Safaricom Promises Faster Internet
Safaricom has pledged to give its customers improved data services. According to the company’s annual report for the year ended March 2012, data subscribers have increased by 30.9%. The country’s leading mobile phone service provider intends to improve its network quality in order to meet the rising customer…
Digital Migration Battle Intensifies
More decoder providers in the market have taken the battle for digital TV subscribers to a whole new level. Giant retails have been forced to move to the grass root level in search of subscribers. GOtv retailers have currently set camp in different neighbourhoods, seeking subscribers…
PesaPortfolio – 2 August 2012
Below is the value of the PesaPortfolio at the close of trading on Wednesday 1st August 2012: The PesaPortfolio at the end of NSE trading on 1st August 2012 Since we last updated the PesaPortfolio at the close of trading on Thursday last week,…
The Real Worth of Olympic Medals (Infograph)
While our athletes do their running, what's the actual monetary value of an Olympic medal?
Stocks Watch
At today’s trading at the Nairobi Securities Exchange, we will be closely observing the following share counters: British-American Investments – The holding company of British-American Insurance (Kenya), British-American Asset Managers and Britam Insurance Company (Uganda) is today announcing its half-year results for the six months…
8 Things You Should Know This Morning
1. Domestic workers form the majority of savers in the Retirement Benefits Authority (RBA) Mbao Pension Scheme.- The Standard 2. The Capital Markets Authority (CMA) is in the final stages of finalizing regulation in its real estate investment trust (REITs) product which it hopes will help address the housing…
Consolidated Bank Postpones Bond Listing
Investors will have to wait eleven days for Consolidated Bank’s corporate bond listing on the NSE. According to a press release from the company, the listing has been postponed from Thursday 2nd August 2012 to Monday 13th August 2012. Sources at Consolidated Bank said the delay…
Closing Bell – 1 August 2012
INDICES At today’s trading, the NSE 20 Share Index dropped 1.36 percent to close at 3,825.65 points from 3,878.49 points yesterday while the All Share Index also fell, losing 1.95 percent to 84.66 points from 83.01 points. HIGHEST VOLUMES…
IMF Pushes for Increased Food Tax
Kenyans may have to pay more for milk, bread and maize flour if the government passes the 2012 Value Added Tax (VAT) Bill. According to the Consumer Federation of Kenya, the International Monetary Foundation (IMF) is pushing the government to impose a 16% tax…
VAT Bill 2012; How Will it Affect You?
The VAT Bill 2012 has been met with hostility from public views as well as members of parliament. A number of MPs including Dujis MP Aden Duale and Yatta MP Charles Kilinzo have announced that they will spearhead motions to have the controversial bill withdrawn. The Bill, which was approved by…
How Friendly was Your July?
If the recently released Consumer Price Index (CPI) by Kenya National Bureau of Statistics (KNBS) is anything to go by, July was an economically friendly month as compared to June 2012. The CPI decreased by 0.85 per cent from 133.06 in June to 131.92 in…
Kenya’s Inflation Rate Trend
The overall inflation dropped to a 17 months low to stand at 7.74 per cent in July from 10.05 per cent in June 2012, reflecting a 2.31 percentage point drop. The last time inflation stood below the 10 per cent level was in February 2011 when inflation was…
Stocks Watch
At today’s trading at the Nairobi Securities Exchange, we will be closely observing the following share counters: Barclays Bank – The bank is expected to be announcing its half-year result for this year sometime this month. Last year, Barclays was ranked Kenya’s fourth biggest bank by…
8 Things You Should Know This Morning
Happy New Month! Here is couple of things you are waking up to this first day of August: 1. Inflation dropped to a 17-month low in July, setting the stage for a further reduction in interest rates to the benefit of consumers and businesses.- Business Daily 2. Kenya…
A Breakdown of the NIC Rights Issue
Companies use rights issues to raise more capital for reasons such as strategic expansions, to pay off debts or to buy out other companies. To raise the additional capital, a company invites existing shareholders to buy a specific number of new company shares at a discount.
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