Government Directs Reduction of Set Top Box Prices
The cost of converter box decoders to be reduced according to the latest from parliament.
Shoppers Turning to Mobile Devices for Shopping Decisions
A recently released survey by InMobi, a global mobile advertising network, reveals that Kenyan shoppers are increasingly consulting mobile devices before making shopping decisions. The insights, which were released this week, are based on a survey on 503 respondents in Nairobi, Eldoret, Kisumu, Mombassa, Nakuru and…
Kenya to receive $441 million for Energy
Blackouts may become a thing of the past if all goes according to plan. Kenya and Ethiopia are set to benefit from a $684 million loan that will be used to finance a cross-border power line. The World Bank’s Board of Directors gave their approval yesterday citing that the project…
Stocks Watch
At today’s NSE trading, we will be closely observing the following share counters: Standard Group – The media conglomerate yesterday closed at its highest in almost one year, gaining 8 percent to close at Ksh 27 from Ksh 25 on Wednesday. The share has ranged between Ksh 21…
Investor Demand Pushes Bamburi Shares up 3.5%
Bamburi the region’s leading cement producer closed at Ksh176 on the NSE today. This is Ksh6 more than yesterday. The group was one of the five top gainers on the bourse. Standard Group Limited was first with an 8% increase. Eveready came second with a rise of 6.2%.
Closing Bell – 12 July 2012
INDICES The NSE All-Share Index closed up 0.15 percent at 82.29 points from 82.11 points yesterday while the NSE 20-Share Index also closed up 0.15 percent at 3,802.96 points today from 3,789.33 points yesterday. HIGHEST VOLUMES For a second day…
Mobile Number Portability Growing
Mobile Number Portability (MNP), the service that allows subscribers to change mobile service providers but retain their numbers has been gradually growing since inception last year. According to a report released by the Communications Commission of Kenya, the number of subscribers porting their numbers increased…
What Property can Your Salary Get You?
According to data released by property development and management firm HassConsult , saving 15% of a Kshs 25,000 salary every month for five years is enough to raise a deposit on a property worth Kshs. 1,314, 729. This property would be a bedsitter on Mombasa Road or a…
The Truth about Bonds
A bond is an investment through which a financial institution borrows money from an individual for a specified amount of time at a fixed or floating interest rate. The institution uses the money for various projects and returns it to the investor at a profit. It is similar…
Diminishing Supply of New Homes; Cause For Rent Increment in Nairobi
Save for the recent entrance of rental income taxation, the increase in rent within Nairobi is as well being attributed to the increasing unavailability of upper middle income and top-end rental houses. “We now foresee continuing rises in rents which may take years to return to stability” Hass Consult’s project development…
Is Kenya’s Economy poised for another round of Inflation?
As Kenya is set to begin an economic recovery after the Central Bank reduced the base lending rate to 16.5 percent after keeping it at 18 percent for seven months, the local economy could also be setting itself up for another round of rising inflation. Since…
KBA Launches "Chat With a Bank CEO"
say you had a chance to talk to a bank CEO what would you say? Well, here's your chance.
CFC Stanbic to Lower Lending Rates
Following KBA’s announcement yesterday on lowering the lending rate CFC Stanbic Bank, which is part of the Standard Bank Group, announced plans to drop its lending rate from 24% to 22.5% in August. It has joined the ranks of Barclays and Bank of Baroda which intend to lower their…
Will You Benefit from i-Invest “Special Offer”?
Old mutual has lowered the initial iInvest limit to Ksh 1000 for one day, today. How practical is this?
KBA Rebrands, Promises Lower Lending Rates
Kenya Banker’s Association (KBA) has promised that commercial banks will start adjusting their base lending rates by the end of this month. This will be in conformity to the recently lowered bench rate by the central bank from 18 % to 16.5%. Speaking during a re-branding…
1
