8 Things You Should Know This Morning
A couple of things you are waking up to this morning: 1. Supermarkets are losing goods worth billions of shillings to shoplifters annually.- Daily Nation 2. National Carrier Kenya Airways (KQ) has begun a retrenchment exercise that will cover both unionisable and non-unionisable staff, during the month of…
Closing Bell – 2 August 2012
INDICES For a fifth day today the NSE 20 Share Index declined to lose 0.01 percent and close at 3,825.08 points from 3,825.65 points yesterday while the All Share Index also fell to close 0.04 percent lower at 82.98 points from 83.01 points yesterday.
Water Vendors Rage over Water Company
Water vendors in Mombasa are in conflict with Mombasa Water and Sewerage Company (MOWASCO) over the implementation of a policy aimed at regulating water prices and business. The vendors blame MOWASCO of making decisions without involving them or Mombasa residents. MOWASCO on the other…
Orange 42 Mbps, What You Need To Know
Orange Mobile yesterday launched its 42 Mbps network in Nairobi as part of its aggressive campaign to capture the data market share. Speaking during the launch, Telekom Kenya CEO Mickael Ghossein said the company has invested more than KES 4.13 billion in the roll out of its 3G…
Safaricom Promises Faster Internet
Safaricom has pledged to give its customers improved data services. According to the company’s annual report for the year ended March 2012, data subscribers have increased by 30.9%. The country’s leading mobile phone service provider intends to improve its network quality in order to meet the rising customer…
Digital Migration Battle Intensifies
More decoder providers in the market have taken the battle for digital TV subscribers to a whole new level. Giant retails have been forced to move to the grass root level in search of subscribers. GOtv retailers have currently set camp in different neighbourhoods, seeking subscribers…
PesaPortfolio – 2 August 2012
Below is the value of the PesaPortfolio at the close of trading on Wednesday 1st August 2012: The PesaPortfolio at the end of NSE trading on 1st August 2012 Since we last updated the PesaPortfolio at the close of trading on Thursday last week,…
The Real Worth of Olympic Medals (Infograph)
While our athletes do their running, what's the actual monetary value of an Olympic medal?
Stocks Watch
At today’s trading at the Nairobi Securities Exchange, we will be closely observing the following share counters: British-American Investments – The holding company of British-American Insurance (Kenya), British-American Asset Managers and Britam Insurance Company (Uganda) is today announcing its half-year results for the six months…
8 Things You Should Know This Morning
1. Domestic workers form the majority of savers in the Retirement Benefits Authority (RBA) Mbao Pension Scheme.- The Standard 2. The Capital Markets Authority (CMA) is in the final stages of finalizing regulation in its real estate investment trust (REITs) product which it hopes will help address the housing…
Consolidated Bank Postpones Bond Listing
Investors will have to wait eleven days for Consolidated Bank’s corporate bond listing on the NSE. According to a press release from the company, the listing has been postponed from Thursday 2nd August 2012 to Monday 13th August 2012. Sources at Consolidated Bank said the delay…
Closing Bell – 1 August 2012
INDICES At today’s trading, the NSE 20 Share Index dropped 1.36 percent to close at 3,825.65 points from 3,878.49 points yesterday while the All Share Index also fell, losing 1.95 percent to 84.66 points from 83.01 points. HIGHEST VOLUMES…
IMF Pushes for Increased Food Tax
Kenyans may have to pay more for milk, bread and maize flour if the government passes the 2012 Value Added Tax (VAT) Bill. According to the Consumer Federation of Kenya, the International Monetary Foundation (IMF) is pushing the government to impose a 16% tax…
VAT Bill 2012; How Will it Affect You?
The VAT Bill 2012 has been met with hostility from public views as well as members of parliament. A number of MPs including Dujis MP Aden Duale and Yatta MP Charles Kilinzo have announced that they will spearhead motions to have the controversial bill withdrawn. The Bill, which was approved by…
How Friendly was Your July?
If the recently released Consumer Price Index (CPI) by Kenya National Bureau of Statistics (KNBS) is anything to go by, July was an economically friendly month as compared to June 2012. The CPI decreased by 0.85 per cent from 133.06 in June to 131.92 in…
1
