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…
Summary of CCK 3RD Quarter 2011/2012 Sector Statistics Report
Latest statistics released by the communications regulator (CCK) revealed that the number of mobile subscribers in the country has increased to 29.2 million between January and March 2012, up from 28.08 million in December last year. This has resulted in 89.10 per cent of the population having access…
Stocks Watch
At today’s NSE trading, we will be closely observing the following share counters: B.O.C Kenya – The supplier of industrial and medical gases yesterday closed at a high not seen since early last year, gaining 7.44 percent to close at Ksh 130.00 from Ksh 121.00 on Monday. The…
Civicon To Rehabilitate Roads To Wind Power Plant
Civil and engineering company Civicon has been awarded a USD 36 million (Ksh 3.2 billion) contract to rehabilitate 204 kilometers access roads for the Lake Turkana Wind Power Project (LTWP) and the construction of an additional 109 kilometers on site road network to…
The Future Looks Sweet for Mumias Sugar
Half year profits for Kenya’s leading sugar producer are on an 8 month high. According to the company’s annual report, profit after tax for the half year ended 31 December 2011 amounted to Ksh866.6 million. The company’s stock gained 2.24% to close at Ksh6.85 today. Their total comprehensive…
Kenyans Abroad Bring in More Money, CBK.
Kenyans in diaspora sent home $101 million (Ksh 8.5 billion) in May, which represents a 47% jump from the same month a year ago, and up from the previous month, according to Central Bank of Kenya data released on Tuesday. Apart from tea, horticulture and tourism, remittances…
Closing Bell – 10 July 2012
INDICES The NSE All-Share Index closed down for a second consecutive day, today losing 0.07 points to close at 82.11 points from yesterday’s close of 82.18 points while the NSE 20-Share Index also closed down for a second day at 3,789.33 points losing 1.73 points from…
Eveready EA to Elect New Directors
Eveready East Africa Ltd will be electing a new director on Thursday 9th August 2012. According to a notice posted by the Company’s Secretary Mr. Issa Timamy on July 7th 2012, the elections are bound to be conducted in Menengai Hall, Merica Hotel in Nakuru when the company…
Treasury Bill Rates Up for the Fifth Week Running
Treasury bill interest rates climbed for the fifth week in a row, at last week’s auction of the government securities by the Central Bank of Kenya, the Bank’s weekly bulletin showed. A treasury bill is a paper-less short term borrowing instrument issued by the Government…
Understanding Tier II Capital
"Consolidated Bank seems set on shoring their Tier II Capital" What does that even mean?
Samsung Unveils Smart TVs
Samsung Electronics East Africa has unveiled a new range of TV sets that include the firm’s LED and SMART technology. This comes in the wake of the company’s earlier announcement that it will be introducing digital TV signal compliant sets to the market. According to…
Safaricom Permanently Lowers Off-Net Calling Rates
Safaricom subscribers can now permanently make cross network calls at the rate of Ksh 4 per minute, down from Ksh 5 per minute. This comes after Safaricom limited announced through its Facebook page that it has made the Ksh 4 per minute local cross network calling rate offer…
My Money in My Twenties: We Have to Start Somewhere
We all have to find some place to start. No one just wakes up at the top.
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