According to the Central Bank of Kenya, the interbank rate upon the close of business yesterday stood at 20.7011%. This is 1.2788% higher than the interbank rate on Tuesday. The rate has risen for two days in a row and it may follow this trend throughout the week. Last week…

Crown Berger Kenya Limited has released its financial results for the year ended 31st December 2011. The firm, a recipient of ISO 9001: 2008 certification and a Superbrand status holder reported a 41.11% increase in net profits for the year ended 31st December 2011. Sales…

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 Date US Dollar Sterling Pound Euro SA Rand KESUSHS KESTSHS KESRWF Tuesday 24th April 2012 83.2293 134.1512…

Housing Finance has released its unaudited financial results for the first quarter of 2012 (January-March) and has reported an 11.4% increase in profits after tax over the same period last year. The company’s loans and advances to customers have increased 39% from KES 20.36 billion as of 31st March…

The Capital Markets Authority (CMA) has announced in a statement released on Tuesday that its Chief Executive Mrs Stella Kilonzo will not seek renewal of her 4 year contract once it expires on June 30th. Mrs Stella Kilonzo can be praised for transforming the CMA from a moribund government institution…

There is a reason why they call it ‘Personal Finance’. It is personal. There is really never a guarantee that something will work for you just because it worked for someone else. We all have differently sized pockets. We are all looking for different experiences and we have also been…

Below is a table depicting the movements of the Kenya shilling against the major world currencies, and the currencies of our neighbouring countries:   CURRENCY DATE US $ Sterling Pound Euro SA Rand KES/USHS KES/TSHS KES/RWF Monday 23/04/2012 83.2178 134.1262 109.7653 10.63 30.1619…

We are all attracted to the idea of making quick money with very little effort required and pyramid schemes are these days been masked as attractive retail multilevel marketing (MLM) schemes which promise huge returns within a short period of time. The last thing you want…

Related to: Remittances, an Infographic. The Central Bank of Kenya has reported that remittances to Kenya for February 2012 amounted to about KES 8.6 billion. This is 71.12% higher than the amount received in February 2011 and 15.84% higher than what was received in January this year. According to…

Gainers Price (KES) Change (%) Kenya Reinsurance Corporation 9.30 16.25 CFC Stanbic Holdings 43.50 6.10 KenGen Limited 8.95 5.92 Trans-Century Limited 24.75 5.32 Olympia Capital Holdings Limited 3.65 4.29 Losers Price (KES) Change (%) Mumias Sugar Company 5.70 9.52 Standard Group Limited 22.50 4.26 Rea Vipingo Plantations Limited 15.25 1.61…