Friday Morning Brief – 16th Jan
Top Citi official to bag unclaimed assets CEO job Kellen Kariuki, the currently senior human resource business partner for Middle East, Pakistan and Africa at Citi Bank is expected to be appointed a the first CEO of the Unclaimed Financial Assets Authority. The authority which holds in trust all assets…
Thursday Morning Brief – 15th Jan
Centum posts 100-day high on coal ruling The company gained 5.3 per cent on Wednesday, following a dismissal of the petition challenging award of a tender for construction of a Sh164 billion coal power plant in Lamu. Centum closed the day at a three-and-a-half month high of Sh69 with…
Wednesday Brief – 14th Jan
Empire Microsystems to list on NSE first week of March Empire Microsystems plans to make its debut on NSE in the first week of March, making it the first tech company to list on the NSE’s Growth Enterprise Market Segment (GEMS) and the fifth firm to list on the segment…
Tuesday Morning Brief – 13th Jan
Treasury targets Sh20 billion in two bond issues The two issues which seek to ride on the past success of previous issues are the five- and 20-year bonds. These bonds which total to Sh20 billion will be issued later this month are likely to raise yields and domestic debt level…
Monday Morning Brief – 12th Jan
Bond turnover hits Sh494bn as investors cash in on high returns There is encouragement for investors in the bond market with 81% of the bonds issued having recorded a positive return in 2014 last year. The bond turnover rose by 9.1 per cent last year to Sh494 billion with returns…
Saturday Morning Brief – 10 Jan
Kenya coffee earnings jump 17pc in 2013/14 crop year The industry’s regulator on Thursday announced a rise of 17 per cent in Kenya’s earnings from its coffee exports to $254.2 million (Sh22.9b) during the 2013/14 (Oct-Sept) crop season owing to higher prices and improved production. Kenyan Coffee farmers had…
Friday Morning Brief – Jan 9
Sugar prices expected to drop as Mumias resumes operations Sugar prices are expected to drop as Mumias Sugar Company, which accounts for 60 percent of sugar production in Kenya, makes a comeback after two months of closure for maintenance. This is good news for the consumers but a bitter…
Monday Morning Brief – Dec 1
Kenyans lose millions on Facebook Scam More than 5,000 Kenyan Facebook users have lost millions of shillings in a hacking scam that lasted for a year, a local cyber security firm has revealed. The firm, Serianu, says it has unmasked a Kenyan hacker who broke into personal accounts…
Tuesday’s Morning Brief – Nov 25
Kenyan tea firms warn of poor annual earnings after H1 profits dip Kenyan tea firms Williamson Tea and peer Kapchorua reported on Monday weaker first-half pretax profits, and both said falling tea prices would reduce their respective full-year earnings by at least a quarter. Williamson Tea, which shares owners with…
Closing Bell: Scangroup Top Gainer While Longhorn Slumps At The NSE
Scangroup Limited (SCAN) was the top gainer at the Nairobi Securities Exchange (NSE) on the basis of its closing price. It rose 9.52% to close at KES 46.00. While Longhorn Kenya Limited (…
Keep Your Business Safe: Ideas On Securing Your Computer Networks
Eng. Tom Makau the Chief Technology Officer at Callkey writes: There has been a lot of talk about increased cases of cyber criminals accessing information stored on computing networks. Many an events organization have also held conference after conference targeting IT managers and Chief Information…
Monday’s Morning Brief – Nov 24
US oil firm Camac suspends Lamu exploration Camac Energy, a Houston based oil explorer, has suspended carrying out seismic surveys in Lamu after concerns were raised over the effect of the operations on the Arabuko-Sokoke forest in the area. […] Local contractors take 40% of SGR fund…
Closing Bell: Eaagads Top Gainer At The NSE After Releasing Half Year Results
Eaagads Limited (EGAD) was the top gainer at the Nairobi Securities Exchange (NSE). The counter registered a massive gain of 54.88% to end the day at KES 63.50. Its weighted average price for the day was…
Fairness Should Inform Revenue Sharing Between Counties
As you would know, Kenya’s Commission on Revenue Allocation (CRA), the constitutional body tasked with dividing government revenue between the 47 counties of Kenya has released a new revenue allocation formula. The formula introduces two new parameters to the current five parameters which include the development factor…
Friday’s Morning Brief – Nov 21
Africa’s mobile money makes its way to Europe with M-Pesa M-Pesa has nearly 17 million active customers and as many as 186,000 agents worldwide. Customers make more than €900 million (US$1.1 billion) worth of person-to-person transactions a month. Now, the technology that was honed in Africa is being exported to…
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