First Community Bank launches A New Mutual Fund
In a ceremony at the Intercontinental Hotel on 6th March 2012 attended by the Governor of the Central Bank of Kenya, Prof Njuguna Ndun’gu, the Chief Executive Officer of the Capital Markets Authority, Ms. Stella Kilonzo and the Chairman of the Insurance Regulatory Authority,…
Would You Buy a Phone worth KES 305,440?
Tag Heuer, a world famous watch and lifestyle product manufacturer will, in July 2012 launch, an all new android mobile phone titled “Tag Heuer Racer”. It will be a limited edition phone definitely meant to be exclusive. The price is expected to start from around US $3680 (Approximately…
When To Take Up That Loan Offer
What are you likely to do when the loan hawkers come calling? You see these people pitching tent from banks at every street corner giving the most enticing stories you have ever heard. You probably have received a call from your bank about an ‘offer’ they are giving you for…
Did Your Insurer's Licence Get Renewed?
The Insurance regulatory Authority (IRA) has declined to renew licenses for three insurance companies. UAP Life Assurance, Capex Life Assurance and Xplico Insurance were not put on this years’ list of licencees with the regulator citing breach…
CBKs Presence in Market Weakening Shilling.
Presence of the Central Bank of Kenya (CBK) in the currency market for the past one year has been keeping the shilling weak. Treasury dealers at the Bank of Africa (BoA) say that the sharp depreciation of the shilling has given CBK control over movements of the shilling.
Closing Bell 26/3/2012
Top Gainers Price(Ksh) Change(%) NIC Bank Ltd 27.25 +5.83 Sasini Ltd 11.00 +5.26 CFC Insurance Holdings 7.55 +4.86 Kenya Airways Ltd 13.70 +4.18 National Bank of Kenya Ltd 18.00 +3.75 Top Losers Price(Ksh) Change(%) Barclays Bank Ltd 12.00 -10.78 British American Tobacco Kenya Ltd 280.00 -9.39 Kapchorua Tea Co.
KQ Share Displays Signs of Recovery
The Kenya Airways share today displayed positive signs after having a turbulent time in last week’s trading. The counter opened trading this morning at Kshs. 13.30, 15 cents up from Friday’s close of Kshs. 13.15. The counter traded rather today eccentrically, quickly rising to Kshs. 13.95 after opening then…
Would You Freeze Your Embryo for the Sake of Your Career?
Are you a career driven woman whose focus is to climb up the corporate ladder and you don’t want any interruptions such as a pregnancy but would still want to have a child of your own in the distant future? Well you now have the option of embryo preservation. The…
Oil Discovery in Turkana
Tullow Oil Plc has announced that it has discovered oil in one of its oil wells, the Ngamia-1 exploration well. The company announced that it had encountered in excess of 20 metres of net oil per day in its press release. The well, located in Turkana County block 10BB,…
CFC Stanbic blames low Mortgage Application on High Interest Rates
CFC Stanbic Bank’s share in mortgage business dropped to eight per cent last year from 13.6 per cent in 2009 despite raising its mortgage book to Sh6.6 billion from Sh6.1 billion in the same period. The head of retail banking at CFC Stanbic Mr Elly Odhong says the bank attributes…
M-Pesa Systems Down
M-Pesa systems have been down since noon. A tweet from safaricom Limited said: “We are experiencing an outage on M-PESA affecting handset transactions. Teams are working to restore. Inconvenience is highly regretted.” I sincerely hope that the systems would soon be up and running, my lunch money is in my M-Pesa account…
What do Reducing Bank Interest Rates Mean?
Recently Standard Chartered Bank reviewed its interest rate on unsecured loans down from 23% to 19.9%. Last week, Barclays Bank followed suit and lowered the interest rates on some of its financial products. According to the Daily Nation, Housing Finance managing director Frank Ireri…
Saving Money on Your Parking Tickets
It is a prerequisite set by the City Council of Nairobi to pay a parking ticket anytime you park in the Central Business District (CBD) or in any other city council owned parking zones. There are three main different types of parking tickets available: Daily – KES 140…
TransCentury to issue KES 0.25 dividend for shareholders
TransCentury Limited, one of Kenya’s forefront companies in terms of investments in infrastructure projects with interests in East African Cables, Kewberg Cables, Avery Africaand operation of the Kenya-Uganda Railway Concession, announced its results for the financial year ended December 2011 on Friday 23rd March 2012. In his…
Deadline for Payment of Land Rates Draws Near
Nairobi property owners have 5 days left to pay their land rates or be liable to a penalty of 3% per month for any rates unpaid thereafter. Legal action has already been commenced on defaulters with a view to auction their properties to cover rates. You can check on how…
1
