Kakuzi Share Responds To Their Positive Financial Results
Yesterday, Kakuzi Limited’s share gained for the second day running and rose by 0.6% to Ksh. 80 per share, the highest since March 1st 2012. This seems to be in response to the increase in profit they reported for the period ended 31st December 2012. According to their financial…
Mbao Pension Scheme Grows By 3,000%
Revenue Benefits Authority (RBA) partnership with MPESA has seen the Mbao (20) pension scheme grow by 3,000% The mbao pension scheme is a voluntary retirement savings plan with a minimum daily contribution of KES 20 targeting workers in the informal sector. The contributions can…
Wanna Get KPLC Interim Dividends?
The Kenya Power and Lighting Company, KPLC, will pay out an interim dividend of Kshs. 0.20 per share, the company announced in February. To receive dividends, shareholders must be in the share register on 12thApril for the dividend will be paid out on 31st April 2012. The share is…
Minister Calls On Banks To Lower Interest On Loans.
Finance Minister Njeru Githae has urged banks to lower the interest rates on loans to encourage Kenyans to access loans. Speaking at the opening of Ecobank’s Karen branch, Githae said the inflation rate is at 16% now and it would not hurt banks if they charged interest at rates of…
More Kenyans Using Daktari 1525
Safaricom’s new value added service, Daktari 1525, receives approximately 2,500 calls daily with a bulk of the calls coming from people at the bottom of the pyramid. Daktari 1525 allows subscribers to speak to qualified medical personnel at a cost of KES 20 per…
Why Would You Take Up Your KQ Rights?
Yesterday, the KQ share closed at Ksh 13.95 per share. This is 5 cents below the rights issue price. This is similar to the trend that was observed last week where the share was consistently below Ksh 14 and reached a 12 month low of Ksh 12.55 per share. This…
Government to Raise Oil Block Lease Amount
The government is looking at possibilities of increasing the lease amount paid by Oil explorers, the Finance Minister Njeru Githae has said. This comes in the wake of Tullow Oil Plc having struck oil at Ngamia 1 well in Turkana on oil exploration Block 10BB. There…
KES 131,665 For Nine Items at Nakumatt
The image below was captured at a Nakumatt till last night. The total payable was KES 131,665 which was paid all in cash. The hapless clerk almost walked off when the pile of notes was handed to him to count. pesatalk.com The receipt had only 9 items purchased so…
Plenty Of Job Opportunities In The East Africa Aviation Industry
Has your kid completed his high school education and still has his career options open? Why don’t you enroll him to a local aviation college? Kenya needs 2,000 more pilots to meet the current demand of 5,000 as the East African aviation industry complains of losing highly skilled manpower to…
EABL Interim Dividend To Be Paid Next Week
East African Breweries Limited, East Africa’s leading branded alcohol beverage business, is expected to pay a Kshs. 2.50 interim dividened per share to shareholders on 13th April 2012. The share closed trading in yesterday’s session at Kshs. 202.00 with the counter moving 53,300 shares yesterday resulting in a turnover of…
GO Tv Hikes Monthly Charges But Lowers Installation Fees
GOtv, the latest entrant in the Kenya pay TV market, recently revived its rates, increasing the monthly subscription fees and lowering installation fees. The monthly subscription fees increased by KES 135, from KES 585 to KES 720, this coming amidst numerous complaints from GOtv subscribers. The installation fees…
Why do we feel the need to give to Charity?
When you are walking down the street and a beggar stretches his bowl for a shilling, do you ever wonder why you are so pushed to help? And if you pass him by, do you also wonder why there is a sudden rush of guilt? Is it because we naturally…
Why Money makes you unhappy
(Article from wired.com) Money is surprisingly bad at making us happy. Once we escape the trap of poverty, levels of wealth have an extremely modest impact on levels of happiness, especially in developed countries. Even worse, it appears that the richest nation in history – 21st century America – is slowly…
EABL faces active competition
The performance of the company is a matter of great concern to the shareholders. In every industry there exists factors that may promote or inhibit company performance. One factor that may actually both promote and inhibit this performance is competition. The clearest indicator of increased competition is the entrance of…
Chase Bank reports 58% profit increase
Source: chasebankkenya.co.ke Chase Bank, a privately-owned winner of the Special Award for Product Innovation, 2nd Runner up- Best Bank in Product Innovation, 3rd Runner up- Best Bank in SME at the 2011 Annual Banking Awards has announced its results for the year 2011. The company has reported a gain…
1
