Fast and Easy Way to Know Your DStv Account Balance or the Rate
You can now know your DStv account balance or the prevailing forex exchange rate through the comfort of your mobile phone. To check your balance, send an SMS beginning with the word “Bal” (space) “smartcard number” to the number 3788 For the prevailing exchange rate send an SMS…
Ringera committee to commence hearing on CMC probe
Capital markets regulator Capital Markets Authority (CMA) has appointed an adhoc committee to hear the sides of those named in a forensic investigation report on giant car dealer CMC Motors Group. The report by Webber Wentzel (South Africa) accuses current and previous directors of fraud,…
The Closing Bell – 2/4/2012
Gainers Price (Ksh) Change (%) Standard Group Ltd 23.00 9.52 Express Ltd 4.40 6.02 Eveready East Africa Ltd 1.55 3.33 TPS Eastern Africa Serena 47.50 3.26 Kakuzi 79.50 2.58 Losers Price (Ksh) Change (%) City Trust Ltd 225.00 9.64 Olympia Capital Holdings Ltd 3.15 5.97 BOC Kenya Ltd 115.00…
Kakuzi Profits Increase By 66%
Kakuzi Limited has announced its annual financial results for the year ended December 31st December 2011. The company’s sales increased from Kshs. 2,113,774,000 to Kshs. 2,376,862,000 in the period representing a 12.45% jump in sales. The company’s total assets increased a substantial 22.27% from Kshs. 2,834,912,000 in the 2010…
US Hikes Visa Fees
New US visa fees will take effect as of April 13 2012. The change affect the Nonimmigrant visa application fees (also known as “MRV FEES”) which include: USD $160 for most visas that do not require a petition, examples of visas in this category are: Visitor Visa for business/pleasure Exchange…
CBK expected to maintain CBR despite falling inflation
The Central Bank of Kenya’s Monetary Policy Committee (MPC) is expected to hold a meeting this week. The Central Bank’s principal objective is the formulation and implementation of monetary policy directed to achieving and maintaining stability in the general level of prices. The aim is to achieve stable prices –…
CBK to auction T-Bills this week
Last week, the Central Bank of Kenya (CBK) offered 91-day and 182-day treasury bills for a total of Kshs. 7 billion. There were 190 bids for the 91-day bills amounting to Kshs. 1.19 Billion representing 30% subscription and 170 bids for the 182-day bills amounting to Kshs. 4.47 Billion, representing…
Kenya Airways Rights Take Off
National carrier Kenya Airways on Friday announced that it had entered an agreement with the International Finance Corporation (IFC) in which the IFC will buy shares and loan out money to the airline to the tune of Kshs. 8.7 billion ($105 million). KQ chief executive, Mr. Titus Naikuni,…
KQ rights issue off to a promising start.
Today the Kenya Airways rights issue opened. The rights issue is such that each shareholder has the opportunity to purchase 16 new shares for every 5 shares they currently own at Ksh 14 per share. The World Bank ‘s private sector lending arm the International Finance Corporation (IFC) has committed…
Sacco's can help members prepare for retirement
It has been the fear of many that traditional old-age security systems are crumbling. There has not been a properly defined way to secure the later years of Kenyans especially the self employed who did not have a channel that could save up to their retirement. However Savings and Credit…
Cost of Living Shot Up in March
Kenya National Bureau of Statistics has released the inflation rate for the month of March 2012, citing an increase in the Consumer Price Index (CPI) by 1.34% from 130.76 in February 2012 to 132.51 in March 2012. The overall inflation rate stood at 15.61% in March 2012. Food and Non…
NSSF To Build 30,000 Houses in Mavoko
The National Social Security Fund is planning to build 30,000 housing units in a mixed residential development in Mavoko. This comes as the Government is urged to change its approach to the current housing delivery methods. Focus has been on providing housing for the high income earners and…
When Money Falls In The Hands Of A Fool
There is a thing about money. It is lethal when it lands in the hands of a fool. A smart person knows how to go shopping for happiness with money. Don’t listen to the proverbials of money not buying happiness; listen to the ones that say that a…
5 Ways to Trick Yourself into Saving
Let's face it, it's not easy to save. With the pressure of life pulling at every single shilling you earn, every single moment it becomes difficult to set aside money for later use. However, saving is crucial; its the starting point for anyone who wants to achieve their financial goals. Here are five ways to trick yourself into saving more.
CLOSING BELL 30/3/2012
Gainers Price Change Pan Africa Insurance Holdings 24.75 7.61% Sasini Limited 11.05 2.79% Express Limited 4.15 2.47% Standard Chartered Bank Limited 174.00 1.75% Scangroup Limited 50.50 1.51% Losers Price Change Standard Group Limited 21.00 8.70% Total Kenya Limited 14.05 4.10% Jubilee Holdings Limited 178.00 3.26% Eveready…
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