Give Me My Rights: Understanding the KQ Rights Issue
On 17th October 2011, Kenya Airways announced that its board of directors, having considered and approved the funding requirements of KQ for its future expansion plans, approved that part of such funding be raised by a way of a rights issue to the existing shareholders of KQ. KQ intends…
Where Do You Get Your Gas? It might Just be Illegal
The Energy Regulatory Commission (ERC) in conjunction with the Police conducted a joint raid with the police in several outlets in Nairobi’s Industrial Area where they confiscated over 150 assorted LPG cylinders of various brands from illegal depots. ERC says it has stepped up…
Access Kenya and Today's 5 Cent Drop
The Access Kenya Group share today opened the trading session at Kshs. 4.30, 5cents up from yesterday’s Kshs. 4.25 closing price. The counter moved 127,000 shares valued at Kshs. 539,750. The share today closed at Kshs. 4.10, a seemingly modest drop of 5cents but in the case of an…
Looking for a Personal Loan that Suits You?
With unpredictability of interest rates on loans, individuals have become skeptical about taking up loans from banks in the country. However, banks have been keeping up well with the competition and available demand to create products that will best suit them and their clients in terms of loans. Here is…
Closing Bell 22/03/2012
Top Gainers Price Change Kapchorua Tea Co. Ltd Ord Ord 5.00 123.00 +9.82 Unga Group Ltd Ord 5.00 9.70 +7.78 Eveready East Africa Ltd Ord.1.00…
Want To Track Some Lost MPESA Money? Get An Account Statement
Interested in tracking the transactions on your M-PESA account? It turns out that Safaricom provides this service for its M-PESA customers. All one needs to do is visit any Safaricom Customer Care shop and have the statement printed. A page will cost you 25/-, and the statement can…
KQ Closes Below Rights Issue Price
For the second day running the Kenya Airways share has dipped below the rights issue price of Ksh. 14. Yesterday, the share momentarily hit Ksh. 13.60 but closed at KES 14.50 but today the share constantly traded below Ksh. 14. The share opened at Ksh.
Nairobi Residents To Pay More For Water Starting July
An extra blanket is not the only thing you will require this July. You might need to put some more money in your monthly budget for Nairobi City Water and Sewerage Company. Word is that the water company is going to revise not just the tariffs, but also the monthly…
Isn't Konza Just Another Village in Ukambani?
Konza is a small Kenyan town in Machakos District (County) approximately 160 kilometres from the green city in the sun, Nairobi. Under the old constitution, Konza was in Kitumwa Location of Central Division of Machakos District. Prior to last year, no one quite trained their attention on Konza…
M-pesa Turns 5
What were you doing when you were 5? I was probably running around the house much to the annoyance of my parents, falling off my bike or falling off a tree. Largely, falling, breaking things and crying a lot is what a typical 5 year old does.
Faulu's deal on Interest Rates
Faulu Kenya’s Faida Fixed Deposit account holders will be earning high interest from 13% over a period of time. The product that targets individuals, chamas, companies and churches has a fixed minimum deposit value of Kshs 5,000. The beauty of this product is that you get to negotiate the interest…
Which 3G Option Is Most Affordable?
Now that Airtel joins Safaricom and Orange in the 3G network we are spoilt for choice when it comes to fast internet connectivity. Which among the three has the most affordable rates? Unlimited Internet Bundle for 1 day Airtel and Safaricom are the only 3G providers…
Co-op Bank Set to Enter South Sudan
The Co-operative Bank of Kenya is the third largest financial services provider in Kenya (by market value) and it has total assets to the tune of Ksh 144 billion (US$1.76 billion) making it a success story of the Kenyan co-operative movement. Established in 1965 as a co-operative society it…
NIC Drops Mobile and Internet Banking Access Fees
NIC Bank has dropped all access fees for its mobile and internet banking services. The introduction of mobile banking brought about a lot of convenience. However the cost that came with it in terms of charges like monthly charges made it costly. The mobile banking services offered by NIC include;…
Trading at the NSE Drops 30% in Wednesday's Trading
Trading at the Nairobi Securities Exchange dropped by 30% in yesterday’s session. This comes in the wake of the normalcy returning to the market after the stock exchange was hit by a power blackout, frustrating investors and stock brokers alike. Yes, even the Nairobi Securities Exchange suffers from blackouts!…
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