Chase Bank Kenya Makes KES 602M After Tax in 2011
Chase Bank has reported a 58 percent increase in profit after tax from KES 381 million in 2010 to 602 million in 2011. Corporate Social Responsibility has been very high on the Bank’s agenda following a donation of KES 30 million toward the…
Got a Spare Room? Get Some Spare Cash
Living in Nairobi for the single person is not an easy thing, especially when it comes to finding housing. Most decent housing in middle and upmarket areas such as South B, C, Kilimani, Kileleshwa and Westlands is built with families in mind, and thus the single renter either has…
The Tale of A Young Man and A Ditch
An old man, walking along a country road, came upon a fellow digging a ditch. The ditch digger was a young man, well muscled, and seemed like one that had become accustomed to manual labour. He was sweaty, tired, and dusty and looked like he had been digging…
Closing Bell 28/3/2012
Gainers Gainers Price Change Uchumi Supermarkets 12.05 7.11% Housing Finance 14.55 3.93% National Bank of Kenya 18.90 2.72% AccessKenya Group 4.10 2.50% Barclays Bank of Kenya 12.35 2.49% Losers Olympia Capital Holdings 3.35 9.46% TPS (Serena) Eastern Africa 45.00 7.22% Total Kenya Limited 15.25 4.39% Eveready East Africa…
M-Pesa Prepay Safari Card V/S Orange Money Visa Debit Card
M-Pesa and Orange Money have both expanded their money transfer services to include a visa debit card. M-Pesa has partnered with I&M Bank to expand the M-Pesa usage through offering the M-Pesa Prepay Safari Card, an…
Too Old To Live With The Folks?
Last weekend, there was a very interesting debate on the spending culture of Kenyans, initiated by @MediaMK on twitter. It questioned the decisions many a Kenyan will make, trying to keep up with a lifestyle they cannot afford in order to sustain a status quo. Just as previously discussed…
NSE – FTSE Indices to be broadcast live
On Monday 26th March 2012, the Nairobi Securities Exchange announced that, in cooperation with FTSE, a world-leader in the provision of global index and analytical solutions, the delayed index values of the FTSE NSE Kenya 15 Index and the FTSE NSE Kenya 25 Index are now available on…
Learning To Invest Early in Your Life
Financial stability and sustainability is every ones dream in the world. People talk about investment and the idea of having their money work for them quite often. But how easy or how hard has it been for people to start making this move? Majority of young…
Experts Warn Kenyans Against The Turkana Land Rush
Some Kenyans are cynical about the latest discovery of oil in Turkana, but others are undeniably strategizing on how to make a killing out of it. Land experts have warned Kenyans who are thinking of buying land in the area, saying that no one has a specific title for land…
Do You Trust Your Shopkeeper?
When was the last time you went to your local shop, bought bread and counted change? Has it ever crossed your mind that maybe the shopkeeper is making a killing out of your laxity? Say for instance, he notices that you do not confirm the change, and he decides to…
Lenders to Benefit from Accessible Borrowers' Information
Sharing of information about borrowers and their repayment habits has a significant impact on efficiency and expansion of the credit markets. Speaking at the launch of the second phase of the Credit Information Sharing (CIS) project, Central Bank of Kenya Governor…
Living Better Means Living below Your Means – Part two
“A man with one watch will always know the time; a man with two watches will always be in doubt.” – Unknown Thanks guys for the positive response we received on our previous post: Living Better Means Living below Your Means. Now I want to…
Total Kenya Limited share rises by 10%, may fall soon.
Yesterday the Total Kenya Limited share rose by 10% to 15.95 Ksh per share having opened at 14.50 Ksh per share. Analysts state the reason for this could be the statement Total Kenya Limited released to its shareholders to clarify on its suspension from trading with the…
Taxman Refuses to Return Illegally Collected Taxes
Kenya Revenue Authority (KRA) has been collecting taxes from January without a legal basis to do so. This came about as a result of former finance minister Uhuru Kenyatta withdrawing the Finance Bill from the house. KRA has been collecting taxes on the back of …
Total Kenya Limited records a Ksh 71 million loss
Total Kenya Limited has today reported that it made a loss of Ksh 71 million for the full year ended December 2011. The largest oil marketer in Kenya blamed this loss on price controls and inefficiencies in the supply chain. The loss is a stark contrast to the Ksh 916…
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