Limuru Tea’s Profit Down 93%
Half-year earnings were hurt by lower output of black tea which fell 3 percent to 230,728 kilograms
Made in the Market: Warren Buffet
This is part of a series of articles sponsored by NIC bank. NIC will be having a rights issue starting 27th August. Read more about their rights issue here. Born on August 30th 1930 in Omaha, Nebraska and the middle-child of three, the only…
Crop Insurance, Do You Really Need It?
According to a report by the Encyclopedia of Nations, Kenya has more than 3 million farming families. Less than a third of these people have paid for crop cover in spite of the fact that 75% of the country is either arid or semi-arid.
Incoming Ecobank Group CEO Visits Kenya
Mr. Thierry Tanoh, the incoming Group Chief Executive Officer– Designate of Ecobank Transnational Incorporated (ETI) is in Kenya for a two day visit. The trip marks his first official visit to the country since his appointment in July 2012 effectively taking over from Mr. Arnold…
GOtv and the Demand for More Channels
GOtv subscribers have for the longest time complained about GOtv excising channel bouquet, as it is evident in GOtv Kenya facebook page, this coming despite a recent reduction in GOtv monthly subscription rate, . Some subscribers have gone as far as to suggest an increase…
Another 7-day 'Operation Clampdown' Extension
The City Council of Nairobi has given land rates defaulters seven extra working days to August 30th to clear their debts. This comes just after expiry of the previous extension period which was due on August the 21st 2012. City Hall says Kenyans made frantic requests for…
NSSF to Hold AGM for the First Time in Half a Century
The National Social Security Fund (NSSF) announced yesterday that it will hold the first general meeting in almost half a century. The AGM will be held on 17th September, 47 years since the last one, which was held in 1965. According to board of…
Supa Gas Price Slash Still On
If you thought National Oil SupaGas price cut came to a close with the end of the Islamic Holy Fast, then you were mistaken. Eid Mubarak na Supa Gas offer is still on till the end of this month, August 2012. You have about 13 days…
Stocks Watch
The shares we will be closely watching in today’s trading at the Nairobi Securities Exchange
China’s here! Let the Competition Begin…
It’s the colonialism of the day – rich foreign nations offer African countries huge easy “development” loans on condition that the African country pledges its natural resources, its markets or its labor. When the African country needs more money or can’t pay the debt (which they never can), more resources are pledged and so on. It’s a perpetual shafting, and that’s why the Chinese increasing presence in Kenya is unsettling.
Is House Insurance Worth all the Trouble?
Insurance has become a major part of our day to day lives. Some people have health insurance while others prefer life insurance. Some register for vehicle insurance and others opt for all the listed choices. But what about property insurance?
Barclays Bank to Merge African Operation with Absa
Barclays Bank Kenya has notified the NSE of a planned merger of Barclays Plc’s entire African operation with South Africa’s Asba Group, news reports say. “Shareholders are advised that, in line with their strategy to operate as One Bank in Africa, Barclays…
8 Things You Should Know This Morning
1. Workers to get unemployment benefits with rise in NSSF fees Kenyan workers will give a bigger portion of their salaries to the National Social Security Fund (NSSF) if Parliament passes a Bill seeking to directly link members’ contributions to their gross pay. NSSF, the public pension…
Closing Bell – 21 August 2012
A summary of share trading activity at the NSE today
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