Sep 23 NSE Closing Bell: Liberty Kenya Tops Gainers As NASI Hits 12 Month High
Liberty Kenya maintained its position among the top gainers from morning to end the day 6.67% up from yesterday’s closing price. The Insurer formerly known as CFC Life was second only to Kenya Orchards which gained 8.33% to close at KES 48.00. However, only 100 Orchards shares exchanged hands today. 100…
Will Biometric Passports Reduce Travel Advisories Against Kenya
Western countries such as the USA and the UK have issued travel advisories to their citizens warning them against visiting Kenya. The advisories were issued in after the terrorist attacks in Mpeketoni, Lamu. Data from the Kenya National Bureau of Statistics shows that the number of visitors to…
Kenya Expects Poor Performance From Top Foreign Exchange Earners
Tea, coffee and horticulture, Kenya’s major foreign exchange earners have performed dismally this year largely because of erratic weather patterns and suppressed external demand which has led to reduced export. According to the Kenya National Bureau of Statistics, tea, the country’s biggest cash crop by volume, decreased by a marginal 0.9…
Sep 23 Morning Bell: CIC And Centum Lead The NSE Again
Just like yesterday morning, CIC Insurance and Centum Investments are among the top gainers this morning at the NSE. CIC was the biggest gainer as at 11.50 am, it was 9.73% up at KES 12.40 a share. Centum had gained 9.09% from yesterday’s closing price to sell at KES 84.00. The Insurance sector…
5 Things You Should Know This Morning – Sep 23
Safaricom sounds warning to users of Equity’s thin SIM Telecoms operator Safaricom says it will review its legal commitments to M-Pesa customers who opt to use Equity Bank’s overlay SIM cards, pointing to a new battleground in the mobile money wars involving the two companies. Safaricom’s warning follows a decision…
Is Home Ownership Good For Kenya’s Economy?
In the last month KCB bank has promoted its 105% mortgage finance product. The intention has been to increase home ownership within the Kenyan middle class who feature in the advert. Moreover, Shelter Afrique has financed organisations such as Jamii Bora bank and Kenya Medical Association…
Sep 22 Morning Bell: CIC And Centum Up 9% At The NSE
As at 11.20 am Centum is the biggest gainer at the NSE. It has hit a high of KES 77.50 a 9.95% gain. CIC insurance, which this August completed its bonus issue of shares has hit a high of KES 11.30, a 9.71% gain. The insurance sector dominates the top four…
Closing Bell: How The NSE Was Today
Kenya Orchards ended the day at KES 41.50 as the biggest gainer (9.93%), just as it had been in the morning. Although the number of shares transacted was the minimum possible of 100. Centum which closed at a twelve month high of KES 73.00 was second at 9.77%…
CBK Press Release
This week the Central Bank of Kenya (CBK) offered 91-day Treasury Bills for a total of Kshs. 3 Billion.The total number of bids received was 141 amounting to Kshs. 2.71 Billion, representing a subscription of 90%. Total bids accepted amounted toKshs. 2.22 Billion. The market weighted average rate was 8.770 %, and the weighted average of…
The NSE This Morning
Here is the brief on how the shares market is performing this morning (11.30 am). The biggest gainer is Kenya Orchards currently selling at KES 41.5 a 9.93% rise over the last price of KES 37.75. Although the number of shares exchanged is the minimum 100 shares that…
Is This The End For Hedge Funds?
According to Sheelah Kolhatkar a features editor and national correspondent for Bloomberg Businessweek investment in Hedge Funds is likely to reduce. Will her predicted end of Hedge Funds have an effect on the Kenyan NSE? The California Public Employees’ Retirement System (Calpers)–the largest pension fund in the U.S.–intends to divest…
A Facebook Group Persuaded Coca Cola To Re-release Surge
The power of Social Media. In 1997, the Coca-Cola Co. (KO) ran an unusual commercial in which teenagers in baggy pants raced over sofas to snatch a bright green soda that nobody had heard of before. “Surge!” a voiceover exclaimed. “It’s a fully loaded citrus soda…
5 Things You Should Know This Morning – Sep 16
Locally Kenyan shilling hits 32-month low, stocks up The Kenyan shilling touched a 32-month low on Monday, under pressure from dollar buying by importers and lower hard currency inflows. At the close of trade, commercial banks quoted the shilling at 88.90/89.00 to the dollar, compared with Friday’s close of 88.80/88.90.
Cell Phone Fanatics Get A Special Lane
The cell phone craze is catching on in Kenya, but the Chinese have taken it to a new level. To avert accidents and disturbances attributed to mobile phone usage authorities in many parts of the world have banned using phones while driving or walking. However, a Chinese city has done…
REITS To Fund Real Estate In Kenya
Real Estate Investment Trusts (REITs), may soon be the option of choice for developers wishing to raise finances for their real estate projects in Kenya. “Njoroge Nganga, the Chief Executive Officer of Home Afrika said their projects are long term in nature and require significant capital injection. “REITs and…
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