Here are the shares we will be closely watching in today’s trading at the Nairobi Securities Exchange: KenGen – The stock closed at KES 8.35 yesterday but has seen fluctuations from KES 7.20 to KES 10.12 in the last 52 weeks. It has announced a dividend…

More than half a dozen leading International hotels have confirmed plans to set up their operations in Kenya, as one of the key outcomes in the on-going Africa Hotel and Investment Forum (AHIF) conference. The two-day conference hosted by the Kenya Tourist Development Corporation (KTDC) appears…

1. City Hall Sends Notice to Defaulters City rate defaulters could lose their property if they fail to pay full arrears and penalties as the City Council of Nairobi (CCN) prepares to move to court, seeking orders to take over plots and houses.City Hall told the Business Daily it had on…

The Kenya government has made plans to start the construction of a new railway line, linking Mombasa Kampala, through Malaba. According to the Ministry of Transport, Kenya is set to receive a brand new railway that will put the old one to shame. Aviation, Tourism, Travel and…

Hypothetical Situation:  you have an idle 1-acre piece of land that you intend to make money off. You’re paying land rates and the value of the land is increasing slowly, but it’s not translating to any cash flow. With that piece of land, would you take…

The treasury has released KES 6.3 billion for Free Primary and Free Day Secondary Education. Approximately 6,075,706 children will benefit from this funds, which have increased the primary education completion rate to over 95% today from 62% in 2002.  Education Minister Mutula Kilonzo had asked for KES 1.77 billion for Free Primary Education. he had also…

The Ministry of Education has rejected a petition by private schools to close in early November as planned, saying that they will have to run their school terms for an extra 3 weeks like the rest. This means that parents might be asked to pay additional school…

Sophie and Berry Odhiambo won a 3 bedroom bungalow worth KES 5 million in Ecobank’s Angukia Hao na Ecobank promotion. The promotion was a three month deposit mobilization. Joseph Kipkirui Ngetich and David Mwangi Rukwaro, first and second runners up took home KES 1,000,000 and KES 500,000 respectively.

Interest rates seem to be fluctuating quite regularly. The only question left is why? It seems to be a simple issue of supply and demand, but it can't be that simple; can it?

Publicly listed investment firm Centum Investments has raised 3.2 billion shillings through a private 5-year bond issue which is the largest such private issue in the history of Kenya’s Capital Markets. A private bond issue or placement means that Centum sought the funds from a small group…