Common Currency? Bring it On!
Could a common currency for East African actually be a good thing for Kenya?
Latest setback for Kenya’s Tea industry
Kenyan tea growing companies now face their latest challenge as the commodity’s exports to Iran, a main importer of Kenyan tea, come under threat owing to US trade sanctions placed on Iran which have diminished the country’s US dollars used for importing goods, the Business Daily reports.
Our Projections for Fuel Prices
The Energy Regulatory Commission (ERC) is expected to review fuel pump prices for the period 15th July 2012 to 15th August 2012 on 14th July 2012. We project a drop in pump prices following a decline in international crude oil prices. The…
CCK Board To Scrutinize 6 For Director-General's Post
The Communications Commission of Kenya board has been handed a short list of candidates who will be interviewed to fill the post of the Commissions director-general. The post fell vacant following an order issued by the High Court in August 2011 instructing Mr. Charles J.K. Njoroge…
UNiPESA to Open More Payment Locations This Week
UNIPESA has announced plans to open up more UNIPESA kiosks this week. The announcement was made on twitter on Friday via this tweet: More locations are comingnext week. Will update. Unipesa wishes you a good and relaxing weekend! — UNIPESA NETWORK (@UNIPESA) July 6, 2012 …
Stocks Watch
At today’s NSE trading, we will be closely observing the following counters: Williamson Tea – One of Kenya’s biggest tea producing companies could face compromised earnings following threatened tea exports to Iran which is a major buyer of Kenyan tea and is now facing a shortage of US…
Safaricom introduces Internet Bundles Purchase via Scratch Card
Safaricom has introduced a new service that will allow subscribers to top up data bundles via scratch card.
Servis to Exit the Kenyan Shoe Market
Pakistan’s leading footwear manufacturer and exporter, Servis Group will cede its Kenyan shops to Kwanza Shops beginning next week. It is not yet clear why the leading footwear brand and retailer is closing shop barely two years after its venture into the Kenyan market, but speculations are pointing…
Barclays Bank Plc Scandal: What happened?
On Wednesday June 27th global news reports simultaneously reported that Barclays PLC, the multinational banking and financial services company, had agreed to pay a total of $450 million or Ksh 37.8 billion to British and American regulators, to settle charges that the bank manipulated international loan interest rates.
Solutions to Awkward Money Situations
what do we do in situations that involve money and we are very unsure about?
Weekend Reading
Here is this weekend’s collection of links on articles from around the web. Enjoy! As Africa’s consumers rise, so does inequality But the wealth on show at the mall has a flip side. The consumption boom has been fueled by fast-growing credit. In Kenya and elsewhere…
Closing Bell
INDICES The NSE All-Share Index today lost 0.16 points to close at 82.31 points from yesterday’s close of 82.47 points while the NSE 20-Share Index closed down 1.98 points at 3,793.32 points from yesterday’s 3,795.30 points. Source: FILE HIGHEST VOLUMES Uchumi today…
Barclays Slashes Lending Rate
Barclays Bank of Kenya has announced it would be cutting its base lending rate by 1.5% effective 1st August 2012. This comes a day after the Central Bank of Kenya‘s Monetary Policy Committee cut its lending rate by a similar margin. Following the decision…
Counterfeit Phones Denying Consumers Benefits of Genuine Ones
Nokia General Manager speaks out against the use of counterfeit handsets in the region.
ERC Promises Cheaper Cooking Gas
The Energy Regulatory Commission has indicated that cooking gas will be cheaper from August this year. Speaking at a media briefing ERC Director General Kaburu Mwirichia said that Liquid Petroleum Gas (LPG) prices were expected to drop upon completion of the storage facility in Mombasa.
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