The Stocks We're Watching Today
Our focus today on Nairobi Securities Exchange stocks watch shall be on the banking and agriculture sector with specific focus on 2 counters (one in each) See a summary of yesterday’s share trading here. Williamson Tea Kenya Ltd – The stock was one of the top losers yesterday…
8 Things You Should Know this Morning
1. Kenya Power Begin to Use GPS to Prevent Theft of Electricity Kenya Power will install Global Positioning System (GPS) technology into its meter-reading devices to curb electricity theft and boost collection. The hand-held equipment will be used to track geographical positions of meters and will relay…
End Month Oddities
You got drunk because it’s “end month”. You over shopped because it’s “end month”. We’re all familiar with this phenomenon. Chaos breaks out in the city of Nairobi. The instant that lovely text message from your bank tells them that a deposit has been made, and that the new account balance is significantly higher than it was a few days before, Kenyans go bonkers. And they justify it in three words "It's end month"
The Stock Market Today
The NSE 20 Share Index closed at 3945.25, a decrease of 20.5 from yesterday’s points. The All-Share Index performance dropped by a further 0.54 from yesterday’s 87.17 points to close at 86.63. The month of October has thus far seen a general downward trend in the market’s performance as the points drop…
CIC Unveils Low-Cost Insurance Policy
CIC Insurance has launched a low-cost cover package for members of the informal sector. The new product, dubbed Nuru Ya Jamii, is a house, life and personal accident insurance policy that allows low income earners to insure their homes for as little as KES 480 a…
StarTimes Media Arrives in Kakamega
With the digital migration fast gaining momentum, StarTimes Media Kenya, through its Facebook page has announced its official arrival in Kakamega. Residents of Western Province and its environs can now enjoy high quality digital broadcasting from StarTimes. A starTimes decoder retails at KES 2,999…
Traits of Poor Financial Management
“Of the billionaires I have known, money just brings out the basic traits in them. They were jerks before they had money; now they are simply jerks with a billion dollars.” – Warren Buffet Is your house full of things you don’t need, overwhelmed…
Expensive Deposits Slowing Interest Rate Cuts
One month after the Central Bank of Kenya cut the base lending rate, the response by banks to reduce their lending rates has been slow. Although a number of banks have already implemented their rate cuts, with some setting mid this month as their dates,…
Standard Chartered Offers Second Rights Issue
The Standard Chartered Bank today morning announced a rights issue that is to commence on 9th October – exactly 1 week from today – and end on 26th October making the total period 3 weeks. This is the second Rights Issue the bank has had, with the…
Planning Ahead: Motor Insurance
Car insurance is one of those things that are never really useful until they are useful. Until someone hits you, or vice versa, it is just another expense that you'd rather ignore. What are your options with this?
FTSE Government Bond Index to Take Effect Tomorrow
Starting tomorrow the 3rd of October, Government of Kenya Treasury Bonds listed on the Nairobi Securities Exchange (NSE) will be measured by the new FTSE NSE Kenyan Shilling Government Bond Index borne through collaboration by the NSE and FTSE – the international index company.
Some Genuine Phones Succumb to Switch Off
Some mobile phone users found themselves victims of the recent counterfeit phone switch off despite having genuine handsets. We stumbled on such a case on Airtel Kenya Twitter handle where a user complained that his original phone had been switched off. Shedding light on the counterfeit…
WiFi Coming Soon to Your Favourite Restaurant
EatOut Kenya, Google and Wazi WiFi are teaming up to provide restaurant owners in Nairobi with internet solutions for their customers. This, they say, will help restaurant owners grow their businesses as well as offer patrons value added services.
The Stocks We Are Watching Today
Our focus today on Nairobi Securities Exchange stocks watch shall be on whole sectors and we will direct our attention towards the agricultural sector and the banking sector: See a summary of yesterday’s share trading here. Agricultural Sector – This sector has in it agrarian-based counters such…
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