8 Things You Should Know This Morning
1. All Kenyans must fight counterfeits – Kirubi Industrialist Chris Kirubi is urging all Kenyans to be on the frontline against the distribution and consumption of counterfeit products in the country. He acknowledged that his company Haco Industries, a leading manufacturing and trading company in the fast moving consumer goods…
Closing Bell – 9 August 2012
INDICES The NSE 20 Share Index has today climbed 8.05 points to 3,823.49 points from 3,815.44 points yesterday while the All Share Index has gained 0.40 points from yesterday to settle today at 83.86 points. Source: FILE HIGHEST VOLUMES Safaricom…
The Domino Modem, What You Need To Know
Orange Kenya unveiled another high speed modem dubbed: Domino. Below are a couple of pointers worth noting about the device. For starters, the Domino modem costs KES 9,999, inclusive of 2GB data. Domino modem users can purchase any of the…
African SACCO Summit Comes to Nairobi
The first ever summit for African Savings and Credit Cooperative Societies (SACCOs) and Cooperatives will be opening in the Kenyan capital Nairobi on 11th and 12th October 2012. The summit, whose aim is to determine ways for alternative financing, was initially scheduled to run between 14th and 15th…
Co-op Bank Earns 84% More from Interest Charged
Co-operative Bank of Kenya’s income from interest charged on loans and advances has grown 84 percent to 11.07 billion shillings in the six months to June this year from 6.02 billion shillings in the same period last year. Sources at the bank tell Pesatalk that…
Bank Lending Rates may fall further
Consumers may benefit from a further drop in lending rates as more banks move to reduce their charges this month. According to Kenya Commercial Bank’s (KCB) Chief Financial Officer, Joshua Oigara, commercial banks may reduce their rates even further from the current 20% average to as…
Taxman Goes After Super Rich
The Kenya Revenue Authority (KRA) has come up with a special team of tax collectors that will help pursue wealthy tax evaders. The special unit will comprise of specially trained experts in auditing, law and risk analysis.This came after taking note on an increase in imports of luxury commodities and…
Qatar Promises to Boost Tourism Industry
Qatar Airways is in a plan to partner with local authorities to ensure that tourists from the Gulf region make their way into the country.This partnership is aimed towards increasing the number of foreign visitors coming into the country. Speaking during a meeting with Qatar Airways Vice…
Land Rates Penalties Waiver- “Idd-Ul-Fitr Special
In a similar move to that of The Nairobi City Council, the Municipal Council of Mombasa has extended the land rates waiver period for another 14 days. The Municipal Council of Mombasa has extended, what it dubbed: Operation Lipa Madeni Last Waiver of Land Rates Penalties…
Mombasa Road Traffic to Come to an End
The World Bank has approved the KES 25 billion needed to fund local road and railway transport upgrade. This means getting stuck in traffic on Mombasa Road may soon be a thing of the past. As posted in the Standard, the National Urban Transport…
Kenya Power Open Day – Nandi Edition
Kenya Power invites you to attend its County Circuit, Nandi edition, to be held at Nandi Municipal Council Grounds, along Sosian River on Friday 10th August, 2012 from 8am to 5pm. The open day gives the general public an opportunity to engage Kenya Power staff in…
Orange Launches Wi-fi Modem
Orange Kenya has unveiled another high speed modem dubbed Domino. The Domino is a plug and play device with Wi-Fi transmission functionality. It can support up to five users within a radius of 20 metres and it runs on Orange’s 3G network. The modem is targeted to SMEs,…
Stocks Watch
Here are the shares we will be closely watching in today’s trading at the Nairobi Securities Exchange: British American Tobacco – Shares in the cigarette maker closed yesterday at their highest price in at least five years according to data from Bloomberg. They closed at…
Kenya is Africa's Third Largest Beer Market
A Deutsch Bank Market research has listed Kenya as Africa’s third largest beer consumer, with its market share at 17 per cent of the continent’s.
8 Things You Should Know This Morning
1. MPs demand to know where fuel levy is The government was on Wednesday morning put to task over fluctuations in fuel levy collections despite a steady rise in the cost of living. The matter came up in Parliament when Roads Assistant Minister Wilfred Machage told Parliament that the amount…
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