Nairobi Residents To Pay More For Water Starting July
An extra blanket is not the only thing you will require this July. You might need to put some more money in your monthly budget for Nairobi City Water and Sewerage Company. Word is that the water company is going to revise not just the tariffs, but also the monthly…
Isn't Konza Just Another Village in Ukambani?
Konza is a small Kenyan town in Machakos District (County) approximately 160 kilometres from the green city in the sun, Nairobi. Under the old constitution, Konza was in Kitumwa Location of Central Division of Machakos District. Prior to last year, no one quite trained their attention on Konza…
M-pesa Turns 5
What were you doing when you were 5? I was probably running around the house much to the annoyance of my parents, falling off my bike or falling off a tree. Largely, falling, breaking things and crying a lot is what a typical 5 year old does.
Faulu's deal on Interest Rates
Faulu Kenya’s Faida Fixed Deposit account holders will be earning high interest from 13% over a period of time. The product that targets individuals, chamas, companies and churches has a fixed minimum deposit value of Kshs 5,000. The beauty of this product is that you get to negotiate the interest…
Which 3G Option Is Most Affordable?
Now that Airtel joins Safaricom and Orange in the 3G network we are spoilt for choice when it comes to fast internet connectivity. Which among the three has the most affordable rates? Unlimited Internet Bundle for 1 day Airtel and Safaricom are the only 3G providers…
Co-op Bank Set to Enter South Sudan
The Co-operative Bank of Kenya is the third largest financial services provider in Kenya (by market value) and it has total assets to the tune of Ksh 144 billion (US$1.76 billion) making it a success story of the Kenyan co-operative movement. Established in 1965 as a co-operative society it…
NIC Drops Mobile and Internet Banking Access Fees
NIC Bank has dropped all access fees for its mobile and internet banking services. The introduction of mobile banking brought about a lot of convenience. However the cost that came with it in terms of charges like monthly charges made it costly. The mobile banking services offered by NIC include;…
Trading at the NSE Drops 30% in Wednesday's Trading
Trading at the Nairobi Securities Exchange dropped by 30% in yesterday’s session. This comes in the wake of the normalcy returning to the market after the stock exchange was hit by a power blackout, frustrating investors and stock brokers alike. Yes, even the Nairobi Securities Exchange suffers from blackouts!…
The Richer, The Poorer: Are Rich Nairobians Making Us Poor?
Is it possible that the rich are putting too much pressure on the non-rich, driving the country to the edge of spending more money than it actually has? According to Robert Frank in his book, Luxury Fever, our attempts to keep up with the rich folks…
Mortgage Market to Grow
Central Bank of Kenya (CBK) Governor Njunguna Ndungu has called for the widening of the local mortgage market to deal with the rising demand for housing. A study by CBK and the World Bank in June 2010 on mortgage finance in Kenya reveled that the market…
What Financial Lessons Do Others Learn From You?
“Experience is what you get when you didn’t get what you wanted. And experience is often the most valuable thing you have to offer.” – Randy Pausch Experience is the best teacher and at most times we tend to learn from the financial mistakes or achievements of others. This…
NSE to list on the NSE
The Nairobi Securities Exchange is in the process of demutualization. In fact, efforts to demutualize have been going on since 2005. A study carried out by the Financial Services Advisory arm of KPMG titled “NSE Demutualization Study” lists demutualization as a trend in the world…
Two Can Pay The Rent
If there is a thing Nairobi’s culture has refused to embrace, it is the culture of a roommate. Having a roommate has been largely an American way of living. Most people in Kenya will prefer to work harder to at least afford the whole cost of renting an apartment,…
Paying your Taxes might Just be Illegal
Parliament is in a tussle with the government over passing of the Finance Bill 2011. The government has differed with parliament over, among other things, the capping of bank interest rates. Failure to have the Finance Bill passed by parliament essentially makes it illegal for government…
M-Pesa Revises KPLC Postpaid Bill Payment Charges.
Unlike in the past when your PostPaid electricity account was updated in 48 hours of payment via M-Pesa, you account will now be updated in approximately one hour. M-Pesa has also introduced new PostPaid electricity payment charges. To…
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