5 Things You Should Know This Morning – Sep 29
Kambi accused of defying court order in NSSF board row Labour secretary Kazungu Kambi is on the spot for defying a court order to reinstate two labour union and employer representatives to the National Social Security Fund (NSSF) board of trustees. […] Tender winners for 2,000km…
CBK 91 Day Treasury Bill Oversubscribed 82%
The Central Bank of Kenya has reported that this week’s auction for the 91 day Treasury bill (T-bill) was subscribed 182%. This is a significant rise considering that last week the bids for the T-bills were 90%, an under-subscription of 10%. This is the second over-subscription in…
Sep 26: Morning Bell Longhorn Kenya Up 50% At The NSE
Longhorn Kenya Limited as at 12.00 pm was up 50% from yesterday’s closing price. The publisher has today announced a final dividend of KES 1.20 a share despite a dip in profits. This is the highest gain in a single day this month at the Nairobi Securities…
5 Things You Should Know This Morning – Sep 26
Kenya joins middle income economy status on Tuesday Kenya is set to be classified as a middle income country, 16 years ahead of schedule with the release of revised figures for the economy. At an event to be witnessed by both the World Bank and International Monetary Fund officials on…
Sep 25 Closing Bell: Centum Trails Again As Orchards Continues Rise At The NSE
Centum’s closing price made it the biggest loser today at the NSE. The investment firm lost 9.09% compared to yesterday’s closing price. The Nairobi Securities Exchange, CIC Insurance and Britam continued with the trend set today in the morning to shed 8.08%, 7.46% and 7.19% respectively.
Is Kenya The Next Big Oil Exporter?
According to James Stafford an editor at Oilprice.com Kenya is set to be the largest oil producer in East Africa. This is despite security and political challenges in the country. Six of the last 10 biggest finds have been in Africa. There are some 130 billion barrels of…
Sep 25 Morning Bell: Blue Chips Shed Prices At The NSE
September 25th, 11.20 am. Three of the six companies whose prices have depreciated the most are companies that make up the NSE 20 share index. They are Britam Investments Company Limited (Britam Insurance), Centum Investments, and Equity Bank. The other counters (shares) that have shed…
5 Things You Should Know This Morning – Sep 25
Kenyan shilling firms, stocks down on profit-taking Commercial banks quoted the shilling at 89.05/15 at the 1300 GMT close of trade, compared with Tuesday’s close of 89.15/25. The main NSE-20 Share Index was down 54.65 points, or 1 percent, to close at 5,322.65 points. In the debt market, t bonds valued at 578.3 million…
Sep 24 Closing Bell: BAT Yesterday’s Loser Is Today’s Major Gainer At The NSE
British American Tobacco (BAT) Kenya rebounded from its price loss yesterday to end the day today as the second highest gainer. Its price appreciated 8.41% to KES 883. The cigarette maker was second to Kenya Orchards which rose 8.57% compared to yesterday’s closing price. However, only 100 shares of…
An ‘Uber’ for Kenya? Sendy Is A Startup With A Unique Transport Solution
Uber is a company based in San Francisco, California, United States it connects passengers with drivers of vehicles for hire. This is done via Uber’s smartphone application. Sendy is a start up company that has set out to connect Kenyans with bodabodas (motorcycle taxis) through its mobile app. It offers a…
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