8 Things You Should Know This Morning
1. Thousands of Toyotas Recalled Over Glitch Three instances of steering ‘problems’ have been reported here, as Toyota recalls up to 34,500 Avensis and Prius models for inspection. It is part of a massive global recall in response to 20 reports of steering ‘knocking’. But…
British American Investments Shareholding [Chart]
so, just who are the shareholders in Britam?
Increased Share Dump For Eaagads
A worrying performance today at the Nairobi Securities Exchange as general movement showed loss of portfolio value for the All-share index. The index closed at 92.36 points, a drop from yesterday’s points by 0.26. Local investors on the general lost a few shillings on most of the stocks. The 20-share…
Githae Calls on Banks to Lower Rates Faster
Banks still have their base lending rates at between 18.5% and 22.5% despite the Central Bank lowering the base lending rate (CBR) to 11% beginning of November.
Government Plans for Capital Gains Tax on Oil Exploration Blocks
The government is in the process of working out a formula for taxing proceeds from oil explorers in the country. This has led to suspension of the sell of oil exploration blocks. Energy minister Kiraitu Murungi said during the East Africa Gas and Oil Summit 2012 that no firm will…
Marketing Gimmick or Crime?
The understanding of the term crime often excludes the concept of white collar crime. Many people will not group a fraudster with a violent robber. The law however creates all sorts of crimes and is quite heedless of social status when determining what constitutes a criminal act.
Petrol Prices Drop
Our predictions were right. Local fuel prices will as of midnight drop by KES 1.58, KES 0.26 and KES 1.14 for super petrol, diesel and kerosene respectively. Super petrol will retail at KES 113.68 from KES 115.54 in Nairobi, diesel at KES 105.85 from…
UAP Calls Investors For KES 750 Million Public Offer
UAP Holdings has called investors for the subscription of 12,5 million new ordinary sharesat a subscription price of KES 60 per share. The firm plans to raise KES 750 million in equity capital.
Citibank Cuts Base Lending Rate to 15%
Citibank has lowered its base lending rate to 15% down from 19%, a week after Central Bank lowered the CBR by 200 basis points to 11%. Inflation drop (4.14%) and a stable currency advised CBKs decision.
Standard Chartered Raises 5 Billion More than Sought
Standard Chartered had sought to raise 3.2 billion shillings in the rights issue but has raised 8.3 billion. The bank's rights issue was oversubscribed by 158.4 percent similar to the one in 2010 which raised 4 billion shillings against a a targeted 2.5 billion shillings.
New Fuel Prices to Be Posted Today, What to Probably Expect
The Energy Regulatory Commission (ERC) is today, 14 November 2012, expected to announce reviewed fuel prices for the period starting 15 November 2012 to 14 December 2012. Based on the latest drop in international oil prices and marginal depreciation of the Shilling over the month of October, what should we expect in the forthcoming fuel price review?
What Next for the Eaagad Stock Price?
“The NSE endeavours to build on its existing suite if products and services in order to meet the evolving needs of our domestic and international investors” – Mr.Bob Karina, Vice Chairman of the Nairobi Securities Exchange. There was yet another dip yesterday at the Nairobi Securities Exchange as the…
How Britam Went Digital in Doing Business
Within just over a decade, Britam has evolved from manually sifting insurance records to relying on a computerized systems capable of handling over 5 billion shillings in insurance premiums every year. Learn the story of this transition.
SA Firm Pushes For SACCO Life Insurance Loans in Kenya
South African insurance company, Metropolitan Life is offering SACCOS a complete cover for both loans and shares. The firm hopes to build its brand in Kenya while providing the public with new life insurance packages.
1
