Mumias Sugar Increases Yield to Meet Customer Demand
Mumias Sugar Company Ltd (MSC) is getting rid of its old sprouts in favour of high yield sugarcane which will be used to boost production and improve its market penetration. According to MSC’s CEO, Peter Kebati, yields will improve thanks to favourable weather conditions and the…
Insanely Expensive Stuff: Luxury Instant Noodles
I love noodles, they are relatively affordable and easy to make. All you need is a packet of instant noodles, which go for about KES 30 and a cup of hot water and you will have yourself a decent meal. Picture this, buying a luxury packet of instant noodles for 29.95 Pounds…
CMC Minority Shareholders Demand delayed AGM
A bloc of minority shareholders at giant auto dealer CMC Holding Ltd today came together to demand that the Capital Markets Authority (CMA) compel their directors to convene the overdue Annual General Meeting. The Nairobi Securities Exchange (NSE)…
PesaPortfolio – 27 July 2012
Below is the value of the PesaPortfolio at the close of trading on Thursday 26th July 2012: The PesaPortfolio at the end of trading on Thursday 26th July 2012 At the close of trading yesterday, our PesaPortfolio had gained KES 122.50 to stand at KES…
Manage Your Safaricom Line Online
Safaricom have launched an online customer care service dubbed Safaricom Self Care. It lets you monitor your phone’s billing history, how you accumulated and spent your bonga points, accessing your M-Pesa transaction dating back to three months, plus quick and easy access of customer care. All…
8 Things You Should Know This Morning
Some of the stories you are waking up to: 1. Rockefeller Foundation wants to hire underprivileged youths from Kenyan slums – The Standard 2. Twitter hit by new mystery outage – Capital FM News 3. Serena profits are…
Latest Showdown Sees Equity Bank Move Second Place to KCB
Yesterday’s half-year profit announcement by two of Kenya’s biggest banks saw Kenya Commercial Bank re-emerge as the country’s most profitable bank after posting 1 billion shillings more profit than Equity Bank which settled for second position after enjoying a brief period at the helm.
Stocks Watch
At today’s trading at the Nairobi Securities Exchange, we will be closely observing the following share counters: NIC Bank – The shares gained for a fourth consecutive day to close at KES 37.75 representing a 1.34 percent gain since Wednesday’s closing price. NIC will next month…
WB to Give KES 3 Billion Funding for Fishermen
Fishing in the coastal region will get a KES 3 billion boost in funds from the World Bank through the government. According to Fisheries Development minister, Amason Kingi, the money will be channelled to the Government through the Kenya Marine and Fisheries Institute. Local fishermen in the coast…
Closing Bell – 26 July 2012
INDICES At today’s trading, the NSE 20-Share Index gained for a seventh consecutive day to reach a new one-year high, adding 0.03 points to close at 3,878.52 points from 3,878.49 points yesterday. The All Share Index meanwhile dropped 0.31 points closing at 84.35 points from 84.66…
Startimes Olympic Offer
Get a free upgrade for your Startimes T1 decorder to T2 Decorder on condition Pay subscription. If you are have a basic bouquet, pay for seven months advance viewing and get a free T2 decorder. If you have a Basic plus, Classic and India bouquet, pay…
KQ's Local Carrying Capacity Falls 5%
Kenya Airways’ (KQ) local carrying capacity has fallen 5% for the 2nd quarter of 2012. Earlier this year the airliner traded its large Boeing 737 for the smaller Embraer 190 (E190) models, reducing the space available for both Kenyan-based passengers and their cargo. According to the company’s press release, KQ…
CMC Shareholders demand AGM, Full year accounts
Minority shareholders at CMC Holdings Ltd will on Friday, July 27th 2012 hold a press conference to demand a date for the overdue Annual General Meeting. As a statutory requirement according to the Company Act, CMC which last held its AGM on March 4th 2011 should have already held its AGM…
Containers Over 28 Tonnes Banned from Roads
Transit of containers weighing over 28 tons by road will be prohibited. Instead, such cargo will be required to be transported over rail, which has only been carrying about 4% of its original design capacity due to its deteriorated state. Transport Permanent Secretary Cyrus Njiru…
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