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…
Real Time Traffic Alerts on Your Phone
The International Business Machines (IBM) Corporation East Africa is developing a mobile traffic management system that will make use of mobile phone signals. This will enable commutters and motorists avoid traffic snarl ups by using alternative routes. The phone signals will be generated from mobile devices of…
Fuel Shortage or Hoarding?
With the ERC expected to increase the pump prices of fuel timely lack of fuel stock is rather suspicious.
StanChart, DTB, NIC in Capital Raising Bid
Three commercial banks listed at the Nairobi Securities Exchange (NSE) are seeking to raise capital from the market totaling about KES 7 billion. Standard Chartered, Diamond Trust and NIC Banks are seeking to raise KES…
KRA Logbook Delays Infuriate Everyone
Automobile dealers in Kenya and their clients have been hit by the effects of logbook delays at KRA. Previously, it took just two weeks to get logbooks but today, it may take upto a month to get the same. This has resulted to slow…
Is the Internet Killing Productivity?
When you can’t post something on Facebook, it’s like someone cut off your oxygen supply. When you can’t Tweet, your friends think you’ve been kidnapped. Sound familiar?
Consolidated Bank Bond Begins Trading at NSE.
"The bond closed yesterday with a subscription rate of 84 percent that raised 1.7 billion shillings."
ERC to Review Fuel Prices Today
The Energy Regulatory Commission (ERC) is today, 14 August, 2012 expected to announce reviewed fuel pump prices for the period starting 15 August, 2012 to 14 September, 2012. Based on the recent upward trend in international oil prices we predict that ERC will review…
Stocks 101 – What is a share?
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 share is a unit of ownership. A share of the ownership. If you own…
Stocks Watch
Here are the shares we will be closely watching in today’s trading at the Nairobi Securities Exchange
8 Things You Should Know This Morning
A couple of things you are waking up to this Tuesday morning: 1. Nairobi City Council plan to sale city estates The City Council of Nairobi plans to sell seven residential estates to offset Sh13 billion in debts, setting the stage for an increase in rents for…
Closing Bell – 13 August 2012
A summary of trading activity at the Nairobi Securities Exchange today.
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