NSE Set for New Market Segment
We may soon hear of a new segment on the Nairobi Securities Exchange, the "Growth Enterprise Market Segment" where small and medium size companies can sell their shares for new capital for growth and development.
Pay up Your Water, Power Bill or Miss Out on Loan
Amendments in the Banking Act proposed by Finance Minister Njeru Githae will soon see many more Kenyans blacklisted, a move that would deny them access to loans and other forms of credit. This is a strengthening bid for lenders who have been pushing for information about borrowers. The minister proposed…
Interbank Rate Increases, Kenya Shilling Improves
The Interbank Rate According to the Central Bank of Kenya’s weekly report, the interbank rate, which is the cost at which commercial banks borrow from one another, increased to 16.75% during the week ending June 18, 2012 from 16.47% in the previous week. The average number of borrowing and lending…
NSE Opens to Subdued Trading Activity
The Nairobi Securities Exchange opened this morning to subdued trading. As of 1:09PM today, Mumias Sugar was the most traded share with 498,500 shares traded. The biggest gainer thus far has been Pan Africa Insurance, up 9.66% from KES 36.25 to KES 39.75.
An Oral Will: Should You Have One?
Simply put, an oral will is one that isn’t written but formulated by word of mouth. All you need to do is get a few competent witnesses who will listen to how you intend to dispose of your property and when you die, they will stand as witnesses to what…
PesaPortfolio – 18 June 2012
Below is the value of our portfolio as at the close of trading at the NSE on Friday 15th June 2012: As at the close of trading on Friday, our PesaPortfolio stood at KES 93,159.40. This is KES 135 lower than the value on Thursday. This fall can…
Limuru Tea Trading at KES 500
500 shillings can buy quite a few items. A few packets of milk, some bread and butter and sugar for several days of breakfast. 500 shillings is a pretty decent high-end lunch in the city. 500 shillings is a little over 4 litres of fuel, that in a decent motor vehicle, can take you well over 50 kilometres. 500 shillings is the price of one Limuru Tea shares.
Samsung to Sell DVB-T2 Compliant TVs in East Africa
Samsung Electronics East Africa (SEEA) could soon be selling DVB-T2 compliant TV sets in Kenya. The company has already submitted and is waiting for rating approvals for its DVB-T2 compliant TV sets from the Communications Commission of Kenya (CCK). SEEA has welcomed the move by the…
Trend in Fuel Pump Prices
The recent pump price review by the Energy Regulatory Commission (ERC) has seen the price of super petrol fall by KES 3.46 to stand at KES 117.67 per litre. The prices for diesel and kerosene have also dropped to stand at KES 105.51 and KES 83.20 respectively. The decline in…
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, Thursday 14 June and Friday 15 June, 2012. As we can observe the Kenya Shilling gained against the US…
Stocks Watch – 18 June 2012
The shares we are watching today are EABL, Pan Africa Insurance Holdings and Mumias Sugar. Here's why:
What Will Happen to Your Estate?
Do you have a will, does your clan have a say on your property, and what laws govern property inheritance? Based on the lengthy details in regard to the law of succession, we have broken it down into three parts: An introduction (Which is covered below)…
Mistakes Women Make With Their Money
A few of us handle our money flawlessly. Sadly, the majority of us do not. Most of us make mistakes here and there. We make some mistakes more than others, because of our personalities, our upbringing… or sometimes even our gender. Ridiculous? Perhaps, but true nonetheless. Let me start with…
Is Ignorance Bliss?
Picture this scenario; you’re on a date at a fancy restaurant. The waiter comes up and in an attempt to appear sophisticated you order oysters. Your date declines and says; “I had to dissect one during my study and once you’ve searched for the reproductive organs of an oyster you…
For Your Weekend Reading
Here are some stories we have put together for your weekend reading 1. Kenyans’ spending habits fuelling inflation Such is the spending pattern as more Kenyans have more to spend. While those selling goods and services will hike the prices due to the higher demand, Kenyans will be…
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