PesaPortfolio – 20 July 2012
Below is the value of the PesaPortfolio at the close of trading on the 19th July 2012: The PesaPortfolio at the end of trading on Thursday 19th July 2012 At the close of trading yesterday, our PesaPortfolio had lost KES 1,432.50 to stand at…
A Few Things You should Know about Loan and Credit Reference Bureaus
Facts about loans and Credit Reference Bureaus
Sunken Chinese Treasures may be on Malindi Coastline
X marks the spot, could the spot this time be in Kenya?
8 Things You Should Know This Morning
A couple of things you are waking up to: 1. How to get a business permit in Nairobi Kenya Manual 2. It will now be impossible to sell or get a mortgage loan using property – land or a house acquired during the course of marriage as…
Chinese President Pledges To Fight Counterfeits Entering African Markets
Chinese President Hu Jintao has pledged to help African countries strengthen their customs departments capacity to control the entry of counterfeit goods. China, a key exporter to Africa has been blamed for most of the fake and substandard goods, ranging from electronics to medical goods, that have flooded…
Stocks Watch
At today’s trading at the Nairobi Securities Exchange, we will be closely observing the following share counters: Athi River Mining – The CEO of Kenya’s second largest cement firm has emerged with an 18 percent stake in the company worth 3.5 billion shillings after a re-distribution of…
Closing Bell – 19 July 2012
At today’s NSE trading, the NSE 20-Share Index closed up 1 percent at 3,825.93 points up from 3,788.52 points yesterday while the NSE All-Share Index also closed up today gaining 0.30 percent to close at 82.26 points from 82.50 points yesterday. Source: FILE HIGHEST VOLUMES…
“my 15 min chat with a bank CEO”: Interest Rates.
Below is what you might have missed in the previous “my 15 min chat with a bank CEO” interest rate chat session Rates hosted by Richard Etemesi, CEO, Standard Chartered Bank Q) Setwin: Will the decision by banks to reduce lending rates have…
Jubilee Scoops 10 Insurance Awards
Jubilee Insurance has won 10 awards at the annual Insurance Awards, 2012 chapter. The company has emerged as the most celebrated company at the awards for three years in a row. Jubilee Insurance was the overall winner in the Marketing Initiative, Medical Insurance underwriter, Life Insurer…
Oil Companies Working Against Consumers
A report represented to the Energy Regulatory Commission (ERC) has revealed that some oil companies have been hoarding fuel with an aim of prompting a shortage that will result into sharp rise in petroleum prices, sentiments that were echoed by the Parliamentary committee on Energy.
Clean Energy May Lower the Cost of Electricity
The price of electricity may fall in the years to come if foreign institutions continue to invest in Kenya’s energy sector. The country is set to benefit from a KES2.6 billion investment from the US government. Officials from President Obama’s administration arrived in the country yesterday as part…
How About a US-EAC Trade Pact?
US President Barrack Obama has proposed a US and East Africa trade pact. The Trade and Investment partneship between US and the 5 East African Community member states (Kenya, Tanzania, Uganda, Rwanda and Burundi) will seek to enhance fair and equitable treatment of investors. Michael Froman, Obama’s Deputy National…
Forex Trail – 19 July 2012
Below is a summary of the Kenya Shilling’s performance against major foreign currencies so far this week: Source: CBK Data from the Central Bank of Kenya indicates that this week has been stable for the Kenya Shilling, which has shown stable exchange rates…
First Relationship Centre Opened in Rift Valley
As part of yuMobile’s efforts to bring services closer to customers, yuMobile has officially opened its first Customer Service Relationship Center in Rift Valley. The Customer Service Relationship Center located at the new Westside Mall in Nakuru CBD will provide a range of services,…
Consumer Federation to Sue Mobile Phone Operators
The Consumer Federation of Kenya (Cofek) is planning to take mobile operators to court in a bid to stop them from switching off counterfeit handsets. Stephen Mutoro, the secretary-general of Cofek said that the procedure taken to deal with the counterfeit phones had omissions and that the consumer…
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