12 Things To Know about the Kenyan Property Market
Property values have increased 3.1 times since 2000
S&L Lowers Mortgage Rates
After announcing that it will be lowering its lending rates to 22% from 24%, Kenya Commercial Bank through its mortgage division S&L will be dropping the mortgage rates too, effective June 1st. During Kenya Commercial Bank’s Annual General Meeting on Friday 18th, group chief executive Martin Oduor-Otieno said the Bank…
Affordable Smart Phone Launched
Samsung Electronics East Africa, has unveiled a mobile device designed to introduce millions of Kenyans to the wide variety of Smartphone applications. In a strategic market development effort, Samsung electronics has introduced the Samsung Galaxy Pocket handset which is designed to provide a platform for more than 8…
PesaPortfolio – 23 May 2012
At the close of trading on Tuesday 22nd May 2012 our PesaPortfolio stood as follows: 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 2,700.00 5.70 5.65…
CBK Closes 5 Year Bond Offer
As we had informed you earlier (see CBK’s 5-Year Bond: Your 5-year Investment) the Central Bank of Kenya (CBK) will today close the offer for sale of a 5 year bond worth KES 3 billion. Bids have been received since the…
Forex Trail – 23 May 2012
Below is a comparison of the performance of the Kenya shilling against major global and regional currencies over the last two trading periods; Tuesday 22nd and Monday 21st May 2012: Currency US Dollars Sterling Pounds Euro SA Rand KES/USHS KES/TSHS KES/RWF Date 21/05/2012 84.4639 133.8243 108.1141 10.2041 29.2679 18.7433 7.125…
Your Bank Account On Mobile 24/7
When mobile money transfer started taking shape in the country, users did not visualize the revolution that would come with it terms of convenience, speed and ease of doing things. Apart from sending and receiving money, the mobile phone was put to use in accessing bank accounts, pay bills and…
Stocks Watch – 23 May 2012
A snapshot of some of the shares we are watching today. EABL increased a moderate 1.85% in yesterday's trading, representing a shilling-gain of KES 4. The share is KES 1 shy of the 52-week high.
Pesa Portfolio Changes
Barclays Bank, KCB and Kenya Re all had to go. They were losing the portfolio too much money. We however increased our holdings in Uchumi and Crown Berger as they seem prime to make us some good returns.
Houses in Eastlands Appreciate in Value While Those in Westlands Depreciate
The latest Hass Index report on neighbourhood rents and property prices at the end of 2011 revealed Eastlands as an upcoming investment area as land and property prices appreciated in value. This is in sharp contrast to upmarket areas that are experiencing a decline in both rental prices…
Do NOT Trust the Experts
Economist Tim Harford illustrations why experts and "experts" cannot really predict which shares are the most promising. What do you think?
Has the Kenya Re Share Reached its Zenith?
At the close of trading yesterday the company’s share had fallen for the second day in a row recording a drop of 5.7% to close at KES 12.35. On Friday the share reported a loss of 0.8% to close at KES 13.10 per share. This is…
Deposit Cash to Your M-PESA Account via PesaPoint
Safaricom has partnered with PesaPoint to unveil a new service that enables M-PESA subscribers to transfer money from their bank accounts into their M-PESA account through their ATM cards, saving one the hustle of withdrawing cash from their bank account and then having to…
Closing Bell – 22 May 2012
Gainers Price (KES) Change (%) Olympia Capital Holdings Limited 3.90 5.41 CFC Insurance Holdings 8.00 4.58 Mumias Sugar Company 5.90 4.42 Uchumi Supermarkets 19.05 2.97 Eveready East Africa 1.80 2.86 Losers Price (KES) Change (%) Express Limited 3.40 8.11 KCB Limited 22.25 5.32 CFC Stanbic Holdings 41.75 5.11 Barclays Bank…
Are Your Financial Plans Balanced?
“Money frees you from doing things you dislike. Since I dislike doing nearly everything, money is handy”- Groucho Marx Having a financial plan is a sure avenue towards attaining financial freedom, but having a balanced financial plan is more important that having a mere financial plan.
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