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…
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…
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