Nairobi Bottlers Limited to Launch New Plastic Bottling Line
Nairobi Bottlers Limited (NBL) is set to launch a new plastic bottling line plant on Wednesday 11th July 2012 in the company’s Embakasi Premises. The market giant projects that the new plant will be capable of producing 7 million cases annually, 2 million more than the current plant…
Forex Trail 10th July 2012
The Kenya Shilling yesterday appreciated against all major international and regional currencies, gaining 43 cents against the US dollar to exchange at KES 84.10 from KES 84.53 on Friday last week. Against the Sterling Pound, the Shilling was yesterday stronger by 89 cents exchanging…
Consolidated Bank Releases Ksh 4Billion Medium Term Note (MTN)
The Consolidated Bank of Kenya plans to issue a medium term bond for the sake of meeting supplementary capital as well as onward lending to its clients. The Capital Markets Authority (CMA) approved the issue and listing of the Ksh4 billion corporate bond on 21st June 2012. The…
Low Income Earners' Hope Of Owning Homes
Deposit taking microfinance institution Rafiki has embarked on mortgage lending targeted for low-income earners and individuals in the informal sector. The company has said it plans to commit 25% of its loan book to home loans. Rafiki plans to roll out home loans of between Ksh1 million…
Understanding the Prepaid Electricity Billing System
How do they calculate how many tokens you are to get when they are making the prepaid meter?
Africa's Retail Giant to Open Shop in Kenya
As some retailers exit the Kenyan market and others seek to expand, others have been eyeing it and are ready to pitch tent. Massmart Holdings Ltd, a leading South African retailer will open shop in Kenya through its subsidiary, Game. According to…
PesaPortfolio – 10 July 2012
Below is the value of the PesaPortfolio at the close of trading yesterday: The PesaPortfolio at the end of yesterday’s NSE trading At the close of trading yesterday, our PesaPortfolio gained KES 227.50 to stand at KES 95,430.00 up from KES 95,202.50 at last…
Stocks Watch
At today’s NSE trading, we will be closely observing the following counters: Marshalls East Africa Ltd – The motor vehicle company yesterday lost for the first time in more than three weeks closing 5 cents lower at KES 12.40 from KES 12.45 on Friday. Eveready East Africa Ltd…
Closing Bell – 9 July 2012
INDICES The NSE All-Share Index today lost 0.13 points to close at 82.18 points from last week’s close of 82.31 points while the NSE 20-Share Index closed down 2.26 points at 3,791.06 from 3,793.32 points yesterday. Source: FILE HIGHEST VOLUMES…
City Council To Take Over Property Over Debt
The City Council of Nairobi will be auctioning its debtors’ property and seize business premises in a bid to recover a Ksh 47billion debt owed to it in rate defaults. Last month the City Council took over the COMESA parking lot at Kenyatta…
Hass Property Index – Second Quarter Results to Be Announced
Hass Consult is set to announce residential price trends and release mortgage report in Kenya in its second quarter results that will be announced on Wednesday, 11th July 2012. Through a media invite sent to media houses, Hass Consult stated that it will be reporting on the acute acceleration…
Common Currency? Bring it On!
Could a common currency for East African actually be a good thing for Kenya?
Latest setback for Kenya’s Tea industry
Kenyan tea growing companies now face their latest challenge as the commodity’s exports to Iran, a main importer of Kenyan tea, come under threat owing to US trade sanctions placed on Iran which have diminished the country’s US dollars used for importing goods, the Business Daily reports.
Our Projections for Fuel Prices
The Energy Regulatory Commission (ERC) is expected to review fuel pump prices for the period 15th July 2012 to 15th August 2012 on 14th July 2012. We project a drop in pump prices following a decline in international crude oil prices. The…
CCK Board To Scrutinize 6 For Director-General's Post
The Communications Commission of Kenya board has been handed a short list of candidates who will be interviewed to fill the post of the Commissions director-general. The post fell vacant following an order issued by the High Court in August 2011 instructing Mr. Charles J.K. Njoroge…
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