Would You Freeze Your Embryo for the Sake of Your Career?
Are you a career driven woman whose focus is to climb up the corporate ladder and you don’t want any interruptions such as a pregnancy but would still want to have a child of your own in the distant future? Well you now have the option of embryo preservation. The…
Oil Discovery in Turkana
Tullow Oil Plc has announced that it has discovered oil in one of its oil wells, the Ngamia-1 exploration well. The company announced that it had encountered in excess of 20 metres of net oil per day in its press release. The well, located in Turkana County block 10BB,…
CFC Stanbic blames low Mortgage Application on High Interest Rates
CFC Stanbic Bank’s share in mortgage business dropped to eight per cent last year from 13.6 per cent in 2009 despite raising its mortgage book to Sh6.6 billion from Sh6.1 billion in the same period. The head of retail banking at CFC Stanbic Mr Elly Odhong says the bank attributes…
M-Pesa Systems Down
M-Pesa systems have been down since noon. A tweet from safaricom Limited said: “We are experiencing an outage on M-PESA affecting handset transactions. Teams are working to restore. Inconvenience is highly regretted.” I sincerely hope that the systems would soon be up and running, my lunch money is in my M-Pesa account…
What do Reducing Bank Interest Rates Mean?
Recently Standard Chartered Bank reviewed its interest rate on unsecured loans down from 23% to 19.9%. Last week, Barclays Bank followed suit and lowered the interest rates on some of its financial products. According to the Daily Nation, Housing Finance managing director Frank Ireri…
Saving Money on Your Parking Tickets
It is a prerequisite set by the City Council of Nairobi to pay a parking ticket anytime you park in the Central Business District (CBD) or in any other city council owned parking zones. There are three main different types of parking tickets available: Daily – KES 140…
TransCentury to issue KES 0.25 dividend for shareholders
TransCentury Limited, one of Kenya’s forefront companies in terms of investments in infrastructure projects with interests in East African Cables, Kewberg Cables, Avery Africaand operation of the Kenya-Uganda Railway Concession, announced its results for the financial year ended December 2011 on Friday 23rd March 2012. In his…
Deadline for Payment of Land Rates Draws Near
Nairobi property owners have 5 days left to pay their land rates or be liable to a penalty of 3% per month for any rates unpaid thereafter. Legal action has already been commenced on defaulters with a view to auction their properties to cover rates. You can check on how…
Cost of Electricity Set to Decline
The country is likely to see a gradual decline in the cost of electricity as a planned wind turbine project commences. The wind farm will contribute to the national grid and reduce reliance on hydro-electric power. According to the AFP, the construction of Africa’s largest…
Harsh Conditions for Telkom Bailout
According to the Business Daily, the Treasury has set tough conditions for its involvement in any plans to bail out telecoms operator Telkom Kenya. Top on the list of the demands that the Treasury is expected to put before its partners when the board meets next month to consider…
4th Pay TV Option to Join the Market
Samsung Electronics will soon join the Pay TV market in August this year when it unveils new LED TV sets that have built-in satellite decoders allowing viewers access to 60 channels for free (30 English and 30 French). This comes after Samsung signed a deal with satellite operator…
Closing Bell 23/3/2012
Top Gainers Price Change TPS Eastern Africa (Serena) 48.50 +7.18 Sasini Ltd 10.45 +4.50 Uchumi Supermarket Ltd 10.40 +4.00 NIC Bank Ltd 0rd 25.75 +3.00 Kenya Commercial Bank Ltd 22.25 +2.30 Top Losers …
Want To Cut Down Your Electricity Bill By 60%?
More Kenyans are realizing that they can cut down on their electricity bill by up to 60% through using solar water heaters with the number of users standing at over 75,000. So, how much would it cost to install a solar water heater in your residence?…
Kenyans Living Conditions To Improve
While opening the 4th Session of the African Ministerial Conference on Housing and Urban Development (ACHMUD IV) on Thursday, President Mwai Kibaki said that the government is making strides in addressing the slum menace in Kenya by establishing an all inclusive institutional framework for improvement of informal settlements.
TPS Serena Share Drops To New Low
TPS Serena today opened trading on the Nairobi Securities Exchange at Kshs. 45, 25 cents down from yesterday’s closing price of Kshs. 45.25. The share however rebounded quickly and jumped Kshs. 4 from the day’s low to trade at Kshs. 49. An important observation is that the Kshs.
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