Closing Bell – 7 May 2012
A summary of the day's activities. 11 million Safaricom shares on the move.
More Kenyans Are Using Solar Heaters
Reports show that Kenya is emerging as a world leader in the adoption of solar equipment with statistics from David & Shirtliff showing that high electricity costs, irregular power supplies, and new regulations are driving exponential growth in its sale of solar-powered water heaters. The National…
Home Owners Get Title Deeds from NSSF
The National Social Security Fund (NSSF) has confirmed that a strategy to reduce its real estate portfolio to align with the national regulatory requirement is well on course. As part of the strategic effort, NSSF has now stepped up the issuance of title deeds to homeowners who…
Your KPLC Prepaid Tokens To Cost You 36% More
Kenya Power is set to implement its new tariff by July after getting consent from the government to do so. Click here to read more on this. The new tariff system increases the fixed charge by 33.3%, from KES 120 to KES 160. It also increases energy charges as follows:…
DTB Gets Shareholder’s Approval for Rights Issue
The shareholders of Diamond Trust Bank (DTB) have approved a KES 1.8 billion rights issue as proposed by the Board. DTB is Kenya’s sixth largest bank in terms of pre-tax profit as it reported an after tax profit of KES 2.99 billion for the financial period ended December 2012.
Kenya Airways Launches ‘KQ Mobile’
Kenya Airways, in conjunction with local IT firm Cellulant, has launched a new mobile technology platform that will enable the airline’s customers to enjoy enhanced interactive services. In a trendsetting move, Kenya Airways now becomes one of the first airlines in Africa to deliver…
Beer and Cigarette Consumers Top on Taxman's List
Kenya Revenue Authority (KRA) will be targeting beer drinkers and cigarette smokers in the next tax collection period. These consumers will feel the tax weight in the tax man’s bid to collect Sh150 billion more in the next period to finance the Sh1.45 trillion budget. This will see…
Forex Trail – May 7 2012
Below is a comparison of the movements of the Kenya shilling against the major world currencies and the currencies of our neighbouring countries over the last trading sessions, Thursday 3rd May 2012 and Friday 4th May 2012: Currency US Dollars Sterling Pounds Euro SA Rand KES/USHS KES/TSHS KES/RWF Date 03/05/2012…
Never Put All Your Eggs in One Basket
One of the lessons we can pick up from dating and bring it over to investing is that diversification is good. You do not want to put your everything in one place. What happens when it all comes tumbling down on you? Diversification is a good way to…
Stocks Watch 7 May 2012
What to expect in today's trading activities at the NSE
Parliament to End Tax Exemptions
Food prices to increase as Parliament passes a new law ending tax exemptions
Cost of Living to Shoot Up With Drop of Tax Exemption
Consumers should prepare for tough times ahead beginning July after a new law proposing to drop Tax exemptions on consumer goods is passed by parliament. This law will effectively see zero rated commodities pay Value Added Taxes in the tax man’s bid to increase his income base. The Treasury expects the new…
Kenyans to Buy Bonds Through the Phone
According to the Daily Nation Kenyans will soon be able to buy government debt including Treasury Bills and bonds using their mobile phones, according to a project dubbed, ‘Treasury Mobile Direct’, launched by the World Bank and Central Bank. The scheme aims to capitalise on the popularity and success…
Think Yourself Rich: Get the Right Mindset for Wealth
Your personal mindset has a good deal to do with whether or not you find money success. Personal growth is all about becoming aware of your actions and choices and considering how you can improve those actions and choices. When you put that spotlight on your money, you can often reveal…
House Rent is not Your Enemy
In a decisive resolve to own a family house, a couple who reasoned they wanted to stop paying rent and live in their own house, arranged for a Ksh 47,000 per month 25 year mortgage plan with a Ksh 475000 down payment on a property valued at Ksh…
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