Closing Bell: Standard Group Rebounds While Kapchorua Tea Slumps At The NSE
In an interesting twist of events Standard Group Limited (SGL) rebounded from being yesterday’s worst performer at the Nairobi Securities Exchange (NSE) to today’s top gainer. It ended the day at KES 36.75, up 9.70%…
Gold Cards Aren’t The In Thing Anymore
Statistics from the Central Bank of Kenya show that in August this year there were over 185,000 credit cards in Kenya. These cards were used in slightly above 106,000 transactions which carried a value of above KES 1 billion. This was an increase of over 66% from the KES 615…
Thursday’s Morning Brief – Nov 20
KRA releases guidelines on withholding tax The Kenya Revenue Authority has released guidelines for the collection of withholding VAT on payments made to government suppliers, which will be charged at 6% of the cost of supplied goods or services. Withholding VAT was reintroduced in the Finance Act 2014 […
Closing Bell: Sasini Gains While Standard Group Sheds Value At The NSE
Sasini Tea And Coffee Limited Limited (SASN) was the top gainer at the Nairobi Securities Exchange (NSE). It ended the day at KES 12.70, up 9.96% from yesterday’s close of KES 11.55. Sasini’s 3 month share…
Opinion: Can Kenya Afford Staggered Elections?
Governance and the economy are as intertwined as the double helix of the human DNA. Recently, on 4th November 2014, the USA held its mid term elections. A midterm election is a poll where the people elect their representatives in the middle of the term of the executive or of another set of members.
Wednesday’s Morning Brief – Nov 19
Senator Otieno Kajwang’ passes on Homabay Senator Otieno Kajwang’ died Tuesday night after suffering a cardiac arrest. Orange Democratic Movement (ODM) spokesperson Philip Etale confirmed the death shortly after midnight. […] RVR sues insurance company, seeks KES 68 million compensation Rift Valley Railways (RVR) has sued Cannon…
NSE Closing Bell: I And M Bank Among Top Gainers, Announces 1% Profit Increase
I&M Holdings Limited (I&M) was among the top gainers at the Nairobi Securities Exchange (NSE). It ended the day at KES 130.00, up 5.69% from Monday’s close of KES 123.00. The group which has banking operations in Kenya…
Legislation On Kenya’s Mining Sector Should Be Prudent
Kenya is already exporting titanium. Moreover, in the last two years the country has struck commercially viable deposits of oil and coal among other minerals. The need to share the ‘mining cake’ without causing conflict is necessary if Kenya is to enjoy the fruits of its natural resources.
Tuesday’s Morning Brief – Nov 18
Uganda sugar barons want full access to Kenya market In what could compound local sugar millers’ problems, Uganda barons are demanding full access to the Kenya market — based on the East African Community’s free market rule. “… Sugar from other countries in SADC and Comesa — which are not…
NSE Closing Bell: Mumias Sugar, Home Afrika Gain While National bank Declines
Mumias Sugar Company Limited (MSC) was the top gainer at the Nairobi Securities Exchange (NSE). It ended the day at KES 1.70, up 9.68% from Friday’s close of KES 1.55. Home Afrika also saw its closing price appreciate by 6.02%…
Opinion: Our Political Ebola Is Our Bane
Governance, politics and the economy are intertwined. Onyango Ochieng Jr writes on the political scenario in Kenya. Intolerance is the most lethal weapon in the hands of political demagogues, who incidentally ride on the backs of paranoid Kenyans with insatiable appetite, unfortunately to blame, others for everything wrong with their lives.
Monday’s Morning Brief – Nov 17
President Uhuru Kenyatta to open investment forum Kenya is set to host its first two-day investment conference in Nairobi this week as the State intensifies its efforts to woo foreign investors. About 2,000 potential investors from over 100 countries are expected to attend the event at the Kenyatta International Convention…
Closing Bell: Uchumi Rebounds To Close Above Rights Issue Price
Uchumi Supermarkets Limited (UCHM) was the top gainer at the Nairobi Securities Exchange (NSE). It ended the day at KES 9.20, up 9.52% from yesterday’s close of KES 8.40. This was 20 cents higher than its rights issue price of KES…
Friday’s Morning Brief – Nov 14
Treasury aims to raise KES 15bn with reopening of 15-year paper The National Treasury is seeking to raise KES 15 billion in a 15-year bond sale. The fixed-income paper, which offers 10.25% as interest payable twice a year, closes next Tuesday, November 18. The Treasury has avoided offering such long-dated securities to…
Closing Bell: Kenya Airways Is NSE Top Loser After Results Announcement
Kenya Airways Limited (KQ) was the top loser at the Nairobi Securities Exchange (NSE) based on its closing price . It shed 15.34% to KES 8.00 from yesterday’s close of KES 9.45. This was after it announced an…
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