Stocks Watch – 3 May 2012
A sneak peek of what to look out for in today's trading at the NSE
'We Only Capped Speeds For The Unlimited Data Plan'
Following the recent move by Safaricom Limited to discontinue its unlimited data plan, subscribers can now enjoy normal internet speeds. The mobile service provider says it does not cap speeds for other bundles. @hustlers_heaven Hi. No, on the normal bundles, speeds are not capped.
Bharti Airtel Revenue Rises in Africa
Bharti Airtel Limited yesterday announced its audited consolidated IFRS results for the fourth quarter and year ended March 31, 2012. Revenue growth in the fourth quarter was fuelled by increased customer subscription and strong minutes growth in India. Despite a national strike for 9 days in…
MPC Expected to Maintain CBR
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…
NHIF Stopped from Effecting New Tariffs
The National Hospital Insurance Fund (NHIF) has been directed to hold for sometime its plans to start deducting from workers contributions based on the new tariffs. (Read: New NHIF Tariff Takes Effect in June) Vice President Kalonzo Musyoka directed Labour minister John…
Stocks Watch 2-05-2012
The counters of interest in today’s trading are: KenGen Limited: As at the close of business on Monday the power generating company was the highest gainer having closed 5% higher than it had opened. It will be worthwhile to see whether this will continue in today’s trading or whether it…
CBK to Auction KES 3 Billion Worth of T-Bills
The Central Bank of Kenya (CBK) will today auction 182 day Treasury Bills worth KES 3 billion. This comes after last week’s auction of Treasury Bills and a Treasury bond worth KES 2 billion and KES 5 billion respectively. Last week the Treasury bills were oversubscribed by 137% while the…
Minimum Wage Increased
Lowest earning workers in the country could start earning a minimum wage of Shs 8,579 after the government proposed a 13.1% increase in the minimum wage. The announcement made at this years’ International Labour Day celebrations on May 1st was met with mixed reactions from the public. The cost of living…
COTU Calls Strike Over NHIF Rates
Central Organization of Trade Unions (COTU) chairman Francis Atwoli has called on all workers to go on strike beginning 14th of May. The strike is in protest over the new payment rates proposed by National Hospital Insurance Fund (NHIF). Atwoli was speaking at the…
A 10% Reward for M-PESA Top-ups, Says Safaricom
This new month, Safaricom has rolled out a new offer that will earn you a 10% bonus on credit every time you top up via M-PESA. The promotion runs from 1st to 31st May, and is applicable for top-ups between KES 5 to 1,000. This comes a day after the…
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