Small Businesses Set for KES 1 Billion Loan
Small and Medium-sized Enterprises (SMEs) are set to benefit from a new KES 1 billion initiative by the Smallholders Irrigation Schemes Development Organisation (SISDO). The company, which targets livestock farmers and small-scale traders, has adopted a new strategy that aims to increase its lending capabilities. Speaking…
Is Kenya Ready for Online Trading?
Amidst pressure to embrace technology and make their ways more modern; is the country really ready for online stock trading?
International Oil Prices Rise
Anticipate an increase in fuel prices as international crude oil prices begin to rise. Latest statistics released by Abu Dhabi National Oil Company show that the Free On Board (FOB) price of Murban crude oil lifted in July 2012 increased by 4.5 per cent to retail…
Nakumatt Opens Cinema Hall
Regional retailer Nakumatt Holdings has expanded its entertainment services provision with the opening of a Cinema Hall at Nairobi’s Westgate Mall. As part of Nakumatt’s strategic business development plans, Planet Media Cinema a KES 80 million investment has now opened its doors barely three…
VAT Bill Review Forum
The Institute of Certified Public Accountants of Kenya (ICPAK) has organized a VAT Bill Review Forum for members of the Institution and the public to discuss the possible impact of the Bill in its current form. The VAT Bill 2012 objective is to…
Safaricom New Smartphone Offers
With 55 days to Communications Commission of Kenya (CCK) deadline to switch off all counterfeit phones, Safaricom has unveiled its smart phone offer. Alcatel OT-918 Retails at KES 8,499, inclusive of 1.5GB data + KES 1,000 worth of airtime Features:…
8 Things You Should Know This Morning
1. Urban transport systems set for Sh35bn upgrade- Business Daily 2. Safaricom saves billions in new deal with Vodafone- Business Daily 3. Dating can be very costly, exercise restraint- The Standard 4. The costs that accompany aging without savings- The…
Stocks Watch
At today’s trading at the Nairobi Securities Exchange, we will be closely observing the following share counters: Sasini – On Friday, the grower of tea and coffee announced a profit warning for the 2012 financial year ended September. Read more on this here. The share…
Sasini Warns of Quarter Drop in 2012 Earnings
Sasini Ltd has issued a profit warning projecting that earnings for the financial year ended 31st September 2012 will be at least 25 percent lower than what the company made last year. “The Board of Directors of Sasini Limited Wishes to inform the shareholders of the…
Weekend Reading
A collection of articles to keep you company this weekend: 1. Business lessons from the unending buzz of a beehive- Business Daily “All a bee does is in anticipation of the future. When a lucrative vein of nectar is found, the entire colony doesn’t rush to mine it…
Closing Bell – 3 August 2012
For a fifth day today the NSE 20 Share Index declined to lose 3.6 percent and close at 3,687.72 points from 3,825.08 points yesterday while the All Share Index gained 3 percent to close at 85.40 points from 82.98 points yesterday. Source: FILE HIGHEST…
NBK Customers Profit from High Interest Rates
National Bank of Kenya customers are profiting from Kenya’s volatile economy. According to the Bank’s Managing Director, Reuben Marambii, customers have been getting higher interest rates on their deposits due to inflation. Loans and advances from the company have therefore declined owing to the high cost of lending…
Bamburi Half Year Profit Falls 13% Despite Growth in Turnover
Bamburi Cement has posted a 13 percent decline in pre-tax profit to 3.7 billion shillings for the six months ended June this year down from 4.2 billion shillings last year despite a 17 percent growth in revenue. The largest manufacturer of cement in East Africa…
Ministry Calls for Contractors for KES 12 Billion Dam
The Ministry of Water and Irrigation has issued an Invitation for Prequalification (IFP) yesterday for developers to carry out operations along the Thiba River. A loan from the Japan International Cooperation Agency (JICA) will be to fund the venture which will improve agricultural output in the region.
Get Your Blackberry Queries Answered
Airtel Kenya, through its twitter handle has posted a public invitation to a Blackberry clinic to be held from 3rd August to 5th August at Airtel’s shops in Sarit Center and Westgate. Members of the public will have their Blackberry queries answered plus they…
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