Trend in Cost of Living
Kenyans are constantly being forced to dig deeper into their pockets in order to make ends meet. If it’s not the price of “Unga” that has increased then its fuel prices. If it’s not transport fare that has increased then it’s the price of sugar. The cost of…
Results of Yesterday’s T-Bill Auction
Yesterday, the Central Bank of Kenya (CBK) auctioned 182 day Treasury bills worth KES 2 billion. For the bill the bank received 934 bids amounting to KES 1.2 billion which represents a subscription of 59%. Clearly, the trend of gross under-subscription for government securities as we observed at the last…
Saving on a Road Trip
It is the end of the month, so money is in the bank, hopefully, and there is a long weekend ahead of us. Most likely, many are planning a road trip to celebrate Madaraka Day with with friends or family. But you know what these road trips do…
PesaPortfolio – 31 May 2012
Below is the position at which our portfolio stood at the end of business yesterday, the 30th of May 2012. Share Market Segment…
Safaricom Subscribers Get 50% Bonus Airtime
Mobile phone subscribers on the Safaricom network will get a 50% bonus airtime when they top up from the operator’s mobile money service M-Pesa. This is a top-up to the May 10% bonus that the company has been offering on purchase of airtime from M-Pesa. The 10% bonus offer…
The Longhorn Listing: What You Need to Know.
The Longhorn Kenya shares yesterday began trading. The share price opened 42% higher than the listing price, KES 20 from a listing price of KES 14.
Stocks Watch – 31 May 2012
DTK, KQ, Longhorn and Scangroup make up or list of to-watch shares today. DTK was up 5.7% in yesterday's trading while Scangroup closed 7.84% higher at KES 55 from KES 51 the previous day.
Forex Trail – 31 May 2012
Below is a table comparing the performance of the Kenya Shilling against major international and regional currencies over the last two trading days; Tuesday 29th and Wednesday 30th May 2012. Currency Date US Dollar Sterling Pound Euro SA Rand KES/USHS KES/TSHS KES/RWF 29/05/2012 85.3958 134.1424 107.5728 10.2703…
Price of Basic Commodities Increase Over The Month of May
Statistics from the Kenya National Bureau of Statistics (KNBS), yesterday, revealed that Consumer Price Indices (CPI) had increased by 0.26 per cent from 133.74 in April 2012 t0 134.09 in May 2012, signifying that May was generally a more expensive month to many as compared to…
Do’s and Don’ts of Buying Land: Involving a Lawyer in a Property Transaction
A property sale is a very sensitive transaction which should be approached with a lot of caution. Many have been tricked into losing their money while buying a piece of property that had been previously sold to someone else. So is a lawyer necessary? One is…
Closing Bell – 30 May 2012
Gainers Price (KES) Change (%) Scangroup Limited 55.00 7.84 Carbacid Investments Limited 110.00 5.77 Diamond Trust Bank Limited 102.00 5.70 NIC Bank Limited 34.50 5.34 Kapchorua Tea Company Limited 130.00 4.84 Losers Price (KES) Change (%) Co-operative Bank of Kenya Limited 13.05 4.40 Jubilee Holdings Limited 170.00 2.86 BOC Kenya…
Inflation Rate Drops
The Kenya National Bureau of Statistics (KNBS) has released Consumer Price Indices (CPI) and rates of inflation for the month of May 2012. KNBS generates the numbers using data collected during the second and third weeks of every month under review to get the CPI. The CPI increased by 0.26 % from…
KQ Announces Eldoret Route
National carrier Kenya Airways has announced the launch of flights to two new destinations – Kilimanjaro in Northern Tanzania and Eldoret in Kenya’s Rift Valley – beginning July. The airline will, from July 2, fly to Kilimanjaro International Airport and twice daily to Eldoret starting July 4. The launch of the…
Changes to the Pesa Portfolio
We have made some changes to the various stocks in the Pesa Portfolio. Rea Vipingo has made an entry while Uchumi and Mumias have been slashed following their movements of late.
Another ATM Theft Technique to Watch Out For
ATM theft is evolving at an alarming rate, as we showed yesterday in our post, Be Warned of This ATM Theft Technique. In this regard, we have taken up the responsibility of informing you of more ATM theft techniques to look out for. Most of these…
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