Be Warned Of This ATM Theft Technique
I recently received an e-mail from a friend warning me to be careful when conducting ATM transactions. Apparently, thieves have devised a creative way of getting your ATM and PIN without you suspecting anything and in turn draining your bank account. Fina Bank have released the detailed procedure of how this…
Nakumatt Calls for Formulation of Retail Policy
Nakumatt Holdings Limited has petitioned the government to consider formulating a retail sector development policy in the country. Basing on the the recently released National Economic Survey 2012 results, Nakumatt Holdings Regional Strategy and Operations Director Mr. Thiagarajan Ramamurthy, has implored the government to consider hosting a consultative forum with the…
Forex Trail – 29 May 2012
Below is a comparison of the performance of the Kenya Shilling over the last two trading days: Currency US Dollars Sterling Pounds Euro SA Rand KES/USHS KES/TSHS KES/RWF Date 25/05/2012 85.3153 133.5134 106.9232 10.184 29.186 18.6368 7.0621 28/05/2012 85.3958 134.1424 107.5728 10.2703 29.0648 18.6193 7.0555 As we can see,…
KQ Rights Announcement Tomorrow
The Kenya Airways Rights Issue has been a hot topic for many. Some were optimistic, many were sceptical and others down right pessimistic. Analysts say that the shares may be oversubscribed. Whether or not that will be, the share has recovered to trade well above the KES 14 rights price.
Stocks Watch – 29 May 2012
Uchumi yesterday closed at KES 15.50 having opened the session at KES 16.50. Today we will watch the stock, among others, to see if it will remain at that value or if there will be more to the stock.
Do’s and Don’ts of Buying Land or Property: Distinguishing between Real and Fake Estate Agents
At most times, estate agents are the-to-go guys when it comes to searching for that ideal piece of land or property. All you have to do is describe what you want and where you’d want it to be, and they’ll hook you up with one. Though there’s one…
Yield and Demand for T-Bills Falls
In last week’s auctions of government securities at the Central Bank of Kenya (CBK) the yields fell on all short term securities on offer; the 91 day and the 182 day Treasury bills. The yield on the 91 day bill stood at 9.865% as compared to the 10.075% seen at…
Businessmen Lose Property of Unknown Value in Blast
Businessmen in Moi Avenue’s Assanand building yesterday lost property of unknown value when a blast brought down the premises in which they operate. The Monday 1315hrs incident left more than 30 people hospitalized with at least four of those in serious condition. The building, which was a host to many…
Closing Bell – 28 May 2012
Gainers Price (KES) Change (%) Express Limited 3.75 4.17 Rea Vipingo Plantations 16.85 3.69 KCB 23.00 3.37 Standard Chartered Bank Limited 180.00 2.86 Eveready East Africa Limited 1.90 2.70 Losers Price (KES) Change (%) Uchumi Supermarkets Limited 15.50 9.88 Sameer Limited 4.30 4.44 British-American Insurance 5.60 4.27 Trans-Century Limited 25.00…
Normal Water Supply To Resume In 36 Hrs
Eng. Philip Gichuki MD, Nairobi Water Company has confirmed that repairs on the supply pipe from Sasuma Dam have been completed and that normal water supply will resume in 36 hours. The water supply pipe was damaged following flash floods from the Aberdare Mountains…
KRA Publishes Licenced Water Bottlers
In the last few years, the business of bottling water seemed to have become so lucrative that it attracted so many entrepreneurs to invest in or start up company. The springing up of many bottlers witnessed unscrupulous businessmen who were conning the public by bottling water without inspection. The Kenya Revenue…
NSE Performance Declines, Kenya Shilling Depreciates Further
According to the weekly bulletin release by the Central Bank of Kenya (CBK) on Friday 25th, the interbank rate (cost at which banks borrow from one another) increased to 18.46% from 15.96% the week before. This increase can be attributed to the tightening of excess liquidity by the CBK…
Pesa Portfolio – 28 May 2012
The NSE 20 share index dropped 1.17% in Friday's trading, our Pesa Portfolio performed better, losing "only" 0.73% of its value.
Crown Berger was our biggest gainer, up KES 2.25 while Uchumi dropped the ball, down KES 1.90.
In the end, the portfolio closed KES 690 down.
Was This an Easy Month for You?
With May 2012 almost coming to an end, we should expect Kenya National Bureau of Statistics (KNBS) to release Consumer Price Indices (CPI) and rates of inflation for May 2012 by the end of this week. Statistics that will help determine how economic friendly or unfriendly…
Do’s and Don’ts of Buying Land: Searching for That Plot to Invest In
Location determines so many things when it comes to buying land. Example: Accessibility to your place of work, your school or children’s school, accessibility to basic amenities, good road network and a host of many things. It makes no sense having your place of work in Thika and…
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