Interruption of Water Supply
Nairobi Water Company has issued a public notice, on their facebook page, that there will be an interruption of water supply due to shut-down at the Kabete Water Treatment Plant. The aim of the shutdown is to relocate the water pipes around Museum…
KPA Seeks Tenders for Lamu Port Upgrade
The Kenya Ports Authority (KPA) is seeking bids for the design and construction of three water gateways in the Lamu port. The project, which will cost USD 5.3 billion, is part of a bigger venture which will include the construction of a railway, a pipeline, an airport, a…
Jua Kali Sector Covered by APA
Over eight million members in the Jua Kali sector stand to benefit from APA’s new insurance cover. “Heshima Mpango Poa” will provide cash benefits to members after a the death of a family member. APA’s chief executive Simon Clayton says that the product is tailor made precisely for consumers who are discouraged…
What You Need to Know About Mortgages industry Growth
Below is the Mortgages and Real Estate chat log from the ongoing “My 15 Min Chat with a Bank CEO”. The chat session was hosted by Frank Ireri, Managing Director, Housing Finance and Habil Okala, Kenya Bankers Association Chief Executive Officer. “My 15 Min Chat with…
Fifth Mobile Operator to Join the Market Soon
As posted in the Daily Nation this morning, a Vietnamese mobile operator, Viettel Group, has announced plans to start operations in Kenya. Viettel Group is a state owned mobile network operator with its headquarters in Hanoi, Vietnam. It started operations in Mozambique under Movitel on May 15, 2012.
July's Inflation Rate, What We Think
What the team thinks will happen to inflation in the month of July.
8 Things You Should Know This Morning
This is what you are waking up to this Tuesday morning 1. Githae to pick new CMA chief from a list of three– Business Daily 2. How Infomercials exploit psychology to hack your brain – Farnamstreet 3. Why you should buy a home before the…
Stocks Watch
At today’s trading at the Nairobi Securities Exchange, we will be closely observing the following share counters: Diamond Trust Bank – The bank’s pre-tax profit for the six months to June this year increased 34 percent to 2.16 billion shillings from 1.62 billion shillings in the…
DTB Shareholders to wait for Returns
Diamond Trust Bank (DTB) stakeholders will not benefit from a 21% increase in the Group’s earnings per share. According to a press release from the company, the Board of Directors will not compensate the shareholders with an interim dividend for this announcement period. “Shareholders should not…
Banking Sector Grows in 2nd Quarter 2012
The Kenyan Banking Sector shown continued growth in the second quarter of 2012 compared to first quarter period that ended March 2012. According to a report released by the Central Bank of Kenya, the size of assets standing at KES 2.2 trillion compared to KES…
Closing Bell – 30 July 2012
The NSE today saw a total of 29.38 million shares traded in 1,387 deals. Equity turnover was KES 359,997,035.00. Source: FILE HIGHEST VOLUMES Safaricom was the most traded share at the NSE for a fifth consecutive trading day, with 11.91 million shares…
KMC Gets 10,000 Acres to Boost Production
The Kenya Meat Commission (KMC) has teamed up with the East Africa Portland Cement Company (EAPCC) in a merger that will see them receive 10,000 acres of land from the cement producer. The land, which was being held as an asset base in Athi River for EAPCC, will…
KRA: The Trillion Shilling Tax Man
The Kenya Revenue Authority (KRA) aims at gathering a minimum of KES 1.2 trillion per annum by 2015; a 41.06% increment on the KES 707.3 billion in revenue collected by the KRA in the financial year June 2011 to June 2012. To help them achieve this,…
Sending Money from Abroad Simplified
Your family and friends in the diaspora can now send you cash, airtime and shopping vouchers using tuma-pesa.com, a Kenyan e-commerce webshop and money transfer service. When someone is sending you cash from abroad using tuma-pesa.com, they will be prompted to fill in your name and cell phone…
MPs in fresh bid to cap interest rates
Interest rates on loans should be capped at 4 percentage points more than the prevailing CBR, according to Members of parliament led by Gem MP Jakoyo Midiwo. Amendments to the Finance Bill 2011/2012 sponsored by Midiwo to have the lending rates capped was defeated in Parliament in March this year.
1
