Private Parking Lots Raise Fee
Private parking lots in Nairobi increase fees
Measures Taken to Address High Fuel Prices
The government last week amended the petroleum import laws and allowed Kenya Petroleum Refinery Limited (KPRL) to begin importing its own crude, process it and sell the refined product at a profit to the Kenyan market and for export starting July 1. The move is…
Stocks Watch
The NSE 20 share index closed yesterday’s trading session at 3,579.57 points, 1.76 points down from the previous day’s close of 3,581.33 points. This is the first time in two weeks that the 20-share index has fallen from its value the previous day. The shares to watch today include: Kenya…
Heavy Rains, a Blessing in Disguise for the Shilling
The current heavy rains might have left a lot of destruction, but they are expected to help strengthen the Shilling against other major currencies. The heavy downfall is expected to increase food production this year, eliminating the need for food importation by the government.
How KPRL Will Help Lower Fuel Prices
The move by the government to upgrade Kenya Petroleum Refinery Limited (KPRL) to merchant status will see the plant import its own crude oil, process it and sell refined products at a profit to the Kenyan market and for export starting July 1. As…
11% Increase in Profits for Housing Finance
Housing Finance has released its unaudited financial results for the first quarter of 2012 (January-March) and has reported an 11.4% increase in profits after tax over the same period last year. The company’s loans and advances to customers have increased 39% from KES 20.36 billion as of 31st March…
CMA Chief to Step Down in June
The Capital Markets Authority (CMA) has announced in a statement released on Tuesday that its Chief Executive Mrs Stella Kilonzo will not seek renewal of her 4 year contract once it expires on June 30th. Mrs Stella Kilonzo can be praised for transforming the CMA from a moribund government institution…
Get Your M-Pesa Mini-statement for Free
M-PESA now allows you to keep track of your transactions for free
Stocks Watch
The NSE 20 share index closed yesterday’s trading session at 3,581.330 points, 10.13 points up (0.28%) from the previous day’s close of 3,554.46 points. This continues the upward trend the NSE has displayed over the last few days. 18,722,200 shares were traded in total in 1184 deals in yesterday session.
New Payment System to Be Launched Soon
A new payment system dubbed Unipesa, is to be launched soon. Unipesa is a system that will enable you to settle your bills through a self service kiosk. All you will have to do is to enter the bill details or the…
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