Kenya Airways Rights Shares Listed on NSE
KQ's rights shares have began trading on the Nairobi Securities Exchange. There are now an extra 1.03 billion Kenya Airways shares.
KenolKobil Suspension Lifted, Share Hits 6 Year High
Yesterday the NSE, through its CEO, announced that the suspension from trading on the KenolKobil share had been lifted. The share resumed trading at KES 12.50, the level at which it was suspended. The suspension, which lasted six weeks, had been instituted to allow the company to discuss and deliberate…
KPRL New Status to Make Fuel and LPG Cheaper
Kenya Petroleum Refineries Ltd (KPRL) will start importing its own crude for processing beginning July this year. This is after the Mombasa based refinery was given a Ksh. 21.2 billion loan from Standard Chartered Plc. KPRL which has been refining petroleum products on behalf of marketers will…
CBK Rejects 89% of Bids Received
The Central Bank of Kenya, in its capacity as fiscal agent for the Republic of Kenya, offered for sale a new 10-year fixed coupon (fixed payment) bond intended for budgetary support purposes. This seems to be in line with the KES 106 billion the government seeks to borrow from…
The Scam: Fake Estate Agents
Searching for an affordable and ideally located house to rent can be very stressful. Many spend months searching for a house and with every disappointment comes despair, lowering of expectations and guard and subsequently resulting in one accepting to settle for less. Some of you might…
Yield on 182 Day Bills Rises
Yesterday the Central Bank of Kenya (CBK) auctioned 182 day bills worth KES 2 billion. The bank received bids worth KES 1.17 billion representing a subscription of 59%. The bank accepted all bids received. The yield on the 182 day bills now stands at 10.857% up from 10.737% at the…
Bamburi Gains 7 Shillings in Trading
The Bamburi Cement share yesterday rose 4.49% in trading, a KES 7 gain to close at KES 163 from the previous day's close of KES 156.
Agent Banking: Services They Offer You
Banks are finally realizing the benefits of agent banking, with NIC and Family Bank being the latest entrant in the agent banking sector. Agent banking is a form of business conducted by an agent on behalf of a bank. Agent banking came into place following the…
Orange Introduces 3G WiFi Sharing Service
Mobile operator Orange Mobile Kenya has introduced the first 3G Wi-Fi broadband internet sharing service in the country. This is the first Wi-Fi 3G enabled device with a billing interface to enable easy sharing of the wireless network with peers. The wireless router which will use an Orange…
Carbacid Share Gains 9 Shillings in Trading
The Carbacid Investments share yesterday rose 7.83% in trading to close 9 shillings higher at KES 124 from the previous day's closing price of KES 115.The share has appreciated by over 30% in the last 6 months.
Trustees Barred From Serving Their Interest in Retirement Benefit Schemes
Finance minister Njeru Githae in his budget speech announced that the ministry was proposing changes in the law governing retirement benefits schemes to protect the businesses. “Individual Retirement Benefits Schemes are important vehicle through which increased coverage of savings for retirement can be achieved. To strengthen governance and encourage their growth, I…
Closing Bell – 20 June 2012
Safaricom was the biggest mover in the trading session today, the share price gaining 5 cents to close at KES 3.50.
Banks Allowed to do Extra Business
Banks in the country will soon be offering their clients an array of services on top of the basic financial services. Adoption of proposed amendments in the Banking Act by Finance minister Njeru Githae will allow banks to legally conduct the varied services . “The trend globally is towards convergence…
Are You a Hustler or an Entrepreneur?
Often, we hear many Kenyans, especially younger ones, claim that they are “hustling” or are “hustlers”. The term has been greatly glamorized by contemporary music and film culture and is now embraced by many Kenyans as a means to get rich. Generally defined, hustling is making money by whatever means…
Road License to Curb Operation of Stolen Motor Vehicles
Reinstating of road license will help reduce cases of selling and operation of stolen motor vehicles in the country. While reading the budget statement for the financial year 2012/13, Finance minister Njeru Githae said the recent removal of road license as a requirement had posed challenges to establishment of actual number of motor…
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