8 Things You Should Know This Morning
What are we waking up to this morning? 1. State approves use of personalised number plates The Transport ministry has lifted a ban on modified number plates, handing businessmen, politicians and celebrities the freedom to pick preferred identification symbols for their vehicles. While the right to personalised number…
Why Fuel Prices Dropped Despite Rise in International Oil Prices
Kenyans this morning woke up to another drop in fuel prices, this coming despite rice in international oil prices. As posted in the August 2012 petroleum prices press release by the energy regulator, (ERC), the Free On Board (FOB) price of Murban crude oil lifted in July 2012…
Nokia Steps Up Smart Phone Competition
Nokia has stepped up its bid to reclaim the smart phone market in Kenya which has long been dominated by Samsung. Nokia has announced that the Nokia Asha Touch 311 smart phone is now available in Kenya. The Nokia Asha 311 is a compact touch screen device that…
NationMedia Launches NationHela
NationHela, a new international money transfer platform that allows you to send and receive money from anywhere in the world, was this morning, 15 August, 2012, launched at Nation Center. NationHela is a partnership between Nation Media Group and Diamond Trust Bank that is designed to…
Kenya has Reliable Food Supply, for Now
The country has a reliable supply of food, at least for now. According to the Agriculture Ministry PS, Romano Kiome, save for the North Eastern part of the country, crop production has been steady since the beginning of the year. In an interview with Reuters on…
CBA Posts 47% Profit Increment
Commercial Bank of Africa (CBA) has reported a profit increase of 47.1% for the six month period ending June 30th 2012. The bank made a profit before tax of KES 2.00 billion up from KES 1.36 billion the same period last year. The bank paid…
Top Grade Coffee Prices up as NCE Resumes
Prices of benchmark Kenyan coffee grades sold through the Nairobi Coffee Exchange (NCE) rose to KES 28,526 (USD 340) per 50 kg bag from KES 27,770.9 (USD 331) previously, according to an emailed report from the NCE. This follows the resumption NCE’s weekly coffee auctions since it took…
KRA Opposing Tax Exemptions on Food Items
A week ago the cabinet moved to exempt foodstuffs, seeds, and exercise books from the effects of the controversial VAT Bill 2012. However, KRA wants VAT charged on all items. KRA Commissioner General John Njiraini spoke to the media during ICPAK’s VAT Bill Forum…
Stocks 101 – What is a stock market?
This is part of a series of articles sponsored by NIC bank. NIC will be having a rights issue starting 27th August. Read more about their rights issue here. Simply put, a stock market is a market (like the Wakulima Market), only that the products being…
Stocks Watch
Here are the shares we will be closely watching during today's trading at the NSE.
1
