KCB Bank Full Year 2011 Earnings: My Analysis
December 2011 Millions Ksh
December 2010 Millions Ksh
Net Interest Income
23,286
19,645
Non Interest Revenue (NIR)
16,022
11,016
Total Operating Income (TOI)
39,309
30,661
Total Operating Expenses
24,179
...
The 100 Bob meal for 3
Our new office is located next to a mall- the Junction Mall to be precise, and thus eateries are in plenty. Dormans, Planet Yoghurt, KFC, Java House, The Phoenician, Art Caffe, Mediterraneo…the list is long. But, you may be aware, these are not exactly pocket friendly places to eat on…
New MPESA limits and tariffs: Is MPESA more expensive?
Safaricom, Kenya’s largest mobile network operator has introduced new rates and sending limits for its MPESA service. Under the new tariffs, users will be able to send as little as KES 10, and pay KES 3 per transaction upto KES 49. The upper limit per transaction…
NIC Bank AGM on 2nd May, 2012. Agenda
The fifty second Annual General Meeting of the shareholders of NIC Bank Limited will be held at the Kenyatta International Conference Centre (KICC) – Tsavo Ball Room, Nairobi, on Wednesday 2nd May, 2012 at 11.00a.m. The directors of the company will be seeking apporoval on the following items:…
'Nobody's claimed a refund from SMART Tv' say owners, Gov't
The owners of SMART TV will not face any legal action from the government as none of the collapsed broadcaster’s subscribers has raised any claims for compensation. Mohammed Nyaoga, the chairman of Transmex which owns Smart TV, said most of their subscribers were issued with the decoders for free in a promotion…
The Week Ahead: KNBS to release inflation information
The Kenya National Bureau of Statistics is expected to release February’s Inflation numbers on February 29th. Inflation slowed to 18.3 percent in January from 18.9 percent a month earlier, and is expected to drop even further this week, riding off the strengthening shilling.
Understanding Inflation, Interest Rates and the CBK
A couple of weeks back, when posting the CBK’s announcement on the Central Bank Rate, I could not remember when the Monetary Policy Committee had raised the Central Bank Rate to 18% so I turned to the person next to…
Does Pima Gas Make Economic Sense?
Are you a heavy LPG gas consumer or do you simply use it to make breakfast in the morning or warm up something once in a while? Premier Gas, a cooking gas dealer,…
Jeff Bezos – The Brains Behind Amazon
“Our vision is to be the world’s most consumer-centric company, where customers can come to find anything they want to buy online.”-Jeff Bezos In 1994, Jeff Bezos was already what many would consider extremely successful. The youngest-ever senior vice president at Wall Street investment…
Budget Friendly Valentine’s Day Ideas
Most of us are still recovering from the financially difficult month of January and the mere thought of having to spend money on Valentine’s Day is an absolute pain in the neck. However, expressing love through a gift doesn’t have to come in the form of overpriced roses…
Russell Simmons – Hip-Hopreneur
“My goal has been to present urban culture in its most true form to the people who love it and the people who live it.”-Russell Simmons Russell Simmons didn’t invent rap. But he did play a leading role in the music’s astonishing success. Like Motown Records…
The 5 Values Mark Zuckerberg Built Facebook On
In Facebook’s SEC filing there was a letter written by Mark Zuckerberg talking about the company. In that letter he outlined the 5 core values he built Facebook on, and plans to continue focusing on, as the company goes public. All 5 of these values can be taken…
How Much it Costs to Become President
With this year being an election year, both here and in the US, the local bars and rumour mills are rife with big numbers being bandied as to what the candidates will be spending. Unfortunately, unlike in the US, where the candidates are expected to declare what their…
CBK retains Central Bank Rate at 18%
The Central Bank of Kenya has decided to keep the central bank rate unchanged at 18% for the 2nd month running. In a press release following the meeting of the Monetary Policy Committee today, the Governor highlighted that the inflation rate had dropped from 18.93% in…
22Seven: South Africa’s own Mint.com & Money Munk
Last week saw the launch of 22Seven.com, a website that links with banks and allows the site’s users to track their expenses and see how, and where, they spend their money. The site, structured like America and Canada’s mint.com,…
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