July's Inflation Rate, What We Think
What the team thinks will happen to inflation in the month of July.
8 Things You Should Know This Morning
This is what you are waking up to this Tuesday morning 1. Githae to pick new CMA chief from a list of three– Business Daily 2. How Infomercials exploit psychology to hack your brain – Farnamstreet 3. Why you should buy a home before the…
Stocks Watch
At today’s trading at the Nairobi Securities Exchange, we will be closely observing the following share counters: Diamond Trust Bank – The bank’s pre-tax profit for the six months to June this year increased 34 percent to 2.16 billion shillings from 1.62 billion shillings in the…
DTB Shareholders to wait for Returns
Diamond Trust Bank (DTB) stakeholders will not benefit from a 21% increase in the Group’s earnings per share. According to a press release from the company, the Board of Directors will not compensate the shareholders with an interim dividend for this announcement period. “Shareholders should not…
Banking Sector Grows in 2nd Quarter 2012
The Kenyan Banking Sector shown continued growth in the second quarter of 2012 compared to first quarter period that ended March 2012. According to a report released by the Central Bank of Kenya, the size of assets standing at KES 2.2 trillion compared to KES…
Closing Bell – 30 July 2012
The NSE today saw a total of 29.38 million shares traded in 1,387 deals. Equity turnover was KES 359,997,035.00. Source: FILE HIGHEST VOLUMES Safaricom was the most traded share at the NSE for a fifth consecutive trading day, with 11.91 million shares…
KMC Gets 10,000 Acres to Boost Production
The Kenya Meat Commission (KMC) has teamed up with the East Africa Portland Cement Company (EAPCC) in a merger that will see them receive 10,000 acres of land from the cement producer. The land, which was being held as an asset base in Athi River for EAPCC, will…
KRA: The Trillion Shilling Tax Man
The Kenya Revenue Authority (KRA) aims at gathering a minimum of KES 1.2 trillion per annum by 2015; a 41.06% increment on the KES 707.3 billion in revenue collected by the KRA in the financial year June 2011 to June 2012. To help them achieve this,…
Sending Money from Abroad Simplified
Your family and friends in the diaspora can now send you cash, airtime and shopping vouchers using tuma-pesa.com, a Kenyan e-commerce webshop and money transfer service. When someone is sending you cash from abroad using tuma-pesa.com, they will be prompted to fill in your name and cell phone…
MPs in fresh bid to cap interest rates
Interest rates on loans should be capped at 4 percentage points more than the prevailing CBR, according to Members of parliament led by Gem MP Jakoyo Midiwo. Amendments to the Finance Bill 2011/2012 sponsored by Midiwo to have the lending rates capped was defeated in Parliament in March this year.
HELB Notice to Beneficiaries
The Higher Education Loans Board (HELB) wishes to advise all loanees who have completed repaying their loans to apply for their Loan Clearance Certificates. The procedure for acquiring the certificates is as follows: Loanees should write to the board through HELD’s dedicated e-mail address:…
Stocks Watch
At today’s trading at the Nairobi Securities Exchange, we will be closely observing the following share counters: CIC Insurance Group – After tumbling on all consecutive days from their second day of trading since the shares were listed on the NSE one and a half weeks ago,…
NIC Gears Up For Rights Issue
NIC Bank has in an official statement released full details of the rights issue it is to carry out next month, in a move indicating that Kenya’s second biggest rights issue this year is on track to take place as planned. The statement dated July 25th has…
8 Things You Should Know This Morning
A couple of things you are waking up to this Monday morning: 1. What turned sweet taste of coffee farming into bitter brew? – Business Daily 2. Africa’s Richest Football Players – Ventures Africa 3. Corporate Kenya’s executives are increasingly acquiring shares in companies they…
Internal Security, the Million Dollar Industry
Just how much does public safety cost? In light of the recent threats from Al Shabaab extremists and rampant Pirates off the coast of Mombasa, the government has decided to beef up security in the country. The cost of public safety alone has hit the KES 10 billion…
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