Demystifying Written Wills
For the longest time, leaving a last will and testament has been regard as a complex affair that is reserved for the wealthy. In essence, provided you have some property to you name, you should write a will. It is also important to note that writing a will…
NSE Begins Week with Low Trading
The Nairobi Securities Exchange opened the week sluggishly with the most traded counter Mumias Sugar Company moving just 2.325 million shares.
Stocks Watch – 19 June 2012
At the close of trading at the NSE yesterday, the NSE 20-share index stood at 3,682.23 while the All-share index stood at 79.83. The total number of shares traded stood at 8.159 million in 918 deals. The equity turnover stood at KES 105.234 million. Yesterday, the NSE had subdued…
Forex Trail – 19 June 2012
The Kenya Shilling yesterday gained against the dollar, up 0.29% to trade at a mean of KES 84.8847 per dollar. The Kenya Shilling however slipped against the Euro, the SA Rand, the Uganda Shilling and the Queen's coin.
Mumias the Biggest Mover at NSE
Mumias Sugar had 2.325 million shares traded yesterday to take the top-mover slot. The share price has risen 40% in the last 3 months.
Landlords Warned Against Rent Increment
The Consumer Federation of Kenya is seeking to stop the KRA from collecting property taxes from landlords as it had been proposed in the Budget speech read by Njeru Githae last week. This move to charge tax on rental income is anticipated to increase the household expenditure, with landlords pushing…
Closing Bell – 18 June 2012
In what was a low trading day at the Nairobi Securities Exchange, there were 2.325 million Mumias Sugar shares traded. The share was the kmost active. Safaricom came second with 1.823 million shares traded while Equity Bank had 1.387 million shares traded.
NSE Set for New Market Segment
We may soon hear of a new segment on the Nairobi Securities Exchange, the "Growth Enterprise Market Segment" where small and medium size companies can sell their shares for new capital for growth and development.
Pay up Your Water, Power Bill or Miss Out on Loan
Amendments in the Banking Act proposed by Finance Minister Njeru Githae will soon see many more Kenyans blacklisted, a move that would deny them access to loans and other forms of credit. This is a strengthening bid for lenders who have been pushing for information about borrowers. The minister proposed…
Interbank Rate Increases, Kenya Shilling Improves
The Interbank Rate According to the Central Bank of Kenya’s weekly report, the interbank rate, which is the cost at which commercial banks borrow from one another, increased to 16.75% during the week ending June 18, 2012 from 16.47% in the previous week. The average number of borrowing and lending…
NSE Opens to Subdued Trading Activity
The Nairobi Securities Exchange opened this morning to subdued trading. As of 1:09PM today, Mumias Sugar was the most traded share with 498,500 shares traded. The biggest gainer thus far has been Pan Africa Insurance, up 9.66% from KES 36.25 to KES 39.75.
An Oral Will: Should You Have One?
Simply put, an oral will is one that isn’t written but formulated by word of mouth. All you need to do is get a few competent witnesses who will listen to how you intend to dispose of your property and when you die, they will stand as witnesses to what…
PesaPortfolio – 18 June 2012
Below is the value of our portfolio as at the close of trading at the NSE on Friday 15th June 2012: As at the close of trading on Friday, our PesaPortfolio stood at KES 93,159.40. This is KES 135 lower than the value on Thursday. This fall can…
Limuru Tea Trading at KES 500
500 shillings can buy quite a few items. A few packets of milk, some bread and butter and sugar for several days of breakfast. 500 shillings is a pretty decent high-end lunch in the city. 500 shillings is a little over 4 litres of fuel, that in a decent motor vehicle, can take you well over 50 kilometres. 500 shillings is the price of one Limuru Tea shares.
Samsung to Sell DVB-T2 Compliant TVs in East Africa
Samsung Electronics East Africa (SEEA) could soon be selling DVB-T2 compliant TV sets in Kenya. The company has already submitted and is waiting for rating approvals for its DVB-T2 compliant TV sets from the Communications Commission of Kenya (CCK). SEEA has welcomed the move by the…
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