Forex Trail – May 4 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, Wednesday 2nd May and Thursday 3rd May 2012: Currency US Dollars Sterling Pounds Euro SA Rand KES/USHS KES/TSHS KES/RWF Date 02/05/2012 83.2903…
Stocks Watch 4 May 2012
The Nairobi Securities Exchange yesterday had 36.22 million shares trading with a turnover of KES 628 million. The NSE 20 share index was up 44.05 points (1.24%) to close at 3,585 points from the previous trading session’s 3,541.07 points. The NSE all-share index was up 0.87 points to close…
NSE Investment Challenge 2012
The NSE Investment Challenge is here!
Monetary Policy Stance to Remain at 18%
Central Bank Rate to remain at 18%
Interest on loans to remain high.
Closing Bell 3 May 2012
A summary of the day's activities at the Nairobi Securities Exchange; 24 million Safaricom shares were traded in the day.
Drama at NHIF Over New Tariff Scheme
There was drama at National Hospital Insurance Fund (NHIF) headquarters today as board chairman Dr. Richard Muga asked NHIF chief executive Richard Kerich and four other managers to step aside. Hours later, the chairman of NHIF board announced that Dr. Kerich and the four had been sacked…
Airtel Money Subscribers to Access Short Term Loans From Their Phones
Airtel Kenya and Faulu Kenya have today entered into a partnership that would enable Airtel Money users access loans on their mobile phones via Airtel Money. This service dubbed ‘Faulu Airtel Kopa chapaa Service’ will provide short term credit and emergency advance,…
CFK to Petition Parliament Over Interest Rate Capping Bill
Consumer Federation of Kenya (CFK) secretary general Steven Mutoro has said that the federation will lobby for 150,000 signatures from all counties to petition parliament over failure to pass the Banking Amendment Act. This was an amendment in the Financial Bill 2011/2012 that sought to cap interest and…
Electricity Cost To Go Up
Electricity costs are bound to go up this July based on a new tariff that Kenya Power has adopted. The upward review was to be effected last year but the government shelved the plans in a move to shield consumers from the hard times in June…
Forex Trail – 3 May 2012
A glimpse of the forex movements over the last couple of days
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