Stocks 101 – The Nairobi Securities Exchange
This is part of a series of articles sponsored by NIC bank. NIC will be having a rights issue starting 27th August. Read more about their rights issue here. In 1951, an Estate Agent by the name of Francis Drummond established the first professional stock broking…
8 Things You Should Know This Morning
What are we waking up to this morning? 1. State approves use of personalised number plates The Transport ministry has lifted a ban on modified number plates, handing businessmen, politicians and celebrities the freedom to pick preferred identification symbols for their vehicles. While the right to personalised number…
Closing Bell – 15 August 2012
A summary of today's share trading activity at the NSE
Why Fuel Prices Dropped Despite Rise in International Oil Prices
Kenyans this morning woke up to another drop in fuel prices, this coming despite rice in international oil prices. As posted in the August 2012 petroleum prices press release by the energy regulator, (ERC), the Free On Board (FOB) price of Murban crude oil lifted in July 2012…
How Much Did Kenyan Banks Make From You?
It's half year results time and banks are showing exactly how well they did but how much of this money did they make off their customers?
Nokia Steps Up Smart Phone Competition
Nokia has stepped up its bid to reclaim the smart phone market in Kenya which has long been dominated by Samsung. Nokia has announced that the Nokia Asha Touch 311 smart phone is now available in Kenya. The Nokia Asha 311 is a compact touch screen device that…
NationMedia Launches NationHela
NationHela, a new international money transfer platform that allows you to send and receive money from anywhere in the world, was this morning, 15 August, 2012, launched at Nation Center. NationHela is a partnership between Nation Media Group and Diamond Trust Bank that is designed to…
Kenya has Reliable Food Supply, for Now
The country has a reliable supply of food, at least for now. According to the Agriculture Ministry PS, Romano Kiome, save for the North Eastern part of the country, crop production has been steady since the beginning of the year. In an interview with Reuters on…
CBA Posts 47% Profit Increment
Commercial Bank of Africa (CBA) has reported a profit increase of 47.1% for the six month period ending June 30th 2012. The bank made a profit before tax of KES 2.00 billion up from KES 1.36 billion the same period last year. The bank paid…
Top Grade Coffee Prices up as NCE Resumes
Prices of benchmark Kenyan coffee grades sold through the Nairobi Coffee Exchange (NCE) rose to KES 28,526 (USD 340) per 50 kg bag from KES 27,770.9 (USD 331) previously, according to an emailed report from the NCE. This follows the resumption NCE’s weekly coffee auctions since it took…
City Council Owes Pensioners KES10.8 Billion
You’ve planned for your retirement. Your pension plan is just waiting for you to punch out for the last time. You tell your co-workers goodbye and begin the final journey towards your golden years. There’s nothing to worry about. Right? Well here's something to think about.
The Five Disruptions
All over the globe, there are five things that are causing ripples in business and industry and shifting the fault lines of how urban and rural households organize their affairs. The Bean Counter tells us more about the five things that you should keep your eye on if you intend to be the country, or generally alive, for the next 10 years.
My Lipstick and I
It’s the bad side of mid-month, the nineteenth. Your money and your wallet seem to be colluding in the world’s most annoying game of hide-and-go-seek, without your permission. Yet for some reason you can’t resist the urge to dig deeper, to walk over to the booth, introduce yourself and at least attempt to lure her away – if only to get to know her name.
The games we play with our money, and women.
KRA Opposing Tax Exemptions on Food Items
A week ago the cabinet moved to exempt foodstuffs, seeds, and exercise books from the effects of the controversial VAT Bill 2012. However, KRA wants VAT charged on all items. KRA Commissioner General John Njiraini spoke to the media during ICPAK’s VAT Bill Forum…
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