UNCLAIMED FINANCIAL ASSETS LAW(UFAL) 2011... In december of 2011 Kenya president Mwai Kibaki passed into the law the bill of unclaimed financial bill of 2011 . The law provides a legal framework for dealing with unclaimed financial assets. Did somebody in your family passed away but you did know that she/he had invested in stocks of certain company, you will have a chance to claim it through unclaimed financial assets authority. It believed that there are more than 200 billion of unclaimed assets held by banks and pension and insurance firms. The fund accumulated will be used by government until its reguired by the owners or the next of kin. This assets include money orders, cheques, drafts, demand and savings also include endowment insurance policies or annuties ownership of shares, stocks, or interest in a business assets also uncollected pension funds held by national security insurance funds. Although to date the minister for finance has no appointed those to sit in authority six months after the bill was passed. kenyans should be educated on the proçess they have to follow to shorten the inguiry of the late assets

LONGHORN PUBLISHER LISTED BY INTRODUCTION: Longhorn publishers shares started trading today at Nairobi Securities Exchange, with an introduction as mode they choose to trade their shares. many companies have opted to trade there shares in introduction manner rather than IPO way. The introduction price was kenya shilling 14 but price rose to Ks20. Longhorn will be the first publishing company in kenya to be listed at securities market. Longhorn made a profit of ks136.3m an revenues of ks1.1billion for the year ended 21 2011. The company specialises on primary school text books which contributes upto 60% of its revenues. Introduction gives the existing shareholders chance to sell their shares. A company will not introduce new shares hence it cheap to trade by introduction not initial public offer.

Official Google Blog: Supporting Innovation in African News

Official Google Blog: Supporting Innovation in African News

EUROZONE CRISIS MELTS ITS LEADERS. Nicolas sarkozy joined growing number of world leaders that been forced out of office because of euro crisis, they blame their leader for doing little to evert the economic crisis.on sunday france voted out sarkozy who was intrumental in euro. In greece the socialist pasok party saw an unexpectedly poor result while syriza which has opposed austrerity measures, had a strong performance.the result has cast doubt on whether the country`s policies that currently include spending cuts, tax increases and state job losses can continue. Infact many greeks are getting frastrated and want there leaders to pull out of euro zone. In italy there prime minister resign after its economy show no sign of improvement. Portugal, spain, and holland its has been downgraded several times. The big question now among must euro citizen is that was it wise in the first place.

MODE OF PAYING DIVIDENDS BY FIRMS 1.CASH AND BONUS ISSUE .firm pays cash dividends when they have adequate liquid funds.shareholders are given cash based on their shareholding percentage.Bonus issue involves issue of additional share for free instead of receiving cash to excisting shareholders in there shareholding proportion. 2.STOCK REPURCHASE. Company buys back some of its outstanding shares instead of paying cash dividends.if some outstanding shares were repurchased, fewer shares would remain outstanding. This would result in increase in market price per share. So that capital gains are substituted for dividends 3.STOCKS SPLIT AND REVERSE SPLIT. This is where a block of shares is broken down into smaller units so that the number of ordinary shares increases and their respective par value decreases at the stock split factor. Stock split is meant to make the shares of the company more affordable by low-income investors and increase their liquidity in the market

WAYS OF IMPROVING YOUR FINANCE Here are few of many ways that you may use to help you better your financial situation. 1 . START SAVING; saving is an important part of financial planning, as it offers you a cushion against unexpected expenses. register saving account offered by banks that pay you interest for your saving. 2.DO A BUDGET; draw up budget of all activities you are intending to do in certain calendar. categories items starting from essential ones eg food bills(water, electricity) also inlude charges such as taxes an rates. please emmergency account this will help you not rush for emmergency loans which as high interest. 3.REGISTER WITH PENSION SCEME AND INSURANCE COVER; join into pension sceme and stárt contribute towards it. in most countries government servants are registered into start pension plan for example in kenya National Social Security Fund (NSSF). insurance covers are highly recomended for individual, we are living in the world were many accident do occur. we should be in position to deal with it. take medical assuarance cover for your health, also cover for your property. 4.REPAY YOUR DEBT; your debt should be paid on the agreed amount and time. avoid facing the court order ordering for sale of your property. understand the terms and condition contain in your loan agreement, for you to avoid paying for infringing on terms of the loan.