary Policy Committee of the Central Bank of Kenya mandated to regulate monetary policy (the aim being to achieve stable prices, that is low inflation, and to sustain the value of the Kenya shilling) met yesterday and resolved to maintain its benchmark rate at 18%. The Central…
Yield On Treasury Bills Falls
Yesterday the weighted average yields fell for all securities on auction at Kenya’s Treasury bill auction with investors favouring bills with longer maturity periods. Yields on the benchmark 91-day Treasury bill were 16.340%, 0.388% lower than last week’s yields of 16.728%. The central bank accepted bids worth Kshs. 1.77 billion…
New VAT rates increase cost of life
Finance Minister Njeru Githae says he will table the troubled Finance Bill when parliament resumes on 17th of April. Githae said treasury and the parliament had agreed on everything except the additional revenue that the Kenya Revenue Authority (KRA) has collected from January 2012 to date. The…
Closing Bell 2/4/12
Gainers Price (Ksh) Change (%) Crown Berger Limited 27.75 6.73% Total Kenya Limited 13.90 5.30 TPS Eastern Africa Serena 49.00 3.16 CFC Stanbic Holdings 41.00 2.50% KPLC 14.85 2.41 Losers Price (Ksh) Change (%) Carbacid Investments Limited 10.70 2.73 Kenya Reinsurance Corporation 7.45 1.97 Sameer Africa Limited 3.75 1.32…
The Self-employed And The Unsteady Paycheck
Once upon a cup of coffee, a friend wondered what this ‘entrepreneurship’ rush was all about. Everyone is currently quitting their job and ‘going solo.’ Some are well prepared, and others, well, just like it happens with other fads, they are letting the tide carry them to whatever bank. Those…
Thika Super-Highway Robbed Me Of My Livelihood
Photo: Patience Nyange's Blog Alex Mbithi stands at a bus stop on Thika road on a drizzling April morning. In his hands is small box with sweets in it. The face he wears is that of a man who has given up in life, on such an early morning.
Of Flying Cars And Feeding An Entire County
The Americans are at it. Flying cars aren’t just science fiction anymore. A Massachusetts-based company, Terrafugia Inc. on Monday announced that its prototype flying car has completed its first flight, bringing the company closer to its goal of selling the flying car within the next year. The roadcraft, dubbed…
One Investor, Two Million Shares
2 million Marshalls East Africa Limited shares were traded in today’s trading session. The shares had a turnover of Kshs. 24,100,000 and the share price remained at the opening price of Kshs. 12.05. The shares were traded by one investor. Marshalls has franchises in KIA motors, Force motors and…
Shakespeare On Money, Friendships and Debts
William Shakespeare gave some sound money advice in one of his works, Hamlet. In the book, a father, Polonius, advices his son on how to conduct himself in the world. He speaks about life in general, but we are particularly interested in the friendship and borrowing part: Neither…
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