Forex Trail – 3 August 2012
Below is a summary of the Kenya Shilling’s performance against major foreign currencies this week: Performance of the Kenya Shilling against major foreign currencies this week Data from the Central Bank of Kenya shows that the shilling has remained stable against foreign currencies…
Jobs and Corruption Top Election Issues for Kenyans
According to a Gallup public opinion poll released on Thursday, Kenyans see unemployment and corruption as the top issues that the government should address in the next 12 months. The survey, which was conducted in April, indicates that messages of job creation and curbing corruption will most likely…
Insanely Expensive Stuff: The KES 2.1 Million Cheeseburger Bed
At USD 25,000, approximately KES 2,106,265, the cheeseburger look-a-like be is definitely not be an ordinary bed. As duvetland reported, demand for this type of bed is high, and its currently available in some countries around the world. The cheeseburger bed is round…
Shoplifters Causing Retailers Huge Losses
Local retailers have sounded an alarm over increased cases of operational losses occasioned by shoplifting and general theft. The losses technically referred to as shrinkage in retail trade parlance is rising by the day due to what industry players fear could be a case of an emerging organised pilferage ring…
Bottlers Merger May Result to Job Loss
The proposed merger between Kisii Bottlers, Mount Kenya Bottlers and Rift Valley Bottlers may result in job losses, given that some functions, such as procurement, will have to be shared. Currently, each of these three companies has employed 120 workers on average. Hundreds of others also benefit from short-term contracting…
Stocks Watch
At today’s trading at the Nairobi Securities Exchange, we will be closely observing the following share counters: Total Kenya – The petroleum marketer’s share has been one of the biggest gainers at the NSE for the past two days, gaining 8.75 percent since Wednesday to trade…
Coin Shortage Creates Booming Business
Slum water vendors, hawkers, beggars, sweet sellers and public toilet cashiers are cashing in on the ongoing coin shortage, reports the Daily Nation. As retailers look for ways of guaranteeing their supply of coins, they are now forced to buy coins from hawkers, slum water vendors,…
British-American Post Billion Shilling Profit
British-American Investments made a pre-tax profit of 1.8 billion shillings in the six months to June this year up from a loss of 109.6 million shillings in the same period last year. This ends the company’s loss making trend experienced in the latter part of last year.
8 Things You Should Know This Morning
A couple of things you are waking up to this morning: 1. Supermarkets are losing goods worth billions of shillings to shoplifters annually.- Daily Nation 2. National Carrier Kenya Airways (KQ) has begun a retrenchment exercise that will cover both unionisable and non-unionisable staff, during the month of…
Closing Bell – 2 August 2012
INDICES For a fifth day today the NSE 20 Share Index declined to lose 0.01 percent and close at 3,825.08 points from 3,825.65 points yesterday while the All Share Index also fell to close 0.04 percent lower at 82.98 points from 83.01 points yesterday.
Water Vendors Rage over Water Company
Water vendors in Mombasa are in conflict with Mombasa Water and Sewerage Company (MOWASCO) over the implementation of a policy aimed at regulating water prices and business. The vendors blame MOWASCO of making decisions without involving them or Mombasa residents. MOWASCO on the other…
Orange 42 Mbps, What You Need To Know
Orange Mobile yesterday launched its 42 Mbps network in Nairobi as part of its aggressive campaign to capture the data market share. Speaking during the launch, Telekom Kenya CEO Mickael Ghossein said the company has invested more than KES 4.13 billion in the roll out of its 3G…
Safaricom Promises Faster Internet
Safaricom has pledged to give its customers improved data services. According to the company’s annual report for the year ended March 2012, data subscribers have increased by 30.9%. The country’s leading mobile phone service provider intends to improve its network quality in order to meet the rising customer…
Digital Migration Battle Intensifies
More decoder providers in the market have taken the battle for digital TV subscribers to a whole new level. Giant retails have been forced to move to the grass root level in search of subscribers. GOtv retailers have currently set camp in different neighbourhoods, seeking subscribers…
PesaPortfolio – 2 August 2012
Below is the value of the PesaPortfolio at the close of trading on Wednesday 1st August 2012: The PesaPortfolio at the end of NSE trading on 1st August 2012 Since we last updated the PesaPortfolio at the close of trading on Thursday last week,…
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