A Company Rises: Britam’s Early Years
Britam's started by selling insurance door to door for premiums as low as 5 shillings to industrial workers. Every record was hand-written, moving the company to hire people whose sole purpose was to retrieve client data from the mountain of records. Amidst such operating difficulties, Britam weathered the storm to grow into the East African powerhouse it is today.
October Was a Really Tough Month
We can all agree that October was a financially demanding month for most Kenyans; and the Kenya National Bureau of Statistics (KNBS) backs us up on that. The Consumer Price Indices (CPI) increased by 0.43 per cent to stand at 132.46 in October 2012 from 131.89…
Banking Sector Grows in 3rd Quarter
The Kenyan Banking Sector has shown continued growth in the 3rd quarter that ended September 30th 2012 compared to 2nd quarter. According to statistics from the Central Bank of Kenya, the sector continued to register improved performance with the size of assets…
Stocks We Are Watching Today
A quick look at the counters we will be watching today.
8 Things You Should Know This Morning
1. KES 5 Billion Deal To Boost Electricity Supply in Nairobi A Spanish company has been awarded the Sh5billion substation power project which will allow the transmission of electricity imported from Ethiopia and the Lake Turkana wind project into Nairobi. The project is expected…
A Kenyan Look at Hurricane Sandy and African planning
Hurricane Sandy might not have been the most powerful hurricane to hit the Americas (Central and North America), but it was after its own records. It was the largest hurricane by diameter, covering 1,800 kilometres. That’s the distance from Mombasa to Kigali, through Kampala, with 200 kilometres to spare, all under one storm.
Numbers Don't Lie: Last Week of October [Infographic]
Last Week of October…
I&M Bank Drops Mortgage Rate to 16.5%
I&M Bank lowers its mortgage rate, becoming the country's second most affordable housing lender.
The Stock Market Today
The day was greeted by decreased performance on both indices in the Nairobi Securities Exchange. The points took a beating with the NSE 20-Share Index closing at 4133.28, around 14 points lower than yesterday. The All-share index followed suit having closed at 91.28, down 0.39 points. …
KQ Passenger Numbers Drop on Domestic Routes
Kenya Airways carried lesser passengers on the local routes in the 2nd quarter of 2012 compared to the numbers it achieved last year in the same period. In a statement released today, on the domestic front, capacity reduced by 9.6% compared to similar period last year. The national…
The Other Turkana Crisis
The LTWP could produce 9% of the country's energy, from clean energy. Yet, since 2009, Kenyans have been taken round in circles and taxpayers money seems to be going into a black hole. Just what is happening in Turkana
Standard Chartered Bank Chairman Steps Down
Standard Chartered Bank has announced today that its Chairman, Wilfred Kiboro, has stepped down from serving as the bank's board chairman
Music Copyright License Fees Go Up 11%
The Music Copyright Society of Kenya (MCSK) has increased all public performance fees license fees by 11%. The rise of this fees comes with effect to changes in the consumer price index (CPI) for the period between 1st October 2011 and 30th September 2012.
Money,Is It a True Measure of Success?
Today's youth have largely been described as restless. Compared to the other generations that came before them, the millennial, as they are known, seem to always be on the move. Something they fondly refer to as hustling or the paper chase. A perpetual pursuit of financial success.
But money can't really be the epitome of human achievement, can it?
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