The Stock Market today
The performance of the Nairobi Securities Exchange was better today. The NSE 20 Share Index performance was down 1.97 points to close at 3995.03 points. The All-Share Index performance was also down having lost 0.14 points to close at 87.71 HIGHEST VOLUMES Access Kenya was the highest traded…
Insanely Expensive Stuff: Apartments That Will Cost You Over KES 100,000
Success is like death. The more successful you become, the higher the houses in the hills get and the higher the fences get.” – Kevin Spacey They are not mere residences but an indication of your status in society. As opposed to standard apartments,…
What You Need to Know About Individual Retirement Plans
They say that it's never too early to begin to invest in your retirement. Even when making this choice you have several options, so just what do you need to know to help you pick best for yourself?
How Water Relates to Switching off Fake Phones
According to this article on Circle of Blue Nairobi water expects the payments via Mobile Money platforms to slow down following the switch off of, an estimated, 1.5 million phones. The rationale is pretty simple actually. 1.5 million phones represents a strong 5.14% of all mobile phones in the country (as…
Projected Pump Prices for October
The Energy Regulatory Commission (ERC) is over this weekend expected to announce reviewed fuel pump prices for the period starting 15 October, 2012 to 14 October, 2012. Based on the observed upward trend in international oil prices and weakening of the Shilling over the month of August, we…
SACCOs to Build KES500b Fund Alternative
Savings and credit societies are seeking to build up a KES 500 billion fund from which they can borrow at lower rates to meet the high demand for loans from their members and avoid expensive bank lending. This is the sectors bid to seek alternative financing to solve the liquidity…
Financial Reporting Centre to Cut Money Laundering
The Central Bank of Kenya has established a Financial Reporting Centre that will see cases of money laundering in the country reduced. The new centre which came into effect on Wednesday10th October requires that forex bureaus report any transactions exceeding KES 840,000 ($10,000) or anyone with transactions…
The Stocks We're Watching Today
Today on the Nairobi Securities Exchange we shall maintain our watch on Standard Chartered Bank, in light of ongoing rights issue. Also on our watch are the EA Portland Cement and British American Tobacco counters. See a summary of last yesterday’s share trading here. British American Tobacco…
8 Things You Should Know This Morning
1. CBK Moves to Cut Off Money Launderers The Central Bank of Kenya has issued new rules targeting money launderers in forex bureaus ahead of a crucial international meeting to blacklist countries with weak controls for illicit money. The regulations, which came into effect on Wednesday, require forex…
Ferry Service Employees Issue Another Strike Warning
Kenya Ferry Service employees have made plans to stage a strike on Friday, the 12th of October, 2012. According to Service officials speaking to Pesatalk during a telephone interview, the workers threatened to stop their daily operations unless they are compensated in accumulated bonuses…
Lessons From the Nairobi International Trade Fair
Kenyans are the best damn marketers in Africa. The guys south of the Limpopo have nothing on us, neither do the ones north of the Sahara. I mean, we build a road properly, something we were meant to do 20 years ago, and it becomes a super highway, with so much hullabaloo that we don’t notice someone has been stealing the damn signs as soon as they are up.
The Stock Market Today
The performance of the Nairobi Securities Exchange was better today. The NSE 20 Share Index edged closer to the 4000 mark, having gone up 14.06 points to close at 3997.00 points. The All-Share Index also performed better by 0.72 points to close at 87.85 points. HIGHEST VOLUMES…
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