Star Business: KenolKobil shares hit maximum trading limit 17 May 2013 - KENOLKOBIL share price rose to hit the maximum trading allowable limit yesterday as demand for the stock continued for a third day in a row over speculations that the company may be taken over by state-owned National Oil. The stock hit a high of 10.85 in the morning...
Star Business: KenolKobil has rallied 17.29 per cent over two sessions 17 May 2013 - The Nairobi All Share rallied 1.0866% to close at 126.52 and has closed at an all time high for the 2nd consecutive session. The Nairobi All Share has rallied 2.958% over the last 2 sessions. The Nairobi All Share is +33.375% in 2013. The Nairobi NSE20 Index rallied...
Star Business: Kenya's top grade tea prices continue to fall 16 May 2013 - The average price of Kenya's top grade Broken Pekoe Ones tea slipped to $3.26 (Sh270.58) per kilo at auction from $3.31 (Sh274.73) at the previous sale, trader Africa Tea Brokers said late on Tuesday. Kenya is the world's leading exporter of black tea, which is a...
Star Business: Central Bank in market to mop up Sh3 billion 16 May 2013 - The Central Bank of Kenya said yesterday it planned to mop up Sh3 billion in excess liquidity using term auction deposits. The bank has actively absorbed excess liquidity from the money markets since last year and lent support the shilling by making it slightly more...
Star Business: Ad Clients Need To Improve Briefing 16 May 2013 - Agencies are more often than not the target of blame when the advertising work they have done turns bland. A global study conducted by an international consulting business Joanne Davis Consulting indicates that clients may have more to do with bad work than has been...
Star Business: Kiereni battles to clear name over CMC saga 16 May 2013 - There is a possibility that Jeremiah Kiereini was exonerated by the findings of two reports that investiged allegations of fraud in the troubled CMC Motors, a court heard yesterday. Kiereini through lawyer Njoroge Rigeru told High court judge David Majanja that the...
Star Business: KQ training center gets new IATA certification 16 May 2013 - Kenya Airways' staff training facility, the Pride Centre has been granted a new global certification by the International Air Transport Association. The certification designates the centre as an IATA approved training school, allowing it to offer training programmes...
Star Business: KenolKobil shares gain from takeover reports 16 May 2013 - The Nairobi All Share rallied 1.872% to close at 125.16 which is a fresh 2013 and a multi-year high. The Nairobi All Share is +31.941% in 2013 and high volume push higher represents the beginning of a second leg higher. The Nairobi NSE20 rallied 73.46 points and 1.516...
Star Business: Co-op Bank profits up 31% to Sh3.23 billion 16 May 2013 - CO-OP Bank yesterday reported a 31 per cent increase in profits before tax for the first three months of this year to Sh3.23 billion compared to Sh2.47 billion recorded in a similar period last year. A growing customer base helped to raise the bank's deposits by Sh16...
Star Business: Audit firm launches business school 16 May 2013 - PricewaterhouseCoopers Kenya has launched its own business school. The school aims to provide a distinctive approach to learning and development for the business community in Kenya. The school’s first seminar held yesterday was on corporate governance where experts...
Star Business: BOA Kenya raises Sh3.2 billion for expansion 16 May 2013 - Bank of Africa Kenya has raised Sh3.18 billion fresh funding in form of equity and debt from its shareholders to finance its local expansion. The bank yesterday signed a $25 million (Sh2.1billion) loan deal with the Dutch Development Bank( FMO). This will be disbursed...
Star Business: MPs want counties to control parastatals 14 May 2013 - MPs have initiated a motion to compel the government to write off the debts owed by parastatals and hand their management to the county governments. According to the motion by Sirisia MP John Waluke, the parastatals should be handed to county governments to form part...
Star Business: Mombasa power supply set to improve 14 May 2013 - Kenya Power's ongoing conversion of a ten kilometre high voltage power line in Mombasa to an underground system will be completed in July, the company said yesterday. The line that supplies large parts of the island including industries, commercial enterprises and...
Star Business: Tourism sector expected to grow after polls – PS 14 May 2013 - Kenya's tourism sector is predicting positive returns on acco8nt of stability after the peaceful general elections. The sector leaders and players are marketing Kenya as a safe destination for tourism business, after it saw a slight slump last year. Tourism Permanent...
Star Business: Bankers out to reduce incidence of unclaimed assets 14 May 2013 - The Kenya Bankers Association wants bank customers to routinely update their records as it steps up campaign to cut incidence of unclaimed financial assets. It is running a campaign dubbed ‘Be Alert! (Kaa Chonjo!’, urging the bank clients to ensure their accounts are...
Star Business: Efficient port is key to growth – WB economist 14 May 2013 - Poor operations at the port of Mombasa remains one of the main hurdles to Kenya's growth, the World Bank's lead economist in the region, Wolfgang Fengler has said. He said the port needs a major policy transformation as it holds the key to growth of most sectors like...
Star Business: NSE Awaits Flagship Safaricom's Earnings Today 14 May 2013 - The Nairobi All Share edged 0.05 points higher to close at 122.57.It is +29.211% this year . The Nairobi NSE20 Index eased 22.91 points to close at 4866.05. The Nairobi NSE20 Index is +17.735% in 2013. Equity Turnover was 362.33m and lower than the recent average. In...
Star Business: Shilling falls but support seen from tea inflows 14 May 2013 - The shilling fell slightly yesterday, but traders said they expected renewed support for the currency on the back of dollar inflows from the tea sector and strong foreign demand for local equities. Commercial banks quoted the shilling at 83.75/95 to the dollar,...
Star Business: KAM welcomes move to freeze power tariffs 13 May 2013 - MANUFACTURERS have lauded the move by Deputy President William Ruto to stop Kenya Power from raising electricity charges adding that the firm should focus on cutting its internal inefficiancies. Kenya Association of Manufacturers chief executive Betty Maina said the...
Star Business: Jomo Kenyatta airport passes global safety test 13 May 2013 - JOMO Kenyatta International Airport has received the aerodrome certificate for year 2013 for implementing safety measures for all operations and production of a manual detailing infrastructure and services. The certificate was issued by the Kenya Civil Aviation...
