8 Things You Should Know This Morning
1. CBK to License Independent Remittance Providers The Central Bank of Kenya has released a draft proposal to have independent money remittance providers (MRPs) licensed. CBK has developed draft Regulations on International Money Remittance Business to be issued to key stakeholders for public…
CBK to License Independent Remittance Providers.
The Central Bank of Kenya proposes to license stand alone money remittance service providers in a bid to regulate and control the diaspora remittance business which is growing at fast rates.
British American: Good For Insurance, Bad For Tobacco
Performance in the Nairobi Securities Exchange was wanting today, with both major indices showing decreased performance. The 20-Share Index closed at 4152.11, down 7.62 points from Friday. The All-share index followed suite closing at 92.913, down 0.03 points from Friday. This is the second time in a fortnight that both…
The Proposed NSSF Bill Saga: A Government Divided
The proposed NSSF Transformation Bill promises to give every Kenyan a chance to prepare for their future. The Retirement Benefits Authority has doubts about the plan's feasibility.
Could Shares Have Made you Money This Year?
With 50,000 shillings, just how much would have made from the stock market from late last year? We play out this scenario using a selection of shares.
Emirates Half Year Profits up 68% as KQ Posts KES 4b Loss
Emirates has announced a half year net profit of KES 48.88 billion for the 6 months to 30th September 2012 riding on stable passenger numbers. In the same period, Kenya Airways, reported a KES 4.7 billion loss citing falling passenger numbers.
1 Million Hectolitres of Beer a Year From Keroche
Keroche Breweries Limited is constructing a 1 Million-a-year hectolitre brew house (250 hectolitres per brew) in order to introduce two new beer brands and meet demand for the existing two, Summit Larger and Summit malt. This comes at a time when brewer plans to raise its share of…
Battle of the Digital Migration: December Price Comparison
The communications industry regulator (CCK) postponed its self-imposed December 2012 national deadline for digital migration to after next year’s General Election. The high cost of acquiring set top boxes was cited as the prohibiting factor to the digital migration. Just how have the providers reacted to this?
Safaricom Wins CoG Awards
Just three weeks after winning KRA's tax race by emerging the top taxpayer in the country, Safaricom has won this year’s Champions of Governance Awards (CoG), with the mobile operator's CEO Bob Collymore being named the Chief Executive Officer of the Year.
Of British(American) Stocks
Last Friday, the performance at the bourse perked up with both major indices recording increased operation. The 20-share index closed at 4159.73 and the All-share at 92.94 points. Our focus today shall be on British-American Tobacco (BAT Kenya) and British-American Investments (Britam)….no relation. British American Tobacco – It’s been barely two…
Balancing Books May be More Important Than You Thought
I was terrible with accounts back in school. The numbers confused me, they never balanced or behaved and I never understood the point of all those ledgers and books. To this day, I still cannot make sense of it all, the details that is. I am, however, fully aware of the importance of the process and some of the reasons why a business must have a reliable accounting system. Are you?
From Britak to Britam: Why Did They Rebrand?
This article is part of a series sponsored by Britam “The new look will embody our corporate strength and growth potential, emphasizing our innovativeness, efficiency and reliable customer service.” – Britam Public Address When a famous brand decides to change…
8 Things You Should Know This Morning
1. Poll Shows that There May not Be a Run Off A new poll by research company Infotrak says Raila Odinga could clinch the presidency in the first round next year, depending on who he picks as his running mate. The poll…
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