Safaricom to Open Online Store
Customers outside a Safaricom Shop (Photo: Nigeria News) Mobile operator Safaricom has plans in place to launch an online store that will be a unified online version of the Safaricom Shops. The online store will be a more convenient platform for accessing merchandise that is available…
Closing Bell – 9 May 2012
A snippet of the goings-on at the NSE today.
The Story of The Boy and the Sundae
A story is told, from many years ago when a 10-year-old boy walked up to the counter of a soda shop and climbed onto a stool. He caught the eye of the waitress and asked, “How much is an ice cream sundae?” “Fifty cents,” the waitress replied. The boy reached…
New Health Insurance Tariff Put Off
Contributors to the National Hospital Insurance Fund (NHIF) will continue making contributions of Kshs. 320 for up to three months after the fund suspended its quest to implement a new tariff. Suspension of the tariff comes weeks after the Central Organization of Trade Unions…
Safaricom Results: What to Expect
Safaricom releases its full-year results tomorrow. KES 13 billion in net profits? Not likely.
Most people would rather spend more on food than buy airtime, that is the problem Safaricom had to deal with last year with the rise in inflation.
KenolKobil Might Delist From the NSE
According to the Business Daily, KenolKobil may be delisted from the Nairobi Stock Exchange (NSE) should the deal to sell majority shareholding in the company to firm Puma Energy succeed. Yesterday the firm released a cautionary statement announcing to its shareholders and the general public that the key shareholders…
Loan Defaulters Have Nowhere to Run
In the recent days, borrowers have not only been subjected to high interest loans, but the conditions for borrowing and repayment histories of the borrowers is the new nightmare. Lenders have greatly embraced credit sharing information which has seen a great decline in the amount of bad debts. The information…
KQ Performance After the Rights Issue
The highly publicised Kenya Airways rights issue closed a week and a half ago. For keen investors it would be worthwhile to note the trend the share has been following over this duration. If we consider the performance of the counter before, during and after the rights issue we observe…
Forex Trail – 9 May 2012
Below is a summary how the Kenya shilling traded against major global and regional currencies: Currency US Dollars Sterling Pounds Euro SA Rand KES/USHS KES/TSHS KES/RWF Date 07/05/2012 83.2703 134.8059 108.171 10.5687 29.5425 19.0225 7.2356 08/05/2012 83.2831 134.7159 108.5593 10.6367 29.7781 18.9835 7.2345 As we can see from the table…
Stocks Watch – 9 May 2012
Limuru Tea yesterday increased 2.5%...that is equivalent to KES 10.
Here's what to expect in today's trading at the NSE.
Nairobi Water Improving Reliability
Nairobi Water Company‘s mission is to ensure reliability and excellence in provision of water and sewerage services in the city. While I cannot vouch for them when it comes to sewerage services, I can definitely do so in regards to water provision services. I am a…
When One Expense Leads To Another
Have you ever bought one thing only to realize that this one purchase led to another? And another? And another? I have, and it can be very frustrating. I decided to get a new phone a year ago and after shopping around I found this ideal…
IFC in Deal to Support Small Lenders
World Bank’s private investment arm has entered into a partnership with a credit card company to help extend financial services to low-income earners. The International Finance Corporation (IFC) and the MasterCard Foundation on Monday signed a $37.4 million deal to help micro-finance institutions…
Closing Bell – 8 May 2012
Gainers Price Change Trans-Century Limited 26.50 8.16% Athi River Mining 197.00 4.79% Unga Group 11.00 4.76% Kenya Reinsurance 11.00 4.76% Olympia Capital Holdings 3.60 2.86% Losers Price Change Crown Berger Limited 24.75 9.17% Kapchorua Tea Company 115.00 4.96% Safaricom Limited 3.40 2.86% TPS (Serena) Eastern Africa Limited 45.00 2.17%…
Barclays Bank, the Day's Top Mover Drops 5 Cents
Barclays Bank of Kenya was one of today’s big movers with 4.799 million shares exchanging hands in the session.
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