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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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Trust, confidence and convenience are the hallmarks of doing online business by ensuring fraud is dealt with immediately.
by Soko Directory Team

Trust, confidence and convenience are the hallmarks of doing online business by ensuring fraud is dealt with immediately.

 
 
Online business is not a mirage any more. It’s become reality. People are making money and a living online. The online eco-system is changing rapidly and the rules and engagement dynamics seem to be evolving with time.
 
E-commerce is a different way of transacting business. Trust is the single most denominator that has shaped the online business and given the challenge of this, many online platforms have struggled with creating trust for their customers and potential users.
 
What matters is that human beings have to buy and sell goods and services based on trust, convenience and affordability. These three issues define online trade. Commerce is a social phenomenon and the digital platforms seem to be riding on the social media connections where the social behavior of humans is at its best. Hence the need for trust, convenience and affordability. 
 
Th

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KenGen Ltd Revised To Accumulate
by Old Mutual

 KenGen Ltd Revised To Accumulate

 

We revise our recommendation on KenGen from STRONG BUY to ACCUMULATE with a target price of KES 14.08 (previously KES 22.25, 37.4% deviation), 19.3% above the current market price of KES 11.80. Our revised case is informed by flat YoY electricity revenue as a result of marginal new capacity addition.

Out of the 350 MW that was to be added and sold in FY 2014, only 70MW was commissioned in February 2014 while the first 140 megawatts of the Olkaria 280 MW is expected to be commissioned in September 2014. 

 

We anticipate decreased EBIT in FY 2014 to KES 5.5Bn on the back of increased depreciation costs. Increased finance costs will also lower PBT to KES 2.8Bn we however forecast a reversal of this trend as KenGen continues to increase capacity to >3,000MW (OMSe 2,145MW) as higher returns expected from geothermal though this also depends on the generating company’s delivery within stipulated timelines 

 
 
The revised outlook is also informed by

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KenGen unveils the Great Dams Race to conserve nature
by Soko Directory Team

 KenGen unveils the Great Dams Race to conserve nature

 

 
The Kenya Electricity Generating Company (KenGen), has officially unveiled the Great Dams Race, an annual event seeking to create environmental awareness and raise funds to conserve the Seven Forks ecosystem.The initiative is aimed at encouraging Corporates, the public at large and local communities to actively contribute towards local environmental conservation.  
 
 
The race is scheduled to take place on Saturday June 14, 2014 along the scenic backdrop of Masinga Dam and Mwea National Reserve. Unlike other annual races, this race offers a unique mix of marine and rugged savannah terrain for professional and amateur runners and provides an exceptional fun weekend for families. 
 
 
KenGen  Managing Director Albert Mugo(left)  and KenGen  Foundation Managing Trustee (right) share a light photo moment after  Tegla Lorupe  successfully registered  on The KenGen Great Dams Race website .
 
 
Participants will have t

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New Pension Rules Target Contributors' Allowances As Market Improves at Bourse
by Old Mutual

New Pension Rules Target Contributors' Allowances As Market Improves at Bourse 

 

The market showed improved performance with turnover advancing by 7.97% to KES 569M (USD 6.56M). NASI and NSE 20 advanced by 0.69% and 0.03% to 146.42 and 4910.92 respectively. Kenya Orchards was the day’s top gainer up 10% to end the day at KES 5.50 though on thin volumes. Other gainers of the day were BOC and Liberty Holdings at (KES 150.00, +6.38%) and (KES 18.70, +5.35%) respectively.

 

 
The top loser of the day was Marshalls declining by 8.18% settling at KES 10.10. Other losers of the day were Total Kenya and East African Portland at (KES 22.75, -7.14%) and (KES 93.00, -7.00%). The shilling has continued to weaken against the dollar. The shilling yesterday was at KES 86.71 against the dollar.
 
 
 
Corporate Actions
 
 
Equity Bank (EQTY KN) set to announce its Q1 2014 results on 17th April 2014.

 
Limuru Tea announced a Final dividend of Kes.7.50 on 25-Mar-2014. Books closure 17-Ap

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