Closing Bell – 4 June 2012
A summary of today's trading on the NSE
Sasini Share Increases in Value
Over the course of trading last week, the coffee producer’s share had been appreciating from KES 11.70 to KES 12 to KES 12.70. In today’s trading the share closed at KES 12.95, 1.97% up from the level it closed at on Thursday last week. www.bloomberg.com This increase is surprising…
Family Bank May List on the NSE
Family Bank shareholders recently approved a rights issue. The company wishes to raise KES 4.5 billion for its expansion plans, 33% of this coming from the rights sale. The company is also making plans to get listed on the NSE...
Credit Information Goes Mobile
Credit information and reports can now be accessed on the mobile phone. The development by Metropol Credit Bureau will allow users to access credit information on an SMS platform. Credit information sharing has been lauded by lenders in the recent past as having been beneficial. Lenders use credit information to establish…
Pesa Portfolio – 4 June 2012
Below is the position at which the Pesa Portfolio stands at today, using the prices as at the closing of the NSE on Thursday 31 May 2012. Share Price (KES) Portfolio value (KES) Share Market Segment Units Latest Previous Latest Previous Mumias Sugar Company Manufacturing and allied 1,350 5.70 5.60…
The Scam: Robbed of 300 USD in Mombasa
Mary is a Kenyan woman who moved to the US after high school to further her studies. She is an engineer by profession, and besides that, she has worked as a teacher in Texas and spent a year in South Korea furthering her engineering studies. So how did this…
KICC Parking Lot to be Operated by NCC
Nairobi City Council has taken over control of COMESA parking ground situated at the Kenyatta International Conference Centre(KICC). Nairobi Town Clerk Roba Duba says the council has been forced to take the step because KICC owes the City Council arrears amounting to Sh26m. The open area parking lot within KICC’s…
A Man, a Woman and an ATM
People say that men and women aren’t wired the same, whatever being wired means. We came across this image that identifies some differences between a man and a woman in an ATM scenario. Something to take away the Monday blues.
An ATM in the Kitchen Maybe?
This past long weekend, there were many complains on social media about ATMs which were out of service. It seems that most of them went on a long weekend as well, leaving customers stranded without access to their money. At this stage, banking via mobile money always comes in handy.
Kenya Railway To Upgrade Commuter Routes
Kenya Railways Corporation is planning to upgrade all its operational commuter routes to help expand its operation and take care of growing transport needs in the city and the whole country. The corporation plans to upgrade the rail road to standard gauge and refurbish its coaches to encourage passengers to…
Do’s And Don’ts of Buying Land: Dealing with a Lawyer in a Property Transaction
This is a follow up post to last week’s article on: Do’s and Don’ts of Buying Land: Involving a Lawyer in a Property Transaction. What are some of the things you should put in mind when dealing with a lawyer in a property transaction?…
Stocks Watch – 4 June 2012
In today’s trading we shall be keen to note the performance of the following counters: Kenya Airways: this week the airline is set to announce the results of their rights issue. This is bound to have an effect on the performance of the counter over the course of the week…
Forex Trail – 4 June 2012
The Kenya Shilling continued its losing streak against the major world currencies, losing 1.0115% against the US Dollar and 0.3876% against the Euro. Regionally, the Kenya SHilling lost against the Uganda and Tanzania Shillings, and the Rwanda Franc.
Safaricom Moves 63M shares
There are normally 2-4million Safaricom shares on a normal day. 63 million shares were traded on Thursday!
Remember, there are 10 Billion listed Safaricom shares... 63 million is a drop in the ocean.
No More Levies on Accounts, Says CBK
In a bid to encourage a saving culture among Kenyans, the Central Bank of Kenya has issued new guidelines that abolish the levy charged on accounts by banks, which are expected to be enacted this coming July. Most commercial banks often charge a monthly maintenance on accounts, ledger fees or…
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