IMPORTANCE OF MEDICAL INSURANCE

Many people including me ignore or do not understand importance of taking medical cover but wait until you are admitted to hospital that your going to realise the full importance of it.With the current economy i bet your not in the position to be able to pay such a amount of the bill.With small amount of contribution on monthly or agreed time you are sure of the bill expenses when your sick.Most of the insurance are privately but also governments all over have run this insurance for its servants.it was this week that my dad was Hospitalise and if it was not for my Mam cover we could have not managed the size of the bill

THREE WAYS TO PLAN YOUR FUTURE

3 ways to plan for your future. Have you ever stopped and think of your life after you have retired or if u loose you job,Are you ready to face it or will catch you by surprise. Do you have a future plan,it his the right time now to start and plan for your future and hoping to use your children as future security.Many young peoples ignore this subject as if the event wont happen.it good to be optimist but also it is wise to face reality.below are three ways to plan you. JOIN PENSION SCHEME . Pension scheme is more identical to insurance it operates almost similar object.as for insurance it insures you or you property against any loss, which might happen or could fail to happen.with pension scheme you must be paid after the expiry of agreed date or after reaching certain age.if you die before the date you forks will benefit from it .Good the with in most countries they are tax excempted. ACQUIRE LAND OR CONSRUCT A BUILDING. With the increase in the population of people today in the world.it insert pressure to the housing and land increasing its demand pushing up prices.owning a land or building your assured of secure future you resale in future or rent it. BUY YOURSELF SOME SHARES. I was reading about this guy who invested $400 in 1985 into a bank.Twenty years later his shares were valued at $1 .8 million.stock market is complex mkt and you should study it carefully because sometimes it can be disappointment,but when studied well it is fruitful investment.THis are ony three of many way of securing your ruture.if you have other way please share by commenting this.

Undrstanding the stock market

Stock market is complex and hardly understood by many it is dynamic sector.before starting to invest at stock market you should look for enough information on the sector as a all and the company itself,that you wish to put your money on.many people fail because they invested on the wrong side at the wrong time.Information of the companies that are tradind at stock market can be found at the offices of stock brokers and the regulatory of the stock market exchange.Understanding of the terms used at the stock exchange market is the key to the suçess of the stock you will purchase.terms such as Authorised, Restricted, Float, Outstanding and unissued are commonly term at the sector.

Insurance firms in kenya have threaten to stop underwriting PSV

Association of Kenya Insurance have threaten to stop the underwriting of public service vehicles{matatus).in their statement they claim the level of risk exposure is high and insurance firms are no longer in the the position to post  profits.the study carried out by the association found out that there was huge number of fradelent claims in the PSV sector.
This comes as the insurance regulatory authorty placed blue shield insurance company under statutory management for failer to meet its financial obligation.this is sending alot of jitters to the sector.Before its placement under statutory management blue shield was the leading PSV underwritter.
The association is particular concern with the underwriting the mandatory third party PSV risk.Insurance firms unlike banking which have been posting good results the sector is experiencing a bad time this is caused by increase in road accident and fraud.this leads to the coolapsing of firms or recording some losses.

PRECISION AIR INITIAL PUBLIC OFFER ON DECEMBER 8

Tanzanian largest Airline Precision Air plans to offer its shares to the public throuhgt Initial public offer{IPO} at 8 december 2011.According to the Managing Director Mr Alfonse Kioko the IPO targets at raising between $25million and $30million which the the company want to use in it axpansion plan and acquiring more to meet it increasing customers.
Precision Air is owned by it rival Kenya Airways and Tanzanian bussines man Mr Michael Shirima with 49%and 51% stake respectively.both share holders have agreed to dilute their stake to 34.2% and 34.6% .Tanzanians have been allowed to buy 51%while the rest wiill be offered the East African members.Tanzanians had been accused by kenyans that they placed allot of reguirement for them before being allowed to acquire shares at Dar es Saalam Stock Exchange,but this time Tanzanians have welcomed the spirit of East Africa

KENYA AIRWAYS PLAN RIGHT ISSUE

The Kenya Airways(KQ) confirmed its intention of floating a right issue at the Nairobi Stock Exchange in announcements in Kenya dailies. The company plans raise additional funds to enable it in its expansion plan across Africa and the rest of the world it also plans to acquiring more planes. KQ is among the best airlines in Africa which are flying all over Africa. Among others airlines that are rated as the best include South Africa ,Ethiopia ,and Egypt. The offer awaits the approval at there annual general meeting and also the go ahead from the Capital market Authority(CMA)

The insurance regulatory authority(IRA) as täken over the management of the troubled Standard Assurance Company following the expiry of the statutory management tanure. Justice Muga Apondi has directed the managers to hand over the company to IRA which favours the winding up of the firm over the attempts to save the insurance firm from the collapse We wonder why could the regulatory wish to wind up the company while its assets stood at 611 .9 billion kenya shilling compared to the liabilities that stood at the 1.3 billion This comes as another Insurance company as been placed under statutory management.IRA placed Blueshield insurance under statutory management until the debt are fully adressed

USA GREDIT RATING BY STANDARD AND POOR'S[downgrading]

Standard and Poor's have just down grated USA Goverments credit rating from AAA to AA+.This as led to negative reaction on world stocks even after President assured investors that USA will not default it debt .USA goverment had been warned by rating agencies it must set a new borrowing limit.so that it could reduce it debt .
Standard and Poor's underlined that US has too much debt and weak economy.JAPAN has been downgraded by Moody's causing alot of panic in Asian market to this recovering nation from the effect of earthquake.
  In Europe Greece Spain Portugal  have been down graded and mast of them need to be bail out .and recently Moody's downgraded  two banks in France

the irony of europe bail out by other continents

Its really irony to be told most of the countries in Europe need a bail out.The emerging economies of Brazil ,Russia ,India ,China and south Africa are discussing possible aid to Europe hoping it will ease the global crisis.
this is happening as many analysts are concerned that Italy could be next Eurozone to fall with it enormous debt which stands at 120percent of GDP
For many years the rest of the world has been seeing as one of the economical powers and no one ever thought it economy will be shaken as it is happen now. our hope is that they find solution soon as the rest of continent will fell the pressure

KWEKU ADOBOLI (who is this man)?

the man beind the USB Bank fraud dealings as been adentified as Mr Kweku Adoboli Ghanaian man.who was charged with one count of fraud and two counts of false accounting.He is th e san of Ghanaian Unated Nations worker.he attended international schools.
I Ghana many regarded him role model to the youth of the country.But today Adoboli is known for the wrong things

UBS BANK LOSES 2BN IN FRAUD

Swiss bank UBS said that trader has lost about 2bn dollers in unauthorised dealingand warned it might post a lossin third quarter.
Authorities said Mr Kweku Adoboli was the person behind the fraud case and that he has been arrested at london and charged.This comes so soon after former Societe Generale trader Jerome Kerviel racked up a 6.7 bn dollers loss in unauthorised deals that was found in 2008

what is financial bill

financial bill is an act that is passed by a legislature to provide money for publicspending

WHAT IS BANK RESERVE

Bank reserve; This are money that a bank has available to meet the demand of its customers

WHAT IS BANK OVER DRAFT

Bank over draft; Borrowing from a bank on a current account repayable on demand

BANK RECONCILIATION

Bank reconciliation; this is a detailed statement reconciling at a given date the cash balance  in an entity cash book with the reported in a bank statement

WHAT IS BANK STATEMENT

BANK STATEMENT     This is information sent by bank to its customers listing transactions since the last date of preview statement