The notorious Nairobi traffic jams could soon be a thing of the past as developments in the railway system takes shape. Yesterday, Kenya Railway Corporation opened the new connection line to the newly refurbished Syokimau sub station. The new line, the first one built by Kenya since…

At the close of trading at the NSE yesterday, the NSE 20-share index stood at 3,627.64 while the All-share index stood at 78.20. The total shares traded during the day stood at 9.085 million equating to an equity turnover of KES 166.82 million. In today’s trading we will be watching…

Below is a table of the performance of the Kenya Shilling against the major international currencies and the currencies of our neighbouring countries in the last two sessions, Monday 28 May 2012 and Tuesday 29 May 2012. Currency Date US Dollar Euro Sterling Pound SA Rand KESUSHS KESTSHS KESRWF Monday…

The Kenya Airways Rights Issue has essentially quadrupled the number of shares. Analysts believe the share price could drop, to even four times the present value once the new shares begin trading on the securities exchange.

Gainers Price          Change Uchumi Supermarket 17.05 10.00% Eveready East Africa 1.95 8.33% Crown Berger 31.00 6.90% Pan Africa Insurance Holdings 31.50 5.00% Unga Group 12.70 4.53% Losers Price         Change Housing Finance Company Limited 15.00 5.06% Cooperative Bank…

The Parliament today set to out discuss  the latest Cellular Mobile Quality of Service Performance Assessment Report for all the mobile phone operators in Kenya. The report prepared by the Communications Commission of Kenya (CCK) points out  quality of service compliance by mobile phone operators. CCK requires that of…

Paysure Limited has today partnered with Kenswitch and Chase bank to offer an online payments platform, to tap into the growing ecommerce market in the region. Kenswitch member-bank cardholders can now make purchases on the internet using their debit or prepaid cards. One…

Nakumatt Holdings Limited has petitioned the government to consider formulating a retail sector development policy in the country.  Basing on the the recently released National Economic Survey 2012 results, Nakumatt Holdings Regional Strategy and Operations Director Mr. Thiagarajan Ramamurthy, has implored the government to consider hosting a consultative forum with the…

Below is a comparison of the performance of the Kenya Shilling over the last two trading days: Currency US Dollars Sterling Pounds Euro SA Rand KES/USHS KES/TSHS KES/RWF Date 25/05/2012 85.3153 133.5134 106.9232 10.184 29.186 18.6368 7.0621 28/05/2012 85.3958 134.1424 107.5728 10.2703 29.0648 18.6193 7.0555   As we can see,…

The Kenya Airways Rights Issue has been a hot topic for many. Some were optimistic, many were sceptical and others down right pessimistic. Analysts say that the shares may be oversubscribed. Whether or not that will be, the share has recovered to trade well above the KES 14 rights price.