5 Things You Should Know This Morning – Oct 8
CIC Corporate Bond gets 211% subscription The CIC Insurance Group Corporate Bond has been oversubscribed by 111 percent raising a sum of Sh6.34 billion from the initial target of Sh3 billion. The group’s Managing Director Nelson Kuria said the subscription was from across all market segments among them local institutional…
Diaspora Remittances Grow 6.4%
Kenyans in the diaspora sent home KES 8.4 billion in the month of November 2012. This is 6.4% increase compared to October 2012 where KES 8 billion were remitted.
Why Fuel Prices Dropped
Kenyan woke up to reduced fuel prices. The price of super petrol dropped by KES 1.58, kerosene by KES 1.14 and diesel by KES 0.26. Which factors influenced this price drop?
Convert Shilling Directly to Chinese Yuan
With increasing travel and trade between Kenya and China, the need for easier of conversion of currency between the two nations is a welcome move. 1 Chinese Yuan is valued at approximately KES 13.74
International Oil Prices Drop, Shilling Depreciates, What Next For Fuel Prices?
The observed drop in international crude oil prices may result in a drop in fuel price, though weakening of the shilling could counter this drop and balance things out.
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