Forget Economic Growth, We Have Oil.
During the budget speech Finance Minister Njeru Gitahe projected that the country would have a 5.2% growth during the year and gave several factors explaining how the government is working towards realising this dream. He was sure it would be a successful year for Kenyans and the economy…
Consolidated Bank to Open More Branches
Consolidated Bank of Kenya plans to open 10 more branches within a span of two years. The Bank, which has been in existence for 20 years; currently boasts of 17 branches in Nairobi, Mombasa, Thika, Nakuru, Eldoret, Embu, Meru and in other major towns in the country. In its information…
8 Things you should know this Morning
Here is a couple of things you are waking up to this morning: 1. Africa’s under-40 millionaires share their secrets to success Forbes this week published a list of ten African millionaires in their 20s and 30s. Prior to the publication of…
Relief For Motorists As ERC Slashes Fuel Prices
Kenyan motorists and kerosene consumers can sigh with relief after the Energy Regulatory Commission (ERC) announced price cuts on petrol, diesel and kerosene in its monthly fuel price reviews on Saturday. This is the biggest margin the regulator has reduced fuel prices since it started…
Stocks Watch
Stocks Watch – 11 July 2012 At today’s NSE trading, we will be closely observing the following share counters: Carbacid Investments Ltd – The parent company of Carbacid (CO2) Ltd rallied on Friday to reach its highest price in more than one and a half years.
Inside Kenya's new Cheque System
Since January this year, all commercial banks in Kenya have officially implemented the Cheque Truncation System (CTS), a new electronic cheque clearing system that has reduced the number of days it takes for bank cheques to clear to 2 days from 4 days, leading to advantages for individuals…
Money Spending, Saving and Borrowing Tips
Finance management, at personal level is the headache of many people. If one has an income, they think of how to better manage it, if they do not have they look for it, either by generating or borrowing. Here are a few interesting tips from Personal…
Postbank Launches SMATA Account
Young people aged between 12 and 18 can now enjoy Postbank’s new product, SMATA account. During the launch of the account at Ofafa Jericho High School in Nairobi, the bank’s managing director Dr. Nyambura Koigi said, “to open and account, all one needs is…
Private Bonds versus Government Bonds
Anyone can invest in bonds as long as they hold an account with any local commercial bank. The minimum amount needed to invest in a bond is Ksh100,000. Government bonds are debt tools which the government uses to fund budget-related projects. Corporate bonds are controlled by…
Weekend Reading
Every weekend, we travel the Interwebs and bring you a collection of articles that might interest you. Here is this weekend’s collection of links. Enjoy! 1. The hectic schedule of Africa’s richest man Aliko Dangote My day is not really very structured because of several issues,” he said.
Closing Bell – 13 July 2012
INDICES At today’s NSE trading, the NSE All-Share Index closed down 0.7 percent at 81.71 points from 82.29 points yesterday while the NSE 20-Share Index also closed down 0.38 percent at 3,788.64 points from 3,802.96 points yesterday. The day had 6,811,000 shares traded in 1,004 deals.
Forex Trail – 13 July 2012
Today's Kenya Shilling exchange rate against main currencies The shilling has today fallen back to exchange at Ksh 84.03 to the U.S. dollar, after exchanging in the range of 83 shillings since Tuesday this week, latest data from the Central Bank of Kenya shows. Today’s exchange rate…
Milk Prices Go Up Again
Barely a month after marketers slashed milk prices citing stabilized supply by processors, milk prices have increased again. A half litre packet of milk which a month ago was going for between Ksh 33 and Ksh 40 now retails for up to Ksh 45. Milk prices in June reduced from…
Muramati to List on NSE
Muramati Savings and Credit Co-operatives is keen to be listed at the NSE. On a phone call with with the SACCO a source, who would rather not be mentioned, said “We cannot tell the public exactly when we will be listed but meanwhile its true that we intend to be listed…
Airtel's 5X Free Talktime Offer
Airtel subscribers have a new offer at their disposal. Dubbed “5 times free talktime everyday”, the offer will award Airtel subscribers with five times the airtime they spend daily. To enroll, subscribers are to dial 141 or *141#, then set a target on airtime to be spend…
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