Shutting Down Counterfeits Could Take Longer, CCK Says
Assorted Mobile Phones (Photo: brickhousesecurity.com) The Communications Commission of Kenya (CCK) says it will only go on with its plans to shut down counterfeit phones after the public has been fully informed about the exercise. CCK had named August as the date of carrying out the exercise. The communications…
The Cost of Not Wanting To Wait
My mother bought her first sewing machine back when hire purchase was the in thing. Most guys were yet to factor in the additional costs of making such purchases and it was seen as the most ideal mode of buying, especially to those who wanted things now and…
The Checkbox Syndrome: Stop Obsessing Over Specs and Upgrades
This is not just an age of information overload, but it is slowly becoming an age of product overload. There is just so much to choose from. How many anti-bacterial soap adverts do you see on your TV in one night? There are just so many soaps with a ‘secret…
Pesa Portfolio – 15 May 2012
Our portfolio rose 162% more than the NSE yesterday buoyed by a gain in Kenya Re.
Why is the Shilling Dropping?
As at the close of business yesterday the Kenya Shilling had dropped by 0.2% to close at KES 83.6764 per US Dollar. Over the course of trading the shilling fell past the 84 to the dollar mark to trade at KES 84.60 per USD. The shilling has exhibited continuous depreciation…
KCB Lowers its Lending Rates
Customers at KCB-Kencom Branch banking Hall in Nairobi. (Picture: Business Daily) Kenya Commercial Bank (KCB) group has announced that it will be lowering its base rates by close to 3 percentage points beginning June 1st. The lender will drop its average lending rate which has been at 25% to…
Forex Trail – 16 May 2012
The Kenya shilling slipped 0.3233% versus the US dollar yesterday. It also lost ground against the SA RAnd and the Queen's coins. The shilling however rebounded, up 0.0457% against the Euro.
The Kenya shilling has dropped for the sixth consecutive day against the dollar, the longest losing streak in 9 months.
Stocks Watch – 16 May 2012
At the close of trading yesterday, the NSE 20-share index stood at 3,637.08 points, up 8.84 points and from 3,628.24 points on Monday 14 May 2012. The NSE All-share index also rose from 78.98 on Monday to 79.19 points yesterday. The increase in the indices continued the upward trend of…
Crown Berger Paints a Picture of Success
Crown Berger is a Kenyan paint manufacturing company established in 1958 with an annual turnover of KES 2.6 billion and the capability of producing up to 1.5 million litres of paint per month. The company is listed on the NSE under the Main Investment Segment in the Construction and Allied…
The Upwards Trend In Fuel Prices
The recent pump price review by the Energy Regulatory Commission (ERC) has seen the price of Super Petrol continue its upward trend to KES 121.13 in Nairobi, the highest since November 2011. The reduction of tax on Kerosene, which was expected to cushion Kenyans from high costs of…
Have You Tried Group Buying?
The idea of group buying is not a new thing in business circles as many businessmen have been doing group buying on overseas purchases. However, the concept is still new and few people are learning how to take advantage of this useful platform. The idea for home goods group buying…
Invest in Kengen For Your Future
We believe Kengen is a good share to invest for the mid to long term. It looks strong for up to 100+ percent returns
Taps Flowing With Water Today
Residents of Dagoreti Corner, Uthiru and Lavington are in luck today as water will be flowing in their taps as from 11.00 am. Below are other areas expected to have water today: data sourced from Nairobi Water…
Closing Bell – 15 May 2012
Gainers Sameer Africa Limited 4.70 9.30% Kenya Re-Insurance Corporation Limited 12.00 5.73% Uchumi Supermarket Limited 16.75 5.35% Centum Investment Company Limited 15.50 4.73% Total Kenya Limited 16.00 4.23% Losers Carbacid Investments Limited 101.00 2.88% Express Limited 3.70 2.63% Kapchorua Tea Company Limited 117.00 2.50% Eaagads Limited 31.00 2.36% CFC Stanbic…
Small Banks Come to Borrowers' Rescue
In the wake of all financial difficult times in the country, it has emerged that groups have been befitting their own for survival, literally. A recent survey by The Central Bank of Kenya (CBK) reveals that small banks have been lowering their lending rates for the three months in…
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