Closing Bell – 7 May 2012
A summary of the day's activities. 11 million Safaricom shares on the move.
More Kenyans Are Using Solar Heaters
Reports show that Kenya is emerging as a world leader in the adoption of solar equipment with statistics from David & Shirtliff showing that high electricity costs, irregular power supplies, and new regulations are driving exponential growth in its sale of solar-powered water heaters. The National…
Home Owners Get Title Deeds from NSSF
The National Social Security Fund (NSSF) has confirmed that a strategy to reduce its real estate portfolio to align with the national regulatory requirement is well on course. As part of the strategic effort, NSSF has now stepped up the issuance of title deeds to homeowners who…
Your KPLC Prepaid Tokens To Cost You 36% More
Kenya Power is set to implement its new tariff by July after getting consent from the government to do so. Click here to read more on this. The new tariff system increases the fixed charge by 33.3%, from KES 120 to KES 160. It also increases energy charges as follows:…
DTB Gets Shareholder’s Approval for Rights Issue
The shareholders of Diamond Trust Bank (DTB) have approved a KES 1.8 billion rights issue as proposed by the Board. DTB is Kenya’s sixth largest bank in terms of pre-tax profit as it reported an after tax profit of KES 2.99 billion for the financial period ended December 2012.
Kenya Airways Launches ‘KQ Mobile’
Kenya Airways, in conjunction with local IT firm Cellulant, has launched a new mobile technology platform that will enable the airline’s customers to enjoy enhanced interactive services. In a trendsetting move, Kenya Airways now becomes one of the first airlines in Africa to deliver…
Forex Trail – May 7 2012
Below is a comparison of the movements of the Kenya shilling against the major world currencies and the currencies of our neighbouring countries over the last trading sessions, Thursday 3rd May 2012 and Friday 4th May 2012: Currency US Dollars Sterling Pounds Euro SA Rand KES/USHS KES/TSHS KES/RWF Date 03/05/2012…
Stocks Watch 7 May 2012
What to expect in today's trading activities at the NSE
Parliament to End Tax Exemptions
Food prices to increase as Parliament passes a new law ending tax exemptions
Cost of Living to Shoot Up With Drop of Tax Exemption
Consumers should prepare for tough times ahead beginning July after a new law proposing to drop Tax exemptions on consumer goods is passed by parliament. This law will effectively see zero rated commodities pay Value Added Taxes in the tax man’s bid to increase his income base. The Treasury expects the new…
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