Banking, finance, investments in Nairobi Kenya
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are free calls enough? [I am not a customer, but I have probably bought and discarded three of their SIM cards to coincide with some ongoing promotions. Too many people I call are on Safaricom, and until number portability comes along, (carrying my number to another networks) I am stuck with Safaricom] Beside number portability, there are other things they need to sort out; Celtel has been ....
Live on TV - all stations Is the debate to censure Finance Minister Amos Kimunya for his role in the controversial sale of the Grand Regency Hotel. Before a rather hostile opposition side, He’s just given a statement where he: - Outlined his long history as an accountant and a crusader for reforms, revenue gains and tax savings for the Kenyan people numerous times such ....
Here we go again The Indian Ocean Newsletter reports Just a few months after the collapse of the Nyaga Stock Broker , a large company heavily indebted to its clients, another stockbroker on the Nairobi Stock Exchange (NSE) is in turn facing financial problems Did the unintended collaboration of Coldtusker / Business Daily unearth the firm? This comes after several recent articles in the ....
A half year after Diamond Trust , it’s now KCB conducting a second rights issue in the span of a few years. This comes at a time when international banks raising capital are facing more scrutiny than before. KCB are back to ask their shareholders to chip in. In June 2004 they exceeded the 2.45 billion target and this time they are set to raise 5.54 billion ....
This started out as a post on DRIP’s – but went on to become a ramble about other drips (leaking taps) where small/retail shareholders and their companies lose hundreds of shillings individually and collectively lose millions of shillings from the investment fund pools in a vicious circle: (a) DRIP’s are automatic dividend reinvestment programs. They are available in advanced financial ....
It’s been a long progression with Safaricom and picture messaging. Started out as a product for post-paid subscribers, and then was made available to pre-paid subscribers at 20 shillings each. It’s now been lowered again to a relatively affordable 5/= ($0.09) which is the same as a regular short text message (SMS) Safaricom gets flack for its customer service especially for new offerings, but ....
Insurance Company of East Africa Assets 19,151 million [19.15 billion or ~ $309 million] (profit of 545 million) [$8.8 million] Kenya Reinsurance 14,710 (965 million) Jubilee Insurance 12,459 British American Insurance 10,252 (512) Kenindia Assurance 9,886 UAP Insurance 7,245 (888) Old Mutual Life Assurance 6,447 CFC life -- (255 million profit) Heritage AII 4,522 (364) APA Insurance 4,491 ....