No Capping Interest Rates, House Decides
Loan borrowers will have to put up with the high interest rates main stream banks charge them on loans after parliament shot down proposed amendments to the finance bill 2011/2012. The Jakoyo Midiwo sponsored amendments to have bank interest capped and have a base on the interest given…
Sameer Dividends Dip by 60%
The Board of Directors of Sameer Africa Limited has recommended a first and final dividend of 20 cents per share subject to shareholder approval at the Annual General Meeting. The company’s profit before tax increased by KES 86.2 million (138.66%) from KES 62.19 million in 2010 to KES 148.45 million…
Stocks Watch
Stocks Watch: What to expect from the day's trading at the NSE
Closing Bell 20/4/12
Gainers Price (KES) Change (%) Mumias Sugar Company 6.05 9.01 Car & General Limited 27.25 4.81 British-American Investments 4.95 4.21 Marshalls East Africa Lmited 12.50 4.17 Scangroup Limited 49.00 2.62 Losers Price (KES) Change (%) Olympia Capital Holdings Limited 3.40 9.33 Rea Vipingo Plantations Limited 15.50 7.74 CFC Stanbic Holdings…
Another Rights Issue in the Offing
As we at PesaTalk had alluded to earlier, Standard Chartered Bank has announced that it plans to carry out a rights issue and increase its authorised share capital. In a letter addressed to the Chief Executive of the Nairobi Securities Exchange the bank announced that its Board of…
Barclays Customers to Travel Cheaper
Barclays Bank of Kenya’s Business Club members will be travelling cheaper on their international trip program organized by the Bank. The club is a section of the banks’ customers who access exclusive privileges in the banks’ services. Speaking at the flagging off vans carrying 400 members…
Local Tourism Boosted by Entreprenuers
Barclays Bank of Kenya, has extended a boost to local domestic tourism as the Barclays Business Club members headed to Amboseli National Park for a two day business workshop beginning Friday 20th. In the maiden Business Club trip this year, more…
Forex Trail
Below is a summary of how the Kenya shilling performed against major global and regional currencies as at the close of business on Thursday as compared to Wednesday: DATE CURRENCY US Dollar Sterling Pound Euro SA Rand KESUSHS KESTSHS KESRWF Wednesday 18th March 2012 83.1389 132.4216…
Water Supply in Nairobi Disrupted
Taps run dry in parts of Nairobi
Stocks Watch
As at the close of business yesterday the NSE All Share index had moved up 0.65 points (0.86%) to close at 76.14 points while the NSE 20-share index moved 45.03 points to close at 3534.27 points, an increase of 1.29%. Safaricom Limited was again the yesterday’s biggest mover with 5.91…
1
