Stocks Watch – June 26 2012
At the close of share trading at the NSE yesterday, the Diamond Trust Bank share closed at KES 100 which was 2.9% below its previous close of KES 103 last week. The bank’s share has shown fluctuated performance this year, hitting a high of KES 104 mid this month. DTB…
An Analysis of the 1.4 Trillion Kenyan Budget
A couple of weeks ago the budget was read. The response on the ground was a mixed one. Even though there were winners and losers, for the most part, questions were rife in the minds of the citizens. Does the landlord tax mean my rent will go…
Closing Bell – June 25 2012
INDICES In today’s trading, the NSE 20 share index closed at 3,725 points compared to 3,681 points one week ago. The NSE All-Share index closed at 80.90 points while the FTSE NSE Kenya 25 index closed at 110.13 points. KEY ACTIVITY In today’s trading activity at…
Kenyan Banks More Interested in Retail Clients
Kenyan banks are turning to retail investors for cheap funds as opposed to large depositing customers for fear of paying high interests. According to figures released by the Central Bank of Kenya, loans grew faster than customer deposits in 2011. Commercial banks deposits are the primary source of funding for…
Cashless Shopping
It’s almost pay day and guys will soon be flocking the supermarkets to do their monthly shopping. We have compiled a couple of payment options that could not only save you on time, but also make your shopping more convenient. 1. Paying via VISA card…
Is Energy Efficient Homes the Way to Go?
There’s a TV advert by Kenya Power of a man who strives by all means possible to cut down on his electricity bills. He prohibits ironing of clothes in his house, unscrews light bulbs from every room to prevent his family from accidentally leaving lights on,…
Ecobank to Open More Branches
Ecobank Kenya has plans to open four new branches in Kenya. Incorporated as Ecobank Transnational Incorporated (ETI), the bank entered the Kenyan market in 2008 at difficult time from the industry due to the post election unrest evidenced in the country. The bank currently has 24 branches in the…
Stocks Watch – June 25 2012
Last week, the NSE 20 share index closed at 3,704.70 points while the all-share index closed at 67 points. This is the highest level that the all-share index has closed at this year as shown by the graph below: Source: Bloomberg The NSE all share index is a market…
Low Demand for Short-term Securities
Last week’s auction of the 91-day Treasury bills saw only a 1.31% rise in the interest rate from 10.54% in the week ended 15th June to 10.68% last week. Meanwhile, the 182-day commercial paper marginally increased to 10.86% during last week’s auction up from 10.74% the previous week. Demand for…
KQ Gears Up For London 2012
Early this month, Kenya Airways announced changes to its Summer Schedule. The airline suspended flights to Muscat and Rome effective immediately until further notice due to capacity optimization across the network. The airline introduced a new direct flight to Dubai which will operate three times a week with late evening…
Forex Trail – 25 June 2012
The Kenya Shilling saw improved performance against major currencies last week. Below is a table comparing its performance against major currencies in the past two weeks: Source: FILE The Kenya Shilling last week appreciated against the US dollar and Sterling Pound by 1.12 percent and 0.16 percent respectively. This…
UN Calls for Rules in Mobile Money Transfer
A recent report by the United Nations Trade Agency is calling for coordination and harmonization of mobile money in East Africa. The report states that the rapid growth of mobile money, specifically in East Africa calls for an effective and robust legal and regulatory framework. The report further…
21 Money Quotes
With the weekend coming to an end, we have compiled a few money quotes from presidents, movie stars, philosophers, athletes and even Paris Hilton, to jump start your week. “Early to bed, early to rise, keeps you healthy, wealthy and wise.” – Benjamin Franklin “Money is like a…
What Weddings Have Evolved Into
Money is tight, the girl is right, you’d elope tonight, but that wouldn’t be bright. What do you do? – WealthArtisan Weddings have evolved to become some sort of a competition, with every couple trying to throw a more lavish party than the last one.
Roommate of The Opposite Sex: Would You Take The Arrangement?
Each human being always desires a good, comfortable life as they proceed through age. In Kenya, the economic difficulties have not been giving youngsters much option as regarding good living. Thanks to creativity and ‘survival for the fittest’ mind set, most people try to earn as much comfort and quality…
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