Jubilee Announces Results: Net Profits Increase By 4%
Jubilee Holdings Limited has released its audited financial results for the year ended 31st December 2011. Shareholders will be happy to hear that the company posted growth on almost all fronts with net insurance premium and revenue increasing from Kshs. 5,360,136,000 in the previous period to Kshs. 7,341,996,000 representing growth…
ScanGroup to expand further into Sub-Saharan Africa
According to the Business Daily, marketing services firm ScanGroup has planned acquisitions in Nigeria, Angola and Mozambique by year-end as it seeks to serve multinational clients in diverse markets. The company intends to buy controlling stakes in marketing firms in the three countries to give it…
Its Cheaper To Pay Your Postpaid Electricity Bill Through Airtel Money and Yu Cash
It’s Cheaper to Pay Your Postpaid Electricity Bill through Airtel Money and Yu Cash M-Pesa recently revised their electricity pay bill rates upwards making it the most expensive electricity pay bill option in Kenya. Orange Money on the other hand has a standard rate of KES 30 for any amount…
Dressing and De-stressing: Nancie Mwai's Market Friday
We don’t always have time to go shopping at thrift markets, or money to buy items from pricey clothes shops in town. PesaTalk being all about helping you save a shilling found you a place that will dress and de-stress you! Kenya’s most respected fashion blogger, Nancie Mwai,…
Tweeting All The Way To The Bank
(This post is part of our ongoing research into Making Money on the Internet. Keep reading for more. ) Twitter, oh glorious Twitter. It’s home to the funniest of the funny, the sagiest of the sage. All served in bites of 140 characters. For…
The Cost of Going Digital
The ministry of Information is in talks with Treasury to ban importation of the analogue television sets by June this year. The move is aimed at effectively paving way for digital television sets as Kenya fast tracks the migration of its TV programming from…
Closing Bell 29/3/2012
Gainers Price (Ksh) Change (%) TransCentury Limited 22.00 6.02 Kakuzi 79.50 4.61 Eveready East Africa Limited 1.50 3.45 Unga Group Limited 9.30 2.76 Sameer Africa Limted 3.90 2.63 Losers Price (Ksh) Change (%) Sasini Limited 10.75 4.44 Tatal Kenya Limited 14.65 4.25 AccessKenya Group Limited 4.00 2.44 Bamburi Cement…
Kenya Orchards 27% Profit Increase
Kenya Orchards Limited has released its financial results for the year ended 31st December 2012. The company’s profit before tax increased by an impressive 100.9% in the year moving up from Kshs. 620,520 in the previous period to Kshs. 1,246,812 in the year ended December 2011. Profit after tax increased…
Nigerian Company may get a stake in ARM.
Africa Finance Corporation, a Nigeria- based development-finance institution that is providing a $50 million convertible loan to Athi River Mining Limited (ARM), may get a 13.62 percent stake in the Kenyan cement maker if the loan is converted into equity. A convertible loan is similar…
Ngenye Kariuki & Company Limited to Return to NSE
On December 19th 2011, the Capital Markets Authority (CMA) resolved to revoke the statutory management of Ngenye Kariuki & Company Limited. Mrs. Stella Kilonzo, the Chief Executive Officer of the CMA, said the revocation of the statutory management was positive and that it was geared at facilitating completion…
Never Say This To Your Boss.
Have you ever opened your mouth, in all innocence, said something to your boss or senior and regreted the same every single day it flashes through your mind? Well, sometimes you might get away with some things if it is family or friends or even business partners you…
Users Complaining Of M-Pesa Delays
There appears to have been a problem with M-Pesa systems since yesterday as most users have complained of not having received money sent to them through the service. By this morning the problem appeared to have been resolved though a few users are still experiencing long delays in their transactions.
Property Developers Biased to Residential Buildings.
Property developers have in the recent days preferred to develop residential buildings which have a shorter payback period as opposed to commercial real estate. Data from the Kenya National Bureau of Statistics shows that the value of residential building plans rose from Sh66 billion in…
KNBS Expected To Release CPI and Inflation Rates Today
Kenya National Bureau of Statistics (KNBS) is expected to release the Consumer Price Index (CPI) and inflation rates for March 2012 any time today. The Consumer Price Index for the month of February 2012 decreased by 0.04% from 130.82 in January 2012 to 130.76…
ARM reports 7% increase in profits to 1.15 billion
Athi River Mining yesterday reported an after tax profit of Ksh 1,150,498 for the year ended December 31st 2011. This is a 7% increase in their profits from Ksh 1,075,268 for the same period the previous year. Group Turnover increased by 37% from Ksh. 5.96 billion in 2010 to…
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