International Oil Prices Drop, Shilling Depreciates, What Next For Fuel Prices?
The observed drop in international crude oil prices may result in a drop in fuel price, though weakening of the shilling could counter this drop and balance things out.
Why Konza City Could Work
It’s been widely covered by technology journalists, opinion writers, and bloggers. It’s Konza city, and this city will be at the centre of the “Silicon Savanna” concept - not so much location - that many have of Kenya at the moment. The real estate bubble is rather large already, and the booming ICT sector is fuelling it. KES 588 billion is an enormous sum to foot up for such an ambitious city.
Yet it just might work.
Express Kenya-Amadeus Deal Promises Cost-Effective Customer Service
Travel technology meets clearing and transport services when Amadeus partners with Express Kenya. The two firms have promised to make it more convenient for Kenyans to move cargo.
8 Things You Should Know This Morning
1. Equity Reports 58% Growth in Pre Tax Profit Equity Bank has reported a 58% in growth of profit before tax in its 3rd quarter result for the 3 months ending September 30th. The Bank reported a profit of KES 10.9 Billion in the 3rd quarter…
Equity Bank vs Kenya Airways: Corporate Action Consequences
Performance in the Nairobi Securities Exchange was generally down after a feisty start to the day. The NSE 20-Share Index closed at 4113.96, down 0.56 points from yesterday. The All-share index followed suite closing at 91.36, down 0.08 points from yesterday. This basically means that the combined performance of gains…
3 Steps in Creating That Perfect Budget
A budget is a necessary evil. You can’t effectively manage your finances without one. Having said this, sticking to a budget is another issue. Most of us find ourselves constantly deviating from our budget with the problem probably lying in our spending’s, but then again you might have formulated a budget that doesn't quite cover your financial obligations effectively. Here's a simple 1,2,3 of creating a budget.
Excess-Free Motor Insurance
Kenya Orient promises no excess charges on material damage claims.
Equity Reports 58% Growth in Pretax Profit
Equity Bank has announced a profit before tax increase of 58% netting KES 10.9 billion in the 3rd quarter riding on high customer deposits and low interest paid on deposits.
76% of Kenyans Understand the Importance of Saving Their Money
Latest MasterCard survey reveals that 76% of Kenyans commit to increase their savings in the following 6 months mainly motivated by unforeseen emergency expenditure. Only 46% have calculated the total amount that they would need to retire with in order to maintain their lifestyle after retirement.
The Stocks We Are Watching Today
The 20-share index took a beating yesterday as it closed at 4124.53 points. The All-share maintained improved performance and closed at 91.44 points. We shall focus on Equity Bank and Kenya Airways. Both listed companies are to make an announcement on their results thus far and it could lead to…
M-Pesa Loophole Remains Unsealed
. In addition to buying yourself data bundles, the service allows you to purchase bundles for other subscribers using your M-Pesa account.
And that’s where the loophole lies.
Selling Kenyan Culture at The Lamu Festival
The Kenya Tourist Board believes that this event will help boost earnings for the sector. It will give artists and performers a chance to market as well as sell various aspects of their cultural heritage.
Getting Your Retirement Money Long Before You Retire
You don't have to wait for retirement to withdraw your Pension Plan. You just have to be ready to deal with the taxes.
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