Yield on 182 Day Bills Rises
Yesterday the Central Bank of Kenya (CBK) auctioned 182 day bills worth KES 2 billion. The bank received bids worth KES 1.17 billion representing a subscription of 59%. The bank accepted all bids received. The yield on the 182 day bills now stands at 10.857% up from 10.737% at the…
Bamburi Gains 7 Shillings in Trading
The Bamburi Cement share yesterday rose 4.49% in trading, a KES 7 gain to close at KES 163 from the previous day's close of KES 156.
Agent Banking: Services They Offer You
Banks are finally realizing the benefits of agent banking, with NIC and Family Bank being the latest entrant in the agent banking sector. Agent banking is a form of business conducted by an agent on behalf of a bank. Agent banking came into place following the…
Orange Introduces 3G WiFi Sharing Service
Mobile operator Orange Mobile Kenya has introduced the first 3G Wi-Fi broadband internet sharing service in the country. This is the first Wi-Fi 3G enabled device with a billing interface to enable easy sharing of the wireless network with peers. The wireless router which will use an Orange…
Carbacid Share Gains 9 Shillings in Trading
The Carbacid Investments share yesterday rose 7.83% in trading to close 9 shillings higher at KES 124 from the previous day's closing price of KES 115.The share has appreciated by over 30% in the last 6 months.
Trustees Barred From Serving Their Interest in Retirement Benefit Schemes
Finance minister Njeru Githae in his budget speech announced that the ministry was proposing changes in the law governing retirement benefits schemes to protect the businesses. “Individual Retirement Benefits Schemes are important vehicle through which increased coverage of savings for retirement can be achieved. To strengthen governance and encourage their growth, I…
Closing Bell – 20 June 2012
Safaricom was the biggest mover in the trading session today, the share price gaining 5 cents to close at KES 3.50.
Banks Allowed to do Extra Business
Banks in the country will soon be offering their clients an array of services on top of the basic financial services. Adoption of proposed amendments in the Banking Act by Finance minister Njeru Githae will allow banks to legally conduct the varied services . “The trend globally is towards convergence…
Are You a Hustler or an Entrepreneur?
Often, we hear many Kenyans, especially younger ones, claim that they are “hustling” or are “hustlers”. The term has been greatly glamorized by contemporary music and film culture and is now embraced by many Kenyans as a means to get rich. Generally defined, hustling is making money by whatever means…
Road License to Curb Operation of Stolen Motor Vehicles
Reinstating of road license will help reduce cases of selling and operation of stolen motor vehicles in the country. While reading the budget statement for the financial year 2012/13, Finance minister Njeru Githae said the recent removal of road license as a requirement had posed challenges to establishment of actual number of motor…
Trading Activity Drops at the NSE
Trading activity has dropped at the NSE today. Safaricom Limited is the most traded counter so far in the day with 2.9 million shares moving, the share price increasing by 5 cents. StanChart has appreciated KES 9 to trade at KES 200 while Limuru Tea has shed KES 10 in trading so far in rhe day.
NHIF’s Updated List of Accredited Clinics
Upon cancellation of in-patient and out-patient services provided to civil servants and members of the disciplined forces by Clinix and Meridian Hospital, NHIF Caretaker Board has released a revised list of hospitals its members can choose from for outpatient medical services. Below is the revised list:…
EABL Share Rises on Profit Speculation
Yesterday the share price of East African Breweries Limited (EABL) jumped 1.36% to close at KES 233. This is not a large increase but noteworthy nonetheless. Over the last month the counter has steadily increased from KES 215 to the current price of KES 223. This increase may be attributed…
PesaPortfolio – 20 June 2012
Below is the value of our portfolio as at the close of trading at the NSE on Tuesday 19 June 2012: As at the close of trading on Tuesday, our PesaPortfolio stood at KES 93,307.33. This is KES 865 lower than the value on Monday. This fall can be…
CCK Could Conduct New MTR Study
Information industry regulator Communications Commission of Kenya could conduct a new study to determine the most appropriate rate for mobile phone call termination. Mobile Termination Rate (MTR) is the amount of money a mobile operator pays a rival company when its subscribers call the rival’s network. The CCK board will…
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