This week the Central Bank of Kenya (CBK) offered 91-day Treasury Bills for a total of Kshs. 3 Billion.The total number of bids received was 141 amounting to Kshs. 2.71 Billion, representing a subscription of 90%. Total bids accepted amounted toKshs. 2.22 Billion. The market weighted average rate was 8.770 %, and the weighted average of…

Here is the brief on how the shares market is performing this morning (11.30 am). The biggest gainer is Kenya Orchards currently selling at KES  41.5 a 9.93% rise over the last price of KES 37.75. Although the number of shares exchanged is the minimum 100 shares that…

According to Sheelah Kolhatkar a features editor and national correspondent for Bloomberg Businessweek investment in Hedge Funds is likely to reduce. Will her predicted end of Hedge Funds have an effect on the Kenyan NSE? The California Public Employees’ Retirement System (Calpers)–the largest pension fund in the U.S.–intends to divest…

The power of Social Media. In 1997, the Coca-Cola Co. (KO) ran an unusual commercial in which teenagers in baggy pants raced over sofas to snatch a bright green soda that nobody had heard of before. “Surge!” a voiceover exclaimed. “It’s a fully loaded citrus soda…

Locally Kenyan shilling hits 32-month low, stocks up The Kenyan shilling touched a 32-month low on Monday, under pressure from dollar buying by importers and lower hard currency inflows. At the close of trade, commercial banks quoted the shilling at 88.90/89.00 to the dollar, compared with Friday’s close of 88.80/88.90.

The cell phone craze is catching on in Kenya, but the Chinese have taken it to a new level. To avert accidents and disturbances attributed to mobile phone usage authorities in many parts of the world have banned using phones while driving or walking. However, a Chinese city has done…

Real Estate Investment Trusts (REITs), may soon be the option of choice for developers wishing to raise finances for their real estate projects in Kenya. “Njoroge Nganga, the Chief Executive Officer of Home Afrika said  their projects are long term in nature and require significant capital injection.   “REITs and…

Airtel taps into high-end clients with premier club Airtel has launched a club that provides cheap calling rates, data, website and free Sim replacement. It will enable premier customers to enjoy personalised credit services and facilities, an exclusive website, free Sim replacement, priority services and discount with preferred partners …

Kenyan shilling steady, shares in bourse hit high The Kenyan shilling was steady on Friday, but traders said there was still some pressure from increased importer dollar demand and lower inflows from tourism and tea exports. The main NSE-20 Share Index was up 8.29 points to close at 5,169.50 points.

Ebola now threatens relations between African countrues as illustrated below. The government of Kenya has expressed profound apologies and regrets for denying several Liberian students entry into the country to continue their academic studies. Kenya’s expression of commiseration of the action stemmed from Foreign Minister Augustine Ngafuan’s expression of concern…