Jubilee Insurance Wins Best Claims Settlement Award
The company pays out Ksh1.33 Billion in claims to 4,195 general insurance clients in 2011. Jubilee Insurance has been voted the overall winner of the Best Claims Settlement Award sponsored by the Association of Insurance Brokers of Kenya popularly known as the BIMA AWARDS 2012.
Pay Your Parking Ticket, or Else!
In the long run it is preferable to pay for your parking ticket as opposed to paying a fine imposed on you. It’s only after you have felt the wrath of the “kanjo” askaris and the stress incurred in locating your car that you realize the importance of…
The Oil Discovery Put into Perspective
Yesterday President Mwai Kibaki announced that oil had been discovered in Turkana. The company that carried out the oil exploration exercise, Tullow Oil Plc confirmed that it had discovered oil in one of its oil wells, the Ngamia-1 exploration well. The company announced that…
I am Only 20, I Can Be Careless
The twenties is the age of fun. It is when most of us get our first job and want to over-indulge in life’s endless niceties. We want to buy stuff that we do not need, go out as much as we can, travel the world. There is no feeling as…
Don’t Throw Away The Old T-shirt
When was the last time you took a needle and thread and sewed a torn dress? Often, people have no time to do this kind of thing. Old clothes are just that, old. Their term ends when the zip falls off. We will put them on the farthest side of…
I&M Profits Rise to 3.3 Billion Shillings
I&M Bank has recorded a 37.5 per cent rise in profit after tax for the period ended December 2011. According to the Business Daily, the private bank joins KCB and Equity in reporting regional profit after its net income increased from Sh2.4 billion a year earlier to Sh3.3 billion…
Mumias Sugar Half Year Results
Mumias Sugar Company Limited has released its half year results for the six months ended 31st December 2012. In its unaudited 6-month results, the company has reported gross profits of Kshs. 2,255,726,000, down Kshs. 285,555,000 from the previous periods Kshs. 2,541,281,000. Net profits however increased in the same period…
What Would You Like to See on Your Bank Notes?
Since pre-colonial times, Kenyans have been used to bank notes and coins that bear individual’s faces on the front. Now that is all going to change thanks to provisions in the new constitution. Article 231(4) of the New Constitution on the production and issuance of Kenyan currency notes and coins…
First Community Bank launches A New Mutual Fund
In a ceremony at the Intercontinental Hotel on 6th March 2012 attended by the Governor of the Central Bank of Kenya, Prof Njuguna Ndun’gu, the Chief Executive Officer of the Capital Markets Authority, Ms. Stella Kilonzo and the Chairman of the Insurance Regulatory Authority,…
Would You Buy a Phone worth KES 305,440?
Tag Heuer, a world famous watch and lifestyle product manufacturer will, in July 2012 launch, an all new android mobile phone titled “Tag Heuer Racer”. It will be a limited edition phone definitely meant to be exclusive. The price is expected to start from around US $3680 (Approximately…
When To Take Up That Loan Offer
What are you likely to do when the loan hawkers come calling? You see these people pitching tent from banks at every street corner giving the most enticing stories you have ever heard. You probably have received a call from your bank about an ‘offer’ they are giving you for…
Did Your Insurer's Licence Get Renewed?
The Insurance regulatory Authority (IRA) has declined to renew licenses for three insurance companies. UAP Life Assurance, Capex Life Assurance and Xplico Insurance were not put on this years’ list of licencees with the regulator citing breach…
CBKs Presence in Market Weakening Shilling.
Presence of the Central Bank of Kenya (CBK) in the currency market for the past one year has been keeping the shilling weak. Treasury dealers at the Bank of Africa (BoA) say that the sharp depreciation of the shilling has given CBK control over movements of the shilling.
Closing Bell 26/3/2012
Top Gainers Price(Ksh) Change(%) NIC Bank Ltd 27.25 +5.83 Sasini Ltd 11.00 +5.26 CFC Insurance Holdings 7.55 +4.86 Kenya Airways Ltd 13.70 +4.18 National Bank of Kenya Ltd 18.00 +3.75 Top Losers Price(Ksh) Change(%) Barclays Bank Ltd 12.00 -10.78 British American Tobacco Kenya Ltd 280.00 -9.39 Kapchorua Tea Co.
KQ Share Displays Signs of Recovery
The Kenya Airways share today displayed positive signs after having a turbulent time in last week’s trading. The counter opened trading this morning at Kshs. 13.30, 15 cents up from Friday’s close of Kshs. 13.15. The counter traded rather today eccentrically, quickly rising to Kshs. 13.95 after opening then…
1
