Kenya's Economic Growth Forecast Cut to 4.3%: World Bank
Kenya's economic growth forecast by the World Bank has been cut to 4.3% from 5% . world Bank has attributed this cut to the effects of high lending rates.
Unregistered Phone Numbers to be Shut Down by January 2013
The Communications Commission has issued yet another warning to unregistered Sim Card users. By January 2013, the government-sanctioned team will shut down all non-catalogued cell phone numbers
S.A Bank Absa to buy Barclays' African Operations
South African bank Absa Group said on Thursday it will buy Barclays African operations for 18.3 billion rand (KES 176.8 billion). This, a statement from Absa says, is a move to finalize a longstanding plan to fuse the two company businesses in Africa, considered a fast-growing market.
KCB Slashes Base Lending Rate
KCB Bank has announced that it will be reducing its base lending rate effective in the new year. In a public statement via the Group’s twitter page, the bank says it will reduce the rate by 200 basis points to 17% down from the current 19%. This announcement has comes…
Additional SMS Bundle Plan from Safaricom
Following the recent withdrawal of Safaricom’s unlimited SMS plan, Safaricom has now introduced a third SMS bundle plan you can subscribe to. You can subscribe to 500 on-net SMS messages daily at the rate of KES 20 per day. This new SMS plan is in addition…
8 Things You Should Know This Morning
1. Samsung Pilots Paperless Learning in Kenya Local primary schools may soon shun the use of exercise books and blackboards after Samsung Electronics East Africa embarked on a pilot program geared at transforming traditional classrooms to multimedia teaching environments. In a development that could herald…
How Should You Respond to a Price Change by Competitors?
If, however, I am wrong, and a price war ensues; it will definitely not originate from Safaricom. This is because the market leader has nothing to gain from that. It is the other players who may try to fight for market share by lowering prices. Safaricom would then be on the defensive.
Why?
What Your SACCO Savings Can Do For You
So you started that Chama and have a little money. What should you do with it?
GOtv Plus Launched
GOtv has finally unveiled its long awaited new channel bouquet dubbed GOtv plus. The bouquet is available to subscribers in Nairobi at a monthly subscription rate of KES 849. Among the new channels available on the GOtv Plus bouquet are: SuperSport Blitz Nat Geo Wild MTV…
25 Days to Get Your Set Top Box, What’s Available?
Nairobi residents, and its environs, have up to 31st December 2012 to buy set top boxes or risk losing TV reception as the communications regulator (CCK) plans to switch off analogue TV signal in Nairobi. Once the signal is switched off on December 31st 2012, television…
8 Things You Should Know This Morning
Tomato prices are on the rise, Parliament has refuted plans to tax basic goods and the world's oldest dinosaur fossil came from Africa. All this and more on 8 Things You Should Know This Morning.
Power Up or Lose Out on Dividends
Our monitor of the listed media houses revealed one thing, that stock price matters. Nation Media Group closed at KES 228, up by one shilling while Standard Group closed at KES 22.75, up 25 cents. Relevance of the change in price can be spotted when…
Sanctions and the Polls: Make The Right Choice
Once upon a time, Zimbabwe was a great African nation. The people were proud, business was booming and life was generally great. President Robert Mugabe was legendary. It was referred to as the “bread basket” of sub-Saharan Africa. Then, one simple move changed all that; President Mugabe ordered the reclamation of white-owned farms.
Government Will Spend KES 437 Million, to "See" You
Soon, criminals will have nowhere to hide as the government installs CCTV cameras across various parts of the city. The surveillance system will go countrywide in 2013.
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