Closing Bell – 12 July 2012
INDICES The NSE All-Share Index closed up 0.15 percent at 82.29 points from 82.11 points yesterday while the NSE 20-Share Index also closed up 0.15 percent at 3,802.96 points today from 3,789.33 points yesterday. HIGHEST VOLUMES For a second day…
Mobile Number Portability Growing
Mobile Number Portability (MNP), the service that allows subscribers to change mobile service providers but retain their numbers has been gradually growing since inception last year. According to a report released by the Communications Commission of Kenya, the number of subscribers porting their numbers increased…
What Property can Your Salary Get You?
According to data released by property development and management firm HassConsult , saving 15% of a Kshs 25,000 salary every month for five years is enough to raise a deposit on a property worth Kshs. 1,314, 729. This property would be a bedsitter on Mombasa Road or a…
The Truth about Bonds
A bond is an investment through which a financial institution borrows money from an individual for a specified amount of time at a fixed or floating interest rate. The institution uses the money for various projects and returns it to the investor at a profit. It is similar…
Diminishing Supply of New Homes; Cause For Rent Increment in Nairobi
Save for the recent entrance of rental income taxation, the increase in rent within Nairobi is as well being attributed to the increasing unavailability of upper middle income and top-end rental houses. “We now foresee continuing rises in rents which may take years to return to stability” Hass Consult’s project development…
Is Kenya’s Economy poised for another round of Inflation?
As Kenya is set to begin an economic recovery after the Central Bank reduced the base lending rate to 16.5 percent after keeping it at 18 percent for seven months, the local economy could also be setting itself up for another round of rising inflation. Since…
KBA Launches "Chat With a Bank CEO"
say you had a chance to talk to a bank CEO what would you say? Well, here's your chance.
CFC Stanbic to Lower Lending Rates
Following KBA’s announcement yesterday on lowering the lending rate CFC Stanbic Bank, which is part of the Standard Bank Group, announced plans to drop its lending rate from 24% to 22.5% in August. It has joined the ranks of Barclays and Bank of Baroda which intend to lower their…
Will You Benefit from i-Invest “Special Offer”?
Old mutual has lowered the initial iInvest limit to Ksh 1000 for one day, today. How practical is this?
KBA Rebrands, Promises Lower Lending Rates
Kenya Banker’s Association (KBA) has promised that commercial banks will start adjusting their base lending rates by the end of this month. This will be in conformity to the recently lowered bench rate by the central bank from 18 % to 16.5%. Speaking during a re-branding…
Invest From As Low As Ksh 1,000
Old Mutual Kenya have posted a special offer that reduced its i-Invest initial investment limit from Ksh 4,800 to Ksh 1,000 for first time investors. The offer is valid for one day – 12th July 2012. #iINVEST special offer! Initial investment reduced to KSh1,000 for 1st…
Stocks Watch
At today’s NSE trading, we will be closely observing the following share counters: Bamburi Cement Ltd – Kenya’s foremost cement manufacturer yesterday closed at its highest price since August last year, gaining 3.03 percent to reach Ksh 175 from Ksh 165 on Tuesday. The share’s gain was on…
Uchumi to Introduce Cafeterias in its Outlets
Uchumi Supermarket will be introducing restaurants and food stores into its outlets across the country. Currently, its food product line includes bakeries, grocery and fruit stores. Introduction of cafeterias in retail stores is a trending practise that has rendered the market competitive. By puting up cafeterias to its food product…
Mortgage Interest Rates On Downward Trend
Interest rates for mortgages have been on the downward trend even at a period when the base lending rate was at the 18% peak. This has been revealed at the release of the second quarter mortgage report by The Mortgage Company (TMC) in partnership with…
Closing Bell – 11 July 2012
The NSE All-Share Index closed up 0.06 points after declining the past two days, to settle at 82.17 points today up from 82.11 points yesterday while the NSE 20-Share Index was also up after losing the past two days. The Index closed up 8.07 points at 3,797.40 points…
1
