Invest From As Low As Ksh 1,000
Old Mutual Kenya have posted a special offer that reduced its i-Invest initial investment limit from Ksh 4,800 to Ksh 1,000 for first time investors. The offer is valid for one day – 12th July 2012. #iINVEST special offer! Initial investment reduced to KSh1,000 for 1st…
Stocks Watch
At today’s NSE trading, we will be closely observing the following share counters: Bamburi Cement Ltd – Kenya’s foremost cement manufacturer yesterday closed at its highest price since August last year, gaining 3.03 percent to reach Ksh 175 from Ksh 165 on Tuesday. The share’s gain was on…
Uchumi to Introduce Cafeterias in its Outlets
Uchumi Supermarket will be introducing restaurants and food stores into its outlets across the country. Currently, its food product line includes bakeries, grocery and fruit stores. Introduction of cafeterias in retail stores is a trending practise that has rendered the market competitive. By puting up cafeterias to its food product…
Mortgage Interest Rates On Downward Trend
Interest rates for mortgages have been on the downward trend even at a period when the base lending rate was at the 18% peak. This has been revealed at the release of the second quarter mortgage report by The Mortgage Company (TMC) in partnership with…
Closing Bell – 11 July 2012
The NSE All-Share Index closed up 0.06 points after declining the past two days, to settle at 82.17 points today up from 82.11 points yesterday while the NSE 20-Share Index was also up after losing the past two days. The Index closed up 8.07 points at 3,797.40 points…
CIC to List Over 2 Billion Shares on the NSE
Shareholders will be able to trade their stake at the NSE as soon CIC lists at the bourse. The company, which is Africa’s leading co-operative insurer, is set to list on the NSE on 18th July 2012. The insurer will open its shares to the public without the need to…
Government Offers Consolidated Bank to Private Investors
Consolidated Bank may be privately owned by the end of next year. Ministry of Finance Permanent Secretary, Joseph Kinyua told the media that the Privatisation Commission is currently working on listing the bank on the NSE by the year 2013. According to Ventures Africa, the government currently…
Mobile Money Transfer Users Grow
More Kenyans are taking to Mobile Money transfer as a preferred method of sending and receiving money in the country. According to Communication Commission of Kenya statistics for 3rd quarter of financial year 2011/12, the number of subscribers taking to this mode transacting has increased by close to 6,000 subscribers…
Forex Trail – 11 July 2012
Kenya Shilling exchange rate against major currencies today For a second consecutive day, the Kenya Shilling today exchanged above Ksh 84 to the US dollar, settling at Ksh 83.96 compared to Ksh 83.94 yesterday, CBK data shows. Against the Euro, the shilling was today 20 cents stronger, exchanging at Ksh…
ICT Project Set to Improve Government's Online Service Delivery
Execution and delivery of government online services is set to exhibit more efficiency after the government awarded Chinese telecommunication firm Huawei a tender to construct a Kshs 6 billion fiber optic infrastructure in the country. The tender, which covers other e-government projects as well, is expected to begin…
1.0 Billion Text Messages Sent Between January and March 2012
Kenyans send a billion texts between January and March, a 13.4% increment from last quarter.
Rent On The Increase Despite Stable Property Prices
Property development and management firm, Hass Consult has today released the results of the Hass Property Index for quarter 2 of 2012. The Hass Property Index is a measure of how housing prices and rents are moving. The report has revealed that there is an ongoing…
South Korean Investment Could Improve Kenya’s Infrastructure
Kenya’s Marine Authority is set to sign a Memorandum of Understanding (MOU) with South Korea’s Coast Guard later this week. The MOU is intended to improve security within the country’s coastline. Addressing local media earlier this week President Mwai Kibaki noted that he was ‘pleased to…
When Was The Last Time You Sent a Letter?
Statistics released in Communications Commission of Kenya (CCK) 3RD Quarter Sector Statistics revealed that during the period between January 2012 to March 2012, the total number of local letters sent declined by 14.3 per cent to record 16.8 million letters. In comparison with the January 2011 to March…
Yu Mobile Posts Highest Subscription Growth
As posted in Communications Commisssion of Kenya CCK 3rd Quarter Report, Esser Telecom Kenya Limited (Yu Mobile) posted the highest growth of 14.5 per cent, representing growth of 324,284 new subscriptions. A growth CCK attributes to increased promotional and special offers targeting the youth. As of 31st March…
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