The Kenya Shilling continued to lose traction against the USD, down 0.07% in Friday's trading in a week of continuous drops. The shilling gained on the Euro however, continuing the trend that has been going on lately. The gains on the Euro can be attributed to investors converting their holdings to dollar-backed assets from Euro denominated assets in the wake of the renewed economic tensions in Greece and the wider Euro Zone. Not that the Kenya shilling is doing anything extraordinary.

Kenyans will have to brace themselves for higher power bills in the coming months despite the hydro-electricity generating dams filling to capacity. This is because the Ministry of Energy has extended the contract of alternative power generating company Aggreko Kenya which was expiring at the end of…

In today’s trading we will be careful to observe the performance of the following counters: Uchumi Supermarkets Limited: at the beginning of last week the share appeared to be very promising gaining consistently over the first few days. However, by the end of the week the share price has dropped…

Some time back, I stumbled across this book: Secrets of Millionaire Mind, by T. Harv Eker. Eker believes that we each possess a “financial blueprint”, an internal script that dictates how we relate to money. Our blueprints are created through lifelong exposure to money messages from the people…

When you are a businessman or an individual who has grown up or lived in a certain community, there is a certain obligation to that community that never goes away. In Kenya for instance, when you are a member of a church, local development group or parent in a public…

It is that time of the month when most guys are as broke as ever. What is left in your bank account, that’s if there’s any, seems not enough to push you till the end of the month. All you can do is wish that the month would…

Micro Finance Institution Faulu Kenya has designed a new loan product that will be charging a low interest rate of 1.5%. This loan is designed for Civil servants and employees of Teachers Service Commission. To access the loans, one would have to produce original copies of identification documents and certified…

Starting today, we will be putting together a collection of articles we found on the interwebs that make for good weekend reading. These ones will start us off. 1.      Marital Discord: If It’s Not Sex, It’s Money There’s a fundamental problem here. According to her definition, as…

Gainers Price                  Change Crown Berger 29.50 +8.26 Eveready East Africa 1.85 +2.78 Olympia Capital Holdings 3.80 +2.70 AccessKenya Group Limited 4.75 +2.15 Diamond Trust Bank Kenya Limited 102.00 +2.00 Losers Price              …

The gain and the loss led to a net gain of KES 100. Below is a table showing the performance of the Pesa Portfolio following yesterday’s trading session at the Nairobi Securities Exchange. The portfolio increased in value by 0.10585% using the closing prices of the NSE.  Share Market…

Capital Markets Authority has warned that it will be blacklisting fraudsters soon. The capital markets regulator has expressed concerns over fraudulent instances that have been seen in several organizations in the country. Capital Markets Authority chief executive Stella Kilonzo says fraudsters have been running down established and growing companies, a thing she…

Safaricom subscribers in Western Kenya Experience data and voice outage

Nairobi City Water and Sewerage Company had earlier announced that repairs on the supply pipe from Sasuma Dam were to be completed at the beginning of this week and that normal water supply was to resume by Wednesday, 23rd, May 2012. Latest news from…

EABL is on our watch list today. The share dropped a shilling in yesterday's trading to close at KES 218 but we feel it remains worth observing. Carbacid is also on the list and its 2.94% increase in value from KES 102 to KES 104 and we will keep a keen eye on it.

Below is a table comparing the performance of the Kenya Shilling against the major international currencies as well as the currencies of our neighbouring countries in the last two trading days, Wednesday 23rd and Thursday 24th May 2012: Currency US Dollars Sterling Pounds Euro SA Rand KES/USHS KES/TSHS KES/RWF Date…