Yield on Treasury Bonds Falls by 39.5%
Yesterday the Central Bank of Kenya (CBK) offered 182 day Treasury Bills worth KES 2 billion and a two year Treasury bond worth KES 5 billion. For the bill, the CBK received bids worth KES 2.74 billion representing a subscription of 137% and accepted bids amounting to KES 2.73 billion.
Safaricom Internet Speeds Down
Poor internet connectivity caused by TEAMS
Counterfeit Phones Live up to August, says CCK
Barely a week after the Communications Commission of Kenya postponing the shutting down of fake mobile phones indefinitely, the information industry regulator has set August as D-day for the exercise. CCK had postponed for the time exercise citing lack of a conclusive database that would help carry out the…
Interbank Rate Keeps Rising
According to the Central Bank of Kenya, the interbank rate upon the close of business yesterday stood at 20.7011%. This is 1.2788% higher than the interbank rate on Tuesday. The rate has risen for two days in a row and it may follow this trend throughout the week. Last week…
Don't be Mean to Yourself
Yesterday, I came across an article on RookieKe’s blog on pricing our desires. In the article, Rookie tackles her friends dilemma, advising him to take a SACCO loan to pay for an iPad. Most financial gurus will frown at this. A loan for a luxurious gadget?…
Crown Berger Profits Up 41%
Crown Berger Kenya Limited has released its financial results for the year ended 31st December 2011. The firm, a recipient of ISO 9001: 2008 certification and a Superbrand status holder reported a 41.11% increase in net profits for the year ended 31st December 2011. Sales…
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 Date US Dollar Sterling Pound Euro SA Rand KESUSHS KESTSHS KESRWF Tuesday 24th April 2012 83.2293 134.1512…
Private Parking Lots Raise Fee
Private parking lots in Nairobi increase fees
Measures Taken to Address High Fuel Prices
The government last week amended the petroleum import laws and allowed Kenya Petroleum Refinery Limited (KPRL) to begin importing its own crude, process it and sell the refined product at a profit to the Kenyan market and for export starting July 1. The move is…
Stocks Watch
The NSE 20 share index closed yesterday’s trading session at 3,579.57 points, 1.76 points down from the previous day’s close of 3,581.33 points. This is the first time in two weeks that the 20-share index has fallen from its value the previous day. The shares to watch today include: Kenya…
Heavy Rains, a Blessing in Disguise for the Shilling
The current heavy rains might have left a lot of destruction, but they are expected to help strengthen the Shilling against other major currencies. The heavy downfall is expected to increase food production this year, eliminating the need for food importation by the government.
How KPRL Will Help Lower Fuel Prices
The move by the government to upgrade Kenya Petroleum Refinery Limited (KPRL) to merchant status will see the plant import its own crude oil, process it and sell refined products at a profit to the Kenyan market and for export starting July 1. As…
11% Increase in Profits for Housing Finance
Housing Finance has released its unaudited financial results for the first quarter of 2012 (January-March) and has reported an 11.4% increase in profits after tax over the same period last year. The company’s loans and advances to customers have increased 39% from KES 20.36 billion as of 31st March…
CMA Chief to Step Down in June
The Capital Markets Authority (CMA) has announced in a statement released on Tuesday that its Chief Executive Mrs Stella Kilonzo will not seek renewal of her 4 year contract once it expires on June 30th. Mrs Stella Kilonzo can be praised for transforming the CMA from a moribund government institution…
Personal Finance is More Personal Than it is Finance
There is a reason why they call it ‘Personal Finance’. It is personal. There is really never a guarantee that something will work for you just because it worked for someone else. We all have differently sized pockets. We are all looking for different experiences and we have also been…
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