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High Interests Keep Kenya Off International Capital Markets As Al Futtaim Buys Out CMC Holdings
by Soko Directory Team

High Interests Keep Kenya Off International Capital Markets  As Al Futtaim Buys Out CMC Holdings

 

Kenya could postpone borrowing from international money market 

Kenya could keep away from international capital markets for the time being due to high interest rates and considerations of the time left in the current fiscal year. A source familiar with the matter said the country could be forced to pay over eight per cent in yield if it goes for the sovereign bond now, in line with a similar rate for the Zambia bond. Given that the two countries have almost similar creditworthiness, as issued by credit rating agency Standard & Poor’s, Kenya may be hard pressed to pay more than the 6.7 percent yield it paid for the KES 52 billion syndicated loan the county received in early 2012.
 
 
 
CMC buyout ends as Al-Futtaim pays owners KES 7.5bn
 
Shareholders of CMC Holdings have finally been paid by a Dubai firm after a KES 7.5 billion buyout that has effectively seen the auto dealer de

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Why Mumias is the Rained on Cockerel of the Stock Market and Why Its for Those Who can Chase it in Margin Trading
by Soko Directory Team

 Why Mumias is the Rained on Cockerel of the Stock Market and Why Its for Those Who can Chase it in Margin Trading

 

For many farmers and investors alike, the mention of Mumias shares brings memories of loss and suffering.

 
The share has seen better days and it seems fate and fortune are not yet done with it. With a par value of 2.0, market value of 3.15, with 1,530,000,000 shares issued, with a market cap of (M) 7,726,500, with an EPS of 1.32, DPS of 0.50, divided yield of 9.90% and a P/E ratio of 2.39 makes it look like a very cheap stock, worth buying in droves. With an ROE of 31.3% the stock is relatively cheap.
 
 
 
But they say Kenyan investors are weird uniquely. Once bitten, they have kept of the share. With bad management, business deals and ventures that have raised more questions than answers, the share is a former shadow of itself. 
 
 
Personally I have paid dearly for investing in the share but that was before I learnt the hard way how to play the market. How

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Equity Bank to Issue 300,000 Smartphones to Retailers As Two Companies Battle Over Rea Vipingo
by Soko Directory Team

 Equity Bank to Issue 300,000 Smartphones to Retailers As Two Companies Battle Over Rea Vipingo 

 

Equity targets retail business with 300,000 smartphones 

Equity Bank will from next month issue 300,000 smartphones to retailers to facilitate cashless transactions and deepen use of the lender’s new ATM cards that allow tap-and-go payments. The top-tier lender said that customers would tap their Equity MasterCard cards on the high-end-of-the-market mobile phones with contactless payment technology based on Near Field Communication (NFC) to make retail payments. Equity will distribute the NFC-enabled phones free of charge to supermarkets, restaurants, kiosks and barbershops as it seeks to boost income from the payments processing business. The Nairobi bourse-listed bank is turning to mobile phones as a cheaper and more convenient point of sale (PoS) compared to the traditional swipe card readers.
 
 
 
Two companies to battle it out for Rea Vipingo after High Court ruling 
 
Rea

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Stock Market Report: Thursday 3rd April 2014
by Soko Directory Team

 

Stock Market Report: Thursday 3rd April  2014 
 
 
Equities
 
 
Some 24M shares valued at Kes.445M were traded in 1,700 deals, up from 12M shares that were valued at Kes.278M posted yesterday. 
 
The NSE 20 Share Index shed 15.49 points to stand at 4918.07. All Share Index (NASI) edged up 0.14 points to stand at 143.91. 
 
 
 
Automobile & Accessories 
 
Down five cents to Kes.6.90, Sameer Africa moved 33,000 shares. 
 
 
Banking Sector 
 
The Banking Sector had 3.9M shares traded and represented 16.58% of the day’s traded volume. KCB fluctuated at between Kes.46.00 and Kes.47.00 on a volume of 1.4M shares. 
 
 
Equity Bank touched a high of Kes.32.00 and a low of Kes.31.50 on a volume of 1M shares.
 
 
Commercial & Services Sector 
 
Commercial & Services Sector moved 364,000 shares, which accounted for 1.51% of the day’s traded volume. Kenya Airways closed five cents lower to Kes.13.05 on a volume of 304,000 shares. Nation Media Group moved 17,000 sh

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The Smooth Moves Of Britam
by Soko Directory Team

 The Smooth Moves Of Britam

 

The smooth moves of Britam, make it the savvy kid on the NSE block to go on investment dance with. British-American Investments Company (Kenya) Limited is a holding and investment company. The Company operates in four segments: long term insurance business, short term insurance business, asset management, and corporate and others.

 
Long term insurance business includes protection of the Company's customers against the risk of premature death, disability, critical illness and other accidents. Life Insurance offers a range of products for its customers, including unit linked products, education plans, whole life plans and other conventional products. Short term insurance business includes the protection of customers' assets (particularly their properties, both for personal and commercial business).The Asset Management products include discretionary/segregated portfolio management services, wealth management services, as well as unit trust funds.Cor

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