Diaspora Remittances Drop 6.8%
Diaspora money remitted into the country significantly dropped in July as compared to earlier months in the year. According to Central Bank of Kenya reports, in July 2012, remittances to Kenya amounted to US$ 92.7 million (KES 7.88 billion), or 6.8% lower than US$ 99.5…
Auction Price for Kenyan Coffee Rises 9.6%
Kenya’s grade AA coffee top price rose by 9.6% to $342 (KES 29,070) a bag this week from $312 (KES 26,520) last week. This is according to the Nairobi Coffee Exchange (NCE) Wednesday October 3 market report. During the auction, Grade AA COF-AA-KE sold at $132 (KES…
Special Offers from StarTimes
From 1st to 7th October, visit the StarTimes Stand at the ongoing Nairobi International trade Fair, subscribe to a channel bouquet and get free decoders plus special offers. Buy a StarTimes Decoder, subscribe to any channel bouquet for one month and get one month free subscription.
Food Aid in a Smart Card
Over 70, 000 starving households will receive a slice of nearly £17million (KES 2.3 billion) of British taxpayers’ aid through smart cards. Households will be issued with cards credited with funds, which they will from time time to time present to designated accounting places where they will be…
CIC Unveils Low-Cost Insurance Policy
CIC Insurance has launched a low-cost cover package for members of the informal sector. The new product, dubbed Nuru Ya Jamii, is a house, life and personal accident insurance policy that allows low income earners to insure their homes for as little as KES 480 a…
Expensive Deposits Slowing Interest Rate Cuts
One month after the Central Bank of Kenya cut the base lending rate, the response by banks to reduce their lending rates has been slow. Although a number of banks have already implemented their rate cuts, with some setting mid this month as their dates,…
Standard Chartered Offers Second Rights Issue
The Standard Chartered Bank today morning announced a rights issue that is to commence on 9th October – exactly 1 week from today – and end on 26th October making the total period 3 weeks. This is the second Rights Issue the bank has had, with the…
Some Genuine Phones Succumb to Switch Off
Some mobile phone users found themselves victims of the recent counterfeit phone switch off despite having genuine handsets. We stumbled on such a case on Airtel Kenya Twitter handle where a user complained that his original phone had been switched off. Shedding light on the counterfeit…
WiFi Coming Soon to Your Favourite Restaurant
EatOut Kenya, Google and Wazi WiFi are teaming up to provide restaurant owners in Nairobi with internet solutions for their customers. This, they say, will help restaurant owners grow their businesses as well as offer patrons value added services.
The Stocks We Are Watching Today
Our focus today on Nairobi Securities Exchange stocks watch shall be on whole sectors and we will direct our attention towards the agricultural sector and the banking sector: See a summary of yesterday’s share trading here. Agricultural Sector – This sector has in it agrarian-based counters such…
1
