SACCOs to Build KES500b Fund Alternative
Savings and credit societies are seeking to build up a KES 500 billion fund from which they can borrow at lower rates to meet the high demand for loans from their members and avoid expensive bank lending. This is the sectors bid to seek alternative financing to solve the liquidity…
Financial Reporting Centre to Cut Money Laundering
The Central Bank of Kenya has established a Financial Reporting Centre that will see cases of money laundering in the country reduced. The new centre which came into effect on Wednesday10th October requires that forex bureaus report any transactions exceeding KES 840,000 ($10,000) or anyone with transactions…
The Stocks We're Watching Today
Today on the Nairobi Securities Exchange we shall maintain our watch on Standard Chartered Bank, in light of ongoing rights issue. Also on our watch are the EA Portland Cement and British American Tobacco counters. See a summary of last yesterday’s share trading here. British American Tobacco…
8 Things You Should Know This Morning
1. CBK Moves to Cut Off Money Launderers The Central Bank of Kenya has issued new rules targeting money launderers in forex bureaus ahead of a crucial international meeting to blacklist countries with weak controls for illicit money. The regulations, which came into effect on Wednesday, require forex…
Ferry Service Employees Issue Another Strike Warning
Kenya Ferry Service employees have made plans to stage a strike on Friday, the 12th of October, 2012. According to Service officials speaking to Pesatalk during a telephone interview, the workers threatened to stop their daily operations unless they are compensated in accumulated bonuses…
Lessons From the Nairobi International Trade Fair
Kenyans are the best damn marketers in Africa. The guys south of the Limpopo have nothing on us, neither do the ones north of the Sahara. I mean, we build a road properly, something we were meant to do 20 years ago, and it becomes a super highway, with so much hullabaloo that we don’t notice someone has been stealing the damn signs as soon as they are up.
The Stock Market Today
The performance of the Nairobi Securities Exchange was better today. The NSE 20 Share Index edged closer to the 4000 mark, having gone up 14.06 points to close at 3997.00 points. The All-Share Index also performed better by 0.72 points to close at 87.85 points. HIGHEST VOLUMES…
Is The Customer Always Right?
Does being the customer automatically translate into your being right all the time? Well, apparently not.
Steps To Finding The Ideal Financial Advisor.
The advent of the computer and the subsequent inter-connectivity due to the internet has meant that getting information on an investment or investment advice has become quite easy and cheap.The advantage of this is that today’s investor is quite knowledgeable about his preferred investments but does it entirely…
Is Airtel the Next Big Thing?
Latest statistics from Communication Commission of Kenya (CCK) show that Airtel recorded the largest gains in new subscriptions. Airtel recorded a 9.6 percent growth over the period between April and June 2012 in comparison the the previous quarter bringing the total number of new subscription to 430,726. Yu…
KQ Receives 3rd Plane in Expansion Plan
National carrier Kenya Airways has received the 3rd aircraft in its expansion program. The aircraft is KQ’s 12th Embraer Ejet which is also the 900th Ejet ever produced. “It is a real honor for Kenya Airways to be part of this highlight in…
Numbers Say: Rights Issue Beats Bonus Issue
Offers of rights issue and bonus share issue have the same effect on stock but have fundamentally different approaches to doing so. Both of them offer the shareholder a chance to own more shares but at the cost of having their shares valued at a lower price. Here’s…
8 Crucial Things When Applying for a Construction Loan
A report by NIC Bank and Housing Finance states that Kenyans are in desperate need of decent and affordable housing. The survey reports that 84% of the country’s urban population lacks the means to even take up a mortgage. In light of these developments, some lenders have…
What Pewa Could Learn From its Predecessors
Orange Kenya recently unveiled a new service dubbed Pewa which allows prepaid subscribers to purchase airtime on credit and pay later. This service is more or less similar to what Safaricom and Airtel offers their subscribers in form of Okoa Jahazi and…
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