The Safaricom's 2011/2012 Results
Safaricom's 2011/2012 Profits - It's Going Down.
Profits dropped 4% to KES 12.63 billion.
The firm spent 26 billion in capital expenditures, the same they spent on operating expenditures like advertising.
Updated List of Places Affected by Water Shortage
Nairobi residents will go for 5 days(update: 2 weeks) without water after the water supply pipe from Sasuma Dam was damaged following the heavy rains that have been encountered lately. Areas affected by water shortage include: Karen Lavington Westlands Parklands Spring Valley Kitusuru Loresho…
Forex Trail – 10 May 2012
The Kenya Shilling lost some ground against the US $ yesterday. It however recorded gains against the Euro, the SA Rand and the Queen's currency.
Stocks Watch – 10 May 2012
As at the close of trading at the NSE yesterday, the NSE 20 share index was down by a very marginal 13.25 points compared to Tuesday, closing at 3,585.93 points up from Tuesday’s 3,599.18. The NSE all-share index maintained its previous position t close at 78.09. The NSE…
National Bank's Day at the NSE
A look at the day National Bank ahs had at the NSE today.
Let Your Shoes Charge Your Phone for You!
Thanks to the rate of technology uptake in Kenya, new innovations are being seen that are changing Kenyans’ lives for the better. From mobile phone applications in the health, agriculture and business fronts to leisure and social arenas, live has been changing for the better. All these developments have an…
Do You Know The True Cost Of Owning That Car?
Cars are selling like hot cake in Nairobi and every Tom Dick and Harry wants to own one since the buying prices are relatively affordable.It is also becoming a status quo thing, where people are simply buying cars to belong, or to earn a certain respect among the…
Kenya Re's Exceptional Performance
On the 23rd of April Kenya Re-insurance Corporation released its financial results for the period ended 31st December 2011. It reported a 24% increase in its profits from KES 1.66 billion to KES 2.036 billion. In light of this, the board of directors recommended a dividend payment of 35cents per…
Safaricom to Open Online Store
Customers outside a Safaricom Shop (Photo: Nigeria News) Mobile operator Safaricom has plans in place to launch an online store that will be a unified online version of the Safaricom Shops. The online store will be a more convenient platform for accessing merchandise that is available…
Closing Bell – 9 May 2012
A snippet of the goings-on at the NSE today.
The Story of The Boy and the Sundae
A story is told, from many years ago when a 10-year-old boy walked up to the counter of a soda shop and climbed onto a stool. He caught the eye of the waitress and asked, “How much is an ice cream sundae?” “Fifty cents,” the waitress replied. The boy reached…
New Health Insurance Tariff Put Off
Contributors to the National Hospital Insurance Fund (NHIF) will continue making contributions of Kshs. 320 for up to three months after the fund suspended its quest to implement a new tariff. Suspension of the tariff comes weeks after the Central Organization of Trade Unions…
Safaricom Results: What to Expect
Safaricom releases its full-year results tomorrow. KES 13 billion in net profits? Not likely.
Most people would rather spend more on food than buy airtime, that is the problem Safaricom had to deal with last year with the rise in inflation.
KenolKobil Might Delist From the NSE
According to the Business Daily, KenolKobil may be delisted from the Nairobi Stock Exchange (NSE) should the deal to sell majority shareholding in the company to firm Puma Energy succeed. Yesterday the firm released a cautionary statement announcing to its shareholders and the general public that the key shareholders…
Loan Defaulters Have Nowhere to Run
In the recent days, borrowers have not only been subjected to high interest loans, but the conditions for borrowing and repayment histories of the borrowers is the new nightmare. Lenders have greatly embraced credit sharing information which has seen a great decline in the amount of bad debts. The information…
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