KQ Posts 53% Drop in Profits
Kenya Airways has announced its financial results for the year ended 31 March 2012. Net profit has dropped by 53% while turnover has increased by 25.7% in the same period. Expenses increased 33.2% while an interesting thing they call "realised gains on fuel derivatives" has increased by over 700% in the year.
Subscription for Bills Increases
Yesterday the Central Bank of Kenya (CBK) auctioned 182 day Treasury Bills worth KES 2 billion. This is similar to the amount auctioned at the previous auction. Yesterday’s auction was however quite different than last week’s. For one, the number of bids received increased from 73 last week to 77…
Should You Rush for Your Master’s Degree?
A master’s degree probably won’t get you your first job, but it will get you your third.
Forex Trail – 14 June 2012
Below is a table showing the performance of the Kenya Shilling against major international currencies as well as the currencies of our neighbouring countries in the last two sessions, Tuesday 12 and Wednesday 13 June 2012. Currency US Dollars Euro Sterling Pounds SA Rand…
Stocks Watch – 14 June 2012
Kenya Airways, Pan Africa Insurance and Equity bank make our watch list in today's session at the NSE.
Energy Regulator Set to Review Pump Prices
Today is a very busy day in the area of finance. Among the many announcements set to be made today are KQ’s results, the National Budget, and the Energy Regulatory Commission (ERC) is expected to review pump prices for the period between 15th June 2012 to 15th July…
Red Cross Offers Cheap Ambulance Cover
Kenya Red Cross Society has started an affordable ambulance service for Kenyans through its Emergency Medical Services (EMS). The service dubbed Jisajili Ujiokoe allows subscribers pay as little as Kshs. 14 a day for family ambulance cover through EMS and Emergency Plus Medical Services. E-Plus is Kenya…
Isn't Good Debt and Bad Debt Just Debt?
Is there such a thing as "good" debt? And if it's there, how come people don't long for so much of it if it's so good?
Good debt, probably not. Debt is not built to be good. But "better debt" and "worse debt?" That there definitely is.
CBK Pushes for Professional Agent Bankers
The Central Bank of Kenya has set out to have Banks appoint qualified and professionally suitable entities as their agents in the wake of the growing networks of agency banking in the country. The Central Bank of Kenya (CBK) released revised Prudential Guidelines and Risk Management Guidelines…
Closing Bell – 13 June 2012
Gainers Price (KES) Change (%) Pan Africa Insurance Holdings 34.00 6.25 Equity Bank Limited 21.50 6.17 Carbacid Investments Limited 114.00 3.64 Standard Group Limited 25.00 3.09 Barclays Bank of Kenya 12.90 2.79 Losers Price (KES) Change (%) Sameer Africa Limited 4.15 7.78 Eveready East Africa Limited 1.75 5.41 AccessKenya Group…
The Counterfeit Menace
Manufacturers of Viceroy Brandy recently announced that a fake version of their product is circulating in the market. Nokia on the other hand has affirmed commitment in the fight against counterfeiting, . Counterfeit commodities have continued to be a menace. The Kenya Anti-Counterfeit Authority…
A Look at the CIC Insurance Listing
CIC Insurance Group Limited will be the 6th Insurance company and the 61st listed company on the NSE.
Limuru Tea Hits 500 a Share
When thinking about stocks on the NSE, very rarely does one consider Limuru Tea. This is mainly because the share is expensive and fairly dormant. However, at KES 500 per share it is the priciest counter at our bourse. Consequently, we at pesatalk consider it worth observing. The Limuru Tea…
Pesa Portfolio – 13 June 2012
The Pesa Portfolio yesterday increased in value by 1 percent, outperforming the NSE 20 share index that rose 0.36 percent. Mumias, Housing Finance and Crown Berger were gainers, Crown Berger increasing KES 1.25 to support the portfolio's growth. Meanwhile Kengen and Uchumi lost us money but the portfolio managed to do well overall.
Normal M-Pesa Services Resumed
M-Pesa users were this morning experiencing delays with M-Pesa transactions. Safaricom, through their Twitter handle, have announced that the problem has been solved and that normal M-Pesa services have resumed: Service has been restored on M-PESA. Thank you for your patience. — Safaricom Limited (@SafaricomLtd) June 13,…
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