The Counterfeit Menace
Manufacturers of Viceroy Brandy recently announced that a fake version of their product is circulating in the market. Nokia on the other hand has affirmed commitment in the fight against counterfeiting, . Counterfeit commodities have continued to be a menace. The Kenya Anti-Counterfeit Authority…
A Look at the CIC Insurance Listing
CIC Insurance Group Limited will be the 6th Insurance company and the 61st listed company on the NSE.
Limuru Tea Hits 500 a Share
When thinking about stocks on the NSE, very rarely does one consider Limuru Tea. This is mainly because the share is expensive and fairly dormant. However, at KES 500 per share it is the priciest counter at our bourse. Consequently, we at pesatalk consider it worth observing. The Limuru Tea…
Pesa Portfolio – 13 June 2012
The Pesa Portfolio yesterday increased in value by 1 percent, outperforming the NSE 20 share index that rose 0.36 percent. Mumias, Housing Finance and Crown Berger were gainers, Crown Berger increasing KES 1.25 to support the portfolio's growth. Meanwhile Kengen and Uchumi lost us money but the portfolio managed to do well overall.
Normal M-Pesa Services Resumed
M-Pesa users were this morning experiencing delays with M-Pesa transactions. Safaricom, through their Twitter handle, have announced that the problem has been solved and that normal M-Pesa services have resumed: Service has been restored on M-PESA. Thank you for your patience. — Safaricom Limited (@SafaricomLtd) June 13,…
CCK to Restart SIM Registration
The Communication Commission of Kenya(CCK) plans to start another round of SIM card registration in the coming weeks after the process was stopped two years ago. This comes after an amendment to the Kenya Information and Communications Act 1998 was passed, requiring registration of all telecommunication services…
KQ Performance Dwindling
On Friday the 8th of June, Kenya Airways (KQ) announced the results of their KES 21 billion rights issue. The announcement reported that the issue had received a 70% subscription implying that about KES 14 billion was raised. This news was not necessarily unexpected since there had been speculation that…
KQ to Announce Results on Thursday
National carrier Kenya Airways is set to announce its annual financial results on Thursday 14th June 2012. For the financial year 2010/2011, Kenya Airways posted a profit after tax of Shs. 3.5 billion up from Shs. 2.0 billion the previous period. The airline had a rights issue in May where…
M-Pesa Experiencing Delays
According the Safaricom customer care Twitter page, M-Pesa is currently experiencing intermittent delays We are experiencing intermittent delays on the M-PESA service. Our teams are working on resolution. Inconvenience highly regretted — Safaricom Limited (@SafaricomLtd) June 13, 2012 …
Stocks Watch – 13 June 2012
Limuru Tea, Kakuzi, Crown Berger and Kenya Re make our stocks watch list today. Limuru Tea yesterday rose 8.7% to hit the KES 500 mark while Kakuzi was the biggest loser in yesterday's trading.
AccessKenya Issues Bonus Shares
AccessKenya Group, the only publicly listed Internet service provider, has issued 10 million bonus shares to shareholders after gaining approval from the Capital Markets Authority (CMA) and by shareholders. In yesterday’s trading the share appreciated 1.8% to close at KES 5.65 from KES 5.55 the previous day. The approval will…
Forex Trail – 13 June 2012
The Kenya Shilling had mixed fortunes in yesterday's trading, up 0.727% versus the Euro, losing 0.508% against the USD, gaining 0.616% against the SA Rand but losing 0.003% against the Sterling Pound.
Nokia Affirms Commitment to Fight Counterfeits
During this year’s World Global Anti-Counterfeit Day, Nokia joined forces with the Kenyan Anti-Counterfeit Agency (ACA) to affirm its commitment to reduce the number of counterfeit mobile phones and accessories in East Africa. Robert Nyagah, Nokia East Africa Care Channel Manager commented,…
Closing Bell – 12 June 2012
Safaricom pipped Equity Bank to be the most-moving share in the day with 6.087 million shares traded. The share price inched 5 cents to close at KES 3.45.
Nairobi to Adopt Digital TV Signal by December
Nairobi and its environs will have an all digital TV platform by the end of this year. Speaking at the launch of new digital TV provider StarTimes, Communications Commission of Kenya acting director Francis Wangusi said plans were under way to fully digitalize the…
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