The Kenya Airways Rights Issue has been a hot topic for many. Some were optimistic, many were sceptical and others down right pessimistic. Analysts say that the shares may be oversubscribed. Whether or not that will be, the share has recovered to trade well above the KES 14 rights price.

Uchumi yesterday closed at KES 15.50 having opened the session at KES 16.50. Today we will watch the stock, among others, to see if it will remain at that value or if there will be more to the stock.

At most times, estate agents are the-to-go guys when it comes to searching for that ideal piece of land or property. All you have to do is describe what you want and where you’d want it to be, and they’ll hook you up with one. Though there’s one…

In last week’s auctions of government securities at the Central Bank of Kenya (CBK) the yields fell on all short term securities on offer; the 91 day and the 182 day Treasury bills. The yield on the 91 day bill stood at 9.865% as compared to the 10.075% seen at…

Businessmen in Moi Avenue’s  Assanand building yesterday lost property of unknown value when a blast brought down the premises in which they operate. The Monday 1315hrs incident left more than 30 people hospitalized with at least four of those in serious condition. The building, which was a host to many…

Gainers Price (KES) Change (%) Express Limited 3.75 4.17 Rea Vipingo Plantations 16.85 3.69 KCB 23.00 3.37 Standard Chartered Bank Limited 180.00 2.86 Eveready East Africa Limited 1.90 2.70 Losers Price (KES) Change (%) Uchumi Supermarkets Limited 15.50 9.88 Sameer Limited 4.30 4.44 British-American Insurance 5.60 4.27 Trans-Century Limited 25.00…

Eng. Philip Gichuki MD, Nairobi Water Company has confirmed that repairs on the supply pipe from Sasuma Dam have been completed and that normal water supply will resume in 36 hours. The water supply pipe was damaged following flash floods from the Aberdare Mountains…

In the last few years, the business of bottling water seemed to have become so lucrative that it attracted so many entrepreneurs to invest in or start up company. The springing up of many bottlers witnessed unscrupulous businessmen who were conning the public by bottling water without inspection. The Kenya Revenue…

According to the weekly bulletin release by the Central Bank of Kenya (CBK) on Friday 25th, the interbank rate (cost at which banks borrow from one another) increased to 18.46% from 15.96% the week before. This increase can be attributed to the tightening of excess liquidity by the CBK…

The NSE 20 share index dropped 1.17% in Friday's trading, our Pesa Portfolio performed better, losing "only" 0.73% of its value. Crown Berger was our biggest gainer, up KES 2.25 while Uchumi dropped the ball, down KES 1.90. In the end, the portfolio closed KES 690 down.

With May 2012 almost coming to an end, we should expect Kenya National Bureau of Statistics (KNBS) to release Consumer Price Indices (CPI) and rates of inflation for May 2012 by the end of this week. Statistics that will help determine how economic friendly or unfriendly…

Location determines so many things when it comes to buying land. Example: Accessibility to your place of work, your school or children’s school, accessibility to basic amenities, good road network and a host of many things. It makes no sense having your place of work in Thika and…

The Kenya Shilling continued to lose traction against the USD, down 0.07% in Friday's trading in a week of continuous drops. The shilling gained on the Euro however, continuing the trend that has been going on lately. The gains on the Euro can be attributed to investors converting their holdings to dollar-backed assets from Euro denominated assets in the wake of the renewed economic tensions in Greece and the wider Euro Zone. Not that the Kenya shilling is doing anything extraordinary.

Kenyans will have to brace themselves for higher power bills in the coming months despite the hydro-electricity generating dams filling to capacity. This is because the Ministry of Energy has extended the contract of alternative power generating company Aggreko Kenya which was expiring at the end of…

In today’s trading we will be careful to observe the performance of the following counters: Uchumi Supermarkets Limited: at the beginning of last week the share appeared to be very promising gaining consistently over the first few days. However, by the end of the week the share price has dropped…