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…
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…
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…
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%…
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…
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 […
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. Sasini’s 3 month share…
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.
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…
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…
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