Closing Bell
INDICES The NSE All-Share Index today lost 0.16 points to close at 82.31 points from yesterday’s close of 82.47 points while the NSE 20-Share Index closed down 1.98 points at 3,793.32 points from yesterday’s 3,795.30 points. Source: FILE HIGHEST VOLUMES Uchumi today…
Barclays Slashes Lending Rate
Barclays Bank of Kenya has announced it would be cutting its base lending rate by 1.5% effective 1st August 2012. This comes a day after the Central Bank of Kenya‘s Monetary Policy Committee cut its lending rate by a similar margin. Following the decision…
Counterfeit Phones Denying Consumers Benefits of Genuine Ones
Nokia General Manager speaks out against the use of counterfeit handsets in the region.
ERC Promises Cheaper Cooking Gas
The Energy Regulatory Commission has indicated that cooking gas will be cheaper from August this year. Speaking at a media briefing ERC Director General Kaburu Mwirichia said that Liquid Petroleum Gas (LPG) prices were expected to drop upon completion of the storage facility in Mombasa.
The VAT Bill Proposals A Heavy Burden For Consumers
Proposals in the VAT bill 2012 if passed will hit the common citizen hard by increasing the cost of items on shelves. The draft bill which was discussed and approved by the Cabinet in February proposes to scrap the lower VAT rate of 12% and remove the zero rate on…
Kenya Committed to EAC Unified Currency Plans
Will the East Africa Community soon have a unified currency?
CBK Rate Reduced, Bank Loans and Shilling could show effects
what are the effects of the lowered CBR?
Immigration Department Revises Travel Document Fees
The price of passports has just gone up, according to the latest release from the immigration department.
International Crude Oil Prices Drop Further
Pump prices may go down after the price of crude oil drops to the lowest price since January 2011.
Closing Bell – 5 July 2012
INDICES The NSE All-Share Index today dropped 1.1 percent to close at 82.47 points from 83.39 points yesterday while the NSE 20-Share Index gained 4.5 percent to close at 3,795.3 points from 3,631.2 points yesterday. HIGHEST VOLUMES Like…
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