“The Biggest Loser” is a television show that teaches people how to eat healthy. “Loser” here refers to the person who loses the most excess fat and millions tune in to watch the show every week. “I love that show,” says Alexa Von Tobel, a Harvard graduate…

Hass Consult, a property development and management fim, yesterday released the results of the Hass Property Index for quarter 1 of 2012. The Hass Property Index is a measure of how housing prices and rents are moving. In brief, the figures were…

Last week, the Central Bank of Kenya offered 91-day and 182-day treasury bills for a total of Kshs. 7 billion. There were 157 bids for the 91-day bills amounting to Kshs. 1.6 billion and 156 bids for the 182-day bills amounting to Kshs. 7.05 billion. The CBK aimed at…

The cost of living has blown off the roof and it is quite a forgivable affair when consumers opt for manageable options at the till. The cost of machinery and household equipment has not forgiven us either. Options exist, cheaper ones for that matter for acquisition of these items at…

We all know about the ongoing Kenya Airways (KQ) rights issue. KQ intends to raise Ksh 20.6 billion by issuing 1,477,169,549 (1.47 billion) new ordinary shares, each KQ shareholders will have the right to subscribe to 16 new ordinary shares for every 5 ordinary shares currently held. A rights issue…

According to the Central Bank of Kenya’s (CBK) weekly bulletin, investors are actively buying up short-term government paper (treasury Bills) to cash in on high yields before interest rates begin to fall. A treasury bill is a short term debt obligation issued by the government. In Kenya there are…

Upon the close of trading at the NSE yesterday, the KenolKobil share had dipped by 0.83% to Ksh 11.90 per share, its lowest value since March 27th. This is in contrast to the upward trend it has exhibited over the last 3 months since the beginning of the year as…

The Kenyan shilling has experienced a whirlwind year. The local currency dropped to record lows pushing up inflation (we import a lot e.g. petroleum products and they were more expensive because of the weaker shilling) and raising the cost of living. Interestingly though, tourism flourished with record tourist arrivals. Why?…

In a press release dated April 10th 2012, the new board of the Nairobi Securities Exchange, at its first official board meeting, re-elected Mr. Eddy Njoroge as the Chairman. Mr. Njoroge joined the board on June 27 2008 and became Chairman in 2009. The board also…

Project Finance. That is what Housing Finance, one of Kenya’s biggest mortgage lenders is calling the service. The innovation, aimed at both aspiring and established property developers, is based on a type of financing based on anticipated cash inflows or income of the property being developed. Simply, the…