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Closing Bell – 8 May 2012

Gainers Price Change Trans-Century Limited 26.50 8.16% Athi River Mining 197.00 4.79% Unga Group 11.00 4.76% Kenya Reinsurance 11.00 4.76% Olympia Capital Holdings 3.60 2.86% Losers Price Change Crown Berger Limited 24.75 9.17% Kapchorua Tea Company 115.00 4.96% Safaricom Limited 3.40 2.86% TPS (Serena) Eastern Africa Limited 45.00 2.17%…
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Barclays Bank, the Day's Top Mover Drops 5 Cents

Barclays Bank of Kenya was one of today’s big movers with 4.799 million shares exchanging hands in the session.
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BlackBerry Service Plans Available In Kenya

Pulling the plug on the blackBerry could cost corporate America millions of dollars. The BlackBerry is more than e-mail but a handheld office, and if you shut down the BlackBerry, you shut off the data that powers American business – Al Smith
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Safaricom to Announce its Results

Mobile operator Safaricom is set to announce its full year financial results for 2011/2012 on Thursday. The largest mobile operator in Kenya has in the recent past been experiencing drops in its profit. For the half year 2011/2012, Safaricom realized drops in profits to Shs. 4.01 billion…
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Air Fares To Go Up

Passengers might have to pay more fares after Kenya Airports Authority increases service charge beginning July. The service charge is a fee KAA charges passengers who use its facilities, which primarily are the local and international airports in Kenya. KAA has received approval from the Finance minister Njeru Githae to…
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KenolKobil On Sale

KenolKobil makes only 66bob every time you spend 4000 on your car fueling. No wonder They're on sale
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Stocks Watch – 8 May 2012

As at the close of trading the NSE 20 share index was down 11.97 points, as compared to Friday last week, to close at 3,599.13 points. The NSE all-share index was down 0.07 points to close at 78.50 from the previous session’s 78.57 points. The stocks to watch in today’s…
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Forex Trail – 8 May 2012

The Kenya shilling strengthened against major world currencies, gaining against the US Dollar, the Euro and the South African Rand yesterday.
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Ndemo Calls for Fresh Study on Termination Fee

Information permanent secretary Bitange Ndemo has called for a fresh study into the rates of the termination fees which CCK announced last week. The Communications Commission of Kenya last week announced it would slash the termination  fees from the current Sh2.21 to Sh1.44 per minute in July. Mobile termination…
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CCK Board Split over Reduction of Termination Rates

The communications regulator’s board is split over plans to lower mobile termination rates from KES 2.21 per minute to KES 1.44 per minute. The termination rate is the amount of money an operator pays another operator if its subscribers call another network. Mr. Francis…
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