Banks Allowed to do Extra Business
Banks in the country will soon be offering their clients an array of services on top of the basic financial services. Adoption of proposed amendments in the Banking Act by Finance minister Njeru Githae will allow banks to legally conduct the varied services . “The trend globally is towards convergence…
Are You a Hustler or an Entrepreneur?
Often, we hear many Kenyans, especially younger ones, claim that they are “hustling” or are “hustlers”. The term has been greatly glamorized by contemporary music and film culture and is now embraced by many Kenyans as a means to get rich. Generally defined, hustling is making money by whatever means…
Road License to Curb Operation of Stolen Motor Vehicles
Reinstating of road license will help reduce cases of selling and operation of stolen motor vehicles in the country. While reading the budget statement for the financial year 2012/13, Finance minister Njeru Githae said the recent removal of road license as a requirement had posed challenges to establishment of actual number of motor…
Trading Activity Drops at the NSE
Trading activity has dropped at the NSE today. Safaricom Limited is the most traded counter so far in the day with 2.9 million shares moving, the share price increasing by 5 cents. StanChart has appreciated KES 9 to trade at KES 200 while Limuru Tea has shed KES 10 in trading so far in rhe day.
NHIF’s Updated List of Accredited Clinics
Upon cancellation of in-patient and out-patient services provided to civil servants and members of the disciplined forces by Clinix and Meridian Hospital, NHIF Caretaker Board has released a revised list of hospitals its members can choose from for outpatient medical services. Below is the revised list:…
EABL Share Rises on Profit Speculation
Yesterday the share price of East African Breweries Limited (EABL) jumped 1.36% to close at KES 233. This is not a large increase but noteworthy nonetheless. Over the last month the counter has steadily increased from KES 215 to the current price of KES 223. This increase may be attributed…
PesaPortfolio – 20 June 2012
Below is the value of our portfolio as at the close of trading at the NSE on Tuesday 19 June 2012: As at the close of trading on Tuesday, our PesaPortfolio stood at KES 93,307.33. This is KES 865 lower than the value on Monday. This fall can be…
CCK Could Conduct New MTR Study
Information industry regulator Communications Commission of Kenya could conduct a new study to determine the most appropriate rate for mobile phone call termination. Mobile Termination Rate (MTR) is the amount of money a mobile operator pays a rival company when its subscribers call the rival’s network. The CCK board will…
Standard Chartered Gains 8 Shillings in Trading
The StanChart share gained 4.37% in yesterday's trading, a gain of KES 8 on the share price from KES 183 to close at KES 191.
Centum Share Down by 9.83%
In yesterday’s trading, the counter dropped KE S 1.45 to close at KES 13.30 a share. During the day it dropped by greater margins and traded at KES 12.25 at some point. This drop can be attributed to the announcement of a drop in annual profits from KES 1.237 billion…
Limuru Tea Down 40 Shillings in Trading
Limuru Tea closed 8% in yesterday's trading, a KES 40 drop in value to close at KES 460
Forex Trail – 18 June 2012
Below is a table showing the performance of the Kenya Shilling against the major international currencies and the currencies of our neighbouring currencies in the last two trading sessions, Monday 18 and Tuesday 19 June 2012: Image: FILE As we can observe, the Kenya Shilling gained against all…
My Money in My Twenties: When Should I Start Investing?
"How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case." - Robert G. Allen
Stocks Watch – 20 June 2012
The shares we are watching in today's trading include: Kenya Re, yesterday's biggest gainer. Pan Africa Insurance Holdings, up 8% in the last 3 months. Limuru Tea, down KES 40 in yesterday's trading having reached a new 5 year high last week. Standard Chartered Bank, up KES 8 yesterday to close at KES 191.
Nairobi Ranked World's 122nd Most Expensive City
The latest Mercer’s Cost of Living Survey has ranked Nairobi as the world’s 122nd most expensive city in the world, down from previously held position 108 last year. This move down the list is mainly attributed to the weakening of the dollar in the country. Within the last…
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