Another Rights Issue in the Offing
As we at PesaTalk had alluded to earlier, Standard Chartered Bank has announced that it plans to carry out a rights issue and increase its authorised share capital. In a letter addressed to the Chief Executive of the Nairobi Securities Exchange the bank announced that its Board of…
Barclays Customers to Travel Cheaper
Barclays Bank of Kenya’s Business Club members will be travelling cheaper on their international trip program organized by the Bank. The club is a section of the banks’ customers who access exclusive privileges in the banks’ services. Speaking at the flagging off vans carrying 400 members…
Kenyan Stocks Hit 7 Month High
According to Reuters, Kenyan shares rose to hit a 7-month high on Thursday lifted by a return of institutional investors in the market. Institutional investors are non organizations that trade securities in large enough quantities that they qualify for preferential treatment and lower commissions. Examples could include Pension funds…
Local Tourism Boosted by Entreprenuers
Barclays Bank of Kenya, has extended a boost to local domestic tourism as the Barclays Business Club members headed to Amboseli National Park for a two day business workshop beginning Friday 20th. In the maiden Business Club trip this year, more…
Standard Chartered Seeks Approval to Increase Authorised Share Capital
Standard Chartered Bank has announced that its Board of Directors approved a Rights Issue subject to shareholder and regulatory approval. A notice of the Annual General Meeting (AGM) to be held on Thursday 24th May 2012 has also been released. This will be the 26th AGM of the shareholders…
Sameer Profits Up 68%
Up, up, up. Sameer Africa's profit after tax is up 69%
22 Year Olds to File Tax Returns
More to join the tax bracket as pressure to increase revenue collection builds
Forex Trail
Below is a summary of how the Kenya shilling performed against major global and regional currencies as at the close of business on Thursday as compared to Wednesday: DATE CURRENCY US Dollar Sterling Pound Euro SA Rand KESUSHS KESTSHS KESRWF Wednesday 18th March 2012 83.1389 132.4216…
The Bad Side of Economic Integration
Related to the: Good Side of Economic Integration Economic integration refers to the process of unification of economic policies through the removal of trade tariffs. This is meant to ensure the free movement of people, goods, services, and capital, enact and maintain common policies on trade, agriculture and regional…
Water Supply in Nairobi Disrupted
Taps run dry in parts of Nairobi
Stocks Watch
As at the close of business yesterday the NSE All Share index had moved up 0.65 points (0.86%) to close at 76.14 points while the NSE 20-share index moved 45.03 points to close at 3534.27 points, an increase of 1.29%. Safaricom Limited was again the yesterday’s biggest mover with 5.91…
KRA to Track All Your Purchases
Kenya Revenue Authority (KRA) is proposing to install a system that will capture and store every item one buys, a move aimed at facilitating better compliance in tax payment. Information of one’s purchases will be fed into KRA’s data base which will help cross-match…
Barclays Steps up Junior Saving
In a trend setting programme, Barclays Bank of Kenya has undertaken to raise awareness on savings amongst children using education entertainment (edutainment) platforms across major towns in Kenya. As part of its market development programme, to entrench the Barclays Junior Eagles Club Account, Barclays Bank…
Closing Bell 19/4/2012
Safaricom was the day's biggest mover, over 5.9 million shares traded.
No KQ rights were sold today.
A Move to Airtel for the Off-Net Calls
Figures from the Communications Commission of Kenya, 2nd Quarter October – December Report 2011, indicate that Airtel’s overall off-net voice traffic, over the period of October to December 2011, surpassed those of its on-net voice traffic. The off-net call minutes stood at 429,766,670 while those of…
1
