Mobile Termination Rates Lowered
The long debated mobile termination rate has been set at Shs. 1.60 by the Communications Commission of Kenya. The regulator had announced earlier that it planned to lower mobile termination rates (MTR) in July from the current Sh2.21 to Sh1.44 a minute. MTR is the amount of money an operator pays…
Train Service To Ease Mombasa Road Traffic
The notorious Nairobi traffic jams could soon be a thing of the past as developments in the railway system takes shape. Yesterday, Kenya Railway Corporation opened the new connection line to the newly refurbished Syokimau sub station. The new line, the first one built by Kenya since…
Stocks Watch – 30 May 2012
At the close of trading at the NSE yesterday, the NSE 20-share index stood at 3,627.64 while the All-share index stood at 78.20. The total shares traded during the day stood at 9.085 million equating to an equity turnover of KES 166.82 million. In today’s trading we will be watching…
Forex Trail – 30 May 2012
Below is a table of the performance of the Kenya Shilling against the major international currencies and the currencies of our neighbouring countries in the last two sessions, Monday 28 May 2012 and Tuesday 29 May 2012. Currency Date US Dollar Euro Sterling Pound SA Rand KESUSHS KESTSHS KESRWF Monday…
What To Look Out For At The CBK Auction
This week, the Central Bank of Kenya (CBK) will auction 91 day and 182 day Treasury bills worth KES 2 billion each. The auction for the 91 day bills will be on Thursday 31st while the 182 day auction will be today, Wednesday 30th May. At the auctions, we will…
Kaa Chonjo With Your PIN
In light of our recent post, Be Warned of This ATM Theft Technique, below are a couple of guidelines from Kaa Chonjo with your PIN, an initiative by the Kenya Bankers Association that raises awareness about how best to use ATMs and…
KQ Rights Results Out Today (Updated)
The Kenya Airways Rights Issue has essentially quadrupled the number of shares. Analysts believe the share price could drop, to even four times the present value once the new shares begin trading on the securities exchange.
Closing Bell – 29 May 2012
Gainers Price Change Uchumi Supermarket 17.05 10.00% Eveready East Africa 1.95 8.33% Crown Berger 31.00 6.90% Pan Africa Insurance Holdings 31.50 5.00% Unga Group 12.70 4.53% Losers Price Change Housing Finance Company Limited 15.00 5.06% Cooperative Bank…
Concern over Quality of Service by Telecom Companies
The Parliament today set to out discuss the latest Cellular Mobile Quality of Service Performance Assessment Report for all the mobile phone operators in Kenya. The report prepared by the Communications Commission of Kenya (CCK) points out quality of service compliance by mobile phone operators. CCK requires that of…
Paysure Launches Local Internet Payment Platform
Paysure Limited has today partnered with Kenswitch and Chase bank to offer an online payments platform, to tap into the growing ecommerce market in the region. Kenswitch member-bank cardholders can now make purchases on the internet using their debit or prepaid cards. One…
Incremental Housing Coming To You Soon
What if you could get a loan for a house, pay the loan as you construct, finish the ground floor, move and then take another loan facility to complete the next floor and so on?
PesaPortfolio – 29 May 2012
Below is the position at which our portfolio stood as at the end of business yesterday, the 28th of May 2012. Share Market Segment Units Latest Share price (KES) Previous Price (KES) Current portfolio value (KES) Previous portfolio value (KES) Mumias Sugar Company Manufacturing and allied 2,700.00 5.65 5.70 15,255.00…
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 creative way of getting your ATM and PIN without you suspecting anything and in turn draining your bank account. Fina Bank have released the detailed procedure of how this…
Nakumatt Calls for Formulation of Retail Policy
Nakumatt Holdings Limited has petitioned the government to consider formulating a retail sector development policy in the country. Basing on the the recently released National Economic Survey 2012 results, Nakumatt Holdings Regional Strategy and Operations Director Mr. Thiagarajan Ramamurthy, has implored the government to consider hosting a consultative forum with the…
Forex Trail – 29 May 2012
Below is a comparison of the performance of the Kenya Shilling over the last two trading days: Currency US Dollars Sterling Pounds Euro SA Rand KES/USHS KES/TSHS KES/RWF Date 25/05/2012 85.3153 133.5134 106.9232 10.184 29.186 18.6368 7.0621 28/05/2012 85.3958 134.1424 107.5728 10.2703 29.0648 18.6193 7.0555 As we can see,…
1
