Energy Regulator is Actually Saving Us Money on Fuel
In the recent past, there have been debates from both the public and parliamentarians, on whether or not the Energy Regulatory Commission (ERC) should be disbanded. The ERC has been blamed for not acting in the interest of consumers, a concern brought about by the continuous upward trend in fuel pump…
Kenya Airways Shareholders to Get Low Dividend
Kenya Airways directors have recommended payment of a first and final dividend of KShs 0.25 per share for approval by the shareholders at the forthcoming Annual General Meeting to be held on 27 September 2012. This final dividend is down from the previous period’s dividend of…
PesaPortfolio – 14 June 2012
Below is the value of our portfolio as at the close of trading at the NSE on Wednesday 13thJune: The PesaPortfolio as at 14th June 2012 As at the close of trading yesterday, our PesaPortfolio stands at KES 93,246.70. This is KES 72.50 lower than the value on Tuesday.
KQ Pre-tax Profits Dip
National Carrier Kenya Airways‘ profits before tax have dropped to Ksh. 2.15 billion down from Kshs. 5 billion the previous period. Speaking at the release of the results Thursday, Group CEO Titus Naikuni attributed this drop to high fuel prices that made operations for the airline industry…
Budget ya Masufferer
[View the story “Budget ya Masufferer” on Storify]…
KQ Posts 53% Drop in Profits
Kenya Airways has announced its financial results for the year ended 31 March 2012. Net profit has dropped by 53% while turnover has increased by 25.7% in the same period. Expenses increased 33.2% while an interesting thing they call "realised gains on fuel derivatives" has increased by over 700% in the year.
Subscription for Bills Increases
Yesterday the Central Bank of Kenya (CBK) auctioned 182 day Treasury Bills worth KES 2 billion. This is similar to the amount auctioned at the previous auction. Yesterday’s auction was however quite different than last week’s. For one, the number of bids received increased from 73 last week to 77…
Should You Rush for Your Master’s Degree?
A master’s degree probably won’t get you your first job, but it will get you your third.
Forex Trail – 14 June 2012
Below is a table showing the performance of the Kenya Shilling against major international currencies as well as the currencies of our neighbouring countries in the last two sessions, Tuesday 12 and Wednesday 13 June 2012. Currency US Dollars Euro Sterling Pounds SA Rand…
Stocks Watch – 14 June 2012
Kenya Airways, Pan Africa Insurance and Equity bank make our watch list in today's session at the NSE.
Energy Regulator Set to Review Pump Prices
Today is a very busy day in the area of finance. Among the many announcements set to be made today are KQ’s results, the National Budget, and the Energy Regulatory Commission (ERC) is expected to review pump prices for the period between 15th June 2012 to 15th July…
Red Cross Offers Cheap Ambulance Cover
Kenya Red Cross Society has started an affordable ambulance service for Kenyans through its Emergency Medical Services (EMS). The service dubbed Jisajili Ujiokoe allows subscribers pay as little as Kshs. 14 a day for family ambulance cover through EMS and Emergency Plus Medical Services. E-Plus is Kenya…
Isn't Good Debt and Bad Debt Just Debt?
Is there such a thing as "good" debt? And if it's there, how come people don't long for so much of it if it's so good?
Good debt, probably not. Debt is not built to be good. But "better debt" and "worse debt?" That there definitely is.
CBK Pushes for Professional Agent Bankers
The Central Bank of Kenya has set out to have Banks appoint qualified and professionally suitable entities as their agents in the wake of the growing networks of agency banking in the country. The Central Bank of Kenya (CBK) released revised Prudential Guidelines and Risk Management Guidelines…
Closing Bell – 13 June 2012
Gainers Price (KES) Change (%) Pan Africa Insurance Holdings 34.00 6.25 Equity Bank Limited 21.50 6.17 Carbacid Investments Limited 114.00 3.64 Standard Group Limited 25.00 3.09 Barclays Bank of Kenya 12.90 2.79 Losers Price (KES) Change (%) Sameer Africa Limited 4.15 7.78 Eveready East Africa Limited 1.75 5.41 AccessKenya Group…
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