Forex Trail
Below is a summary of how the Kenya shilling performed against major global and regional currencies as at the close of business on Thursday as compared to Wednesday: DATE CURRENCY US Dollar Sterling Pound Euro SA Rand KESUSHS KESTSHS KESRWF Wednesday 18th March 2012 83.1389 132.4216…
The Bad Side of Economic Integration
Related to the: Good Side of Economic Integration Economic integration refers to the process of unification of economic policies through the removal of trade tariffs. This is meant to ensure the free movement of people, goods, services, and capital, enact and maintain common policies on trade, agriculture and regional…
Water Supply in Nairobi Disrupted
Taps run dry in parts of Nairobi
Stocks Watch
As at the close of business yesterday the NSE All Share index had moved up 0.65 points (0.86%) to close at 76.14 points while the NSE 20-share index moved 45.03 points to close at 3534.27 points, an increase of 1.29%. Safaricom Limited was again the yesterday’s biggest mover with 5.91…
KRA to Track All Your Purchases
Kenya Revenue Authority (KRA) is proposing to install a system that will capture and store every item one buys, a move aimed at facilitating better compliance in tax payment. Information of one’s purchases will be fed into KRA’s data base which will help cross-match…
Barclays Steps up Junior Saving
In a trend setting programme, Barclays Bank of Kenya has undertaken to raise awareness on savings amongst children using education entertainment (edutainment) platforms across major towns in Kenya. As part of its market development programme, to entrench the Barclays Junior Eagles Club Account, Barclays Bank…
Closing Bell 19/4/2012
Safaricom was the day's biggest mover, over 5.9 million shares traded.
No KQ rights were sold today.
A Move to Airtel for the Off-Net Calls
Figures from the Communications Commission of Kenya, 2nd Quarter October – December Report 2011, indicate that Airtel’s overall off-net voice traffic, over the period of October to December 2011, surpassed those of its on-net voice traffic. The off-net call minutes stood at 429,766,670 while those of…
Tarrif Increase by Safaricom Caused Fall in Call Traffic
Mobile service operator Safaricom decided to increase its call charges in October by 25% after it recorded a huge drop of profits in the preceding months, a report by The Communications Commission of Kenya has revealed. This move by the leading mobile service provider…
Kenyans' Preffered Network for Off-net Calls
Data from Communications Commission of Kenya, 2nd Quarter October to December 2011 Report, shows that users prefer Airtel when it comes to Off-Net calls. Airtel recorded the highest off-net traffic, at 429,766,670 over the period of October to December 2011. This comes despite the fact that…
Results of Wednesday’s T-Bill Auction
The Central Bank of Kenya yesterday auctioned 91 day and 182 day Treasury bills worth KES 7 billion. The 91 day T-bill received a subscription of 67% representing bids worth KES 2.7 billion while the 182 day T-bill received bids worth KES 5.3 billion representing a…
Scangroup: Infographics on Growth
“To add outstanding value to our clients and shareholders and have fun doing it.” That is one Kenyan multi-billion shilling company’s mission, to add value to clients. The firm has indeed done that and has the financial success to prove it. Scangroup Limited recently announced its financial results for the…
Stocks Watch
At the close of business yesterday the NSE All Share index had moved up 0.56 points (0.75%) to close at 75.49 points while the NSE 20-share index moved 20.85 points to close at 3489.24points (0.81%). Safaricom Limited was yesterday’s biggest mover with 34.22 million shares being traded in the session…
Safaricom Records Highest Number of Subscribers
Data from the Communications Commission of Kenya (CCK), 2nd Quarter October – December Report, shows that Safaricom recorded the highest number of subscribers over the stated period. Safaricom Ltd recorded the highest gains with 741,560 new subscriptions from 593,177 recorded the previous period. Yu…
Forex Trail
Below is a summary of how the Kenya shilling performed against major global and regional currencies as at the close of business on Wednesday as compared to Tuesday: Currency US Dollars Sterling Pounds Euro SA Rand KES/USHS KES/TSHS KES/RWF Date 17/04/2012 83.15 131.9187 108.95 10.4478 30.0663 19.062 7.2942 18/04/2012 83.138…
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