I recently visited my bank branch and unexpectedly ran into my high school crush, she looked as beautiful as she did back in our school days, but sad to say, she was with her boyfriend. They were in the process of opening a joint account, so I learnt…

Gainers Price        Change Crown Berger Limited 27.50 8.91% Athi River Mining 185.00 2.78% Total Kenya Limited 16.50 2.48% Sameer Africa 4.60 2.22% Unga Group Limited 10.40 1.96 Losers Price        Change British-American Investments 4.80 6.80% Standard Group Limited 21.00 6.67% KenGen Limited 8.00 4.76% Kenya Commercial Bank Limited 22.25 3.26%…

KCB Group Q1 profits up 37% to 2.43 billion

Equity Bank has reported a profit after tax of KES 2,322,787,000 for the first quarter of 2012. This is KES 5.871 billion less than they reported for a similar period last year. Loans and advances rose by 30% to KES 112,853,305,000 as compared to the loans advanced during the same…

NIC Bank Group has announced a 38 per cent increase in profit after tax for the first quarter of 2012, to hit Sh723 million. Managing director James Macharia attributes the increase in profit to growth in loan advances and an increase in non-funded income. Over a…

A look at the stocks to watch in the day's trading

Below is a table comparing the movements of the Kenya shilling against the major world currencies and the currencies of our neighbouring countries over the last two days: Currency US Dollars Sterling Pounds Euro SA Rand KES/USHS KES/TSHS KES/RWF Date 25/04/2012    83.2531            134.3929   109.8259    10.6812    …

The highly publicised and anticipated Kenya Airways rights issued closes today. The issue opened on 2nd April 2012, ran for 3 weeks and closes today. A rights issue is an issue of additional shares by a company to raise additional capital. The current shareholders (prior to the rights issue) are…

Gainers Price (KES) Change (%) Car &General Limited Kenya 29.00 6.42% NIC Bank Limited 30.25 3.42% Eveready East Africa Limited 1.65 3.13% TPS Eastern Africa (Serena) Limited 46.00 2.22% Total Kenya Limited 16.10 1.90% Losers Price Change CFC Stanbic Holdings Limited 41.25 4.62% Olympia Capital Holdings Limited 3.50 4.11% KenGen…

Yesterday the Central Bank of Kenya (CBK) offered 182 day Treasury Bills worth KES 2 billion and a two year Treasury bond worth KES 5 billion. For the bill, the CBK received bids worth KES 2.74 billion representing a subscription of 137% and accepted bids amounting to KES 2.73 billion.