Centum Raises 3.2 Billion in Largest Private Bond Placement
Publicly listed investment firm Centum Investments has raised 3.2 billion shillings through a private 5-year bond issue which is the largest such private issue in the history of Kenya’s Capital Markets. A private bond issue or placement means that Centum sought the funds from a small group…
Genuine Phones in the Market That Cost Less than KES 1,000
Are you in a rush to beat Communications Commission of Kenya (CCK) 4 days deadline to switch off all counterfeit phones or just searching for a phone that will cost you less than KES 1,000? We have compiled a list of different phones in the Kenyan market that cost no…
Pay for Your Parking, by Card
The days of having to stop to wait for your KAPS ticket may be coming to an end sooner than you think. Sarit Centre is working in conjunction with software developers and managers of the public car parks (currently KAPS Ltd) to introduce a pre-paid parking card.
Stocks We Are Watching Today
The shares we will be closely monitoring at the stock market today
KRA Hopeful to Hit Target Despite a Sub Par Growth
Revenue data for the first two months of the current financial year shows that the Kenya Revenue Authority (KRA) may be lagging behind in realizing its annual target of achieving a 23% growth for the whole financial year. KRA has set a target of collecting KES 870.5 billion in taxes this year, over…
8 Things You Should Know this Morning
1. E Pill Sales Soar Rising sales of emergency contraceptives commonly known as “morning-after pills” is worrying experts, following growing abuse by Kenya’s sexually active youth. E-pills are used to prevent pregnancy within 120 hours of intercourse and are available over the counter, with trade reportedly booming in…
Experience Events: Have An Experience Bank Account
I assure you, it’s not a banking product, but it ought to be. Experience by definition is “Practical contact with and observation of facts or events”. Experience needs money. Maybe we should have a bank account purely for that purpose.
The Stock Market Today
The NSE 20 Share Index today gained 8.56 points to 3,950.97 points from yesterday’s 3,942.41 points while the All Share Index gained 0.14 points to 86.43 points from 86.29 points previously. Image source:”FILE” HIGHEST VOLUMES Safaricom shares were today the…
Planning Ahead: House Insurance
Property insurance is not as simple as it sounds. There are a number of factors involved long before anyone can apply for a policy. So what are these figures and facts, and where should you best insure?
The Hidden Costs Of Technology
Whether buying a new computer, smart phone, tablet or laptop, we’re all exposed to technology in one way or another. We run to buy the “in thing” because it will keep us ahead of our peers. What we don’t know is that we’re buying medical check-ups and lifetime diseases. That…
Postbank is now Chase Bank Agent
Chase Bank Kenya has announced that it will be using Postbank branches countrywide as its agents beginning today. In a statement on the official Chase Bank facebook page, the bank said Postbank will from today act as its agent providing clients…
Kenyans set for 100% Housing Loans from Britam
Britam has unveiled a new service that will allow potential home-owners to apply for 100% financing on mortgages. The product, dubbed Collateral Replacement Indemnity (CRI), is the first of its kind in Kenya. Britam adopted the idea from Home Loan Guarantee, a South African…
Stocks We Are Watching Today
Here are the shares we will be closely watching in today’s trading at the Nairobi Securities Exchange: Unga Group – The shares closed at KES 15.10 at the end of trading yesterday. Sharper growth has been noted since the beginning of September with possible causes being…
Housing Finance to Sell KES 3B Shillings Bond
Mortgage provider Housing Finance will sell the second tranche of its 7-year bond next month to raise KES 3 billion, the firm announced yesterday. This will be the second and final tranche of a KES 10 billion medium term note that was approved by the…
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