Is This The End For Hedge Funds?
According to Sheelah Kolhatkar a features editor and national correspondent for Bloomberg Businessweek investment in Hedge Funds is likely to reduce. Will her predicted end of Hedge Funds have an effect on the Kenyan NSE? The California Public Employees’ Retirement System (Calpers)–the largest pension fund in the U.S.–intends to divest…
A Facebook Group Persuaded Coca Cola To Re-release Surge
The power of Social Media. In 1997, the Coca-Cola Co. (KO) ran an unusual commercial in which teenagers in baggy pants raced over sofas to snatch a bright green soda that nobody had heard of before. “Surge!” a voiceover exclaimed. “It’s a fully loaded citrus soda…
5 Things You Should Know This Morning – Sep 16
Locally Kenyan shilling hits 32-month low, stocks up The Kenyan shilling touched a 32-month low on Monday, under pressure from dollar buying by importers and lower hard currency inflows. At the close of trade, commercial banks quoted the shilling at 88.90/89.00 to the dollar, compared with Friday’s close of 88.80/88.90.
Cell Phone Fanatics Get A Special Lane
The cell phone craze is catching on in Kenya, but the Chinese have taken it to a new level. To avert accidents and disturbances attributed to mobile phone usage authorities in many parts of the world have banned using phones while driving or walking. However, a Chinese city has done…
REITS To Fund Real Estate In Kenya
Real Estate Investment Trusts (REITs), may soon be the option of choice for developers wishing to raise finances for their real estate projects in Kenya. “Njoroge Nganga, the Chief Executive Officer of Home Afrika said their projects are long term in nature and require significant capital injection. “REITs and…
5 Things You Should Know This Morning – Sep 15
Airtel taps into high-end clients with premier club Airtel has launched a club that provides cheap calling rates, data, website and free Sim replacement. It will enable premier customers to enjoy personalised credit services and facilities, an exclusive website, free Sim replacement, priority services and discount with preferred partners …
5 Things You Should Know This Morning – Sep 13
Kenyan shilling steady, shares in bourse hit high The Kenyan shilling was steady on Friday, but traders said there was still some pressure from increased importer dollar demand and lower inflows from tourism and tea exports. The main NSE-20 Share Index was up 8.29 points to close at 5,169.50 points.
Kenya Allows Entry For Liberian Students Stranded By Ebola Policy
Ebola now threatens relations between African countrues as illustrated below. The government of Kenya has expressed profound apologies and regrets for denying several Liberian students entry into the country to continue their academic studies. Kenya’s expression of commiseration of the action stemmed from Foreign Minister Augustine Ngafuan’s expression of concern…
5 Things You Should Know This Morning – Sep 12
Locally Kenyan shilling closes steady, Safaricom dampens stocks The Kenyan shilling closed unchanged on Thursday, but traders said it may weaken in coming days as the flow of dollars diminishes. Stocks ended four days of gains after Safaricom fell. On the secondary market, government bonds valued at 802.2 million shillings were…
China May Soon Go The Way Of Japan, Says Merrill Lynch
Kenya and China have increasingly improved relations since the turn of the century. The Chinese economy has since the 1980s grown in leaps and bounds, such that today China is the second largest economy in the world. However, a report by two analysts at Bank of America Merrill Lynch suggests…
Slim SIMS vs M Pesa In Kenya: Equity vs Safaricom
The battle between Equity and Safaricom has dominated news on the Kenyan corporate scene in recent times. Equity bank’s proposed introduction of thin SIM technology will threaten the dominance of Safaricom’s M Pesa in the Kenyan mobile money market. Safaricom therefore, has acted to protect its forte’. The 0.1 mm-thick SIM cards sit…
5 Things You Should Know This Morning – Sep 11
Kenya shilling weakens, stocks up on bourse’s newly-listed shares. The Kenyan shilling weakened on Wednesday due to dollar demand from importers in the energy and telecommunications sectors, while stocks rose for the fourth straight session. At close of trade at 1300 GMT, commercial banks quoted the shilling at 88.75/85 to…
Capital Gains Tax: The Good, The Bad and The Ugly
Last week, the Kenyan parliament voted to reintroduce capital gains tax. It had been suspended 29 years ago in order to spur growth in the securities and property market. The motion is currently awaiting President Uhuru Kenyatta’s signature after being approved by parliament. Like Zacchaeus the tax…
Will Ebola Spoil The Party? – Impact of ban on tax in Kenya
The thought of an Ebola Pandemic is scary because of the potential effects on the modern globalized economy. Kenya banned flights from Guinea, Sierra Leone and Liberia from entering into the country. Other airlines such as British Airways have also suspended flying to the affected countries. The ban is bound…
Nairobi’s Changing Skyline: Commercial Real Estate On The Rise
The Nairobi skyline is among the most recognisable cityscapes in the world. For over 40 years, the iconic upturned hut atop the Kenyatta International Conference Centre (KICC) has helped people immediately recognize the profile of “The Green City in The Sun”. Standing tall at 105 metres, the KICC has become…
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