Co-op Bank Share Falls Due to Fear of Dilution
Yesterday the Co-operative Bank share fell 0.7% to close at KES 14.35. Though this is not an extraordinary drop, it may serve as an indication of the trend the share will be following in the near future. Over the course of the day 2.05 million shares were either bought or…
Banking With Orange Money
Equity Bank is Orange Money’s preferred mobile banking partner with relatively friendly transaction rates as compared to those of other banks. Below is a comparison of transfer rates from Orange Money to a Equity Bank account and to other bank accounts. data sourced from: orange.co.ke The transfer rates from…
ERC Will Not Regulate Gas Prices
The Energy Regulatory Commission (ERC) will not regulate gas prices after all. In an earlier announcement, ERC said it was contemplating regulation of Liquid Petroleum Gas(LPG) prices after the handling and storage facility under construction in Mombasa is complete. The commission projected that the move would result to the drop…
Should You Track Your Net Worth?
“The true estimates of your financial intelligence is not how much you make but how much you are able to keep” – Roshawn Watson We received a positive response on Monday’s post: Want to Know Your Net Worth and figured we should have a…
Forex Trail – 24 May 2012
The Kenya Shilling slipped 0.242% against the US Dollar in yesterday's trading. The Shilling however gained 0.708% against the Euro.
Regionally, the Kenya lost 0.201%, 0.116% and 1.24% versus the Uganda and Tanzania Shillings and the Rwanda Franc respectively.
Stocks Watch – 24 May 2012
As at the close of trading yesterday the NSE 20-share index stood at 3,678.02 as compared to yesterday’s level of 3,672.3. The NSE All share index stood at 79.14 down 0.37 points from yesterday’s close of 79.51 points. The number of shares traded stood at 27.2 million while the value…
Kenya Shilling Momentarily Gains for the First Time in 3 Days
In yesterday’s trading the Kenya Shilling strengthened for the first time in three days registering an exchange rate of KES 84.90 over the course of the day. This comes as a small reprieve from the depreciation we have observed on the shilling over the last week or so. In response…
Counterfeit Nightmare Coming True
In 2007, China executed a former director of its food and drug agency for approving fake medicine in exchange for cash. This move was at the time when the far Eastern economic giant was preparing to host the 2008 Summer Olympics in Beijing. A local newspaper last weekend carried a…
Closing Bell – 23 May 2012
There were 13.43 million Safaricom shares changing hands today, the share price losing 10 cents down to close at KES 3.40. Stocks from the banking segment of the NSE held 4 of the top 5 mover slots in today's trading.
Banking With Airtel Money
Like the case of M-PESA-to-bank, Airtel Money allows you to conduct all your banking transactions in the comfort of your phone. You can withdraw and deposit cash into you account plus also transfer funds to another person’s bank account. Bank’s partnering with Airtel Money mobile banking…
KQ Offers Discounts From Dubai
National Carrier Kenya Airways in a bid to stay ahead of competition on certain African routes has offered its passengers from Dubai to several African destinations a 10% discount on the air ticket. The airline will be charging 10% off on all tickets from Dubai to Nairobi,…
CBK to Auction 182 Day Bills
Today the Central Bank of Kenya (CBK) will auction KES 2 billion worth of 182 day Treasury bills. The auction comes on the same day that the 5 billion shilling bond on offer closes. This comes after last week’s auction of Treasury Bills worth KES 4 billion. Last week…
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…
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