Kenya Airways To Boost Local Air Travel
A Kenya Airways Boeing 777-200ER. The airline has plans to increase its fleet for local and international operation. (Image: Aviationmecanicinfo.com) The national Carrier Kenya Airways is set to increase the up take of air travel when it opens its new projected routes around the country…
So You Think That Money is the Root of All Evil?
In the words of Ayn Rand, a Russian-American philosopher, playwright and screenwriter famed for the philosophical system of Objectivism: So you think that money is the root of all evil? Have you ever asked what is the root of money? Money is a tool of…
Some Money Lessons From Harry Potter
You must have either watched, read or at least heard about the Harry Potter sequel and J.K. Rowling, the author of the novel. Reading between the lines one can pick out at least six financial lessons. Harry Potter is a money smart boy who…
National Oil Comes To Motorists' Rescue
National Oil has reduced pump prices for Super Petrol and Diesel Nationwide (Image: nockenya.co.ke) Petroleum Company National Oil Corporation has cut its pump prices down from the figures that industry regulator Energy Regulatory Commission (ERC) announced last week. National Oil has cut the prices of…
Changes to the PesaPortfolio
In response to the performance of our PesaPortfolio over the course of last week, we have decided to make the following changes to the portfolio: Mumias Sugar Company: we will continue to hold all our 2700 shares in the company. This is because we believe that the share is undervalued…
Competition Could Lead To Cheaper Credit
Bank loans could soon be cheaper due to competition (Photo: dobanafrica.com) The Central Bank of Kenya will soon have legal backing to publish rates offered by banks on loans and deposits. Amendments in the Finance Act, 2012, have authorised the regulator to publish the lending rates charged…
PesaPortfolio – 21 May 2012
At the close of trading on Friday 18th May 2012 our PesaPortfolio stood as follows: Price (KES) Portfolio Value (KES) Share Market Segment Units Latest Previous Current value Previous value Mumias Sugar Company Manufacturing and allied 2,700 5.55 5.55 14,985 14,985 KCB Banking 1,000 23.75…
Make All Your Bank Transactions Through Your Phone
Are you tired of having to queue, wasting time at the bank to make simple transactions? Or do you wish you had easy access to your money during those emergency situations? Well, you can conduct all your bank transactions through your mobile phone without the need to visit…
CBK Issues New Guidelines on Deposit Taking Microfinance Institutions
The CBK has issued a new guideline for deposit taking microfinance insitutions that provides the necessary support and legal framework for DTMs to collect money from wananchi via their agency offices and marketing offices.
Kind of like Co-op Kwa Jirani and KCB Mtaani, but for microfinance institutions.
Angukia Hao na Ecobank
Ecobank Kenya unveiled a promotion dubbed “Angukia Hao na Ecobank” targeting existing and potential Ecobank Savings and Current account holders. The promotion which started on 17th May 2012 is slated to run for 3 months and is aimed at encouraging savings culture, financial inclusiveness…
Samsung Extends Warranty to Two Years
Consumer electronics manufacturer, Samsung Electronics East Africa, has unveiled a two-year warranty support for its range of products and appliances. Dubbed the Samsung Smart Care 24 Month Warranty, Samsung Electronics will provide comprehensive service support across all its products for customers purchasing Samsung products from authorised…
Forex Trail – 21 May 2012
Below is a comparison of the performance of the Kenya Shilling over the last two trading sessions, Friday the 18th and Thursday the 17th: Currency US Dollars Sterling Pounds Euro SA Rand KES/USHS KES/TSHS KES/RWF Date 17/05/2012 84.3875 134.2753 107.5402 10.191 29.3884 18.747 7.1399 18/05/2012 84.4528 133.0353 106.9623 10.0195…
Stocks Watch – 21 May 2012
Limuru Tea Company gained the maximum 10% in Fridays trading. That translates to an increase of KES 41 on the share price. The share closed at KES 451.
That share, as well as Mumias, Eveready, KCB and others, will be on our watch list in today's trading.
Water Supply in Upper Zones of Nairobi to Resume Soon
Residents of Upper Zones of Nairobi should expect normal water supply to resume by Wednesday this week. This comes after Nairobi City Water and Sewerage Company announced that repairs on the supply pipe from Sasuma Dam water are to be completed today. The supply pipe from…
KCB Books Close for Dividends
KCB's share register closes today at 3pm to facilitate the dividend payout.
Only shareholders in the register by 3pm today will receive KCB's goodies.
The dividend has increased 48% from last year's KES 1.25 per share to KES 1.85 per share following the firm's 53% increase in pre-tax profit in 2011.
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