11 to 20 of 25
The annual general meeting of Unga Limited that is listed at the Nairobi Shares Exchange had some discussions on land sales, usage of GMO foods, impact of the upcoming Kenya elections, and of course - SWAG. Read more at Coldtusker's blog.
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This week saw the launch of what is likely to be a revolutionary mobile phone product called M-Shwari. It comes from two long term partners - Kenyan mobile company Safaricom, well known for it's world famous mobile money product - MPesa, and a local bank, the Commercial Bank of Africa (CBA) who have been custodians of M-Pesa funds for years
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@mankangwafo visits the world's newest country - South Sudan
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The last two weeks has seen a few signals on what seems to be untapped tax resources available to the Kenya Government from the real estate sector. During the recent controversial debate on taxation that ended with a move by parliamentarians to raise their own salaries, the issue of a capital gains tax on land & property was discussed, but set aside.
Despite that setback, the Kenya Revenue Authority has issued three notices in rapid succession.
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A few years ago, the Government proposed announced a plan to utilize unclaimed dividends for first proposed - targeting these dormant funds and have them added to an existing (CMA) investor compensation fund
Shareholders of listed companies duly approved these changes into their company rules, with a bit of debate at more than a few companies annual general meetings (see Diamond Trust 2008 AGM)
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A Homes expo took place last weekend at KICC. Around that, other real estate matters include:
Mortgage rates down: The launch of the quarterly HassConsult property report showed that the average mortgage interest rate in Kenya is now 19%, down from 22.5% three months ago.
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On Tuesday, after a day of street protests
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A comment from @Roomthinker this morning led to this old post from five years ago on the autobiography of the late Mandatally Manji, an Asian-Kenyan who founded the House of Manji and which he built into the largest biscuit company in East Africa. Read more.
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Some local merger activity of note
Barclays of UK and South Africa's Absa Group are in talks to merge their African operations - but this is not really new as the plan was set in motion six years ago.
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