Oct 23, 2014
business news kenya October 23 by Abacus 5 Things You Should Know This Morning – Oct 23

Airtel, KRA partnership enables subscribers to pay taxes via mobiles The partnership also allows Airtel subscribers to inquire for KRA services, generate a KRA payment reference number (PRN or an e-slip/invoice number) and make quick simple payments through Airtel Money by simply dialling the short code *572#. Airtel is charging its subscribers between KES 10 to KES 270Read more

NSE Kenya October 22 close article by Abacus Oct 22 NSE Closing Bell: Olympia Capital Among Top Gainers Again

Today at the Nairobi Securities Exchange (NSE) The winners Kenya Orchards Limited (ORCH), Longhorn Kenya Limited (LKL), Olympia Capital Holdings(OCH) , Express Kenya Limited (XPRS), and TPS Eastern Africa Limited -Serena- (TPSE) are the companies whose stock price appreciated the most. The first four had been among the top gainers earlier today morning. The continuous price gainby Olympia capitalRead more

Getting Gear for Gearbox Gearing Up The Gearbox: A Company With The Tools To Build Refined Prototypes For Your Conceptual Ideas

Erik Hersman one of the founders of  iHub, a a TED Senior Fellow as well as a PopTech Faculty Fellow, writes: Perhaps one of the longest projects to come to fruition for me has been Gearbox. Over three years ago, a couple of us started talking about the need for a makerspace in Nairobi, which turned upRead more

NSE Kenya October 22 morning by Abacus Oct 22 Morning Bell: Olympia Leads Gainers Whilst Total Drops At The NSE

An update on the Nairobi Securities Exchange (NSE) as at 11.45 am today. The winners Olympia Capital Holdings (OCH), Kenya Orchards Limited (ORCH),  Car And General Kenya Limited (C&G), Longhorn Kenya Limited (LKL), and Express Kenya Limited (XPRS) are the companies whose share price had appreciated the most. Only 400 orchards shares had changed hands in the morning. 100 is theRead more

business news kenya October 23 by Abacus 5 Things You Should Know This Morning – Oct 22

Treasury to pay tax refunds in January Treasury secretary Henry Rotich said plans are under way to pay KES 10 billion of the estimated KES 30 billion backlog in January and to finish the rest within the first quarter of the year. The settlements will be made by issuing the claimants with tradable bonds instead of cash, aRead more

Kenya Airways news by Abacus Kenya Airways Goes Up and Down This Past Weekend

It has been a long weekend for Kenya. From Friday, the next working day was Tuesday given that Monday was Mashujaa (heroes) day. In that time, Kenya Airways has had news swinging from positive to negative in equal measure. We look at the news below: Lets start with the reported crash landing of a Kenya AirwaysRead more

NSE Kenya October 22 close article by Abacus Oct 21 NSE Closing Bell: Olympia Capital Doubles Price On Market Volatility

Olympia Capital Holdings (OCH) was today the top gainer at the Nairobi Securities Exchange (NSE). Its closing price was KES 7.40, a rise of 100% compared to last Friday’s price of KES 3.70. “The rise can be attributed to price volatility. Since the changes in the board last week there has been no major news on the company. TheRead more

NSE Kenya October 22 morning by Abacus Oct 21 Morning Bell: Olympia Capital Up 89% At The NSE

An update on the Nairobi Securities Exchange (NSE) as at noon today, Olympia Capital Holdings (OCH) was exchanging at KES 7.00, a rise of 89.19% from last Friday’s closing price of KES 3.70. The winners Olympia Capital, Longhorn Kenya Limited (LKL), NIC Bank Limited (NIC), Carbacid Investments Limited (CARB), and media company Standard Group Limited (SGL) are the companies whose shareRead more

business news kenya October 23 by Abacus 5 Things You Should Know This Morning – Oct 21

Good times for depositors as Central Bank of Kenya (CBK) unveils new refund plan Governor Njuguna Ndung’u says CBK’s focus would now be directed to strengthening the deposit insurance design that will add value to the depositors and the financial system in general. He says the proposed measures, which are mainly designed to minimise theRead more

business news kenya October 23 by Abacus 5 Things You Should Know This Morning – Oct 18

Airtel cleared for regional mobile money transfer Airtel Kenya -through its parent firm, Bharti – is set to start cross border mobile money transfer services in Kenya, Tanzania, Uganda and Rwanda after receiving regulatory approvals from the Central Banks of the four countries. The first phase will be a pilot that starts in November withRead more