Stocks Watch – 17 May 2012
Today we pay particular close attention to NIC Bank, Car & General, KCB, Kenya Re and Olympia Capital Holdings. Here's why.
Forex Trail – 17 May 2012
Below is a table showing the currency movements between the Kenya shilling and major international currencies as well as the currencies of our neighbouring countries over the last two trading days, Tuesday 15th and Wednesday 16th May 2012. Currency US Dollars Sterling Pounds Euro SA Rand KES/USHS KES/TSHS KES/RWF Date…
Areas Expected To Have Water Today
Below is the water distribution schedule for affected upper zones of Nairobi, following damage on the Sasuma Dam Supply pipe. data sourced from Nairobi Water…
CIC Insurance to List on the NSE
CIC Insurance is set to list on the Main Investment Market Segment (MIMS) of the Nairobi Securities Exchange (NSE). The insurance company will offer 25% of its authorised share capital. According to Reuters, the Capital Markets Authority (CMA) has approved this listing by mid-June this year. The listing would…
Flights From Nairobi-Vietnam to Start
Emirates, one of the fastest growing international airlines in the world, continues its expansion into South East Asia with Ho Chi Minh City in Vietnam becoming the airline’s 124th destination. From 4th June, travelers from Kenya will be able to fly from Nairobi to the Vietnamese city via Emirates’ state-of-the-art hub…
Closing Bell – 16 May 2012
A summary of the day's on-goings at the NSE
Virgin Atlantic to Suspend Nairobi-London Route
A Virgin Atlantic Airbus A340 landing (Photo: Airplane Pictures) Virgin Atlantic has today announced it will withdraw operations between Nairobi and London on 24th September 2012. Increasing costs and a challenging economic environment during the past five years in both Kenya and Europe have contributed to…
Shutting Down Counterfeits Could Take Longer, CCK Says
Assorted Mobile Phones (Photo: brickhousesecurity.com) The Communications Commission of Kenya (CCK) says it will only go on with its plans to shut down counterfeit phones after the public has been fully informed about the exercise. CCK had named August as the date of carrying out the exercise. The communications…
The Cost of Not Wanting To Wait
My mother bought her first sewing machine back when hire purchase was the in thing. Most guys were yet to factor in the additional costs of making such purchases and it was seen as the most ideal mode of buying, especially to those who wanted things now and…
The Checkbox Syndrome: Stop Obsessing Over Specs and Upgrades
This is not just an age of information overload, but it is slowly becoming an age of product overload. There is just so much to choose from. How many anti-bacterial soap adverts do you see on your TV in one night? There are just so many soaps with a ‘secret…
Pesa Portfolio – 15 May 2012
Our portfolio rose 162% more than the NSE yesterday buoyed by a gain in Kenya Re.
Why is the Shilling Dropping?
As at the close of business yesterday the Kenya Shilling had dropped by 0.2% to close at KES 83.6764 per US Dollar. Over the course of trading the shilling fell past the 84 to the dollar mark to trade at KES 84.60 per USD. The shilling has exhibited continuous depreciation…
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…
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