Safaricom's Profits: 3rd Year in a Row That Profits Are Dropping
For the third consecutive year Safaricom's net profits have dropped. While that is not a very enouraging statistic, not all is sad and gloomy at Safaricom House. Things are pretty good in fact.
Closing Bell – 10 May 2012
Gainers Price (KES) Change (%) Unga Group 12.10 10.00 Marshalls E.A Limited 13.50 7.14 Uchumi Supermarkets Limited 15.50 3.33 Standard Group Limited 24.00 3.23 Eveready East Africa 1.65 3.13 Losers Price (KES) Change (%) AccessKenya Group 4.35 9.38 Total Kenya Limited 14.60 2.67 Equity Bank 20.00 2.44 Standard Chartered Bank…
Should You Get a Beba Card?
Seems like every money transaction service now has a smart card, from your fuel card to your Bank account’s ATM card. Plastic money is now becoming a common thing. Just as you would find a “Visa Card Accepted Here” sign in almost every supermarket, you will…
Where Do You Turn To When The Taps Run Dry?
Be prepared to dig deeper into your pocket as taps run dry for five days. This comes after the supply pipe from Sasuma Dam got damaged last night following the heavy rains that have been encountered lately. Click here for a list of affected…
Heavy Rains Cut Down Electricity Bills
You will pay lower power bills this month and a couple of the next if the weatherman’s predictions are anything to go by. The heavy rains have filled four power generating dams to capacity and the fifth dam is expected to spill in a weeks time if the rain intensity…
Are You Keeping Track Of Your Credit Score?
We all dream of owning a house, a car or even start our own company; all these require a strong financial base which our current financial status might not support. Banks and other credit lending institutions have come in to help us realize these dreams but recent events…
Results of Yesterday's CBK Auction
Yesterday the Central Bank of Kenya (CBK) auctioned 182 day and 364 day Treasury bills worth KES 4 billion. For the shorter dated bill the bank received 145 bids amounting to KES 4.6 billion which represents a subscription of 232%. For the one year bill, the bank received 126 bids…
The Safaricom's 2011/2012 Results
Safaricom's 2011/2012 Profits - It's Going Down.
Profits dropped 4% to KES 12.63 billion.
The firm spent 26 billion in capital expenditures, the same they spent on operating expenditures like advertising.
Updated List of Places Affected by Water Shortage
Nairobi residents will go for 5 days(update: 2 weeks) without water after the water supply pipe from Sasuma Dam was damaged following the heavy rains that have been encountered lately. Areas affected by water shortage include: Karen Lavington Westlands Parklands Spring Valley Kitusuru Loresho…
Forex Trail – 10 May 2012
The Kenya Shilling lost some ground against the US $ yesterday. It however recorded gains against the Euro, the SA Rand and the Queen's currency.
Stocks Watch – 10 May 2012
As at the close of trading at the NSE yesterday, the NSE 20 share index was down by a very marginal 13.25 points compared to Tuesday, closing at 3,585.93 points up from Tuesday’s 3,599.18. The NSE all-share index maintained its previous position t close at 78.09. The NSE…
National Bank's Day at the NSE
A look at the day National Bank ahs had at the NSE today.
Let Your Shoes Charge Your Phone for You!
Thanks to the rate of technology uptake in Kenya, new innovations are being seen that are changing Kenyans’ lives for the better. From mobile phone applications in the health, agriculture and business fronts to leisure and social arenas, live has been changing for the better. All these developments have an…
Do You Know The True Cost Of Owning That Car?
Cars are selling like hot cake in Nairobi and every Tom Dick and Harry wants to own one since the buying prices are relatively affordable.It is also becoming a status quo thing, where people are simply buying cars to belong, or to earn a certain respect among the…
Kenya Re's Exceptional Performance
On the 23rd of April Kenya Re-insurance Corporation released its financial results for the period ended 31st December 2011. It reported a 24% increase in its profits from KES 1.66 billion to KES 2.036 billion. In light of this, the board of directors recommended a dividend payment of 35cents per…
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