A Laptop worth KES 83,230,000
This is the answer given by a Rolls Royce salesman to a potential customer who inquired the price of a car: “Sir, if you have to ask then you cannot afford it. I am sure that the edition will be sold out even before the launch and they,…
Kenya Airways Rights Issue Taking Off
In a research note sent out on Thursday by Dyer and Blair Investment Bank, Kenya Airways say that they have received commitments for 70% of the shares on offer in its on-going rights issue. Majority shareholders Dutch airline KLM (26%) and the Government of Kenya (23%) had…
Coop Bank Services Now Available on Yu Cash
yuCash, the mobile money service of yuMobile, has entered into an agreement with Cooperative Bank that will enable its subscribers transfer money to any Cooperative Bank account through their registered yuCash lines. The partnership is expected to extend convenience for individuals and small businesses who rely…
Excess Free Insurance Package For You
Kenya Orient Insurance company has a new product for its clients which might just interest you. This is the Orient Motor Pack, an EXCESS FREE package that combines Motor Insurance with Personal Accident including 24 Hour Rescue and Emergency Services. This package also comes with a Nil…
Got a Chama? Get a Financial Pro to Help
Local investment groups popularly known as ‘Chamas’ are playing an increasingly visible and crucial role in the economy and as such need to adopt modern investment practices. Two top financial executives have advised such investment groups to seek professional support in identifying and exploiting emerging economic…
Money Talk Friday – The 'Hustler' Mindset.
I was sitting on the garden benches in campus one afternoon with a friend having a lazy chat, the assignment rebellion type. I needed airtime to make a call but as it were I was feeling lazy. “I need airtime, but I cannot go to the shop.” “Credit ya how…
Family Bank to list on the NSE
image from www.familybank.co.ke Family Bank is seeking to list at the Nairobi Securities Exchange. The bank started as Family Finance Building Society in 1984 with the vision to serve the needs of the mass market which had been ignored by the mainstream banks. Over the years it…
Inflation Drops to 15.61%
Measures taken by the Central Bank of Kenya to lower inflation rates are paying off significantly. KNBS announced this morning that the inflation rates for March 2012 stand at 15.61%, a decline from 16.69% in February 2012. The food prices have increased by 20.3% with the price of 500 ml…
Jubilee Announces Results: Net Profits Increase By 4%
Jubilee Holdings Limited has released its audited financial results for the year ended 31st December 2011. Shareholders will be happy to hear that the company posted growth on almost all fronts with net insurance premium and revenue increasing from Kshs. 5,360,136,000 in the previous period to Kshs. 7,341,996,000 representing growth…
ScanGroup to expand further into Sub-Saharan Africa
According to the Business Daily, marketing services firm ScanGroup has planned acquisitions in Nigeria, Angola and Mozambique by year-end as it seeks to serve multinational clients in diverse markets. The company intends to buy controlling stakes in marketing firms in the three countries to give it…
Its Cheaper To Pay Your Postpaid Electricity Bill Through Airtel Money and Yu Cash
It’s Cheaper to Pay Your Postpaid Electricity Bill through Airtel Money and Yu Cash M-Pesa recently revised their electricity pay bill rates upwards making it the most expensive electricity pay bill option in Kenya. Orange Money on the other hand has a standard rate of KES 30 for any amount…
Dressing and De-stressing: Nancie Mwai's Market Friday
We don’t always have time to go shopping at thrift markets, or money to buy items from pricey clothes shops in town. PesaTalk being all about helping you save a shilling found you a place that will dress and de-stress you! Kenya’s most respected fashion blogger, Nancie Mwai,…
Tweeting All The Way To The Bank
(This post is part of our ongoing research into Making Money on the Internet. Keep reading for more. ) Twitter, oh glorious Twitter. It’s home to the funniest of the funny, the sagiest of the sage. All served in bites of 140 characters. For…
The Cost of Going Digital
The ministry of Information is in talks with Treasury to ban importation of the analogue television sets by June this year. The move is aimed at effectively paving way for digital television sets as Kenya fast tracks the migration of its TV programming from…
Closing Bell 29/3/2012
Gainers Price (Ksh) Change (%) TransCentury Limited 22.00 6.02 Kakuzi 79.50 4.61 Eveready East Africa Limited 1.50 3.45 Unga Group Limited 9.30 2.76 Sameer Africa Limted 3.90 2.63 Losers Price (Ksh) Change (%) Sasini Limited 10.75 4.44 Tatal Kenya Limited 14.65 4.25 AccessKenya Group Limited 4.00 2.44 Bamburi Cement…
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