KenGen Bondholders to Receive First Redemption Installment .
This month, the country’s power generating firm KenGen is set to pay out the first redemption installment of the 10 year Public Infrastructure Bond the company issued in 2009. The Ksh 25 billion bond was structured such that bondholders received semi-annual interest payments or coupons in the first two…
Safaricom to be the Fastest Mobile Broadband Network Next Week
Safaricom to have the fastest mobile broadband speed
Airtel Subscribers aren't Happy with the Promo Calls
Airtel subscribers have been constantly complaining about the frequent product promotion/advert calls by Airtel personnel. One Airtel subscriber complained of receiving no less than two advert calls a week, terming it as being very annoying. According to a response posted on their twitter page, a subscriber…
Eveready Profits Dim: Reports 124 million loss
Eveready East Africa Limited has reported its annual financial results for the year ended 30th September 2011. The battery maker has announced a loss of Kshs. 123,994,000, down Kshs. 132,697,000 from the previous period’s Kshs. 8,703,000 profit. This represents a 1524.7% drop in the profitability of the listed company.
NSE best performing stock exchange in Africa
According to investinginafrica.net, the Nairobi Securities Exchange is the best performing stock exchange in Africa based on the return an investor would receive having invested in the exchange at the beginning of the year (2012) and holding the investment to date, the year to date return. This analysis was…
A Day in the Life of a Kenyan Casual Labourer
“There are two tribes in Kenya, the rich and the poor” – Maina Kiai I’m Makau, a resident of Kibera slums, working as a casual labourer in Industrial Area. A new month has just begun and, like many of my neighbours, it’s back to our usual tactics of dodging the…
Orange Mobile to Temporarily Go Off-Line
Notice is hereby given that Orange Mobile will go off-line tonight, between midnight and 3am, to pave way for system upgrade to increase capacity and throughput. …
Fast and Easy Way to Know Your DStv Account Balance or the Rate
You can now know your DStv account balance or the prevailing forex exchange rate through the comfort of your mobile phone. To check your balance, send an SMS beginning with the word “Bal” (space) “smartcard number” to the number 3788 For the prevailing exchange rate send an SMS…
Ringera committee to commence hearing on CMC probe
Capital markets regulator Capital Markets Authority (CMA) has appointed an adhoc committee to hear the sides of those named in a forensic investigation report on giant car dealer CMC Motors Group. The report by Webber Wentzel (South Africa) accuses current and previous directors of fraud,…
The Closing Bell – 2/4/2012
Gainers Price (Ksh) Change (%) Standard Group Ltd 23.00 9.52 Express Ltd 4.40 6.02 Eveready East Africa Ltd 1.55 3.33 TPS Eastern Africa Serena 47.50 3.26 Kakuzi 79.50 2.58 Losers Price (Ksh) Change (%) City Trust Ltd 225.00 9.64 Olympia Capital Holdings Ltd 3.15 5.97 BOC Kenya Ltd 115.00…
Kakuzi Profits Increase By 66%
Kakuzi Limited has announced its annual financial results for the year ended December 31st December 2011. The company’s sales increased from Kshs. 2,113,774,000 to Kshs. 2,376,862,000 in the period representing a 12.45% jump in sales. The company’s total assets increased a substantial 22.27% from Kshs. 2,834,912,000 in the 2010…
US Hikes Visa Fees
New US visa fees will take effect as of April 13 2012. The change affect the Nonimmigrant visa application fees (also known as “MRV FEES”) which include: USD $160 for most visas that do not require a petition, examples of visas in this category are: Visitor Visa for business/pleasure Exchange…
CBK expected to maintain CBR despite falling inflation
The Central Bank of Kenya’s Monetary Policy Committee (MPC) is expected to hold a meeting this week. The Central Bank’s principal objective is the formulation and implementation of monetary policy directed to achieving and maintaining stability in the general level of prices. The aim is to achieve stable prices –…
CBK to auction T-Bills this week
Last week, the Central Bank of Kenya (CBK) offered 91-day and 182-day treasury bills for a total of Kshs. 7 billion. There were 190 bids for the 91-day bills amounting to Kshs. 1.19 Billion representing 30% subscription and 170 bids for the 182-day bills amounting to Kshs. 4.47 Billion, representing…
Kenya Airways Rights Take Off
National carrier Kenya Airways on Friday announced that it had entered an agreement with the International Finance Corporation (IFC) in which the IFC will buy shares and loan out money to the airline to the tune of Kshs. 8.7 billion ($105 million). KQ chief executive, Mr. Titus Naikuni,…
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