Nov 21, 2014
Nse Kenya prices Nov 21 by Abacus Closing Bell: Eaagads Top Gainer At The NSE After Releasing Half Year Results

Eaagads Limited (EGAD) was the top gainer at the Nairobi Securities Exchange (NSE). The counter registered a massive gain of 54.88% to end the day at KES 63.50. Its weighted average price for the day was KES 53.16. If you were observing the market you would have noticed the wild swings in the share price today, it touchedRead more

Micah Cheserem illustrates County revenue allocation in Kenya by Abacus Fairness Should Inform Revenue Sharing Between Counties

As you would know, Kenya’s Commission on Revenue Allocation (CRA), the constitutional body tasked with dividing government revenue between the 47 counties of Kenya has released a new revenue allocation formula. The formula introduces two new parameters to the current five parameters which include the development factor and personnel emolument factor. Mzalendo discuss the changes below: TheRead more

Kenya business news Nov 21 by Abacus Friday’s Morning Brief – Nov 21

Africa’s mobile money makes its way to Europe with M-Pesa M-Pesa has nearly 17 million active customers and as many as 186,000 agents worldwide. Customers make more than €900 million (US$1.1 billion) worth of person-to-person transactions a month. Now, the technology that was honed in Africa is being exported to Europe, with the launch ofRead more

Nse Kenya prices Nov 20 by Abacus Closing Bell: Standard Group Rebounds While Kapchorua Tea Slumps At The NSE

In an interesting twist of events Standard Group Limited (SGL) rebounded from being yesterday’s worst performer at the Nairobi Securities Exchange (NSE) to today’s top gainer. It ended the day at KES 36.75, up 9.70% from yesterday’s close of KES 33.50. However, this was on thin volumes with only 300 Standard media shares changing hands today. 100 isRead more

Gold Cards Aren't The In Thing Anymore Gold Cards Aren’t The In Thing Anymore

Statistics from the Central Bank of Kenya show that in August this year there were over 185,000 credit cards in Kenya. These cards were used in slightly above 106,000 transactions which carried a value of above KES 1 billion. This was an increase of over 66% from the KES 615 million that was transacted inRead more

Kenya business news Nov 21 by Abacus Thursday’s Morning Brief – Nov 20

KRA releases guidelines on withholding tax The Kenya Revenue Authority has released guidelines for the collection of withholding VAT on payments made to government suppliers, which will be charged at 6% of the cost of supplied goods or services. Withholding VAT was reintroduced in the Finance Act 2014 [...] Safaricom launches new m-ledger mobile app to enableRead more

Nairobi Securities Exchange prices Nov 19 2014 article by Abacus Closing Bell: Sasini Gains While Standard Group Sheds Value At The NSE

Sasini Tea And Coffee Limited Limited (SASN) was the top gainer at the Nairobi Securities Exchange (NSE). It ended the day at KES 12.70, up 9.96% from yesterday’s close of KES 11.55. The winners: The other top gainers were: Kapchorua Tea Company Limited (KAPC), Olympia Capital Holdings Limited (OCH), Mumias Sugar Company Limited (MSC),  and Kenya Electricity Generating Company -Kengen- (KEGN). Each closed at KES 159.00,Read more

Kenyan elections. Image courtesy of foreignpolicyblogs.com Opinion: Can Kenya Afford Staggered Elections?

Governance and the economy are as intertwined as the double helix of the human DNA. Recently, on 4th November 2014,  the USA  held its mid term elections. A midterm election is a poll where the people elect their representatives in the middle of the term of the executive or of another set of members. In the case of theRead more

Kenya business news Nov 21 by Abacus Wednesday’s Morning Brief – Nov 19

Senator Otieno Kajwang’ passes on Homabay Senator Otieno Kajwang’ died Tuesday night after suffering a cardiac arrest. Orange Democratic Movement (ODM) spokesperson Philip Etale confirmed the death shortly after midnight. [...] RVR sues insurance company, seeks KES 68 million compensation Rift Valley Railways (RVR) has sued Cannon Assurance seeking compensation of KES 68 million for breachRead more

Nse Kenya prices Nov 21 by Abacus NSE Closing Bell: I And M Bank Among Top Gainers, Announces 1% Profit Increase

I&M Holdings Limited (I&M) was among the top gainers at the Nairobi Securities Exchange (NSE). It ended the day at KES 130.00, up 5.69% from Monday’s close of KES 123.00. The group which has banking operations in Kenya and Rwanda announced today that its pre-tax profit for the nine months to September rose by 1% to KES 5.46 billion. Its revenue in theRead more