A Summary of the Kenyan Banking Sector Report
43 commercial banks.
112 foreign exchange bureaus.
6 deposit taking microfinance institutions.
4 representative offices of foreign banks.
2 credit reference bureaus.
1 mortgage finance company.
~ This is how the Kenyan banking sector looks like as at the end of March 2012.
Unfamiliar Investments: How do REITs work?
REITs collect funds through an Initial Public Offering (IPO). These funds are then used to buy, develop and manage real estate projects. Income is generated through renting, leasing, or selling the properties and is distributed directly to the REIT holder on a regular basis. When a REIT pays…
Am I a Great Investor?
As an investor, whether in real estate, stocks, bonds or mutual funds, one always wonders where they would rank against other investors. Are the investment decisions you make sound? Are the stocks held in your portfolio good buys? Are your convictions and perceptions about certain companies and…
The Curious Case of Eveready
Kenyans were excited about the stock market. The Kengen IPO had made some shareholders up to 6 times their initial investment. Eveready was going to be successful too right?
Top Posts This Past Week
These are the Pesatalk posts that we thought we should highlight this weekend, in case you missed any of them. 1. Be Warned Of This ATM Theft Technique I recently received an e-mail from a friend warning me to be careful when conducting ATM transactions. Apparently, thieves have devised a…
Weekend Reads
Here are some articles we have put together for your weekend reading. Enjoy 1. Six Crazy Internet Money Making Ideas (That Worked) Everyone loves cash money and the Internet has allowed many businesses with great ideas to become filthy rich. But among all those great thinkers there have…
To Take or Not To Take That Job Offer
The Kenyan job market is a tough one and the options of ‘not taking’ a job offer coming your way are almost non existent. When an individual goes for months without a job, they always embrace the next offer that comes their way with a lot of gratitude that they…
A Diesel or a Petrol Engine?
Like football, diesel cars are a worldwide phenomenon that many people just don’t get. More than 50% of new European cars have diesel engines. Japanese models, which are common on the Kenyan market are petrol cars. There are signs, though, that diesel cars are becoming more main stream. In…
50 Quotes By Great Minds
“The only true wisdom is knowing that you know nothing.” Socrates
How much is Enough to be Happy?
It is interesting that while we can all understand and accept our financial situations at any particular time, no one ever seems to have enough. This is because there is only one thing that people really want: and that is to be happy. So what in terms of your lifestyle…
Is That Extra Feature On Your Gadget Worth Paying For?
Every day we come across advertisements in the media of items such as phones, TVs, fridges and many others. Quite often, some of the features that ‘add value’ to these items are usually very complex for the user or not important at all. The recent wave of smart phone use…
Unfamiliar Investments: Introduction to REITs
When considering what to invest in, most Kenyans think of buying land, shares at the NSE or even starting a business. The more informed investor may consider government securities, Treasury bills and bonds or Mutual Funds. Other than these there are other investments collectively considered Alternative Investments, these include forex…
The Cost of International Mobile Calls
A mobile user makes a call. (Image: COFEK) It is indisputable that the world has become a small village and the more people get connected business wise and socially, the need to communicate within the global village grows bigger. The internet through social media and email messaging solved…
Is Greed Good? Someone Certainly Thinks So
Is greed so bad? It is one of the 7 cardinal sins. Greed can't be so good can it?
Someone does not think so.
Closing Bell – 31 May 2012
There were 63 million Safaricom shares traded today on the NSE. The share price however remained unmoved at KES 3.25. Newbie share Longhorn Kenya Limited was the biggest gainer of the session, the counter closing KES 1.60 up (9.91%) to close its second trading day at KES 17.75.
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