NSE Opens to Increased Trading
The NSE opened this morning to increased trading. There seems to be no Monday blues for traders at the stock exchange today.
PesaPortfolio – 7 June 2012
Below is the value of our portfolio as at the close of trading at the NSE on Friday: Share Market Segment Units Latest Share price (KES) Previous Price (KES) Current portfolio value (KES) Previous portfolio value (KES) Mumias Sugar Company Manufacturing and allied 1,350…
State of Kenya's Financial Sector
In the following video, ABN’s Ken Kariuki talks about the state of Kenya’s financial sector in light of the high interest rates, increase in government expenditure and the widening current account deficit. Source: ABN…
International Crude Oil Prices Drop by 8.75%
It’s now official that international crude oil prices have dropped. Figures from Abu Dhabi National Oil Company, Kenya’s source for Murban Crude oil, show that the price of Murban crude oil has dropped by 8.75 per cent to retail at 110.60 USD per barrel in May…
BOC Drops 5 Shilings In Trading
The BOC Gases share lost KES 5 (4.35%) in Friday's trading.
Equity CEO Named World Entrepreneur of The Year
Equity Bank chief executive James Mwangi was on Friday named the Ernst & Young World Entrepreneur Of The Year 2012, at an awards ceremony held in Monte Carlo, Monaco. Mwangi was picked from 59 country finalists nominated for the title across 51 countries, each of whom had already been named the…
Stocks Watch – 11 June 2012
At the close of trading at the NSE yesterday, the NSE 20-share index stood at 3,639.46 while the All-share index stood at 78.62. The total number of shares traded stood at 19.45 million in 1141 deals. The equity turnover stood at KES 203.302 million. In today’s trading we will be…
Introducing Vivo Energy
Shell Kenya rebrands to Vivo Energy Kenya, as the business changes ownership from Royal Dutch Shell to Vitol Holding BV and Helios Investment. This transfer in ownership will also see Shell Chairman Jimmy Mugerwa step down. The change in name follows similar moves in Morocco, Senegal,…
BAT Kenya Inches Closer to 52 Week High
The BAT Share closed 1.16% (KES 4) to inch closer to its 52 week high.
Forex Trail – 11 June 2012
The Kenya Shilling rose against all the currencies we observed on Friday, ending the week on a high note. The highlight were a 0.981% gain on the dollar, a 1.348% gain on the Euro and a 1.896% gain on the South African Rand.
M-Pesa Puts Out Small Scale Retailers
Safaricom airtime retailers are slowly losing out as Safaricom intensifies campaigns for M-Pesa airtime top up. Small scale retailers are arguing that M-Pesa is taking up a large role in the distribution and retailing of airtime, threatening to drive them out of the market.
Want a Raise? Hit the Treadmill!
Work harder, longer hours...some of the things we think may help us get a raise. A new study shows that workers who exercise regularly earn 9% than those who don't. The key to your raise may just be to hit the gym.
10 'Different' Retirement Tips
Retirement. We don't talk too much about it. It's almost as if we don't expect to retire. And when we do, the talk is often about working harder and for longer. Here are some 10 "different" retirement tips for you.
'The Eleventh Round'- A Story About Money
Last week, we put up an article on Bernard Lietaer and his suggestion for alternative money systems that will act as complementary to the existing. This ex- banker believes that the design of money is the root of all that happens or doesn’t happen in society- that money…
256 Year-Old Advice on Saving Money in Hard Times
We know Benjamin Franklin well for his aphorisms. He is highly quoted when it comes to making and spending money. What’s interesting is that this advice was given more that 200 years ago, and it still makes sense in today’s world. In one of his many essays, Benjamin writes on…
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