8 Things You Should Know This Morning
Top stories in financial news this morning: 1. Fuel Prices Drop Further Contrary to our predictions fuel prices dropped further for the third time, consecutively. Super petrol is now retailing at KES 106.48 per liter in Nairobi while diesel and kerosene now retails at KES 97.09…
Fuel Prices Drop Further
Contrary to our predictions fuel prices dropped further for the third time, consecutively. Super petrol is now retailing at KES 106.48 per liter in Nairobi while diesel and kerosene now retails at KES 97.09 and KES 73.97 per liter. Sources from the petroleum…
Closing Bell – 14 August 2012
A summary of trading activity at the NSE today
This Word "Rebranding"
Rebranding is such a daunting word at times. What has this word done to some companies in Kenya?
BOC Kenya profits rise 57%
BOC Kenya Limited has announced a 57.2% rise in half year pre-tax profits to KES 18.4 million for the six months ended June 2012 from KES 75.30 million the same period last year . The industrial and medical gases, welding equipment and consumables,…
Consolidated Bank Cuts Lending Rate
Consolidated Bank has announced that it will lower its base lending rate to 22.5% beginning September 1st. The bank’s decision to lower the base lending rate comes a month after the Central Bank’s Monetary Policy Committee lowered the CBR to 16.5% from 18%. The bank…
Real Time Traffic Alerts on Your Phone
The International Business Machines (IBM) Corporation East Africa is developing a mobile traffic management system that will make use of mobile phone signals. This will enable commutters and motorists avoid traffic snarl ups by using alternative routes. The phone signals will be generated from mobile devices of…
Fuel Shortage or Hoarding?
With the ERC expected to increase the pump prices of fuel timely lack of fuel stock is rather suspicious.
StanChart, DTB, NIC in Capital Raising Bid
Three commercial banks listed at the Nairobi Securities Exchange (NSE) are seeking to raise capital from the market totaling about KES 7 billion. Standard Chartered, Diamond Trust and NIC Banks are seeking to raise KES…
KRA Logbook Delays Infuriate Everyone
Automobile dealers in Kenya and their clients have been hit by the effects of logbook delays at KRA. Previously, it took just two weeks to get logbooks but today, it may take upto a month to get the same. This has resulted to slow…
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