Access Kenya and Today's 5 Cent Drop
The Access Kenya Group share today opened the trading session at Kshs. 4.30, 5cents up from yesterday’s Kshs. 4.25 closing price. The counter moved 127,000 shares valued at Kshs. 539,750. The share today closed at Kshs. 4.10, a seemingly modest drop of 5cents but in the case of an…
Closing Bell 22/03/2012
Top Gainers Price Change Kapchorua Tea Co. Ltd Ord Ord 5.00 123.00 +9.82 Unga Group Ltd Ord 5.00 9.70 +7.78 Eveready East Africa Ltd Ord.1.00…
KQ Closes Below Rights Issue Price
For the second day running the Kenya Airways share has dipped below the rights issue price of Ksh. 14. Yesterday, the share momentarily hit Ksh. 13.60 but closed at KES 14.50 but today the share constantly traded below Ksh. 14. The share opened at Ksh.
Isn't Konza Just Another Village in Ukambani?
Konza is a small Kenyan town in Machakos District (County) approximately 160 kilometres from the green city in the sun, Nairobi. Under the old constitution, Konza was in Kitumwa Location of Central Division of Machakos District. Prior to last year, no one quite trained their attention on Konza…
Trading at the NSE Drops 30% in Wednesday's Trading
Trading at the Nairobi Securities Exchange dropped by 30% in yesterday’s session. This comes in the wake of the normalcy returning to the market after the stock exchange was hit by a power blackout, frustrating investors and stock brokers alike. Yes, even the Nairobi Securities Exchange suffers from blackouts!…
Mortgage Market to Grow
Central Bank of Kenya (CBK) Governor Njunguna Ndungu has called for the widening of the local mortgage market to deal with the rising demand for housing. A study by CBK and the World Bank in June 2010 on mortgage finance in Kenya reveled that the market…
NSE to list on the NSE
The Nairobi Securities Exchange is in the process of demutualization. In fact, efforts to demutualize have been going on since 2005. A study carried out by the Financial Services Advisory arm of KPMG titled “NSE Demutualization Study” lists demutualization as a trend in the world…
Two Can Pay The Rent
If there is a thing Nairobi’s culture has refused to embrace, it is the culture of a roommate. Having a roommate has been largely an American way of living. Most people in Kenya will prefer to work harder to at least afford the whole cost of renting an apartment,…
NSE Broadens Board
The shareholders of the Nairobi Securities Exchange (NSE) held an Extra Ordinary General meeting on Thursday 15th March 2012 at the Sarova Stanley Hotel to elect a new board of directors. This follows the re-registration of the NSE on 21st September 2011 where the company…
Standard Chartered Bank Kenya FY 2011 Earnings: My analysis
Standard Chartered's Income for the year ended 2011
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