Disease Outbreak may Affect Maize Prices
Kenyans may have to dig deeper into their pockets following an outbreak of Maize Lethal Necrosis (MLN) disease which has swept some parts of the country. Farmers in Rift Valley province have already lost 21,000 hectares of crop to the infection. “From my own personal experience, reduced production…
Closing Bell – 20 July 2012
At today’s NSE trading, the NSE 20-Share Index closed up 0.38 percent at 3,840.36 points up from 3,825.93 points yesterday while the NSE All-Share Index closed up 0.34 percent gaining 0.28 points to close at 83.54 points from 83.26 points yesterday. Source: FILE HIGHEST VOLUMES For a…
Shelter-Afrique gives 40m Loan for Low Cost housing project
Pan African housing finance and habitat institution Shelter-Afrique, has extended a KES 40million (US$ 500,000) low cost housing development loan to a local housing microfinance institution, Makao Mashinani in a pilot project geared at raising the market supply of affordable…
CMA Finalising on Real Estate Investment Scheme Framework
The Capital Markets Authority (CMA) is in the final stages of developing Real Estate Investment Trusts (REIT). REIT is a framework that will facilitate the financing and management of collective investment in real estate run by CMA. The Capital Markets Collective Investment Scheme Regulations…
Cost of Electricity may Drop Soon
Reuters Africa this morning reported that Kenya Power plans to reduce power tariffs by 10 per cent by the end of the year if energy costs continue dropping. International crude oil prices have been on a decline for the past three months, with the latest…
NIC Rights Issue Gets the Green Light
NIC Bank has received approval from the Capital Markets Authority to carry out a rights issue agreed on by the bank during its fifty second Annual General Meeting (AGM) held in May this year. Read more on the AGM here. Remarking on…
City Council to Bust Land Tax Defaulters
Land owners may be in for a rude awakening as the City Council of Nairobi moves to crack down on those who fail to pay their taxes. The Council issued its final warning yesterday before handing over its books to the Nairobi County Government. The move, dubbed ‘Operation…
PesaPortfolio – 20 July 2012
Below is the value of the PesaPortfolio at the close of trading on the 19th July 2012: The PesaPortfolio at the end of trading on Thursday 19th July 2012 At the close of trading yesterday, our PesaPortfolio had lost KES 1,432.50 to stand at…
A Few Things You should Know about Loan and Credit Reference Bureaus
Facts about loans and Credit Reference Bureaus
Sunken Chinese Treasures may be on Malindi Coastline
X marks the spot, could the spot this time be in Kenya?
8 Things You Should Know This Morning
A couple of things you are waking up to: 1. How to get a business permit in Nairobi Kenya Manual 2. It will now be impossible to sell or get a mortgage loan using property – land or a house acquired during the course of marriage as…
Chinese President Pledges To Fight Counterfeits Entering African Markets
Chinese President Hu Jintao has pledged to help African countries strengthen their customs departments capacity to control the entry of counterfeit goods. China, a key exporter to Africa has been blamed for most of the fake and substandard goods, ranging from electronics to medical goods, that have flooded…
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…
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