BAT Loses 12 Shillings in Trading
3.36 percent. Not too much huh? Well, BAT, lost 3.36% in yesterday's trading. That tiny, little, miniscule 3.36% drop is all of 12 shillings.
StanChart Offers 16.9% Interest On Mortgage Transfers
Standard Chartered Bank (Kenya) will be offering mortgages at 16.9% on mortgages transfered from other banks. The rate will be applicable to mortgages transfered only. The promotion will run up to the end of July in the bank’s bid to raise its mortgage book. This has come at a time…
Safaricom Lowers Cross Network Calling Rates
Safaricom Limited has today unveiled a promotion that lowers its cross network calling rates from KES 5 per minute to KES 4 per minute. The new rates take effect from 6th June 2012 to 5th July 2012, after which normal cross network calling rates will be…
Could you be Paying for Someone's Holiday Unknowingly?
Its good to note that our new weekly feature, The Scam, which we put up in the beginning of the week, is off to a good start by the response we have received. Our first scam feature was about a woman who visited Mombasa sometime…
Inflation Down, Shilling Weakening, CBR Stays.
The Central Bank Rate has been maintained at 18 percent for the sixth straight month while inflation has dropped to 12.22%
So why has the CBK decided to maintain the Central Bank Rate at 18 percent? One word: Europe.
Barclays Launches 'Mega Billionaire' Promotion
Barclays Bank of Kenya yesterday launched a 5 month promotional campaign dubbed the “Barclays Mega Millionaire”. The campaign is aimed at encouraging Barclays account holders to grow their deposits and develop a savings culture as a way to empower them both socially and economically. The promotion will see…
KQ Postpones Rights Results Announcement
Kenya Airways was expected to announce the results of its KES 20 billion rights issue today. This announcement has been postponed to the 8th of June. The rights issue has been the biggest cash-call in the East African stock markets with nearly 1.5 billion…
City Council to Take Over Central Bank, Police and Parliament Parking Lots
The City Council of Nairobi has warned that it will be taking over control of parking lots of state organs that owe them large amounts of money in unpaid rates and other charges. The City Council has named Central Bank of Kenya, Vigilance House and Parliament as some of the…
Stocks Watch – 6 June 2012
As at the close of trading on the NSE yesterday, the NSE 20-share index stood at 3,635.86 down from 3,653.29 the day before. The All-share index stood at 78.16 down from 78.21 the previous day. The number of shares traded also fell from 17.4 million on Tuesday to the 13.317…
Central Bank Rate Stays at 18%
The Central Bank of Kenya's Monetary Policy Committee yesterday decided to maintain the benchmark Central Bank Rate at 18 percent.
Forex Trail – 6 June 2012
The Kenya Shilling gained on the US Dollar for the second consecutive day, up 0.186% in the day's trading. The KES however lost against the Euro, the Sterling Pound and the SA Rand.
Budget Policy To Be Tabled in Parliament
Finance minister Njeru Githae has said he will table the 2012/2013 Budget Policy Paper next week on Thursday 14th of June. This has come at a time when the country is experiencing weak currency against major world currencies. Githae projects that tax revenues in the financial year 2011/2012 will be 14%…
Ecobank Named African Bank of the Year
Ecobank Transnational Incorporated (ETI) has been named African Bank of the Year in this year’s Africa Banker’s awards, defeating six other nominees to win the highly coveted prize. The Group CEO, Arnold Ekpe, was also honored with a Lifetime Achievement Award. The annual awards,…
Closing Bell – 5 June 2012
Gainers Change Price AccessKenya 9.52% 5.75 Crown Berger 5.65% 32.75 Trans-Century 3.09% 25.00 Safaricom 3.08% 3.35 Eveready 2.63% 1.95 Losers Change Price Jubilee 5.88% 160.00 ScanGroup 4.67%…
Save Money, Save the Environment
Today being the World Environment Day, here at Pesatalk, we celebrate it by looking at how what we buy affects the environment , and how we can reduce these effects on nature and save money at the same time. Here are some four ways to save on money…
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