Stanchart Half Year Profits Up 87%
Standard Chartered Bank, Kenya has reported a pretax profit of KES 6.5 billion for the first-half of 2012. This is and 87% increment on the profit the bank made in the same period in 2011. The bank made a pretax profit of KES 3.5 billion for the…
Are free shopping 'paper bags' worth their cost?
A few years ago, you had to beg, almost on your knees for a supermarket to put one item in those paper bags. One item was not enough to warrant a “paper bag”. Those were the good old days, nowadays, even walking in and out a supermarket will get a you a polythene bag. After all they are so cheap.We have heard the term before. "Paper bags are free," are they? Really?
Fixed Line Service from Safaricom
Safaricom is coming up with a strategy to venture into the fixed line business, which has previously been dominated by Telkom Kenya. This new service named Safaricom One Net seeks to target companies and big organisations. Companies prospecting to acquire this service…
PesaPortfolio – 10 August 2012
The PesaPortfolio has gained 2,575.25 since our last update with most of the shares trading above their buying price
Discount on Ladies Shoes
10 per cent discount on all ladies shoes at Bata stores. Offer ends on August 12, 2012 …
Stocks Watch
Today we will be closely watching the AccessKenya, Standard Chartered & Co-operative Bank shares at the NSE
Bata Home, Buy From Comfort of Your Home/Office
Select the shoes of your choice, pay online and Bata will deliver the shoes to your doorstep
EAC Plans to Crack down on Counterfeiters
Kenyans can kiss counterfeit goods goodbye as the government moves to enforce a ban on all phony products entering the region.
8 Things You Should Know This Morning
1. All Kenyans must fight counterfeits – Kirubi Industrialist Chris Kirubi is urging all Kenyans to be on the frontline against the distribution and consumption of counterfeit products in the country. He acknowledged that his company Haco Industries, a leading manufacturing and trading company in the fast moving consumer goods…
Closing Bell – 9 August 2012
INDICES The NSE 20 Share Index has today climbed 8.05 points to 3,823.49 points from 3,815.44 points yesterday while the All Share Index has gained 0.40 points from yesterday to settle today at 83.86 points. Source: FILE HIGHEST VOLUMES Safaricom…
The Domino Modem, What You Need To Know
Orange Kenya unveiled another high speed modem dubbed: Domino. Below are a couple of pointers worth noting about the device. For starters, the Domino modem costs KES 9,999, inclusive of 2GB data. Domino modem users can purchase any of the…
African SACCO Summit Comes to Nairobi
The first ever summit for African Savings and Credit Cooperative Societies (SACCOs) and Cooperatives will be opening in the Kenyan capital Nairobi on 11th and 12th October 2012. The summit, whose aim is to determine ways for alternative financing, was initially scheduled to run between 14th and 15th…
Co-op Bank Earns 84% More from Interest Charged
Co-operative Bank of Kenya’s income from interest charged on loans and advances has grown 84 percent to 11.07 billion shillings in the six months to June this year from 6.02 billion shillings in the same period last year. Sources at the bank tell Pesatalk that…
Bank Lending Rates may fall further
Consumers may benefit from a further drop in lending rates as more banks move to reduce their charges this month. According to Kenya Commercial Bank’s (KCB) Chief Financial Officer, Joshua Oigara, commercial banks may reduce their rates even further from the current 20% average to as…
Taxman Goes After Super Rich
The Kenya Revenue Authority (KRA) has come up with a special team of tax collectors that will help pursue wealthy tax evaders. The special unit will comprise of specially trained experts in auditing, law and risk analysis.This came after taking note on an increase in imports of luxury commodities and…
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