How Mobile Phones are Tackling Poverty
Mobile telephony especially in Africa has moved from the mere provision of communication to creating new and bigger possibilities in markets and provision of services. From a communication device, it has transformed to a remote control of people’s lives, with big impacts on the quality of life especially in low-income…
Forex Trail – June 28th
Latest currency data from the Central Bank of Kenya website shows that the Kenya Shilling yesterday appreciated 9 cents to exchange at KES 84.26 to the US dollar up from KES 84.35 on Tuesday. The Shilling had on Tuesday depreciated 0.4 percent against the US dollar…
New System to Track Irregularities at the NSE
The market authorities have launched a surveillance system that will monitor transactions in real-time and help track irregularities in the Nairobi Stock Exchange. This new system will ensure equal information on stocks to all market players, and will send real time alerts and analysis to investors. Commenting on it, Stella…
CFC Insurance Holdings Profits Rise
CfC Insurance Holdings Limited (CfCIH) held its first Annual General Meeting (AGM) during which they announced a consolidated pretax profit of KSh 950 Million for the year ended 31 December 2011 up from KSh 260 Million in 2010. CfCIH, which was listed at the…
CFC Holdings Shareholders Approve Name Change
CFC Insurance Holdings will be changing its name to Liberty Holdings Kenya Limited. This came as the shareholders approved the change of name at the company’s Annual General Meeting (AGM) CFC Insurance Holdings, which listed at the Nairobi Securities Exchange (NSE) is the…
NSSF Real Estate Disposal to Adhere to RBA Rules
The National Social Security Fund (NSSF) has reiterated that ongoing plans to reduce its real estate portfolio will be undertaken in strict adherence to the Retirements Benefits Authority (RBA) regulations. According to NSSF acting Managing Trustee Tom Odongo, the ongoing process to reduce…
Budget Analysis: Understanding Taxation Proposals
Below is an analysis of the various taxation proposals in the 2012/2013 budget. The interpretation of each proposal we have listed has been sourced from the Institute of Economic Affairs 2012 Budget Guide. In regard to excise duties, there’s a proposal to revoke the status of…
Fake Phones and Unregistered SIM Cards on Notice
The governments intention to wipe out counterfeit mobile phones from the market is well on course, Information Permanent Secretary Dr. Bitange Ndemo has said. Speaking at the launch of Safaricom‘s Huawei 100Y phone, the PS said that the shut down of the counterfeit mobile phones could start…
Closing Bell – June 26 2012
INDICES In today’s trading, the NSE 20 share index gained 12 points to stand at 3,738 points from 3,726 points yesterday. The All-Share index today stood at 81.3 points from 80.90 points yesterday. Meanwhile, the FTSE NSE Kenya 25 index closed today’s trading at 110.13 points up from 109.79 points…
K-Rep Bank To Open More Branches
K-Rep Bank has disclosed that plans are underway to open at least 20 new branches countrywide by 2015. The SME lender which re-branded on Monday 25th says it plans to roll out more branches countrywide to ensure that it takes its services closer to its target clients…
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