International Crude Oil Prices Drop Further
Pump prices may go down after the price of crude oil drops to the lowest price since January 2011.
Stocks Watch
Today we will be observing the following counters at the NSE trading: Housing Finance Co. – The share gained for the fourth day this week after hitting a three-month low on Friday last week. It closed yesterday’s trading 1.33 percent higher at KES 15.2 from KES 15.0 on…
Closing Bell – 5 July 2012
INDICES The NSE All-Share Index today dropped 1.1 percent to close at 82.47 points from 83.39 points yesterday while the NSE 20-Share Index gained 4.5 percent to close at 3,795.3 points from 3,631.2 points yesterday. HIGHEST VOLUMES Like…
Central Bank Lowers Lending Rate
The Central Bank of Kenya‘s Monetary Policy Committee has this afternoon resolved to reduce the Central Bank Rate from 18% to 16.5%. This is a welcome move for borrowers as it could indicate lower interest rates on loans offered by banks. Commercial banks peg the…
Philips Launches New Range of Energy Saving LED Bulbs for Kenya
Electronics company Philips has announced a new range of energy saving LED light bulbs which are aimed at replacing existing light bulbs in such areas as hotels and restaurants. The new LED range offer significant energy savings of up to 90%, a very long life…
Samsung Galaxy S III Launched in Kenya
Samsung Electronics Co. Ltd has launched the much-anticipated GALAXY S III to the Kenyan market today. The Kenya launch is part of Samsung’s bid to maintain market leadership. Kenya is the second African country after South Africa to host the launch of the smart Samsung Galaxy…
Naivas “Docks” in Mombasa
Supermarket Naivas opens Mombasa branch.
Possible Outcome after today’s MPC meeting
Currently, the Monetary Policy Committee (MPC) is meeting to discuss key macro-economic policy matters affecting Kenya’s economy. The Monetary Policy Committee is the organ of the Central Bank of Kenya responsible for formulating the country’s monetary policy. A key item under review in today’s meeting will…
Kenya's Growing Luxury Market
According to World Bank data, about 45% of Kenya’s population lives on $1.25 a day. Despite this the luxury market in Kenya is growing at an alarming rate. There is a certain rise in the demand for affluent goods and services, especially among the bludgeoning middle class in Kenya.
Investing From the Comfort of Your Mobile Phone
Say goodbye to traditional methods of investing. Old Mutual now let you control your investments from your mobile phone.
Nokia expands its Asha Family
Nokia East Africa has extended the current Nokia Asha family range with two new mobile phones – the Nokia Asha 202 and Nokia Asha 305 for the local market. This is aimed at building up Nokia’s commitment to connect consumers to smart mobile phones. The introduction…
Stocks Watch
Today we will be observing the following counters at the NSE trading: Kakuzi – The horticultural grower’s share yesterday had its biggest one-day climb since January this year, gaining 6.7 percent to close at KES 80.00 up from KES 75.00 on Tuesday, Bloomberg data showed. Horticultural exports…
Deacons to Open Shop in Roysambu
Deacons ready to set up shop in Roysambu by 2013
Closing Bell – 4 July 2012
INDICES The NSE All-Share Index today gained 0.88 points to close at 83.39 points from yesterday’s close of 82.51 points. The NSE 20-Share Index meanwhile closed down 158.87 points at 3,631.20 points from 3,790 points yesterday. HIGHEST VOLUMES Equity Bank…
Continental Reinsurance Gets Licence For Kenyan Office
Pan-African insurance company Continental Reinsurance today announced its newly licensed Kenya office that lays the path for the future of the company in the insurance industry in East Africa. Continental Reinsurance’s expansion marks the next step in its commitment to promises to offer…
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