Closing Bell – 29 August
A look at how shares traded at the stock market today
CFC Insurance Profit Drops on Higher Commissions
Earnings were hurt by higher commissions and expenses which climbed 12 percent to 1.7 billion shillings.
Proposed Bill Threatens to Raise Construction Prices
The ongoing revision of a 64 year-old law may spell doom for some players in the building and construction industry. The government is currently reviewing the Architects and Quantity Surveyors Act in a bid to update the ledger’s guidelines. The Act, which was last…
High Interest Rates not Beneficial to Banks
The high interest rates that the financial industry has been witnessing are not helping the banks. Although many banks posted growth in pre tax profits in their half year results for the six months to June 2012, experts say the high interest rates have been hurting borrowers, and…
Parking Ticket E-Payment Pilot Phase Launched
Orange joins Airtel and Yu Mobile in the City Council of Nairobi (CCN) pilot test phase of e-payment of parking tickets in parts of Nairobi. The pilot phase, which is expected to go for 3 months, will be first implemented on Koinange Street. Motorists parking along…
KQ Promises Direct Flights to all African Capitals
Kenya Airways (KQ) has announced plans to link Kenya with all of Africa’s commercial and political capital cities by the end of 2013. This means that flight passengers may soon have direct flights to every country in the continent as the airliner continues to roll out…
Orange Internet on Mobile, Which Plan Suits You?
We have so far covered Safaricom and Airtels’ mobile data plans, today we will look at what Orange Kenya has to offer. Orange mobile has identified that different people have different data needs, thus they have a selection of different data bundles…
Insurers Push for Higher Medical Premiums
The cost of medical insurance hangs in the balance as the Association of Kenya Insurers (AKI) moves to introduce fixed premium rates. This means that Kenyans may soon pay more for healthcare if the Association manages to convince other stakeholders within the industry. Speaking…
NIC Expects Over-Subscribed Rights Issue
NIC Bank expects an over subscription in its ongoing Rights Issue. According to NIC Bank Group Managing Director James Macharia, the trend will not be different from the previous time when the bank went back to shareholders to raise more capital. Macharia…
Safaricom Selfcare, an Alternative to Managing Your M-Pesa Transactions
We recently spoke of pesaDroid, an Android app which observes your M-Pesa SMS messages, enabling you to visualize your transactions in different ways as well as generating several statements from these transactions. Unfortunately pesaDroid is currently only supported by android phones, meaning if you have BlackBerry,…
Legalise Prostitution, for Revenue's Sake
With about 20 Billion shillings going untaxed in the Commercial Sex Work realm it is clearly thriving. Why isn't the KRA jumping on this ship? Or at least trying to?
Stocks We Are Watching Today
The shares we will be closely watching in today’s trading at the Nairobi Securities Exchange
IFC Invests 336 billion in Africa for 2012
Within the year IFC funded projects in infrastructure, health, education, small and medium businesses and agriculture.
8 Things You Should Know This Morning
1. Health officers ban food hawking after donkeys found slaughtered The Public Health Department in Naivasha has outlawed hawking of food after four donkeys were found slaughtered. The District Public Health Officer, Samuel King’ori, banned the sale of samosa and mutura until further notice. This came as…
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