5 Things You Should Know This Morning – Oct 3
Kenyan shilling firms but still vulnerable, stocks inch lower The Kenya shilling closed at 89.20/89.30 to the dollar, compared with Wednesday’s close of 89.25/45, having reached an intraday high of 88.90/89.10. The shilling is expected to stay under pressure with hard currency inflows taking a beating after Kenyan officials failed to meet a Sept. 30…
Oct 2 Closing Bell: Centum Declines The Most At The NSE
The winners The price of Kenya Orchards rose 10% to make it the top gainer at the Nairobi Securities Exchange. However only 200 Orchards shares changed hands in one transaction at 11.49 am today. Olympia Capital Limited continued its strong…
Airtel Uganda Partners With Equity Bank To Improve Financial Access
Airtel Uganda has partnered with Equity Bank Uganda, Uganda Cooperative Savings and Credit Union (UCSCU), and FutureLinkTechnologies (FLT), to implement the Integrated Financial Inclusion Project (IFIP). This is intended to enable more than 2 million customers to get financial access regardless of their location. It will make it easier for…
Oct 2 Morning Bell: Olympia Capital Holdings Up 9.45% At The NSE
An update on how companies listed on the Nairobi Securities Exchange (NSE) have performed as at 10.45 am this morning. The winners Olympia Capital Holdings (OCH) had appreciated the most in price. Its shares were exchanging at KES 6.95. The company h…
5 Things You Should Know This Morning – Oct 2
Kenyan shilling steady, stocks a fraction higher At 1300 GMT, commercial banks quoted the shilling at 89.25/45 to the dollar, compared with Tuesday’s close of 89.30/40. Traders said there were some dollar inflows from tea exporters and non-governmental organisations, which countered the demand for the U.S. currency. On the Nairobi Securities Exchange, the main NSE-20 Share Index…
Oct 1 Closing Bell: Longhorn Kenya Top Gainer At The NSE
The winners Longhorn Kenya‘s price appreciated 9.8% today. At the close of trading, its share was fetching KES 28.00. This is the third day since Monday that the publisher’s share has ended the day among the top five gainers. Other shares that rose in value were…
Nairobi Securities Exchange Picks Acting CEO
The Board of Directors of the Nairobi Securities Exchange has appointed Mr. Andrew Wachira as the Acting Chief Executive of the Exchange effective today. This follows the exit of Mr. Peter Mwangi as the Chief Executive on September 30, 2014. Mr Mwangi will be heading to Old Mutual Kenya to serve as…
Kenya-Rwanda Roaming Rates Lowered In East African Integration Effort
Safaricom has announced that it is set to lower the cost of calls and roaming rates between Kenya and Rwanda. The new rates take effect from today. The move which comes ahead of the East African Community (EAC) Heads of State initiative dubbed “One Network” set to officially launch in…
Oct 1 Morning Bell: Longhorn Kenya Limited Top Gainer At The NSE
An update on how companies listed on the Nairobi Securities Exchange (NSE) have performed this morning The winners As at 10.45 am today, Longhorn Kenya had appreciated the most in value. The book publisher was up 9.8% from yesterday’s closing price to trade at KES 28.00. Other top gainers were…
5 Things You Should Know This Morning – Oct 1
Economy expands by 25% placing Kenya in the club of Africa’s top 10 Kenya has climbed up the wealth rankings to become Africa’s ninth-largest economy following a review of national output figures that also saw the country join the world’s league of middle-income nations. Fresh national statistics unveiled yesterday show that…
Sep 30 Closing Bell: Eveready Nearly Doubles At The NSE
The winners Eveready East Africa continued with its morning trend to end the day as the top gainer with a rise of 78%. Investors reacted positively to news that the battery maker was closing its Nakuru factory in…
Boost To Kenya’s International Finance Aspirations As The CMA CEO Is Elected To IOSCO Board
Kenya’s aspiration for Nairobi to become an International Financial Centre received a major boost when Mr. Paul Muthaura, the acting CEO of the Capital Markets Authority (CMA), was elected to the Board of the International Organization of Securities Commissions (IOSCO). This will contribute to the global visibility of the Kenyan capital markets. It comes after…
Sep 30 NSE Morning Bell: Eveready Up Over 50% After Announcing Factory Closure
The winners As at 11.04 am today Eveready East Africa was up 62.5% from yesterday’s closing price. The battery maker on Monday announced the closure of its Nakuru factory. Instead it will be sourcing its batteries at a lesser cost from its affiliate Energizer Egypt. Eveready also intends to …
6 Peculiar Taxes You Should Read About
On the 15th of September this year president Uhuru Kenyatta assented to the bill that re-introduced capital gains taxes in Kenya. There have been various debates on the pros and cons of the tax. Regardless of where you side…
5 Things You Should Know This Morning – Sep 30
Kenyan shilling weakens, Centum leads stocks higher The Kenyan shilling weakened on Monday due to increased importer demand for dollars, while stocks closed higher lifted by investment firms. At close of trade at 1300 GMT, commercial banks quoted the shilling at 89.30/40 to the dollar, compared with Friday’s close of…
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