5 Things You Should Know This Morning – Oct 22
Treasury to pay tax refunds in January Treasury secretary Henry Rotich said plans are under way to pay KES 10 billion of the estimated KES 30 billion backlog in January and to finish the rest within the first quarter of the year. The settlements will be made by issuing the claimants with tradable…
Kenya Airways Goes Up and Down This Past Weekend
It was a long weekend in Kenya. From Friday, the next working day was Tuesday given that Monday was Mashujaa (heroes) day. Kenya Airways during the period was in the news for reasons both positive and neative. Lets start with the reported crash landing of a Kenya Airways plane: Kenya Airways…
Oct 21 NSE Closing Bell: Olympia Capital Doubles Price On Market Volatility
Olympia Capital Holdings (OCH) was today the top gainer at the Nairobi Securities Exchange (NSE). Its closing price was KES 7.40, a rise of 100% compared to last Friday’s price of KES 3.70. “The rise can be attributed to…
Oct 21 Morning Bell: Olympia Capital Up 89% At The NSE
An update on the Nairobi Securities Exchange (NSE) as at noon today, Olympia Capital Holdings (OCH) was exchanging at KES 7.00, a rise of 89.19% from last Friday’s closing price of KES 3.70. The winners Olympia Capital,…
5 Things You Should Know This Morning – Oct 21
Good times for depositors as Central Bank of Kenya (CBK) unveils new refund plan Governor Njuguna Ndung’u says CBK’s focus would now be directed to strengthening the deposit insurance design that will add value to the depositors and the financial system in general. He says the proposed measures, which are…
5 Things You Should Know This Morning – Oct 18
Airtel cleared for regional mobile money transfer Airtel Kenya -through its parent firm, Bharti – is set to start cross border mobile money transfer services in Kenya, Tanzania, Uganda and Rwanda after receiving regulatory approvals from the Central Banks of the four countries. The first phase will be a pilot…
Oct 17 Closing Bell: Profit Taking Places Britam Among Top Decliners At The NSE
British American Investments Limited – Britam – (BRIT) ended today among the top losers at the Nairobi Securities Exchange (NSE). Its closing price was KES 28.00, a drop of 2.61% compared to Thursday’s price of…
Oct 17 Morning Bell: NIC Bank Among The Top Decliners At The NSE
Today at the Nairobi Securities Exchange (NSE): NIC Bank Limited (NIC) had shed 4.48% from yesterday’s closing price as at 11.15 am today. The lender was exchanging at KES 64.00 compared to Thursday’s close of KES…
5 Things You Should Know This Morning – Oct 17
Kenya Airways not to resume flights to West Africa Kenya Airways CEO designate Mbuvi Ngunze also denied reports carried in a section of the Liberian media, alluding to the resumption of suspended flights to Monrovia on Oct. 24. “We wish to clarify that the status quo remains until the government…
Oct 16 Morning Bell: Standard Media Group Among The Top Gainers At The NSE
The Nairobi Securities Exchange (NSE) as at 11.30 am today. The winners Olympia Capital Holdings (OCH), Standard Group Limited (SGL), Marshalls East Africa Limited (MASH) Longhorn Kenya Limited…
5 Things You Should Know This Morning – Oct 16
CIC Insurance corporate bond begins trading at NSE CIC Insurance Group Corporate Bond began trading yesterday at the Nairobi bourse. The insurer announced it would take up the whole KES 6.34 billion realized from the issue, which was oversubscribed by 111% over the initial KES 3 billion. […]…
Oct 15 NSE Closing Bell: East African Cables Among Top Gainers On Dividend Announcement
.East African Cables Limited (CABL) was among the top gainers today on the Nairobi Securities Exchange (NSE). The cable manufacturer yesterday announced an interim dividend of KES 0.50 per share. The dividend will…
Oct 15 Morning Bell: BAT Hits KES 1000 Again At The NSE
British American Tobacco Kenya Limited (BAT) was trading at KES 1000 as at 11.15 today on the Nairobi Securities Exchange. This was the second time the share has hit its all time high. The…
5 Things You Should Know This Morning – Oct 15
American Express And Equity Bank To Launch The First American Express Cards In Kenya Today Today from 7.30 am Equity Bank Limited (EQTY) and American Express will launch the first American Express branded cards in Kenya. The venue of the launch will be at…
American Express And Equity Bank To Launch The First American Express Cards In Kenya Tomorrow
Tomorrow morning, Equity Bank Limited (EQTY) and American Express will launch the first American Express branded cards in Kenya. The venue of the launch will be at Equity centre, 9th floor, Upper Hill, Nairobi. The bank will be the sole issuer of American…
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