First And First Capital International Ltd

  A report by Knight Frank has revealed that Kenya’s super-wealthy individuals are increasing their holding of bonds, gold and cash.   According to the Wealth Report Attitudes Survey 2020, two-thirds of the wealth managers surveyed in Kenya report that their High Net Worth and Ultra High Net Worth clients increased their private equity investments, or plan to increase them soon.   The report found that the biggest increases in investments in the last one year was in equity investments through the stock market and in private equity investments to drive the growth of young businesses. The super-wealthy are also holding onto their investments in property and collectables, such as works of art. The report also found an exceptional rise in interest in action on climate change, with all surveyed wealth managers reporting that their clients were now more interested in climate change as a cause. This extended to their consumption, with wealth managers reporting that 27 per cent of Ke

  By Business Daily Absa Bank Kenya leads a group of large lenders offering the most expensive loans in the market, according to disclosures that rank small institutions as the cheapest providers of credit. A borrower taking Sh1 million personal secured loan for one year from Absa will incur a total credit cost of Sh143,007. The same loan size on similar duration at Sidian Bank will cost Sh140,807, Ecobank Kenya (Sh121,407), Family Bank (115,624), Standard Chartered Bank Kenya   (Sh115,000) and Equity Bank (Sh108,057). The ranking is based on tabulations of banks’ charges on the website developed by the Kenya Bankers Association (KBA) and the Central Bank of Kenya (CBK) to boost transparency and competition in the lending market. The data shows that interest rates charged by the 36 banks in the database range from 11 per cent to 13.63 per cent, with the variations in the total cost of credit-driven largely by differences in non-interest charges. Top 10 most expensive lenders

  A growing evidence base shows access to and use of information and communication technologies (ICT), particularly mobile phones and the internet, can yield socio-economic benefits, and particularly in developing countries.  At the country level, access to digital technology can help boost gross domestic product (GDP) through job creation and greater productivity. Emerging markets in developing contexts can benefit from 1.2 per cent more GDP for every 10 per cent increase in mobile penetration. At the micro-level, certain studies have identified a positive relationship between income generation, owning a mobile phone, and internet use. However, despite the big opportunities that digital technologies can bring, not everyone is benefiting equally. There is a gender gap in terms of ICT access and use, with women and girls at the bottom of the economic pyramid being disproportionately affected. Recent data by the International Telecommunications Union (ITU) suggest that, on average,

  The first mobile phone invented for practical use was by a  Motorola  employee called Martin Cooper who is widely considered to be a key player in the history of mobile phones. From ‘80s menhir-like “brick phones” to the iconic Nokia handsets, these are some of the phones that pushed the boundaries of what was possible and paved the way for today’s smartphones. 1985: Motorola Dynatac 8000X Known in the industry as “the brick” and visible in many scenes of the 1987 movie Wall Street, the Motorola Dynatac 800X was the first handheld mobile phone and loudly announced the beginning of a new era. 1992: Nokia 1011 This is the world’s first mass-produced phone that used the new GSM digital standard. Nokia 1011 was ‘available in any colour, as long as it’s black. Specs included a monochrome LCD screen, extendable antenna and a memory capable of storing 99 phone numbers. 1996: Motorola StarTAC The most expensive and desirable phone on the market at the time of its release. The

  To invest is to allocate money into financial schemes, shares or property in expectation of some benefit in future – usually referred to as return. There are different types of investors that exist globally. In the modern-day, you are advised to always invest your money and not save for better returns. Here are 10 investing secrets that will help you grow – rich-wise and wealthy-wise; Live below your means This simply means staying out of debts and also cutting unnecessary costs. If you don’t cut down on your costs, you will not have money to invest. Costs In the investment world, ‘cost is the only that matters’. When looking to invest, always consider these three factors which should be low or below average; ·          The fund’s expense ratio:  I ts operating costs, such as the fee paid to the manager, taxes, legal expenses, and more ·          Turnover:  how often a fund’s assets are traded; the higher the turnover, the higher the transaction costs associated wi