The Stocks We're Watching Today
In light of the anticipated global increase in tea price, our focus on the Nairobi Securities Exchange shall be on the Williamson Tea counter. We shall also be looking at Scangroup Ltd and Standard Chartered Bank, because of the rights issue that commenced yesterday and the expansion plan.
Government Pushes for Transparency in the Insurance Sector
The Internal Revenue Authority (IRA) is making moves to ensure transparency and effective service delivery within the insurance sector. According to the Authority, the initiative will enable Kenyans to better understand their cover policies as well as enforce a more open system of information within the…
8 Things You Should Know this Morning
1. Kibaki Rejects KES Billion MPs Bonus Package President Kibaki on Tuesday night shattered the MPs dream of a Sh2 billion sweatheart send off when he declined to sanction the deal stating the country’s economy was unable to shoulder an extra financial burden. “The President objected to the amendment…
Mobile Money Subscriptions Expand 12.13%
Mobile money transfer subscriptions grew by 12.13% from 17.3 million recorded at the end of the financial year 2010/11 to 19.5 million at the end of the 2011/12 financial year. This is according to a recent statistics report by the Communication Commission of Kenya…
Let the Taxpayer Eat Cake
“Finally I recalled the stopgap solution of a great princess who was told that the peasants had no bread, and who responded: "Let them eat cake”." When the rich make decisions that affect the poor they can't be objective. because they can't see how such circumstances can exist. That's just they truth.
How Government Acquisition of Land Works
Your land may become desirable for acquisition by a public body subject to the relevant Minister's discretion. The government must compensate you if this happens according to the Laws of Kenya.
The Stock Market Today
The NSE 20 Share Index edged closer to the 4000 mark having closed at 3983.16 points, a increase of 11.49 from last yesterday’s points. The All-Share Index performance was up 0.22 points to close at 87.19. HIGHEST VOLUMES Mumias Sugar Company was the highest traded counter again…
Kenyans On Twitter Protest MPs Bonuses (Pictures and Tweets)
Incensed by the MPs move to award themselves a bonus of KES 9.3M at the end of their term, Kenyans on Twitter took to the the streets to protest against the move. Unified under the hashtag #KOTAgainstMPsBonus, they assembled at Bata Hilton and marched to parliament. [View the…
Tallest Residential Building in Nairobi Set for Construction
Kenya is set to see the construction of a 22 storey luxury apartment and business complex that will be the tallest residential building in Nairobi. The project, dubbed Le’ Mac, follows the recent luxury housing boom which has prompted developers like My…
The Scam: KES 800 for a SIM Card
You’ve probably spotted a group of young guys outside Junction Shopping mall, on select days, masquerading as Airtel Kenya promotion agents. Their strategy is simple; they target you, walk up to you and present you with an Airtel SIM card saying it’s yours for free. Once you stop…
CBK Licences 7th Deposit Taking Microfinance
The Central Bank of Kenya has granted a license to Century Deposit Taking Microfinance (DTM) Ltd to carry out nationwide deposit-taking microfinance business. This is the seventh Deposit TM institution to be licensed. Central Bank said that Century DTMs’ primary focus is agricultural finance and,…
Kenyans Rally Against MPs Hefty Bonus
The move, sponsored by MP Adam Kenyan, to pass an amendment to the salary and Remuneration act that gave the MPs a KES 2.1 Billion send off package may have had a larger impact on Kenyans than he thought. When tied with the introduction of a 10% excise duty on…
The Stocks We're Watching Today
Our focus today on Nairobi Securities Exchange stocks watch shall be on the agricultural sector with specific attention to the Williamson Tea counter. We shall also be looking at the Standard Chartered Bank and Mumias Sugar Company counters. See a summary of last yesterday’s share trading here. Standard Chartered Bank –…
Orange Kenya Unveils Credit Airtime Top up Service
Orange Kenya has unveiled a new service dubbed PEWA which allows Orange Kenya prepaid subscribers to purchase airtime on credit then pay later. PEWA is currently available to subscribers who have less than KES 5 airtime on their phones and they can borrow airtime worth KES…
1
