KCB Lowers its Lending Rates
Customers at KCB-Kencom Branch banking Hall in Nairobi. (Picture: Business Daily) Kenya Commercial Bank (KCB) group has announced that it will be lowering its base rates by close to 3 percentage points beginning June 1st. The lender will drop its average lending rate which has been at 25% to…
Forex Trail – 16 May 2012
The Kenya shilling slipped 0.3233% versus the US dollar yesterday. It also lost ground against the SA RAnd and the Queen's coins. The shilling however rebounded, up 0.0457% against the Euro.
The Kenya shilling has dropped for the sixth consecutive day against the dollar, the longest losing streak in 9 months.
Stocks Watch – 16 May 2012
At the close of trading yesterday, the NSE 20-share index stood at 3,637.08 points, up 8.84 points and from 3,628.24 points on Monday 14 May 2012. The NSE All-share index also rose from 78.98 on Monday to 79.19 points yesterday. The increase in the indices continued the upward trend of…
Crown Berger Paints a Picture of Success
Crown Berger is a Kenyan paint manufacturing company established in 1958 with an annual turnover of KES 2.6 billion and the capability of producing up to 1.5 million litres of paint per month. The company is listed on the NSE under the Main Investment Segment in the Construction and Allied…
The Upwards Trend In Fuel Prices
The recent pump price review by the Energy Regulatory Commission (ERC) has seen the price of Super Petrol continue its upward trend to KES 121.13 in Nairobi, the highest since November 2011. The reduction of tax on Kerosene, which was expected to cushion Kenyans from high costs of…
Have You Tried Group Buying?
The idea of group buying is not a new thing in business circles as many businessmen have been doing group buying on overseas purchases. However, the concept is still new and few people are learning how to take advantage of this useful platform. The idea for home goods group buying…
Invest in Kengen For Your Future
We believe Kengen is a good share to invest for the mid to long term. It looks strong for up to 100+ percent returns
Taps Flowing With Water Today
Residents of Dagoreti Corner, Uthiru and Lavington are in luck today as water will be flowing in their taps as from 11.00 am. Below are other areas expected to have water today: data sourced from Nairobi Water…
Closing Bell – 15 May 2012
Gainers Sameer Africa Limited 4.70 9.30% Kenya Re-Insurance Corporation Limited 12.00 5.73% Uchumi Supermarket Limited 16.75 5.35% Centum Investment Company Limited 15.50 4.73% Total Kenya Limited 16.00 4.23% Losers Carbacid Investments Limited 101.00 2.88% Express Limited 3.70 2.63% Kapchorua Tea Company Limited 117.00 2.50% Eaagads Limited 31.00 2.36% CFC Stanbic…
Small Banks Come to Borrowers' Rescue
In the wake of all financial difficult times in the country, it has emerged that groups have been befitting their own for survival, literally. A recent survey by The Central Bank of Kenya (CBK) reveals that small banks have been lowering their lending rates for the three months in…
Why Fuel Prices Shot Up
The recently announced pump prices have seen the price of Super Petrol increase by KES 2.63 to retail at KES 121.13, while Diesel has reduced minimally by 36 cents to retail at KES 108.44. The price of Kerosene has increased by 72 cents to retail at KES 87.00.
Kenya Power Makes Fresh Application to Revise Tariffs
Kenya Power has made a fresh application to the Energy Regulatory Commission (ERC) in its bid to adjust its tariffs upwards. An earlier proposal which was drawn and was expected to take effect in July has been withdrawn. The tariff sought to increase…
ARM Reports Positive First Quarter Results, Plans for a Share Split
Yesterday the company announced an increase in its first quarter results to KES 369 million. This represents a 17% increase in profits for the country’s second largest cement manufacturer by market value. As if in anticipation of this investor demand for the share rose during yesterday’s trading and the share…
Pesa Portfolio – 15 May 2012
The PesaPortfolio. We start off with Mumias, KCB, Housing Finance, Kenya Re, Kengen and Crown Berger.
We belive these stocks are currently undervalued and have potential to increase our portfolio value.
Stocks Investors Should Consider
As an investors or a prospective one choosing the right shares to invest in is a tricky affair. Confusion exists over which stocks to invest in for the short term and which ones to hold for a longer period. Investors also find it difficult partitioning their funds between government securities…
1
