Counterfeit Nightmare Coming True
In 2007, China executed a former director of its food and drug agency for approving fake medicine in exchange for cash. This move was at the time when the far Eastern economic giant was preparing to host the 2008 Summer Olympics in Beijing. A local newspaper last weekend carried a…
Closing Bell – 23 May 2012
There were 13.43 million Safaricom shares changing hands today, the share price losing 10 cents down to close at KES 3.40. Stocks from the banking segment of the NSE held 4 of the top 5 mover slots in today's trading.
Banking With Airtel Money
Like the case of M-PESA-to-bank, Airtel Money allows you to conduct all your banking transactions in the comfort of your phone. You can withdraw and deposit cash into you account plus also transfer funds to another person’s bank account. Bank’s partnering with Airtel Money mobile banking…
KQ Offers Discounts From Dubai
National Carrier Kenya Airways in a bid to stay ahead of competition on certain African routes has offered its passengers from Dubai to several African destinations a 10% discount on the air ticket. The airline will be charging 10% off on all tickets from Dubai to Nairobi,…
CBK to Auction 182 Day Bills
Today the Central Bank of Kenya (CBK) will auction KES 2 billion worth of 182 day Treasury bills. The auction comes on the same day that the 5 billion shilling bond on offer closes. This comes after last week’s auction of Treasury Bills worth KES 4 billion. Last week…
12 Things To Know about the Kenyan Property Market
Property values have increased 3.1 times since 2000
S&L Lowers Mortgage Rates
After announcing that it will be lowering its lending rates to 22% from 24%, Kenya Commercial Bank through its mortgage division S&L will be dropping the mortgage rates too, effective June 1st. During Kenya Commercial Bank’s Annual General Meeting on Friday 18th, group chief executive Martin Oduor-Otieno said the Bank…
Affordable Smart Phone Launched
Samsung Electronics East Africa, has unveiled a mobile device designed to introduce millions of Kenyans to the wide variety of Smartphone applications. In a strategic market development effort, Samsung electronics has introduced the Samsung Galaxy Pocket handset which is designed to provide a platform for more than 8…
PesaPortfolio – 23 May 2012
At the close of trading on Tuesday 22nd May 2012 our PesaPortfolio stood as follows: 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 5.70 5.65…
CBK Closes 5 Year Bond Offer
As we had informed you earlier (see CBK’s 5-Year Bond: Your 5-year Investment) the Central Bank of Kenya (CBK) will today close the offer for sale of a 5 year bond worth KES 3 billion. Bids have been received since the…
Forex Trail – 23 May 2012
Below is a comparison of the performance of the Kenya shilling against major global and regional currencies over the last two trading periods; Tuesday 22nd and Monday 21st May 2012: Currency US Dollars Sterling Pounds Euro SA Rand KES/USHS KES/TSHS KES/RWF Date 21/05/2012 84.4639 133.8243 108.1141 10.2041 29.2679 18.7433 7.125…
Your Bank Account On Mobile 24/7
When mobile money transfer started taking shape in the country, users did not visualize the revolution that would come with it terms of convenience, speed and ease of doing things. Apart from sending and receiving money, the mobile phone was put to use in accessing bank accounts, pay bills and…
Stocks Watch – 23 May 2012
A snapshot of some of the shares we are watching today. EABL increased a moderate 1.85% in yesterday's trading, representing a shilling-gain of KES 4. The share is KES 1 shy of the 52-week high.
Pesa Portfolio Changes
Barclays Bank, KCB and Kenya Re all had to go. They were losing the portfolio too much money. We however increased our holdings in Uchumi and Crown Berger as they seem prime to make us some good returns.
Houses in Eastlands Appreciate in Value While Those in Westlands Depreciate
The latest Hass Index report on neighbourhood rents and property prices at the end of 2011 revealed Eastlands as an upcoming investment area as land and property prices appreciated in value. This is in sharp contrast to upmarket areas that are experiencing a decline in both rental prices…
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