Here we go again The
Indian Ocean Newsletter reportsJust 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 problemsDid the unintended collaboration of
Coldtusker /
Business Daily unearth the firm? This comes after several recent articles in the Business Daily on the renewal of
broker licenses by the Capital Markets Authority.
Plastic cheaper: KCB lowering their credit cards fees. Annual fees for the KCB card will now be was 3,000 (~$47) from 4,000, while their Visa Gold will now be 4,000 (~63) from 6,000. Card penetration remain lows, I believe Barclays are the biggest company with 81,024 cards in 2007 (double 41,019 in 2006)
Entry-level opportunities (and expiry dates) most from the daily papers last week- Graduate trainees at the East African Portland Cement company (15/7)
- Management trainees at Unilever Kenya (7/7)
- Management trainees at Telkom Kenya (7/7)
- Young processionals program at the World Bank (15/7)
Safariom Day 16: Deals 3,939 Turnover 270.8 million shillings [$4.23 million] Avgerage 7.44 Closing 7.40 [+ 2.07%] High 7.55 Low 7.30 Last 7.45 Volume 36.4 million shares. Commentary: A constructive session. Bouts of indigestion are to be expected but those who had to flip [over leverage] have done so by now, given the volumes we have witnessed since the IPO.
[Commentary and data provided by Rich.co.ke - Nairobi Stock Exchange Authorized Data Vendor]
