Stocks Watch – 22 May 2012
Stocks Watch – 22 May 2012 At the close of trading yesterday, the NSE 20-share index stood 9.79 points up (0.25%) at 3,708.88 points to continue its upward trend. Below are some of the counters we will be watching keenly in today’s trading: KCB: The share of East Africa’s number…
M-PESA Agent’s Withdrawal Rates V/S ATM’s Withdrawal Rates
M-PESA, Kenya’s leading money transfer service, has not only the widest network of agents country wide, but also more option’s when it comes to ATM withdrawal. M-PESA users have the option of withdrawing from the following ATM centers: PesaPoint ATM’s Equity Bank Branches ATM’s Diamond Trust…
ERC Doing Consumers More Harm Than Good?
Motorists queue for fuel at a petrol station. (Image: Capital FM) Ever since energy industry regulator Energy Regulatory Commission (ERC) took over price controls for fuel, the essential commodity has been on the high end of the cost list. On May 14th, the regulator increased the…
Uchumi Share on a Steady Rise
On Friday the Uchumi Supermarkets share closed at KES 18 per share. This is the highest level the share has reached in six years. During the six hour trading period, 708,800 shares worth KES 12.78 million were traded as the share increased by 4.1% and recorded the sixth highest increase…
Closing Bell – 21 May 2012
Safaricom was the day's biggest mover with 6.432 million shares of Eastern Africa's biggest telco traded. Scangroup was the day's biggest gainer, up 3.88% to close at KES 53.50 while Transcentury Limited lost 7.41% of its value to close at KES 25.
Kenya Airways To Boost Local Air Travel
A Kenya Airways Boeing 777-200ER. The airline has plans to increase its fleet for local and international operation. (Image: Aviationmecanicinfo.com) The national Carrier Kenya Airways is set to increase the up take of air travel when it opens its new projected routes around the country…
So You Think That Money is the Root of All Evil?
In the words of Ayn Rand, a Russian-American philosopher, playwright and screenwriter famed for the philosophical system of Objectivism: So you think that money is the root of all evil? Have you ever asked what is the root of money? Money is a tool of…
Some Money Lessons From Harry Potter
You must have either watched, read or at least heard about the Harry Potter sequel and J.K. Rowling, the author of the novel. Reading between the lines one can pick out at least six financial lessons. Harry Potter is a money smart boy who…
National Oil Comes To Motorists' Rescue
National Oil has reduced pump prices for Super Petrol and Diesel Nationwide (Image: nockenya.co.ke) Petroleum Company National Oil Corporation has cut its pump prices down from the figures that industry regulator Energy Regulatory Commission (ERC) announced last week. National Oil has cut the prices of…
Changes to the PesaPortfolio
In response to the performance of our PesaPortfolio over the course of last week, we have decided to make the following changes to the portfolio: Mumias Sugar Company: we will continue to hold all our 2700 shares in the company. This is because we believe that the share is undervalued…
Competition Could Lead To Cheaper Credit
Bank loans could soon be cheaper due to competition (Photo: dobanafrica.com) The Central Bank of Kenya will soon have legal backing to publish rates offered by banks on loans and deposits. Amendments in the Finance Act, 2012, have authorised the regulator to publish the lending rates charged…
PesaPortfolio – 21 May 2012
At the close of trading on Friday 18th May 2012 our PesaPortfolio stood as follows: Price (KES) Portfolio Value (KES) Share Market Segment Units Latest Previous Current value Previous value Mumias Sugar Company Manufacturing and allied 2,700 5.55 5.55 14,985 14,985 KCB Banking 1,000 23.75…
Make All Your Bank Transactions Through Your Phone
Are you tired of having to queue, wasting time at the bank to make simple transactions? Or do you wish you had easy access to your money during those emergency situations? Well, you can conduct all your bank transactions through your mobile phone without the need to visit…
CBK Issues New Guidelines on Deposit Taking Microfinance Institutions
The CBK has issued a new guideline for deposit taking microfinance insitutions that provides the necessary support and legal framework for DTMs to collect money from wananchi via their agency offices and marketing offices.
Kind of like Co-op Kwa Jirani and KCB Mtaani, but for microfinance institutions.
Angukia Hao na Ecobank
Ecobank Kenya unveiled a promotion dubbed “Angukia Hao na Ecobank” targeting existing and potential Ecobank Savings and Current account holders. The promotion which started on 17th May 2012 is slated to run for 3 months and is aimed at encouraging savings culture, financial inclusiveness…
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