Barclays Launches 'Mega Billionaire' Promotion
Barclays Bank of Kenya yesterday launched a 5 month promotional campaign dubbed the “Barclays Mega Millionaire”. The campaign is aimed at encouraging Barclays account holders to grow their deposits and develop a savings culture as a way to empower them both socially and economically. The promotion will see…
KQ Postpones Rights Results Announcement
Kenya Airways was expected to announce the results of its KES 20 billion rights issue today. This announcement has been postponed to the 8th of June. The rights issue has been the biggest cash-call in the East African stock markets with nearly 1.5 billion…
City Council to Take Over Central Bank, Police and Parliament Parking Lots
The City Council of Nairobi has warned that it will be taking over control of parking lots of state organs that owe them large amounts of money in unpaid rates and other charges. The City Council has named Central Bank of Kenya, Vigilance House and Parliament as some of the…
Stocks Watch – 6 June 2012
As at the close of trading on the NSE yesterday, the NSE 20-share index stood at 3,635.86 down from 3,653.29 the day before. The All-share index stood at 78.16 down from 78.21 the previous day. The number of shares traded also fell from 17.4 million on Tuesday to the 13.317…
Central Bank Rate Stays at 18%
The Central Bank of Kenya's Monetary Policy Committee yesterday decided to maintain the benchmark Central Bank Rate at 18 percent.
Forex Trail – 6 June 2012
The Kenya Shilling gained on the US Dollar for the second consecutive day, up 0.186% in the day's trading. The KES however lost against the Euro, the Sterling Pound and the SA Rand.
Budget Policy To Be Tabled in Parliament
Finance minister Njeru Githae has said he will table the 2012/2013 Budget Policy Paper next week on Thursday 14th of June. This has come at a time when the country is experiencing weak currency against major world currencies. Githae projects that tax revenues in the financial year 2011/2012 will be 14%…
Ecobank Named African Bank of the Year
Ecobank Transnational Incorporated (ETI) has been named African Bank of the Year in this year’s Africa Banker’s awards, defeating six other nominees to win the highly coveted prize. The Group CEO, Arnold Ekpe, was also honored with a Lifetime Achievement Award. The annual awards,…
Closing Bell – 5 June 2012
Gainers Change Price AccessKenya 9.52% 5.75 Crown Berger 5.65% 32.75 Trans-Century 3.09% 25.00 Safaricom 3.08% 3.35 Eveready 2.63% 1.95 Losers Change Price Jubilee 5.88% 160.00 ScanGroup 4.67%…
Save Money, Save the Environment
Today being the World Environment Day, here at Pesatalk, we celebrate it by looking at how what we buy affects the environment , and how we can reduce these effects on nature and save money at the same time. Here are some four ways to save on money…
Kenya Shilling Loses 3% in 3 Months
The Kenya Shilling Has Lost 3% In The last 3 Months...
PesaPortfolio – 5 June 2012
Below is the value of our portfolio as at the close of trading at the NSE yesterday: Share Market Segment Units Latest Share price (KES) Previous Price (KES) Current portfolio value (KES) Previous portfolio value (KES) Mumias Sugar Company Manufacturing and allied 1,350 5.75 5.70 7,762.50 7,695.00 Housing Finance Company…
CMC Reports a 220% Jump in Profits
CMC Holdings has reported a 219% increase in half-year profits for the period ended March 31, 2012. This jump can be attributed to huge net foreign exchange gains and an emphasis on cost control to minimise operating expenditure. Profit after tax, for the six months, rose to KES 383 million…
CBK Expected to Maintain Benchmark Rate
The Central Bank of Kenya’s Monetary Policy Committee (MPC) is expected to hold a meeting today. The Central Bank’s principal objective is the formulation and implementation of monetary policy directed to achieving and maintaining stability in the general level of prices. The aim is to achieve stable prices – that…
Chama Accounts That Suit Your Group's Saving Needs
Investment groups in Kenya, also known as Chama (Swahili for organized group) have become a popular avenue for investors to grow their worth. Quite often, these groups start small and they depend on members’ input for financial advise and assistance. In the last few years several banks have designed products…
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