KCB First Quarter Profits up 37%
KCB Group Q1 profits up 37% to 2.43 billion
Equity's First Quarter Results
Equity Bank has reported a profit after tax of KES 2,322,787,000 for the first quarter of 2012. This is KES 5.871 billion less than they reported for a similar period last year. Loans and advances rose by 30% to KES 112,853,305,000 as compared to the loans advanced during the same…
Public Parking v/s Private Parking
Finding a parking spot in the CBD can be very frustrating to many motorists. Both private and public parking lots in the CBD tend to be full by 10 a.m and motorists find themselves driving for minutes or even hours searching for available parking space. That aside, are public parking…
NIC Bank Posts Sh723m Profit
NIC Bank Group has announced a 38 per cent increase in profit after tax for the first quarter of 2012, to hit Sh723 million. Managing director James Macharia attributes the increase in profit to growth in loan advances and an increase in non-funded income. Over a…
Falling Trees are to Blame, Kenya Power says
Kenya Power has said that the power outages witnessed in most parts of the country have bee caused by trees falling on power lines due to strong winds and heavy rains. There were earlier claims that the power outages were stage managed by company employees who wanted…
Stocks Watch, 27 April 2012
A look at the stocks to watch in the day's trading
Forex Trail
Below is a table comparing the movements of the Kenya shilling against the major world currencies and the currencies of our neighbouring countries over the last two days: Currency US Dollars Sterling Pounds Euro SA Rand KES/USHS KES/TSHS KES/RWF Date 25/04/2012 83.2531 134.3929 109.8259 10.6812 …
Will CCK's Move to Shut Down Fake Phones Affect You?
The Communications Commission of Kenya has announced August as the date for shutting down of fake mobile phones in the country after postponing the exercise three times. Now it seems sealed because the regulator has found a database provider that will give information that will assist in tracking…
Safaricom Internet Speed Problem Solved
The Internet problem experienced by Safaricom Internet subscribers, caused by a problem with The East Africa Marine Systems (TEAMS) cable was by this morning solved. The problem affected the 2G and 3G networks. I hope we shall now enjoy faster internet connectivity, that’s if…
Kenya Airways Rights Issue Closes Today
The highly publicised and anticipated Kenya Airways rights issued closes today. The issue opened on 2nd April 2012, ran for 3 weeks and closes today. A rights issue is an issue of additional shares by a company to raise additional capital. The current shareholders (prior to the rights issue) are…
PM Asks Banks to Cut Lending Rates
Prime Minister Raila Odinga in statement read at the Banking Survey Awards asked commercial banks to cut down their lending rates to 16%. The premier noted that the government mobilized MPs to vote against capping of interest rates and asked the banks to show appreciation by lending to the people…
Ways of Cutting Down Your Electricity Bill
Complaints of high electricity bills are a frequent thing these days and as Kenya Power continues to roll out the installation of Prepaid electricity meters, these complaints are bound to increase. Below are a few do’s and don’t that might help reduce your electricity bill: As temperatures continue…
Zuku to Launch New Channels and Programs
Zuku is to launch new programs and channels in a move aimed at consolidating market position by attracting new subscriptions. The new channels to be launched include: Zuku Swahili movies: A first Kisiwahili Movie channel in the Zuku bouquet. New programs to…
Closing Bell 26-04-2012
Gainers Price (KES) Change (%) Car &General Limited Kenya 29.00 6.42% NIC Bank Limited 30.25 3.42% Eveready East Africa Limited 1.65 3.13% TPS Eastern Africa (Serena) Limited 46.00 2.22% Total Kenya Limited 16.10 1.90% Losers Price Change CFC Stanbic Holdings Limited 41.25 4.62% Olympia Capital Holdings Limited 3.50 4.11% KenGen…
Bank Awards for 2011
Equity Bank emerged as the best bank in Kenya for the year 2011. This was announced at the Banking Survey Awards. Consolidated bank was voted as the best bank in Technology use with Chase Bank being voted as the fastest growing bank. Here is a list of the awards. The Best…
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