NCBA Bank has partnered with Tatu City to provide mortgage facilities to house buyers at the Kiambu County-based mixed-use property development. Under the deal, the lender will provide prospective homeowners with options including plot purchase, construction financing, buy and build loans, equity release and closing costs. The mortgage financing will be available for both salaried and non-salaried individuals, is expected to be at an interest rate of 13.0 percent with a minimum deposit rate of 10.0 percent of the property value. Buyers purchasing land within the Tatu City project will receive up to 70.0 percent financing with a repayment period…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Nairobi Stocks Exchange (NSE) has issued an extension to the suspension from trading of Kenya Airways shares for an additional six months with effect from October 4, 2020. “Notice is hereby given on the extension of suspension from trading of Kenya Airways Plc shares,” NSE said in a statement. The extension will allow the conclusion of the airline’s operational and corporate restructuring and its nationalization following the publication of the National Management Aviation Bill, 2020, on June 18, 2020. The Capital Markets Authority (CMA) approved the suspension pursuant to the Capital Markets Act and regulation 22. The Kenyan government owns…
In order to facilitate the construction of the Nairobi Expressway, Kenya Power has commenced the relocation of its existing electricity infrastructure at a cost of KSh1.08 billion. The utility company said the cost will be met by the Kenya National Highways Authority (KeNHA). The power lines to be moved are between Mlolongo, Mombasa road and James Gichuru road will pave way for construction of the 27.1-kilometer-long Nairobi Expressway. The scope of work will involve the relocation of a combined 106 kilometrers of high voltage (66kV), medium voltage (11kV), and low voltage cables as well as 28 transformers serving the area.…
Low-cost carrier Jambojet has launched a brand campaign called “Now Travel Ready” to encourage air travel as Kenya begins its Covid-19 recovery process. “With the launch of this campaign, we want to show our customers the new normal of travel. From the moment they leave their home, to when they get to the airport, arrive at their destination, the hotels they can stay at and the measures in place, as well as the activities they can take part in,” said Jambojet head of sales and marketing, Titus Oboogi. Jambojet resumed operations to five local destinations in July after the Government…
Safaricom has been included in the sixth 2020 Fortune Change the World list which recognises companies that have had a positive social impact through activities that are part of their core business strategy. Fortune’s Change the World list is built on the premise that the profit motive can inspire companies to tackle society’s unmet needs. Safaricom, East Africa’s most profitable company, was ranked 7th for its role in transforming how people in Kenya are paying for, and accessing healthcare through M-Tiba which is a partnership with CarePay and PharmAccess. “In 2015, Safaricom and startup CarePay launched M-Tiba, which offers phone-based…
President Uhuru Kenyatta extended the 9 pm-4 am nationwide curfew and other containment measures until September 29. In a statement on Monday, Head of Public Service Joseph Kinyua said President Uhuru Kenyatta will issue new guidelines Tuesday after a scheduled National COVID-19 Conference to be held on Monday, September 28. “The National COVID-19 Conference will be presided over by his excellency the President on Monday, 28th September 2020, and will feature participants from the entire spectrum of our national life. This pivotal conference is tipped to be a turning point in Kenya’s fight against the novel coronavirus Disease,” Kinyua said.…