Leading Banks are Stashing Cash
An analysis of the end-year financial results of leading banks shows a trend that they indeed are stashing up large amounts of cash. In the year ended 2010, the Kenya Commercial Bank had retained earnings of Kshs. 15,388,072,000. The retained earnings that KCB reported in its 2011 end-year financial…
KQ Hits New 12 Month Low
The Kenya Airways share price today dropped to a new 12-month low. The counter opened trading this morning and immediately dropped 5 cents to open at Kshs. 13.60, down from yesterday’s close of Kshs. 13.65. At about 12.14pm today, the KQ share touched the new 12-month low of Kshs.
Enjoying an Inexpensive Weekend.
It’s that time of the month when you are broke and the line between you and poverty is slowly closing in on you. To make ends meet you are obligated to cut on costs by all means possible, but this should not be excuse for you to have…
Housing Business Still Lucrative?
The rush to cash in on the housing industry could still be on after all. Despite the numerous developments coming up in upmarket and low end places, the demand for housing still remains high. Statistics show that Kenya has an annual housing demand of about 210,000 units against an average…
So, Who Exactly is A Millionaire?
A millionaire is, by definition, an individual whose wealth is equal to, or exceeds, one million units of currency. There are several schools of thought on how to calculate the value of one’s wealth and determine if one is a millionaire. One school suggests that a…
10 Ways to Earn That Extra Coin
Living in these tough economic times in Kenya, one would not mind extra money every month. It comes in handy in paying bills, making up for the coffee date dents and even monthly trips to Naivasha. Here are a few ways in which you could help credit some…
BRITAK TANKS: Reports a Loss In 2011
The British American Investments Company Limited announced its audited financial statements for the year ended 31st December 2011 on Wednesday 21st March. The company reported a net loss of Kshs. 1,957,305,000 in the financial period ended 31st December 2011. In the previous period ending 31st December 2010, the company…
Why Your Loan Application Might Be Rejected
With the continued rising cost of living, many people are growing desperate in need for money to help meet their expenses. As a result, many of them are turning to banks for personal loans. The loan application process is tedious and not all applications are approve.
Give Me My Rights: Understanding the KQ Rights Issue
On 17th October 2011, Kenya Airways announced that its board of directors, having considered and approved the funding requirements of KQ for its future expansion plans, approved that part of such funding be raised by a way of a rights issue to the existing shareholders of KQ. KQ intends…
Where Do You Get Your Gas? It might Just be Illegal
The Energy Regulatory Commission (ERC) in conjunction with the Police conducted a joint raid with the police in several outlets in Nairobi’s Industrial Area where they confiscated over 150 assorted LPG cylinders of various brands from illegal depots. ERC says it has stepped up…
Access Kenya and Today's 5 Cent Drop
The Access Kenya Group share today opened the trading session at Kshs. 4.30, 5cents up from yesterday’s Kshs. 4.25 closing price. The counter moved 127,000 shares valued at Kshs. 539,750. The share today closed at Kshs. 4.10, a seemingly modest drop of 5cents but in the case of an…
Looking for a Personal Loan that Suits You?
With unpredictability of interest rates on loans, individuals have become skeptical about taking up loans from banks in the country. However, banks have been keeping up well with the competition and available demand to create products that will best suit them and their clients in terms of loans. Here is…
Closing Bell 22/03/2012
Top Gainers Price Change Kapchorua Tea Co. Ltd Ord Ord 5.00 123.00 +9.82 Unga Group Ltd Ord 5.00 9.70 +7.78 Eveready East Africa Ltd Ord.1.00…
Want To Track Some Lost MPESA Money? Get An Account Statement
Interested in tracking the transactions on your M-PESA account? It turns out that Safaricom provides this service for its M-PESA customers. All one needs to do is visit any Safaricom Customer Care shop and have the statement printed. A page will cost you 25/-, and the statement can…
KQ Closes Below Rights Issue Price
For the second day running the Kenya Airways share has dipped below the rights issue price of Ksh. 14. Yesterday, the share momentarily hit Ksh. 13.60 but closed at KES 14.50 but today the share constantly traded below Ksh. 14. The share opened at Ksh.
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