BY NBM CORRESPONDENT Investing in the capital market just got easier after Pan Africa Asset Management launched the lowest priced unit trusts in the market. For just Sh2,500, you can invest in any of its three unit trusts and start earning quarterly interests. Pan Africa Asset Management (PAAM) said the facility targets Kenya’s largely non-saving population. “The average Kenyan does not have much appetite for investment which is why we have given them something to whet that appetite,” said PAAM CEO Kennedy Mureithi. “Essentially, we are targeting the common person, but we also expect that the big money will come…
Author: Editor
The Capital Markets Authority (CMA) on December 19th granted Kestrel Capital (East Africa) Ltd a license to operate as an investment bank. Kestrel Capital will offer advisory services on public offering of securities, corporate financial restructuring, takeovers, mergers, acquisitions and privatization, corporate financing options including issuance of equity or debt securities or loan syndication. The bank will also offer advisory services on promoting or arranging or issuance of securities and providing investment advisory services. This follows an increase in issued and paid-up share capital from Sh100 million to Sh250 million by the previously licensed stockbroker. In addition, Krestel has complied…
BY Zawadi Mudibo Property ownership, whether solely or in concert with others, is a dream nurtured by many. Such aspirations are especially higher today, thanks to the ever-increasing value of real estate in Kenya. Online property portal, Lamudi says, “…the commercial space in the capital of East Africa’s economic hub Nairobi has been flooded as many developers are looking to tap into the market. Whether it is for renting or buying, the commercial space has experienced a boom in the capital.” However, not everyone has the luxury of simply approaching a real estate agent and purchasing property or undertaking property…
Seventeen players in the real estate were feted at the inaugural East African Property Awards held late November. The awards saw 90 submissions from 20 categories. “The idea was inspired by the need to celebrate our very own who have surmounted numerous odds to keep the sector on the move. We are happy to have also used the platform to congregate various players to exchange ideas on the sector’s future prospects,” said Rita Oyier the Managing Director of the East Africa Property Awards. The event attended by Principal Secretary, Ministry of Lands Housing and Urban Development Mariamu El Maawy, reflected…
At only 21, Charlotte Magayi, a personal shopper, runs a successful body-wear business in Nairobi. Her company, Harmys, has carved a niche market among Nairobi’s middle income earners seeking a stylish and decent imagine without breaking the bank. Ms Magayi is pursuing a business administration course at Kenyatta University as she builds her business into a serious clothes retailer. She talked to LYDIAH WERE on the highs and lows of business, fashion, and the strength of a woman. What’s your business all about? I wear two hats. First I am a personal shopper. Personal shopping entails sourcing products that…
LYDIAH WERE Microsoft launched the Lumia 535 in the Kenyan market on December 16 2014, the first device since the software giant acquired the Finnish handsets maker, Nokia, not to bear the latter’s brand name, marking the beginning of the end for the iconic mobile handset name in the high end segment of the market. Microsoft has the right to use the Nokia name for 10 years, but recently announced that it would no longer use the brand on its smartphones. The removal of the Nokia brand applies to smartphones only, and not so called “feature” phones such as…
LYDIAH WERE Microsoft launched the Lumia 535 in the Kenyan market on December 16 2014, the first device since the software giant acquired the Finnish handsets maker, Nokia, not to bear the latter’s brand name, marking the beginning of the end for the iconic mobile handset name in the high end segment of the market. Microsoft has the right to use the Nokia name for 10 years, but recently announced that it would no longer use the brand on its smartphones. The removal of the Nokia brand applies to smartphones only, and not so called “feature” phones such as…
The team of Egerton University graduates who came up with a mobile-based web application that allows youth to access campus news on their mobile phones won the 2014 Safaricom Appwiz Challenge. Now in its second year, the Appwiz is an annual challenge that seeks to identify and develop mobile technology based companies. The winning solution, named Magazine Reel, compiles news stories and notices from university administration campuses and presents them in an easy-to-read format. “While there are many people who still wait to watch the news every evening and read newspapers every morning, studies have shown that there are many tech-savvy youth…
BY PETER WANYONYI Digital crime is on the increase, as the ubiquity of digital devices and the ease of connectivity dumps ever more devices and gullible users on the internet. Everyone and everything is getting online – from fridges to cars to eyewear to wristwatches and heart monitors. The connection of all manner of devices to the internet and to each other creates new risks– from the risk of losing data to data pirates, to the risk of being shut down by malicious hackers. To understand how to face these challenges and mitigate them, IT professionals…
BY ZADOCK MALIKA Casual dress emphasises comfort and personal expression over presentation and uniformity. It includes a very wide variety of styles. Smart casual is an ill-defined dress code that is generally neat yet informal attire. The locality, type of event, context or culture determine the various interpretation of the dress code and therefore the designating of certain clothing pieces as smart casual is disputed – for example, jeans. Menswear is typically broken down into different groups, identified by names such as formal business, business casual and casual.