KES 25.5 Billion Loan to De-congest Nairobi
Kenya has signed a credit deal with the World Bank totaling US$300M (KES 25.5 Billion) which will be used to fund the National Urban Transport Improvement Project (NUTRIP). The concessionary loan would be repaid within 30 years at the rate of 0.75%, with a…
Unga Group Profit Drops 21 Pc Despite Revenue Growth
Manufacturer of flour and maize meal products Unga Group has released full year results for the year ended June 2012 with a decline in post-tax profit to 348.2 million shillings from 441 million shillings earned in 2011. Comparatively, the company’s post-tax earnings rose 88 percent between 2010…
Will Your Phone be Switched Off?
It is estimated that there are about 680,000 counterfeit phones on Safaricoms’ network, 100,000 on Airtel Kenya, 45,000 on yuMobile and 20,000 on Telkom Kenya that will be switched off on 30 September 2012. Is your phone amongst the unlucky few? Earlier this week a rumor…
Speculative Investing: What does it Mean?
We looked at value investing earlier this week. Now we look at exactly what speculative investing is and why you should even bother.
The Stocks We Are Watching Today
Here are the shares we will be closely watching in today’s trading at the Nairobi Securities Exchange: See a summary of yesterday’s share trading here. CFC Stanbic Rights – 8600 rights were traded yesterday compared to 15000 the previous day representing a 43% decrease in the trade volume. As such,…
NSSF Bill receives PS' Support
The ongoing efforts by the National Social Security Fund (NSSF) to secure the support of key stakeholders ahead of a scheduled transformation programme have received a shot in the arm from the civil service top guns. The draft National Social Security Pension Trust Bill 2012…
8 Things You Should Know this Morning
1. Kenya Troops Take Control of Kisimayu KENYA DEFENCE Forces take control of Kismayu, the last remaining al-Shabaab stronghold in Somalia. 2. Energy Minister Cancels Oil Import Tending Following Queries on Pricing The ministry of Energy was on…
Why businesses should fund politicians and their parties
Sometimes the best course of action that a politician can take is to be in bed with big business.
The Stock Market Today
INDICES The NSE 20 Share Index today performed 29.63 points better to close at 3,980.53 from 3,950.90 points yesterday and the All-Share Index alsorose by 0.76 points to close at 86.98 points from yesterday’s 86.22. Image source: “FILE” HIGHEST VOLUMES Safaricom shares were for a third day the most traded shares at the…
Budgeting: The 60% Solution
If you are determined to live within your means so that you can save up for your future, then this is the budgeting system for you. The 60 percent solution is a personal budgeting system by MSN Money author, Richard Jenkins. All you have to do…
How Cell Phone Shut-down Will Affect Mobile Money
With barely three days to the massive counterfeit mobile phone switch off by Communications Commission of Kenya, more than one thing is at stake. People will be cut off from the regular communication network, cost will be incurred in acquisition of new phones and most…
Your End of Month Shopping: Nakumatt VS Uchumis’ Price Cuts
Nakumatt and Uchumi have unveiled their end of month price cut offer on some of their goods. We have compared the prices of some of the related items to give you a picture of where you will get the best deals. Check out our price comparison below:…
3 Lessons From Disappointing Investments
Rationality is often sacrificed when in hot pursuit of investments that seem to be too good a deal.Often blinded by emotions and misinformation,these pursuits always end up in deep disappointment.Fortunately,over the years,studies by psychologists on the subject of behavioral finance and several well documented failed investments provide us…
Counterfeit Phones, the Details
The CCK have put their foot down, counterfeit phones will be put off on 30th September, no matter what. Where has this come from? Why are they putting off phones? We take a look at counterfeit phones in Kenya, and their story.
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