Closing Bell 03/04/2012
Gainers Price Change Unga Group Limited 9.90 5.88% Athi River Mining Limited 170.00 5.59% Diamond Trust Bank Kenya Limited 93.50 3.89% Housing Finance Company Limited 14.40 3.23% East African Cables Limited 11.00 2.80% Losers Price Change Car & General (K) Limited 23.50 9.62% Carbacid Investments Limited 88.00 9.28%…
New innovative Products from Ecobank
Ecobank in the last four months has rolled out a series of innovative products all aimed at diversifying its services and response to customer needs. These include the Retail Internet Banking, Salary Advance Account and the launch of the Visa Chip cards. In the…
Congratulations Safaricom
Safaricom’s customer care twitter handle has proved to be reliable, interactive and effective when it comes to addressing customer queries. Unlike Yu Mobile twitter handle where queries take up to 24 hours to be responded to, Safaricom responds at a faster rate of no more than fifteen minutes.
Ecobank opens new Branch
Ecobank has officially opened a new branch in Nairobi. The New Ecobank Karen branch, the bank’s 24th in the country and 10th in Nairobi was officially opened by Finance Minister and Ndia MP Njeru Githae. The Tobank, which was first introduced in Kenya in…
What determines choice of Matatus on your Route?
Kenya has had a blessing in terms of public transport thanks to the Matatu phenomena. However, in the recent past, reckless driving by Matatu drivers has gone into books as having killed more Kenyans than some seriously known chronic diseases. The Nairobi Matatu system has it that there…
KQ to offer competitive rates in the near future
The deal signed between General Electric Aviation’s (GE) and Kenya Airways (KQ) will see GE supply KQ with engines for the nine Boeing 787 Dreamliners and a few other planes to be purchased in the future. The 19 GE-nx-1B engines to be bought deliver 15% fuel…
Foreign exchange reserves increase to 9-month high
The foreign exchange reserves held by the Central Bank of Kenya increased last week to the highest levels in the last 9 months. An increase in foreign reserves, caused by the Central Bank buying foreign currency (usually the US dollar) using local currency has helped stabilise the shilling against…
The Famous and Bankrupt
If it makes you feel any better, even Presidents, Nobel Prize winners and Donald Trump have had their own share of bankruptcy and financial difficulties. There is no aloneness in this ‘broke’ corner. Maybe the only thing that is different is the levels of ‘financial difficulties’. Your bad could be…
KenGen Bondholders to Receive First Redemption Installment .
This month, the country’s power generating firm KenGen is set to pay out the first redemption installment of the 10 year Public Infrastructure Bond the company issued in 2009. The Ksh 25 billion bond was structured such that bondholders received semi-annual interest payments or coupons in the first two…
Safaricom to be the Fastest Mobile Broadband Network Next Week
Safaricom to have the fastest mobile broadband speed
Airtel Subscribers aren't Happy with the Promo Calls
Airtel subscribers have been constantly complaining about the frequent product promotion/advert calls by Airtel personnel. One Airtel subscriber complained of receiving no less than two advert calls a week, terming it as being very annoying. According to a response posted on their twitter page, a subscriber…
Eveready Profits Dim: Reports 124 million loss
Eveready East Africa Limited has reported its annual financial results for the year ended 30th September 2011. The battery maker has announced a loss of Kshs. 123,994,000, down Kshs. 132,697,000 from the previous period’s Kshs. 8,703,000 profit. This represents a 1524.7% drop in the profitability of the listed company.
NSE best performing stock exchange in Africa
According to investinginafrica.net, the Nairobi Securities Exchange is the best performing stock exchange in Africa based on the return an investor would receive having invested in the exchange at the beginning of the year (2012) and holding the investment to date, the year to date return. This analysis was…
A Day in the Life of a Kenyan Casual Labourer
“There are two tribes in Kenya, the rich and the poor” – Maina Kiai I’m Makau, a resident of Kibera slums, working as a casual labourer in Industrial Area. A new month has just begun and, like many of my neighbours, it’s back to our usual tactics of dodging the…
Orange Mobile to Temporarily Go Off-Line
Notice is hereby given that Orange Mobile will go off-line tonight, between midnight and 3am, to pave way for system upgrade to increase capacity and throughput. …
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