8 Things You Should Know This Morning
A couple of things you are waking up to this morning: 1. K-Rep Bank profit rises 25 per cent on back of loan income- Business Daily 2. What investors should learn from Olympics- Business Daily 3. Mbao pension plan registers 149pc growth – Business…
AGOA Extension To Spare Thousands their Jobs
Over 32, 000 Kenyans working in Kenya-base US textile factories will maintain their jobs after all. This follows US Congress’ vote for a three-year extension of the African Growth and Opportunity Act on Thursday 2nd 2012. The AGOA preferential trade programme which was established in May 2000, was meant to…
International Oil Prices Rise
Anticipate an increase in fuel prices as international crude oil prices begin to rise. Latest statistics released by Abu Dhabi National Oil Company show that the Free On Board (FOB) price of Murban crude oil lifted in July 2012 increased by 4.5 per cent to retail…
Nakumatt Opens Cinema Hall
Regional retailer Nakumatt Holdings has expanded its entertainment services provision with the opening of a Cinema Hall at Nairobi’s Westgate Mall. As part of Nakumatt’s strategic business development plans, Planet Media Cinema a KES 80 million investment has now opened its doors barely three…
8 Things You Should Know This Morning
1. Urban transport systems set for Sh35bn upgrade- Business Daily 2. Safaricom saves billions in new deal with Vodafone- Business Daily 3. Dating can be very costly, exercise restraint- The Standard 4. The costs that accompany aging without savings- The…
Sasini Warns of Quarter Drop in 2012 Earnings
Sasini Ltd has issued a profit warning projecting that earnings for the financial year ended 31st September 2012 will be at least 25 percent lower than what the company made last year. “The Board of Directors of Sasini Limited Wishes to inform the shareholders of the…
Weekend Reading
A collection of articles to keep you company this weekend: 1. Business lessons from the unending buzz of a beehive- Business Daily “All a bee does is in anticipation of the future. When a lucrative vein of nectar is found, the entire colony doesn’t rush to mine it…
Closing Bell – 3 August 2012
For a fifth day today the NSE 20 Share Index declined to lose 3.6 percent and close at 3,687.72 points from 3,825.08 points yesterday while the All Share Index gained 3 percent to close at 85.40 points from 82.98 points yesterday. Source: FILE HIGHEST…
Bamburi Half Year Profit Falls 13% Despite Growth in Turnover
Bamburi Cement has posted a 13 percent decline in pre-tax profit to 3.7 billion shillings for the six months ended June this year down from 4.2 billion shillings last year despite a 17 percent growth in revenue. The largest manufacturer of cement in East Africa…
Get Your Blackberry Queries Answered
Airtel Kenya, through its twitter handle has posted a public invitation to a Blackberry clinic to be held from 3rd August to 5th August at Airtel’s shops in Sarit Center and Westgate. Members of the public will have their Blackberry queries answered plus they…
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