Stocks Watch
At today’s trading at the Nairobi Securities Exchange, we will be closely observing the following share counters: Athi River Mining – The CEO of Kenya’s second largest cement firm has emerged with an 18 percent stake in the company worth 3.5 billion shillings after a re-distribution of…
Closing Bell – 19 July 2012
At today’s NSE trading, the NSE 20-Share Index closed up 1 percent at 3,825.93 points up from 3,788.52 points yesterday while the NSE All-Share Index also closed up today gaining 0.30 percent to close at 82.26 points from 82.50 points yesterday. Source: FILE HIGHEST VOLUMES…
“my 15 min chat with a bank CEO”: Interest Rates.
Below is what you might have missed in the previous “my 15 min chat with a bank CEO” interest rate chat session Rates hosted by Richard Etemesi, CEO, Standard Chartered Bank Q) Setwin: Will the decision by banks to reduce lending rates have…
Jubilee Scoops 10 Insurance Awards
Jubilee Insurance has won 10 awards at the annual Insurance Awards, 2012 chapter. The company has emerged as the most celebrated company at the awards for three years in a row. Jubilee Insurance was the overall winner in the Marketing Initiative, Medical Insurance underwriter, Life Insurer…
Oil Companies Working Against Consumers
A report represented to the Energy Regulatory Commission (ERC) has revealed that some oil companies have been hoarding fuel with an aim of prompting a shortage that will result into sharp rise in petroleum prices, sentiments that were echoed by the Parliamentary committee on Energy.
Clean Energy May Lower the Cost of Electricity
The price of electricity may fall in the years to come if foreign institutions continue to invest in Kenya’s energy sector. The country is set to benefit from a KES2.6 billion investment from the US government. Officials from President Obama’s administration arrived in the country yesterday as part…
How About a US-EAC Trade Pact?
US President Barrack Obama has proposed a US and East Africa trade pact. The Trade and Investment partneship between US and the 5 East African Community member states (Kenya, Tanzania, Uganda, Rwanda and Burundi) will seek to enhance fair and equitable treatment of investors. Michael Froman, Obama’s Deputy National…
Forex Trail – 19 July 2012
Below is a summary of the Kenya Shilling’s performance against major foreign currencies so far this week: Source: CBK Data from the Central Bank of Kenya indicates that this week has been stable for the Kenya Shilling, which has shown stable exchange rates…
First Relationship Centre Opened in Rift Valley
As part of yuMobile’s efforts to bring services closer to customers, yuMobile has officially opened its first Customer Service Relationship Center in Rift Valley. The Customer Service Relationship Center located at the new Westside Mall in Nakuru CBD will provide a range of services,…
Consumer Federation to Sue Mobile Phone Operators
The Consumer Federation of Kenya (Cofek) is planning to take mobile operators to court in a bid to stop them from switching off counterfeit handsets. Stephen Mutoro, the secretary-general of Cofek said that the procedure taken to deal with the counterfeit phones had omissions and that the consumer…
Sugar Deficit Soon to be a Thing of the Past
The Kenya Sugar Board has made well its intentions to revive the decade long stalled Busia Sugar Factory in Busia County. The sugar board has pre-qualified three companies who have applied for construction of the long awaited factory. Upon completion, the sugar factory is expected…
Show Tickets Go Digital
Forget about sneaking into the show, the Agricultural Society of Kenya (ASK) is trying out its new electrically indexed Agricultural Show entrance tickets today, 19 July, during the opening of the Kisumu Agricultural Show. The e-tickets, which bear bar-codes, will be sold at the entrance…
PesaPortfolio – 19 July 2012
Below is the value of the PesaPortfolio at the close of trading on Wednesday 18th July 2012: The PesaPortfolio at the end of trading on 18th July 2012 At the close of trading yesterday, our PesaPortfolio had gained KES 1,332.50 to stand at KES…
What You’ll Be Discussing with a Bank CEO
Have a one on one online chat with Martin Oduor, CEO, Kenya Commercial Bank at 10:00 AM, today, 19 July. He will be discussing about Small and Medium sized Enterprises (SMEs) then later join Frank Ireri, CEO, Housing Finance, at…
Wi-Fi Internet From Posta
The Postal Corporation of Kenya (PCK) is seeking to implement installation of wireless internet in all the post offices across the country. The service, which will first be launched in Nairobi before spreading out to the other parts of the country will see consumers post-pay or…
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