Top Grade Coffee Prices up as NCE Resumes
Prices of benchmark Kenyan coffee grades sold through the Nairobi Coffee Exchange (NCE) rose to KES 28,526 (USD 340) per 50 kg bag from KES 27,770.9 (USD 331) previously, according to an emailed report from the NCE. This follows the resumption NCE’s weekly coffee auctions since it took…
City Council Owes Pensioners KES10.8 Billion
You’ve planned for your retirement. Your pension plan is just waiting for you to punch out for the last time. You tell your co-workers goodbye and begin the final journey towards your golden years. There’s nothing to worry about. Right? Well here's something to think about.
The Five Disruptions
All over the globe, there are five things that are causing ripples in business and industry and shifting the fault lines of how urban and rural households organize their affairs. The Bean Counter tells us more about the five things that you should keep your eye on if you intend to be the country, or generally alive, for the next 10 years.
My Lipstick and I
It’s the bad side of mid-month, the nineteenth. Your money and your wallet seem to be colluding in the world’s most annoying game of hide-and-go-seek, without your permission. Yet for some reason you can’t resist the urge to dig deeper, to walk over to the booth, introduce yourself and at least attempt to lure her away – if only to get to know her name.
The games we play with our money, and women.
KRA Opposing Tax Exemptions on Food Items
A week ago the cabinet moved to exempt foodstuffs, seeds, and exercise books from the effects of the controversial VAT Bill 2012. However, KRA wants VAT charged on all items. KRA Commissioner General John Njiraini spoke to the media during ICPAK’s VAT Bill Forum…
Stocks 101 – What is a stock market?
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. Simply put, a stock market is a market (like the Wakulima Market), only that the products being…
Stocks Watch
Here are the shares we will be closely watching during today's trading at the NSE.
8 Things You Should Know This Morning
Top stories in financial news this morning: 1. Fuel Prices Drop Further Contrary to our predictions fuel prices dropped further for the third time, consecutively. Super petrol is now retailing at KES 106.48 per liter in Nairobi while diesel and kerosene now retails at KES 97.09…
Fuel Prices Drop Further
Contrary to our predictions fuel prices dropped further for the third time, consecutively. Super petrol is now retailing at KES 106.48 per liter in Nairobi while diesel and kerosene now retails at KES 97.09 and KES 73.97 per liter. Sources from the petroleum…
Closing Bell – 14 August 2012
A summary of trading activity at the NSE today
This Word "Rebranding"
Rebranding is such a daunting word at times. What has this word done to some companies in Kenya?
BOC Kenya profits rise 57%
BOC Kenya Limited has announced a 57.2% rise in half year pre-tax profits to KES 18.4 million for the six months ended June 2012 from KES 75.30 million the same period last year . The industrial and medical gases, welding equipment and consumables,…
Consolidated Bank Cuts Lending Rate
Consolidated Bank has announced that it will lower its base lending rate to 22.5% beginning September 1st. The bank’s decision to lower the base lending rate comes a month after the Central Bank’s Monetary Policy Committee lowered the CBR to 16.5% from 18%. The bank…
Kenyans Love Their Luxury Goods
Late 2011 and early 2012 proved to be a tough financial time for most Kenyans. Inflation hit a record high 19.72 per cent, the shilling deteriorated against major currencies and price of basic commodities increased. In spite this, Kenyans love for luxury goods remained. Kenyans flocked extravagant…
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