Standard Chartered Offers Second Rights Issue
The Standard Chartered Bank today morning announced a rights issue that is to commence on 9th October – exactly 1 week from today – and end on 26th October making the total period 3 weeks. This is the second Rights Issue the bank has had, with the…
Plans to Lower Call Rates Delayed
Plans to lower Mobile Termination Rates (MTR) – the amount of money an operator pays another operator when its subscribers call the other network – have been shelved till end of October pending the conclusion of a study on the effects of lowering the MTR. As…
8 Things you Should Know this Morning
1. How KDF Used Spy Planes to Seize Kisimayu Military officials conversant with how the capture of Kismayu was planned and executed yesterday told the Nation that covert intelligence gathering tactics and infiltration of the port city by special forces provided the best opportunity to attack the remaining Al-Shabaab stronghold in southern…
Economic Slowdown Persists
The latest statistics from the Kenya National Bureau of Statistics (KNBS) on gross domestic product (GDP) shows that the economic slowdown that started in the first quarter of 2012 has moved over again into the second quarter of this year. The report says that the economy expanded by 3.3%…
Inflation Drops, Why?
Latest statistics from Kenya National Bureau of Statistics show that the overall inflation rate for month of September 2012 dropped to 5.32 percent from 6.09 percent in August 2012. This drop comes despite a marginal rise in the Consumer Price Indices (CPI) which was…
Speculative Investing: What does it Mean?
We looked at value investing earlier this week. Now we look at exactly what speculative investing is and why you should even bother.
Kengen Profit Rises 36 pc to 2.8 Billion
Kenya’s largest independent power producer Kengen has released its financial results for the year ended June with net profit rising 35 percent to 2.8 billion shillings from 2.08 billion shillings posted last year. The company’s growth in earnings was driven by higher revenues from newly commissioned power plants namely…
The Stock Market Today
A summary of share trading activity at the stock market today
Centum Raises 3.2 Billion in Largest Private Bond Placement
Publicly listed investment firm Centum Investments has raised 3.2 billion shillings through a private 5-year bond issue which is the largest such private issue in the history of Kenya’s Capital Markets. A private bond issue or placement means that Centum sought the funds from a small group…
Stocks We Are Watching Today
The shares we will be closely monitoring at the stock market today
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