BAT Loses 12 Shillings in Trading
3.36 percent. Not too much huh? Well, BAT, lost 3.36% in yesterday's trading. That tiny, little, miniscule 3.36% drop is all of 12 shillings.
KQ Postpones Rights Results Announcement
Kenya Airways was expected to announce the results of its KES 20 billion rights issue today. This announcement has been postponed to the 8th of June. The rights issue has been the biggest cash-call in the East African stock markets with nearly 1.5 billion…
Central Bank Rate Stays at 18%
The Central Bank of Kenya's Monetary Policy Committee yesterday decided to maintain the benchmark Central Bank Rate at 18 percent.
CBK Expected to Maintain Benchmark Rate
The Central Bank of Kenya’s Monetary Policy Committee (MPC) is expected to hold a meeting today. The Central Bank’s principal objective is the formulation and implementation of monetary policy directed to achieving and maintaining stability in the general level of prices. The aim is to achieve stable prices – that…
The Scam: Robbed of 300 USD in Mombasa
Mary is a Kenyan woman who moved to the US after high school to further her studies. She is an engineer by profession, and besides that, she has worked as a teacher in Texas and spent a year in South Korea furthering her engineering studies. So how did this…
A Man, a Woman and an ATM
People say that men and women aren’t wired the same, whatever being wired means. We came across this image that identifies some differences between a man and a woman in an ATM scenario. Something to take away the Monday blues.
Safaricom's Unlimited Internet Bundles to Be Scrapped
Safaricom plans to scrap off its unlimited Internet bundles, according to the company’s CEO, Bob Collymore. He further added that there has been a misuse of the service by subscribers who have been making huge downloads, resulting in huge losses for the company. Perhaps this explains…
Matatu Fares Set to Shoot Up
Passengers boarding a Matatu (Photo: IBJ) Bus fares in the country are set to go up starting Monday due to the increased prices of fuel. This is going too affect public transport and the cost of transportation of commodities. Matatu operators say they are going to increase fare prices…
Petrol Stations Run Dry
Most fueling stations in Nairobi supposedly ran dry last night as most motorists rushed to fill up their tanks before the new fuel prices take effect by midnight. Most motorists had to drive long distances in search of this precious commodity. The question that comes to…
Fuel Prices Shoot Up
In a statement released by the Energy Regulatory Commission, the pump price of Super petrol in Nairobi has increased by KES 6.81 to KES 118.50 per litre. Diesel prices increased by KES 3.67 to KES 108.8 and Kerosene by KES 2.81 to KES 86.28 The ERC attrubuted the new prices to…
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