BAT Dividends Out This Week
BAT shareholders are about to get paaaaaaaiiid. A dividend of 27 bob per share is to be paid out on Thursday.
Interbank Rate at its Highest in Two Weeks
The interbank rate, the cost at which commercial banks lend money to one another, rose to 19.4223% yesterday. This is the highest the rate has reached since April 5th when it was at 18.87%. Last week activity by the Central Bank of Kenya’s (CBK) mopped up excess liquidity in the…
Remittances: An Infographic
An infographic on the remittances over the last 5 years
Stocks Watch
The NSE 20-share closed last week at 3,571.20 points, 16.74 points up from Friday’s. The NSE all-share index closed at 77.20 points, up 0.48 points. These gains follow the trend set last week where both indices consistently gained over the entire course of the week. The shares to watch today…
Forex Trail
Below is a table showing how the Kenya shilling fared against other major foreign currencies yesterday compared to last Friday: CURRENCY DATE US Dollar Sterling Pound Euro SA Rand KESUSHS KESTSHS KESRWF Friday 20th April 2012 83.1969 133.6227 109.3992 10.5841 30.1695 19.0513…
What Capping of Interest Rates Could Have Done
The Finance Bill 2011/2012 was passed in parliament on Thursday after long debates and a troubled life on the shelves of the house. The bill was passed without the amendments proposed to it of having interest rates on loans capped and deposits interest made at a base rate…
Kenya Shilling Holds Steady, Expected to Weaken
According to Reuters, the Kenyan shilling has held steady against the dollar on Monday. The shilling may however weaken as the end of the month approaches as imports could put downward pressure on the shilling. The main imports expected are oil and oil products. What does this mean to…
Closing Bell 23/04/2012
Gainers Price Change Crown Berger Limited 27.50 8.91% KenGen Limited 8.45 5.63% Scangroup Limited 51.50 5.10% East Africa Cables Limited 11.30 3.67% AccessKenya Group Limited 4.45 3.49% Losers Price Change Pan Africa Insurace Holdings Limited 28.00 5.88% Kapchorua Tea Company Limited 115.00 4.96% Eveready East Africa Limited 1.65 2.94%…
Kenya-Re Profits up 24%
KenyaRe's profits are up 24%
StanChart: Charting Their Progress
Standard Chartered Bank is one of the world’s major banks, having been listed on the London, Hong Kong and Mumbai stock exchanges as well as our very own Nairobi Securities Exchange. The bank opened its Kenyan branches in 1911 as the first foreign-owned bank and a hundred years…
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