Closing Bell – 4 May 2012
Gainers Price (KES) Change (%) WTK 260.00 8.33 TCL 25.00 6.38 PAFR 29.00 3.57 MSC 5.85 3.54 EVRD 1.70 3.03 Losers Price (KES) Change (%) EGAD 29.00 9.38 BOC 107.00 6.96 XPRS 3.85 3.75 SCAN 53.00 2.75 ICDC 15.15 2.57 Exchange Rates CURRENCY MEAN US DOLLAR 83.2806 STG POUND 134.8059…
Githae Calls on Banks to Lower Rates on Loans
Finance minister Njeru Githae has continued with his call on commercial banks to lower the rates at which commercial banks give loans to their customers. Githae has been asking banks and other lending institutions to make loans affordable to borrowers citing reduced cost of operations for the banks. Speaking at…
Investors Becoming Victims of Their Own Greed?
The recent revelation that some investors had lost millions of shillings of their investment to a product linked to CIC Insurance raised eyebrows. The product in question had characteristics similar to a pyramid scheme, handling huge sums of money and promising high returns in short periods.
Who Stands To Benefit from Lower Termination Rates
The recent move by the telecommunications regulator, CCK to lower the termination rate from KES 2.21 per minute to KES 1.44 is aimed at encouraging competition among the mobile operators which would subsequently result in lower calling rates. The termination rate is the amount…
CFC Stanbic 2011 Results
3%, the increase in CfC Stanbic Holdings' net profits in 2011
Why Safaricom is against Lower Termination Rates
The recent move by the telecommunications regulator to lower the termination rate from KES 2.21 per minute to KES 1.44 is aimed at encouraging competition among the mobile operators which will subsequently result in lower calling rates. The termination rate is the amount of money an…
Banking Sector Grows Through Turbulent Times
The Kenyan banking sector has been growing despite the turbulent economic times the country has experienced in the recent past. The sector posted good results for the year ended December 2011. This is evidenced by the impressive profit before tax of Ksh.89.3 billion (USD1.08 billion) for the year ended December…
Airtel to Maintain Tariffs After CCK Slashes Rates
Mobile operater Airtel Kenya will not be lowering the price after the Communications Commission of Kenya (CCK) cuts down the mobile termination rates (MTR) in July. Mobile termination rates is the amount of money an operator pays rivals if its subscribers call another network. The rates…
What Dating Teaches Us About Investing
Smart people don’t just make lemonade out of the ever flowing life’s lemons. They make money out of dates, especially those that have gone bad. If you are the kind of a person who tries as much as possible to squeeze lessons out of whatever life throws at you, then…
What to Consider Before Moving to a New Neighbourhood
There are dozens of things to consider when looking for a new home. Everyone has their ideal house in mind, whether it is a specious kitchen or huge living room. As exciting as such features might be, finding the right neighbourhood can make the difference between a good…
Off-Net Calling Rates to Drop
The Communication Commission of Kenya (CCK) is waiting for its board to lower the termination rate from the current KES 2.21 to KES 1.44 per minute. The new rates which are to take effect in July 2012 and will see off-net calling rates reduce. The “termination…
Forex Trail – May 4 2012
Below is a comparison of the movements of the Kenya shilling against the major world currencies and the currencies of our neighbouring countries over the last trading sessions, Wednesday 2nd May and Thursday 3rd May 2012: Currency US Dollars Sterling Pounds Euro SA Rand KES/USHS KES/TSHS KES/RWF Date 02/05/2012 83.2903…
Stocks Watch 4 May 2012
The Nairobi Securities Exchange yesterday had 36.22 million shares trading with a turnover of KES 628 million. The NSE 20 share index was up 44.05 points (1.24%) to close at 3,585 points from the previous trading session’s 3,541.07 points. The NSE all-share index was up 0.87 points to close…
NSE Investment Challenge 2012
The NSE Investment Challenge is here!
Monetary Policy Stance to Remain at 18%
Central Bank Rate to remain at 18%
Interest on loans to remain high.
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