Forex Trail – 13 July 2012
Today's Kenya Shilling exchange rate against main currencies The shilling has today fallen back to exchange at Ksh 84.03 to the U.S. dollar, after exchanging in the range of 83 shillings since Tuesday this week, latest data from the Central Bank of Kenya shows. Today’s exchange rate…
Milk Prices Go Up Again
Barely a month after marketers slashed milk prices citing stabilized supply by processors, milk prices have increased again. A half litre packet of milk which a month ago was going for between Ksh 33 and Ksh 40 now retails for up to Ksh 45. Milk prices in June reduced from…
Muramati to List on NSE
Muramati Savings and Credit Co-operatives is keen to be listed at the NSE. On a phone call with with the SACCO a source, who would rather not be mentioned, said “We cannot tell the public exactly when we will be listed but meanwhile its true that we intend to be listed…
Airtel's 5X Free Talktime Offer
Airtel subscribers have a new offer at their disposal. Dubbed “5 times free talktime everyday”, the offer will award Airtel subscribers with five times the airtime they spend daily. To enroll, subscribers are to dial 141 or *141#, then set a target on airtime to be spend…
Understanding a Rights Issue
The term “rights issue” has become synonymous with activity at the Nairobi Securities Exchange in recent months owing to the rights issue by Kenya Airways in April which netted the airline 14.487 billion shillings from a target of 20.68 billion shillings. A rights issue is when…
Stiff Penalties For Vandals Welcomed By Kenya Power
Electricity distributor, Kenya Power has welcomed the amendments to the Energy Act that spell stiffer penalties to those found vandalising, or in possession of vandalised power equipment. The Statute Law Miscellaneous Amendment Bill 2012, signed into law by the President on…
ERC Set To Review Fuel Prices
The Energy Regulatory Commission (ERC) is set to review fuel prices tomorrow – 14th July 2012. The previous fuel price review saw the price of super petrol decrease by Ksh 3.46, from Ksh 121.13 to Ksh 117.67, diesel decreased by 2.93, from Ksh 108.44…
Government Directs Reduction of Set Top Box Prices
The cost of converter box decoders to be reduced according to the latest from parliament.
Shoppers Turning to Mobile Devices for Shopping Decisions
A recently released survey by InMobi, a global mobile advertising network, reveals that Kenyan shoppers are increasingly consulting mobile devices before making shopping decisions. The insights, which were released this week, are based on a survey on 503 respondents in Nairobi, Eldoret, Kisumu, Mombassa, Nakuru and…
Kenya to receive $441 million for Energy
Blackouts may become a thing of the past if all goes according to plan. Kenya and Ethiopia are set to benefit from a $684 million loan that will be used to finance a cross-border power line. The World Bank’s Board of Directors gave their approval yesterday citing that the project…
Stocks Watch
At today’s NSE trading, we will be closely observing the following share counters: Standard Group – The media conglomerate yesterday closed at its highest in almost one year, gaining 8 percent to close at Ksh 27 from Ksh 25 on Wednesday. The share has ranged between Ksh 21…
Investor Demand Pushes Bamburi Shares up 3.5%
Bamburi the region’s leading cement producer closed at Ksh176 on the NSE today. This is Ksh6 more than yesterday. The group was one of the five top gainers on the bourse. Standard Group Limited was first with an 8% increase. Eveready came second with a rise of 6.2%.
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…
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