First Independently Calculated Government Bond Index Launched
The Nairobi Securities Exchange (NSE) working with international Index provider FTSE Group has officially announced the launch of the FTSE NSE Kenyan Shilling Government Bond Index today. The index is the world’s first independently calculated benchmark index tracking the principal Kenyan Government bond market. “The launch of the FTSE NSE…
Diaspora Remittances Drop 6.8%
Diaspora money remitted into the country significantly dropped in July as compared to earlier months in the year. According to Central Bank of Kenya reports, in July 2012, remittances to Kenya amounted to US$ 92.7 million (KES 7.88 billion), or 6.8% lower than US$ 99.5…
Auction Price for Kenyan Coffee Rises 9.6%
Kenya’s grade AA coffee top price rose by 9.6% to $342 (KES 29,070) a bag this week from $312 (KES 26,520) last week. This is according to the Nairobi Coffee Exchange (NCE) Wednesday October 3 market report. During the auction, Grade AA COF-AA-KE sold at $132 (KES…
Special Offers from StarTimes
From 1st to 7th October, visit the StarTimes Stand at the ongoing Nairobi International trade Fair, subscribe to a channel bouquet and get free decoders plus special offers. Buy a StarTimes Decoder, subscribe to any channel bouquet for one month and get one month free subscription.
Food Aid in a Smart Card
Over 70, 000 starving households will receive a slice of nearly £17million (KES 2.3 billion) of British taxpayers’ aid through smart cards. Households will be issued with cards credited with funds, which they will from time time to time present to designated accounting places where they will be…
The Stocks We're Watching Today
Our focus today on Nairobi Securities Exchange stocks watch shall be on the banking and agriculture sector with specific focus on 2 counters (one in each) See a summary of yesterday’s share trading here. Williamson Tea Kenya Ltd – The stock was one of the top losers yesterday…
8 Things You Should Know this Morning
1. Kenya Power Begin to Use GPS to Prevent Theft of Electricity Kenya Power will install Global Positioning System (GPS) technology into its meter-reading devices to curb electricity theft and boost collection. The hand-held equipment will be used to track geographical positions of meters and will relay…
End Month Oddities
You got drunk because it’s “end month”. You over shopped because it’s “end month”. We’re all familiar with this phenomenon. Chaos breaks out in the city of Nairobi. The instant that lovely text message from your bank tells them that a deposit has been made, and that the new account balance is significantly higher than it was a few days before, Kenyans go bonkers. And they justify it in three words "It's end month"
The Stock Market Today
The NSE 20 Share Index closed at 3945.25, a decrease of 20.5 from yesterday’s points. The All-Share Index performance dropped by a further 0.54 from yesterday’s 87.17 points to close at 86.63. The month of October has thus far seen a general downward trend in the market’s performance as the points drop…
CIC Unveils Low-Cost Insurance Policy
CIC Insurance has launched a low-cost cover package for members of the informal sector. The new product, dubbed Nuru Ya Jamii, is a house, life and personal accident insurance policy that allows low income earners to insure their homes for as little as KES 480 a…
StarTimes Media Arrives in Kakamega
With the digital migration fast gaining momentum, StarTimes Media Kenya, through its Facebook page has announced its official arrival in Kakamega. Residents of Western Province and its environs can now enjoy high quality digital broadcasting from StarTimes. A starTimes decoder retails at KES 2,999…
Traits of Poor Financial Management
“Of the billionaires I have known, money just brings out the basic traits in them. They were jerks before they had money; now they are simply jerks with a billion dollars.” – Warren Buffet Is your house full of things you don’t need, overwhelmed…
Expensive Deposits Slowing Interest Rate Cuts
One month after the Central Bank of Kenya cut the base lending rate, the response by banks to reduce their lending rates has been slow. Although a number of banks have already implemented their rate cuts, with some setting mid this month as their dates,…
Standard Chartered Offers Second Rights Issue
The Standard Chartered Bank today morning announced a rights issue that is to commence on 9th October – exactly 1 week from today – and end on 26th October making the total period 3 weeks. This is the second Rights Issue the bank has had, with the…
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